FxGrow Support Posted November 27, 2015 Author Report Share Posted November 27, 2015 FxGrow Daily Technical Analysis – 27th Nov, 2015By FxGrow Research & Analysis TeamEURJPY - this year's lows at the viewfinder of supply Since half year price moves in downward trend. On last Friday supply break below important support at 131.00 level. Today EURJPY drop below 130.00. Nearest target of declines is level 128.80. Below it is strong support at 127.20 level. Currently it is more likely if there won't be any macro data which could make upward movement, only 127.20 level could make a rebound.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted November 27, 2015 Author Report Share Posted November 27, 2015 FxGrow Daily Technical Analysis – 27th Nov, 2015By FxGrow Research & Analysis TeamEURGBP - two weeks in consolidation of range 100 pips EURGBP moves in consolidation after strong wave of sell-off started on mid-October. Price moves between 0.7080 - 0.6980. If price break below support at 0.6980 level next support is low from this year's July 0.6935. After its break, next support is at 0.6600 level, which was in the game in 2004 - 2007 years. However if supply will be strong enough and 0.7080 level will be break above, next supports are at levels: 0.7100, range: 0.7130 - 0.7150, 0.7200. For 6 years EURGBP moves in strong downward trend. The next lower lows and lower highs are break by corrections and it confirms current downward trend. Therefore there is more likely break below from the lower limit of that consolidation.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 1, 2015 Author Report Share Posted December 1, 2015 FxGrow Daily Technical Analysis – 30th Nov, 2015By FxGrow Research & Analysis TeamEURCAD - close to break below support Since 2012 there is a huge volatility at EURCAD. Clear trends last many months, and later there is no consolidation, but new dynamic trends. Since August 2015 from 1.5560 level there is a downward move, which currently approaches fibo 61.8% level. At that level fibo 61,8% coincides with support and round 1.4000. Test of that level should occur during few next sessions. That level will be a good moment for price to rebound. Even if rebound will not be very strong, it still should occur. Nearest resistances: 1.4260, 1.4360, 1.4550, 1.4640. However if rebound will be too weak and pointed supports will be broken, next base level for bulls can be found at: 1.3760, 1.3560, 1.3400, 1.3230, 1.3100For 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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 1, 2015 Author Report Share Posted December 1, 2015 FxGrow Daily Technical Analysis – 01st Dec, 2015By FxGrow Research & Analysis TeamAUDCAD - break above strong resistance, nearest target 0.9750 Today AUDCAD break above strong resistance at 0.9660 and with strong upward candle moving toward next resistance. So high was for the last time in August 2015. During few next sessions it could be a withdrawal and descent should be stopped at new support 0.9660. If another resistance will be break above next base level for bulls can be found at: 0.9870 but it will be hard what I show below.Wider view, time-frame W1 Since march 2014 AUDCAD moves in downward trend what confirms lower highs and lower lows. However since September 2015 there is a rebound, which is moving to resistance coincides with fibo 50% and downtrend line. Pointed level which should stopped upward movement is 0.9750. Its easy break above will not be easy and should be preceded by consolidation, otherwise the price can quickly return to a downtrend.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 2, 2015 Author Report Share Posted December 2, 2015 FxGrow Daily Technical Analysis – 01st Dec, 2015By FxGrow Research & Analysis TeamEURUSD - moves up after macro data Surprising data from the US economy cause dynamic upward movement at EURUSD. The ISM index was lower than forecasts. Instead of the expected 50,4 index dropped to 46,6 which means entry into the recession zone. Currently EURUSD moves under low volatility and since 1,5 months there wasn't bigger rebound. Also price rebounded today from 1.0570 level which is the last support before this year's low. This all may indicate that it's time for an upward correction. Targets for the bulls are located at: 1.0640, 1.0690, 1.0760. Stronger upward movement is currently unlikely until Thursday, when ECB meeting takes place. The market expects further easing of monetary policy, and this should lead to further declines in EURUSD.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 2, 2015 Author Report Share Posted December 2, 2015 FxGrow Daily Technical Analysis – 02nd Dec, 2015By FxGrow Research & Analysis TeamEURNZD - return to downward trend Yesterday EURNZD broke below important support. This means six months of upward movement has been wrecked. It is worth noticing, that in long term price moves in downward trend. However last dynamic upward movement (observed in August) ended with a very long upper shadow (visible on a monthly time-frame). Currently there could be a rebound to support at 1.6040. That rebound should begin from next support at 1.5820 or from a current level. After price behavior at 1.6040 we should be able to forsee EURNZD further directions. More likely and in line with main trend is return to declines. Nearest supports: 1.5820, 1.5660, 1.5400, 1.5000. Nearest resistances: 1.6040, 1.6210, 1.6350, 6500.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 2, 2015 Author Report Share Posted December 2, 2015 FxGrow Daily Technical Analysis – 02nd Dec, 2015By FxGrow Research & Analysis TeamGBPUSD – attempts of support defense at 1.5000 level' GBPUSD began this week at new 6-months low. And today after one-session break, price deepened the low. If support at 1.5000 breaks, nearest target will be at: 1.4740 and next at area 1.4600-1.4565 which is a 5-year low. Alternatively if rebound occurs, the next resistances will be at: 1.5120, 1.5240, 1.5370. Perspective of the first rate hike in USA causes the dollar strengthening against most of the currencies. Further direction of GBPUSD movement is dependent on Friday's Non-farm Payrolls.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 3, 2015 Author Report Share Posted December 3, 2015 FxGrow Daily Technical Analysis – 03rd Dec, 2015By FxGrow Research & Analysis TeamUSDJPY - another attempt of breaking above consolidation upper limit Since a month USDJPY moves in a consolidation between 122.20 - 123.60, yesterday we saw an unsuccessful attempt of breaking above consolidation upper limit. That breakout may occur today, after ECB meeting or tomorrow after Non-farm Payrolls. If upper limit of consolidation breaks, next resistances will be seen near: 124.40, 125.10. Alternatively if price moves down next supports will be at levels: 121.40, 120.30, 118.80. In a long term, since 2012 USDJPY moves in an uptrend. However since six months we did not see a new high. It is possible that the correction is coming to an end which is currently more likely than trend reversal. Breaking above year-to-date high (125.85) will signal that price returned to an uptrend.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 3, 2015 Author Report Share Posted December 3, 2015 FxGrow Daily Technical Analysis – 03rd Dec, 2015By FxGrow Research & Analysis TeamEURUSD - earth quake after ECB meeting Today ECB meeting took place. Expectations about further easing monetary policy were huge and… have failed. Also in the previous analysis I have indicated the possibility of rebound, I wrote: "Currently EURUSD moves under low volatility and since 1,5 months there wasn't bigger rebound", "this all may indicate that it's time for an upward correction. Targets for the bulls are located at: 1.0640, 1.0690, 1.0760". After the ECB decision and press conference by Mario Draghi, EURUSD made unpredictable upward move of 371 pips in 1,5 hours. Firstly support at 1.0520 was tested, and nextly price reached resistance at 1.0890 level which is strengthen by Fibonacci 38,2% of last downward movement. Tomorrow will be another important event - non-farm payrolls - and reaction to it could be also violent. If upward movement will be continued next resistances are located at: 1.1000, 1.1120. If price will return to declines next supports are at 1.0810, 1.0690.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 4, 2015 Author Report Share Posted December 4, 2015 FxGrow Daily Technical Analysis – 04th Dec, 2015By FxGrow Research & Analysis TeamEURAUD - dynamic upward movement, but this is only a correction Since August 2015 EURAUD moves in downward trend. Yesterday price dynamically rebounded from support area 1.4350 and within a few hours made upward movement (620 pips). Awaken expectations after Thursday ECB meeting helped here a lot: central bank didn't extend QE program what was expected. However market overreacted and that was caused not due to the lack of correction for a long time but due to the ECB. Current rebound has to be treated just like a correction before new wave of falls. Today price reached Fibonnaci 23,6% 1.4870 and resistance 1.4990. But rebound can reach higher, good level is Fibonacci 38,2% at 1.5200. Don't forget about today's very important data from US economy which may cause volatility on the market (similiar to the yesterday's one).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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 4, 2015 Author Report Share Posted December 4, 2015 FxGrow Daily Technical Analysis – 04th Dec, 2015By FxGrow Research & Analysis TeamAUDUSD - highest since August 2015 Today one of the most volatile currency was AUDUSD. Despite today's non-farm payrolls market behaved calmly. Reading was in line with forecasts and reaction wasn't too big. AUDUSD within 15 minutes reached to December's low and rebounded. An hour later price broke above December's high. In a long term there is downtrend so you may want to look into resistances. Rebound from one of them should bring new wave of falls. Next resistances are at levels: 0.7380, 0.7600, 0.7800, 0.7900. Only break above 0.8000 will give a chance to trend reversal. Current rebound has a chance to reach Fibonacci 38.2% level (0.7000) which is supported by resistance. If one of that resistances cause rebound nearest target of falls are at 0.7020, 0.6900.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 8, 2015 Author Report Share Posted December 8, 2015 FxGrow Daily Technical Analysis – 08th Dec, 2015By FxGrow Research & Analysis TeamCADJPY - on its way to support at 88.90 Today CADJPY broke below support at 90.70 level. Currently declines stopped at weak support at 90.10 and we should see a return movement attempts. If price will move back above 90.70 today's movement will be a false breakout and next targets for upward movement will be the levels 91.20, 91.80, 92.40. More likely scenario is rebound - if price could reach 90.70. Since August 25 CADJPY moves in consolidation between 93.00, 88.90. Last time at November 19 price tested upper limit of consolidation so there is a huge probability that right now lower limit of consolidation 88.90 will be tested. Breaking one of the pointed levels will give us a confirmation of consolidation end.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 9, 2015 Author Report Share Posted December 9, 2015 FxGrow Daily Technical Analysis – 09th Dec, 2015By FxGrow Research & Analysis TeamAUDJPY - correction in upward trend In last week 90.40 level was tested and caused rebound. Yesterday price broke below support at 89.60 level (visible at daily time-frame) and currently price will test next support 88.00. On the way there is an uptrend line, however it is more likely that price will test 88.00 and rebound after it. If supply will be strong enough another strong support is at 86.20 level.Wider view, time-frame D1 Since the beginning of September 2015 AUDJPY moves in an uptrend. Last week price with strong candle broke above 89.60 level. However current week began and continues as a correction. It is likely that 88.00 could be a good level for a rebound. AUDJPY is characterized by high volatility and until there are higher highs and higher lows at daily time-frame declines should be seen as a correction in an uptrend.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 9, 2015 Author Report Share Posted December 9, 2015 FxGrow Daily Technical Analysis – 09th Dec, 2015By FxGrow Research & Analysis TeamUSDJPY - monthly support has been broken Since last month USDJPY moves in a narrow consolidation between 122.30 - 123.60. Today demand gave up after 4 defenses of support at 122.30 level. Currently return movement to the broken support is very likely. The behavior of price in this area will determine the future direction of the movement. If price will go back to consolidation, movement to 123.60 level should be easy. However if supply will confirm today's breakout, nearest target of falls is 121.45 level. Further targets for the supply were pointed below on the higher time-frame.Wider view, time-frame W1 Since 2012 USDJPY moves in an uptrend. Trend is strong, what is confirmed by the fact that for more than a year uptrend line hasn't been tested (dotted line on the chart below). If declines will still continue, next strong supports are at levels: area 119.00 (trend line reinforced by support), 116.00 (strong support).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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 10, 2015 Author Report Share Posted December 10, 2015 FxGrow Daily Technical Analysis – 10th Dec, 2015By FxGrow Research & Analysis TeamNZDUSD - upward movement after RBNZ decision Yesterday Reserve Bank of New Zealand announced its interest rate decision. As forecasted, main rate was reduced. This caused volatility on the NZDUSD. First, price false broke below support at 0.6610 and second dynamic upward candle reached to 0.6780 level. Further attempt to break above indicated resistance and upward movement to 0.6850 is very likely.Wider view, time-frame D1 Since 5 months NZDUSD moves in consolidation between 0.6260 - 0.6850. Last time lower limit of the consolidation was tested in September 2015. Currently price approaches range upper limit. However price still stays below downtrend line and that suggests return to declines in the future. Right now break above 0.6900 will change sentiment and gives a hope to trend reversal.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 10, 2015 Author Report Share Posted December 10, 2015 FxGrow Daily Technical Analysis – 10th Dec, 2015By FxGrow Research & Analysis TeamGBPCHF - high volatility under the influence of central banks Today at GBPCHF traders that were range-trading should earn a lot. Those ones who waited for a range breakout might dent their deposits. In the morning SNB took a decision on interest rates. Interest rates remained at the same level. GBPCHF failed to break above resistance and rebounded. After that it reached a daily low. Demand was supported by Bank of England and here interest rates were also unchanged what brought another upward impuls.Time-frame M30: If break above 1.5000 level will succeed target for upward movement is at 1.5070. Only above this level it will prove whether this rebound is likely to be a new uptrend. But if new wave of fall activates, the nearest strong support is at 1.4890 level.Time-frame M30: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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 11, 2015 Author Report Share Posted December 11, 2015 FxGrow Daily Technical Analysis – 11th Dec, 2015By FxGrow Research & Analysis TeamEURUSD - markets awaits FED decision After last week's fast upward movement, in current week demand does not give up. On Wednesday we saw a test of 50% fibo level of the previous downward movement. After that there was a shallow correction. Currently, upward movement continues and it is likely that high from last days will be exceeded. Next Wednesday investors will know the FED decision on interest rates. If there won't be a first hike it will be a big surprise for the markets. From the fundamental side there is a divergence between the central banks policy which should result in a further weakening of the euro against the dollar. However the decision is not yet published and technically EURUSD has a chance to test the 61,8% fibo level, which is located in the area 1.1120. That level is also strengthened by resistance. Nearest resistances: 1.1030, 1.1120. Supports: 1.0910, 1.0860, 1.0810, 1.0685, 1.0630.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 11, 2015 Author Report Share Posted December 11, 2015 FxGrow Daily Technical Analysis – 12th Dec, 2015By FxGrow Research & Analysis TeamGBPUSD - on three weeks high Today US inflation data was published. That was one of the last important macro reading before next week FED meeting. As federal reserve expected, inflation increased more rapidly than forecasted. The time of FOMC meeting is approaching and it may cause big volatility because nobody knows what will be the markets reaction on first rate hike. At GBPUSD (H1) today demand broke above resistance at 1.5190 level and approached next resistance at 1.5240. What's interesting, this month's upward movement took the form of simple ABCD correction and price already reached D point, where AB=CD.Wider view, time-frame D1 GBPUSD continues rebound that started on December 2nd. Nearest resistance is 1.5240 level (blue line at chart D1). Stronger resistance (monthly high) is at 1.5330 level (red dotted line at chart H1).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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 14, 2015 Author Report Share Posted December 14, 2015 FxGrow Daily Technical Analysis – 14th Dec, 2015By FxGrow Research & Analysis TeamEURAUD - reached to resistance, for the last week point for the bulls At the beginning of December there was a test of support at 1.4400 level. That level caused dynamical rebound. After impressing last week's candle (at weekly time-frame), price reached to the resistance that stopped upward movement. Currently this upward movement should be treated as a correction. However it is likely that price will reach to 1.5500 level where is resistance and fibo 50% of last downward movement or even to 1.5720 level where is fibo 61,8%. On each of that important levels: 1.5270, 1.5500, 1.5720 bears will be looking oportunity to end that correction. When declines will back we will be able to determine in what condition are the bulls. Then it turns out if it is a chance to return to upward movement, which last at EURAUD since April 2015.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. Link to comment Share on other sites More sharing options...
FxGrow Support Posted December 14, 2015 Author Report Share Posted December 14, 2015 FxGrow Daily Technical Analysis – 14th Dec, 2015By FxGrow Research & Analysis TeamUSDCAD - new highs, but resistance is on the horizon Previous analysis USDCAD from November 26 gave more than a 400 pips profit. I wrote: "In the coming days demand should carry out another attack at the resistance 1.3400" and "if this resistance will be broken, next target for demand is at the level 1.3860". Actually continuation of upward movement is very dynamic and today price tested 1.3780 level. Since 2004 price wasn't at such high levels. Currently next resistances should be looking for at monthly time-frame. It should be noted that levels from monthly time-frame aren't precise. Nearest resistances are at area: 1.3860, 1.4070. If there will be a correction nearest support is at 1.3430 level.Time-frame H4Time-frame monthlyFor 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. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.