Daily Technical Analysis by FxGrow - page 29
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FxGrow Daily Technical Analysis – 14th March, 2016
By FxGrow Research & Analysis Team
USDJPY - movement inside big triangle pattern
Since February 26 USDJPY is moving in side trend between levels 112.30 - 114.40. It has to be noted that volatility is decreasing and at time-frame H4 triangle pattern occurred. Currently lower limit of the triangle should be found at 112.60 and upper limit at 114.30. After breaking one of indicated levels, dynamic movement is expected.
Time-frame H4
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 March, 2016
By FxGrow Research & Analysis Team
CADJPY - declines after BOJ meeting
On Tuesday there was a meeting of the Japanese central bank. BOJ didn't change anything - left interest rates and QE at current levels. Japanese Yen in reaction, strengthened to all of the currencies.
Declines at CADJPY wasn't a surprise. Since two weeks price moved below upper limit of the bullish regression channel. Yesterday we saw a rebound from resistance at 86.20. Target for declines should be 83.10 level. There coincides lower limit of the channel and support. On the way to indicated level there is a support at 84.30.
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 March, 2016
By FxGrow Research & Analysis Team
EURUSD - silence before the storm, ahead of FOMC meeting
Price stabilized above 1.1070 level after huge volatility on the last Thursday. It was caused by ECB meeting. It's not the end of market's attractions because tomorrow there will be the FOMC meeting and decision about interest rates.
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 – 16th March, 2016
By FxGrow Research & Analysis Team
EURGBP highest since the beginning of march
Yesterday EURGBP broke above resistance at 0.7840. Upward movement may reach 0.7910 and next 0.8020 if demand won't fail. However if supply wins and price returns below 0.7840 nearest supports will be located at levels: 0.7710, 0.7610.
Wider view, time-frame W1
Time-frame W1
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 – 16th March, 2016
By FxGrow Research & Analysis Team
EURPLN - uptrend line was broken
During last 2 months EURPLN felt 2400 pips. Previous upward movement from January 2016 was caused by the decision of Standard & Poor's agency, which unexpectedly cut Poland's credit rating. As you can see current declines shows that previous reaction on PLN was exaggerated.
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 – 17th March, 2016
By FxGrow Research & Analysis Team
AUDUSD broke above resistance at 0.7600
Since two months there is a bull market on AUDUSD. Today price broke above resistance at 0.7600 and right now is leading to next resistance at 0.7880. Before test of indicated level it is likely that price will re-test 0.7600 again, but this time test will be from the top.
Wider view, time-frame W1
Time-frame W1
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 – 17th March, 2016
By FxGrow Research & Analysis Team
EURUSD - fight at 1.1330 resistance area
EURUSD sharply moved up after FOMC meeting where Janet Yellen FED's chair was very dovish. For last 24 hours price moved up by 300 pips. So far high from February wasn't tested however it is a matter of time that level 1.1380 will be re-tested.
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 March, 2016
By FxGrow Research & Analysis Team
GBPCAD new 10-months low
Since the beginning of the March GBPCAD moved up in correction. Rebound wasn't very strong because upward movement didn't reach even to Fibonacci 38.2% level. Correction finished on Wednesday when new low occurred. Yesterday price reacted at support and 1.8680 level has been defended.
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 March, 2016
By FxGrow Research & Analysis Team
OIL WTI - nearest target for upward movement is 43.20
Rebound at OIL WTI is in progress. After new low on 11 February, when price reached to 26.00 rebound occurred and it lasts for today. At chart we can indicate uptrend channel in which price is moving.
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 – 21st March, 2016
By FxGrow Research & Analysis Team
USDCAD at key level
USDCAD is continuing downward movement which was started in mid-January 2016. Currently further direction of the main uptrend is endangered. Because uptrend line was broken (that line was respected since 2012), return above 1.3200 - 1.3250 area should be treated as a bullish signal. It will inform that demand returned to the market.
Time-frame W1
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.