Daily Technical Analysis by FxGrow

[FxGrow Support]

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

EURUSD

EURUSD was bearish last week and came down below 1.1100 handle to touch a low of 1.1045 towards the end of the trading session. Euro is moving in a consolidation phase today and is now trading below its 100day SMA of 1.1151 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.1050

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

Support is at 1.1072 while Resistance is at 1.1130 and 1.1155

08th Aug 2016 – 10:07AM (UTC)

GBPUSD

GBPUSD was bearish last week as it came down below 1.3150 handle and remained weak towards the end of the trading session. Cable is moving in a bearish phase today and is now trading below its 100day SMA of 1.3212 in the European trading session. The near term bias is Bearish with targets of 1.3000

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

Support is at 1.3025 while Resistance is at 1.3060 and 1.3082

08th Aug 2016 – 10:13AM (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 – 08th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish last week as it touched a high of 0.7663 but came down on Friday below the 0.7600 handle and remained weak towards the end of the trading session. AUDUSD is moving in a bullish tone today and is now trading above its 100day SMA of 0.7612 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7700

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

Support is at 0.7606 while Resistance is at 0.7637 and 0.7664

08th Aug 2016 – 10:20AM (UTC)

USDJPY

USDJPY was indecisive last week as it touched a high of 102.82 and a low of 100.67 and recovered on Friday closing above the 101.50 handle towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading above its 100day SMA of 101.38 in the European trading session. The near term bias is Bullish with targets of 103

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

Support is at 102.16 while Resistance is at 102.58 and 102.70

08th Aug 2016 – 10:28AM (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 – 09th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a high of 1.1104 and a low of 1.1072 remaining weak towards the end of the trading session. Euro is moving in a mild bullish tone today and is now trading below its 100day SMA of 1.1120 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1135

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

Support is at 1.1072 while Resistance is at 1.1098 and 1.1122

09th Aug 2016 – 09:47AM (UTC)

GBPUSD

GBPUSD was bearish yesterday as it came down below 1.3050 handle and touched a low of 1.3029 remaining weak towards the end of the trading session. Cable is moving in a bearish phase today and is now trading below its 100day SMA of 1.3147 in the European trading session. The near term bias is Bearish with targets of 1.2925

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

Support is at 1.2966 while Resistance is at 1.3056 and 1.3064

09th Aug 2016 – 09:50AM (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 – 09th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it touched a high of 0.7671 and remained firm towards the end of the trading session. AUDUSD is moving in a bullish tone today after touching an intraday low of 0.7621 and is now trading above its 100day SMA of 0.7624 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7700

RSI (14), STOCHRSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; while Average True Range (14) indicates High Volatility.

Support is at 0.7621 while Resistance is at 0.7664 and 0.7672

09th Aug 2016 – 09:55AM (UTC)

USDJPY

USDJPY was bullish yesterday as it crossed the 102.50 handle and remained strong towards the end of the trading session. Dollar-Yen is moving in a zigzag pattern today and is now trading above its 100day SMA of 101.67 in the European trading session. The near term bias is Neutral to Bearish with targets of 102

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

Support is at 101.97 while Resistance is at 102.41 and 102.65

09th Aug 2016 – 10:01AM (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.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 10th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it crossed the 1.1100 handle and remained strong towards the end of the trading session. Euro is moving in a bullish momentum today and is now trading above its 100day SMA of 1.1109 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1250

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

Support is at 1.1135 while Resistance is at 1.1151 and 1.1180

10th Aug 2016 – 10:04AM (UTC)

GBPUSD

GBPUSD was bearish yesterday as it came down below 1.3000 handle and touched a low of 1.2960 remaining weak towards the end of the trading session. Cable is moving in a bullish tone having touched an intraday high of 1.3089 and is now trading below its 100day SMA of 1.3070 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3100

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

Support is at 1.3022 while Resistance is at 1.3066 and 1.3088

10th Aug 2016 – 10:10AM (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 – 10th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it touched a high of 0.7686 and remained firm towards the end of the trading session. AUDUSD is moving in a bullish tone today after touching an intraday high of 0.7727 and is now trading above its 100day SMA of 0.7646 in the European trading session. The near term bias is Bullish with targets of 0.7760

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

Support is at 0.7664 while Resistance is at 0.7737 and 0.7745

10th Aug 2016 – 10:14AM (UTC)

USDJPY

USDJPY was bearish yesterday as it came down below 102 handle and remained towards the end of the trading session. Dollar-Yen is moving in a bearish momentum today and is now trading below its 100day SMA of 101.79 in the European trading session. The near term bias is Neutral to Bearish with targets of 100.50

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

Support is at 101.12 while Resistance is at 101.57 and 101.66

10th Aug 2016 – 10:20AM (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 – 11th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it crossed the 1.1150 handle and touched an intraday high of 1.1189 remaining strong towards the end of the trading session. Euro is moving in a bearish tone today and is now trading above its 100day SMA of 1.1118 in the European trading session. The near term bias is Bearish with targets of 1.1100

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

Support is at 1.1136 while Resistance is at 1.1150 and 1.1159

11th Aug 2016 – 10:22AM (UTC)

GBPUSD

GBPUSD was bullish yesterday as it crossed the 1.3050 handle and touched a high of 1.3093 but came down below 1.3000 towards the end of the trading session. Cable is moving in a bearish tone and is now trading below its 100day SMA of 1.3036 in the European trading session. The near term bias is Bearish with targets of 1.2900

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

Support is at 1.2935 while Resistance is at 1.3056 and 1.3064

11th Aug 2016 – 10:30AM (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 – 11th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it touched a high of 0.7754 but came down to touch 0.7700 levels towards the end of the trading session. AUDUSD is moving in a zigzag pattern today and is now trading above its 100day SMA of 0.7666 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7770

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

Support is at 0.7691 while Resistance is at 0.7722 and 0.7736

11th Aug 2016 – 10:36AM (UTC)

USDJPY

USDJPY was bearish yesterday as it came down below 101 handle and remained weak towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading below its 100day SMA of 101.81 in the European trading session. The near term bias is Neutral to Bullish with targets of 101.80

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

Support is at 100.96 while Resistance is at 101.44 and 101.57

11th Aug 2016 – 10:42AM (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 – 11th Aug, 2016
By FxGrow Research & Analysis Team

XAUUSD[Gold]

XAUUSD was bullish yesterday as it touched a high of 1356.40 but could not sustain to its bullish moves and came down below 1350 handle towards the end of the trading session. Gold is moving in a consolidation phase today and is now trading below its 100day SMA of 1348.02 in the European trading session. The near term bias is Neutral to Bullish with targets of 1350

RSI (14), CCI (14) is Neutral; STOCH (9, 6), Ultimate Oscillator, ROC, MA100 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1340.18 while Resistance is at 1351.61 and 1352.91

11th Aug 2016 – 10:52AM (UTC)

XAGUSD[Silver]

XAGUSD was bullish yesterday as it touched a high of 20.45 but came down to touch a low of 20.09 towards the end of the trading session. Silver is moving in a mild bullish tone today after touching an intraday low of 20.00 and is now trading above its 100day SMA of 19.96 in the European trading session. The near term bias is Bullish with targets of 20.50

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

Support is at 19.95 while Resistance is at 20.33 and 20.48

11th Aug 2016 – 11:00AM (UTC)

USOil.cfd

US Oil was bullish yesterday as it touched a high of 43.37 but came down to touch low of 41.39 towards the end of the trading session. US Oil is moving in a mild bullish tone today after touching an intraday high of 0.7727 and is now trading below its 100day SMA of 42.24 in the European trading session. The near term bias is Neutral to Bullish with targets of 42.40

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

Support is at 41.39 while Resistance is at 42.08 and 42.40

11th Aug 2016 – 11:06AM (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 – 12th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a high of 1.1190 and a low of 1.1136 towards the end of the trading session. Euro is moving in a zigzag pattern today and is now trading above its 100day SMA of 1.1130 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1200

STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; RSI (14) is Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.1131 while Resistance is at 1.1159 and 1.1164

12th Aug 2016 – 10:18AM (UTC)

GBPUSD

GBPUSD was bearish yesterday as it touched a low of 1.2935 and remained weak towards the end of the trading session. Cable is moving in a zigzag pattern today and is now trading below its 100day SMA of 1.3006 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.2900

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

Support is at 1.2935 while Resistance is at 1.2978 and 1.2991

12th Aug 2016 – 10:25AM (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 – 12th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a low of 0.7692 and a high of 0.7723 towards the end of the trading session. AUDUSD is moving in a mild bearish tone and is now trading above its 100day SMA of 0.7683 in the European trading session. The near term bias is Neutral to Bearish with targets of 0.7630

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

Support is at 0.7670 while Resistance is at 0.7691 and 0.7723

12th Aug 2016 – 10:30AM (UTC)

USDJPY

USDJPY was bullish yesterday as it crossed 102 handle towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading below its 100day SMA of 101.83 in the European trading session. The near term bias is Neutral to Bullish with targets of 102.60

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

Support is at 101.66 while Resistance is at 102.25 and 102.41

12th Aug 2016 – 10:35AM (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 – 12th Aug, 2016
By FxGrow Research & Analysis Team

XAUUSD[Gold]

XAUUSD was bullish yesterday as it touched a high of 1350.76 but could not sustain to its bullish moves and came down below 1350 handle to touch lows of 1340.82 towards the end of the trading session. Gold is moving in a consolidation phase today and is now trading below its 100day SMA of 1346.83 in the European trading session. The near term bias is Bearish with targets of 1330

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

Support is at 1334.84 while Resistance is at 1344.78 and 1346.11

12th Aug 2016 – 10:40AM (UTC)

XAGUSD[Silver]

XAGUSD was mild bullish yesterday as it touched a high of 20.31 but came down to touch a low of 19.92 towards the end of the trading session. Silver is moving in a mild bearish tone today and is now trading above its 100day SMA of 19.97 in the European trading session. The near term bias is Bearish with targets of 19.60

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

Support is at 19.64 while Resistance is at 19.89 and 20.02

12th Aug 2016 – 10:45AM (UTC)

USOil.cfd

US Oil was bullish yesterday as it touched a high of 43.28 and remained strong towards the end of the trading session. US Oil is moving in a mild bearish tone today after touching an intraday high of 44.14 and is now trading above its 100day SMA of 42.62 in the European trading session. The near term bias is Bullish with targets of 44.00

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

Support is at 42.49 while Resistance is at 44.14 and 44.28

12th Aug 2016 – 10:50AM (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 – 15th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish last week as it touched a high of 1.2121 but could not sustain to its bullish moves and came down to touch lows of 1.1158 remaining weak towards the end of the closing session. Euro is moving in a zigzag pattern today and is now trading above its 100day SMA of 1.11510 in the European trading session. The near term bias is Bullish with targets of 1.1210

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

Support is at 1.1144 while Resistance is at 1.1191 and 1.1217

15th Aug 2016 – 11:54AM (UTC)

GBPUSD

GBPUSD was bearish last week as it touched a low of 1.2901 and remained weak towards the end of the trading session. Cable is moving in a mild bearish tone today and is now trading just above its 100day SMA of 1.2981 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.2820

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

Support is at 1.2900 while Resistance is at 1.2943 and 1.2955

15th Aug 2016 – 11:59AM (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 – 15th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive last week as it touched a high of 0.7753 and a low of 0.7598 having pared the gains towards the closing session. AUDUSD is moving in a mild bearish tone after touching an intraday low of 0.7642 and is now trading above its 100day SMA of 0.7688 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7725

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

Support is at 0.7637 while Resistance is at 0.7676 and 0.7680

15th Aug 2016 – 12:05AM (UTC)

USDJPY

USDJPY was bearish last week as it came down below 101 handle and remained weak towards the end of the closing session. Dollar-Yen is moving in a mild bearish tone today after having touched an intraday high of 101.44 and is now trading below its 100day SMA of 101.51 in the European trading session. The near term bias is Bearish with targets of 100.50

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

Support is at 100.86 while Resistance is at 101.24 and 101.45

15th Aug 2016 – 12:09AM (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 – 15th Aug, 2016
By FxGrow Research & Analysis Team

XAUUSD[Gold]

XAUUSD was indecisive last week as it touched a low of 1329.99 and a high of 1356.67 towards the end of the closing session. Gold is moving in a consolidation phase today and is now trading below its 100day SMA of 1348.31 in the European trading session. The near term bias is Neutral with sideways moves expected.

Support is at 1333.96 while Resistance is at 1346.45 and 1348.65

15th Aug 2016 – 12:15AM (UTC)

XAGUSD[Silver]

XAGUSD was indecisive last week as it touched a low of 19.58 and a high of 20.48 coming down towards the end of the closing session. Silver is moving in a consolidation phase today and is now trading below its 100day SMA of 19.99 in the European trading session. The near term bias is Neutral

Support is at 19.65 while Resistance is at 19.86 and 20.00

15th Aug 2016 – 12:18AM (UTC)

USOil.cfd

US Oil was bullish last week as it crossed the 44 handle and remained strong towards the closing session. US Oil is moving in a consolidation phase today and is now trading above its 100day SMA of 43.10 in the European trading session. The near term bias is Neutral

Support is at 44.47 while Resistance is at 44.85 and 44.95

15th Aug 2016 – 12:23AM (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 – 16th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was in a consolidation phase yesterday and remained above the 1.1150 handle towards the end of the trading session. Euro is moving in a strong bullish momentum having touched a top of 1.1322 and is now trading above its 100day SMA of 1.1175 in the European trading session. The near term bias is Bullish with targets of 1.1350

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

Support is at 1.1197 while Resistance is at 1.1322 and 1.1326

16th Aug 2016 – 13:34AM (UTC)

GBPUSD

GBPUSD was bearish yesterday as it touched a low of 1.2866 and remained weak towards the end of the trading session. Cable is moving in a bullish tone today having already crossed 1.2980 levels and is now trading above its 100day SMA of 1.2952 in the European trading session. The near term bias is Bullish with targets of 1.3030

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), MA100 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 1.2865 while Resistance is at 1.3011 and 1.3075

16th Aug 2016 – 13:37AM (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 – 16th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was mildly bullish yesterday as it touched a top of 0.7690 and remained firm towards the end of the trading session. AUDUSD is moving in a mild bearish tone after having touched an intraday high of 0.7729 and is now trading just below its 100day SMA of 0.7691 in the European trading session. The near term bias is Neutral

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

Support is at 0.7670 while Resistance is at 0.7744 and 0.7792

16th Aug 2016 – 13:50AM (UTC)

USDJPY

USDJPY was indecisive yesterday as it remained flat towards the end of the trading session. Dollar-Yen had a strong bearish momentum today as it touched a low of 99.54 but has since then recovered and is now trading below its 100day SMA of 101.26 in the European trading session. The near term bias is Bearish with targets of 99.50

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

Support is at 99.54 while Resistance is at 100.68 and 100.83

16th Aug 2016 – 13:55AM (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 – 16th Aug, 2016
By FxGrow Research & Analysis Team

XAUUSD[Gold]

XAUUSD was indecisive yesterday and remained flat towards the end of the trading session. Gold is moving in a bearish tone after having touched an intraday high of 1358 and is now trading below its 100day SMA of 1349.08 in the European trading session. The near term bias is Bearish with targets of 1330

RSI (14), CCI (14), Ultimate Oscillator, MA100 indicate a SELL; STOCHRSI (14) is Oversold; STOCH (9, 6) is Neutral; while Average True Range (14) indicates High Volatility.

Support is at 1334.84 while Resistance is at 1361.71 and 1373.96

16th Aug 2016 – 14:00AM (UTC)

XAGUSD[Silver]

XAGUSD was indecisive yesterday as it touched a low of 19.70 and a high of 20.04 towards the end of the trading session. Silver is moving in a strong bearish momentum after having touched an intraday high of 20.10 and is now trading below its 100day SMA of 19.99 in the European trading session. The near term bias is Bearish with targets of 19.50

RSI (14), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a SELL; STOCHRSI (14) is Oversold; ADX (14) is Neutral; while Average True Range (14) indicates High Volatility.

Support is at 19.51 while Resistance is at 19.87 and 20.06

16th Aug 2016 – 14:07AM (UTC)

USOil.cfd

US Oil was bullish yesterday as it crossed the 45.50 handle and remained firm towards the end of the trading session. US Oil is moving in a bullish tone as it touched an intraday high of 46.14 and is now trading above its 100day SMA of 43.82 in the European trading session. The near term bias is Bullish with targets of 46.50

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

Support is at 45.55 while Resistance is at 46.07 and 46.43

16th Aug 2016 – 14:13AM (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 – 17th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it touched a high of 1.1322 and remained firm towards the end of the trading session. Euro is moving in a consolidation phase today and is now trading above its 100day SMA of 1.1198 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1350

RSI (14), MACD (12, 26), ADX (14), MA100 indicate a BUY; STOCH (9, 6), STOCHRSI (14), CCI (14) are Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.1233 while Resistance is at 1.1322 and 1.1326

17th Aug 2016 – 13:02AM (UTC)

GBPUSD

GBPUSD was bullish yesterday as it touched a high of 1.3050 and remained firm towards the end of the trading session. Cable is moving in a bullish tone today as it touched an intraday high of 1.3068 and is now trading above its 100day SMA of 1.2956 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3100

RSI (14), MACD (12, 26), ADX (14), MA100 indicate a BUY; CCI (14) is Neutral; while Average True Range (14) indicates High Volatility.

Support is at 1.2955 while Resistance is at 1.3056 and 1.3064

17th Aug 2016 – 13:07AM (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 – 17th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a low of 0.7654 and a high of 0.7738 towards the end of the trading session. AUDUSD is moving in a bearish tone and is now trading below its 100day SMA of 0.7681 in the European trading session. The near term bias is Bearish with targets of 0.7580

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

Support is at 0.7615 while Resistance is at 0.7676 and 0.7680

17th Aug 2016 – 13:14AM (UTC)

USDJPY

USDJPY was bearish yesterday as it touched a low of 99.58 after which it recovered towards the end of the trading session. Dollar-Yen is moving in a consolidation phase after having touched an intraday high of 101.16 and is now trading below its 100day SMA of 101.08 in the European trading session. The near term bias is Neutral

Support is at 99.98 while Resistance is at 100.83 and 100.86

17th Aug 2016 – 13:18AM (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.