Daily Market Analysis by FxGrow - page 45
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FxGrow Daily Technical Analysis – 13th April, 2016
By FxGrow Research & Analysis Team
USDCAD new lows ahead of BOC statement today
The USDCAD is trading below October’s low 1.2830 as Canadian employment data boosts expectations. The trend lacked acceleration after a rise in Crude oil prices, and firmer US Dollars supported the bearish movement thus reaching new lows 1.2750. Breaking this major support point will push the USDCAD toward 1.2730 and 1.2690 as next support levels.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 14th April, 2016
By FxGrow Research & Analysis Team
EURUSD and the bearish sentiment arrived
The EURUSD drops from range as it cuts the strong support point 1.1360 providing a sharp leg lower below the major support point 1.1285. Today, the US CPI data will generate more volatility to the EURUSD and breaking 1.1260 will push the pair lower toward 1.1220 and 1.1185 respectively.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 14th April, 2016
By FxGrow Research & Analysis Team
AUDUSD erased gains despite solid jobs report
The AUDUSD rose to 0.7716 highs after strong Australia’s employment report, but gains were limited and the AUDUSD flattens around the pivot range 0.7655. The AUDUSD needed to close above the 23.6% Fibonacci expansion 0.7707 in order to open the door for an uptrend toward 0.7735, 0.7770 and 0.7805.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 15th April, 2016
By FxGrow Research & Analysis Team
GBPUSD slumps on BOE decision
The GBPUSD decreased but still trading above the solid support point 1.4090 as the Bank of England (BOE) kept rates unchanged as expected at 0.5%. The minutes also claimed that ‘Brexit’ is going to weigh on economic activity and will affect the currency negatively. Breaking 1.4090 will push the GBPUSD lower at 1.4030 and 1.3980 as strong daily support points.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 15th April, 2016
By FxGrow Research & Analysis Team
USDJPY higher surge toward 1.1000 psychological level
The USDJPY is still retracing higher after hitting bottom at 107.63 lows. The USDJPY needs a push toward the 38.2% Fibonacci retracement 1.1000 which is the major psychological level in order to clear the downside movement. Thus breaking the minor resistance level 1.0970 will continue surging higher to reach 1.1000 and 1.1055 respectively.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 18th April, 2016
By FxGrow Research & Analysis Team
The EURUSD is treading water ahead of Draghi’s conference
The EURUSD was trading a leg lower as equity markets rallied awaiting Draghi’s conference this week. Although inflation is weak, the European Central Bank (ECB) is expected not to ease this month and to keep rates unchanged thus giving the EURUSD a possibility of another rally as it breaks 1.1330 to reach 1.1365 and 1.1398 respectively.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 18th April, 2016
By FxGrow Research & Analysis Team
The AUDUSD erased gains despite better than expected Chinese GDP data
The AUDUSD surged higher and tests near the major resistance level 0.7740 as China’s GDP meets forecast. The AUDUSD needs a candle above 0.7745 to regain its momentum and to open an uptrend toward 0.7770 and 0.7820 respectively.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 19th April, 2016
By FxGrow Research & Analysis Team
The EURUSD playing above 1.1300 ahead of ECB meeting on Thursday
The economic recovery in the Euro zone and the higher surge in oil prices pushed the EURUSD higher at 1.1345. Market volatility rise as Fed policymaker claimed to stay more cautious about interest rate hike this year after showing that US economic conditions are favorable awaiting further data to be released, thus putting pressure on the US dollar. Breaking the first resistance point 1.1345 will extend gains to 1.1370 and 1.1405 as next resistance levels.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 20th April, 2016
By FxGrow Research & Analysis Team
The AUDUSD hits new high of the year
The AUDUSD increased to its highest level this year reaching 0.7826. Chinese data and firmer US Dollars supported the Aussie rally and finally the Australian dollar reached the key resistance level 0.7815. Trading above 0.7760 will open the door for the AUDUSD to expand its bullish momentum touching near-term resistance levels 0.7840 and 0.7890.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Daily Technical Analysis – 20th April, 2016
By FxGrow Research & Analysis Team
The EURUSD downtrend may be resuming
The EURUSD is recovering after it fell to 1.1234 its lowest level in two weeks. Sluggish US Dollars and better than expected German Zew data created bullish signals for the euro and a push through the 1.1400 and 1.1500 zone is needed to clear the chance of a bearish trend. Breaking 1.1400 will trigger an uptrend to reach 1.1435, 1.1455 and 1.1475 as near-term resistance points.
To read this Full in depth Analysis please visit FxGrow.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.