Daily Technical Analysis by FxGrow

FxGrow Daily Technical Analysis – 25th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bearish yesterday as it touched a low of 1.1245 and remained weak towards the end of the trading session. Euro is moving in a mild bullish tone and is now trading above its 100day SMA of 1.1199 in the Asian trading session. The near term bias is Neutral to Bullish with targets of 1.1350

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

Support is at 1.1244 while Resistance is at 1.1355 and 1.1358

25th Aug 2016 – 06:05AM (UTC)

GBPUSD

GBPUSD was bullish yesterday as it touched a high of 1.3273 and remained firm towards the end of the trading session. Cable is moving in a mild bullish tone having touched an intraday high of 1.3261 today and is now trading above its 100day SMA of 1.3104 in the Asian trading session. The near term bias is Bullish with targets of 1.3300

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

Support is at 1.3119 while Resistance is at 1.3273 and 1.3291

25th Aug 2016 – 06:10AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 25th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a low of 0.7588 and a high of 0.7633 towards the end of the trading session. Aussie is moving in a mild bullish tone today and is now trading just below its 100day SMA of 0.7633 in the Asian trading session. The near term bias is Neutral to Bullish with targets of 0.7675

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

Support is at 0.7594 while Resistance is at 0.7640 and 0.7668

25th Aug 2016 – 06:13AM (UTC)

USDJPY

USDJPY was bullish yesterday as it touched a high of 100.60 and remained firm towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone as it touched an intraday high of 100.61 and is now trading above its 100day SMA of 101.33 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 99.80

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

Support is at 100.11 while Resistance is at 100.80 and 102.65

25th Aug 2016 – 06:21AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 25th Aug, 2016
By FxGrow Research & Analysis Team

XAUUSD[Gold]

XAUUSD was bearish yesterday as it touched a low of 1323.78 and remained weak towards the end of the trading session. Gold is moving in a consolidation phase today and is now trading below its 100day SMA of 1350.01 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1315

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

Support is at 1315.76 while Resistance is at 1330.45 and 1333.85

25th Aug 2016 – 06:35AM (UTC)

XAGUSD[Silver]

XAGUSD was bearish yesterday as it touched a low of 18.53 and remained weak towards the end of the trading session. Silver is moving in a consolidation phase today and is now trading below its 100day SMA of 19.84 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 18.40

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

Support is at 18.48 while Resistance is at 18.70 and 19.22

25th Aug 2016 – 06:38AM (UTC)

USOil.cfd

US Oil was bearish yesterday as it touched a low of 46.43 and remained weak towards the end of the trading session. US Oil is moving in a consolidation phase today and is now trading above its 100day SMA of 43.91 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 46.25

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

Support is at 46.43 while Resistance is at 47.07 and 48.97

25th Aug 2016 – 06:44AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 26th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it touched a high of 1.1297 and remained firm towards the end of the trading session. Euro is moving in a mild bullish tone as it touched an intraday high of 1.1306 and is now trading above its 100day SMA of 1.1209 in the Asian trading session. The near term bias is Neutral to Bullish with targets of 1.1350

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

Support is at 1.1244 while Resistance is at 1.1326 and 1.1355

26th Aug 2016 – 07:10AM (UTC)

GBPUSD

GBPUSD was indecisive yesterday as it touched a high of 1.3261 and a low of 1.3168 towards the end of the trading session. Cable is moving in a bullish tone today and is now trading above its 100day SMA of 1.3105 in the Asian trading session. The near term bias is Bullish with targets of 1.3300

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

Support is at 1.3184 while Resistance is at 1.3248 and 1.3273

26th Aug 2016 – 07:18AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 26th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a high of 0.7637 and a low of 0.7601 towards the end of the trading session. Aussie is moving in a bullish tone as it touched an intraday high of 0.7646 today and is now trading just below its 100day SMA of 0.7639 in the Asian trading session. The near term bias is Neutral to Bullish with targets of 0.7680

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

Support is at 0.7583 while Resistance is at 0.7676 and 0.7722

26th Aug 2016 – 07:23AM (UTC)

USDJPY

USDJPY was indecisive yesterday as it touched a high of 100.61 and a low of 100.30 towards the end of the trading session. Dollar-Yen is moving in a zigzag pattern as it touched an intraday high of 100.61 and is now trading below its 100day SMA of 101.12 in the Asian trading session. The near term bias is Neutral to Bullish with targets of 100.75

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

Support is at 100.09 while Resistance is at 100.68 and 102.65

26th Aug 2016 – 07:32AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 26th Aug, 2016
By FxGrow Research & Analysis Team

XAUUSD[Gold]

XAUUSD was bearish yesterday as it touched a low of 1317.97 and remained weak towards the end of the trading session. Gold is moving in a consolidation phase today and is now trading below its 100day SMA of 1349.08 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1310

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

Support is at 1317.97 while Resistance is at 1328.35 and 1331.95

26th Aug 2016 – 07:37AM (UTC)

XAGUSD[Silver]

XAGUSD was indecisive yesterday as it touched a low of 18.48 and a high of 18.66 towards the end of the trading session. Silver is moving in a consolidation phase today and is now trading below its 100day SMA of 19.75 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 18.40

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

Support is at 18.31 while Resistance is at 18.71 and 18.83

26th Aug 2016 – 07:46AM (UTC)

USOil.cfd

US Oil was indecisive yesterday as it touched a low of 46.43 and a high of 47.36 towards the end of the trading session. US Oil is moving in a consolidation phase today and is now trading above its 100day SMA of 44.20 in the Asian trading session. The near term bias is Neutral to Bullish with targets of 48.00

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

Support is at 46.40 while Resistance is at 47.91 and 48.73

26th Aug 2016 – 07:54AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 29th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was unable to sustain to its bullish momentum and came down towards the closing session last week. Euro is moving in a mild bearish tone and is now trading below its 100day SMA of 1.1212 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1.1135

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

Support is at 1.1180 while Resistance is at 1.1217 and 1.1233

29th Aug 2016 – 08:25AM (UTC)

GBPUSD

GBPUSD was unable to sustain to its bullish moves and came down towards the closing session last week. Cable is moving in a mild bearish tone today and is now trading below its 100day SMA of 1.3100 in the Asian trading session. The near term bias is Bearish with targets of 1.3040

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

Support is at 1.3056 while Resistance is at 1.3117 and 1.3279

29th Aug 2016 – 08:37AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 29th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was unable to sustain to its bullish moves and came down towards the closing session last week. Aussie is moving in a zigzag pattern today and is now trading below its 100day SMA of 0.7638 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 0.7500

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

Support is at 0.7488 while Resistance is at 0.7568 and 0.7583

29th Aug 2016 – 08:50AM (UTC)

USDJPY

USDJPY was bullish last week as it crossed the 102 handle and remained firm towards the closing session. Dollar-Yen is moving in a mild bullish tone today and is now trading above its 100day SMA of 101.08 in the Asian trading session. The near term bias is Bullish with targets of 102.55

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

Support is at 99.98 while Resistance is at 102.83 and 103.39

29th Aug 2016 – 08:58AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 29th Aug, 2016
By FxGrow Research & Analysis Team

XAUUSD[Gold]

XAUUSD was unable to sustain to its bullish moves and came down towards the closing session last week. Gold is moving in a consolidation phase today and is now trading below its 100day SMA of 1347.26 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1310

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

Support is at 1314.15 while Resistance is at 1322.95 and 1325.05

29th Aug 2016 – 09:04AM (UTC)

XAGUSD[Silver]

XAGUSD was bearish last week and came down below 18.60 handle towards the closing session. Silver is moving in a consolidation phase today and is now trading below its 100day SMA of 19.64 in the Asian trading session. The near term bias is Bearish with targets of 18.40

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

Support is at 18.47 while Resistance is at 19.07 and 19.22

29th Aug 2016 – 09:10AM (UTC)

USOil.cfd

US Oil was bullish last week as it touched a high of 48.88 and remained above 47.00 levels towards the closing session. US Oil is moving in a consolidation phase today and is now trading above its 100day SMA of 44.55 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 46.50

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

Support is at 46.40 while Resistance is at 47.91 and 48.44

29th Aug 2016 – 09:18AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 30th Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD moved in a consolidation phase yesterday and was unable to break any new highs or lows. Euro is moving in a mild bearish tone and is now trading below its 100day SMA of 1.1212 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1.1115

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

Support is at 1.1157 while Resistance is at 1.1197 and 1.1217

30th Aug 2016 – 07:30AM (UTC)

GBPUSD

GBPUSD moved in a consolidation phase yesterday and was unable to break any new highs or lows. Cable is moving in a mild bearish tone today and is now trading below its 100day SMA of 1.3095 in the Asian trading session. The near term bias is Bearish with targets of 1.3030

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

Support is at 1.3059 while Resistance is at 1.3119 and 1.3279

30th Aug 2016 – 07:39AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 30th Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD had mild bullish moves yesterday as it touched a high of 0.7581 towards the end of the trading session. Aussie is moving in a mild bearish tone today and is now trading below its 100day SMA of 0.7638 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 0.7500

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

Support is at 0.7524 while Resistance is at 0.7622 and 0.7676

30th Aug 2016 – 07:44AM (UTC)

USDJPY

USDJPY had mild bearish moves yesterday as it touched low of 101.92 towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading above its 100day SMA of 101.07 in the Asian trading session. The near term bias is Neutral to Bullish with targets of 102.65

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

Support is at 99.98 while Resistance is at 102.39 and 102.65

30th Aug 2016 – 07:50AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 30th Aug, 2016
By FxGrow Research & Analysis Team

XAUUSD[Gold]

XAUUSD had mild bullish moves yesterday as it touched a high of 1324.94 towards the end of the trading session. Gold is moving in a mild bearish tone today and is now trading below its 100day SMA of 1345.98 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1310

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

Support is at 1322.25 while Resistance is at 1328.45 and 1331.55

30th Aug 2016 – 07:56AM (UTC)

XAGUSD[Silver]

XAGUSD had bullish moves yesterday as it touched a high of 18.88 towards the end of the trading session. Silver is moving in a mild bearish tone today and is now trading below its 100day SMA of 19.57 in the Asian trading session. The near term bias is Neutral

Support is at 18.38 while Resistance is at 18.85 and 19.22

30th Aug 2016 – 08:01AM (UTC)

USOil.cfd

US Oil had mild bearish moves yesterday as it touched low of 46.61 towards the end of the trading session. US Oil is moving in a mild bullish tone today and is now trading above its 100day SMA of 44.88 in the Asian trading session. The near term bias is Neutral to Bullish with targets of 47.75

ADX (14), CCI (14), ROC, MA100 indicate a BUY; RSI (14) is Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 46.40 while Resistance is at 47.74 and 48.44

30th Aug 2016 – 08:07AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 31st Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bearish yesterday as it touched a low of 1.1132 and remained weak towards the end of the trading session. Euro is moving in a mild bearish tone and is now trading below its 100day SMA of 1.1209 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1.1100

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

Support is at 1.1098 while Resistance is at 1.1164 and 1.1180

31st Aug 2016 – 07:05AM (UTC)

GBPUSD

GBPUSD was indecisive yesterday as it touched a low of 1.3064 and a high of 1.3116 towards the end of the trading session. Cable is moving in a zigzag pattern today and is now trading below its 100day SMA of 1.3085 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1.3040

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

Support is at 1.3071 while Resistance is at 1.3119 and 1.3279

31st Aug 2016 – 07:10AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 31st Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bearish yesterday as it touched a low of 0.7500 and remained weak towards the end of the trading session. Aussie is moving in a mild bearish tone today and is now trading below its 100day SMA of 0.7635 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 0.7460

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

Support is at 0.7488 while Resistance is at 0.7545 and 0.7568

31st Aug 2016 – 07:34AM (UTC)

USDJPY

USDJPY was bullish yesterday as it touched a high of 103.13 and remained firm towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading above its 100day SMA of 101.16 in the Asian trading session. The near term bias is Bullish with targets of 103.75

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

Support is at 100.68 while Resistance is at 103.39 and 105.54

31st Aug 2016 – 07:40AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 31st Aug, 2016
By FxGrow Research & Analysis Team

XAUUSD[Gold]

XAUUSD was bearish yesterday as it touched a low of 1309.27 and remained weak towards the end of the trading session. Gold is moving in a zigzag pattern today and is now trading below its 100day SMA of 1343.33 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1300

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

Support is at 1311.12 while Resistance is at 1321.72 and 1325.09

31st Aug 2016 – 07:49AM (UTC)

XAGUSD[Silver]

XAGUSD was bearish yesterday as it touched a low of 18.58 and remained weak towards the end of the trading session. Silver is moving in a mild bullish tone today and is now trading below its 100day SMA of 19.47 in the Asian trading session. The near term bias is Neutral

Support is at 18.38 while Resistance is at 18.96 and 19.22

31st Aug 2016 – 07:54AM (UTC)

USOil.cfd

US Oil was bearish yesterday as it touched a low of 46.22 and remained weak towards the end of the trading session. US Oil is moving in a mild bearish tone today and is now trading below its 100day SMA of 46.97 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 45.80

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

Support is at 45.83 while Resistance is at 46.61 and 46.77

31st Aug 2016 – 08:01AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

[B]FxGrow Daily Technical Analysis – 31st Aug, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]

[B]Silver is signaling a downturn after a corrective wave[/B]

Silver traded yesterday between 18.80 and 18.35 range.

Weekly pivot is 18.72, price was below it most of the time which indicates a more and more downward trend.

Support points at H4 chart: S1 18.63, S2 is 18.50, S3 is 18.35

Resistance points at H4 chart: R1 18.75, R2 18.85, R3 18.95

[B][I]For more in depth Research & Analysis please visit FxGrow.[/I][/B]

[I][B]Note:[/B] 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.[/I]

FxGrow Daily Technical Analysis – 02nd Sept, 2016
By FxGrow Research & Analysis Team

The EURUSD rose ahead of US payroll

The EURUSD turned higher and traded at 1.1208 high this morning above the 23.6% Fibonacci Expansion ahead of US employment change report. Weak US payroll today will open the door for euro fresh rebounds especially as it breaks the 100 days moving average 1.1215 to pave its way toward 1.1237 and 1.1266.

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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 Daily Technical Analysis – 02nd Sept, 2016
By FxGrow Research & Analysis Team

The British pound surged higher after strong manufacturing PMI

GBPUSD received a positive shock yesterday at 9:30 GMT that created a bullish rise to break 1.3300 zone.

The British manufacturing PMI yesterday came above expectation scoring 53.3 where forecast was expected to be at 49.1. This caused a positive shock in the market creating a bullish rise reaching 1.3317.

Then made a short drop as the rebound clear its way and trading near 1.3270 at these moments. It is expected the GBP will trade between 1.3233 & 1.3316.

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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 Daily Technical Analysis – 05th Sept, 2016
By FxGrow Research & Analysis Team

German index Dax

Dax Weekly pivot : 10627

The German Index Dax opened this morning at low 10700 and made a high of 10753.

Right now, the spot price is trading at 9am GMT 10720. The trend is upward, with resistance levels R1 at 10738, and R2 10805, if the Dax exceeded R2, the spot might trigger third resistance R3 10842.

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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 Daily Technical Analysis – 06th Sept, 2016
By FxGrow Research & Analysis Team

AUDUSD NOURISHED THIS MORNING AFTER THE PRESS RELEASE BY THE RESERVE BANK OF AUSTRALIA

AT 5:30 AM GMT, Glenn Stevens, Governor of Monetary Policy, decided to leave cash rate unchanged at 1.5%. The RBA rate statement was more hawkish than expected leaving the AUD in a continuous bullish rise since then. The AUDUSD started climbing from 0.7580 and still at the moment 7 AM GMT at 0.7628.

H4 Pivot 0.7620

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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.