Daily Technical Analysis by FxGrow - page 38
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FxGrow Daily Technical Analysis – 26th May, 2016
By FxGrow Research & Analysis Team
The Euro gains on softer US Dollars ahead of US durable goods data
The EURUSD found support as the dollar eased awaiting further US data today and Yellen’s speech due on Friday that will give an outlook of whether the Fed will hike rate sooner or later this year. The Euro also found support as Euro group ministers agreed on Greece bailout funds. The EURUSD will continue surging higher on weak US durable goods data and breaking 1.1195 will open an upward wave toward 1.1215 and 1.1255 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 May, 2016
By FxGrow Research & Analysis Team
The USDJPY to turn higher ahead of US GDP data
The USDJPY consolidates around 109.80 ahead of US GDP data and then traded higher to touch 110.00 high on weaker than expected Japanese inflation data. The USDJPY might have found support as Federal Reserve officials bolstered expectations of interest rate hike next month, and breaking the interim resistance 110.10 will support the upward movement and continue surging higher to touch 110.40, 110.70 and 111.10 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 – 30th May, 2016
By FxGrow Research & Analysis Team
The EURUSD falls on hawkish Yellen comments
The EURUSD fell below 1.1100 as Yellen claimed that interest rate hike in the next few months is probable. The EURUSD sharp decline was a result of hawkish Yellen comments especially as she said that Fed should hike rate soon. Breaking the support point 1.1080 pushes the euro lower to touch near-term support levels 1.1045 and 1.1015.
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 – 30th May, 2016
By FxGrow Research & Analysis Team
The Yen dropped as equity markets rallied to post its biggest week
The USDJPY traded higher to touch 111.45 high as risk appetite firms and as equity markets posted biggest weekly gains. The USDJPY supported its rally after Yellen commented that US interest rate hike this summer is a big possibility. Breaking 111.55 might continue its upward movement toward 111.90 and 112.40 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 – 31st May, 2016
By FxGrow Research & Analysis Team
The Australian dollar jumped on better than expected economic data
The AUDUSD surged higher to touch 0.7250 high after upbeat building approval data and strong net exports. The Reserve Bank of Australia (RBA) would change its monetary policy view and rate cut speculation in the coming month eased on better than expected Australian data thus pushing the Aussie higher and breaking the major resistance point 0.7250 will trigger an upward move toward 0.7285 and 0.7315.
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 – 31st May, 2016
By FxGrow Research & Analysis Team
The EURUSD rebounded ahead of ECB meeting
The EURUSD gains and reached 1.1155 after touching 1.1098 low ahead of European Central Bank (ECB) meeting due on Thursday. The Eurozone inflation report (CPI) will give signs of how the ECB is going to react regarding monetary stimulus program, and a reversal in ECB monetary policy will push the Euro higher and breaking the resistance point 1.1170 might create a bullish wave and expand its gains to touch 1.1200, 1.1215 and 1.1235 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 – 01st June, 2016
By FxGrow Research & Analysis Team
The British pound slumps ahead of UK manufacturing PMI data
The GBPUSD suffered its biggest drop after ICM poll showed and increased support for “leave” providing chances for the UK to exit the Eurozone. UK PMI data and “BREXIT” issue are weighing on the pound and make it fall more than 1.1 percent to touch 1.4455 low. The GBPUSD remains under pressure as “BREXIT” worries predominate and cutting the support point 1.4440 might continue tumbling to touch next support points 1.4422 and 1.4385.
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 – 01st June, 2016
By FxGrow Research & Analysis Team
The Australian dollar climbs on solid local data
The AUDUSD surged higher to touch 0.7299 high as Australia GDP crossed the wires and beat expectations. The AUDUSD find support as strong economic data give signs that the Reserve Bank of Australia (RBA) would probably relieve rate cut policy in the coming period and the AUDUSD need a break above 0.7315 in order to expand gains and touch 0.7355 and 0.7395.
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 June, 2016
By FxGrow Research & Analysis Team
The Australian dollar stabled on mixed data
The AUDUSD increased against several major counterparts after strong Australia’s trade balance data recording the smallest deficit for more than a year. The reserve bank of Australia (RBA) rate cut bets started to recoil as Australian data beats expectations and breaking the major resistance level 0.7295 will push the AUDUSD higher to touch 0.7308 the 23.6% Fibonacci retracement. Breaking this point will continue expanding to touch 0.7335 and 0.7375.
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 June, 2016
By FxGrow Research & Analysis Team
The EURUSD gained ahead of ECB meeting
The EURUSD surged higher on expectations that the European central bank (ECB) is anticipated to stand pat on monetary policy. The EURUSD traded above the 1.1200 on speculations that Draghi is going to depend on the wait and see approach and breaking 1.1235 will trigger an upward move toward 1.1265 and 1.1295.
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.