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Technical Analysis
Daily Technical Analysis by FxGrow
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[QUOTE="FxGrow Support, post: 83345, member: 34135"] [B][SIZE="4"]Daily Technical Analysis – 20th 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/EURUSD20may15_zps9bgnphk3.png[/IMG] EURUSD had a strong bearish momentum yesterday falling below 1.1150 to trade at 1.1129 in the Asian Trading session. The near term bias remains bearish with targets of 1.1100 to 1.1050 RSI (14), MACD (12, 26), ADX (14), CCI (14) indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.1117 while Resistance is at 1.1265 and 1.1288 [B][I][SIZE="1"]20th May 2015 – 05:11hrs GMT[/SIZE][/I][/B] [B][SIZE="5"]GBPUSD[/SIZE][/B] [IMG]http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD20may15_zps23rkmhqd.png[/IMG] GBPUSD is moving in a bearish momentum with the pair testing 1.5460 yesterday. It is expected to move in a low range and the near term bias remains bearish with targets of 1.5450 to 1.5400 RSI (14), MACD (12, 26), ROC, ADX (14) indicate a SELL; STOCH (9, 6) is Neutral; while Average True Range (14) indicates Less Volatility. Support is at 1.5444 while Resistance is at 1.5556 [B][I][SIZE="1"]20th May 2015 – 05:26hrs 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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