Daily Market Analysis by FxGrow

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Old May 11, 2015, 5:54am   #9
 
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FxGrow Support started this thread Daily Technical Analysis – 11th May, 2015
By FxGrow Research & Analysis Team

EURUSD

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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

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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.
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Old May 11, 2015, 5:57am   #10
 
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FxGrow Support started this thread Daily Technical Analysis – 11th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

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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

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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.
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Old May 11, 2015, 8:01am   #11
 
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FxGrow Support started this thread Daily Market Analysis – 11th May, 2015
By FxGrow Research & Analysis Team

US Non-Farm Payrolls rose by 223K in April

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US Non-Farm Payrolls rose by 223K in April which was just below market expectations for a 230,000 increase.

The unemployment rate was down to 5.4% and Participation Rate was at 62.8%. Following the NFP USD remained strong as the unemployment rate in the US plunged to a 7-year low.

EURUSD is trading lower in the Asian trading session at 1.1155 ahead of the Euro group Finance Ministers meeting in Brussels today.

The People’s Bank of China lowered interest rates to 5.1% as inflation figures fell short of expectations.

Asian markets are up after the PBOC cut its interest rates and a strong US NFP report on Friday.

Bank of England will announce its monetary policy decisions today with main focus on the quarterly inflation report.

In Canada Jobs report came with a loss of 19.7K jobs while the unemployment rate is at 6.8%.

WTI futures dropped to $59.22 per barrel on Monday on account of strong US dollar.

Gold is trading lower in the Asian trading session at 1187.20 after China rate cut while Silver is flat at 16.40

11th May 2015 – 06:36hrs 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.
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Old Jun 9, 2015, 8:50am   #12
 
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FxGrow Support started this thread Daily Technical Analysis – 09th June, 2015
By FxGrow Research & Analysis Team

EURUSD

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EURUSD is in a strong bullish momentum and touched a high of 1.1344 in the Asian trading session today. Now it is trading above its 20day moving average of 1.1268 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.1360 to 1.1380

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 1.1269 while Resistance is at 1.1322

09th June 2015 – 06:33hrs GMT


GBPUSD

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GBPUSD is in a strong bullish momentum and touched a high of 1.5372 in the Asian trading session today. Now the pair is trading above its 20day moving average of 1.5327 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.5410

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.5269 while Resistance is at 1.5374

09th June 2015 – 06:44hrs 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.
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Old Jun 9, 2015, 8:54am   #13
 
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FxGrow Support started this thread Daily Technical Analysis – 09th June, 2015
By FxGrow Research & Analysis Team

AUDUSD

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AUDUSD had a bullish trend yesterday and touched a high of 0.7715 in the Asian trading session today. Now the pair is trading just above its 20day moving average of 0.7678 in the European trading session. The near term bias remains Neutral to Bullish with targets of 0.7700

STOCH (9, 6), ADX (14) are Neutral; RSI (14), MACD (12, 26), Ultimate Oscillator, ROC, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7625 while Resistance is at 0.7721

09th June 2015 – 06:49hrs GMT


USDJPY

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USDJPY was bearish yesterday and touched a low of 124.15 in the Asian trading session today. Now it is trading below its 20day moving average of 124.72 in the European trading session. The near term bias remains Neutral to Bearish with targets of 124.00

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

Support is at 124.12 while Resistance is at 124.80

09th June 2015 – 06:54hrs 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.
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Old Jun 15, 2015, 3:44pm   #14
 
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FxGrow Support started this thread Daily Market Analysis – 15th June, 2015
By FxGrow Research & Analysis Team

Fears of Greek Default Rise after talks break down

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On Sunday night talks between Greek ministers and its European creditors collapsed after a new economic reform proposal submitted by Athens was deemed inadequate to continue negotiations.

Germany has given a clear warning that Greece could leave the Eurozone as officials were unable to reach out a last-minute deal in Brussels.

“The shadow of a Greek exit from the Eurozone is becoming increasingly perceptible. Greece’s game theorists are gambling the future of their country and Europe’s too” - German Vice Chancellor, Sigmar Gabriel.

Greece needs to repay €1.6bn to the IMF by June 30 or risk default, and a possible exit from the Euro. It also needs to repay €6.7bn when Greek bonds held by the European Central Bank fall due in July and August this year.

Greek default and exit from the Euro could trigger some huge moves in the markets and will have a damaging effect on countries that are part of the Eurozone.

"We want to help Greece and keep it in the euro. However, not just time is running out but also, everywhere in Europe, patience. All over Europe there is a growing sentiment: Enough!" - German Vice Chancellor, Sigmar Gabriel.

Greece is under pressure as it also needs another €1.5 billion to pay public sector wages and pensions and it cannot do so without the bailout funds.

The Greek government is blaming its European creditors and IMF who financed its 240 billion Euro bailout program in 2010, for sticking with demands that are economically senseless and politically unacceptable to the Greek citizens.

Manufacturing industry in the Euro zone rebounded by 0.1% in April lower than analyst expectations of a 0.4% gain. Largest contribution came in from Germany and France. A new report from the World Bank forecasts the Euro area's GDP to increase by 1.5% this year.

US Producer Prices rose to 0.5% in May indicating signs of an economic recovery as the world's biggest economy is getting back on track.

In Japan Industrial output rose by 1.2% in April while exports climbed to 0.6% supported by a weaker Yen.

"There's a large majority of bond investors who think the next move by the Bank of Japan is going to be more easing" - Morgan Stanley MUFG Securities Co.

Crude Oil is down to $59.51 on concerns over a global oversupply versus the demand.

Gold is trading lower in the Europe at 1174.30 while Silver is weak at 15.87

15th June 2015 – 10:11hrs 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.
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Old Jun 16, 2015, 8:47am   #15
 
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FxGrow Support started this thread Daily Technical Analysis – 16th June, 2015
By FxGrow Research & Analysis Team

EURUSD

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EURUSD had a bullish trend yesterday and touched a high of 1.1293 and remained firm towards the end of the trading session. Now it is trading above its 20day moving average of 1.1268 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.1360 to 1.1380

RSI (14), MACD (12, 26), ROC, MA100, MA200 indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.1207 while Resistance is at 1.1322

16th June 2015 – 07:00hrs GMT


GBPUSD

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GBPUSD had a bullish trend yesterday and touched a high of 1.5613 and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5584 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.5680

RSI (14), STOCH (9, 6), MACD (12, 26), STOCHRSI (14), CCI (14), ROC, MA100, MA200 indicate a BUY; Ultimate Oscillator is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.5552 while Resistance is at 1.5650

16th June 2015 – 07:04hrs 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.
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Old Jun 16, 2015, 8:50am   #16
 
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FxGrow Support started this thread Daily Technical Analysis – 16th June, 2015
By FxGrow Research & Analysis Team

AUDUSD

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AUDUSD had a bullish trend yesterday and touched a high of 0.7775 but now it has corrected lower. Now the pair is trading below its 20day moving average of 0.7761 in the European trading session. The near term bias remains Neutral to Bearish.

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

Support is at 0.7721 while Resistance is at 0.7779

16th June 2015 – 07:09hrs GMT


USDJPY

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USDJPY remained indecisive yesterday and moved in a closed range. Now it is trading above its 20day moving average of 123.47 in the European trading session. The near term bias remains Neutral to Bullish with targets of 124.10

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

Support is at 123.32 while Resistance is at 123.88

16th June 2015 – 07:15hrs 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.
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