FxGrow Daily Technical Analysis – 23rd Feb, 2016 By FxGrow Research & Analysis Team
EURUSD - nearest supply target 1.0980, support at 1.1100 was broke below
In the last Wednesday there were an attempt of breaking below support 1.1100, it hasn't succeed and price moved around that region. At last support was broken yesterday and today EURUSD is continuing its declines.
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 Daily Technical Analysis – 23rd Feb, 2016 By FxGrow Research & Analysis Team
GBPCAD - new 8-months low
Last week's analysis was profitable for traders. I wrote: "current goal for bears is 1.9480 level" and "if price tests 1.9480 level, rebound will occur. After rebound resistances are at levels: 1.9730, 1.9890".
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 Daily Technical Analysis – 24th Feb, 2016 By FxGrow Research & Analysis Team
EURAUD - support at 1.5270 was defended so far
EURAUD is at the interesting level. Price already reached support at 1.5270 and that level was in game many times since December 2014. Yesterday rebound occurred, but right now it is indicating demand's weakness. If supply breaks this level next supports will be located at 1.5000, 1.4880. However if rebound is successful nearest resistance will be located at 1.5480.
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 Daily Technical Analysis – 24th Feb, 2016 By FxGrow Research & Analysis Team
GBPUSD - forecast of brexit plunges the bulls
This week is a bulls' nightmare. Since Monday we observe fall at GBP/USD, despite the recommendations of British Prime Minister David Cameron. He will be urging to stay in the E.U.
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 Daily Technical Analysis – 25th Feb, 2016 By FxGrow Research & Analysis Team
EURJPY - PIN BAR candle on the support
In accordance to the last week analysis declines were continued to indicated support. I wrote: "It is likely that declines will proceed. Next strong support at W1 TF could be found at 122.90".
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 Daily Technical Analysis – 25th Feb, 2016 By FxGrow Research & Analysis Team
EURUSD - support at 1.0980 stopped declines, it is likely that 1.1100 will be tested
Declines at EURUSD were stopped by support at 1.0980. At this level you can clearly see the support reaction. Now area 1.1100 should be tested and there we will see in which direction price wants to move in the nearest future. Return above 1.1100 will lead price to last high at 1.1380.
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 Daily Technical Analysis – 26th Feb, 2016 By FxGrow Research & Analysis Team
USDCAD - 1.3670 support broke, potential 300 pips decline
Yesterday USDCAD broke below support which has been stopping declines since the beginning of February. Nearest target for falls is located at 1.3420. If rebound occurs at indicated level nearest important resistance will be at 1.3670. Despite the current declines it's too early to talk about new down trend which I will show at weekly time-frame.
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 Daily Technical Analysis – 26th Feb, 2016 By FxGrow Research & Analysis Team
USDJPY - dollar appreciated after macroeconomic data
After Friday’s macroeconomic data (US GDP) publication dollar sharply appreciated versus other currencies. EURUSD dynamically reached support at 1.0980 and USDJPY tested resistance at 113.35.
Situation at USDJPY is very interesting because after double bottom pattern, current upward movement began. Nearest resistances are at levels: 113.35, 114.50, 116.10.
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 Daily Technical Analysis – 29th Feb, 2016 By FxGrow Research & Analysis Team
GBPNZD - demand reaction at very interesting level
Last week analysis was profitable. I wrote: "Today support was broken (it stopped declines for 2 months) and right now there is a clear path for bears to test 2.0800". In the area 2.0800 there is an equal A=B of current correction. This level is strengthened by important support.
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 Daily Technical Analysis – 29th Feb, 2016 By FxGrow Research & Analysis Team
AUDCAD - reached lower limit of bearish channel
Friday brought huge selloff at AUDCAD. Falls ranging almost 200 pips during just one session certainly isn't a common picture. Bears broke three important supports 0.9820, 0.9730, 0.9650. Today's rebound started by bulls finished with a long upper shadow on the chart.
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.
