FxGrow Support Posted February 18, 2016 Author Share Posted February 18, 2016 FxGrow Daily Technical Analysis – 18th Feb, 2016By FxGrow Research & Analysis TeamEURUSD - above support 1.1100, movement towards 1.1380 possible Since a week EURUSD continues downward movement. Yesterday better than forecasted macro data were published - the US Producer Price Index. The second macro data was FOMC minutes. Investors didn't see nothing new in FOMC protocol and it was confirmed by lack of volatility at EUR/USD. Officials stressed timing of hikes would depend on data.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 18, 2016 Author Share Posted February 18, 2016 FxGrow Daily Technical Analysis – 18th Feb, 2016By FxGrow Research & Analysis TeamGBPAUD - rebound from support at 1.9900 Since a half year GBPAUD moved in a downtrend. Price moves inside bearish regression channel and its upper band wasn't tested since early November. Yesterday price reached important support 1.9900 and today bullish rebound occurred. You shouldn't see this as trend reversal, but it is likely that some upward movement will occur and it should reach at least 2.0640.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 19, 2016 Author Share Posted February 19, 2016 FxGrow Daily Technical Analysis – 19th Feb, 2016By FxGrow Research & Analysis TeamEURSEK – sharp rebound from resistance EURSEK moved in uptrend since the year beginning. Last week price rebounded sharply after testing the resistance at 9.6100 . Yesterday huge downward candle reached two weeks low. Nearest supports are located at: 9.3600, 9.3040, 9.2550. If rebound occurs and demand maintains its strength nearest resistances will be located at: 9.4220, 9.5000, 9.6100.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 19, 2016 Author Share Posted February 19, 2016 FxGrow Daily Technical Analysis – 19th Feb, 2016By FxGrow Research & Analysis TeamEURJPY - lowest since mid-2013 Yesterday EURJPY broke below support at 126.00 level and continues downward movement. Nearest support at area 125.00 was tested. Currently it is likely that price will rebound to 126.10 and return to declines. Alternatively if bulls will be as weak as so far new low may occur without any correction.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 22, 2016 Author Share Posted February 22, 2016 FxGrow Daily Technical Analysis – 22nd Feb, 2016By FxGrow Research & Analysis TeamGBPNZD - broke below support at 2.1500 Today price broke below support at 2.1500, and now is continuing its declines. After almost vertical upward movement which lasted between April - August 2015 currently almost all bullish moves has been corrected. Today support was broken (it stopped declines for 2 months) and right now there is a clear path for bears to test 2.0800To 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 22, 2016 Author Share Posted February 22, 2016 FxGrow Daily Technical Analysis – 22nd Feb, 2016By FxGrow Research & Analysis TeamUSDCHF – appreciation of the dollar pushes the price towards resistance The currency pair USD CHF been declining since the beginning of February, a dynamic drop led to a break of the trend line conducted since the one-day landslide associated with the release of the EURCHF exchange rate, as well as support around the 0.9797 level.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 23, 2016 Author Share Posted February 23, 2016 FxGrow Daily Technical Analysis – 23rd Feb, 2016By FxGrow Research & Analysis TeamEURUSD - nearest supply target 1.0980, support at 1.1100 was broke below In the last Wednesday there were an attempt of breaking below support 1.1100, it hasn't succeed and price moved around that region. At last support was broken yesterday and today EURUSD is continuing its declines.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 23, 2016 Author Share Posted February 23, 2016 FxGrow Daily Technical Analysis – 23rd Feb, 2016By FxGrow Research & Analysis TeamGBPCAD - new 8-months low Last week's analysis was profitable for traders. I wrote: "current goal for bears is 1.9480 level" and "if price tests 1.9480 level, rebound will occur. After rebound resistances are at levels: 1.9730, 1.9890".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 24, 2016 Author Share Posted February 24, 2016 FxGrow Daily Technical Analysis – 24th Feb, 2016By FxGrow Research & Analysis TeamEURAUD - support at 1.5270 was defended so far EURAUD is at the interesting level. Price already reached support at 1.5270 and that level was in game many times since December 2014. Yesterday rebound occurred, but right now it is indicating demand's weakness. If supply breaks this level next supports will be located at 1.5000, 1.4880. However if rebound is successful nearest resistance will be located at 1.5480.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 24, 2016 Author Share Posted February 24, 2016 FxGrow Daily Technical Analysis – 24th Feb, 2016By FxGrow Research & Analysis TeamGBPUSD - forecast of brexit plunges the bulls This week is a bulls' nightmare. Since Monday we observe fall at GBP/USD, despite the recommendations of British Prime Minister David Cameron. He will be urging to stay in the E.U.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 25, 2016 Author Share Posted February 25, 2016 FxGrow Daily Technical Analysis – 25th Feb, 2016By FxGrow Research & Analysis TeamEURJPY - PIN BAR candle on the support In accordance to the last week analysis declines were continued to indicated support. I wrote: "It is likely that declines will proceed. Next strong support at W1 TF could be found at 122.90".Time-frame D1:To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted February 25, 2016 Author Share Posted February 25, 2016 FxGrow Daily Technical Analysis – 25th Feb, 2016By FxGrow Research & Analysis TeamEURUSD - support at 1.0980 stopped declines, it is likely that 1.1100 will be tested Declines at EURUSD were stopped by support at 1.0980. At this level you can clearly see the support reaction. Now area 1.1100 should be tested and there we will see in which direction price wants to move in the nearest future. Return above 1.1100 will lead price to last high at 1.1380.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 26, 2016 Author Share Posted February 26, 2016 FxGrow Daily Technical Analysis – 26th Feb, 2016By FxGrow Research & Analysis TeamUSDCAD - 1.3670 support broke, potential 300 pips decline Yesterday USDCAD broke below support which has been stopping declines since the beginning of February. Nearest target for falls is located at 1.3420. If rebound occurs at indicated level nearest important resistance will be at 1.3670. Despite the current declines it's too early to talk about new down trend which I will show at weekly time-frame.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 26, 2016 Author Share Posted February 26, 2016 FxGrow Daily Technical Analysis – 26th Feb, 2016By FxGrow Research & Analysis TeamUSDJPY - dollar appreciated after macroeconomic data After Friday’s macroeconomic data (US GDP) publication dollar sharply appreciated versus other currencies. EURUSD dynamically reached support at 1.0980 and USDJPY tested resistance at 113.35. Situation at USDJPY is very interesting because after double bottom pattern, current upward movement began. Nearest resistances are at levels: 113.35, 114.50, 116.10.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 29, 2016 Author Share Posted February 29, 2016 FxGrow Daily Technical Analysis – 29th Feb, 2016By FxGrow Research & Analysis TeamGBPNZD - demand reaction at very interesting level Last week analysis was profitable. I wrote: "Today support was broken (it stopped declines for 2 months) and right now there is a clear path for bears to test 2.0800". In the area 2.0800 there is an equal A=B of current correction. This level is strengthened by important support.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 29, 2016 Author Share Posted February 29, 2016 FxGrow Daily Technical Analysis – 29th Feb, 2016By FxGrow Research & Analysis TeamAUDCAD - reached lower limit of bearish channel Friday brought huge selloff at AUDCAD. Falls ranging almost 200 pips during just one session certainly isn't a common picture. Bears broke three important supports 0.9820, 0.9730, 0.9650. Today's rebound started by bulls finished with a long upper shadow on the chart.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted March 1, 2016 Author Share Posted March 1, 2016 FxGrow Daily Technical Analysis – 01st March, 2016By FxGrow Research & Analysis TeamEURUSD - on the way to 1.0810 On last Friday price broke below support at 1.0980 and downward movement is continuing. Period of low volatility at EURUSD should has been already finished, because in next three weeks there will be important macro events which should cause higher volatility (US non-farm payrolls, ECB meeting, FED meeting).To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted March 1, 2016 Author Share Posted March 1, 2016 FxGrow Daily Technical Analysis – 01st March, 2016By FxGrow Research & Analysis TeamEURCAD - 80 pips left to important support Downward movement at EURCAD is continuing after broke below support in last week. It is likely that today's session will bring fifth downward candle in a row. Supply should test 1.4520 area, where price need only 80 pips to achieve that level. That level is the nearest strong support and 40 pips lower there is a 78.6% Fibonacci retracement of previous upward movement.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted March 2, 2016 Author Share Posted March 2, 2016 FxGrow Daily Technical Analysis – 02nd March, 2016By FxGrow Research & Analysis TeamEURAUD - lowest since two months Declines accelerated after EURAUD broke below support at 1.5270. Today price tested next support at 1.5000, but currently there are no signs that declines may end. Next weak supports are located at: 1.4890, 1.4730. Nearest strong support is 600 pips below current level at 1.4400.To read this Full in depth Analysis please visit FxGrow.Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Link to comment Share on other sites More sharing options...
FxGrow Support Posted March 3, 2016 Author Share Posted March 3, 2016 FxGrow Daily Technical Analysis – 03rd March, 2016By FxGrow Research & Analysis TeamGBPUSD - upward movement reached first resistance After huge selloff during last week, GBPUSD reached 1.3850 support. At this area we observe lows from 2009 and since the beginning of current week area caused a rebound. The goal for market demand side won't be easy because price is in downtrend, however after so big selloff rebound's range might be big.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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