Topic: Daily Technical Analysis by FxGrow

Dear Forum Members!

Here you can find Daily Technical Analysis  of Major Currencies.

We hope that this information will be helpful for your trading.

Best Regards
FxGrow Support

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Terms used in our Analysis

RSI (14) - Relative strength index 14 days Time frame
MACD (12, 26) - Moving Average Convergence Divergence 12 day EMA - 26 day EMA
EMA - Exponential moving average
ADX (14) - Average Directional Index 14 days
ATR (14) - Average True Range 14 days
SMA - Simple Moving Average
MA x - Moving Average where x is the number of days
STOCH RSI (14) - Stochastic RSI 14 days
William %R - Momentum Indicator
CCI(14) - Commodity Channel Index
ROC - Rate of Change

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FxGrow
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 08th May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD08may15_zps4aajzcpi.png

EURUSD could not hold on to its bullish trend and came down on profit taking at 1.1220 Near term bias is bearish but overall scenario remains bullish.

RSI (14), ADX (14) and MACD (12, 26) indicate a SELL while Average True Range (14) indicates Less Volatility.

Support is at 1.1197 while Resistance is at 1.1265, 1.1288 and 1.1391



GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD08may15_zps6aw8doxa.png

GBPUSD continues its strong bullish momentum crossing 1.5480; the short term bias is bullish within range of 1.5500 to 1.5550, and a correction is expected due to profit taking.

RSI (14), MACD (12, 26) and ADX (14) indicate a BUY while ATR (14) indicates High volatility.

Support is at 1.5303 while Resistance is at 1.5497 and 1.5521



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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 08th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD08may15_zpsl8utlj8c.png

AUDUSD could not hold on to its bullish trend and came down to 0.7900 and remains vulnerable to downside movements with targets of 0.7850 and 0.7800

RSI (14), MACD (12, 26) and MA100 indicate a SELL while STOCH (9, 6) is Neutral and STOCHRSI (14) is overbought.  Average True Range (14) indicates Less Volatility.

Support is at 0.7862 and 0.7876 while Resistance is at 0.7937 and 0.7975




USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY08may15_zpsvaplci6v.png

USDJPY is higher at 119.90 and the near term bias remains bullish within the range of 120.00 to 120.35, sideways movements are possible in the European trading session.

RSI (14), STOCHRSI (14), ADX (14), CCI (14) and MACD (12, 26) indicate a BUY. STOCH (9, 6) is overbought and ATR (14) indicates less volatility.

Support is at 119.04 while Resistance is at 119.96 and 119.99



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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Thanks for your posts, I am sure that people will find them useful.

daveM

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 11th May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://worldwide-invest.org/images/imported/2015/05/112.jpg

EURUSD remained sideways with the pair testing 1.1140 in the Asian trading session. Near term bias remains bearish with targets of 1.1040 but overall scenario remains bullish.

RSI (14), ADX (14), ROC and MACD (12, 26) indicate a SELL while Average True Range (14) indicates Less Volatility.

Support is at 1.1136 while Resistance is at 1.1269 and 1.1288

11th May 2015 – 04:03hrs GMT


GBPUSD

http://worldwide-invest.org/images/imported/2015/05/113.jpg

GBPUSD maintains its bullish tone still trading above 1.5400 but downside movements are possible due to price action and overall scenario remains bullish.

RSI (14) is Neutral, STOCH (9, 6), ADX (14), CCI (14) indicate a SELL while ATR (14) indicates Less volatility.

Support is at 1.5269, 1.5303 while Resistance is at 1.5497 and 1.5521

11th May 2015 – 04:12hrs 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
Growell your Trading

6 (edited by FxGrow Support 2015-05-11 06:22:25)

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 11th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://worldwide-invest.org/images/imported/2015/05/110.jpg

AUDUSD remains in Uptrend at 0.7885 and is expected to consolidate at 0.7850 to 0.7900 in the Asian trading session.

RSI (14), MACD (12, 26), STOCH (9, 6) and MA100 indicate a SELL while STOCHRSI (14) is oversold.  Average True Range (14) indicates Less Volatility.

Support is at 0.7860 and 0.7876 while Resistance is at 0.7937 and 0.7966

11th May 2015 – 04:19hrs GMT



USDJPY

http://worldwide-invest.org/images/imported/2015/05/111.jpg

USDJPY is moving sideways trading below 120.00 in the Asian trading session and the near term bias remains Neutral.

RSI (14) is Neutral; STOCHRSI (14) is overbought; ADX (14), CCI (14) and MACD (12, 26) indicate a BUY while ATR (14) indicates Less volatility.

Support is at 119.70 while Resistance is at 120.08

11th May 2015 – 04:26hrs 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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Blaiserboy wrote:

Thanks for your posts, I am sure that people will find them useful.

daveM

Dear daveM,

For more in depth Research & Analysis please visit here

Best Regards
FxGrow Support

FxGrow
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 12th May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD12may15_zpsmeh6w7bv.png

EURUSD came below the 10day SMA but pulled back above the support level of 1.1136 in the Asian trading session to reach 1.1160 with the near term bias remaining Neutral.

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

Support is at 1.1129 while Resistance is at 1.1164 and 1.1176

12th May 2015 – 04:27hrs GMT


GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD12may15_zpsfst4iyyg.png

GBPUSD continues its bullish tone crossing 1.5600 yesterday. Near-term bias remains bullish to neutral within the range of 1.5620 to 1.5560

RSI (14) and MACD (12, 26) indicate a BUY; STOCH (9, 6) and CCI (14) indicate a SELL while ATR (14) is Neutral.

Support is at 1.5497, 1.5521 while Resistance is at 1.5589 and 1.5612

12th May 2015 – 04:36hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 12th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD12may15_zps7vroraqv.png

AUDUSD remains stable at 0.7926 and the near term bias is bullish with targets of 0.8000; some correction is expected in the European trading session today.

RSI (14), MACD (12, 26) and STOCH (9, 6) indicate a BUY while STOCHRSI (14) is oversold.  Average True Range (14) indicates Less Volatility.

Support is at 0.7876 and 0.7885 while Resistance is at 0.7925

[SIZE="1"]12th May 2015 – 04:48hrs GMT[/SIZE]


USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY12may15_zpsenp08jbi.png

USDJPY maintains its bullish tone with the pair testing 120.16 in the Asian trading session.  Near term bias remains bullish within the range of 121.00 to 121.50 but overall scenario remains Neutral.

RSI (14), STOCH (9, 6), ADX (14) and MACD (12, 26) indicate a BUY while ATR (14) indicates less volatility.

Support is at 119.99 while Resistance is at 120.22

12th May 2015 – 04:42hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 13th May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD13may15_zpsdxr0ner6.png

EURUSD tried to regain its bullish trend yesterday but came under selling pressure to close below 1.1220 In the Asian trading session the pair is up at 1.1250 and near term bias is bullish with targets of 1.1280 to 1.1300

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

Support is at 1.1129 while Resistance is at 1.1269 and 1.1278

13th May 2015 – 04:41hrs GMT



GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD13may15_zpsg66bal6e.png

GBPUSD had a strong bullish tone yesterday crossing 1.5700 and the near term bias is bullish in the range of 1.5740 to 1.5800

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

Support is at 1.5556, 1.5589 while Resistance is at 1.5710

13th May 2015 – 04:46hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 13th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD13may15_zpsi2jbigwh.png

AUDUSD has started its bullish tone with the pair crossing 0.8000 in the Asian trading session. The near term bias is bullish with targets of 0.8100

RSI (14), MACD (12, 26) and STOCH (9, 6) indicate a BUY while STOCHRSI (14) is oversold.  Average True Range (14) indicates Less Volatility.

Support is at 0.79125 and 0.7937 while Resistance is at 0.8006

13th May 2015 – 04:55hrs GMT



USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY13may15_zpsfvsnlyo0.png

USDJPY could not sustain its bullish momentum yesterday and came down below 120.00 and is trading at 119.85 in the Asian trading session. The near term bias remains Neutral.

RSI (14), ADX (14) is Neutral, STOCHRSI(14) is overbought; while Average True Range (14) indicates Less Volatility.

Support is at 119.74 while Resistance is at 120.27

13th May 2015 – 04:51hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 14th May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD14may15_zpstdpsnsc7.png

EURUSD rose sharply yesterday and is strong in the Asian trading session. Unable to cross 1.1400 indicates a short term correction in the prices. The near term bias is neutral to bullish within the range of 1.1350 to 1.1400

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

Support is at 1.1265 while Resistance is at 1.1382 and 1.1391

14th May 2015 – 04:57hrs GMT



GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD14may15_zpsqouuztln.png

GBPUSD retains its bullish tone trading above the 1.5750 and the near term bias is bullish to neutral in the range of 1.5750 to 1.5800 with sideways movements possible in the European trading session.

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

Support is at 1.5632 while Resistance is at 1.5768

14th May 2015 – 05:00hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 14th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD14may15_zpsftpef9yd.png

AUDUSD is in a strong bullish momentum surging ahead of 0.8100 and the near term bias is bullish with targets of 0.8200 to 0.8230

RSI (14), MACD (12, 26) and CCI (14) indicate a BUY while STOCHRSI (14) is oversold.  Average True Range (14) indicates Less Volatility.

Support is at 0.8029 while Resistance is at 0.8162

14th May 2015 – 05:04hrs GMT


USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY14may15_zpsqolickmd.png

USDJPY remains bearish trading at 119.18 in the Asian trading session. The near term bias is bearish to Neutral with targets of 118.50

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

Support is at 119.04 while Resistance is at 119.35

14th May 2015 – 05:07hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 15th May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD15may15_zpsflottet2.png

EURUSD continues its bullish momentum crossing 1.1440 yesterday. The near term bias is bullish with targets of 1.1500 to 1.1540

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

Support is at 1.1342 while Resistance is at 1.1444 and 1.1449

15th May 2015 – 04:34hrs GMT


GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD15may15_zpsfz4nihi6.png

GBPUSD continues its bullish tone crossing 1.5800 yesterday. Some correction is expected in the European trading session and the near term bias is Neutral to bullish with targets of 1.5850

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

Support is at 1.5763 while Resistance is at 1.5814

15th May 2015 – 04:40hrs GMT

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
Growell your Trading

15 (edited by FxGrow Support 2015-05-15 07:15:31)

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 15th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD15may15_zpsqiivxtiv.png

AUDUSD came down yesterday and is presently in the bearish tone trading below 0.8100 the near term bias is bearish with targets of 0.8000 to 0.7950

RSI (14), MACD (12, 26), CCI (14), ADX (14) indicate a SELL while STOCHRSI (14) is Oversold.  Average True Range (14) indicates Less Volatility.

Support is at 0.8041 while Resistance is at 0.8162

15th May 2015 – 04:47hrs GMT


USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY15may15_zpsyudschkt.png

USDJPY is in Bullish trend crossing 119.40 in the Asian trading session. The near term bias is bullish with targets of 120.00

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

Support is at 118.97 while Resistance is at 119.46

15th May 2015 – 04:53hrs GMT

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
Growell your Trading

16 (edited by FxGrow Support 2015-05-18 06:44:56)

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 18th May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD18may15_zpste7knbgd.png

EURUSD regained its bullish trend crossing 1.1460 on Friday and is trading above 1.1400 in the Asian trading session. The near term bias is Neutral to Bullish with some correction possible in the European trading session.

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

Support is at 1.1322 while Resistance is at 1.1459 and 1.1465

18th May 2015 – 04:35hrs GMT


GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD18may15_zps8rop02wz.png

GBPUSD could not retain its bullish trend on Friday and came down below 1.5750 Further correction is possible today within the range of 1.5700 The near term bias is Neutral to Bullish with targets of 1.5810

RSI (14), STOCHRSI (14) is Neutral; MA100 and MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 1.5700 while Resistance is at 1.5785 and 1.5807

18th May 2015 – 04:42hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 18th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD18may15_zpsfexy1n6l.png

AUDUSD is in bearish trend trading at 0.8017 in the Asian trading session. The support level of 0.8000 could easily be broken in the European trading session with targets of 0.7950 to 0.7920 today.

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

Support is at 0.7995 while Resistance is at 0.8067

18th May 2015 – 04:49hrs GMT


USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY18may15_zps7krnvtnz.png

USDJPY has started its bullish trend with the pair trading above 119.50 in the Asian trading session. The near term bias is Neutral to bullish with targets of 120.20

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

Support is at 119.46 while Resistance is at 119.82 and 119.92

18th May 2015 – 04:54hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 19th May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD19may15_zpspgfwpel7.png

EURUSD started its bearish trend yesterday and came below its support level of 1.1322 In the Asian trading session it touched 1.1300 levels today. The near term bias is bearish but overall scenario remains bullish with targets of 1.1450 to 1.1500

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

Support is at 1.1288 while Resistance is at 1.1391 and 1.1449

19th May 2015 – 04:36hrs GMT



GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD19may15_zps6lgk6wkj.png

GBPUSD is in a bearish momentum with the pair trading at 1.5650 in the Asian trading session. The near term bias remains Neutral to bearish with some sideways movements possible in the European trading session. Overall scenario remains bullish with targets of 1.5700 to 1.5750

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

Support is at 1.5632 while Resistance is at 1.5700 and 1.5709

19th May 2015 – 04:45hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 19th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD19may15_zpsmp1uwiat.png

AUDUSD remained bearish yesterday coming down below 0.8000 In the Asian trading session the pair touched a low of  0.7960 but then it rebounded to 0.7990 The near term bias remains Neutral to Bullish with sideways movements expected in the European trading session.

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

Support is at 0.7966 while Resistance is at 0.8026 and 0.8032

19th May 2015 – 04:51hrs GMT



USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY19may15_zpsavfny4fk.png

USDJPY is in a Bullish trend with the pair crossing 120.00 in the Asian trading session. The near term bias remains Neutral to Bullish within range of 120.00 to 120.50

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

Support is at 119.82 while Resistance is at 119.99

19th May 2015 – 04:56hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 20th May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD20may15_zps9bgnphk3.png

EURUSD had a strong bearish momentum yesterday falling below 1.1150 to trade at 1.1129 in the Asian Trading session. The near term bias remains bearish with targets of 1.1100 to 1.1050

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

Support is at 1.1117 while Resistance is at 1.1265 and 1.1288

20th May 2015 – 05:11hrs GMT


GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD20may15_zps23rkmhqd.png

GBPUSD is moving in a bearish momentum with the pair testing 1.5460 yesterday. It is expected to move in a low range and the near term bias remains bearish with targets of 1.5450 to 1.5400

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

Support is at 1.5444 while Resistance is at 1.5556

20th May 2015 – 05:26hrs GMT

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
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Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 20th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD20may15_zpsgg3ygsfs.png

AUDUSD continues its bearish trend dropping below 0.7900 in the Asian trading session. The near term bias is Neutral to Bearish within range of 0.7880 to 0.7840 with some sideways movements expected in the European trading session.

RSI (14), MACD (12, 26) indicate a SELL; ADX (14) and CCI (14) are Neutral; STOCHRSI (14) is overbought; while Average True Range (14) indicates Less Volatility.

Support is at 0.7896 while Resistance is at 0.7975 and 0.8032

20th May 2015 – 05:32hrs GMT


USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY20may15_zpsluyculnp.png

USDJPY maintains its Bullish tone crossing 120.95 in the Asian trading session. Some correction in prices and sideways movements are possible in the European trading session. The near term bias remains Bullish with targets of 121.50 to 122.00

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

Support is at 120.28 while Resistance is at 121.17

20th May 2015 – 05:40hrs GMT

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
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Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 21st May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD21stmay15_zpsz4gijdms.png

EURUSD remained indecisive yesterday but closed lower at 1.1091 In the Asian trading session the pair is in a Bullish momentum and the near term bias remains bullish with targets of 1.1200 to 1.1250

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

Support is at 1.1061 while Resistance is at 1.1130

21st May 2015 – 05:07hrs GMT


GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD21stmay15_zpsu4paleeb.png

GBPUSD remained sideways yesterday and is trading above the 20 day moving average. The near term bias remains bullish with targets of 1.5590 to 1.5620

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

Support is at 1.5497 while Resistance is at 1.5587

21st  May 2015 – 05:14hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 21st May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD21stmay15_zpsq4wdwnvo.png

AUDUSD is in a Bullish tone in the Asian trading session trading above the 20day moving average. The near term bias is Neutral to Bullish within range of 0.7950 to 0.7980 with some sideways movements expected in the European trading session.

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

Support is at 0.7860 while Resistance is at 0.7921 and 0.7937

21st May 2015 – 05:20hrs GMT


USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY21stmay15_zps0zv759nj.png

USDJPY was higher yesterday crossing its 20 day moving average at 121.14 In the Asian trading session it has entered into a bearish correction. The near term bias remains Bearish with targets of 120.80 to 120.60

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

Support is at 120.82 while Resistance is at 121.47

21st May 2015 – 05:27hrs GMT

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
Growell your Trading

24 (edited by FxGrow Support 2015-05-22 06:47:27)

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 22nd May, 2015
By FxGrow Research & Analysis Team

EURUSD

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD22may15_zpsag0udzjj.png

EURUSD is in continuation of its Bullish phase with the pair trading above its 20day moving average in the Asian trading session. The near term bias remains bullish with targets of 1.1200 to 1.1250

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

Support is at 1.1097 while Resistance is at 1.1180

22nd May 2015 – 04:38hrs GMT


GBPUSD

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD22may15_zpswirfgq4l.png

GBPUSD is in the consolidation phase with the pair trading above its 20day moving average in the Asian trading session. Sideways movements are expected in the European trading session. The near term bias remains bullish with targets of 1.5700 to 1.5750

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

Support is at 1.5551 while Resistance is at 1.5700

22st  May 2015 – 04:47hrs GMT

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
Growell your Trading

Re: Daily Technical Analysis by FxGrow

Daily Technical Analysis – 22nd May, 2015
By FxGrow Research & Analysis Team

AUDUSD

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD22may15_zpsnyhtfid5.png

AUDUSD is in a Bullish tone in the Asian trading session trading above the 50day moving average. The near term bias is Neutral to Bullish within range of 0.7960 to 0.7990 with some correction expected in the European trading session.

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

Support is at 0.7876 while Resistance is at 0.7921 and 0.7949

22nd May 2015 – 04:52hrs GMT


USDJPY

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY22may15_zpsyr2lp27u.png

USDJPY is trading lower in the Asian trading session below its 20day moving average. The near term bias remains Bearish with targets of 120.50 to 120.20

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

Support is at 120.70 while Resistance is at 121.25

22nd May 2015 – 05:02hrs GMT

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
Growell your Trading