Daily Technical Analysis by FxGrow

[FxGrow Support]

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

AUDUSD

AUDUSD is in a Bullish tone in the Asian trading session trading above the 20day moving average. The near term bias is Neutral to Bullish within range of 0.7950 to 0.7980 with some sideways movements expected in the European trading session.

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 0.7860 while Resistance is at 0.7921 and 0.7937

21st May 2015 – 05:20hrs GMT


USDJPY

USDJPY was higher yesterday crossing its 20 day moving average at 121.14 In the Asian trading session it has entered into a bearish correction. The near term bias remains Bearish with targets of 120.80 to 120.60

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

Support is at 120.82 while Resistance is at 121.47

21st May 2015 – 05:27hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 22nd May, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD is in continuation of its Bullish phase with the pair trading above its 20day moving average in the Asian trading session. The near term bias remains bullish with targets of 1.1200 to 1.1250

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

Support is at 1.1097 while Resistance is at 1.1180

22nd May 2015 – 04:38hrs GMT


GBPUSD

GBPUSD is in the consolidation phase with the pair trading above its 20day moving average in the Asian trading session. Sideways movements are expected in the European trading session. The near term bias remains bullish with targets of 1.5700 to 1.5750

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

Support is at 1.5551 while Resistance is at 1.5700

22st May 2015 – 04:47hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 22nd May, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD is in a Bullish tone in the Asian trading session trading above the 50day moving average. The near term bias is Neutral to Bullish within range of 0.7960 to 0.7990 with some correction expected in the European trading session.

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

Support is at 0.7876 while Resistance is at 0.7921 and 0.7949

22nd May 2015 – 04:52hrs GMT


USDJPY

USDJPY is trading lower in the Asian trading session below its 20day moving average. The near term bias remains Bearish with targets of 120.50 to 120.20

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

Support is at 120.70 while Resistance is at 121.25

22nd May 2015 – 05:02hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 25th May, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD came into a bearish trend on Friday coming down below its 20day moving average. The pair is currently trading at 1.0978 in the Asian trading session. The near term bias remains bearish with targets of 1.0950 to 1.900

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

Support is at 1.0964 while Resistance is at 1.1065

25th May 2015 – 05:26hrs GMT



GBPUSD

GBPUSD started its bearish trend on Friday coming below its 20day moving average. The pair is trading at 1.5475 in the Asian trading session. 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; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.5456 while Resistance is at 1.5521

25th May 2015 – 05:33hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 25th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD came down on Friday and is trading below its 20day moving average of 0.7828 The correction has subdued in the Asian trading session with the pair trading at 0.7817 The near term bias is Neutral to Bearish within range of 0.7830 to 0.7750

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

Support is at 0.7802 while Resistance is at 0.7851 and 0.7860

25th May 2015 – 05:44hrs GMT


USDJPY

USDJPY is in continuation of its Bullish trend with the pair trading above its 20day moving average in the Asian trading session. The near term bias remains Bullish with targets of 122.00

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

Support is at 120.82 while Resistance is at 121.77

25th May 2015 – 05:49hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 26th May, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD continues its bearish trend trading below its 20day moving average of 1.0966 The pair is currently trading at 1.0933 in the Asian trading session. The near term bias remains bearish with targets of 1.0900 to 1.0850

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

Support is at 1.0926 while Resistance is at 1.0959

26th May 2015 – 05:40hrs GMT

GBPUSD

GBPUSD remains in a bearish trend trading below its 20day moving average of 1.5464 The pair is trading at 1.5449 in the Asian trading session. The near term bias remains bearish with targets of 1.5400 to 1.5350

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

Support is at 1.5430 while Resistance is at 1.5497

26th May 2015 – 05:57hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 26th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD is in a consolidation phase trading below its 50day moving average of 0.7838 The pair is trading at 0.7828 in the Asian trading session. The near term bias is Neutral to Bearish within range of 0.7800 to 0.7750

RSI (14) is Neutral; STOCH (9, 6), STOCHRSI (14), CCI (14), ROC indicate a SELL; while Average True Range (14) indicates High Volatility.

Support is at 0.7802 while Resistance is at 0.7840

26th May 2015 – 06:04hrs GMT


USDJPY

USDJPY is in continuation of its Bullish trend with the pair trading above its 20day moving average of 121.63 in the Asian trading session. The near term bias remains Bullish with targets of 122.40

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

Support is at 121.47 while Resistance is at 121.98

26th May 2015 – 06:07hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 27th May, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD had a bearish trend yesterday touching a low of 1.0862; in the Asian trading session the pair has recovered and is trading at 1.0912 above its 20day moving average. The near term bias remains Neutral to Bullish with targets of 1.0950 to 1.0980

RSI (14), ADX (14), ROC, Ultimate Oscillator indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.0862 while Resistance is at 1.0926

27th May 2015 – 06:16hrs GMT


GBPUSD

GBPUSD had a bearish trend yesterday touching a low of 1.5353; in the Asian trading session the pair has recovered and is trading at 1.5425 above its 20day moving average. The near term bias remains Neutral to Bullish with targets of 1.5450 to 1.5470

RSI (14), ROC, Ultimate Oscillator indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.5352 while Resistance is at 1.5456 and 1.5479

27th May 2015 – 06:19hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 27th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD had a bearish trend yesterday touching a low of 0.7724; the pair has recovered in the Asian trading session trading at 0.7763 above its 20day moving average. The near term bias is Neutral to Bullish with targets of 0.7800

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

Support is at 0.7725 while Resistance is at 0.7801

27th May 2015 – 06:26hrs GMT


USDJPY

USDJPY had a bullish trend yesterday touching a high of 123.31; the pair is trading lower at 122.92 in the Asian trading session below its 20day moving average. The near term bias remains Neutral to Bearish with targets of 122.50

STOCH (9, 6), ADX (14) are Neutral; CCI (14), Ultimate Oscillator indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 121.77 while Resistance is at 123.31

27th May 2015 – 06:34hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 28th May, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD came down yesterday to touch a low of 1.0819 and since then it has recovered trading above its 20day moving average at 1.0922 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.0960 to 1.0980

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

Support is at 1.0818 while Resistance is at 1.0947

28th May 2015 – 05:54hrs GMT


GBPUSD

GBPUSD came down yesterday touching a low of 1.5300 and has pulled back above its 20day moving average to trade at 1.5365 in the Asian trading session. The near term bias remains Neutral to Bullish with sideways movements expected in the European trading session.

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

Support is at 1.5300 while Resistance is at 1.5392 and 1.5396

28th May 2015 – 06:02hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 28th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD continues its bearish trend trading below its 20day moving average of 0.7713; currently the pair is trading at 0.7704 in the Asian trading session. The near term bias remains bearish with targets of 0.7650

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

Support is at 0.7660 while Resistance is at 0.7748

28th May 2015 – 06:20hrs GMT


USDJPY

USDJPY continued its bullish trend yesterday touching a high of 124.21; the pair is trading lower at 123.74 in the Asian trading session just above its 20day moving average of 123.80; the near term bias remains Neutral but overall scenario remains Bullish.

RSI (14), STOCH (9, 6), ADX (14), CCI (14) are Neutral; MACD (12, 26) indicates a BUY; while Average True Range (14) indicates High Volatility.

Support is at 122.76 while Resistance is at 124.28

28th May 2015 – 06:26hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 29th May, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD is in a bullish trend and touched a high of 1.0973 yesterday, and is trading just at its 20day moving average of 1.0939 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.0980 to 1.1000

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

Support is at 1.0926 while Resistance is at 1.0973

29th May 2015 – 06:41hrs GMT

GBPUSD

GBPUSD continued in its bearish trend yesterday touching a low of 1.5264 and is trading just at its 20day moving average of 1.5312 in the Asian trading session. The near term bias remains Neutral to bearish with sideways movements expected in the European trading session.

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

Support is at 1.5259 while Resistance is at 1.5341 and 1.5352

29th May 2015 – 06:49hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 29th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD continued its bearish trend yesterday and touched a low of 0.7619; since then it has recovered and is trading just near its 20day moving average of 0.7651 in the Asian trading session. The near term bias remains Neutral to bearish with targets of 0.7600

RSI (14), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a SELL; ADX(14) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 0.7616 while Resistance is at 0.7738

29th May 2015 – 06:56hrs GMT


USDJPY

USDJPY had a bullish trend yesterday and touched a high of 124.45 but since then it has come down to trade just at its 20day moving average of 123.93 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 124.50

RSI (14), ADX (14) are Neutral; MACD (12, 26), CCI (14), ROC, Ultimate Oscillator, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 123.59 while Resistance is at 124.45

29th May 2015 – 07:01hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 01st June, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD closed the weekend higher at 1.0989 but has now entered the bearish trend trading below its 20day moving average of 1.0969 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 1.0900 to 1.0880

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

Support is at 1.0928 while Resistance is at 1.1005

01st June 2015 – 06:50hrs GMT


GBPUSD

GBPUSD continued in its bearish trend last week touching a low of 1.5235 and is trading below its 20day moving average of 1.5283 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 1.5200

RSI (14), CCI (14), ADX (14) are Neutral; STOCHRSI (14), MACD (12, 26), MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 1.5235 while Resistance is at 1.5332

01st June 2015 – 06:56hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 01st June, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD remained bearish last week touching a low of 0.7619; since then it has recovered and is trading above its 20day moving average of 0.7651 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 0.7700

MACD (12, 26) is Neutral; RSI (14), STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, MA50, ADX (14) indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 0.7624 while Resistance is at 0.7673

01st June 2015 – 07:02hrs GMT


USDJPY

USDJPY had a Bullish tone last week touching a high of 124.45; but since then it has come down and is trading above its 20day moving average of 124.10 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 124.50 to 124.75

STOCHRSI (14), CCI (14) are Neutral; RSI (14), MACD (12, 26), ROC, Ultimate Oscillator, MA100, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 123.59 while Resistance is at 124.33

01st June 2015 – 07:21hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 02nd June, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD touched a low of 1.0886 yesterday but has recovered since then and has now entered the bullish trend trading above its 20day moving average of 1.0929 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.0970 to 1.1000

RSI (14) is Neutral; ADX (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.0912 while Resistance is at 1.0956

02nd June 2015 – 06:51hrs GMT


GBPUSD

GBPUSD had a bearish trend yesterday and touched a low of 1.5169 but has recovered since then and has now entered the bullish trend trading above its 20day moving average of 1.5208 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5240 to 1.5260

RSI (14), STOCH (9, 6) are Neutral; ADX (14), Ultimate Oscillator, ROC, MA20 indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.5169 while Resistance is at 1.5269

02nd June 2015 – 06:56hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 02nd June, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD had a bearish trend yesterday touching a low of 0.7598 but has recovered since then and has now entered the bullish trend trading above its 20day moving average of 0.7630 in the Asian trading session. The near term bias remains Bullish with targets of 0.7750

STOCH (9, 6) is Neutral; STOCHRSI (14), RSI (14), CCI (14) are Overbought; MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 0.7625 while Resistance is at 0.7712

02nd June 2015 – 07:07hrs GMT


USDJPY

USDJPY had a Bullish tone yesterday touching a high of 124.90 but since then it has come down and is trading below its 20day moving average of 124.67 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 124.30 to 124.10

RSI (14) is Neutral; STOCH (9, 6), CCI (14), ADX (14), ROC, Ultimate Oscillator indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 123.59 while Resistance is at 124.33

02nd June 2015 – 07:12hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 03rd June, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD had a strong bullish trend and is trading above its 20day moving average of 1.1146 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.1250 to 1.1300

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 1.1097 while Resistance is at 1.201

03rd June 2015 – 06:54hrs GMT


GBPUSD

GBPUSD had a bullish trend yesterday and is currently trading above its 20day moving average of 1.5335 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5400

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, CCI (14), MA100 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.5269 while Resistance is at 1.5385

03rd June 2015 – 06:59hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 03rd June, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD had a strong bullish trend and is trading above its 20day moving average of 1.1146 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.1250 to 1.1300

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 1.1097 while Resistance is at 1.201

03rd June 2015 – 06:54hrs GMT


GBPUSD

GBPUSD had a bullish trend yesterday and is currently trading above its 20day moving average of 1.5335 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5400

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, CCI (14), MA100 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.5269 while Resistance is at 1.5385

03rd June 2015 – 06:59hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 03rd June, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD had a bullish trend yesterday and is now trading above its 20day moving average of 0.7768 in the Asian trading session. The near term bias remains Bullish with targets of 0.7800 with some correction expected in the European trading session.

STOCH (9, 6), RSI (14), CCI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7739 while Resistance is at 0.7818

03rd June 2015 – 07:03hrs GMT


USDJPY

USDJPY had a bearish trend yesterday touching a low of 123.79 and is now trading below its 20day moving average of 124.07 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 123.50

RSI (14), STOCH (9, 6), MACD (12, 26), MA100 indicate a SELL; CCI (14), Ultimate Oscillator are Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 123.75 while Resistance is at 125.04

03rd June 2015 – 07:09hrs 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.