Daily Technical Analysis by FxGrow - page 34
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FxGrow Daily Technical Analysis – 25th April, 2016
By FxGrow Research & Analysis Team
GBPUSD bottom might have found an end
The GBPUSD scaled a 5 week high at 1.4475 after US president Barack Obama visit to UK urging Britons to stay in the European Union. The GBPUSD was also supported by policy makers who disagree with UK exiting the Euro zone. Breaking 1.4485 give signs that the downside trend obviously comes to an end and the pair will continue sliding higher toward strong resistance levels 1.4525 and 1.4565.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 25th April, 2016
By FxGrow Research & Analysis Team
The reaction to the EURUSD is to be limited ahead of monetary policy bets
The Euro was flat against the dollar after it touched a 4 week low at 1.1215 as Draghi claimed that rates are likely to remain at current levels (near lows). The EURUSD is anticipated for more declines as central bank policies prompt inflation protection and breaking 1.1200 will continue shrinking toward near term support levels 1.1185 and 1.1155.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 26th April, 2016
By FxGrow Research & Analysis Team
The GBPUSD breaks an inverse head and shoulder
The GBPUSD finally broke the inverse head and shoulder yesterday and rallied above the 100 days moving average touching the strong the strong resistance level 1.4520. Monday’s gap gives the GBPUSD a bullish signal ahead of the FOMC meeting minutes and UK GDP, and breaking 1.4525 will push the GBPUSD higher toward next resistance levels 1.4545 and 1.4565 respectively.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 26th April, 2016
By FxGrow Research & Analysis Team
The USDJPY is struggling ahead of BOJ meeting
The Japanese Yen rose again amid speculations that the bank of Japan (BOJ) may expand stimulus at policy meeting on Thursday. The USDJPY touches 2 weeks high at 1.1188 before opening a leg lower this morning and remains in the bearish formation ahead of both BOJ meeting and Japan’s CPI data. Breaking 1.1030 might continue its downtrend movement toward 109.80 and 109.40.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 27th April, 2016
By FxGrow Research & Analysis Team
The Aussie tumbled on soft CPI data
The AUDUSD fell sharply near 0.7605 after disappointing inflation data. This drop in Australia’s consumer prices raises speculations that the reserve bank of Australia (RBA) may cut rates or at least keep their easing program in play thus putting more pressure on the Aussie. Breaking the long-term support 0.7595 creates a bearish signal toward 0.7555 and 0.7525 respectively.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 27th April, 2016
By FxGrow Research & Analysis Team
The EURUSD may have found an end to its downward movement
The EURUSD is recovering after 1.1216 lows breaking the minor support 1.1298 giving signs that the Euro is pressing back to 1.1400- 1.1500 zone. A push near the 14.6% Fibonacci Expansion 1.1355 may lead to a corrective wave and continue increasing to reach 1.1385 and 1.1410.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 28th April, 2016
By FxGrow Research & Analysis Team
The Yen strengthened as BOJ maintains policy balance rate
The Japanese Yen surged higher as the Bank of Japan (BOJ) left monetary policy unchanged. The BOJ was away from further easing and forecasted that the CPI will hit the 2% target in 2017 boosting the Yen. The USDJPY is in a downturn territory and breaking the support level 107.90 tends to create a strong downtrend toward 107.60, 107.30 and 106.90.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 28th April, 2016
By FxGrow Research & Analysis Team
The EURUSD may recover ahead of US GDP figures
The EURUSD is playing a sideway congestion in the last 2 days staying in a range between 1.1255 and 1.1355 as Draghi argued that more time is needed to assess the impact of a large stimulus expansion before considering further easing. But the EURUSD started increasing after Fed statement yesterday showing a slower economic growth in the US and staying cautious regarding rate hike. Breaking 1.1370 will keep moving higher toward 1.1410 and 1.1450.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 29th April, 2016
By FxGrow Research & Analysis Team
The EURUSD rallied as US GDP worsen
The EURUSD surged higher and crosses the 1.1400 zone on slowing US growth to reach 1.1415. The Dollar index drops more as weak US GDP data eased the Fed rate hike decision and as the BOJ kept monetary stimulus unchanged. The EURUSD will gain momentum if it breaks 1.1435 and thus continue rallying toward 1.1460 and 1.1480 respectively.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 02nd May, 2016
By FxGrow Research & Analysis Team
The EURUSD along new target zones on disappointing US data
The EURUSD breaks the 1.1400 zone and is pushing a leg higher toward 1.1500 zone after stronger than expected Euro GDP data. Although inflation comes below expectations on Friday, the EURUSD continue rallying and is eying new targets as it breaks 1.1495 to reach near-term resistance levels 1.1535 and 1.1565.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.