Daily Technical Analysis by FxGrow

Discussion in 'Technical Analysis' started by FxGrow Support, May 8, 2015.

  1. FxGrow Support

    FxGrow Support Master Trader

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    Dear Forum Members!

    Here you can find Daily Technical Analysis of Major Currencies.

    We hope that this information will be helpful for your trading.

    Best Regards
    FxGrow Support

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    Terms used in our Analysis

    RSI (14) - Relative strength index 14 days Time frame
    MACD (12, 26) - Moving Average Convergence Divergence 12 day EMA - 26 day EMA
    EMA - Exponential moving average
    ADX (14) - Average Directional Index 14 days
    ATR (14) - Average True Range 14 days
    SMA - Simple Moving Average
    MA x - Moving Average where x is the number of days
    STOCH RSI (14) - Stochastic RSI 14 days
    William %R - Momentum Indicator
    CCI(14) - Commodity Channel Index
    ROC - Rate of Change

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  2. FxGrow Support

    FxGrow Support Master Trader

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    Daily Technical Analysis – 08th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD could not hold on to its bullish trend and came down on profit taking at 1.1220 Near term bias is bearish but overall scenario remains bullish.

    RSI (14), ADX (14) and MACD (12, 26) indicate a SELL while Average True Range (14) indicates Less Volatility.

    Support is at 1.1197 while Resistance is at 1.1265, 1.1288 and 1.1391



    GBPUSD

    [​IMG]

    GBPUSD continues its strong bullish momentum crossing 1.5480; the short term bias is bullish within range of 1.5500 to 1.5550, and a correction is expected due to profit taking.

    RSI (14), MACD (12, 26) and ADX (14) indicate a BUY while ATR (14) indicates High volatility.

    Support is at 1.5303 while Resistance is at 1.5497 and 1.5521



    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.
     
  3. FxGrow Support

    FxGrow Support Master Trader

    2,009
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    Daily Technical Analysis – 08th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD could not hold on to its bullish trend and came down to 0.7900 and remains vulnerable to downside movements with targets of 0.7850 and 0.7800

    RSI (14), MACD (12, 26) and MA100 indicate a SELL while STOCH (9, 6) is Neutral and STOCHRSI (14) is overbought. Average True Range (14) indicates Less Volatility.

    Support is at 0.7862 and 0.7876 while Resistance is at 0.7937 and 0.7975




    USDJPY

    [​IMG]

    USDJPY is higher at 119.90 and the near term bias remains bullish within the range of 120.00 to 120.35, sideways movements are possible in the European trading session.

    RSI (14), STOCHRSI (14), ADX (14), CCI (14) and MACD (12, 26) indicate a BUY. STOCH (9, 6) is overbought and ATR (14) indicates less volatility.

    Support is at 119.04 while Resistance is at 119.96 and 119.99



    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.
     
  4. FxGrow Support

    FxGrow Support Master Trader

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    Daily Technical Analysis – 11th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​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

    11th May 2015 – 04:03hrs GMT


    GBPUSD

    [​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

    11th May 2015 – 04:12hrs GMT




    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.
     
  5. FxGrow Support

    FxGrow Support Master Trader

    2,009
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    Daily Technical Analysis – 11th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD remains in Uptrend at 0.7885 and is expected to consolidate at 0.7850 to 0.7900 in the Asian trading session.

    RSI (14), MACD (12, 26), STOCH (9, 6) and MA100 indicate a SELL while STOCHRSI (14) is oversold. Average True Range (14) indicates Less Volatility.

    Support is at 0.7860 and 0.7876 while Resistance is at 0.7937 and 0.7966

    11th May 2015 – 04:19hrs GMT



    USDJPY

    [​IMG]

    USDJPY is moving sideways trading below 120.00 in the Asian trading session and the near term bias remains Neutral.

    RSI (14) is Neutral; STOCHRSI (14) is overbought; ADX (14), CCI (14) and MACD (12, 26) indicate a BUY while ATR (14) indicates Less volatility.

    Support is at 119.70 while Resistance is at 120.08

    11th May 2015 – 04:26hrs GMT




    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.
     
  6. FxGrow Support

    FxGrow Support Master Trader

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    Daily Technical Analysis – 12th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD came below the 10day SMA but pulled back above the support level of 1.1136 in the Asian trading session to reach 1.1160 with the near term bias remaining Neutral.

    RSI (14) and STOCH (9, 6) is Neutral; STOCHRSI (14) is overbought; ADX (14) and MACD (12, 26) indicate a SELL while Average True Range (14) indicates Less Volatility.

    Support is at 1.1129 while Resistance is at 1.1164 and 1.1176

    12th May 2015 – 04:27hrs GMT


    GBPUSD

    [​IMG]

    GBPUSD continues its bullish tone crossing 1.5600 yesterday. Near-term bias remains bullish to neutral within the range of 1.5620 to 1.5560

    RSI (14) and MACD (12, 26) indicate a BUY; STOCH (9, 6) and CCI (14) indicate a SELL while ATR (14) is Neutral.

    Support is at 1.5497, 1.5521 while Resistance is at 1.5589 and 1.5612

    12th May 2015 – 04:36hrs GMT

    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.
     
  7. FxGrow Support

    FxGrow Support Master Trader

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    Daily Technical Analysis – 12th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​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

    12th May 2015 – 04:48hrs GMT


    USDJPY

    [​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

    12th May 2015 – 04:42hrs GMT

    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.
     
  8. FxGrow Support

    FxGrow Support Master Trader

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    Daily Technical Analysis – 13th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD tried to regain its bullish trend yesterday but came under selling pressure to close below 1.1220 In the Asian trading session the pair is up at 1.1250 and near term bias is bullish with targets of 1.1280 to 1.1300

    RSI (14), MACD (12, 26), ADX (14), CCI (14) and ROC indicate a BUY; STOCH (9, 6) is Neutral; STOCHRSI (14) is overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 1.1129 while Resistance is at 1.1269 and 1.1278

    13th May 2015 – 04:41hrs GMT



    GBPUSD

    [​IMG]

    GBPUSD had a strong bullish tone yesterday crossing 1.5700 and the near term bias is bullish in the range of 1.5740 to 1.5800

    RSI (14), MACD (12, 26), ADX (14) and CCI (14) indicate a BUY; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5556, 1.5589 while Resistance is at 1.5710

    13th May 2015 – 04:46hrs GMT

    For more in depth Research & Analysis [URL deleted] 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.
     
  9. FxGrow Support

    FxGrow Support Master Trader

    2,009
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    Daily Technical Analysis – 13th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD has started its bullish tone with the pair crossing 0.8000 in the Asian trading session. The near term bias is bullish with targets of 0.8100

    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 0.79125 and 0.7937 while Resistance is at 0.8006

    13th May 2015 – 04:55hrs GMT



    USDJPY

    [​IMG]

    USDJPY could not sustain its bullish momentum yesterday and came down below 120.00 and is trading at 119.85 in the Asian trading session. The near term bias remains Neutral.

    RSI (14), ADX (14) is Neutral, STOCHRSI(14) is overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 119.74 while Resistance is at 120.27

    13th May 2015 – 04:51hrs GMT

    For more in depth Research & Analysis [URL deleted] 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.
     
  10. FxGrow Support

    FxGrow Support Master Trader

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    Daily Technical Analysis – 14th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD rose sharply yesterday and is strong in the Asian trading session. Unable to cross 1.1400 indicates a short term correction in the prices. The near term bias is neutral to bullish within the range of 1.1350 to 1.1400

    RSI (14), MACD (12, 26), CCI (14) indicate a BUY; STOCH (9, 6) is Neutral; STOCHRSI (14) is oversold; while Average True Range (14) indicates Less Volatility.

    Support is at 1.1265 while Resistance is at 1.1382 and 1.1391

    14th May 2015 – 04:57hrs GMT



    GBPUSD

    [​IMG]

    GBPUSD retains its bullish tone trading above the 1.5750 and the near term bias is bullish to neutral in the range of 1.5750 to 1.5800 with sideways movements possible in the European trading session.

    RSI (14), MACD (12, 26), CCI(14) indicate a BUY; ADX(14) is Neutral; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5632 while Resistance is at 1.5768

    14th May 2015 – 05:00hrs GMT

    For more in depth Research & Analysis [URL deleted] 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.
     
  11. FxGrow Support

    FxGrow Support Master Trader

    2,009
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    Daily Technical Analysis – 14th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD is in a strong bullish momentum surging ahead of 0.8100 and the near term bias is bullish with targets of 0.8200 to 0.8230

    RSI (14), MACD (12, 26) and CCI (14) indicate a BUY while STOCHRSI (14) is oversold. Average True Range (14) indicates Less Volatility.

    Support is at 0.8029 while Resistance is at 0.8162

    14th May 2015 – 05:04hrs GMT


    USDJPY

    [​IMG]

    USDJPY remains bearish trading at 119.18 in the Asian trading session. The near term bias is bearish to Neutral with targets of 118.50

    RSI (14), MACD (12, 26) indicate a SELL; STOCH (9,6) is Neutral; STOCHRSI(14) is overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 119.04 while Resistance is at 119.35

    14th May 2015 – 05:07hrs GMT

    For more in depth Research & Analysis [URL deleted]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.
     
  12. FxGrow Support

    FxGrow Support Master Trader

    2,009
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    Daily Technical Analysis – 15th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD continues its bullish momentum crossing 1.1440 yesterday. The near term bias is bullish with targets of 1.1500 to 1.1540

    RSI (14), MACD (12, 26), CCI (14), STOCH (9, 6) indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 1.1342 while Resistance is at 1.1444 and 1.1449

    15th May 2015 – 04:34hrs GMT


    GBPUSD

    [​IMG]

    GBPUSD continues its bullish tone crossing 1.5800 yesterday. Some correction is expected in the European trading session and the near term bias is Neutral to bullish with targets of 1.5850

    RSI (14), CCI (14) is Neutral; MACD (12, 26), STOCH (9, 6) indicate a BUY; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5763 while Resistance is at 1.5814

    15th May 2015 – 04:40hrs GMT

    For more in depth Research & Analysis [URL deleted]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.
     
  13. FxGrow Support

    FxGrow Support Master Trader

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    Daily Technical Analysis – 15th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD came down yesterday and is presently in the bearish tone trading below 0.8100 the near term bias is bearish with targets of 0.8000 to 0.7950

    RSI (14), MACD (12, 26), CCI (14), ADX (14) indicate a SELL while STOCHRSI (14) is Oversold. Average True Range (14) indicates Less Volatility.

    Support is at 0.8041 while Resistance is at 0.8162

    15th May 2015 – 04:47hrs GMT


    USDJPY

    [​IMG]

    USDJPY is in Bullish trend crossing 119.40 in the Asian trading session. The near term bias is bullish with targets of 120.00

    RSI (14), MACD (12, 26), STOCH (9, 6), STOCHRSI (14) indicate a BUY; while Average True Range (14) indicates Less Volatility.

    Support is at 118.97 while Resistance is at 119.46

    15th May 2015 – 04:53hrs GMT

    For more in depth Research & Analysis [URL deleted]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.
     
  14. FxGrow Support

    FxGrow Support Master Trader

    2,009
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    Daily Technical Analysis – 18th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD regained its bullish trend crossing 1.1460 on Friday and is trading above 1.1400 in the Asian trading session. The near term bias is Neutral to Bullish with some correction possible in the European trading session.

    RSI (14) is Neutral; MACD (12, 26), MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

    Support is at 1.1322 while Resistance is at 1.1459 and 1.1465

    18th May 2015 – 04:35hrs GMT


    GBPUSD

    [​IMG]

    GBPUSD could not retain its bullish trend on Friday and came down below 1.5750 Further correction is possible today within the range of 1.5700 The near term bias is Neutral to Bullish with targets of 1.5810

    RSI (14), STOCHRSI (14) is Neutral; MA100 and MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5700 while Resistance is at 1.5785 and 1.5807

    18th May 2015 – 04:42hrs GMT

    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.
     
    Last edited: May 18, 2015
  15. FxGrow Support

    FxGrow Support Master Trader

    2,009
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    Daily Technical Analysis – 18th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD is in bearish trend trading at 0.8017 in the Asian trading session. The support level of 0.8000 could easily be broken in the European trading session with targets of 0.7950 to 0.7920 today.

    RSI (14), MACD (12, 26), CCI (14), STOCHRSI (14) indicate a SELL; while Average True Range (14) indicates Less Volatility.

    Support is at 0.7995 while Resistance is at 0.8067

    18th May 2015 – 04:49hrs GMT


    USDJPY

    [​IMG]

    USDJPY has started its bullish trend with the pair trading above 119.50 in the Asian trading session. The near term bias is Neutral to bullish with targets of 120.20

    RSI (14), MACD (12, 26), STOCH (9, 6) indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 119.46 while Resistance is at 119.82 and 119.92

    18th May 2015 – 04:54hrs GMT

    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.
     
  16. FxGrow Support

    FxGrow Support Master Trader

    2,009
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    54
    Daily Technical Analysis – 19th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD started its bearish trend yesterday and came below its support level of 1.1322 In the Asian trading session it touched 1.1300 levels today. The near term bias is bearish but overall scenario remains bullish with targets of 1.1450 to 1.1500

    RSI (14), MACD (12, 26), STOCH (9, 6), CCI (14) indicate a SELL; while Average True Range (14) indicates Less Volatility.

    Support is at 1.1288 while Resistance is at 1.1391 and 1.1449

    19th May 2015 – 04:36hrs GMT



    GBPUSD

    [​IMG]

    GBPUSD is in a bearish momentum with the pair trading at 1.5650 in the Asian trading session. The near term bias remains Neutral to bearish with some sideways movements possible in the European trading session. Overall scenario remains bullish with targets of 1.5700 to 1.5750

    RSI (14), MACD (12, 26), ROC indicate a SELL; STOCH (9, 6) and CCI (14) are Neutral; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5632 while Resistance is at 1.5700 and 1.5709

    19th May 2015 – 04:45hrs GMT

    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.
     
  17. FxGrow Support

    FxGrow Support Master Trader

    2,009
    4
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    Daily Technical Analysis – 19th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD remained bearish yesterday coming down below 0.8000 In the Asian trading session the pair touched a low of 0.7960 but then it rebounded to 0.7990 The near term bias remains Neutral to Bullish with sideways movements expected in the European trading session.

    RSI (14), CCI (14) are Neutral; STOCH(9,6), ADX(14) indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 0.7966 while Resistance is at 0.8026 and 0.8032

    19th May 2015 – 04:51hrs GMT



    USDJPY

    [​IMG]

    USDJPY is in a Bullish trend with the pair crossing 120.00 in the Asian trading session. The near term bias remains Neutral to Bullish within range of 120.00 to 120.50

    RSI (14), MACD (12, 26), ADX (14) indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

    Support is at 119.82 while Resistance is at 119.99

    19th May 2015 – 04:56hrs GMT

    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.
     
  18. FxGrow Support

    FxGrow Support Master Trader

    2,009
    4
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    Daily Technical Analysis – 20th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​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

    20th May 2015 – 05:11hrs GMT


    GBPUSD

    [​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

    20th May 2015 – 05:26hrs GMT

    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.
     
    Last edited: May 21, 2015
  19. FxGrow Support

    FxGrow Support Master Trader

    2,009
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    Daily Technical Analysis – 20th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD continues its bearish trend dropping below 0.7900 in the Asian trading session. The near term bias is Neutral to Bearish within range of 0.7880 to 0.7840 with some sideways movements expected in the European trading session.

    RSI (14), MACD (12, 26) indicate a SELL; ADX (14) and CCI (14) are Neutral; STOCHRSI (14) is overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 0.7896 while Resistance is at 0.7975 and 0.8032

    20th May 2015 – 05:32hrs GMT


    USDJPY

    [​IMG]

    USDJPY maintains its Bullish tone crossing 120.95 in the Asian trading session. Some correction in prices and sideways movements are possible in the European trading session. The near term bias remains Bullish with targets of 121.50 to 122.00

    RSI (14), MACD (12, 26), ADX (14), STOCH (9, 6) indicate a BUY; while Average True Range (14) indicates Less Volatility.

    Support is at 120.28 while Resistance is at 121.17

    20th May 2015 – 05:40hrs GMT

    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.
     
    Last edited: May 21, 2015
  20. FxGrow Support

    FxGrow Support Master Trader

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    Daily Technical Analysis – 21st May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD remained indecisive yesterday but closed lower at 1.1091 In the Asian trading session the pair is in a Bullish momentum and the near term bias remains bullish with targets of 1.1200 to 1.1250

    STOCH(9,6), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI(14) is Overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 1.1061 while Resistance is at 1.1130

    21st May 2015 – 05:07hrs GMT


    GBPUSD

    [​IMG]

    GBPUSD remained sideways yesterday and is trading above the 20 day moving average. The near term bias remains bullish with targets of 1.5590 to 1.5620

    RSI (14), MACD (12, 26), ROC, ADX (14) indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5497 while Resistance is at 1.5587

    21st May 2015 – 05:14hrs GMT

    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.
     

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