Daily Technical Analysis by FxGrow - page 53
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
FxGrow Daily Technical Analysis – 08th Sept, 2016
By FxGrow Research & Analysis Team
Fibo level index is moving slightly bullish ahead of Draghi ECB press release
Fibo level index is moving slightly bullish ahead of the Draghi ECB announcement today. EURUSD clocked intraday highs around 1.1257 which is the highest since 29th of August 1.1206 allowing the EURUSD to catch a breath and it's expected to rise later on today.
For more in depth Research & 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 – 08th Sept, 2016
By FxGrow Research & Analysis Team
Silver is still climbing for the 11th consecutive day breaking all expectations
XAGUSD is still climbing for the 11th consecutive day since 22th August and clocked 20.131 yesterday. Numbers and charts suggest a continuous bullish rise since 1 AM GMT this morning. Right now, silver is trading at 19.90 and expected to reach the first resistance R1 at 20.03.
For more in depth Research & 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 – 09th Sept, 2016
By FxGrow Research & Analysis Team
The Canadian Dollar started a bullish trend since yesterday at 10:00 AM GMT
The Canadian Dollar started a bullish trend yesterday at 10:00 AM GMT and clocked a high 1.293 ( R1) since 6th of August a high of 1.2933. Although the two numbers seem to be close but the indication is different. Since the first resistance is at 1.2937, the behavior of the trend is expected to continue in an uprise trend.
For more in depth Research & 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 – 09th Sept, 2016
By FxGrow Research & Analysis Team
The euro edged up on Draghi's comments
The euro increased against the dollar and break the 1:1300 zone trading around 1.1320 as the European Central Bank kept interest rate unchanged.
The EURUSD is now trading a range between 1.1235-1.1285 as Draghi claimed that expanding its asset purchase program is improbable right now and the EURUSD needs to break 1.1305 again in order to pave its way toward near-term resistance levels 1.1340 and 1.1375.
For more in depth Research & 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 – 12th Sept, 2016
By FxGrow Research & Analysis Team
GBP/USD STRUGGLING AGAIN - The FED MONETARY POLICY SPECULATIONS TO TRADE AT SPOT
Postive comments from FOMC member Eric Rosengren on Friday 9th Sep energized expectations of an eventual Fed-hike action and helped the greenboogie to move in in strong positions facing major currencies. On the 9th of Sep, at 1 PM GMT, the GBP started a bearish mood dropping from 1.3325 to 1.3237 at 3 PM GMT as shown in the chart ( from G to H point ) which suggests a more drop in the coming hours and in the absence of major press news this monday on economic calendar.
For more in depth Research & 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 – 13th Sept, 2016
By FxGrow Research & Analysis Team
EUR/USD BOUNCES TO 1.1224 INTRADAY AFTER CLOCKING A HIGH 1.1327 ON 8TH SEP WHEN DRAGHI RELEASED THE ECB
Right now, the EUR/USD is trading at 1.1224 8 AM GMT, and it's expected to be bearish reaching the first support at 1.1225 and below H5 PP 1.1233
Draghi will make an appearance today at 10 AM GMT, and the EUR will either makes a correction and shift info bull candle charts, or will continue dropping.
Keys to keep eyes on : H5 PP 1.1233
S1 1.1225, S2 1.1212, S3 1.1191, S4 1.1159
For more in depth Research & 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 – 14th Sept, 2016
By FxGrow Research & Analysis Team
GBP/USD VULNERABLE TO DROP FURTHER MORE : UK JOBS REPORT INTO FOCUS
Dovish comments by Fed Governor Lael Brainard on Monday 12th of Sep where he suggested that the possibility of an action on Fed this month are as thin as ice. As a result, the USD was moving in strong positions against major pairs and commodities. Today, UK Job data will be the elemental key player that may set a new course for the GBP. Both scenarios are possible depending on the result of this Report. Yesterday the GBP/USD was bearish, but since 2 AM this morning, it took an opposite trend moving in bullish candle charts due to the high demand of traders buying GBP, taking a leap of faith on the British Currency.
For more in depth Research & 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 – 14th Sept, 2016
By FxGrow Research & Analysis Team
OIL BOUNCES IN ASIA, STABILIZED TODAY AFTER FALLING 3% YESTERDAY AND ALL EYES ON EIA REPORTS TODAY
Oil prices changed course and attempted a recovery in the Asian trades, after having slumped 3% on bearish monthly reports from both the IEA and OPEC.
On Tuesday, oil prices rallied 3% after both the EIA and OPEC made downgrade revisions to their global demand forecasts, while also pointed out that the global crude oversupply could persist for much longer than expected. EIA advised that increasing supply along with a sharp reduction in demand will create a saturation of oil in the market. at least until June 2017 which is in noticed contrast to last's month where the agency noted that supply would fall by the end of the year. Mr. Eugen Weinberg, head of commodities strategy commented " It seems that the situation deteriorated strongly or significantly in the eyes of OPEC, as well as the EIA.
For more in depth Research & 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 – 15th Sept, 2016
By FxGrow Research & Analysis Team
GOLD IS UNDER PRESSURE YET AGAIN FOR THE SECOND TIME SEP: EYES ON ECONOMIC CALENDAR
Once again this month, for the second week, gold today, is subject to a new test against the dollar. The question is, Will it pass and make a correction towards towards the 1350 zone or the greenback moves stronger creating a pressure on XAUUSD again to drop into the 1300 zone or even less. On the 2nd of Sep, Gold clocked a low 1302.31 but then rallied up again on the 6th of Sep reaching 1352.35 which is the climax score for Sep, then gradually started dropping, yet still.
Trend: Bearish Downward
For more in depth Research & 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 – 15th Sept, 2016
By FxGrow Research & Analysis Team
SILVER, STILL IN BEARISH MOOD FOR THE THE 7TH DAY, EYES ON U.S NEWS TODAY
What to expect from XAGUSD today? Silver rallied up on the 2nd of Sep till 6th clocking 20.129 Intraday, but then dropped, trading at the moment 18.912.
Trend: downward H5 PP 19.021
For more in depth Research & 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.