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Technical Analysis
Daily Technical Analysis by FxGrow
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[QUOTE="FxGrow Support, post: 82906, member: 34135"] [B][SIZE="4"]Daily Technical Analysis – 12th May, 2015[/SIZE][/B] [I]By FxGrow Research & Analysis Team[/I] [B][SIZE="5"]AUDUSD[/SIZE][/B] [IMG]http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD12may15_zps7vroraqv.png[/IMG] AUDUSD remains stable at 0.7926 and the near term bias is bullish with targets of 0.8000; some correction is expected in the European trading session today. RSI (14), MACD (12, 26) and STOCH (9, 6) indicate a BUY while STOCHRSI (14) is oversold. Average True Range (14) indicates Less Volatility. Support is at 0.7876 and 0.7885 while Resistance is at 0.7925 [B][I][SIZE="1"]12th May 2015 – 04:48hrs GMT[/SIZE][/I][/B] [B][SIZE="5"]USDJPY[/SIZE][/B] [IMG]http://i1148.photobucket.com/albums/o568/onestore40/USDJPY12may15_zpsenp08jbi.png[/IMG] USDJPY maintains its bullish tone with the pair testing 120.16 in the Asian trading session. Near term bias remains bullish within the range of 121.00 to 121.50 but overall scenario remains Neutral. RSI (14), STOCH (9, 6), ADX (14) and MACD (12, 26) indicate a BUY while ATR (14) indicates less volatility. Support is at 119.99 while Resistance is at 120.22 [B][I]12th May 2015 – 04:42hrs GMT[/I][/B] [B][I]For more in depth Research & Analysis [URL="http://fxgrow.com/"]please visit FxGrow[/URL].[/I][/B] [SIZE="1"][I][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.[/I][/SIZE] [/QUOTE]
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