[B]FxGrow Daily Technical Analysis – 12th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The EURUSD recovered ahead of US retail sales data[/B]
The EURUSD notched higher this morning to trade above 1.1400 zone waiting to bounce back at the 1.1445 initial resistance level. The FX pairs are looking for further data to smash out and play in a new range. The EURUSD needs to break the major resistance level 1.1465 in order to pave its way to touch next resistance levels 1.1495 and 1.1525.
[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 – 13th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The EURUSD is finding support ahead of US retail sales report[/B]
The EURUSD was playing in a range between 1.1345 and 1.1445 in the past two days as the US Dollars strengthen. The EURUSD failed to cut 1.1460 and breakout on stronger comments from Fed policymakers as they said that the Fed should hike rates if data improves especially inflation. Breaking the support point 1.1320 will create a strong bearish movement to reach next support levels 1.1280, 1.1260 and 1.1235.
[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 – 13th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The British pound gained momentum as the BOE retains current policy[/B]
The GBPUSD reached 1.4530 high yesterday as the Bank of England (BOE) reiterated its view on policy and downgraded its GDP outlook. The GBPUSD is attempting to breakout of the downward trend and the RSI remains bullish for the pound and breaking the resistance point 1.4475 will expand its upward move toward 1.4495, 1.4515 and 1.4545 respectively.
[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 – 16th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The AUDUSD tumbles after weak Chinese data[/B]
The AUDUSD gapped lower as Chinese industrial production and retail sales data came weaker than expected to touch 0.7248 low. Year to date figures also missed expectations showing signs of a sluggish Chinese economy and thus giving a further slump to the AUDUSD. The AUDUSD will face a continued selling pressure as the pair cuts the support point 0.7235 to reach next support levels 0.7205 and 0.7165.
[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 – 16th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The EURUSD largest drop after strong US retail sales data[/B]
The Euro falls against the US dollars as US retail sales data upbeat expectations. The EURUSD lost upside momentum and turned lower after a shooting star candlestick appeared above 1.1600 zone. The EURUSD is still losing ground especially as US economic data started stronger than expected and at the same time the SSI remains short and breaking the strong support point 1.1290 will put the euro in a bearish territory to touch near-term support levels 1.1260, 1.1220 and 1.1195.
[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 – 17th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The EURUSD is finding support ahead of US CPI data[/B]
The EURUSD was flat and was held in arrange between 1.1300 and 1.1345 as investors awaits new economic data to be released today. US economic data started improving on rising energy prices and better inflation report will boost expectations of Fed rate hike in June thus putting pressure on the EURUSD. Breaking 1.1300 will pave the way toward near-term support points 1.1275, 1.1235 and 1.1212.
[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 – 17th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The GBPUSD upside move on slowing UK CPI data[/B]
The GBPUSD rebounded on expectations that inflation rate will remain unchanged at 0.5 percent. The Bank of England (BOE) is not expected to increase rates until 2017 thus supporting the British pound and the GBPUSD needs to break the strong resistance point 1.4545 in order to continue surging higher and to pave the way toward 1.4575 and 1.4595.
[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 May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The EURUSD is struggling on stronger than expected US CPI data[/B]
The EURUSD hovered lower and cut the 1.1300 zone reaching 1.1270 low after upbeat US inflation data. These strong US economic data increases expectations that the Fed is going to increase rates in June thus putting the US Dollars in a bullish territory. The EURUSD is now vulnerable to deeper losses and breaking 1.1255 will push the EURUSD lower toward 1.1215 and 1.1190 respectively.
[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 May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The GBPUSD dropped on weaker than expected UK CPI data[/B]
The GBPUSD treaded water to touch 1.4396 low after lower than expected UK inflation report. The GBPUSD hovered lower on stronger Dollar after strong US CPI data. The GBPUSD remains under pressure ahead of UK unemployment report and ahead of “Brexit” votes and cutting 1.4400 will provide a lower leg toward 1.4365 and 1.4330 respectively.
[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 – 19th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The EURUSD largest drop after hawkish FOMC meeting[/B]
The EURUSD decreased sharply to touch 1.1214 low on hawkish comments from the Federal Reserve policy meeting. The US Dollars gains as the FOMC raised expectations that the Fed might hike rate in June if economic data continue improving. The EURUSD will remain bearish as it cuts the 38.2% Fibonacci retracement 1.1210 and breaking 1.1190 will extend losses toward 1.1175 and 1.1135 respectively.
[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 – 19th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The AUDUSD suffered losses after disappointing Australia’s labor data[/B]
The Australian dollar dropped against its counterparts after weak Australia’s employment report. Weak data and lower cash rate puts pressure on the reserve bank of Australia (RBA) that made him change the policy by opting against a rate cut thus putting the AUDUSD in a bearish form. Breaking the support point 0.7180 creates a lower leg toward near-term support levels 0.7150 and 0.7110.
[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 – 20th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The USDCAD increased ahead of Canadian CPI/Retail sales data[/B]
The USDCAD is hitting higher for the third consecutive day awaiting Canadian CPI and retail sales reports today. The USDCAD extended gains to touch 1.3155 high on stronger US Dollars after Fed hawkish comments and rising expectations of an interest rate hike in June. Breaking the minor resistance point 1.3108 will expand its bullish move toward the 32.8% Fibonacci retracement 1.3130 and cutting this point will open the door for an uptrend and thus continue increasing to touch topside target 1.3165 and 1.3217.
[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 May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The EURUSD under pressure ahead of EU PMI data[/B]
The EURUSD remains flat at 1.1220 ahead of PMI data today. The Euro was dipping lower on stronger dollar after rising concerns over Fed rate hike in June especially as policy makers claimed that June rate hike is a live and real possibility. Breaking the strong support 1.1196 will pave the way to touch 1.1170 and 1.1130 respectively.
[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 May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The USDJPY decreased after G7 meeting[/B]
The Yen surged higher as Asian stocks declined. The USDJPY slumps to touch 109.40 after G7 meeting concluded that the US warned Japan against interventions to weaken the currency. Finance ministers also discussed further BOJ easing knowing that Yen’s actions was considered orderly, and breaking 109.25 will give the USDJPY a bearish wave to touch next support points 108.85 and 108.55.
[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 – 24th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The British pound gains before BOE official’s decision[/B]
The GBPUSD rose ahead of Bank of England (BOE) official’s decision regarding “BREXIT” especially on rising expectations that the BOE is going to defend “BREXIT” outlook. The GBPUSD have to break the resistance point 1.4528 in order to trigger an upward movement to touch near-term resistance levels 1.4550 and 1.4570.
[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 – 25th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The EURUSD sluggish move on stronger than expected US housing report[/B]
The EURUSD decreased sharply to touch 1.1133 low after strong US housing data which boosts expectations that the Fed is going to hike rate in June. The EURUSD is aiming for further declines below 1.1100 on concerns that Britain is going to leave the Euro zone. Breaking 1.1125 will open a lower leg to touch near-term support levels 1.1105 and 1.1070 the (50 % Fibonacci retracement).
[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 – 25th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The GBPUSD still bullish on Carney’s hawkish comments[/B]
The GBPUSD rallied and touched 1.4660 high as Carney defended Bank of England (BOE) recent actions. Governor carney insist that inflation target will be reached and the latest poll showed strong support for Britain to remain in the Euro zone thus surging the GBPUSD higher, and breaking the key resistance level 1.4685 will pave the way toward next resistance levels 1.4700 and 1.4740.
[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 – 26th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The Euro gains on softer US Dollars ahead of US durable goods data[/B]
The EURUSD found support as the dollar eased awaiting further US data today and Yellen’s speech due on Friday that will give an outlook of whether the Fed will hike rate sooner or later this year. The Euro also found support as Euro group ministers agreed on Greece bailout funds. The EURUSD will continue surging higher on weak US durable goods data and breaking 1.1195 will open an upward wave toward 1.1215 and 1.1255 respectively.
[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 – 27th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The USDJPY to turn higher ahead of US GDP data[/B]
The USDJPY consolidates around 109.80 ahead of US GDP data and then traded higher to touch 110.00 high on weaker than expected Japanese inflation data. The USDJPY might have found support as Federal Reserve officials bolstered expectations of interest rate hike next month, and breaking the interim resistance 110.10 will support the upward movement and continue surging higher to touch 110.40, 110.70 and 111.10 respectively.
[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 – 30th May, 2016[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]The EURUSD falls on hawkish Yellen comments[/B]
The EURUSD fell below 1.1100 as Yellen claimed that interest rate hike in the next few months is probable. The EURUSD sharp decline was a result of hawkish Yellen comments especially as she said that Fed should hike rate soon. Breaking the support point 1.1080 pushes the euro lower to touch near-term support levels 1.1045 and 1.1015.
[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]