Daily Technical Analysis by FxGrow

[FxGrow Support]

FxGrow Daily Technical Analysis – 05th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD is trading in a zigzag pattern and is unable to make any clear directions in the past trading session. The pair is trading above its 200 day SMA of 1.1117 in the European trading session and the near term bias is Neutral with sideways movements expected later today.

RSI (14), MACD (12, 26), ADX (14), CCI (14) are Neutral; while Average True Range (14) indicates High Volatility.

Support is at 1.1096 while Resistance is at 1.1184 and 1.1214

05th July 2016 – 09:00hrs GMT

GBPUSD

GBPUSD continues to trade lower exposing further downside pressure in the European trading session. Cable is trading below its 100 day SMA of 1.3330 pointing to more weakness in the coming days. The near term bias is Bearish with targets of 1.3050

STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a SELL; RSI (14), STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates High Volatility.

Support is at 1.3114 while Resistance is at 1.3340

05th July 2016 – 09:13hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 05th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it crossed 0.7500 handle and remained firm towards the end of the trading session. Today Aussie is trading in a zigzag pattern with no clear direction. The pair is trading above its 100 day SMA of 0.7475 in the European trading session. The near term bias is Bearish with targets of 0.7450

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates High Volatility.

Support is at 0.7472 while Resistance is at 0.7548

05th July 2016 – 09:24hrs GMT

USDJPY

USDJPY is trading in a bearish momentum today exposing further weakness in the coming days. The pair broke its support level of 102 to touch a low of 101.65; and is trading below its 100 day SMA of 102.64 in the European trading session. The near term bias is Bearish with targets of 101

STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator indicate a SELL; RSI (14), STOCHRSI (14) are Oversold; while Average True Range (14) indicates High Volatility.

Support is at 101.65 while Resistance is at 102.35

05th July 2016 – 09:32hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 07th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a low of 0.7407 and a high of 0.7516 towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7492 in the European trading session. The near term bias is Bullish with targets of 0.7580

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a BUY; while Average True Range (14) indicates High Volatility.

Support is at 0.7475 while Resistance is at 0.7525

07th July 2016 – 08:50hrs GMT

USDJPY

USDJPY was indecisive yesterday as it touched a low of 100.19 and a high of 101.74 as trading sentiment remains mixed. The pair broke its support level of 101 and as such further downside risks are present as it is trading below its 100day SMA of 101.86 in the European trading session. The near term bias is Neutral to Bearish with targets of 100.50

RSI (14), CCI (14) are Neutral; STOCH (9, 6), MACD (12, 26), ROC indicate a SELL; RSI (14), STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 101.19 while Resistance is at 101.46

07th July 2016 – 09:00hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 08th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a high of 1.1106 and a low of 1.1052 as the pair struggles to remain above the 1.1000 handle. Today the pair is trading below its 100 day SMA of 1.1095 as the trend remains unclear. The near term bias is Neutral to Bearish with targets of 1.1000

RSI (14), MACD (12, 26), CCI (14) are Neutral; STOCHRSI (14), MA100 indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 1.1052 while Resistance is at 1.1080 and 1.1097

08th July 2016 – 09:30hrs GMT

GBPUSD

GBPUSD was indecisive yesterday as it touched a high of 1.3042 and a low of 1.2880 towards the end of the trading session. Today Cable is trading below its 100 day SMA of 1.3043 and bullish correction is expected later today. The near term bias is Neutral to Bullish with targets of 1.3010

RSI (14), CCI (14), Ultimate Oscillator are Neutral; STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a BUY; SOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.2878 while Resistance is at 1.2970 and 1.3047

08th July 2016 – 09:37hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 08th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a high of 0.7538 and a low of 0.7470 towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7496 as it crosses the 0.7500 handle in the European trading session. The near term bias is Bullish with targets of 0.7550

STOCH (9, 6) is Neutral; RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 0.7491 while Resistance is at 0.7512

08th July 2016 – 09:46hrs GMT

USDJPY

USDJPY was moderately bearish yesterday and came down below 101 handle towards the end of the trading session. The scope for upside moves is limited and outlook is negative towards the 99 handle in the coming days. The pair is trading below its 100day SMA of 101.39 in the European trading session. The near term bias is Neutral to Bearish with targets of 100.30

RSI (14), CCI (14), Ultimate Oscillator are Neutral; STOCH (9, 6), MACD (12, 26), ROC indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 100.40 while Resistance is at 100.82

08th July 2016 – 09:55hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 11th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD has opened the week lower and is trading below the 1.1050 handle and a bearish trend is expected later today. The pair is trading below its 100 day SMA of 1.1073 and a downtrend is expected towards the 1.1000 levels. The near term bias is Neutral to Bearish with targets of 1.0950

RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6) is Neutral; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.1002 while Resistance is at 1.1034 and 1.1097

11th July 2016 – 09:32hrs GMT

GBPUSD

GBPUSD has opened the week lower and is trading below the 1.2900 handle with further weakness towards the 1.2700 levels. Today Cable is trading below its 100 day SMA of 1.2964 and strong bearish correction is expected later today. The near term bias is Bearish with targets of 1.2800

RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6) is Neutral; CCI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.2824 while Resistance is at 1.2920 and 1.2936

11th July 2016 – 09:40hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 11th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD opened this week with an uptrend crossing the 0.7550 levels in the Asian trading session. The pair is looking to break the 0.7600 handle in US trading session today. Today Aussie is trading above its 100 day SMA of 0.7502 and the near term bias is Bullish with targets of 0.7550 to 0.7600

MACD (12, 26), MA100 indicate a BUY; RSI (14) is Neutral; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7491 while Resistance is at 0.7575

11th July 2016 – 09:48hrs GMT

USDJPY

USDJPY has opened the week on a strong bullish tone as it crossed the 102 handle in the European trading session. The pair is trading above its 100day SMA of 101.02 and a move towards 103 is expected. The near term bias is Bullish with targets of 102.50 to 103

STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; RSI (14), STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 101.46 while Resistance is at 102.42

11th July 2016 – 10:10hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 12th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a low of 1.1015 and a high of 1.1069 towards the end of the trading session. The pair is trading above its 100 day SMA of 1.1066 and an upward momentum is seen in the European trading session. The near term bias is Strong Bullish with targets of 1.1150 to 1.1200

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a BUY; STOCHRSI (14), CCI (14), Ultimate Oscillator are Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.1098 while Resistance is at 1.1120 and 1.1131

12th July 2016 – 07:42hrs GMT

GBPUSD

GBPUSD made bullish correction yesterday as it crossed 1.3000 handle towards the end of the trading session. Today Cable is trading above its 100 day SMA of 1.2959 and strong bullish momentum is seen in the European trading session. The near term bias is Bullish with targets of 1.3150 to 1.3200

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.3055 while Resistance is at 1.3107 and 1.3124

12th July 2016 – 08:00hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 12th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was flat yesterday without any major changes towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7524 and the near term bias is Bullish with targets of 0.7650 to 0.7680

STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; RSI (14), STOCHRSI (14) are Overbought; while Average True Range (14) indicates High Volatility.
Support is at 0.7585 while Resistance is at 0.7665

12th July 2016 – 08:10hrs GMT

USDJPY

USDJPY was bullish yesterday as it crossed the 102.50 handle yesterday and remained strong towards the end of the trading session. The pair is trading above its 100day SMA of 101.32 with some fluctuation seen in the European trading session. The near term bias is Bullish with targets of 103.50 to 104

RSI (14), STOCH (9, 6), MACD (12, 26), ROC indicate a BUY; ADX (14), CCI (14) are Neutral; while Average True Range (14) indicates High Volatility.

Support is at 102.84 while Resistance is at 103.55

12th July 2016 – 08:20hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 13th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it touched a high of 1.1125 but could not sustain bullish momentum and came down to close below 1.1060 towards the end of the trading session. The pair is trading below its 100 day SMA of 1.1065 as it tests its support of 1.1000 later today. The near term bias is Bearish with targets of 1.1000

RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.1049 while Resistance is at 1.1064 and 1.1075

13th July 2016 – 08:10hrs GMT

GBPUSD

GBPUSD was bullish yesterday as it crossed 1.3250 handle towards the end of the trading session. Today Cable tried to cross the 1.3300 levels but had a bearish pullback and is trading above its 100 day SMA of 1.3036 in the European trading session. The near term bias is Neutral with sideways moves expected

RSI (14), STOCH (9, 6), Ultimate Oscillator are Neutral; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.3119 while Resistance is at 1.3275 and 1.3340

13th July 2016 – 08:20hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 13th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD had a bullish momentum yesterday as it crossed 0.7650 handle and remained strong towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7554 and the near term bias is Bearish with targets of 0.7550

RSI (14), STOCH (9, 6), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7548 while Resistance is at 0.7646 and 0.7658

13th July 2016 – 08:25hrs GMT

USDJPY

USDJPY had a strong bullish move yesterday as it crossed the 104.50 handle yesterday and remained strong towards the end of the trading session. The pair is trading above its 100day SMA of 102.16 and some bearish correction is expected later today. The near term bias is Bearish with targets of 104 to 103.50

STOCH (9, 6), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 103.54 while Resistance is at 104.83 and 104.98

13th July 2016 – 08:32hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 14th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it crossed 1.1100 handle and since then it has entered into a phase of consolidation. The pair is trading above its 100 day SMA of 1.1071 and the short term bias remains on the upside. The near term bias is Bullish with targets of 1.1150

RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCH (9, 6) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.1098 while Resistance is at 1.1120 and 1.1130

14th July 2016 – 09:40hrs GMT

GBPUSD

GBPUSD had a bearish momentum yesterday as it could not sustain its bullish moves above 1.3300 and pulled back below 1.3150 levels towards the end of the trading session. Today Cable is trading in a Bullish tone as it crossed 1.3200 handle and is trading above its 100day SMA of 1.3097 in the European trading session. The near term bias is Bullish with targets of 1.3350

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.3192 while Resistance is at 1.3258 and 1.3273

14th July 2016 – 09:50hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 14th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a low of 0.7576 and a high of 0.7636 towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7584 and the near term bias is Bullish with targets of 0.7700

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 0.7593 while Resistance is at 0.7642 and 0.7647

14th July 2016 – 09:55hrs GMT

USDJPY

USDJPY was indecisive yesterday and traded in a zigzag pattern towards the end of the trading session. Today the pair is moving in a strong bullish momentum and managed to cross 105.80 levels. The pair is trading above its 100day SMA of 103.12 and some pullback is expected later today. The near term bias is Bullish with targets of 106 to 106.50

STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 105.24 while Resistance is at 105.86 and 106.02

14th July 2016 – 10:00hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 15th July, 2016
By FxGrow Research & Analysis Team

The EURUSD gained ahead of US CPI data

The EURUSD traded higher staying above 1.1100 area on speculations of a drawdown in the core rate of inflation. The EURUSD advanced and gained traction on expectations that weak US economic data will affect Fed hiking rate decision negatively and therefore raises Fed scope to delay interest rate hike for December, and breaking 1.1170 will pave the way through 1.1200 zone to touch 1.1218 and 1.1260.

However, the EURUSD weakens after “BREXIT” vote and remains in a down trend awaiting further ECB easing decisions, and a bear flag will be confirmed as the EURUSD cuts 1.1100 to touch near-term support levels at 1.1055, 1.1005 and 1.0970.

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 Support]

FxGrow Daily Technical Analysis – 18th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD could not sustain its bullish moves last week and has opened this week lower trading below the 1.1100 handle in the European trading session. The pair is trading below its 100 day SMA of 1.1089 and the short term bearish formations are in place. The near term bias is Bearish with targets of 1.1000

RSI (14), STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, MA100 indicate a SELL; CCI (14) is Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.1034 while Resistance is at 1.1111 and 1.1130

18th July 2016 – 11:15hrs GMT

GBPUSD

GBPUSD could not sustain its bullish moves last week and closed below the 1.3200 handle. The pair is trading in a Neutral state since it opened today and the long term bearish correction will continue. Cable is trading below its 100day SMA of 1.3259 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.3150

RSI (14), CCI (14) is Neutral; STOCH (9, 6), STOCHRSI (14), MACD (12, 26), Ultimate Oscillator indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 1.3131 while Resistance is at 1.3338 and 1.3480

18th July 2016 – 11:25hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 18th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish last week and closed below the 0.7600 handle. The AUDUSD has opened lower and is trading in a Neutral state in the European trading session. Aussie is trading below its 100 day SMA of 0.7618 and the near term bias is Neutral to Bearish with targets of 0.7530

RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), ROC, MA100 indicate a SELL; CCI (14) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 0.7577 while Resistance is at 0.7600 and 0.7607

18th July 2016 – 11:35hrs GMT

USDJPY

USDJPY was bullish last week and opened this week lower below the 105 handle. The USDJPY has recovered its early morning weakness and is now trading above its 100day SMA of 105.06 in the European trading session. The near term bias is Neutral to Bullish with targets of 106

RSI (14), STOCH (9, 6) are Neutral; , MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 105.04 while Resistance is at 105.93 and 106.31

18th July 2016 – 11:45hrs GMT

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 Support]

FxGrow Daily Technical Analysis – 19th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a low of 1.1024 and a high of 1.1081 towards the end of the trading session. The pair is trading below its 100 day SMA of 1.1088 and the overall outlook remains bearish. The near term bias is Neutral to Bearish with targets of 1.1000 to 1.0950

MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; RSI (14), STOCHRSI (14) are Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.1042 while Resistance is at 1.1084 and 1.1099

19th July 2016 – 09:35AM ( UTC)

GBPUSD

GBPUSD was indecisive yesterday as it touched a low of 1.3192 and a high of 1.3307 towards the end of the trading session. Cable was unable to break above the 1.3400 levels and came down below its 100day SMA of 1.3259 in the European trading session. The near term bias is Bearish with targets of 1.3100

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.3171 while Resistance is at 1.3264 and 1.3314

19th July 2016 – 10:00AM (UTC)

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 Support]

FxGrow Daily Technical Analysis – 21st July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was mild bullish yesterday and today it is continuing in the same uptrend. A bullish breakout above 1.1100 is expected in the US trading session. EURUSD is trading just below its 100 day SMA of 1.1047 and the near term bias is Neutral to Bullish with targets of 1.1080 to 1.1100

STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; RSI (14) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.1009 while Resistance is at 1.1041 and 1.1057

21st July 2016 – 08:42AM (UTC)

GBPUSD

GBPUSD was bullish yesterday and today it continues its bullish trend crossing 1.3250 today. Now the pair has started to decline and inverted head and shoulders pattern is seen. A short term Bullish correction above 1.3400 is expected before the weekly closing. GBPUSD is trading below its 100day SMA of 1.3209 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3250 to 1.3300

STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a BUY; RSI (14) is Neutral; while Average True Range (14) indicates High Volatility.

Support is at 1.3119 while Resistance is at 1.3274 and 1.3283

21st July 2016 – 08:55AM (UTC)

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 Support]

FxGrow Daily Technical Analysis – 21st July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a high of 0.7516 and a low of 0.7462 towards the end of the trading session. The AUDUSD has started to move in an uptrend today crossing 0.7480 levels in the European trading session. The pair is trading below its 100 day SMA of 0.7540 and bullish correction is expected in the US trading session. The near term bias is Bullish with targets of 0.7550

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 0.7472 while Resistance is at 0.75040 and 0.7515

21st July 2016 – 09:00AM (UTC)

USDJPY

USDJPY was bullish yesterday as it crossed the 107 handle and today it managed to touch a high of 107.48 after which it has started to decline and is now trading at 106 levels. The USDJPY has now come into a Neutral state with some consolidation seen in the US trading session. The near term bias is Neutral with consolidation towards 106.50

STOCH (9, 6), MACD (12, 26) is Neutral; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates High Volatility.

Support is at 105.84 while Resistance is at 106.67 and 107.29

21st July 2016 – 09:08AM (UTC)


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 Support]

FxGrow Daily Technical Analysis – 22nd July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a high of 1.1057 and a low of 1.0979 towards the end of the trading session. EURUSD is trading just below its 100 day SMA of 1.1032 and short term upwards correction is expected in the US trading session. The near term bias is Neutral to Bullish with targets of 1.1050 to 1.1070

RSI (14), STOCH (9, 6), CCI (14), are Neutral; MACD (12, 26), ADX (14), ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 1.0979 while Resistance is at 1.1031 and 1.1045

22nd July 2016 – 07:35AM (UTC)

GBPUSD

GBPUSD was indecisive yesterday as it touched a high of 1.3267 and a low of 1.3163 and is today trading in a bullish overtone above 1.3240 levels. Intraday Bullish correction is possible with the pair testing 1.3300 in the US trading session. GBPUSD is trading above its 100day SMA of 1.3196 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3300

RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.3205 while Resistance is at 1.3274 and 1.3286

22nd July 2016 – 08:01AM (UTC)

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.