FxGrow Support Posted January 19, 2016 Author Share Posted January 19, 2016 FxGrow Daily Technical Analysis – 19th Jan, 2015By FxGrow Research & Analysis TeamUSDJPY an opportunity for rebound - double bottom pattern at support After Friday's selloff current week started with a rebound at USDJPY. Area of 116.50 was defended by demand because further declines (and especially support breakout at 116.00) will worsen technical situation on the chart. Changes in long-term trend to a downtrend will become a fact. Currently upward movement should reach 118.30 - 118.80.For more in depth Analysis & Research 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 January 19, 2016 Author Share Posted January 19, 2016 FxGrow Daily Technical Analysis – 19th Jan, 2015By FxGrow Research & Analysis TeamEURGBP - fast correction and return to uptrend Since almost a year demand was unable to break above 0.7480. From the other side, supply likewise wasn't able to broke below support at 0.6990. As a result on January 8 there was a successful breakout of consolidation upper limit and new dynamic upward impulse began.For more in depth Analysis & Research 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 January 20, 2016 Author Share Posted January 20, 2016 FxGrow Daily Technical Analysis – 20th Jan, 2015By FxGrow Research & Analysis TeamEURUSD - break above bearish regression channel Since December 4th EURUSD moves in downward channel. First attempt of breaking above it, occurred on January 15th but finished with false breakout and returned into the channel. Currently there is a second attempt and price reached 1.0975 level. If withdrawal doesn't occur, then upward move will reach at least the nearest resistance at 1.1050.To read Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 21, 2016 Author Share Posted January 21, 2016 FxGrow Daily Technical Analysis – 20th Jan, 2015By FxGrow Research & Analysis TeamGBPJPY - is it a good time for a rebound? GBPJPY falls second month in a row without any bigger correction. Firstly, supply broke below support at 175.50 and then 168.00. It took place without any attempt of a rebound. Today demand reactin occurred in area 163.00 - 163.70 and it was at the time when macroeconomic data were published.For more in depth Analysis & Research 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 January 21, 2016 Author Share Posted January 21, 2016 FxGrow Daily Technical Analysis – 21st Jan, 2015By FxGrow Research & Analysis TeamAUDNZD - upward movement should be continued For 2 months AUDNZD moved in downtrend from 1.1080 level in November 2015 to 1.0535 level in January 7. Since then rebound occured, which is characterized by higher highs and higher lows (this is a basic method to identify trends). Currently price reached 1.0700 and it is likely that rebound will occur and demand will try another test of the latest resistance at 1.0830.For more in depth Analysis & Research 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 January 21, 2016 Author Share Posted January 21, 2016 FxGrow Daily Technical Analysis – 21st Jan, 2015By FxGrow Research & Analysis TeamEURUSD - declines after ECB press conference Yesterday demand tried to break above bearish regression channel, but sentiment changes today after press conference of ECB President Mario Draghi. According to forcast ECB maintained interest rates unchanged, however during press conference, Draghi's speach caused a weakening of the euro.For more in depth Analysis & Research 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 January 22, 2016 Author Share Posted January 22, 2016 FxGrow Daily Technical Analysis – 22nd Jan, 2015By FxGrow Research & Analysis TeamOIL BRENT - 10% gaings from the bottom - second day of rebound There is dynamic rebound at OIL. Since 24 hours OIL BRENT gained more than 10% value, moving from 27.30 to 31.00. Rebounds at OIL were usually dynamic so while the key levels weren't broken current movement should be seen as a correction. Key resistances are at levels: 36.00 (former support that stopped declines in December) and 42.50.For more in depth Analysis & Research 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 January 22, 2016 Author Share Posted January 22, 2016 FxGrow Daily Technical Analysis – 22nd Jan, 2015By FxGrow Research & Analysis TeamGBPUSD - dynamic rebound after price reached 6-years low In Monday's analysis (after upward movement in the morning) I pointed two scenarios: successful rebound or deepened falls: "it is likely that today will be first upward session since a week" and "however if demand fail and declines continue next support will be at 1.4000". Morning's gains were lost by the end of the day and as a result at chart you can see next red candle with long upper shadow. As expected, price moved in the direction of 1.4000, but rebound on Thursday was 80 pips higher during ECB press conference.For more in depth Analysis & Research 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 January 25, 2016 Author Share Posted January 25, 2016 FxGrow Daily Technical Analysis – 25th Jan, 2015By FxGrow Research & Analysis TeamUSDJPY - dynamic rebound from support after BoJ speech Last Wednesday there was another test of 116.40 level, but supply wasn't stopped and tried attack at 116.00. As a result USDJPY reached to a year's low of price. Since December to last week's Thursday Japan's yen strengthened, during this time price fell from 123.56 to 116.00. At pointed level dynamic rebound occurred and during three upward sessions led price to Fibonacci 38,2% of previous downward movement.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 25, 2016 Author Share Posted January 25, 2016 FxGrow Daily Technical Analysis – 25th Jan, 2015By FxGrow Research & Analysis TeamEURCAD - dynamic rebound from the support area After January 20th when EURCAD reached 1.6100 (5 years high), dynamic rebound occurred. Falls lasted 3 days and finished at 1.5245 level which is 38,2% Fibonacci level of earlier uptrend movement. That area was additionally strengthened by the support. Currently there is a rebound which should reach at least 1.5570 area (nearest strong resistance). Indicated resistance is important for further direction of price movement.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 26, 2016 Author Share Posted January 26, 2016 FxGrow Daily Technical Analysis – 26th Jan, 2015By FxGrow Research & Analysis TeamEURUSD - movement toward 1.0930 Last week EURUSD falls to area 1.0800 during press conference (after EBC meeting). Despite the attempt to deepen this decline, supply wasn't able to take control. Since the beginning of current week EURUSD moved upward.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 26, 2016 Author Share Posted January 26, 2016 FxGrow Daily Technical Analysis – 26th Jan, 2015By FxGrow Research & Analysis TeamEURJPY - double bottom pattern, but demand doesn't look very strong For almost 3 weeks EURJPY moved in a downward channel. All this time the movement was near to key support. On last Thursday after failure attack at 126.20 level, you can see characteristic double bottom pattern (visible at time-frame D1). Since that moment all candles are green, but reaction of demand isn't as strong as you could expected.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 27, 2016 Author Share Posted January 27, 2016 FxGrow Daily Technical Analysis – 27th Jan, 2015By FxGrow Research & Analysis TeamAUDCAD - 0.9740 level will finish the correction? Since January after two months of uptrend, there is a correction on AUDCAD. Correction reached Fibonacci 38,2% of the last upward movement. Price dynamically rebounded but falls were back quickly and since January 20 there is another downward impulse. It is likely that AUDCAD will form ABC simple correction. Target for falls when A=C is 0.9740.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 27, 2016 Author Share Posted January 27, 2016 FxGrow Daily Technical Analysis – 27th Jan, 2015By FxGrow Research & Analysis TeamNZDUSD - lack of certainty for further movement direction Since half of the year NZDUSD has moved in consolidation between 0.6860 - 0.6250. In mid-January supply tested support at region 0.6400, which so far has been defended.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 28, 2016 Author Share Posted January 28, 2016 FxGrow Daily Technical Analysis – 28th Jan, 2015By FxGrow Research & Analysis TeamGBPAUD - new low, falls targeting 1.9900 After rebound lasting almost entire January, yesterday supply finally won and deepened latest low. If today's macroeconomic data from UK doesn't make a sentiment reversal declines will continue.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 28, 2016 Author Share Posted January 28, 2016 FxGrow Daily Technical Analysis – 28th Jan, 2015By FxGrow Research & Analysis TeamEURUSD - trend continuation after FOMC After return above 1.0800 at the beginning of the week, upward movement continues. Main doubt in this week was Thursday's FOMC decision on interest rates and more specifically the meeting protocol. In the announcement there were a dovish elements, especially indication that interest rates should be lowered because of the situation on Wall Street, and the risk of inflation associated with oil depreciation and dollar increases.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 29, 2016 Author Share Posted January 29, 2016 FxGrow Daily Technical Analysis – 29th Jan, 2015By FxGrow Research & Analysis TeamUSDJPY - sharply up, due to Bank of Japan interest rates cut Previous analysis in which I indicated possibility of further BoJ policy easing and USDJPY gains, was very profitable. I wrote: "USDJPY reached to first important resistance at 118.80 and rebound occurred. If demand breaks above that resistance next targets will be at: 120.60, 121.40, 123.50". So it happened after BoJ decided to adopt negative interest rates.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted January 29, 2016 Author Share Posted January 29, 2016 FxGrow Daily Technical Analysis – 29th Jan, 2015By FxGrow Research & Analysis TeamUSDCAD - ABC correction may be already finished Since January 20 USDCAD corrects its earlier long uptrend. Declines are already 700 pips and price reached important level. Support at 1.3970 is strengthened by Fibonacci 38,2% of earlier upward movement.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted February 1, 2016 Author Share Posted February 1, 2016 FxGrow Daily Technical Analysis – 01st Feb , 2016By FxGrow Research & Analysis TeamCADJPY - V bottom pattern Since the beginning of January CADJPY declined until January 20 when PIN BAR candle with a very long shadow occurred just above support at 78.90 (support from 2012). It was a first signal that rebound may occur. It happened thanks to information from BoJ about further easing action. Due to this rebound we saw a dynamic upward movement and at the chart you can see rare V bottom pattern.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted February 1, 2016 Author Share Posted February 1, 2016 FxGrow Daily Technical Analysis – 01st Feb , 2016By FxGrow Research & Analysis TeamGBPNOK - very good moment for a rebound GBPNOK reached important support and rebound attempt occurred once again. Admittedly, since March 2013 price moves in an uptrend, however for the last 3 months we clearly saw troubles of demand with further upward movement. Last high was reached in November 5, since then GBPNOK falls.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
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