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Daily Technical Analysis by FxGrow

Discussion in 'Technical Analysis' started by FxGrow Support, May 16, 2015.

  1. FxGrow Support

    FxGrow Support Trusted Member

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    Dear Forum Members!

    Here you can find Daily Technical Analysis of Major Currencies.

    We hope that this information will be helpful for your trading.

    Best Regards
    FxGrow Support

    -------------------------------------------------------------------------------

    Terms used in our Analysis

    RSI (14)- Relative strength index 14 days Time frame
    MACD (12, 26)- Moving Average Convergence Divergence 12 day EMA - 26 day EMA
    EMA- Exponential moving average
    ADX (14)- Average Directional Index 14 days
    ATR (14)- Average True Range 14 days
    SMA- Simple Moving Average
    MA x- Moving Average where x is the number of days
    STOCH RSI (14)- Stochastic RSI 14 days
    William %R- Momentum Indicator
    CCI(14)- Commodity Channel Index
    ROC- Rate of Change

    -------------------------------------------------------------------------------
     
  2. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 14th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    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

    [​IMG]

    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

    For more in depth Research & Analysisplease 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 Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 15th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    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

    [​IMG]

    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

    For more in depth Research & Analysisplease 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.
     
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  4. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 15th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    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

    [​IMG]

    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

    For more in depth Research & Analysisplease 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 Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 18th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    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

    [​IMG]

    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

    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 Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 18th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    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

    [​IMG]

    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

    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.
     
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  7. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 19th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    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

    [​IMG]

    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

    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.
     
  8. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 19th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    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

    [​IMG]

    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

    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 Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 20th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    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

    [​IMG]

    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

    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 Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 20th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    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

    [​IMG]

    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

    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.
     
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  11. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 21st May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    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

    [​IMG]

    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

    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 Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 21st May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD is in a Bullish tone in the Asian trading session trading above the 20day moving average. The near term bias is Neutral to Bullish within range of 0.7950 to 0.7980 with some sideways movements expected in the European trading session.

    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 0.7860 while Resistance is at 0.7921 and 0.7937

    21st May 2015 – 05:20hrs GMT


    USDJPY

    [​IMG]

    USDJPY was higher yesterday crossing its 20 day moving average at 121.14 In the Asian trading session it has entered into a bearish correction. The near term bias remains Bearish with targets of 120.80 to 120.60

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

    Support is at 120.82 while Resistance is at 121.47

    21st May 2015 – 05:27hrs GMT

    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 Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 22nd May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD is in continuation of its Bullish phase with the pair trading above its 20day moving average in the Asian trading session. The near term bias remains bullish with targets of 1.1200 to 1.1250

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

    Support is at 1.1097 while Resistance is at 1.1180

    22nd May 2015 – 04:38hrs GMT


    GBPUSD

    [​IMG]

    GBPUSD is in the consolidation phase with the pair trading above its 20day moving average in the Asian trading session. Sideways movements are expected in the European trading session. The near term bias remains bullish with targets of 1.5700 to 1.5750

    RSI (14), MACD (12, 26), ROC, ADX (14), STOCHRSI (14) indicate a BUY; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5551 while Resistance is at 1.5700

    22st May 2015 – 04:47hrs GMT

    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 Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 22nd May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD is in a Bullish tone in the Asian trading session trading above the 50day moving average. The near term bias is Neutral to Bullish within range of 0.7960 to 0.7990 with some correction expected in the European trading session.

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

    Support is at 0.7876 while Resistance is at 0.7921 and 0.7949

    22nd May 2015 – 04:52hrs GMT


    USDJPY

    [​IMG]

    USDJPY is trading lower in the Asian trading session below its 20day moving average. The near term bias remains Bearish with targets of 120.50 to 120.20

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

    Support is at 120.70 while Resistance is at 121.25

    22nd May 2015 – 05:02hrs GMT

    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 Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 25th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD came into a bearish trend on Friday coming down below its 20day moving average. The pair is currently trading at 1.0978 in the Asian trading session. The near term bias remains bearish with targets of 1.0950 to 1.900

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

    Support is at 1.0964 while Resistance is at 1.1065

    25th May 2015 – 05:26hrs GMT



    GBPUSD

    [​IMG]

    GBPUSD started its bearish trend on Friday coming below its 20day moving average. The pair is trading at 1.5475 in the Asian trading session. 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; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5456 while Resistance is at 1.5521

    25th May 2015 – 05:33hrs GMT

    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.
     
  16. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 25th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD came down on Friday and is trading below its 20day moving average of 0.7828 The correction has subdued in the Asian trading session with the pair trading at 0.7817 The near term bias is Neutral to Bearish within range of 0.7830 to 0.7750

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

    Support is at 0.7802 while Resistance is at 0.7851 and 0.7860

    25th May 2015 – 05:44hrs GMT


    USDJPY

    [​IMG]

    USDJPY is in continuation of its Bullish trend with the pair trading above its 20day moving average in the Asian trading session. The near term bias remains Bullish with targets of 122.00

    STOCH (9, 6), CCI (14), MACD (12, 26), ROC indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

    Support is at 120.82 while Resistance is at 121.77

    25th May 2015 – 05:49hrs GMT

    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.
     
  17. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 26th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD continues its bearish trend trading below its 20day moving average of 1.0966 The pair is currently trading at 1.0933 in the Asian trading session. The near term bias remains bearish with targets of 1.0900 to 1.0850

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

    Support is at 1.0926 while Resistance is at 1.0959

    26th May 2015 – 05:40hrs GMT

    GBPUSD

    [​IMG]

    GBPUSD remains in a bearish trend trading below its 20day moving average of 1.5464 The pair is trading at 1.5449 in the Asian trading session. The near term bias remains bearish with targets of 1.5400 to 1.5350

    RSI (14), MACD (12, 26), ROC, ADX (14), indicate a SELL; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5430 while Resistance is at 1.5497

    26th May 2015 – 05:57hrs GMT

    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.
     
  18. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 26th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD is in a consolidation phase trading below its 50day moving average of 0.7838 The pair is trading at 0.7828 in the Asian trading session. The near term bias is Neutral to Bearish within range of 0.7800 to 0.7750

    RSI (14) is Neutral; STOCH (9, 6), STOCHRSI (14), CCI (14), ROC indicate a SELL; while Average True Range (14) indicates High Volatility.

    Support is at 0.7802 while Resistance is at 0.7840

    26th May 2015 – 06:04hrs GMT


    USDJPY

    [​IMG]

    USDJPY is in continuation of its Bullish trend with the pair trading above its 20day moving average of 121.63 in the Asian trading session. The near term bias remains Bullish with targets of 122.40

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

    Support is at 121.47 while Resistance is at 121.98

    26th May 2015 – 06:07hrs GMT

    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.
     
  19. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 27th May, 2015
    By FxGrow Research & Analysis Team

    EURUSD

    [​IMG]

    EURUSD had a bearish trend yesterday touching a low of 1.0862; in the Asian trading session the pair has recovered and is trading at 1.0912 above its 20day moving average. The near term bias remains Neutral to Bullish with targets of 1.0950 to 1.0980

    RSI (14), ADX (14), ROC, Ultimate Oscillator indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 1.0862 while Resistance is at 1.0926

    27th May 2015 – 06:16hrs GMT


    GBPUSD

    [​IMG]

    GBPUSD had a bearish trend yesterday touching a low of 1.5353; in the Asian trading session the pair has recovered and is trading at 1.5425 above its 20day moving average. The near term bias remains Neutral to Bullish with targets of 1.5450 to 1.5470

    RSI (14), ROC, Ultimate Oscillator indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility.

    Support is at 1.5352 while Resistance is at 1.5456 and 1.5479

    27th May 2015 – 06:19hrs GMT

    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.
     
  20. FxGrow Support

    FxGrow Support Trusted Member

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    Daily Technical Analysis – 27th May, 2015
    By FxGrow Research & Analysis Team

    AUDUSD

    [​IMG]

    AUDUSD had a bearish trend yesterday touching a low of 0.7724; the pair has recovered in the Asian trading session trading at 0.7763 above its 20day moving average. The near term bias is Neutral to Bullish with targets of 0.7800

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

    Support is at 0.7725 while Resistance is at 0.7801

    27th May 2015 – 06:26hrs GMT


    USDJPY

    [​IMG]

    USDJPY had a bullish trend yesterday touching a high of 123.31; the pair is trading lower at 122.92 in the Asian trading session below its 20day moving average. The near term bias remains Neutral to Bearish with targets of 122.50

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

    Support is at 121.77 while Resistance is at 123.31

    27th May 2015 – 06:34hrs GMT

    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.
     
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