Daily Technical Analysis by FxGrow

[FxGrow Support]

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

EURUSD

EURUSD was indecisive last week and opened the week lower this morning. Now the pair is trading below its 20day moving average of 1.0997 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.1050

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

Support is at 1.0947 while Resistance is at 1.1034

03rd Aug 2015 – 07:29hrs GMT


GBPUSD

GBPUSD was bullish last week and opened the week at same levels. Now the pair is trading above its 20day moving average of 1.5628 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.5700

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

Support is at 1.5551 while Resistance is at 1.5675

03rd Aug 2015 – 07:45hrs 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.

 

[FxGrow Support]

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

AUDUSD

AUDUSD was bearish last week and opened the week at same levels. Now the pair is trading below its 20day moving average of 0.7309 in the European trading session. The near term bias remains Neutral to Bearish with targets of 0.7200

RSI (14) is Neutral; STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7256 while Resistance is at 0.7328

03rd Aug 2015 – 07:50hrs GMT


USDJPY

USDJPY was bullish last week and opened the week higher. Now the pair is trading above its 20day moving average of 123.95 in the European trading session. The near term bias remains Neutral to Bullish with targets of 124.70

RSI (14) is Neutral; STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 123.63 while Resistance is at 124.37

03rd Aug 2015 – 07:55hrs 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 – 04th Aug, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD did not made any major moves yesterday and remained Neutral. Now the pair is trading just above its 20day moving average of 1.0953 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.1010

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

Support is at 1.0940 while Resistance is at 1.0976

04th Aug 2015 – 07:20hrs GMT


GBPUSD

GBPUSD did not make any significant moves yesterday and remained Neutral. Now the pair is trading just above its 20day moving average of 1.5594 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.5650

RSI (14), ADX (14) are Neutral; STOCH (9, 6), CCI (14), Ultimate Oscillator, ROC, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.5570 while Resistance is at 1.5636

04th Aug 2015 – 07:26hrs 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 – 04th Aug, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD did not make any significant moves yesterday and remained Neutral. Now the pair is trading above its 20day moving average of 0.7295 in the European trading session. The near term bias remains Neutral to Bullish with targets of 0.7450

STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC, MA100, MA200 indicate a BUY; RSI (14), STOCHRSI (14), Ultimate Oscillator is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 0.7350 while Resistance is at 0.7401

04th Aug 2015 – 07:37hrs GMT


USDJPY

USDJPY was indecisive yesterday and did not make any major moves. Now the pair is trading below its 20day moving average of 124.00 in the European trading session. The near term bias remains Neutral to Bearish with targets of 123.50

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

Support is at 123.85 while Resistance is at 124.18

04th Aug 2015 – 07:42hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 05th Aug, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was mildly bullish yesterday and remained firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7380 in the European trading session. The near term bias remains Bearish with targets of 0.7310

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

Support is at 0.7327 while Resistance is at 0.7428

05th Aug 2015 – 07:49hrs GMT


USDJPY

USDJPY was mildly bullish yesterday and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 124.26 in the European trading session. The near term bias remains Bullish with targets of 124.80

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC, MA100, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 124.22 while Resistance is at 124.47

05th Aug 2015 – 07:54hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 05th Aug, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bearish yesterday and remained weak towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.0899 in the European trading session. The near term bias remains Bearish with targets of 1.0800

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.0848 while Resistance is at 1.0915

05th Aug 2015 – 07:38hrs GMT

GBPUSD

GBPUSD remained indecisive yesterday towards the end of the trading session. Now the pair is trading just below its 20day moving average of 1.5572 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5520

RSI (14), ADX (14) are Neutral; STOCH (9, 6), MACD (12, 26), ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.5510 while Resistance is at 1.5600

05th Aug 2015 – 07:44hrs 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 – 06th Aug, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.0900 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.0800

RSI (14), MACD (12, 26) are Neutral; STOCH (9, 6), CCI (14), Ultimate Oscillator, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.0879 while Resistance is at 1.0939

06th Aug 2015 – 08:31hrs GMT


GBPUSD

GBPUSD remained indecisive yesterday as it touched a low of 1.5525 and a high of 1.5646 towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.5610 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5550

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

Support is at 1.5526 while Resistance is at 1.5627

06th Aug 2015 – 08:39hrs 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 – 06th Aug, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD did not make any significant moves and remained indecisive towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7343 in the European trading session. The near term bias remains Bearish with targets of 0.7270

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

Support is at 0.7310 while Resistance is at 0.7340

06th Aug 2015 – 08:57hrs GMT


USDJPY

USDJPY was bullish yesterday as it touched a high of 124.99 and remained firm towards the end of the trading session. Now the pair is trading just above its 20day moving average of 124.82 in the European trading session. The near term bias remains Bullish with targets of 125.50

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

Support is at 124.43 while Resistance is at 125.01

06th Aug 2015 – 09:03hrs 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 – 07th Aug, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a low of 1.0877 and a high of 1.0933 towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.0918 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.0850

RSI (14) is Neutral; STOCH (9, 6), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.0893 while Resistance is at 1.0932

07th Aug 2015 – 06:07hrs GMT


GBPUSD'

GBPUSD was bearish yesterday as it touched a low of 1.5465 and remained weak towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.5514 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5450

STOCH (9, 6), CCI (14) are Neutral; RSI (14), MACD (12, 26), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.5466 while Resistance is at 1.5551

07th Aug 2015 – 06:14hrs 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.

 

[FxGrow Support]

Daily Technical Analysis – 07th Aug, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a low of 0.7313 and then recovered its losses towards the end of the trading session. Now the pair is trading just near its 20day moving average of 0.7359 in the European trading session. The near term bias remains Bullish with targets of 0.7400

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

Support is at 0.7327 while Resistance is at 0.7378

07th Aug 2015 – 06:19hrs GMT


USDJPY

USDJPY was indecisive yesterday as it touched low of 124.52 and then recovered towards the end of the trading session. Now the pair is trading just above its 20day moving average of 124.75 in the European trading session. The near term bias remains Bullish with targets of 125.50

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 124.54 while Resistance is at 124.85

07th Aug 2015 – 06:53hrs 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 – 10th Aug, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive last week and opened the week lower at 1.0949 today. Now the pair is trading above its 20day moving average of 1.0931 in the European trading session. The near term bias remains Bullish with targets of 1.1010

RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCH (9, 6), STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 1.0940 while Resistance is at 1.0982

10th Aug 2015 – 06:44hrs GMT


GBPUSD

GBPUSD was bearish last week as it touched a low of 1.5423 and opened this week higher at 1.5487 in the Asian trading session. Now the pair is trading below its 20day moving average of 1.5495 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5410

RSI (14), STOCH (9, 6), CCI (14) are Neutral; MACD (12, 26), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 1.5470 while Resistance is at 1.5509

10th Aug 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 – 10th Aug, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish last week and opened the week firm in the early Asian trading session. Now the pair is trading just above its 20day moving average of 0.7383 in the European trading session. The near term bias remains Bullish with targets of 0.7440

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

Support is at 0.7394 while Resistance is at 0.7421

10th Aug 2015 – 07:01hrs GMT



USDJPY

USDJPY was indecisive last week and opened the week higher in the early Asian trading session today. Now the pair is trading below its 20day moving average of 124.60 in the European trading session. The near term bias remains Bearish with targets of 124.00

RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates High Volatility.

Support is at 124.09 while Resistance is at 124.34

10th Aug 2015 – 07:05hrs 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 – 11th Aug, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it touched a high of 1.1040 yesterday and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.1003 in the European trading session. The near term bias remains Bullish with targets of 1.1080

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

Support is at 1.0913 while Resistance is at 1.1065

11th Aug 2015 – 08:26hrs GMT


GBPUSD

GBPUSD was bullish yesterday as it touched a high of 1.5603 and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5577 in the European trading session. The near term bias remains Bullish with targets of 1.5650

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

Support is at 1.5514 while Resistance is at 1.5626

11th Aug 2015 – 08:30hrs 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 – 11th Aug, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it touched a high of 0.7437 and remained firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7376 in the European trading session. The near term bias remains Bearish with targets of 0.7280

RSI (14), STOCHRSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCH (9, 6) is Oversold; while Average True Range (14) indicates High Volatility.

Support is at 0.7327 while Resistance is at 0.7428

11th Aug 2015 – 08:54hrs GMT


USDJPY

USDJPY was bullish yesterday as it touched a high of 124.77 and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 124.67 in the European trading session. The near term bias remains Bullish with targets of 125.50

RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates High Volatility.

Support is at 124.43 while Resistance is at 125.06

11th Aug 2015 – 08:58hrs 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 – 12th Aug, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it touched a high of 1.1087 yesterday and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.1055 in the European trading session. The near term bias remains Bullish with targets of 1.1170

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, MA100, MA200 indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.1045 while Resistance is at 1.1111

12th Aug 2015 – 08:14hrs GMT


GBPUSD

GBPUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5573 in the European trading session. The near term bias remains Bullish with targets of 1.5650

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

Support is at 1.5530 while Resistance is at 1.5644

12th Aug 2015 – 08:18hrs 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 – 12th Aug, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bearish yesterday and remained weak towards the end of the trading session. Now the pair is trading above its 20day moving average of 0.7288 in the European trading session. The near term bias remains Neutral to Bullish with targets of 0.7360

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

Support is at 0.7234 while Resistance is at 0.7324

12th Aug 2015 – 08:23hrs GMT


USDJPY

USDJPY was bullish yesterday and remained firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 125.01 in the European trading session. The near term bias remains Bearish with targets of 124.00

RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates High Volatility.

Support is at 123.75 while Resistance is at 124.78

12th Aug 2015 – 08:27hrs 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 – 13th Aug, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it touched a high of 1.1212 yesterday but came down towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.1156 in the European trading session. The near term bias remains Bearish with targets of 1.1080

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

Support is at 1.1078 while Resistance is at 1.1148

13th Aug 2015 – 07:33hrs GMT


GBPUSD

GBPUSD was indecisive yesterday but remained on the higher side towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5621 in the European trading session. The near term bias remains Bullish with targets of 1.5670

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

Support is at 1.5551 while Resistance is at 1.5660

13th Aug 2015 – 07:36hrs 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 – 13th Aug, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday and touched a high of 0.7385 remaining firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7375 in the European trading session. The near term bias remains Neutral to Bearish with targets of 0.7300

RSI (14), STOCH (9, 6) are Neutral; ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7322 while Resistance is at 0.7380

13th Aug 2015 – 07:40hrs GMT


USDJPY

USDJPY was bearish yesterday s it touched a low of 123.79 and then recovered mildly towards the end of the trading session. Now the pair is trading above its 20day moving average of 124.23 in the European trading session. The near term bias remains Bullish with targets of 125.00

RSI (14), STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 124.27 while Resistance is at 124.70

13th Aug 2015 – 07:44hrs 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 – 14th Aug, 2015
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading just above its 20day moving average of 1.1142 in the European trading session. The near term bias remains Neutral.

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

Support is at 1.1113 while Resistance is at 1.1165

14th Aug 2015 – 06:47hrs GMT


GBPUSD

GBPUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5621 in the European trading session. The near term bias remains Bullish with targets of 1.5670

RSI (14) is Neutral; STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.5590 while Resistance is at 1.5627

14th Aug 2015 – 06:52hrs 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 – 14th Aug, 2015
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bearish yesterday and touched a low of 0.7321 and then recovered towards the end of the trading session. Now the pair is trading above its 20day moving average of 0.7362 in the European trading session. The near term bias remains Bullish with targets of 0.7450

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

Support is at 0.7327 while Resistance is at 0.7394

14th Aug 2015 – 06:57hrs GMT


USDJPY

USDJPY was indecisive yesterday towards the end of the trading session. Now the pair is trading below its 20day moving average of 124.41 in the European trading session. The near term bias remains Bearish with targets of 124.00

RSI (14), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 124.22 while Resistance is at 124.47

14th Aug 2015 – 07:00hrs 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.