Daily Technical Analysis by FxGrow

[FxGrow Support]

Dear Forum Members!

 

Here you can find Daily Technical Analysis of Major Currencies.

 

We hope that this information will be helpful for your trading.

 

Best Regards

FxGrow Support

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Terms used in our Analysis

 

RSI (14) - Relative strength index 14 days Time frame

MACD (12, 26) - Moving Average Convergence Divergence 12 day EMA - 26 day EMA

EMA - Exponential moving average

ADX (14) - Average Directional Index 14 days

ATR (14) - Average True Range 14 days

SMA - Simple Moving Average

MA x - Moving Average where x is the number of days

STOCH RSI (14) - Stochastic RSI 14 days

William %R - Momentum Indicator

CCI(14) - Commodity Channel Index

ROC - Rate of Change

 

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[FxGrow Support]

Daily Technical Analysis – 08th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD08may15_zps4aajzcpi.png

 

EURUSD could not hold on to its bullish trend and came down on profit taking at 1.1220 Near term bias is bearish but overall scenario remains bullish.

 

RSI (14), ADX (14) and MACD (12, 26) indicate a SELL while Average True Range (14) indicates Less Volatility.

 

Support is at 1.1197 while Resistance is at 1.1265, 1.1288 and 1.1391

 

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD08may15_zps6aw8doxa.png

 

GBPUSD continues its strong bullish momentum crossing 1.5480; the short term bias is bullish within range of 1.5500 to 1.5550, and a correction is expected due to profit taking.

 

RSI (14), MACD (12, 26) and ADX (14) indicate a BUY while ATR (14) indicates High volatility.

 

Support is at 1.5303 while Resistance is at 1.5497 and 1.5521

 

 

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 08th May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD08may15_zpsl8utlj8c.png

 

AUDUSD could not hold on to its bullish trend and came down to 0.7900 and remains vulnerable to downside movements with targets of 0.7850 and 0.7800

 

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

 

Support is at 0.7862 and 0.7876 while Resistance is at 0.7937 and 0.7975

 

 

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY08may15_zpsvaplci6v.png

 

USDJPY is higher at 119.90 and the near term bias remains bullish within the range of 120.00 to 120.35, sideways movements are possible in the European trading session.

 

RSI (14), STOCHRSI (14), ADX (14), CCI (14) and MACD (12, 26) indicate a BUY. STOCH (9, 6) is overbought and ATR (14) indicates less volatility.

 

Support is at 119.04 while Resistance is at 119.96 and 119.99

 

 

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 11th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD11may15_zpsgkmwcyst.png

 

EURUSD remained sideways with the pair testing 1.1140 in the Asian trading session. Near term bias remains bearish with targets of 1.1040 but overall scenario remains bullish.

 

RSI (14), ADX (14), ROC and MACD (12, 26) indicate a SELL while Average True Range (14) indicates Less Volatility.

 

Support is at 1.1136 while Resistance is at 1.1269 and 1.1288

 

11th May 2015 – 04:03hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD11may15_zpsjz461dua.png

 

GBPUSD maintains its bullish tone still trading above 1.5400 but downside movements are possible due to price action and overall scenario remains bullish.

 

RSI (14) is Neutral, STOCH (9, 6), ADX (14), CCI (14) indicate a SELL while ATR (14) indicates Less volatility.

 

Support is at 1.5269, 1.5303 while Resistance is at 1.5497 and 1.5521

 

11th May 2015 – 04:12hrs GMT

 

 

 

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 11th May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD11may15_zpsug9kogdz.png

 

AUDUSD remains in Uptrend at 0.7885 and is expected to consolidate at 0.7850 to 0.7900 in the Asian trading session.

 

RSI (14), MACD (12, 26), STOCH (9, 6) and MA100 indicate a SELL while STOCHRSI (14) is oversold. Average True Range (14) indicates Less Volatility.

 

Support is at 0.7860 and 0.7876 while Resistance is at 0.7937 and 0.7966

 

11th May 2015 – 04:19hrs GMT

 

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY11may15_zpsignngmd8.png

 

USDJPY is moving sideways trading below 120.00 in the Asian trading session and the near term bias remains Neutral.

 

RSI (14) is Neutral; STOCHRSI (14) is overbought; ADX (14), CCI (14) and MACD (12, 26) indicate a BUY while ATR (14) indicates Less volatility.

 

Support is at 119.70 while Resistance is at 120.08

 

11th May 2015 – 04:26hrs GMT

 

 

 

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 12th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD12may15_zpsmeh6w7bv.png

 

EURUSD came below the 10day SMA but pulled back above the support level of 1.1136 in the Asian trading session to reach 1.1160 with the near term bias remaining Neutral.

 

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

 

Support is at 1.1129 while Resistance is at 1.1164 and 1.1176

 

12th May 2015 – 04:27hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD12may15_zpsfst4iyyg.png

 

GBPUSD continues its bullish tone crossing 1.5600 yesterday. Near-term bias remains bullish to neutral within the range of 1.5620 to 1.5560

 

RSI (14) and MACD (12, 26) indicate a BUY; STOCH (9, 6) and CCI (14) indicate a SELL while ATR (14) is Neutral.

 

Support is at 1.5497, 1.5521 while Resistance is at 1.5589 and 1.5612

 

12th May 2015 – 04:36hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 13th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD13may15_zpsdxr0ner6.png

 

EURUSD tried to regain its bullish trend yesterday but came under selling pressure to close below 1.1220 In the Asian trading session the pair is up at 1.1250 and near term bias is bullish with targets of 1.1280 to 1.1300

 

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

 

Support is at 1.1129 while Resistance is at 1.1269 and 1.1278

 

13th May 2015 – 04:41hrs GMT

 

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD13may15_zpsg66bal6e.png

 

GBPUSD had a strong bullish tone yesterday crossing 1.5700 and the near term bias is bullish in the range of 1.5740 to 1.5800

 

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

 

Support is at 1.5556, 1.5589 while Resistance is at 1.5710

 

13th May 2015 – 04:46hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 13th May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD13may15_zpsi2jbigwh.png

 

AUDUSD has started its bullish tone with the pair crossing 0.8000 in the Asian trading session. The near term bias is bullish with targets of 0.8100

 

RSI (14), MACD (12, 26) and STOCH (9, 6) indicate a BUY while STOCHRSI (14) is oversold. Average True Range (14) indicates Less Volatility.

 

Support is at 0.79125 and 0.7937 while Resistance is at 0.8006

 

13th May 2015 – 04:55hrs GMT

 

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY13may15_zpsfvsnlyo0.png

 

USDJPY could not sustain its bullish momentum yesterday and came down below 120.00 and is trading at 119.85 in the Asian trading session. The near term bias remains Neutral.

 

RSI (14), ADX (14) is Neutral, STOCHRSI(14) is overbought; while Average True Range (14) indicates Less Volatility.

 

Support is at 119.74 while Resistance is at 120.27

 

13th May 2015 – 04:51hrs GMT

 

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.

Edited May 13, 2015 by FxGrow Support

[FxGrow Support]

Daily Technical Analysis – 14th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD14may15_zpstdpsnsc7.png

 

EURUSD rose sharply yesterday and is strong in the Asian trading session. Unable to cross 1.1400 indicates a short term correction in the prices. The near term bias is neutral to bullish within the range of 1.1350 to 1.1400

 

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

 

Support is at 1.1265 while Resistance is at 1.1382 and 1.1391

 

14th May 2015 – 04:57hrs GMT

 

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD14may15_zpsqouuztln.png

 

GBPUSD retains its bullish tone trading above the 1.5750 and the near term bias is bullish to neutral in the range of 1.5750 to 1.5800 with sideways movements possible in the European trading session.

 

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

 

Support is at 1.5632 while Resistance is at 1.5768

 

14th May 2015 – 05:00hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 14th May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD14may15_zpsftpef9yd.png

 

AUDUSD is in a strong bullish momentum surging ahead of 0.8100 and the near term bias is bullish with targets of 0.8200 to 0.8230

 

RSI (14), MACD (12, 26) and CCI (14) indicate a BUY while STOCHRSI (14) is oversold. Average True Range (14) indicates Less Volatility.

 

Support is at 0.8029 while Resistance is at 0.8162

 

14th May 2015 – 05:04hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY14may15_zpsqolickmd.png

 

USDJPY remains bearish trading at 119.18 in the Asian trading session. The near term bias is bearish to Neutral with targets of 118.50

 

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

 

Support is at 119.04 while Resistance is at 119.35

 

14th May 2015 – 05:07hrs GMT

 

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.

[qwertz2021]

Thanks for this one. Very accurate!

[FxGrow Support]

Daily Technical Analysis – 15th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD15may15_zpsflottet2.png

 

EURUSD continues its bullish momentum crossing 1.1440 yesterday. The near term bias is bullish with targets of 1.1500 to 1.1540

 

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

 

Support is at 1.1342 while Resistance is at 1.1444 and 1.1449

 

15th May 2015 – 04:34hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD15may15_zpsfz4nihi6.png

 

GBPUSD continues its bullish tone crossing 1.5800 yesterday. Some correction is expected in the European trading session and the near term bias is Neutral to bullish with targets of 1.5850

 

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

 

Support is at 1.5763 while Resistance is at 1.5814

 

15th May 2015 – 04:40hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 15th May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD15may15_zpsqiivxtiv.png

 

AUDUSD came down yesterday and is presently in the bearish tone trading below 0.8100 the near term bias is bearish with targets of 0.8000 to 0.7950

 

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

 

Support is at 0.8041 while Resistance is at 0.8162

 

15th May 2015 – 04:47hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY15may15_zpsyudschkt.png

 

USDJPY is in Bullish trend crossing 119.40 in the Asian trading session. The near term bias is bullish with targets of 120.00

 

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

 

Support is at 118.97 while Resistance is at 119.46

 

15th May 2015 – 04:53hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 18th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD18may15_zpste7knbgd.png

 

EURUSD regained its bullish trend crossing 1.1460 on Friday and is trading above 1.1400 in the Asian trading session. The near term bias is Neutral to Bullish with some correction possible in the European trading session.

 

RSI (14) is Neutral; MACD (12, 26), MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

 

Support is at 1.1322 while Resistance is at 1.1459 and 1.1465

 

18th May 2015 – 04:35hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD18may15_zps8rop02wz.png

 

GBPUSD could not retain its bullish trend on Friday and came down below 1.5750 Further correction is possible today within the range of 1.5700 The near term bias is Neutral to Bullish with targets of 1.5810

 

RSI (14), STOCHRSI (14) is Neutral; MA100 and MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility.

 

Support is at 1.5700 while Resistance is at 1.5785 and 1.5807

 

18th May 2015 – 04:42hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 18th May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD18may15_zpsfexy1n6l.png

 

AUDUSD is in bearish trend trading at 0.8017 in the Asian trading session. The support level of 0.8000 could easily be broken in the European trading session with targets of 0.7950 to 0.7920 today.

 

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

 

Support is at 0.7995 while Resistance is at 0.8067

 

18th May 2015 – 04:49hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY18may15_zps7krnvtnz.png

 

USDJPY has started its bullish trend with the pair trading above 119.50 in the Asian trading session. The near term bias is Neutral to bullish with targets of 120.20

 

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

 

Support is at 119.46 while Resistance is at 119.82 and 119.92

 

18th May 2015 – 04:54hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 19th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD19may15_zpspgfwpel7.png

 

EURUSD started its bearish trend yesterday and came below its support level of 1.1322 In the Asian trading session it touched 1.1300 levels today. The near term bias is bearish but overall scenario remains bullish with targets of 1.1450 to 1.1500

 

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

 

Support is at 1.1288 while Resistance is at 1.1391 and 1.1449

 

19th May 2015 – 04:36hrs GMT

 

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD19may15_zps6lgk6wkj.png

 

GBPUSD is in a bearish momentum with the pair trading at 1.5650 in the Asian trading session. The near term bias remains Neutral to bearish with some sideways movements possible in the European trading session. Overall scenario remains bullish with targets of 1.5700 to 1.5750

 

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

 

Support is at 1.5632 while Resistance is at 1.5700 and 1.5709

 

19th May 2015 – 04:45hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 19th May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD19may15_zpsmp1uwiat.png

 

AUDUSD remained bearish yesterday coming down below 0.8000 In the Asian trading session the pair touched a low of 0.7960 but then it rebounded to 0.7990 The near term bias remains Neutral to Bullish with sideways movements expected in the European trading session.

 

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

 

Support is at 0.7966 while Resistance is at 0.8026 and 0.8032

 

19th May 2015 – 04:51hrs GMT

 

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY19may15_zpsavfny4fk.png

 

USDJPY is in a Bullish trend with the pair crossing 120.00 in the Asian trading session. The near term bias remains Neutral to Bullish within range of 120.00 to 120.50

 

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

 

Support is at 119.82 while Resistance is at 119.99

 

19th May 2015 – 04:56hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 20th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD20may15_zps9bgnphk3.png

 

EURUSD had a strong bearish momentum yesterday falling below 1.1150 to trade at 1.1129 in the Asian Trading session. The near term bias remains bearish with targets of 1.1100 to 1.1050

 

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

 

Support is at 1.1117 while Resistance is at 1.1265 and 1.1288

 

20th May 2015 – 05:11hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD20may15_zps23rkmhqd.png

 

GBPUSD is moving in a bearish momentum with the pair testing 1.5460 yesterday. It is expected to move in a low range and the near term bias remains bearish with targets of 1.5450 to 1.5400

 

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

 

Support is at 1.5444 while Resistance is at 1.5556

 

20th May 2015 – 05:26hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 20th May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD20may15_zpsgg3ygsfs.png

 

AUDUSD continues its bearish trend dropping below 0.7900 in the Asian trading session. The near term bias is Neutral to Bearish within range of 0.7880 to 0.7840 with some sideways movements expected in the European trading session.

 

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

 

Support is at 0.7896 while Resistance is at 0.7975 and 0.8032

 

20th May 2015 – 05:32hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY20may15_zpsluyculnp.png

 

USDJPY maintains its Bullish tone crossing 120.95 in the Asian trading session. Some correction in prices and sideways movements are possible in the European trading session. The near term bias remains Bullish with targets of 121.50 to 122.00

 

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

 

Support is at 120.28 while Resistance is at 121.17

 

20th May 2015 – 05:40hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 21st May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD21stmay15_zpsz4gijdms.png

 

EURUSD remained indecisive yesterday but closed lower at 1.1091 In the Asian trading session the pair is in a Bullish momentum and the near term bias remains bullish with targets of 1.1200 to 1.1250

 

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

 

Support is at 1.1061 while Resistance is at 1.1130

 

21st May 2015 – 05:07hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD21stmay15_zpsu4paleeb.png

 

GBPUSD remained sideways yesterday and is trading above the 20 day moving average. The near term bias remains bullish with targets of 1.5590 to 1.5620

 

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

 

Support is at 1.5497 while Resistance is at 1.5587

 

21st May 2015 – 05:14hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 21st May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD21stmay15_zpsq4wdwnvo.png

 

AUDUSD is in a Bullish tone in the Asian trading session trading above the 20day moving average. The near term bias is Neutral to Bullish within range of 0.7950 to 0.7980 with some sideways movements expected in the European trading session.

 

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

 

Support is at 0.7860 while Resistance is at 0.7921 and 0.7937

 

21st May 2015 – 05:20hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY21stmay15_zps0zv759nj.png

 

USDJPY was higher yesterday crossing its 20 day moving average at 121.14 In the Asian trading session it has entered into a bearish correction. The near term bias remains Bearish with targets of 120.80 to 120.60

 

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

 

Support is at 120.82 while Resistance is at 121.47

 

21st May 2015 – 05:27hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 22nd May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD22may15_zpsag0udzjj.png

 

EURUSD is in continuation of its Bullish phase with the pair trading above its 20day moving average in the Asian trading session. The near term bias remains bullish with targets of 1.1200 to 1.1250

 

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

 

Support is at 1.1097 while Resistance is at 1.1180

 

22nd May 2015 – 04:38hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD22may15_zpswirfgq4l.png

 

GBPUSD is in the consolidation phase with the pair trading above its 20day moving average in the Asian trading session. Sideways movements are expected in the European trading session. The near term bias remains bullish with targets of 1.5700 to 1.5750

 

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

 

Support is at 1.5551 while Resistance is at 1.5700

 

22st May 2015 – 04:47hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 22nd May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD22may15_zpsnyhtfid5.png

 

AUDUSD is in a Bullish tone in the Asian trading session trading above the 50day moving average. The near term bias is Neutral to Bullish within range of 0.7960 to 0.7990 with some correction expected in the European trading session.

 

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

 

Support is at 0.7876 while Resistance is at 0.7921 and 0.7949

 

22nd May 2015 – 04:52hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY22may15_zpsyr2lp27u.png

 

USDJPY is trading lower in the Asian trading session below its 20day moving average. The near term bias remains Bearish with targets of 120.50 to 120.20

 

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

 

Support is at 120.70 while Resistance is at 121.25

 

22nd May 2015 – 05:02hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 25th May, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD25may15_zpshtei0gqb.png

 

EURUSD came into a bearish trend on Friday coming down below its 20day moving average. The pair is currently trading at 1.0978 in the Asian trading session. The near term bias remains bearish with targets of 1.0950 to 1.900

 

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

 

Support is at 1.0964 while Resistance is at 1.1065

 

25th May 2015 – 05:26hrs GMT

 

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD25may15_zpsej1plv6u.png

 

GBPUSD started its bearish trend on Friday coming below its 20day moving average. The pair is trading at 1.5475 in the Asian trading session. The near term bias remains bearish with targets of 1.5450 to 1.5400

 

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

 

Support is at 1.5456 while Resistance is at 1.5521

 

25th May 2015 – 05:33hrs GMT

 

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

[FxGrow Support]

Daily Technical Analysis – 25th May, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD25may15_zpsknwwlhkh.png

 

AUDUSD came down on Friday and is trading below its 20day moving average of 0.7828 The correction has subdued in the Asian trading session with the pair trading at 0.7817 The near term bias is Neutral to Bearish within range of 0.7830 to 0.7750

 

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

 

Support is at 0.7802 while Resistance is at 0.7851 and 0.7860

 

25th May 2015 – 05:44hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY25may15_zpspdwo2v6t.png

 

USDJPY is in continuation of its Bullish trend with the pair trading above its 20day moving average in the Asian trading session. The near term bias remains Bullish with targets of 122.00

 

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

 

Support is at 120.82 while Resistance is at 121.77

 

25th May 2015 – 05:49hrs GMT

 

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.