FxGrow Daily Technical Analysis – 08th March, 2016
By FxGrow Research & Analysis Team
EURGBP - return above important support area 0.7710 - 0.7760
EURGBP is above very important support - area 0.7710 (support from 2008) and 0.7760 (support from 2012, 2014). Since the beginning of February there was a correction of previous strong upward movement. Today demand is trying to finish it. Price is approaching 0.7800 and after breakout of that resistance price will move in direction of 0.7920.
Time-frame D1
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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 – 09th March, 2016
By FxGrow Research & Analysis Team
AUDNZD broke above important resistance
Yesterday important resistance at 1.0970 was broken. Price was for the last time at a such high level on December 2015. Currently AUDNZD is reaching 1.1080, which was high from November 2015. It is likely that on indicated level there will be a rebound because from the beginning of March price didn’t show any corrective moves.
Time-frame D1
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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 – 09th March, 2016
By FxGrow Research & Analysis Team
GBPAUD - after 5 weeks of falls it’s time to look for the correction
GBPAUD falls since 5 weeks. Correction has to occur in all trends even in as strong as this. Current level give a chance that rebound may occur at the moment. Price reached support in 1.8970 - 1.8820 area. Of course you can’t count on trend reversal, but some correction in such oversell price should occur. If price rebounds nearest target for falls will be at 1.9280.
Time-frame W1
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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 – 09th March, 2016
By FxGrow Research & Analysis Team
GBPAUD - after 5 weeks of falls it’s time to look for the correction
GBPAUD falls since 5 weeks. Correction has to occur in all trends even in as strong as this. Current level give a chance that rebound may occur at the moment. Price reached support in 1.8970 - 1.8820 area. Of course you can’t count on trend reversal, but some correction in such oversell price should occur. If price rebounds nearest target for falls will be at 1.9280.
Time-frame W1
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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 – 14th March, 2016
By FxGrow Research & Analysis Team
GBPUSD below important resistance
Upward movement at GBPUSD is in progress. In March situation is opposed that it was in February. In February we saw huge sell-off wave and in March price is continuing its rebound. Right now after two weeks of upward movement GBPUSD is starting below important resistance.
At charts below you can see that 1.4400 level was important in the past. This level stopped declines in 2010. It is likely that till next Wednesday (nearest FOMC meeting) price won’t be very far from current level.
Time-frame W1
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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 – 14th March, 2016
By FxGrow Research & Analysis Team
USDJPY - movement inside big triangle pattern
Since February 26 USDJPY is moving in side trend between levels 112.30 - 114.40. It has to be noted that volatility is decreasing and at time-frame H4 triangle pattern occurred. Currently lower limit of the triangle should be found at 112.60 and upper limit at 114.30. After breaking one of indicated levels, dynamic movement is expected.
Time-frame H4
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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.
[B]FxGrow Daily Technical Analysis – 15th March, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]CADJPY - declines after BOJ meeting[/B]
On Tuesday there was a meeting of the Japanese central bank. BOJ didn’t change anything - left interest rates and QE at current levels. Japanese Yen in reaction, strengthened to all of the currencies.
Declines at CADJPY wasn’t a surprise. Since two weeks price moved below upper limit of the bullish regression channel. Yesterday we saw a rebound from resistance at 86.20. Target for declines should be 83.10 level. There coincides lower limit of the channel and support. On the way to indicated level there is a support at 84.30.
[B][I]To read this Full in depth 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]
[B]FxGrow Daily Technical Analysis – 15th March, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]EURUSD - silence before the storm, ahead of FOMC meeting[/B]
Price stabilized above 1.1070 level after huge volatility on the last Thursday. It was caused by ECB meeting. It’s not the end of market’s attractions because tomorrow there will be the FOMC meeting and decision about interest rates.
[B][I]To read this Full in depth 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 – 16th March, 2016
By FxGrow Research & Analysis Team
EURGBP highest since the beginning of march
Yesterday EURGBP broke above resistance at 0.7840. Upward movement may reach 0.7910 and next 0.8020 if demand won’t fail. However if supply wins and price returns below 0.7840 nearest supports will be located at levels: 0.7710, 0.7610.
Wider view, time-frame W1
Time-frame W1
To read this Full in depth 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 – 16th March, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]EURPLN - uptrend line was broken[/B]
During last 2 months EURPLN felt 2400 pips. Previous upward movement from January 2016 was caused by the decision of Standard & Poor’s agency, which unexpectedly cut Poland’s credit rating. As you can see current declines shows that previous reaction on PLN was exaggerated.
[B][I]To read this Full in depth 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 – 17th March, 2016
By FxGrow Research & Analysis Team
AUDUSD broke above resistance at 0.7600
Since two months there is a bull market on AUDUSD. Today price broke above resistance at 0.7600 and right now is leading to next resistance at 0.7880. Before test of indicated level it is likely that price will re-test 0.7600 again, but this time test will be from the top.
Wider view, time-frame W1
Time-frame W1
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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.
[B]FxGrow Daily Technical Analysis – 17th March, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]EURUSD - fight at 1.1330 resistance area[/B]
EURUSD sharply moved up after FOMC meeting where Janet Yellen FED’s chair was very dovish. For last 24 hours price moved up by 300 pips. So far high from February wasn’t tested however it is a matter of time that level 1.1380 will be re-tested.
[B][I]To read this Full in depth 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]
[B]FxGrow Daily Technical Analysis – 18th March, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]GBPCAD new 10-months low[/B]
Since the beginning of the March GBPCAD moved up in correction. Rebound wasn’t very strong because upward movement didn’t reach even to Fibonacci 38.2% level. Correction finished on Wednesday when new low occurred. Yesterday price reacted at support and 1.8680 level has been defended.
[B][I]To read this Full in depth 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]
[B]FxGrow Daily Technical Analysis – 18th March, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]OIL WTI - nearest target for upward movement is 43.20[/B]
Rebound at OIL WTI is in progress. After new low on 11 February, when price reached to 26.00 rebound occurred and it lasts for today. At chart we can indicate uptrend channel in which price is moving.
[B][I]To read this Full in depth 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 – 21st March, 2016
By FxGrow Research & Analysis Team
USDCAD at key level
USDCAD is continuing downward movement which was started in mid-January 2016. Currently further direction of the main uptrend is endangered. Because uptrend line was broken (that line was respected since 2012), return above 1.3200 - 1.3250 area should be treated as a bullish signal. It will inform that demand returned to the market.
Time-frame W1
To read this Full in depth 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 – 21st March, 2016
By FxGrow Research & Analysis Team
AUDCHF - triangle pattern predicts uptrend continuation
Since almost two weeks AUDCHF is moving inside a triangle. Its breakout will show further direction of price movement. It should occur soon because inside the triangle there is only 100 pips left (0.7330 - 0.7430 range).
Time-frame D1
To read this Full in depth 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 – 22nd March, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]GBPUSD - sharp decline after attack in Brussels[/B]
Current week began with declines at GBPUSD. Yesterday support at 1.4400 was broken below and today just after attack in Brussels dollar strengthened vs most of the currencies. GBPUSD broke below another support at 1.4300 and right now it is leading towards 1.4220 - 1.4150.
[B][I]To read this Full in depth 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 – 22nd March, 2016
By FxGrow Research & Analysis Team
SILVER - downtrend line was broken at weekly time-frame
Today’s terror at Brussels caused temporary volatility, which was corrected in next trading hours. On silver volatility was huge. After sharp upward movement in the morning, decline and rebound occurred which lead price to daily high.
At time-frame H1 we can see a bullish regression channel and lower limit of that channel is located at 15.40 area. Above that area there is 15.70 (current nearest support). It has to be noted that uptrend on silver continues since December 2015. Important level for demand is located at 116.10, after break above that level price should fast reach 10-months high.
Time-frame W1
To read this Full in depth 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 – 23rd March, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]GBPAUD - after short break price is continuing downward movement[/B]
Last week support at 1.8820 caused rebound which was finished just after two days and at the beginning of current week price returned to declines. Declines lasts since August 2015 and there wasn’t any bigger rebound in this period. The support at 1.8820 yesterday was broken and today supply is trying to break another support (but weaker) at 1.8620.
[B][I]To read this Full in depth 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]
[B]FxGrow Daily Technical Analysis – 23rd March, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]EURUSD reached support at 1.1160 strengthened by Fibonacci 61,8%[/B]
Since last Thursday EURUSD is sliding down without any hints on the next movement. Declines are very small relative to some previous movements. Today price reached very interesting level, which has a chance to prepare field for a rebound. Mentioned level is 1.1160, it is support strengthened by Fibonacci 61,8% of previous upward movement (it was just after FED’s meeting).
[B][I]To read this Full in depth 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]
