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Forex Forum to Share, Discuss, Communicate and Trade Forex • Daily Technical Analysis by FxGrow
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Re: Daily Technical Analysis by FxGrow

PostPosted: Thu May 14, 2015 5:38 am
by FxGrow Support
Daily Technical Analysis – 14th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

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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

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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

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.

Re: Daily Technical Analysis by FxGrow

PostPosted: Fri May 15, 2015 6:05 am
by FxGrow Support
Daily Technical Analysis – 15th May, 2015
By FxGrow Research & Analysis Team

EURUSD

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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

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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

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.

Re: Daily Technical Analysis by FxGrow

PostPosted: Fri May 15, 2015 6:12 am
by FxGrow Support
Daily Technical Analysis – 15th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

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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

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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

[SIZE="1"]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.[/SIZE]

Re: Daily Technical Analysis by FxGrow

PostPosted: Mon May 18, 2015 5:45 am
by FxGrow Support
Daily Technical Analysis – 18th May, 2015
By FxGrow Research & Analysis Team

EURUSD

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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

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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.

Re: Daily Technical Analysis by FxGrow

PostPosted: Mon May 18, 2015 5:50 am
by FxGrow Support
Daily Technical Analysis – 18th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

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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

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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.

Re: Daily Technical Analysis by FxGrow

PostPosted: Tue May 19, 2015 6:11 am
by FxGrow Support
Daily Technical Analysis – 19th May, 2015
By FxGrow Research & Analysis Team

EURUSD

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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

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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.

Re: Daily Technical Analysis by FxGrow

PostPosted: Tue May 19, 2015 6:15 am
by FxGrow Support
Daily Technical Analysis – 19th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

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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

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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.

Re: Daily Technical Analysis by FxGrow

PostPosted: Wed May 20, 2015 6:23 am
by FxGrow Support
Daily Technical Analysis – 20th May, 2015
By FxGrow Research & Analysis Team

EURUSD

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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

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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.

Re: Daily Technical Analysis by FxGrow

PostPosted: Wed May 20, 2015 6:33 am
by FxGrow Support
Daily Technical Analysis – 20th May, 2015
By FxGrow Research & Analysis Team

AUDUSD

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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

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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.

Re: Daily Technical Analysis by FxGrow

PostPosted: Thu May 21, 2015 6:00 am
by FxGrow Support
Daily Technical Analysis – 21st May, 2015
By FxGrow Research & Analysis Team

EURUSD

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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

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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.