Daily Technical Analysis by FxGrow

[FxGrow Support]

Daily Technical Analysis – 10th Aug, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD10Aug15_zps527jw0xa.png

 

EURUSD was indecisive last week and opened the week lower at 1.0949 today. Now the pair is trading above its 20day moving average of 1.0931 in the European trading session. The near term bias remains Bullish with targets of 1.1010

 

RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCH (9, 6), STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

 

Support is at 1.0940 while Resistance is at 1.0982

 

10th Aug 2015 – 06:44hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD10Aug15_zpswxpgnkun.png

 

GBPUSD was bearish last week as it touched a low of 1.5423 and opened this week higher at 1.5487 in the Asian trading session. Now the pair is trading below its 20day moving average of 1.5495 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5410

 

RSI (14), STOCH (9, 6), CCI (14) are Neutral; MACD (12, 26), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

 

Support is at 1.5470 while Resistance is at 1.5509

 

10th Aug 2015 – 06:49hrs 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.

Edited August 10, 2015 by FxGrow Support

[FxGrow Support]

Daily Technical Analysis – 10th Aug, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD10Aug15_zpsrskiyexp.png

 

AUDUSD was bullish last week and opened the week firm in the early Asian trading session. Now the pair is trading just above its 20day moving average of 0.7383 in the European trading session. The near term bias remains Bullish with targets of 0.7440

 

RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCH (9, 6), STOCHRSI (14) are Overbought; while Average True Range (14) indicates High Volatility.

 

Support is at 0.7394 while Resistance is at 0.7421

 

10th Aug 2015 – 07:01hrs GMT

 

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY10Aug15_zpsinljbrof.png

 

USDJPY was indecisive last week and opened the week higher in the early Asian trading session today. Now the pair is trading below its 20day moving average of 124.60 in the European trading session. The near term bias remains Bearish with targets of 124.00

 

RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates High Volatility.

 

Support is at 124.09 while Resistance is at 124.34

 

10th Aug 2015 – 07:05hrs 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 Aug, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD11Aug15_zpssgzbsh2s.png

 

EURUSD was bullish yesterday as it touched a high of 1.1040 yesterday and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.1003 in the European trading session. The near term bias remains Bullish with targets of 1.1080

 

RSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

 

Support is at 1.0913 while Resistance is at 1.1065

 

11th Aug 2015 – 08:26hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD11Aug15_zps6eumy2ol.png

 

GBPUSD was bullish yesterday as it touched a high of 1.5603 and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5577 in the European trading session. The near term bias remains Bullish with targets of 1.5650

 

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

 

Support is at 1.5514 while Resistance is at 1.5626

 

11th Aug 2015 – 08:30hrs 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 Aug, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD11Aug15_zpsq17oaatl.png

 

AUDUSD was bullish yesterday as it touched a high of 0.7437 and remained firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7376 in the European trading session. The near term bias remains Bearish with targets of 0.7280

 

RSI (14), STOCHRSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCH (9, 6) is Oversold; while Average True Range (14) indicates High Volatility.

 

Support is at 0.7327 while Resistance is at 0.7428

 

11th Aug 2015 – 08:54hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY11Aug15_zpskx4g9aey.png

 

USDJPY was bullish yesterday as it touched a high of 124.77 and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 124.67 in the European trading session. The near term bias remains Bullish with targets of 125.50

 

RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates High Volatility.

 

Support is at 124.43 while Resistance is at 125.06

 

11th Aug 2015 – 08:58hrs 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 Aug, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD12Aug15_zpsfovjiogw.png

 

EURUSD was bullish yesterday as it touched a high of 1.1087 yesterday and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.1055 in the European trading session. The near term bias remains Bullish with targets of 1.1170

 

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, MA100, MA200 indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility.

 

Support is at 1.1045 while Resistance is at 1.1111

 

12th Aug 2015 – 08:14hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD12Aug15_zpsnpl9vtcb.png

 

GBPUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5573 in the European trading session. The near term bias remains Bullish with targets of 1.5650

 

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

 

Support is at 1.5530 while Resistance is at 1.5644

 

12th Aug 2015 – 08:18hrs 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 Aug, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD12Aug15_zps8fcaqkeo.png

 

AUDUSD was bearish yesterday and remained weak towards the end of the trading session. Now the pair is trading above its 20day moving average of 0.7288 in the European trading session. The near term bias remains Neutral to Bullish with targets of 0.7360

 

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

 

Support is at 0.7234 while Resistance is at 0.7324

 

12th Aug 2015 – 08:23hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY12Aug15_zpsbkjcqoc4.png

 

USDJPY was bullish yesterday and remained firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 125.01 in the European trading session. The near term bias remains Bearish with targets of 124.00

 

RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates High Volatility.

 

Support is at 123.75 while Resistance is at 124.78

 

12th Aug 2015 – 08:27hrs 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 – 13th Aug, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD13Aug15_zpsousm7qzm.png

 

EURUSD was bullish yesterday as it touched a high of 1.1212 yesterday but came down towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.1156 in the European trading session. The near term bias remains Bearish with targets of 1.1080

 

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

 

Support is at 1.1078 while Resistance is at 1.1148

 

13th Aug 2015 – 07:33hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD13Aug15_zpsm4fxq7dr.png

 

GBPUSD was indecisive yesterday but remained on the higher side towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5621 in the European trading session. The near term bias remains Bullish with targets of 1.5670

 

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

 

Support is at 1.5551 while Resistance is at 1.5660

 

13th Aug 2015 – 07:36hrs 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 Aug, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD13Aug15_zps6kvnu7hv.png

 

AUDUSD was bullish yesterday and touched a high of 0.7385 remaining firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7375 in the European trading session. The near term bias remains Neutral to Bearish with targets of 0.7300

 

RSI (14), STOCH (9, 6) are Neutral; ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

 

Support is at 0.7322 while Resistance is at 0.7380

 

13th Aug 2015 – 07:40hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY13Aug15_zps4g6tsu0u.png

 

USDJPY was bearish yesterday s it touched a low of 123.79 and then recovered mildly towards the end of the trading session. Now the pair is trading above its 20day moving average of 124.23 in the European trading session. The near term bias remains Bullish with targets of 125.00

 

RSI (14), STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

 

Support is at 124.27 while Resistance is at 124.70

 

13th Aug 2015 – 07:44hrs 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 Aug, 2015

By FxGrow Research & Analysis Team

 

EURUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD14Aug15_zpsvha1wf6z.png

 

EURUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading just above its 20day moving average of 1.1142 in the European trading session. The near term bias remains Neutral.

 

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

 

Support is at 1.1113 while Resistance is at 1.1165

 

14th Aug 2015 – 06:47hrs GMT

 

 

GBPUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD14Aug15_zpszqrfi7qm.png

 

GBPUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5621 in the European trading session. The near term bias remains Bullish with targets of 1.5670

 

RSI (14) is Neutral; STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

 

Support is at 1.5590 while Resistance is at 1.5627

 

14th Aug 2015 – 06:52hrs 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 Aug, 2015

By FxGrow Research & Analysis Team

 

AUDUSD

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD14Aug15_zpsshf4o4mq.png

 

AUDUSD was bearish yesterday and touched a low of 0.7321 and then recovered towards the end of the trading session. Now the pair is trading above its 20day moving average of 0.7362 in the European trading session. The near term bias remains Bullish with targets of 0.7450

 

RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

 

Support is at 0.7327 while Resistance is at 0.7394

 

14th Aug 2015 – 06:57hrs GMT

 

 

USDJPY

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY14Aug15_zpsmqv7extm.png

 

USDJPY was indecisive yesterday towards the end of the trading session. Now the pair is trading below its 20day moving average of 124.41 in the European trading session. The near term bias remains Bearish with targets of 124.00

 

RSI (14), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

 

Support is at 124.22 while Resistance is at 124.47

 

14th Aug 2015 – 07:00hrs 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]

FxGrow Daily Technical Analysis – 17th Aug, 2015

By FxGrow Research & Analysis Team

 

EURUSD (D1) Will the price fall after two bearish formations?

 

Double Top at 1.121 EURUSD and broken growth channel. The second formation is Evening Star (blue color on chart). Target Falls: 1.082

 

Alternative Scenario: Moving back inside bullish channel.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-17_analiza_EURUSD_ang_D1_zps6rugxko5.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 Aug, 2015

By FxGrow Research & Analysis Team

 

USDCAD ends correction and now it's time for a new peak

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-18_analiza_USDCAD_H1_zpszitr9i7r.jpg

 

USDCAD (US Dollar vs. Canadian Dollar) is at levels which were seen in 2004. Traders are biding higher levels what asures that the current trend will maintain. The rally is also supported by the structure of the current growth which formed since bottom made in 2012 a characteristic pattern described in Elliott Wave Theory as a 'Impulse Wave'.

 

The nearest resistance levels are 1.3212 (last peak), then 1.33 and 1.35. The last level is a Fibonnacci dependence where wave 1 = wave 5.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-18_analiza_USDCAD_H4_zpswrwntqsy.jpg

 

Last week USDCAD breached higher out of the downward channel and now it is moving towards the last peak. On 1-hour time frame the price tested the lower bound of the upward channel what have triggered a demand-side response.

 

For this currency pair long positions are preferred.

 

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 – 20th Aug, 2015

By FxGrow Research & Analysis Team

 

USDCHF - bottom exit from consolidation and breached out support

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-20_analiza_USDCHF_H1_zpsqjrywiyv.jpg

 

For a week USDCHF was moving in consolidation and created a channel with the width of 75 pips

 

Yesterday, the bears were able to breach out of the channel bottom and momentum to break the next support. In the chart it is also showed that there has been a re-test of broken support which has now become resistance. At daily interval situation is even more ambigous.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-20_analiza_USDCHF_D1%201_zps1boe5rif.jpg

 

Yesterday's candle breach out of the channel bottom with great force and now it is expected that soon it will move in the direction of 0.95000.

 

 

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 – 25th Aug, 2015

By FxGrow Research & Analysis Team

 

Test of the longterm trend line and defense of support on GBPJPY.

 

GBPJPY is moving in an upward trend since the beginning of 2012. Although for the last 10 weeks GBPJPY did not break the peaks, but the upward trend is not compromised. Last Friday the bears were able to breach out of the channel bottom (interval H4) in which GBPJPY moved for 1.5 weeks. The result was yesterday's downward dynamic movement, which led price below July's support. Bulls, quickly began to buy and on the chart pemained only a long lower shadow.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-25_analiza_GBPJPY-W1_zps7vup8gr4.jpg

 

 

Weekly interval.

 

The current weekly candle has supported the upward trend line and is the third test of this line of 2012. The resistance that stopped move up at the level 195.00 was created in the years 2005, 2008 and it is the first serious test for the bulls since 2013.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-25_analiza_GBPJPY-H4_zpst4h1jc5h.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 – 25th Aug, 2015

By FxGrow Research & Analysis Team

 

NZDUSD - 400 pips in 15 minutes and a false breakout from consolidation

 

New Zealand Dollar to US Dollar Rate moves in a downward trend since mid-2014 year. The movement of prices over the past four months took the shape of the downward channel, in which the price has dropped from 0.77 to 0.65.

 

In early August NZDUSD broke out successfully from the downward channel and created a consolidation. Yesterday it made a dynamic move downward breaking the bottom of a consolidation and then a moment later it returned to the inside. The support that stopped the descent is in the level of 0.6135, and these are the levels at which the NZDUSD has not been since 2009.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-25_analiza_NZDUSD-H4_zpsm3feeer4.jpg

 

 

Interval H4

 

After returning to the consolidation NZDUSD tries to break next intraday resistance which is the level of 0.6530. If the break will be successful the target of move up will be level 0.6700.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-25_analiza_NZDUSD-D1_zpsu4thymfo.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 – 26th Aug, 2015

By FxGrow Research & Analysis Team

 

GBPUSD - move in the upward channel and attempt to exit from consolidation

 

From the bottom of 7 August formed the upward channel, in which "Cable" moves. Currently, the lower limit of the channel is located at 1.5667 and right now price moving in that direction. The movement of GBPUSD below 1.5667 level will indicate breakout of upward channel and return to the interior of consolidation. Rebound of this level will begin a new upward

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-26_analiza_GBPUSD-H1_zps1rz2nndm.jpg

 

Last week I pointed out consolidation, which the GBPUSD broke up on Monday. However, yesterday there was a return movement that could mean a re-test of the consolidation or a false breakout and return to its interior.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-26_analiza_GBPUSD-H4_zpsggnete8s.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 August 26, 2015 by FxGrow Support

[FxGrow Support]

FxGrow Daily Technical Analysis – 27th Aug, 2015

By FxGrow Research & Analysis Team

 

EURUSD broke out of the triangle, range of breaking 1.2400

 

EURUSD on Monday reached the highs of January 2015. At the same time there has been a breakout of the triangle, which was forming since February of this year. Today's session will be very important because yesterday the EURUSD returned to the interior of the triangle, but descents stopped at its upper limit. If the breakout is successful range of breaking is the level of 1.2400 However if there has been returning move to a triangle it is not excluded that the proper breakout of the triangle It will be down, and then its range of breaking will be around 1.0000

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-27_analiza_EURUSD-D1_zpsyo3insuw.jpg

 

Interval H4

Descents stopped at the fibo 61,8% last move and it will be a good moment to return to upward movement.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-27_analiza_EURUSD-H4_zpsdy6wxbmu.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 – 27th Aug, 2015

By FxGrow Research & Analysis Team

 

EURJPY - August minimum test

 

EURJPY moves for a month in a flat consolidation between 135.00 - 139.00. At the moment it is testing a lower limit of this consolidation. Successful break of this support will take a price to 133.30 and its defense will move towards 139.00.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-27_analiza_EURJPY-D1_zpszxdnfg4x.jpg

 

Interval H4

 

On Monday after attempt of breaking top of consolidation price formed double peak formation. EURJPY dynamically move inside downward trend channel. The first sign that this support will stop descent will be break upper limit of this channel.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-27_analiza_EURJPY-H4_zpsmsaxbvip.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 Aug, 2015

By FxGrow Research & Analysis Team

 

AUDUSD rebound after the fall and movement of the flag formation.

 

AUDUSD since 2011 is moving in a downward trend, and the last six months there is a movement in the channel. On Monday a strong downward candle AUDUSD has tested the lower limit of the channel. At the lower band bulls appeared which is evident on the chart in the form of a long lower shadow. At the moment the price is in the middle of the channel however this move is more preparation before further falls rather than attempt of a long rebound.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-28_analiza_AUDUSD-D1_zpsnq1g0nct.jpg

 

Interval H1

 

After Monday's fall rebound was quickly, which abolished the 61.8% downward movement. For two days AUDUSD moves in the flag and the maximum level, which should stop the upward movement is 0.7240. The flag is a trend continuation formation so on AUDUSD is recommended for short position.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-28_analiza_AUDUSD-H1_zpsuz1lk2w9.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 – 31st Aug, 2015

By FxGrow Research & Analysis Team

 

USDCAD - resistance stopped the upward movement

 

USDCAD from 2011 is moving in an upward trend. In this period it has gained almost 50% in value from 0.94 to 1.33. USDCAD is at levels which were seen in 2004. Easily break out of the level 1.3350 should not succeed which May cause move down. Price moves inside upward regression channel, and if falls start they will bring USD/CAD down even to 1.2400. That level is a lower limit of the trend channel.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-31_analiza_USDCAD-H1_zpsw1qmif5v.jpg

 

 

H1 Time-frame

 

Last week a peak of 1.3350 was reached and increases have been stopped. Further falls are currently stopped by support near 1.3170. Possible breakdown of this level could bring price to 1.3080.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-31_analiza_USDCAD-D1_zpsrwhwwym6.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 – 31st Aug, 2015

By FxGrow Research & Analysis Team

 

GBPJPY - completed a simple correction and resumption of the main trend

 

In a longterm on GBPJPY there is an upward trend, and last drop that started in June closer to the end. Length CD last move downward (which began on 18 August from 195.26) is equal length AB (visible on the daily chart). If last week's bottom wouldn't be break in the coming days, we may see a new move upward. Alternatively break this level could bring price to 177.80 or 161.8% fibo AB.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-31_analiza_GBPJPY-D1_zps8gg6b3nl.jpg

 

H1 Time-frame

 

At the H1 interval upward channel formed, in which the price moves for four days. After the last drop, the channel looks like a flag. It prefer a scenario that I described above as an alternative. Descent to the level of 177.80, and return to growth.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-08-31_analiza_GBPJPY-H1_zpshh5vmegm.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 – 01st Sept, 2015

By FxGrow Research & Analysis Team

 

EURJPY - 4 months in consolidation

After a dynamic movement from December 2014 to April 2015 in May EURJPY started move In consolidation. Main support is 133.00 and resistance 141.00. On historical chart we may see that the move without volatility like now has ended with dynamic movement. However as long as one of the sides do not obtain advantage bulls will be closing long positions on the indicated resistance and bears will be closing short positions on indicated support and consolidation will continue.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-01_analiza_EURJPY-H1_zpsfb9g4lwa.jpg

 

H1 Time-frame

 

At the interval H1 there is even greater stagnation, which runs from 26 August. Price moves in the triangle between the levels of 135.25 and 136.50.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-01_analiza_EURJPY-D1_zpsjnhvd3ve.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 – 03rd Sept, 2015

By FxGrow Research & Analysis Team

 

USDJPY - important resistance began a correction?

 

High volatility in USDJPY took place on 20-24 August where was a drop from 124.00 to 116.13. Currently it settled down and price for more than a week moves in a flat upward channel. Nearby intraday support is on 118.40 and resistance 122.00. After break one of them a further target is above-mentioned extreme.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-03_analiza_USDJPY-H1_zpsbcujmurn.jpg

 

Time-frame M1

 

USDJPY is moving in an upward trend. The level 125.80 which stops further upward movement is a major resistance. It already stopped trend in the years 2001, 2002 and 2007. There is a probability of correction because there wasn't any since three years. If the last drop will be a beginning of the correction the minimum level of falls is 38.2% fibo (106.60 level).

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-03_analiza_USDJPY-M1_zpspgydksqm.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 – 03rd Sept, 2015

By FxGrow Research & Analysis Team

 

AUDCAD - breached two years support

 

After fourth test of support on level 0.9400 bears reached its purpose and support was breached. The price was so low last time in August 2013. At the same time there's only 100 pips left to the next support. Its breakthrough could lead price to a level 0.8600 and below. After a bounce, level of 0.9400 will be resistance to upward movement. Next resistance is 0.9740.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-03_analiza_AUDCAD-W1_zps5azaf1m2.jpg

 

Time-frame H4

 

Downward trend on AUDCAD for a month took the form of a channel. The lower limit of the channel has been tested od Tuesday and since then the price is trying to bounce back. If the bulls break through resistance at 0.9360 this bounce may lead price to 0.9500, where is another resistance and the upper limit of the downward channel.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-03_analiza_AUDCAD-H4_zpsxcoemvfw.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 – 04th Sept, 2015

By FxGrow Research & Analysis Team

 

EURGBP breakout from the consolidation will indicate the direction

 

For more than a week EURGBP moves in consolidate between 0.7394 and 0.7260. Yesterday at the press conference ECB President Mario Draghi euro depreciated against other currencies and is also clearly visible on the chart with the pound. Drop wasn't deep enough to breach the support. Currently only breakout one of indicated levels should start longer movement.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-04_analiza_EURGBP-D1_zpsxlblki8x.jpg

 

Time-frame D1

 

In August EURGBP left downward channel and now 6-month resistance at 0.7390 effectively stops the aspirations of the bulls. If it had been broken the support 0.7220 that the price will return to the inside of the downward channel and it will move towards the July low. Price moves in a downward trend, and the current rally should be seen more as a rebound than changing the long-term downtrend. Alternatively, if bulls could break the resistance the target of upward movement will be 0.7760.

 

http://i1148.photobucket.com/albums/o568/onestore40/2015-09-04_analiza_EURGBP-H1_zpslw2qdmnz.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.