FxGrow Daily Technical Analysis – 29th April, 2016 By FxGrow Research & Analysis Team
The EURUSD rallied as US GDP worsen
The EURUSD surged higher and crosses the 1.1400 zone on slowing US growth to reach 1.1415. The Dollar index drops more as weak US GDP data eased the Fed rate hike decision and as the BOJ kept monetary stimulus unchanged. The EURUSD will gain momentum if it breaks 1.1435 and thus continue rallying toward 1.1460 and 1.1480 respectively.
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 – 02nd May, 2016 By FxGrow Research & Analysis Team
The EURUSD along new target zones on disappointing US data
The EURUSD breaks the 1.1400 zone and is pushing a leg higher toward 1.1500 zone after stronger than expected Euro GDP data. Although inflation comes below expectations on Friday, the EURUSD continue rallying and is eying new targets as it breaks 1.1495 to reach near-term resistance levels 1.1535 and 1.1565.
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 – 03rd May, 2016 By FxGrow Research & Analysis Team
The Aussie tumbled as the RBA cut rates
The AUDUSD changed a little bit after weak Caixin PMI data and touches 0.77 range, but the Reserve Bank of Australia (RBA) cut rates to 1.75% and commented that inflation data was low thus pushing the Australian dollar near 0.7555 lows. Breaking 0.7550 may show a lower leg toward 0.7525 and 0.7485 respectively.
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 – 03rd May, 2016 By FxGrow Research & Analysis Team
The EURUSD reached 8 months high on weaker dollar
The EURUSD maintained its highest levels since August 2015 against the Dollar to touch 1.1600 zone. The US Dollars continue its slump on weak Chinese data and as the RBA cut rates lately this morning. The RSI is bullish and breaking the resistance point 1.1615 might extend the bullish trend toward 1.1645 and 1.1685.
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 – 04th May, 2016 By FxGrow Research & Analysis Team
The EURUSD flat again as the dollar rose
The EURUSD decreased and the prices squeezed again in the 1.1400 and 1.1500 zone as the Dollar recovered after Fed policy makers claimed that there is a possibility of 2 rate hike this year. Breaking the major support 1.1460 will trigger a bearish leg to reach 1.1430, 1.1415 and 1.1395 respectively.
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 – 04th May, 2016 By FxGrow Research & Analysis Team
The USDJPY is under pressure ahead of US payroll data
The US Dollars showed some gains against several major currencies especially against the Yen after it touches 105.53 lows supported by talks from Fed policymakers yesterday. Looking ahead, a strong US payroll data due on Friday will give the US Dollars a bullish signal and breaking 107.60 will make an end to the bearish move and continue rallying toward 108.15 and 108.50.
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 – 05th May, 2016 By FxGrow Research & Analysis Team
The GBPUSD moves lower approaching initial support targets
The GBPUSD is showing a reversal pattern as it fails to surge higher and break the major resistance point 1.4590. The GBPUSD remains in focus awaiting UK PMI data as it favorably entering the support point 1.4470, and cutting this level will pave the way near next support points 1.4450 and 1.4420.
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 – 05th May, 2016 By FxGrow Research & Analysis Team
The EURUSD rose on positive ISM non-manufacturing survey
The EURUSD was flat but moved higher as the US ISM non-manufacturing Survey beats expectations. The EURUSD advanced and moved above the resistance level 1.1475 to touch 1.1494 highs ahead of US non-farm payroll. Breaking the minor resistance level 1.1500 will continue its upward direction near 1.1535 and 1.1565 respectively.
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 – 06th May, 2016 By FxGrow Research & Analysis Team
The EURUSD struggles ahead of US NFP data
The EURUSD dropped sharply ahead of US payroll data as it fails to hold above the major resistance level 1.1460. The EURUSD reverses after touching 1.1616 high on weak Asian markets and continue slumping on rising expectations that the Fed is going to raise rates sooner than later this year. Failing to hold above 1.1455 would indicate fake breakout, and breaking 1.1385 will create a bearish leg toward 1.1360 and 1.1320 respectively.
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 – 09th May, 2016 By FxGrow Research & Analysis Team
The EURUSD slumps although US jobs data weakens
The EURUSD hovered around 1.1400 again although payroll data showed US economy added the fewest jobs in seven months. The US Dollars fell on Friday but then extended its rally of the week after encouraging annual wage growth. The EURUSD is now in a bearish territory and breaking 1.1365 will continue its sluggish move toward next support levels 1.1335 and 1.1305.
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.
