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FxGrow Daily Technical Analysis – 19th July, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSD_zpsyfwplql0.png

EURUSD was indecisive yesterday as it touched a low of 1.1024 and a high of 1.1081 towards the end of the trading session. The pair is trading below its 100 day SMA of 1.1088 and the overall outlook remains bearish.Β The near term bias is Neutral to Bearish with targets of 1.1000 to 1.0950

MACD (12, 26), ADX (14), Ultimate Oscillator, ROCΒ indicate a SELL; RSI (14), STOCHRSI (14) are Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.1042 while Resistance is at 1.1084 and 1.1099

19th July 2016 – 09:35AM ( UTC)

GBPUSD
GBPUSD_zpsv67urfqo.png

GBPUSD was indecisive yesterday as it touched a low of 1.3192 and a high of 1.3307 towards the end of the trading session. Cable was unable to break above the 1.3400 levels and came down below its 100day SMA of 1.3259 in the European trading session.Β The near term bias is Bearish with targets of 1.3100

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

Support is at 1.3171 while Resistance is at 1.3264 and 1.3314

19th July 2016 – 10:00AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 19th July, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSD_zpsh2wtrv18.png

AUDUSD was bullish yesterday as it crossed the 0.7600 handle and remained firm towards the end of the trading session. The AUDUSD started to decline in the early Asian trading session today and is now trading below its 100 day SMA of 0.7602 in the European trading session.Β The near term bias is Neutral to Bearish with targets of 0.7450

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

Support is at 0.7472 while Resistance is at 0.7511 and 0.7545

19th July 2016 – 10:10AM (UTC)

USDJPY
USDJPY_zpsrzwpupzi.png

USDJPY was bullish yesterday as it crossed the 106 handle and remained strong towards the end of the trading session. The USDJPY maintains its bullish momentum and is looking to cross 107.50 over the week. It is trading above its 100day SMA of 105.42 in the European trading session.Β The near term bias is Neutral to Bullish with targets of 107

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

Support is at 105.54 while Resistance is at 106.32 and 106.47

19th July 2016 – 10:17AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 20th July, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSD_zpsypyka3ii.png

EURUSD was bearish yesterday as it came down below the 1.1050 handle and remained weak towards the end of the trading session. The pair is trading below its 100 day SMA of 1.1070 and some pullback correction is expected but the overall outlook remains bearish.Β The near term bias is Neutral to Bullish with targets of 1.1060

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

Support is at 1.0981 while Resistance is at 1.1015 and 1.1024

20th July 2016 – 09:42AM (UTC)

GBPUSD
GBPUSD_zpslun9ivl7.png

GBPUSD was bearish yesterday as it broke below 1.3150 handle and remained weak towards the end of the trading session. Cable has made bullish correction today and is trading above 1.3170 now though the long term view remains bearish towards 1.3000 levels. GBPUSD is trading below its 100day SMA of 1.3238 in the European trading session.Β The near term bias is Neutral to Bullish with targets of 1.3200 to 1.3250

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

Support is at 1.3046 while Resistance is at 1.3218 and 1.3270

20th July 2016 – 09:40AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 20th July, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSD_zpsanlceqhz.png

AUDUSD was bearish yesterday as it came down below 0.7500 handle and remained weak towards the end of the trading session. The AUDUSD is trading in a Neutral state today with sideways moves expected in the US trading session.Β The near term bias is Neutral with consolidation in the range of 0.7470 to 0.7530

RSI (14), STOCH (9, 6), CCI (14)Β are Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 0.7477 while Resistance is at 0.7510 and 0.7545

20th July 2016 – 09:46AM (UTC)

USDJPY
USDJPY_zpsu3lcjhlj.png

USDJPY was bullish yesterday as it crossed the 106.50 handle and some pullback was seen towards the end of the trading session. The USDJPY maintains its bullish momentum and is trading above its 100day SMA of 105.82 in the European trading session.Β The near term bias is Neutral to Bullish with targets of 107.25

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

Support is at 106.17 while Resistance is at 106.51 and 106.68

20th July 2016 – 09:53AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 21st July, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSD_zpsofc7ne5e.png

EURUSD was mild bullish yesterday and today it is continuing in the same uptrend. A bullish breakout above 1.1100 is expected in the US trading session. EURUSD is trading just below its 100 day SMA of 1.1047 andΒ the near term bias is Neutral to Bullish with targets of 1.1080 to 1.1100

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

Support is at 1.1009 while Resistance is at 1.1041 and 1.1057

21st July 2016 – 08:42AM (UTC)

GBPUSD
GBPUSD_zpso0syqxt3.png

GBPUSD was bullish yesterday and today it continues its bullish trend crossing 1.3250 today. Now the pair has started to decline and inverted head and shoulders pattern is seen. A short term Bullish correction above 1.3400 is expected before the weekly closing. GBPUSD is trading below its 100day SMA of 1.3209 in the European trading session.Β The near term bias is Neutral to Bullish with targets of 1.3250 to 1.3300

STOCH (9, 6), MACD (12, 26), ADX (14), ROCΒ indicate a BUY; RSI (14) is Neutral; while Average True Range (14) indicates High Volatility.

Support is at 1.3119 while Resistance is at 1.3274 and 1.3283

21st July 2016 – 08:55AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 21st July, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSD_zps0ardijwj.png

AUDUSD was indecisive yesterday as it touched a high of 0.7516 and a low of 0.7462 towards the end of the trading session. The AUDUSD has started to move in an uptrend today crossing 0.7480 levels in the European trading session. The pair is trading below its 100 day SMA of 0.7540 and bullish correction is expected in the US trading session.Β The near term bias is Bullish with targets of 0.7550

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

Support is at 0.7472 while Resistance is at 0.75040 and 0.7515

21st July 2016 – 09:00AM (UTC)

USDJPY
USDJPY_zps0evika3t.png

USDJPY was bullish yesterday as it crossed the 107 handle and today it managed to touch a high of 107.48 after which it has started to decline and is now trading at 106 levels. The USDJPY has now come into a Neutral state with some consolidation seen in the US trading session.Β The near term bias is Neutral with consolidation towards 106.50

STOCH (9, 6), MACD (12, 26)Β is Neutral; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates High Volatility.

Support is at 105.84 while Resistance is at 106.67 and 107.29

21st July 2016 – 09:08AM (UTC)


For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 22nd July, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSD_zpsj0njn7q0.png

EURUSD was indecisive yesterday as it touched a high of 1.1057 and a low of 1.0979 towards the end of the trading session. EURUSD is trading just below its 100 day SMA of 1.1032 and short term upwards correction is expected in the US trading session.Β The near term bias is Neutral to Bullish with targets of 1.1050 to 1.1070

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

Support is at 1.0979 while Resistance is at 1.1031 and 1.1045

22nd July 2016 – 07:35AM (UTC)

GBPUSD
GBPUSD_zpszfpzzdps.png

GBPUSD was indecisive yesterday as it touched a high of 1.3267 and a low of 1.3163 and is today trading in a bullish overtone above 1.3240 levels. Intraday Bullish correction is possible with the pair testing 1.3300 in the US trading session. GBPUSD is trading above its 100day SMA of 1.3196 in the European trading session.Β The near term bias is Neutral to Bullish with targets of 1.3300

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

Support is at 1.3205 while Resistance is at 1.3274 and 1.3286

22nd July 2016 – 08:01AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 22nd July, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSD_zpsmlcbf5ka.png

AUDUSD was mild bullish yesterday as it touched a high of 0.7510 and tried to consolidate in the range of 0.7480 to 0.7500 towards the end of the trading session. The AUDUSD is slightly bearish today and is trading below 0.7480 levels. The pair is trading below its 100 day SMA of 0.7511 in the European trading session.Β The near term bias is Bearish with targets of 0.7450 to 0.7425

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

Support is at 0.7469 while Resistance is at 0.7491 and 0.7502

22nd July 2016 – 08:20AM (UTC)

USDJPY
USDJPY_zpsyywrkcve.png

USDJPY was bearish yesterday as it dropped below 105 to touch an intraday low of 105.41 and tried to consolidate towards 106 at the end of the trading session. The USDJPY has now come into a Neutral state with some bullish correction expected in the US trading session.Β The near term bias is Neutral to Bullish with targets of 106.50

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

Support is at 105.54 while Resistance is at 106.53 and 107.49

22nd July 2016 – 08:28AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 25th July, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSD_zpsfxl3twvr.png

EURUSD closed last week below 1.0950 handle and today it opened lower and is now trading in a consolidation phase towards the 1.1000 levels. EURUSD is trading below its 100 day SMA of 1.1009 and downside moves are expected in the US trading session.Β The near term bias is Neutral to Bearish with targets of 1.0950 to 1.0910

RSI (14) is Neutral; MACD (12, 26), MA100Β indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.0967 while Resistance is at 1.1002 and 1.1015

25th July 2016 – 10:50AM (UTC)

GBPUSD
GBPUSD_zpspre31wzd.png

GBPUSD closed last week below 1.3100 handle and today it is trading in a zigzag pattern as bearish pressure continues to dominate the currency in the near term. Cable is trading in a neutral zone now with some bearish correction expected in the US trading session. GBPUSD is trading below its 100day SMA of 1.3162 in the European trading session.Β The near term bias is Neutral to Bearish with targets of 1.3050

STOCHRSI (14), MACD (12, 26), Ultimate Oscillator, MA100Β indicate a SELL; RSI (14), STOCH (9, 6) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.3119 while Resistance is at 1.3164 and 1.3205

25th July 2016 – 10:58AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 25th July, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSD_zpsxntrxh6o.png

AUDUSD closed lower last week below 0.7450 handle and today it is trading in a slight bullish overtone at 0.7480 levels. The AUDUSD is staging a slow recovery towards 0.7500 while the downside risks remain. The pair is trading just near its 100 day SMA of 0.7485 in the European trading session.Β The near term bias is Bullish with targets of 0.7530

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

Support is at 0.7442 while Resistance is at 0.7492 and 0.7500

25th July 2016 – 11:04AM (UTC)

USDJPY
USDJPY_zpsrcrishan.png

USDJPY was bullish last week and closed above the 106 handle. Today the pair is trading in a zigzag pattern holding above the 106.20 levels. The USDJPY has now come into a Neutral state with some bearish correction expected in the US trading session.Β The near term bias is Neutral towards 106 levels.

RSI (14), CCI (14)Β is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 105.93 while Resistance is at 106.48 and 106.53

25th July 2016 – 11:10AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 26th July, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSD_zps3bzfx6rm.png

EURUSD had a modest recovery yesterday as it closed above 1.0980 levels. Today the pair is trading in a minor uptrend though overall outlook remains bearish towards 1.0900 handle. EURUSD is trading above its 100 day SMA of 1.1002 and upside moves are expected in the US trading session.Β The near term bias is Bullish with targets of 1.1050 to 1.1080

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

Support is at 1.0967 while Resistance is at 1.1016 and 1.1024

26th July 2016 – 09:46AM (UTC)

GBPUSD
GBPUSD_zpsabssnsom.png

GBPUSD was indecisive yesterday as it touched a high of 1.3163 and a low of 1.3094 towards the end of the trading session. Cable is trading in a zigzag pattern today as the overall bias remains on the downside. GBPUSD is trading below its 100day SMA of 1.3161 in the European trading session.Β The near term bias is Neutral to Bearish with targets of 1.3050

RSI (14), STOCH (9, 6), Ultimate Oscillator are Neutral; MACD (12, 26), ROC, MA100Β indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 1.3064 while Resistance is at 1.3131 and 1.3164

26th July 2016 – 10:00AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 26th July, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSD_zpsum9nrjdf.png

AUDUSD was indecisive yesterday as it touched a high of 0.7491 and a low of 0.7455 towards the end of the trading session. The AUDUSD made a strong recovery crossing 0.7500 handle in the European trading session. The pair is trading above its 100 day SMA of 0.7481 and flat moves are expected in the US trading session. The near term bias is Bullish with targets of 0.7550

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

Support is at 0.7491 while Resistance is at 0.7538 and 0.7548

26th July 2016 – 10:07AM (UTC)

USDJPY
USDJPY_zpslk6rvuy3.png

USDJPY was mild bearish yesterday as it closed below 106 handle. Today the Dollar-Yen had a strong bearish momentum as it came down below 104.50 in the European trading session. The USDJPY is trading below its 100day SMA of 106.10 and further downside moves are expected in the US trading session.Β The near term bias is Bearish with targets of 104 to 103.50

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

Support is at 103.99 while Resistance is at 104.98 and 105.54

26th July 2016 – 10:15AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 27th July, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSD_zpsuoiuwoug.png

EURUSD was indecisive yesterday as it touched a high of 1.1019 and a low of 1.0978 towards the end of the trading session. Euro is unable to hold onto its bullish moves and is trading just above its 100 day SMA of 1.0997 in the European trading session.Β The near term bias is Bullish with targets of 1.1050 to 1.1080

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

Support is at 1.0981 while Resistance is at 1.1015 and 1.1024

27th July 2016 – 10:16AM (UTC)

GBPUSD
GBPUSD_zps1oolgz70.png

GBPUSD was indecisive yesterday as it touched a low of 1.3057 and a high of 1.3174 towards the end of the trading session. Cable is trading in a mild bearish tone today and the overall bias remains on the downside. GBPUSD is trading below its 100day SMA of 1.3145 in the European trading session.Β The near term bias is Bearish with targets of 1.3050 to 1.3010

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100Β indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.3056 while Resistance is at 1.3119 and 1.3128

27th July 2016 – 10:22AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 27th July, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSD_zpsc4gpnmfy.png

AUDUSD was bullish yesterday as it crossed 0.7500 handle and remained firm towards the end of the trading session. The AUDUSD had a bullish streak today crossing 0.7550 levels after which it came down to trade below 0.7500 in the European trading session. The pair is trading above its 100 day SMA of 0.7487 and downside moves are expected in the US trading session.Β The near term bias is Bearish with targets of 0.7400

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

Support is at 0.7472 while Resistance is at 0.7497 and 0.7504

27th July 2016 – 10:27AM (UTC)

USDJPY
USDJPY_zpsqfpdt2gw.png

USDJPY was bearish yesterday as it came down below 105 to touch intraday lows of 104.04 after which it had a mild recovery towards the end of the trading session. Today Dollar-Yen had a bullish breakout as it crossed 106 levels and touched a high of 106.53 after which it came down. The USDJPY is trading below its 100day SMA of 105.65 and is now in the Neutral state.Β The near term bias is Neutral

Support is at 103.99 while Resistance is at 105.82 and 105.93

27th July 2016 – 10:33AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 28th July, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSDM15_zpsowm7usyd.png

EURUSD was bullish yesterday as it crossed 1.1050 handle and remained firm towards the end of the trading session. Euro is moving in a bullish tone as it touched an intraday high of 1.1119 and is now trading above its 100day SMA of 1.1003 in the European trading session.Β The near term bias is Bullish with targets of 1.1150

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

Support is at 1.1043 while Resistance is at 1.1098 and 1.1126

28th July 2016 – 09:47AM (UTC)

GBPUSD
GBPUSDM15_zpsiglzpyzl.png

GBPUSD was bullish yesterday as it crossed 1.3200 handle and remained firm towards the end of the trading session. Cable is moving in a bullish tone as it touched an intraday high of 1.3245 and is now trading above its 100day SMA of 1.3137 in the European trading session.Β The near term bias is Neutral to Bearish with targets of 1.3100

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

Support is at 1.3119 while Resistance is at 1.3223 and 1.3238

28th July 2016 – 09:57AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 28th July, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSDM15_zps5qyuyofn.png

AUDUSD was bullish yesterday as it crossed 0.7500 handle and remained firm towards the end of the trading session. AUDUSD is moving in a bullish tone as it touched an intraday high of 0.7549 and is now trading above its 100day SMA of 0.7489 in the European trading session.Β The near term bias is Neutral to Bullish with targets of 0.7550 to 0.7580

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

Support is at 0.7491 while Resistance is at 0.7549 and 0.7554

28th July 2016 – 10:21AM (UTC)

USDJPY
USDJPYM15_zpsj9srw4zz.png

USDJPY was indecisive yesterday as it touched a high of 106.53 and a low of 105.14 towards the end of the trading session. Dollar-Yen is moving in a bearish tone as it touched an intraday low of 104.47 and is now trading below its 100day SMA of 105.45 in the European trading session.Β The near term bias is Bearish with targets of 104.50 to 104

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

Support is at 104.47 while Resistance is at 104.99 and 105.54

28th July 2016 – 10:40AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 01st Aug, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSDM15_zpslzui5zn4.png

EURUSD was bullish last week as it touched a top of 1.1197 and remained firm towards the end of the trading session. Euro is maintaining its uptrend today and is trading above its 100day SMA of 1.1069 in the European trading session.Β The near term bias is Neutral to Bullish with targets of 1.1200

RSI (14), MACD (12, 26), MA100Β indicate a BUY; STOCH (9, 6) is Neutral; Ultimate Oscillator is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.1119 while Resistance is at 1.1180 and 1.1197

01st Aug 2016 – 10:08AM (UTC)

GBPUSD
GBPUSDM15_zpsz5w68rfq.png

GBPUSD was bullish last week as it touched a top of 1.3300 towards the end of the trading session. Cable is moving in a bearish tone today after touching an intraday high of 1.3269 and is now trading just below its 100day SMA of 1.3172 in the European trading session.Β The near term bias is Bearish with targets of 1.3100

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

Support is at 1.3164 while Resistance is at 1.3291 and 1.3330

01st Aug 2016 – 10:25AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 01st Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSDM15_zpszfiyohjf.png

AUDUSD was bullish last week as it crossed 0.7600 handle and remained firm towards the end of the trading session. AUDUSD is moving in a mild bearish tone after touching an intraday high of 0.7613 and is now trading above its 100day SMA of 0.7527 in the European trading session.Β The near term bias is Neutral to Bearish with targets of 0.7550 to 0.7500

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

Support is at 0.7545 while Resistance is at 0.7593 and 0.7606

01st Aug 2016 – 10:30AM (UTC)

USDJPY
USDJPYM15_zps0dorw0kt.png

USDJPY had a strong bearish momentum last week as it touched a low of 101.96 and remained weak towards the end of the trading session. Dollar-Yen is moving in a zigzag pattern today and is now trading below its 100day SMA of 104.26 in the European trading session.Β The near term bias is Neutral to Bearish with targets of 102

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

Support is at 101.96 while Resistance is at 103.99 and 104.62

01st Aug 2016 – 10:35AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 02nd Aug, 2016
By FxGrow Research & Analysis Team

EURUSD
EURUSDM15_zpstzjw98qs.png

EURUSD was flat as it entered into a consolidation phase yesterday. Euro is maintaining its uptrend today and is trading above its 100day SMA of 1.1114 in the European trading session.Β The near term bias is Neutral to Bullish with targets of 1.1250

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

Support is at 1.1164 while Resistance is at 1.1208 and 1.1211

02nd Aug 2016 – 10:34AM (UTC)

GBPUSD
GBPUSDM15_zpskpxas2ge.png

GBPUSD was indecisive yesterday as it touched a high of 1.3271 and a low of 1.3162 towards the end of the trading session. Cable is moving in a bullish overtone as it touched an intraday high of 1.3255 and is now trading above its 100day SMA of 1.3189 in the European trading session.Β The near term bias is Bullish with targets of 1.3300

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

Support is at 1.3164 while Resistance is at 1.3248 and 1.3278

02nd Aug 2016 – 10:40AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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FxGrow Daily Technical Analysis – 02nd Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD
AUDUSDM15_zps6g4httos.png

AUDUSD was indecisive yesterday as it touched a high of 0.7613 and a low of 0.7528 towards the end of the trading session. AUDUSD is moving in a mild bullish tone after touching an intraday low of 0.7502 and is now trading above its 100day SMA of 0.7536 in the European trading session.Β The near term bias is Neutral to Bullish with targets of 0.7600 to 0.7625

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

Support is at 0.7504 while Resistance is at 0.7606 and 0.7615

02nd Aug 2016 – 10:47AM (UTC)

USDJPY
USDJPYM15_zpsf8zo7hty.png

USDJPY traded in a narrow range yesterday above the 102 handle towards the end of the trading session. Dollar-Yen is moving in a bearish momentum today after touching an intraday high of 102.82 and is now trading below its 100day SMA of 103.64 in the European trading session.Β The near term bias is Bearish with targets of 101

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

Support is at 101.45 while Resistance is at 101.88 and 102.83

02nd Aug 2016 – 10:55AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

Note:Β 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.

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