Daily Technical Analysis by FxGrow - page 54
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FxGrow Daily Technical Analysis – 16th Sept, 2016
By FxGrow Research & Analysis Team
USD/CAD INTRADAY 1.3160 TRADING ZONE, AHEAD OF U.S CPI AND CANADIAN MANUFACTURING SALES REPORTS.
After clocking a high 1.3233 yesterday, reaching its highest through Sept, the USD/CAD dropped later on to 1.3132 the USD is still moving strong in the market against major currencies and commodities. The USD/CAD rallied up again in bullish trend since early this morning and expected to move more upward later today till 1:30 PM GMT when U.S CPI and Canadian Manufacturing Sales reports are released constantly. This will draw a better picture on how things will go after that.
Right now the USD/CAD is trading at 1.3165, and expected to continue moving upward.
For more in depth Research & 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 Sept, 2016
By FxGrow Research & Analysis Team
AUD/USD NOURISHING, IMPACT OF RBA AND AND MONETARY POLICY
The AUD/USD opened this morning in bullish candle charts climbing from 0.7475, rallied to 0.7544. The AUD/USD was moving strong against the greenback since beginning of Sep until the 8th of Sep where roles took a shit and the AUD dove in a bearish trend clocking its lowest during Sep 0.7442.
The Australian Monetary Policy and Governor of Reserve Bank meeting on 19th of Sep meeting objectives and goals were focused on the transparency and accountability in their relationship. This had the positive impact on AUD/USD and why it went upward.
For more in depth Research & 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 Sept, 2016
By FxGrow Research & Analysis Team
GBPUSD STARTS WITH THE SAME SCENARIO AS YESTERDAY, AFTER INVERTED HAMMER FORMATION
Just like yesterday, The GBP/USD started wit bullish trend, after dropping to 1.2998, the GBPUSD rallied again to 1.3046. Although there was buying pressure during previous sessions, the bulls were not able to sustain thee pressure and prices closed well off of their highs. Just like yesterday. Roles are mixed between GBP and USD, whose moving stronger facing each others.
For more in depth Research & 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 Sept, 2016
By FxGrow Research & Analysis Team
USD/CAD COMATOSE WITH BEARISH HAMMER CANDLES, WITH ABSENCE OF NEWS
USD/CAD is still moving neutral to bearish, taking a deep sleep ( comatose ) is trading movement in absence of crucial news that has major effect on the Canadian Dollar. CAD is still fighting trying to move stronger than USD, but with the absence of trust and faith in Canadian Dollar, the bearish movement is slight. Today, Poloz, governor bannk of Canada, will draw a better picture of how the Canadian will move facing USD and other pairs.
For more in depth Research & 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 Sept, 2016
By FxGrow Research & Analysis Team
GOLD STILL TRADING IN YESTERDAY ZONE 1310/1315, BELOW WEEKLY PIVOT 1315.30, BEARISH TREND INDICATION
Since yesterday, XAUUSD is still trading below weekly pivot, and failed to break it's first resistance station at 1317.79 which suggests a more downward trend into 1310 zone and maybe lower than that. With the absence of major news today that could affect gold, it's expected to trade between 1310 and 1317 area. Tomorrow, 21 Sep, the most important news during 2016 will be released by U.S government FOMC having huge impact on commodities (GOLD, Silver ), major currencies. In other words, tomorrow news set of rulers will be applied that will set the trend for the coming weeks, even months.
For more in depth Research & 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 Sept, 2016
By FxGrow Research & Analysis Team
EUR/USD FAILS TO SUSTAIN 1.12 ZONE, U.S DOLLAR STILL MOVING BULLISH AGAINST ALL CURRENCIES
EUR/USD is still trading since Friday 16 Sep below weekly pivot 1.1195. On Friday, EUR/USD clocked a high 1.1250 but failed to maintain this level, it dropped dramatically later trading now at 1.1138, still below weekly pivot which indicated a more bearish drop for later on. Today major news on U.S FOMC that will dictates the market trend for the coming weeks.
For more in depth Research & 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 Sept, 2016
By FxGrow Research & Analysis Team
CRUDE OIL JUMPED 1% ON WEDNESDAY, HOURLY CHARTS INDICATES STRONG BUYING, AWAITING EIA REPORT, LATER ON FOMC
Crude oil jumped 1% today, rallied up from 43.96 and clocked a high intraday 45.10 at crude oil opening. Crude oil is scoring bullish hourly candle charts and right now trading above H5 PP which indicates a more bullish trend ahead of crude oil inventories report today at EIA 3:30 PM GMT, later on FOMC at 7 PM GMT. The market might witness a high volatility of either mix trend ( if news were mixed ) or more bullish if EIA and FOMC reports supported the trend positively.
For more in depth Research & 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 – 22nd Sept, 2016
By FxGrow Research & Analysis Team
USD/JPY STANDS A GUARD AGAINST THE 100.00 DOOR, MAKES A REBOUND TO 100.60 ZONE 9 am GMT
The BOJ decision to leave the interest rates unchanged & take on a new policy keeping 10-year bond yields near zero caused massive wave of selling volumes. Add to that later on, the FOMC left rates the same, unchanged, changed ground rules as analytics were expecting an increase. The greenpack look weak and dragged USD/JPY into one month low. The USD/JPY is expected to trade in neutral area between first support S1 100.102 and first resistance R1 100.625. The only reason to break these barriers is today the U.S unemployment claims report at 1:30 Pm GMT which will cause am increase in buying and selling by traders that will either break either support levels or resistance levels.
For more in depth Research & 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 – 23rd Sept, 2016
By FxGrow Research & Analysis Team
USD/CAD FLIRTING WITH 1.3060 ZONE AFTER DROPPING TO 1.3000
The USD/CAD dropped to lowest near 1.3000 since 13 Sep then rallied up again trading around H5 PP 1.3060. The FOMC release leaving rates on the U.S Dollar unchanged and the U.S Unemployment Claims yesterday, made the Canadian dollar move stronger than the greenpack. The U.S dollar has been moving very strong facing major currencies and commodities until Wednesday FOMC, Later on Unemployment Claims yesterday. The USD/CAD might drop more today if the Canadian Core CPI 1:30 PM GMT came positive supporting the Canadian Dollar to move stronger than U.S Dollar, and vise versa.
For more in depth Research & 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 – 24th Sept, 2016
By FxGrow Research & Analysis Team
EUR/USD FLIRTING WITH 1.1220 ZONE, ABOVE WEEKLY PP, AHEAD OF IFO, LATER ON DRAGHI
The EUR/USD, right now trading in it's normal range after dropping to 1.1148 on 16th Sep. The EUR strengthen facing the U.S dollar, started a bullish and clocked 1.1257 on 22th Sep and right now trading in the 1.1235 range, also expected to increase later on today after last week press releases on the U.S economy.
Data wise in the Old Continent, the German IFO is expected to improve in all of its components for the current month followed by the speech of President M.Draghi and board member E.Nowotny.
For more in depth Research & 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.