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Technical Analysis
Daily Technical Analysis by FxGrow
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[QUOTE="FxGrow Support, post: 82829, member: 34135"] [B][SIZE="4"]Daily Technical Analysis – 11th May, 2015[/SIZE][/B] [I]By FxGrow Research & Analysis Team[/I] [B][SIZE="5"]EURUSD[/SIZE][/B] [IMG]http://i1148.photobucket.com/albums/o568/onestore40/EURUSD11may15_zpsgkmwcyst.png[/IMG] 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 [B][I][SIZE="1"]11th May 2015 – 04:03hrs GMT[/SIZE][/I][/B] [B][SIZE="5"]GBPUSD[/SIZE][/B] [IMG]http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD11may15_zpsjz461dua.png[/IMG] 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 [B][I][SIZE="1"]11th May 2015 – 04:12hrs GMT[/SIZE][/I][/B] [I][SIZE="1"][B]Note:[/B] 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.[/SIZE][/I] [/QUOTE]
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