FxGrow Support Posted September 9, 2016 Author Share Posted September 9, 2016 FxGrow Daily Technical Analysis – 09th Sept, 2016By FxGrow Research & Analysis Team The euro edged up on Draghi's comments The euro increased against the dollar and break the 1:1300 zone trading around 1.1320 as the European Central Bank kept interest rate unchanged. The EURUSD is now trading a range between 1.1235-1.1285 as Draghi claimed that expanding its asset purchase program is improbable right now and the EURUSD needs to break 1.1305 again in order to pave its way toward near-term resistance levels 1.1340 and 1.1375. 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 September 12, 2016 Author Share Posted September 12, 2016 FxGrow Daily Technical Analysis – 12th Sept, 2016By FxGrow Research & Analysis Team GBP/USD STRUGGLING AGAIN - The FED MONETARY POLICY SPECULATIONS TO TRADE AT SPOT Postive comments from FOMC member Eric Rosengren on Friday 9th Sep energized expectations of an eventual Fed-hike action and helped the greenboogie to move in in strong positions facing major currencies. On the 9th of Sep, at 1 PM GMT, the GBP started a bearish mood dropping from 1.3325 to 1.3237 at 3 PM GMT as shown in the chart ( from G to H point ) which suggests a more drop in the coming hours and in the absence of major press news this monday on economic calendar. 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 September 13, 2016 Author Share Posted September 13, 2016 FxGrow Daily Technical Analysis – 13th Sept, 2016By FxGrow Research & Analysis Team EUR/USD BOUNCES TO 1.1224 INTRADAY AFTER CLOCKING A HIGH 1.1327 ON 8TH SEP WHEN DRAGHI RELEASED THE ECB Right now, the EUR/USD is trading at 1.1224 8 AM GMT, and it's expected to be bearish reaching the first support at 1.1225 and below H5 PP 1.1233 Draghi will make an appearance today at 10 AM GMT, and the EUR will either makes a correction and shift info bull candle charts, or will continue dropping. Keys to keep eyes on : H5 PP 1.1233 S1 1.1225, S2 1.1212, S3 1.1191, S4 1.1159 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 September 14, 2016 Author Share Posted September 14, 2016 FxGrow Daily Technical Analysis – 14th Sept, 2016By FxGrow Research & Analysis Team GBP/USD VULNERABLE TO DROP FURTHER MORE : UK JOBS REPORT INTO FOCUS Dovish comments by Fed Governor Lael Brainard on Monday 12th of Sep where he suggested that the possibility of an action on Fed this month are as thin as ice. As a result, the USD was moving in strong positions against major pairs and commodities. Today, UK Job data will be the elemental key player that may set a new course for the GBP. Both scenarios are possible depending on the result of this Report. Yesterday the GBP/USD was bearish, but since 2 AM this morning, it took an opposite trend moving in bullish candle charts due to the high demand of traders buying GBP, taking a leap of faith on the British Currency. 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 September 14, 2016 Author Share Posted September 14, 2016 FxGrow Daily Technical Analysis – 14th Sept, 2016By FxGrow Research & Analysis Team OIL BOUNCES IN ASIA, STABILIZED TODAY AFTER FALLING 3% YESTERDAY AND ALL EYES ON EIA REPORTS TODAY Oil prices changed course and attempted a recovery in the Asian trades, after having slumped 3% on bearish monthly reports from both the IEA and OPEC. On Tuesday, oil prices rallied 3% after both the EIA and OPEC made downgrade revisions to their global demand forecasts, while also pointed out that the global crude oversupply could persist for much longer than expected. EIA advised that increasing supply along with a sharp reduction in demand will create a saturation of oil in the market. at least until June 2017 which is in noticed contrast to last's month where the agency noted that supply would fall by the end of the year. Mr. Eugen Weinberg, head of commodities strategy commented " It seems that the situation deteriorated strongly or significantly in the eyes of OPEC, as well as the EIA. 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 September 15, 2016 Author Share Posted September 15, 2016 FxGrow Daily Technical Analysis – 15th Sept, 2016By FxGrow Research & Analysis Team GOLD IS UNDER PRESSURE YET AGAIN FOR THE SECOND TIME SEP: EYES ON ECONOMIC CALENDAR Once again this month, for the second week, gold today, is subject to a new test against the dollar. The question is, Will it pass and make a correction towards towards the 1350 zone or the greenback moves stronger creating a pressure on XAUUSD again to drop into the 1300 zone or even less. On the 2nd of Sep, Gold clocked a low 1302.31 but then rallied up again on the 6th of Sep reaching 1352.35 which is the climax score for Sep, then gradually started dropping, yet still. Trend: Bearish Downward 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 September 15, 2016 Author Share Posted September 15, 2016 FxGrow Daily Technical Analysis – 15th Sept, 2016By FxGrow Research & Analysis Team SILVER, STILL IN BEARISH MOOD FOR THE THE 7TH DAY, EYES ON U.S NEWS TODAY What to expect from XAGUSD today? Silver rallied up on the 2nd of Sep till 6th clocking 20.129 Intraday, but then dropped, trading at the moment 18.912. Trend: downward H5 PP 19.021 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 September 16, 2016 Author Share Posted September 16, 2016 FxGrow Daily Technical Analysis – 16th Sept, 2016By FxGrow Research & Analysis Team USD/CAD INTRADAY 1.3160 TRADING ZONE, AHEAD OF U.S CPI AND CANADIAN MANUFACTURING SALES REPORTS. After clocking a high 1.3233 yesterday, reaching its highest through Sept, the USD/CAD dropped later on to 1.3132 the USD is still moving strong in the market against major currencies and commodities. The USD/CAD rallied up again in bullish trend since early this morning and expected to move more upward later today till 1:30 PM GMT when U.S CPI and Canadian Manufacturing Sales reports are released constantly. This will draw a better picture on how things will go after that. Right now the USD/CAD is trading at 1.3165, and expected to continue moving upward. 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 September 19, 2016 Author Share Posted September 19, 2016 FxGrow Daily Technical Analysis – 19th Sept, 2016By FxGrow Research & Analysis Team AUD/USD NOURISHING, IMPACT OF RBA AND AND MONETARY POLICY The AUD/USD opened this morning in bullish candle charts climbing from 0.7475, rallied to 0.7544. The AUD/USD was moving strong against the greenback since beginning of Sep until the 8th of Sep where roles took a shit and the AUD dove in a bearish trend clocking its lowest during Sep 0.7442. The Australian Monetary Policy and Governor of Reserve Bank meeting on 19th of Sep meeting objectives and goals were focused on the transparency and accountability in their relationship. This had the positive impact on AUD/USD and why it went upward. 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 September 20, 2016 Author Share Posted September 20, 2016 FxGrow Daily Technical Analysis – 20th Sept, 2016By FxGrow Research & Analysis Team GBPUSD STARTS WITH THE SAME SCENARIO AS YESTERDAY, AFTER INVERTED HAMMER FORMATION Just like yesterday, The GBP/USD started wit bullish trend, after dropping to 1.2998, the GBPUSD rallied again to 1.3046. Although there was buying pressure during previous sessions, the bulls were not able to sustain thee pressure and prices closed well off of their highs. Just like yesterday. Roles are mixed between GBP and USD, whose moving stronger facing each others. 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 September 20, 2016 Author Share Posted September 20, 2016 FxGrow Daily Technical Analysis – 20th Sept, 2016By FxGrow Research & Analysis Team USD/CAD COMATOSE WITH BEARISH HAMMER CANDLES, WITH ABSENCE OF NEWS USD/CAD is still moving neutral to bearish, taking a deep sleep ( comatose ) is trading movement in absence of crucial news that has major effect on the Canadian Dollar. CAD is still fighting trying to move stronger than USD, but with the absence of trust and faith in Canadian Dollar, the bearish movement is slight. Today, Poloz, governor bannk of Canada, will draw a better picture of how the Canadian will move facing USD and other pairs. 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 September 20, 2016 Author Share Posted September 20, 2016 FxGrow Daily Technical Analysis – 20th Sept, 2016By FxGrow Research & Analysis Team GOLD STILL TRADING IN YESTERDAY ZONE 1310/1315, BELOW WEEKLY PIVOT 1315.30, BEARISH TREND INDICATION Since yesterday, XAUUSD is still trading below weekly pivot, and failed to break it's first resistance station at 1317.79 which suggests a more downward trend into 1310 zone and maybe lower than that. With the absence of major news today that could affect gold, it's expected to trade between 1310 and 1317 area. Tomorrow, 21 Sep, the most important news during 2016 will be released by U.S government FOMC having huge impact on commodities (GOLD, Silver ), major currencies. In other words, tomorrow news set of rulers will be applied that will set the trend for the coming weeks, even months. 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 September 21, 2016 Author Share Posted September 21, 2016 FxGrow Daily Technical Analysis – 21st Sept, 2016By FxGrow Research & Analysis Team EUR/USD FAILS TO SUSTAIN 1.12 ZONE, U.S DOLLAR STILL MOVING BULLISH AGAINST ALL CURRENCIES EUR/USD is still trading since Friday 16 Sep below weekly pivot 1.1195. On Friday, EUR/USD clocked a high 1.1250 but failed to maintain this level, it dropped dramatically later trading now at 1.1138, still below weekly pivot which indicated a more bearish drop for later on. Today major news on U.S FOMC that will dictates the market trend for the coming weeks. 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 September 21, 2016 Author Share Posted September 21, 2016 FxGrow Daily Technical Analysis – 21st Sept, 2016By FxGrow Research & Analysis Team CRUDE OIL JUMPED 1% ON WEDNESDAY, HOURLY CHARTS INDICATES STRONG BUYING, AWAITING EIA REPORT, LATER ON FOMC Crude oil jumped 1% today, rallied up from 43.96 and clocked a high intraday 45.10 at crude oil opening. Crude oil is scoring bullish hourly candle charts and right now trading above H5 PP which indicates a more bullish trend ahead of crude oil inventories report today at EIA 3:30 PM GMT, later on FOMC at 7 PM GMT. The market might witness a high volatility of either mix trend ( if news were mixed ) or more bullish if EIA and FOMC reports supported the trend positively. 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 September 22, 2016 Author Share Posted September 22, 2016 FxGrow Daily Technical Analysis – 22nd Sept, 2016By FxGrow Research & Analysis Team USD/JPY STANDS A GUARD AGAINST THE 100.00 DOOR, MAKES A REBOUND TO 100.60 ZONE 9 am GMT The BOJ decision to leave the interest rates unchanged & take on a new policy keeping 10-year bond yields near zero caused massive wave of selling volumes. Add to that later on, the FOMC left rates the same, unchanged, changed ground rules as analytics were expecting an increase. The greenpack look weak and dragged USD/JPY into one month low. The USD/JPY is expected to trade in neutral area between first support S1 100.102 and first resistance R1 100.625. The only reason to break these barriers is today the U.S unemployment claims report at 1:30 Pm GMT which will cause am increase in buying and selling by traders that will either break either support levels or resistance levels. 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 September 23, 2016 Author Share Posted September 23, 2016 FxGrow Daily Technical Analysis – 23rd Sept, 2016By FxGrow Research & Analysis Team USD/CAD FLIRTING WITH 1.3060 ZONE AFTER DROPPING TO 1.3000 The USD/CAD dropped to lowest near 1.3000 since 13 Sep then rallied up again trading around H5 PP 1.3060. The FOMC release leaving rates on the U.S Dollar unchanged and the U.S Unemployment Claims yesterday, made the Canadian dollar move stronger than the greenpack. The U.S dollar has been moving very strong facing major currencies and commodities until Wednesday FOMC, Later on Unemployment Claims yesterday. The USD/CAD might drop more today if the Canadian Core CPI 1:30 PM GMT came positive supporting the Canadian Dollar to move stronger than U.S Dollar, and vise versa. 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 September 26, 2016 Author Share Posted September 26, 2016 FxGrow Daily Technical Analysis – 24th Sept, 2016By FxGrow Research & Analysis Team EUR/USD FLIRTING WITH 1.1220 ZONE, ABOVE WEEKLY PP, AHEAD OF IFO, LATER ON DRAGHI The EUR/USD, right now trading in it's normal range after dropping to 1.1148 on 16th Sep. The EUR strengthen facing the U.S dollar, started a bullish and clocked 1.1257 on 22th Sep and right now trading in the 1.1235 range, also expected to increase later on today after last week press releases on the U.S economy. Data wise in the Old Continent, the German IFO is expected to improve in all of its components for the current month followed by the speech of President M.Draghi and board member E.Nowotny. 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 September 27, 2016 Author Share Posted September 27, 2016 FxGrow Daily Technical Analysis – 27th Sept, 2016By FxGrow Research & Analysis Team XAUUSD MAKES A CORRECTION DIVING NEAR WEEKLY PIVOT 1333.27, INTRADAY 1333.99 The yellow metal rallied up yesterday and clocked a high around 1342, later on started diving and opened with a bearish trend trading now around 1333.90. makes a correction dropping near it's weekly pivot 1333.27 which suggests a more drop later today with heavy selling by traders. Trend: Neutral Bearish , XAUUSD is expected to trade between R1 & S1 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 September 27, 2016 Author Share Posted September 27, 2016 FxGrow Daily Technical Analysis – 27th Sept, 2016By FxGrow Research & Analysis Team METALS (XAGUSD) V.S U.S DOLLAR, SILVER SUCCESSES GAURDING THE 19 ZONE SINCE 20TH OF SEP XAGUSD was moving strong facing the U.S Dollar last week after the disappointing FOMC report and analysis expectation. Silver clocked a high on 20.068 on 22th of Sep but failed to hold strong positions, it dropped later on the following days trading now 19.50 below its daily pivot point 19.61. What to expect from Silver today and coming days ? Charts and numbers suggests a neutral bearish trend, trading between second support 19.40 and first resistance 19.57. Right now, traders are the key player in terms of price. Any significant change or major drop or rise should be entitled to Wednesday 28th Sep and Thursday 29th Sep press release on the U.S economy causing the U.S dollar to move strong facing metals and currencies. 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 September 28, 2016 Author Share Posted September 28, 2016 FxGrow Daily Technical Analysis – 28th Sept, 2016By FxGrow Research & Analysis Team CRUDE OIL WATCH LIST, EYES ON ALGIERS OPEC TODAY'S MEETING, EXPECTATIONS AND FACTS The long anticipated OPEC meeting will take place today Wednesday 28th Sep at 3:30 PM GMT, all eyes on crude oil inventories reports. Statistics indicates 90% that the meeting will not result in an agreement on price targets agenda until next OPEC's next meeting. Iranian and Libyan rising the supplies will glut and leave the market vulnerable to significant drops. The conflict between Iran and Saudi Arabia still exist, but the Saudi's gave hints that they are open to further discussions regarding Iranian oil production, but most probably not in today's meeting. Moreover Iran rejected to limit its output in exchange of Saudi cutting supply. 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...
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