Daily Technical Analysis by FxGrow

[FxGrow Support]

FxGrow Daily Technical Analysis – 04th Sept, 2015

By FxGrow Research & Analysis Team

 

NZDUSD - support is broken, target of falls 0.5900

 

NZDUSD for nearly two weeks is moving in a downward channel. Today there was an attempt to leave top of the channel but ended on a false breaking. On the chart appeared a long upper shadow and a red candle. It may end by the test of the lower limit of the channel at 0.6230 where there is also a minimum of 24 August. First bears must break the next support on level 0.6310.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-04_analiza_NZDUSD-H1_zpsudvmwfqs.jpg

 

 

Time-frame W1

 

NZDUSD for a year is moving in a strong downtrend and it looks like that falls will be continued. Seven weeks has lasted consolidation at support level 0.6500. So long impotence of bulls to perform bounce has to end broken of support. So it happened and support has been broken. Last week's minimum may cause slight rebound, but the next strong support is at 0.5900. That should be a target to bears which will allow for a longer rebound.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-04_analiza_NZDUSD-W1_zpsbm46oim7.jpg

 

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]

FxGrow Daily Technical Analysis – 07th Sept, 2015

By FxGrow Research & Analysis Team

 

EURAUD - breakout from the consolidation that lasted for three years

 

EURAUD on hourly interval approached to the resistance level at 1.6150. After his breakthrough nearest target will be 1.6585 which is a maximum of 24 August. The trend is upward (confirmed with the red line on the graph H1 and breakout from the consolidation on W1 chart). Any descent of pointed resistance should not be too deep because the bears will have to overcome several suport levels. Key support is at 1.5600.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-07_analiza_EURAUD-W1_zpskxttd1fk.jpg

 

 

Time-frame W1

Two weeks ago resistance that stopped move up for more than 2 years was broken. Long candle PIN BAR looks like fakey, but last week's candle confirmed the move up. August 24 the price has tested level which has not been since 2009 and return of the bulls to that level is a matter of time. After breakout the level 1.6585 next target will be at 1.7400.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-07_analiza_EURAUD-H1_zpsawjud88a.jpg

 

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]

FxGrow Daily Technical Analysis – 08th Sept, 2015

By FxGrow Research & Analysis Team

 

AUDJPY it's time for a rebound

 

In July and August AUDJPY moved in consolidation between the levels of 89.15 - 92.65. Break below pointed minimum of 24 August triggered a sharp move down. On the same day AUDJPY started to rebound, which achieved 50% of last downward move. August 24th bottom at the level of 82.00 was tested again last Friday. Rebound can be weak and successful pressure of the bears on level 82.00 will move down to the next support of 79.50.

 

Alternatively, if the bears will not aggressively push this rebound may come to the last resistance level at 87.30 and only there return to the declines.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-08_analiza_AUDJPY-H4_zpsno2xpl2c.jpg

 

Time-frame H1

 

For two weeks AUDJPY is moving in a downward channel. The lower limit of the channel was tested on Friday and rebounded. Today AUDJPY broke above upper limit of the channel. If this break was fakey last minimums will be again under pressure of sellers.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-08_analiza_AUDJPY-H1_zpsyswqdusf.jpg

 

 

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]

FxGrow Daily Technical Analysis – 08th Sept, 2015

By FxGrow Research & Analysis Team

 

EURUSD prepare for long movement

 

EURUSD after a false breakout above the triangle on August 24 returned to its range. Currently, the volatility is very small which normally ends with a dynamic movement. Policy of central banks suggests that the move could be down. From the one hand we have the FED meeting and possible rate hike. On the other hand, the ECB, which is in the middle of the QE program trying to weaken the euro. Break below the last support should lead price to a lower limit of the triangle (that is 1.0780).

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-08_analiza_EURUSD-M30_zps8gp5wpqf.jpg

 

Time-frame M30

Since the week beginning EURUSD moves in a upward channel. Today price tested lower band of the channel, chich caused the rebound. Break below lower band of this channel will be the first signal of upcoming falls.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-08_analiza_EURUSD-D1_zpsnx1ojhzf.jpg

 

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]

FxGrow Daily Technical Analysis – 09th Sept, 2015

By FxGrow Research & Analysis Team

 

GBPCAD waiting for test of fibo 50%

 

GBPCAD moves in an upward trend since 2013. Last two weeks were correction declines. Declines are very flat and even failed to reach fibo 50% of the last upward movement. This forces the behavior of skepticism about the further fast move up. Especially that GBPCAD reached levels which for many years make an important support or resistance. There are no signs of reversal the upward trend, but a correction or side movement at the moment are very likely. Fibo level of 50% 1.9550 may be tested in the near future. Today we can observe the dynamic movement due to the decision of the Bank of Canada on interest rates.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-09_analiza_GBPCAD-H4_zpsu3pl87vn.jpg

 

Time-frame H4

The nearest resistance WHERE price is already moving is at 2.0590. Support is at 2.0100. It is possibile that the price will test resistance and rebound to the support.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-09_analiza_GBPCAD-D1_zps8p42pvzt.jpg

 

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]

FxGrow Daily Technical Analysis – 09th Sept, 2015

By FxGrow Research & Analysis Team

 

EURCHF false-break from upward channel

 

Yesterday EURCHF has reached its highest level since 16 January. Bulls failed to stay over the resistance at 1.0960. There has been a rebound and return inside the upward channel. Price moves in a channel for a month and it is possible that now will move to the lower limit of that channel.

 

Right now, very important levels are 1.0960 and 1.0720. Their break will indicate the direction for some time. Currently, return to upward movement is more likely.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-09_analiza_EURCHF-H4_zpswaxuspbs.jpg

 

Time-frame M30

 

M30 time-frame looks more optimistic. After reaching new high there has been downward correction that stopped on the support near fibo 61,8%. EURCHF already may be after the correction and price will return to upward trend.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-09_analiza_EURCHF-M30_zpsfyyfbhbv.jpg

 

 

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]

FxGrow Daily Technical Analysis – 10th Sept, 2015

By FxGrow Research & Analysis Team

 

GBPJPY - correction that lasted three months may be near the end

 

GBPJPY is moving in an upward trend since 2012. Last three months was a correction descent and the inability to reach a new high. Level 195.80 stopped move up and it is a historical resistance. Recent upward movement from April to June 2015 have been corrected for less than 78.6%. Rebound from support of 180.40 caused the move up which stopped at the first resistance 185.20. Break above that resistance will cause move to 195.00, where bulls will try to end current correction. Alternatively, if the GBPJPY break below support at the 180.40 price will fall to 175.00.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-10_analiza_GBPJPY-D1_zpszgsflmte.jpg

 

 

Time-frame H1

 

For a week GBPJPY moves in an upward channel. Currently, the lower limit of the channel is located at 184.50 and top of the channel 187.30. Breaking down the channel will signal that the price could soon retest the support at 180.40.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-10_analiza_GBPJPY-H1_zpsifm5etli.jpg

 

 

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]

FxGrow Daily Technical Analysis – 10th Sept, 2015

By FxGrow Research & Analysis Team

 

AUDUSD came close to an important support

Wide view, time-frame W1

 

Since 2011 AUDUSD moves in a downward trend. At the daily time-frame we can determine channel, in which the price moves. At this moment nothing indicates the possibility of trend reversal, but it is already very close to important support at 0.6780. Rebound from this support can cause upward movement of about 800 pips. Alternatively, if bears proves to be stronger next resistance will be at 0.6010.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-10_analiza_AUDUSD-W1_zpspllzrc3t.jpg

 

 

Time-frame H4

The downward channel is also on a smaller interval. Today AUDUSD broke above downward channel. Correction of last downward movement should reach a minimum to fibo 38.2% (level 0.7100). If bulls prove to be strong enough, then reaction event to 0.7230 will be possible. There is the nearest resistance and the fibo 61.8%.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-10_analiza_AUDUSD-H4_zpsqqst4pfo.jpg

 

 

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]

FxGrow Daily Technical Analysis – 11th Sept, 2015

By FxGrow Research & Analysis Team

 

EURCAD time for a decision - up or down after reaching the September's top.

 

Wider view D1

 

EURCAD since April 2015 moves in upward channel. At the end of August we saw an unsuccessful attempt to broke above the Upper limit of the channel, which resulted in return to its lower band. Bulls started their purchases and there has been a rebound. After breakout strong resistance at 1.5560 has been tested. Price in the long term moves in a downward trend. 1998, 2008, 2014 highs, were followed by lower tops and lower lows.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-11_analiza_EURCAD-D1_zps83gkrwtj.jpg

 

 

Time-frame H1

 

On 28 August EURCAD moved in a side trend between support 1.4600 and resistance 1.5000. Since the beginning of September another resistance at 1.4920-1.4940 was formed, which today was broke from below. After breakout, the price has moved up about 50 pips where was stopped by even stronger resistance 1.5000. If this next resistance will be broken, the next targets will be in sequence 1.5200, 1.5430 and a peak of August 24 1.5560. However, if the bulls not be able to sustain upward movement and the price will return below 1.4940, the test of the March bottom on the level 1.4600 would be likely.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-11_analiza_EURCAD-H1_zps1nmib1aa.jpg

 

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]

FxGrow Daily Technical Analysis – 11th Sept, 2015

By FxGrow Research & Analysis Team

 

GBPAUD - waiting for exit from consolidation

 

Time-frame H1

 

Since the beginning of September GBPAUD moves in a side trend between resistance at 2.2100 and support 2.1670. Break above this resistance will lead price to 2.2400 which is the last top established on 24 August. Alternatively break below this support will bring price around 2.1500 - 2.1450.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-11_analiza_GBPAUD-H1_zpsbwcx8kkt.jpg

 

 

Wider view, time-frame D1

 

Since 2013 GBPAUD moves in an upward trend. Nearest strong resistance is around 2.2600 - 2.2800. But to get to that area bulls must break above the last high. Since April 2015 the price moves in the upward channel. Currently range of this channel is 2.1600 - 2.2500. Breaking one of these levels will set the future direction for a while.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-11_analiza_GBPAUD-D1_zpswk5zplz5.jpg

 

 

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 September 14, 2015 by FxGrow Support

[FxGrow Support]

FxGrow Daily Technical Analysis – 14th Sept, 2015

By FxGrow Research & Analysis Team

 

USDJPY breakout of the triangle will point the direction of move

 

Since 3 weeks USDJPY moves in a triangle, whose lower and upper band have been tested for two times. Correction which lasts for a month was abolished by 61.8% (so amounted to rebound after drop). This suggests that there is still more likely to continue correction than the end of it and return to move up. In the triangle we are slowly running out of space. If the market will react on that formation effective break out will point further movement.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-14_analiza_USDJPY-H1_zpsdnwv292o.jpg

 

Wider view D1

 

Since 2012 USDJPY is moving in an upward trend. At that time the price rose from 76 in January 2012 to 120.50 last Friday. At the level of the maximum of August, price was recently in 2002. For now this resistance stopped further upward movement. On the other hand strong suport is on the level 116. Last time it was tested in 24 August. This support for almost a year does not allow price to fall.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-14_analiza_USDJPY-D1_zpsetw0yb1b.jpg

 

 

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]

FxGrow Daily Technical Analysis – 15th Sept, 2015

By FxGrow Research & Analysis Team

 

EURUSD - consolidation under the upper arm of the triangle

 

Time-frame H1

 

Since September 4 EURUSD moves in an upward channel. Last friday was break above the resistance at level 1.1305, but the bulls joy did not last long because already the next day the price back below resistance. In upcoming days it should be test the lower limit of the channel on 1.1270 and rebound. The target of the rebound will be the level 1.1370 which is the local maximum. High volatility on EURUSD is to be expected on Thursday, after the Fed's decision on interest rates.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-15_analiza_EURUSD-H1_zps7yo7l89h.jpg

 

Wider view - interval D1

 

Since the beginning of the year EURUSD moves in the triangle. In late of August there was an attend to break above the triangle, which ended with a fakey and price returned to the interior of the triangle. The last dynamic upward movement was ended on 24 August at the level of 1.1710. We saw a corrective decrease from that level, which stopped at the 88,6% Fibonacci retracement of last upward move. If the price will keep in area of the upper limit of the triangle it will increase the chance of successful break of resistance and move upward.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-15_analiza_EURUSD-D1_zpsvp0str12.jpg

 

 

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]

FxGrow Daily Technical Analysis – 15th Sept, 2015

By FxGrow Research & Analysis Team

 

GBPJPY - test of the rising trend line

 

After a period of much volatility in the last few days the movement of price is in the consolidation. The current support defending against falls is in the level of 184.20, and resistance that will stop further rise in the price level is 186.80. If the bears will break below pointed suport, the target of falls will be 180.40. Alternatively, break above of consolidation can bring the price to 195.00.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-15_analiza_GBPJPY-H1_zpsarjqdd1r.jpg

 

 

Wider view D1

 

At the interval D1 GBPJPY is still moving in an upward trend and the trend line was tested last week. However if the bulls will show weakness, and led to the next level test September minimum break of the trend line could become a reality.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-15_analiza_GBPJPY-D1_zpsae9ma59e.jpg

 

 

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]

FxGrow Daily Technical Analysis – 16th Sept, 2015

By FxGrow Research & Analysis Team

 

EURGBP - weakened bulls and fundamentals confirm the possibility of falls

 

Since three weeks price moves in consolidation. Near resistance, which stops the upward movement is on 0.7400. Resistance was tested two times, so the third time also should be failed. The nearest support level is 0.7240, and its break below will cause the price movement to 0.7160. Last rebound from the support was not as strong as the previous one. This suggests that the bulls are weakening.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-16_analiza_EURGBP-H4_zpsmgissrdo.jpg

 

Wider view W1

 

Since 2013 EURGBP fall from 0.8765 to 0.7000 in August 2015. This year the falls slowed, from January price moves in the channel. Fundamentally, the euro should continue to weaken because of the divergent policies of central banks. The Bank of England is on the way to interest rate hike. While the European Central Bank is in the middle of monetary policy easing program. For this reason, we are now seeing rather sorth pause of falls than the beginning of a trend reversal.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-16_analiza_EURGBP-W1_zpsvmpks8fb.jpg

 

 

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]

FxGrow Daily Technical Analysis – 16th Sept, 2015

By FxGrow Research & Analysis Team

 

USDTRY - level 3.0000 may cause a correction?

 

An interesting situation on USDTRY (US dollar to Turkish lira). Price is in impressive upward trend since 2010. At the beginning of September level of 3.00000 was broke above and many investors became interested. Because since two years, there wasn't a bigger correction. For now, at such a strong uptrend short positions would be risky, but USDTRY is worth of attention.

 

The nearest resistance is at 3.07000. Close support is 3.00000, and after it has been broken below the next support level is on 2.90000. The second support also reinforces the 38,2% Fibonacci retracement of last upward move. However only break below the next support which means fall below the 2.80000 will be a warning of USDTRY deeper correction. The last pointed level is also the 61,8% Fibonacci retracement of last upward move.

 

Time-frame H4

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-16_analiza_USDTRY-W1_zpsr0sfc5nw.jpg

 

Time-frame W1

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-16_analiza_USDTRY-H4_zpsvcbfwk6x.jpg

 

 

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]

FxGrow Daily Technical Analysis – 18th Sept, 2015

By FxGrow Research & Analysis Team

 

GBPCAD - the bulls are not giving up

 

Since beginning of August GBPCAD move up 500 pips from the bottom and it is moving in the upward channel. On Thursday upward movement was stopped on the resistance 2.0530. However bulls could break it soon. Upward movement may take place in the channel and bring the price to the August high on 2.0900. Alternatively, if the move up are not continued the supports for the bulls will be at the levels 2.0260 and 2.0030.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-18_analiza_GBPCAD-H4_zpsbqyxb6ik.jpg

 

Wider view, interval monthly

 

Since 2013 GBPCAD moves in upward trend. The next resistance were broke by bulls with success. Last month, the price reached to the next significant resistance at 2.0900 and on the monthly chart appeared downward candle with a long upper shadow. Bulls are not surrending, and after almost three weeks of September recovered half of August candle. Too fast attempt to break through this resistance may end with deeper correction. So the best thing that bulls may do is to wait on the consolidation below the resistance.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-18_analiza_GBPCAD-M1_zpsiiygy9gd.jpg

 

 

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]

FxGrow Daily Technical Analysis – 18th Sept, 2015

By FxGrow Research & Analysis Team

 

AUDJPY in consolidation, nearest resistance could be a chance for a short

 

After August decreases – which culminated on August 24th – price finally rebounded. Rebound reached 50% Fibonacci retracement of last downward move, then AUDJPY returned to falls. That bottom at 82.10 with an accuracy of 2 pips confirmed its strength as a support. Price approached the resistance of the last 3 weeks. If bears takes the initiative near 87.25 the further test of August's minimum will be possible. However if an attack on the resistance succeeds the next resistances will be on 89.40, 92.40.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-17_analiza_AUDJPY-H4_zpsfu07xk0d.jpg

 

 

Wider view, time-frame W1

 

In the long term since mid-2009 AUDJPY moves between levels 72 - 104. Last year after getting closer to the upper limit of this range falls occurred. Since then the price moves in a downward channel, the lower limit has been tested in early September. If the bears will take the control now a bottom of 2015 can be deepened. Alternatively, if the bulls shows strength upward move can reach 92.00 in the long term.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-17_analiza_AUDJPY-W1_zpsntqxvwmz.jpg

 

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]

FxGrow Daily Technical Analysis – 18th Sept, 2015

By FxGrow Research & Analysis Team

 

NZDUSD - Bulls on the offensive, the target of upward movement is 0.6700

 

Thursday's Fed meeting turned out to be very negative for the dollar bulls. At NZDUSD shortly after the FED's decision followed attempt of break above resistance at the level 0.6400. The attempt proved to be false and the price returned creating a false breakout on the chart. The dollar weakened today to the main currencies EURUSD has exceeded 1.1400, GBPUSD went over 1.5600. Also on NZDUSD bulls decided to try attacking again on yesterday's resistance. At this moment, the resistance has been broken above and we should see upward move to 0.6500 level, and this area should appear of correction. When it appears it could bring price to re-test of resistance at 0.6400, a level which has now become the new support. If level 0.65 will be also break above, it will open the road to a level 0.6700, which should stop upward movement for a longer time.

 

Wider perspective

 

Since the middle of 2014 NZDUSD is in a downward trend therefore the current rally still should be regarded as a rebound.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-18_analiza_NZDUSD-H4_zps7p164re8.jpg

 

 

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]

FxGrow Daily Technical Analysis – 21st Sept, 2015

By FxGrow Research & Analysis Team

 

EURAUD - breakout from the consolidation will indicate the direction of movement

 

Since last week EURAUD can't go away from the level of 1.5770. The downward movement stops at support 1.5660, and move up stops at resistance 1.5940. Dynamic upward candle, which took place on Thursday after the Fed decision also does not help with consolidation breakout. If break below that consolidation will be successfully next support on 1.5600 has a chance to cause a rebound. On the other hand, the break above resistance 1.5940 will take price first to 1.6160 and next to 1.6600.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-21_analiza_EURAUD-H1_zps7mq0fjb9.jpg

 

Wider view, interval W1

At weekly interval we can indicate another significant levels. After breaking down the 1.5600 level, the downward movement may reduce price to 1.3800. But break above the level 1.6600 will bring the price to 1.7400.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-21_analiza_EURAUD-W1_zpsov1kgwpv.jpg

 

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]

FxGrow Daily Technical Analysis – 21st Sept, 2015

By FxGrow Research & Analysis Team

 

USDJPY waiting for the triangle breakout

 

Since one month USDJPY moves in the triangle formation. Its range of movement is clearly slowing down. Therefore, the breakout of the triangle in one direction will bring dynamic movement. Currently, the lower arm of the triangle is 119.20, and the upper arm 120.90. If the lower arm of the triangle breaks below, downward movement will lead price to 118.30. If that support also will not stop the falls the next target of downward move is the August minimum at 116.10.

 

However, if bulls break above the upper arm of the triangle the next levels of resistance will be located at 122.00 and 125.20. Successfull break above that levels will confirm that the correction on USDJPY has now been completed and the price goes back to the uptrend.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-21_analiza_USDJPY-H4_zpsj9wwkbub.jpg

 

 

Wider view, interval W1

Since 2011 USDJPY moves in upward trend. At this time bears failed to correct upward movement even on the smallest Fibonacci level of 23.6%. If falls finally comes, level 114.00 which is 23.6% fibo will be the first target.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-21_analiza_USDJPY-W1_zpsylvv64nc.jpg

 

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]

FxGrow Daily Technical Analysis – 22nd Sept, 2015

By FxGrow Research & Analysis Team

 

EURUSD rebound from the resistance, target of falls 1.1090

 

Last Thursday EURUSD has reached to 1.1460 and that level cause rebound. The first support, which could stop the descent was the level of 1.1214 but bears broke below it. Another support which price is aiming is around 1.1145 - 1.1135. If the price reaches to that area and it will be breaking the next target of falls will be 1.1090. Since Thursday EURUSD also moves in a steep downward channel which reflects well on the strength of bears.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-22_analiza_EURUSD-D1_zpsxbeebizg.jpg

 

Wider view, interval D1

In 2015 EURUSD moves in the consolidation between the levels 1.1460 - 1.0460. Indicated top was a false break only for a while in August. And indicated bottom has been tested only once in March and in the following months the price stopped already at higher levels. The last important support is 1.0815.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-22_analiza_EURUSD-M30_zps9sx7r2eg.jpg

 

 

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]

FxGrow Daily Technical Analysis – 22nd Sept, 2015

By FxGrow Research & Analysis Team

 

USDCAD – false break of consolidation lower limit

 

An interesting situation in the USDCAD. For a month price moved in the consolidation between resistance 1.3320 and support 1.3130. Last Friday there was an attempt to break below the support that lead the price to the level 1.3010. On that support bulls returned to the game. On the daily chart a long lower shadow appeared and USDCAD returned to the consolidation range. Currently, the price is moving to the upper limit of consolidation on the level 1.3320.

 

It is worth to note, that the USDCAD moves in a long-term uptrend, and often false breakout from the consolidation in one direction ends with a proper breakout in the opposite direction. If such situation will take place it will follow the main trend. A minimum target of upward movement is a level 1.3800.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-22_analiza_USDCAD-H4_zpsakruugf5.jpg

 

 

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]

FxGrow Daily Technical Analysis – 23rd Sept, 2015

By FxGrow Research & Analysis Team

 

EURGBP breakout of the triangle with a range of 0.7060 decline

 

For a month EURGBP moves in a shape of downward triangle. This formation promises falls and it is in line with long-term downward trend. On Monday there was a break below of the triangle after a longer test of the level 0.7240. Support came to help bulls, which is located at the 0.7210 level. There was a rebound and return to the interior of the triangle.

 

If the rebound will be successful it may test level 0.7340, which is the top of the triangle. However, if in the near future the bulls will press harder break below the triangle will become a fact. Range of the falls will be equal to the height of formation. The target level after breaking the triangle will be 0.7060. Before that, supply will have to deal with more supports: 0.7210, 0.7160, 0.7100, 07040. Alternatively, if the triangle has been break above a nearest resistance is 0.7390.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-23_analiza_EURGBP-H4_zpsfnncpkiz.jpg

 

 

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]

FxGrow Daily Technical Analysis – 23rd Sept, 2015

By FxGrow Research & Analysis Team

 

AUDNZD - a trend reversal or just a corrective rebound?

 

Since 4 months AUDNZD moves in a consolidation between 1.0900 and 1.1430. On August 24 there was a dynamic upward movement. Within a 30 minutes candle price moves up and fall about 900 pips. Since then the price has reduced the range of its movement. Right now it moves in the consolidation between 1.0900 and 1.1340. AUDNZD now rebounded from the resistance at the indicated level and is heading 1.0900.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-23_analiza_AUDNZD-H4_zpswijv4hhb.jpg

 

Wider view, interval W1

 

Since 5 years AUDNZD moves in a downward trend but the minimum, which took place at the beginning of April this year, begins to indicate a possibility of trend reversal. Direction of breakout from flag will be very important. Flag is a pattern of trend continuation and it should be break above. Break above will give a chance even to trend reversal. However, if the flag breaks below, then this whole movement will take the form of a rebound and AUD/NZD will come back to the main trend (the downward one).

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-23_analiza_AUDNZD-W1_zpsrzh4doaz.jpg

 

 

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]

FxGrow Daily Technical Analysis – 28th Sept, 2015

By FxGrow Research & Analysis Team

 

EURGBP - the appropriate breakout of the triangle up

 

On September 21 was a break below the triangle. However already the first support on 0.7200 mobilized bulls to buy and on next day there was a return to inside the triangle. Using the situation that on chart is formation fakey (false breakout) the bulls were attempted broke above the triangle. It was successful. Upward movement has been stopped at 0.7400 and currently the price is moving between the triangle and resistance. If break above the level 0.7400 will be successful the next target of upward movement is 0.7480. However, if bulls show the weakness the price should return to inside the triangle again.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-28_analiza_EURGBP-H4_zpsyaxwn7k3.jpg

 

 

Wider view, interval W1

Since 2009 EURGBP moves in a downtrend. In this time price has fallen from 0.9800 to 0.6940. Currently rebound is in progress and move up abolished only 23.6% of the last downward movement. Level 0.7650 could be tested which is 38.2% fibo. Earlier, the bulls will have to deal with some resistance: 0.7480, 0.7550, 0.7590. The strongest of the indicated resistance will be 0.7550, which marks the downward trendline.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-28_analiza_EURGBP-W1_zpswhqwcuiu.jpg

 

 

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.