Daily Technical Analysis by FxGrow - page 32
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FxGrow Daily Technical Analysis – 07th April, 2016
By FxGrow Research & Analysis Team
USDCAD stalled gains after weak IVEY PMI data
The USDCAD failed to gain traction above 1.3220 resistance point forming a strong downtrend after weaker than expected PMI data. Yesterday’s FOMC meeting minute released supported the downward direction of the trend as the USDCAD closed below the major resistance level 1.3100. Breaking 1.3030 will ruin the pair reaching 1.3000, 1.2965 and 1.2940.
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 – 08th April, 2016
By FxGrow Research & Analysis Team
EURUSD struggled after Yellen’s comments
The EURUSD failed to breakout and continue its uptrend after reaching 1.1455 high on Yellen’s less cautious tone for interest rate hike this year. Japanese finance minister also supported the dollar on warnings of the one-sided Yen rise. Breaking the strong support point 1.1360 will push the EURUSD lower reaching next support levels 1.1325 and 1.1295.
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 – 11th April, 2016
By FxGrow Research & Analysis Team
EURUSD more actions on ECB minutes
The EURUSD steadied in a long-term range between 1.1365 and 1.1435 on political tension and ‘Brexit’ issues and on concerns that the ECB is more likely to cut further rates than expanding Quantitative Easing (QE) program. The EURUSD remains under pressure as it fails to cut 1.1455 and breaking 1.1390 will continue slumping near 1.1375, 1.1345 and 1.1330 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 – 11th April, 2016
By FxGrow Research & Analysis Team
GBPUSD trade sentiment stays above the long-term support ahead of BOE meeting
GBPUSD has appreciated and traded above 1.4060 after Fed dovish comments on interest rate hike expectations this year. Sticky UK inflation will push the GBPUSD higher and cutting 1.4190 continues increasing to 1.4220, 1.4245 and 1.4265 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 – 12th April, 2016
By FxGrow Research & Analysis Team
EURUSD Bearish signal among negative RSI
The EURUSD remains consolidating in a long-term range below the highest level 1.1455 this year. The pace of Fed interest rate hike weighed on the EURUSD as Fed policymakers calls for a June rate hike. Breaking the 61.8% Fibonacci expansion 1.1365 will confirm a bearish reversal toward 1.1335, 1.1295 and 1.1265 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 – 12th April, 2016
By FxGrow Research & Analysis Team
AUDUSD short position ahead of Aussie employment report
The AUDUSD may continue its downward movement as the RSI remains in a bearish formation after weak Chinese CPI data and on forecasts the Fed might increase rates in June. The AUDUSD will support its short leg once it cut the major support point 0.7530 targeting 0.7495, 0.7475 and 0.7440 as long-term 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 – 13th April, 2016
By FxGrow Research & Analysis Team
EURUSD failed its second daily bullish breakout
The EURUSD is trading back at the pivot range as it failed another breakout after it cuts the resistance level 1.1455. The EURUSD will see a reversal move as it breaks the strong support level 1.1360 creating a bearish leg near 1.1320 and 1.1285 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 – 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.