Daily Market Analysis by FxGrow

This is a discussion on Daily Market Analysis by FxGrow within the Daily Analysis forums, part of the Commercial category; FxGrow Daily Technical Analysis – 22nd Nov, 2017 By FxGrow Research & Analysis Team GBP/USD Intraday: supported by a rising ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 22, 2017, 1:57pm   #961
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread FxGrow Daily Technical Analysis – 22nd Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: supported by a rising trend line.

Pivot: 1.3220

Our preference: long positions above 1.3220 with targets at 1.3280 & 1.3300 in extension.

Alternative scenario: below 1.3220 look for further downside with 1.3200 & 1.3180 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.3320
1.3300
1.3280
1.3250 Last
1.3220
1.3200
1.3180

USD/JPY Intraday: under pressure.

Pivot: 112.50

Our preference: short positions below 112.50 with targets at 111.95 & 111.70 in extension.

Alternative scenario: above 112.50 look for further upside with 112.70 & 113.00 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
113.00 ***
112.70 ***
112.50 ***
112.20 Last
111.95 ***
111.70 ***
111.35 ***

EUR/USD Intraday: continuation of the rebound.

Pivot: 1.1730

Our preference: long positions above 1.1730 with targets at 1.1775 & 1.1810 in extension.

Alternative scenario: below 1.1730 look for further downside with 1.1710 & 1.1685 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1.1850
1.1810
1.1775
1.1765 Last
1.1730
1.1710
1.1685

AUD/USD Intraday: bullish bias above 0.7555.

Pivot: 0.7555

Our preference: long positions above 0.7555 with targets at 0.7590 & 0.7610 in extension.

Alternative scenario: below 0.7555 look for further downside with 0.7530 & 0.7510 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
0.7635 ***
0.7610 ***
0.7590 ***
0.7575 Last
0.7555 ***
0.7530 ***
0.7510 **

Crude Oil‏ (WTI)‏ (F8) Intraday: further advance.

Pivot: 57.20

Our preference: long positions above 57.20 with targets at 58.15 & 58.60 in extension.

Alternative scenario: below 57.20 look for further downside with 56.85 & 56.55 as targets.

Comment: the RSI advocates for further upside.

Supports and resistances:
59.00
58.60
58.15
57.86 Last
57.20
56.85
56.55

Gold spot Intraday: continuation of the rebound.

Pivot: 1276.00

Our preference: long positions above 1276.00 with targets at 1290.00 & 1293.50 in extension.

Alternative scenario: below 1276.00 look for further downside with 1271.50 & 1266.00 as targets.

Comment: the RSI is supported by a bullish trend line.

Supports and resistances:
1297.00
1293.50
1290.00
1283.80 Last
1276.00
1271.50
1266.00

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
FxGrow Support is offline Broker   Reply With Quote
Old Nov 23, 2017, 10:32am   #962
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread FxGrow Daily Technical Analysis – 23rd Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: further advance.

Pivot: 1.3280

Our preference: long positions above 1.3280 with targets at 1.3345 & 1.3375 in extension.

Alternative scenario: below 1.3280 look for further downside with 1.3255 & 1.3220 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1.3405
1.3375
1.3345
1.3310 Last
1.3280
1.3255
1.3220

USD/JPY Intraday: the downside prevails.

Pivot: 111.95

Our preference: short positions below 111.95 with targets at 111.00 & 110.65 in extension.

Alternative scenario: above 111.95 look for further upside with 112.40 & 112.70 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:
112.70
112.40
111.95
111.50 Last
111.00
110.65
110.25

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1785

Our preference: long positions above 1.1785 with targets at 1.1850 & 1.1880 in extension.

Alternative scenario: below 1.1785 look for further downside with 1.1755 & 1.1735 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.1910
1.1880
1.1850
1.1820 Last
1.1785
1.1755
1.1735

AUD/USD Intraday: the upside prevails.

Pivot: 0.7590

Our preference: long positions above 0.7590 with targets at 0.7625 & 0.7650 in extension.

Alternative scenario: below 0.7590 look for further downside with 0.7560 & 0.7530 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
0.7675 ***
0.7650 ***
0.7625 ***
0.7610 Last
0.7590 ***
0.7560 ***
0.7530 ***

Crude Oil‏ (WTI)‏ (F8) Intraday: supported by a rising trend line.

Pivot: 57.50

Our preference: long positions above 57.50 with targets at 58.20 & 58.60 in extension.

Alternative scenario: below 57.50 look for further downside with 57.15 & 56.85 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
59.00
58.60
58.20
57.90 Last
57.50
57.15
56.85

Gold spot Intraday: bullish bias above 1284.00.

Pivot: 1284.00

Our preference: long positions above 1284.00 with targets at 1297.00 & 1300.00 in extension.

Alternative scenario: below 1284.00 look for further downside with 1279.00 & 1276.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1303.50
1300.00
1297.00
1289.27 Last
1284.00
1279.00
1276.00

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
FxGrow Support is offline Broker   Reply With Quote
Old Nov 24, 2017, 3:30pm   #963
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread FxGrow Daily Technical Analysis – 24th Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: intraday support around 1.3280.

Pivot: 1.3280

Our preference: long positions above 1.3280 with targets at 1.3315 & 1.3335 in extension.

Alternative scenario: below 1.3280 look for further downside with 1.3255 & 1.3220 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1.3375
1.3335
1.3315
1.3300 Last
1.3280
1.3255
1.3220

USD/JPY Intraday: under pressure.

Pivot: 111.65

Our preference: short positions below 111.65 with targets at 111.05 & 110.65 in extension.

Alternative scenario: above 111.65 look for further upside with 111.95 & 112.40 as targets.

Comment: the upward potential is likely to be limited by the resistance at 111.65.

Supports and resistances:
112.40
111.95
111.65
111.35 Last
111.05
110.65
110.25

EUR/USD Intraday: intraday support around 1.1825.

Pivot: 1.1825

Our preference: long positions above 1.1825 with targets at 1.1860 & 1.1880 in extension.

Alternative scenario: below 1.1825 look for further downside with 1.1800 & 1.1770 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:
1.1910
1.1880
1.1860
1.1846 Last
1.1825
1.1800
1.1770

AUD/USD Intraday: intraday support around 0.7600.

Pivot: 0.7600

Our preference: long positions above 0.7600 with targets at 0.7640 & 0.7660 in extension.

Alternative scenario: below 0.7600 look for further downside with 0.7575 & 0.7555 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
0.7680 ***
0.7660 **
0.7640 ***
0.7625 Last
0.7600 ***
0.7575 **
0.7555 ***

Crude Oil‏ (WTI)‏ (F8) Intraday: further upside.

Pivot: 58.15

Our preference: long positions above 58.15 with targets at 59.00 & 59.40 in extension.

Alternative scenario: below 58.15 look for further downside with 57.80 & 57.30 as targets.

Comment: the RSI advocates for further advance.

Supports and resistances:
60.00
59.40
59.00
58.61 Last
58.15
57.80
57.30

Gold spot Intraday: bullish bias above 1286.00.

Pivot: 1286.00

Our preference: long positions above 1286.00 with targets at 1297.00 & 1300.00 in extension.

Alternative scenario: below 1286.00 look for further downside with 1279.00 & 1276.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1303.50
1300.00
1297.00
1291.00 Last
1286.00
1279.00
1276.00

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
FxGrow Support is offline Broker   Reply With Quote
Old Nov 27, 2017, 4:15pm   #964
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread FxGrow Daily Technical Analysis – 27th Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: continuation of the rebound.

Pivot: 1.3305

Our preference: long positions above 1.3305 with targets at 1.3360 & 1.3375 in extension.

Alternative scenario: below 1.3305 look for further downside with 1.3280 & 1.3255 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1.3390
1.3375
1.3360
1.3330 Last
1.3305
1.3280
1.3255

USD/JPY Intraday: consolidation.

Pivot: 111.70

Our preference: short positions below 111.70 with targets at 111.05 & 110.80 in extension.

Alternative scenario: above 111.70 look for further upside with 111.95 & 112.15 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
112.15
111.95
111.70
111.40 Last
111.05
110.80
110.65

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1895

Our preference: long positions above 1.1895 with targets at 1.1960 & 1.1990 in extension.

Alternative scenario: below 1.1895 look for further downside with 1.1855 & 1.1825 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.2020
1.1990
1.1960
1.1931 Last
1.1895
1.1855
1.1825

AUD/USD Intraday: continuation of the rebound.

Pivot: 0.7605

Our preference: long positions above 0.7605 with targets at 0.7640 & 0.7660 in extension.

Alternative scenario: below 0.7605 look for further downside with 0.7590 & 0.7575 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
0.7675 **
0.7660 **
0.7640 ***
0.7630 Last
0.7605 ***
0.7590 ***
0.7575 **

Gold spot Intraday: rebound.

Pivot: 1289.00

Our preference: long positions above 1289.00 with targets at 1297.00 & 1300.00 in extension.

Alternative scenario: below 1289.00 look for further downside with 1286.00 & 1283.00 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1304.00
1300.00
1297.00
1292.00 Last
1289.00
1286.00
1283.00

Crude Oil‏ (WTI)‏ (F8) Intraday: the upside prevails.

Pivot: 58.15

Our preference: long positions above 58.15 with targets at 59.40 & 60.00 in extension.

Alternative scenario: below 58.15 look for further downside with 57.80 & 57.30 as targets.

Comment: the RSI calls for a new upleg. The prices remain supported by a rising trend line, which should call for a new rise. A strong support at 58.15 should also limit any downward attempts.

Supports and resistances:
60.45
60.00
59.40
58.71 Last
58.15
57.80
57.30

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
FxGrow Support is offline Broker   Reply With Quote
Old Dec 7, 2017, 9:20am   #965
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread FxGrow Daily Technical Analysis – 06th Dec, 2017
By FxGrow Research & Analysis Team

Gold Breaks The Pennant After Long Consolidation Sessions

After sixty consolidation session where gold was fluctuating between 70s and 90s levels, gold has finally broke the pennant that has been confined inside with sideways range and congestion. The precious metal gaped downward on Monday, then peeked to 1277 yesterday, but failed to press forward and dipped to 1261 low.

Fundamentally, the U.S tax plan approval during the weekend boosted the U.S Dollar and last week's upbeat U.S economic data has increased the odds of U.S Fed hike pushing the DXY to 93.45 high today. On the other hand, failure between UK and Eurozone is still weakening the British pound and EURO, giving more strength to the greenback against XAUUSD.

Gold Technical Overview

Closing price: 1265.85

Target price: 1251

Trend: Sideways / Down

Trend reversal price: 1286

Resistance levels: 1271, 1276

Support levels: 1258, 1251

Comment The market extended the short term flagging downturn and suggests further selling to 1251. Minor corrections should stay in the 1270's to maintain bear trend forces. A push over 128050 stops pressing bear forces, but only a close over 1286.00* highlights a lasting turn to higher prices.

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
FxGrow Support is offline Broker   Reply With Quote
Old Dec 7, 2017, 11:19am   #966
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread FxGrow Daily Technical Analysis – 07th Dec, 2017
By FxGrow Research & Analysis Team

EUR/USD: Downside Action More Likable Ahead of Draghi Speech

EUR/USD has entered the fourth cosolodation session with choppy sideways trading. The pair has failed to stay above 1.1800 (10-EMA) level since Monday and still flirting with 1.1780 support level.

The pair lost traction after reports indicating rough negotiations with the UK and Brexit deal, weighing negatively on the EURO. On the other hand, last weak upbeat U.S data and approval for tax plan is still boosting the U.S dollar with expectations for more upward action as the Dec. rates odds are on the U.S Fed's menu.

Draghi, head of ECB will cross wires today but expectations are high for a neutral stance, no game changer for the EURO currency.

EUR/USD technical overview

Closing price: 1.1797

Target price: 1.1760

Resistance levels: 1.1840+, 1.1870, 1.1900*

Support levels: 1.1760-50, 1.1700-

Trend: Sideways / Down

Trend reversal price: 1.1900

Comment The choppy slide this week is shifting the short term trend bias down and warns for a larger unfolding selling wave to 1.1760-/1.1700. Trade is poised for selling pressures today. A reluctance to extend / stay under 1.1800- cautions for a bounce into congestion near 11840. However, a close over 1.19000* is needed to highlight a reversing upturn form corrections to launch a fresh bull wave near 1.2000+.

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
FxGrow Support is offline Broker   Reply With Quote
Old Dec 8, 2017, 9:41am   #967
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread FxGrow Daily Technical Analysis – 08th Dec, 2017
By FxGrow Research & Analysis Team

Britain and EU Strike Brexit Deal, EUR and GBP Up?

The EU and UK managed finally to reach a deal and move forward with Brexit as major news sources has just headlined as a breaking news. As a result, expectations for more upward action for British pound and some upward corrections as a retracement for the EURO. On the other hand, U.S will release major data today with NFP taking center stage.

GBP/USD technical overview:

Closing price: 1.3473

Trend: Sideways / Up

Target price: 1.3590?

Resistance levels: 1.3505, 1.3590-1.3667

Support levels: 1.3418, 1.3353*-, 1.3290

Trend reversal price: 1.3353

Comment Overall the market is short term bullish. A close over 13505 will rekindle bull trending to reach previous peaking levels at 1.3612+. A close over 1.3667 is bullish for moves to 1.3860. Be prepared for a near term slip and congestion inside the upper half of yesterday's range. Stable action over 1.3400+ suggests a build up for rallies. A close under 1.3353* highlights a topping turnover and chance for declines along 1.3200.

EUR/USD Technical overview:

Closing price: 1.1772

Target price: 1.1760 ( Achieved)

Resistance levels: 1.1836, 1.1876-1.1897*

Support levels: 11760-50, 11700-

Trend: Sideways / Down

Trend reversal price: 1.1897

Comment: The choppy slide this week is shifting the short term trend bias down and warns for a larger unfolding selling wave to 1.1760-/1.1700. Trade is poised for selling pressures today. Trade may recover for near term congestion just over 1.1800+. However, a close over 1.1897* is needed to highlight a reversing upturn form corrections to launch a fresh bull wave near 1.2000+.

U.S Dollar Index Technical Overview:

DEC US DOLLAR

Closing price(9378)

Target price: 94.05

Resistance levels: 93.89, 94.055*

Support levels: 9343, 9318, 9294*

Trend: Sideways / Up

Trend reversal price: 92.94

Comment The market has worked into a short term bottoming / bullish pattern and targets rallies to 94.055* resistance to challenge for a larger upturn. A close over 94.055* is bullish. Any minor dips should level off into sideways basing action off the low 93.00 area. A close under 92.94* is needed to reverse back to lower prices.

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
FxGrow Support is offline Broker   Reply With Quote
Old Dec 12, 2017, 9:28pm   #968
 
FxGrow Support's Avatar
Joined May 2015
FxGrow Support started this thread FxGrow Daily Technical Analysis – 11th Dec, 2017
By FxGrow Research & Analysis Team

GBP/USD Inching Higher Ahead of UK's Inflation Report

GBP/USD inaugurated Monday's trading session with bulls in action clocking 1.3427 high and 1.3366 low. The cable took a massive punch on Friday after releasing positive U.S Data, retreating from 1.3520 high and plunging to 1.3355 low. Technically, expectations for further upside action for the cable seems limited especially Friday's daily candle engulfing Thursday's strong bullish candle.

Fundamentally, a busy week for the market, first with today's CPI data coming from the UK with expectations placed at 3%, as as previous outcome. We are looking for a deviation in the inflation today which could set a more dovish tone for BOE's economic statement on Thursday taking into consideration that rates will stay put. On the other hand, FOMC meeting on Wednesday is taking all the attention with high expectations for hike.

Last but not least, market is looking forward to the UK PM Theresa May’s cabinet meeting scheduled later today, with the key agenda on the Brexit negotiations ahead of this week’s EU Summit.

GBP/USD Technical overview:

Closing price: 1.3395

Target price: None

Resistance levels: 1.3463, 1.3505+, 1.3610-67

Support levels: 1.3353*-, 1.3290

Trend: Sdwys/Up

Trend reversal price: 1.3353

Comment Overall the market is still short term bullish. A close over 1.3505 will rekindle bull trending to reach previous peaking levels at 1.3612+. A close over 1.3667 is bullish for moves to 1.3860. Friday's back off alerts for near term corrections. A close under 1.3353* highlights a topping turnover and chance for declines along 1.3240-00.

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
FxGrow Support is offline Broker   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
IKOFX Daily Market Analysis team.ikofx Forex 218 Apr 16, 2015 2:42am
FXHFT - Daily Market Analysis FXHFT Forex 2 Mar 10, 2015 1:43pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)