TopGoldForum.com

Register now to gain access to all of our features. Once registered and logged in, you will be able to contribute to this site by submitting your own content or replying to existing content. You'll be able to customize your profile, receive reputation points as a reward for submitting content, while also communicating with other members via your own private inbox, plus much more!

This message will be removed once you have signed in.

Interested in more traffic and leads? Check our advertising offer

FxGrow Support

Members
  • Content count

    814
  • Points

    264 
  • Joined

  • Last visited

  • Feedback

    0%

Community Reputation

0 Neutral

About FxGrow Support

  • Rank
    Top Money Maker

Contact Methods

  • Website URL
    http://fxgrow.com/

Profile Information

  • Location
    Cyprus
  • Interests
    FxGrow Official Representative

Previous Fields

  • Proud citizen of:
    Cyprus

Recent Profile Visitors

3,718 profile views
  1. FxGrow Daily Technical Analysis – 26th May, 2017 By FxGrow Research & Analysis Team U.S Index Makes A reverse Turn Giving Rivals to Surge After peeking to 97.31 today, the greenback went back to comatose mood as the Index plunged 96.94 low, and hourly chart behavior suggests further dips. Yesterday U.S Data recorded a neutral stance, not convincing market expectations which left the Index within weekly range, down below 97 level. FOMC member Williams crossed wires today stressing that increasing rate is a must to coop with the market running hot which should have pushed the Index higher, but Trump still succeed to tank U.S Dollar with recent and yesterday's attack on NATO and candidate Lieberman withdraw-ed his name being FBI deputy yesterday. As a result, rivals currencies and gold taking advantage of weaker U.S Dollar. Greenback has one last chance this week to redeem itself as U.S Releases major data below: 1- USD- Core Durable Goods Orders m/m + Prelim GDP q/q + Durable Goods Orders m/m. Technical Overview for GBP/USD , EUR/USD , USD/JPY , Gold For more in depth Research & Analysis please visit FxGrow. 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.
  2. FxGrow Daily Technical Analysis – 25th May, 2017 By FxGrow Research & Analysis Team Gold Still Fears The 1260+ level With Retreats, Eyes On U.S Data Gold still shows weakness to withhold the 1260 level with consistent failure as market and traders are psychologically programmed to abandon the 1260+ position. Technically, through out 2017, gold retreated more than 10 times every time the yellow metal reaches 1265. Previous sessions where gold surpassed 1265 was due to fundamental factors such as negative U.S data or safe haven buying. Today, gold clocked 1259.68 then retreated to to 1255.68 low as reminder of recent behavior, still above 50-EMA (D1) at 1245 which still supports the bullish momentum. There is a chance today that gold can overcome the 1265 phobia fundamentally as ... For more in depth Research & Analysis please visit FxGrow. 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.
  3. FxGrow Daily Technical Analysis – 25th May, 2017 By FxGrow Research & Analysis Team GBP/USD to Re-Test 1.300 level Ahead of Local GDP GBP/USD has entered the fourth consolidative trading session and been confined within 116-pips price action. The pair dipped yesterday to 1.2927 low as U.S Index showed some strength with 97.36 high, but then faded away as FOMC meeting maintained a neutral stance, not giving clear messages on how things are heading despite the highly odds for June hike which was already expired as a fact, hence the pair managed to shift bearish candles top bullish and clocked a 1.2999. Today will the second chapter for the pair as UK releases Second Estimate GDP, shortly followed by U.S data Sterling hanging above 1.2900 will tested. Options are opened with 1.300+ or 1.2900- are on ... For more in depth Research & Analysis please visit FxGrow. 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.
  4. FxGrow Daily Technical Analysis – 25th May, 2017 By FxGrow Research & Analysis Team Fx Majors Technical Levels Ahead of FOMC Meeting Results U.S Fed will meet this after noon 6:00 PM GMT and market should pay close attention to words and details. Based on that, you can know how market will head and trade. The easiest way if to see how U.S Dollar will perform and Index levels. If U.S Index is declining, it's a signal that rival currencies are taking advantage and surging facing weaker U.S Dollar. June hike will be center stage. Any suggestion or adding odds to already 78% chances will fuel U.S Index. A stress by FOMC that they still see three possible hikes will also peek the greenback. In March 2017, U.S Fed increased 0.25% to initial 0.75%, resulted in 1% as U.S Central Banks Interest. So market ... For more in depth Research & Analysis please visit FxGrow. 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.
  5. FxGrow Daily Technical Analysis – 24th May, 2017 By FxGrow Research & Analysis Team Crude Oil: Potential For 2017's Highs As Eyes Are Set On the Bigger Prize Crude oil surged +1.44 bp since Monday and clocked 51.86 high today boosted by potential positive outcomes as OPEC and Non-OPEC nations meet tomorrow yet again in Vienna on 25th of May. OPEC has promised to cut supplies by 1.8 million barrels per day (bpd) until the end of June and is expected on Thursday to decide to prolong that cut to March 2018. The meeting tomorrow could hold additional outcomes, other than extending the original deal, such as more compliance between OPEC and Non-OPEC counties and increasing cut-outputs with efforts to curb global supply demand and glut. If OPEC managed to nail such attributes, this could be added as additional .... For more in depth Research & Analysis please visit FxGrow. 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.
  6. FxGrow Daily Technical Analysis – 23rd May, 2017 By FxGrow Research & Analysis Team Gold: Closing Above 1263 will Fuel Additional Bullish Waves The hardest obstacle facing gold bullish with extension is today's high resistance located at 1263.80 and 1265. A resistance door which gold has knocked several times in the past two months with failure to penetrate and technically retreating, but fundamentals were always there for the help including safe haven and negative U.S Data interventions. But technical intakes with gold closing above daily 100 and 200 SMA at 1238 indicates that gold current trend is bullish supported by strong rising trend line, the yellow metal should overcome the 1265 with no hard time. Closing Above 1265, traders should prepare for themselves seeing gold on a jet ride with further inclines seeing 1280+ as a destination. For more in depth Research & Analysis please visit FxGrow. 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.
  7. New Economic Calendar FxGrow is excited to inform you that we have updated our economic calendar with a new interactive version. This version is more interactive and more detailed. Please check below how to read and anticipate data before and after the release from left to right. You have the choice either to choose recent and next economic news, today's full economic news, tomorrow's economic news, weekly economic news, and also next week if you are looking for expanding your research. Also, if you click on filters, you can choose countries that you wish to see their economic release depending on your trading instruments.
  8. FxGrow Daily Technical Analysis – 23rd May, 2017 By FxGrow Research & Analysis Team Sterling Dips Slightly Over UK's Attack Ahead of Inflation Report Yesterday. GBP/USD bullish momentum with a high 1.3034 supported by soft U.S Dollar tone was tanked by terrorist attack on the UK, tripping and erasing the daily +78-pips market action. The pair failed to withhold the 1300 level and anchored at 1.2965 low. Currently the pair is trading 1.2977, only +12-pips above yesterday's lows which indicates that yesterday's ugly events still has negative tails to Sterling current bearish pattern. On the other hand, U.S Dollar is showing some vital signs as the Index traders 96.90 after dipping to 96.74 low, but unless the Index penetrates 97.35 (Yesterday's high), greenback remains under pressure, giving room for Sterling take a breath and slow the bearish trend. Away from politics, BOE Governor and several MPC members will testify testify today regarding inflation and the ... For more in depth Research & Analysis please visit FxGrow. 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.
  9. FxGrow Daily Technical Analysis – 23rd May, 2017 By FxGrow Research & Analysis Team EURO Toughens On Weak U.S Dollar Ahead of Local Data EUR/USD sustained the bullish momentum for 30 consecutive days, trading with +100-pips above its daily 7-EMA, and clocked a 1.1263 high yesterday, a peek the pair has not witnessed since Oct-2016. On the other hand, weakness in U.S Dollar as the Index plunged today to 96.68 low indicates the sharp tone of EURO facing its west rival greenback and EUR/USD still has potential to revenge with higher gains ahead of EU local data today. Previous EU Data including PMI, CPI, and Retails sales were increasing session over session, but the main focus today will be on German Data, along with the increasing inflation, and ... For more in depth Research & Analysis please visit FxGrow. 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.
  10. FxGrow Daily Technical Analysis – 19th May, 2017 By FxGrow Research & Analysis Team USD/CAD Shows Stingy Price Action Over Crisp U.S Dollar Unlike major currencies seen taking advantage of weak greenback, the loonie traded with shy 45-pips price action today, currently at 1.3570 after retreating from 1.3610 high today. Although Crude Oil is currently bullish, but remaining below $50 bp slowed USD/CAD bearish forces as Canada as major oil producers. In addition to that, the Trump administration on Thursday set the clock ticking toward a mid-August start of renegotiation's of the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers which gave some solid ground for greenback as uncertainties .... For more in depth Research & Analysis please visit FxGrow. 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.
  11. FxGrow Daily Technical Analysis – 19th May, 2017 By FxGrow Research & Analysis Team Gold Remains Bullish Despite Yesterday's Losses Gold was nursed yesterday with a dropping pressure at 1246 low, but still remains above 200-EMA (D1) by 80-pips, which sends a message that XAU/USD remains bullish despite severe losses yesterday -$19 after positive unemployment claims beating expectations. U.S Dollar performance remained weak yesterday but managed to peek at 97.96 with +$0.6, but expectation were build for more point basis considering that U.S Index anchored yesterday at 79.26 2017-low which indicates U.S current political drama still tackling greenback rallies. Technically, gold is currently trading 1245 after clocking 1252 high showing recovery symptoms. Still above 200-EMA and and .... For more in depth Research & Analysis please visit FxGrow. 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.
  12. FxGrow Daily Technical Analysis – 18th May, 2017 By FxGrow Research & Analysis Team Gold Bullish Trend Has One Final Test, US Data Gold retreated to 1253.80 today as a lowest record, but managed to recoup losses with high pace at 1265 high, currently trading 1261.92 intraday. Gold is rising a strong bullish since yesterday with +342-pips as price action supported by weaker U.S Dollar performance as the Index bottomed at 97.26 2017-fresh-low. Gold bullish momentum will be re-tested today as U.S releases unemployment claims, and in case gold closes below 1246, alerts will be signaled as XAUUSD failed to hold the rising trend, and ..... For more in depth Research & Analysis please visit FxGrow. 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.
  13. FxGrow Daily Technical Analysis – 18th May, 2017 By FxGrow Research & Analysis Team EUR/USD Bullish Fever To Be Re-Tested Ahead of U.S Data EUR/USD was on superb performance this week as the pair managed to rally +251-pips with new record for 2017 at 1.1172 high today. EU economic data was neutral bias yesterday as both CPI and Core CPI recorded zero change with both at 1.2% and 1.9% which leaves markets intrigued by the sudden intensive rising for pair. Currently EUR/USD trading 1.1135 as U.S Index shows some recovering symptoms but still remains week. As U.S political tension continues to re-surface and tightening pace pulling greenback lower as U.S Index plunged today at 97.26 low, the pair found comfort with continuous depressing U.S Dollar levels. EUR/USD bullish momentum has to submit for final two ...... For more in depth Research & Analysis please visit FxGrow. 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.
  14. FxGrow Daily Technical Analysis – 17th May, 2017 By FxGrow Research & Analysis Team Crude Oil Recoups Over OPEC's Positive Signs, Awaiting U.S Inventories Fundamentals: Crude Oil managed to reimburse $4.12 since last Monday where crude plunged to $45.52 bp, and today, oil clocked $49 high bp with failure to close above 200-EMA (D1) for three consecutive daily sessions, leaving daily trend to sideways with more tendency to bullish taking into consideration that oil has a support by a rising (H4) trend line. Oil prices were highly fluctuated during May 2017 between U.S and OPEC with apposed interests keeping lower price (U.S) and higher price (OPEC). U.S managed to plunge oil price over several consecutive API reports indicating a significant increase in U.S crude inventories, and this week some positive and promising signs were signaled by OPEC and particularly by Non-OPEC counties, as sharp response to the U.S. Iraqi Prime Minister Haider al-Abadi said in a news conference broadcast on state TV late-Tuesday, Iraq is committed to reducing oil production to decrease a glut in the global market, and will support extending oil output cuts in line with any OPEC decision, Reuters reports. Russian compliance rate was estimated by 77%. Meanwhile, the OPEC’s compliance rate is 96%. Russia and Saudi Arabia agreed earlier this week to prolong the output cut deal till March 2018 and along with, A proposal to extend an OPEC and non-OPEC supply cut for nine months is a positive idea, sources familiar with Iranian thinking said, suggesting OPEC's third-largest producer is likely to go along with such a plan if there is a consensus. Kuwait, a Gulf producer usually aligned with the Saudi OPEC view, said on Tuesday it supported the proposal. The Iranian position is less predictable, however, as it was the only OPEC member allowed to increase its output under the supply cut deal and holds presidential elections on Friday. (Reuters) Today, U.S is due to release weekly crude inventories at 2:30 PM GMT which will settle oil levels technically, but fundamentally, OPEC efforts seems to be more fruitful with more bullish tendency as an impact. Currently U.S-Oil is trading 48.85 intraday. Technical Overview: Trend: Sideways Resistance levels: R1 49.58, R2 50.43, R3 51.61 Support levels: S1 48.00, S2 47.00, S3 45.67 Comment: Closing above 49.00 confirms the bullish momentum. A penetration for R1 stretches additional bullish waves seeing R2&R3 destination. Closing above 49.00 is positive. Closing below S1 hold bearish setbacks and retracements as a reminder of 9th may lows. OPEC cut-deal should be a stand by motion as a spot news with major impact. Also, U.S Inventories will give a better perspective on how crude oil trend will behave. MACD indicates bearish momentum but a penetration for R1 level will shift bullish. RSI indicates Bullish momentum. For more in depth Research & Analysis please visit FxGrow. 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.
  15. FxGrow Daily Technical Analysis – 17th May, 2017 By FxGrow Research & Analysis Team USD/JPY Plunges As U.S Index Clocks 2017-Fresh-lows USD/JPY inaugurated Asian Trading Sessions with 78-pips price action and plunged to 112.34 low. As U.S Dollar extends current bearish momentum with 2017 fresh low at 97.78 low over U.S negative politics, Japanese Yen took advantage of current pale greenback as pulled USD/JPY lower and if U.S issues continue on such pace, expectations that the pair will dip lower, first as a reaction to U.S Dollar losses, second as the Yen tends to be a haven substitute when bad politics surrounds the rival greenback. Currently USD/JPY is trading 112.30 below 100-EMA-D1 at 112.56. Japanese Revised Industrial Production showed a minor recovery earlier with -1.9% compared to -2.1% on previous session which added some "positive" push for USD/JPY to pull lower. Fundamentals: There are no data to be released by Japanese and U.S today, only politics in the U.S will play the bigger role. But tomorrow U.S Unemployment Claims at 12:30 PM GMT will affect U.S Dollar performance. Technical Overview: Trend: Bearish / Sideways Resistance levels: R1 112.47, R2 112.73, R3 113.06 Support levels: S1 112.17, S2 111.78, S3 111.41 Comment: USD/JPY dropped below 100-EMA daily which suggest that market has turned bearish. A penetration cor S1 level will increase further selloffs seeing S2 as target. Closing above R1 brings back retracements seeing R2&R3 as target. Keep an eye on U.S Index levels + U.S Politics + U.S Data tomorrow is vital. MACD indicates bearish momentum. RSI indicates bearish momentum. For more in depth Research & Analysis please visit FxGrow. 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.

Put your business in front of our community. Check our advertising offer