Daily Technical Analysis by FxGrow - page 28
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FxGrow Daily Technical Analysis – 29th Feb, 2016
By FxGrow Research & Analysis Team
AUDCAD - reached lower limit of bearish channel
Friday brought huge selloff at AUDCAD. Falls ranging almost 200 pips during just one session certainly isn't a common picture. Bears broke three important supports 0.9820, 0.9730, 0.9650. Today's rebound started by bulls finished with a long upper shadow on the chart.
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 March, 2016
By FxGrow Research & Analysis Team
EURUSD - on the way to 1.0810
On last Friday price broke below support at 1.0980 and downward movement is continuing. Period of low volatility at EURUSD should has been already finished, because in next three weeks there will be important macro events which should cause higher volatility (US non-farm payrolls, ECB meeting, FED meeting).
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 March, 2016
By FxGrow Research & Analysis Team
EURCAD - 80 pips left to important support
Downward movement at EURCAD is continuing after broke below support in last week. It is likely that today's session will bring fifth downward candle in a row. Supply should test 1.4520 area, where price need only 80 pips to achieve that level. That level is the nearest strong support and 40 pips lower there is a 78.6% Fibonacci retracement of previous upward movement.
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 March, 2016
By FxGrow Research & Analysis Team
EURAUD - lowest since two months
Declines accelerated after EURAUD broke below support at 1.5270. Today price tested next support at 1.5000, but currently there are no signs that declines may end. Next weak supports are located at: 1.4890, 1.4730. Nearest strong support is 600 pips below current level at 1.4400.
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 – 07th March, 2016
By FxGrow Research & Analysis Team
USDJPY side trend after rebound from support and double bottom pattern
Since a week USDJPY moves between 113.30 - 114.20. Side trend occurred after dynamic rebound from area 111.00. There was a support strenghtened by double bottom pattern. If indicated level 113.30 brakes successfully it is likely that third test of 111.00 will occur. It have to be noted that main trend at USDJPY is downward one and it is more likely that there will be a new wave of falls than new uptrend movement.
Time-frame H4
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 – 08th March, 2016
By FxGrow Research & Analysis Team
EURUSD - nearest target for demand 1.1070
After huge EURUSD volatility last saw on Friday (just after US non-farm payrolls data), yesterday's session was similar. At the beginning supply broke below support at 1.0980 but in the afternoon failed to move further and demand was on the top. Today EURUSD is continuing upward movement and price achived new local high. Nearest important resistance is located at 1.1070.
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 – 08th March, 2016
By FxGrow Research & Analysis Team
EURGBP - return above important support area 0.7710 - 0.7760
EURGBP is above very important support - area 0.7710 (support from 2008) and 0.7760 (support from 2012, 2014). Since the beginning of February there was a correction of previous strong upward movement. Today demand is trying to finish it. Price is approaching 0.7800 and after breakout of that resistance price will move in direction of 0.7920.
Time-frame D1
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 – 09th March, 2016
By FxGrow Research & Analysis Team
AUDNZD broke above important resistance
Yesterday important resistance at 1.0970 was broken. Price was for the last time at a such high level on December 2015. Currently AUDNZD is reaching 1.1080, which was high from November 2015. It is likely that on indicated level there will be a rebound because from the beginning of March price didn't show any corrective moves.
Time-frame D1
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 – 09th March, 2016
By FxGrow Research & Analysis Team
GBPAUD - after 5 weeks of falls it's time to look for the correction
GBPAUD falls since 5 weeks. Correction has to occur in all trends even in as strong as this. Current level give a chance that rebound may occur at the moment. Price reached support in 1.8970 - 1.8820 area. Of course you can't count on trend reversal, but some correction in such oversell price should occur. If price rebounds nearest target for falls will be at 1.9280.
Time-frame W1
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 – 14th March, 2016
By FxGrow Research & Analysis Team
GBPUSD below important resistance
Upward movement at GBPUSD is in progress. In March situation is opposed that it was in February. In February we saw huge sell-off wave and in March price is continuing its rebound. Right now after two weeks of upward movement GBPUSD is starting below important resistance.
At charts below you can see that 1.4400 level was important in the past. This level stopped declines in 2010. It is likely that till next Wednesday (nearest FOMC meeting) price won't be very far from current level.
Time-frame W1
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.