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Broj poruka : 489
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Tue Dec 29, 2015 12:53 pm
FxGrow Daily Technical Analysis – 28th Dec, 2015
By FxGrow Research & Analysis Team

NZDUSD - key resistance
Today NZDUSD reached to a key resistance, which is located in area 0.6900. That level is strenghtened by downtrend line and Fibonacci 50% level. Since mid-November price moved in upward channel and succesfully break above that level should lead price to the next resistance at 0.7180 level. However if price will rebound (it is more likely) nearest support is at 0.6760 level.



Wider view, time-frame W1
For 1,5 years price moved in downtrend. Low was established August 24 and there are no new lows. Today demand has attempted to break above downtrend line and gain 6-months high. Supply will definitely try rebound at this level, but if fail there could be a fester upward movement or even a long term trend reversal.



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.
Broj poruka : 489
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Tue Dec 29, 2015 5:27 pm
FxGrow Daily Technical Analysis – 29th Dec, 2015
By FxGrow Research & Analysis Team

GBPJPY - next break 175.80

In longer term there in an uptrend at GBPJPY however current price behaviour shows that right now correction may be deeper. For 3 years GBPJPY moved in an upward trend and in this particular time it gained 50% of its value.

For this year's holidays situation looks worst. Price didn't established new highs. Last weeks was very important for further direction of price movement. In last week price broke below support from August. Today supply continue its downward rally reached 8-months low. Nearest support is 177.60 level. However stronger support which should make rebound is at 175.80 level. Alternatively if rebound occur, resistances are located at levels: 180.60, 184.20, 187.40.



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.
Broj poruka : 489
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Wed Dec 30, 2015 1:47 pm
FxGrow Daily Technical Analysis – 30th Dec, 2015
By FxGrow Research & Analysis Team

GBPAUD - 6-months low

GBPAUD declines since August 015. Previous upward movement is corrected (it took place between September 2014 and August 2015). Price broke below Fibonacci 38,2% and declines continued (six months low was reached).

Nearest support is 2.0000 and it is target for declines. However it is more likely that rebound will take place at lower level. Stronger support that coincides with Fibonacci 50% is at 1.9800. This level should be a good spot for a rebound. If demand tries to finish this correction and return to uptrend, price will need to break above 2.0450 level.



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.
Broj poruka : 489
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Mon Jan 04, 2016 12:24 pm
FxGrow Daily Technical Analysis – 04th Jan, 2015
By FxGrow Research & Analysis Team

AUDJPY - attempt of break below the lower limit of the flag pattern

Since August AUDJPY moved in a flag pattern. Flag is a pattern of trend continuation which means that price should break below lower limit of the flag according to a main downtrend. Today there was an attempt of such breakout and price is at two months low.

Break below that level during today's session may not be successful because at 85.60 there is a support, where price may rebound. However when that support will be broken, price should go back to downtrend. Nearest supports: 85.60, 84.70, 83.60, 82.20. Nearest resistances: 86.80, 88.30, 90.30.



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.
Broj poruka : 489
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Mon Jan 04, 2016 6:35 pm
FxGrow Daily Technical Analysis – 04th Jan, 2015
By FxGrow Research & Analysis Team

NZDCAD - correction may lead to 0.9000

In previous analysis December 18 entitled: "upward rally is coming to an end?" I pointed that correction may occur because of overbought at NZDCAD. So it happened however correction has started 100 pips above level that I pointed in that analysis. At December 29 at daily chart there is a PIN BAR candle which tested area of highest level of 2015. Since that moment price falls.

Today price is testing 93.70 level however it is likely that falls will be deeper. If current support will be break below next supports are located at 92.20, 91.10, 90.10. It is likely that price will test 0.9000 level. This area is strengthened by support and Fibonacci 61,8% level of previous upward movement. Alternatively if demand is still strong after short correction price could begin consolidation below 2015 top.




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.
Broj poruka : 489
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Tue Jan 05, 2016 11:32 am
FxGrow Daily Technical Analysis – 05th Jan, 2015
By FxGrow Research & Analysis Team

GBPJPY - it is time for a rebound

Last week analysis brought a good profit. When price was at 178.22 I pointed that falls will continue in analysis entitled "next break 175.80". Currently price reached the support in area 175.50 where exchange rate reacted many times between December 2013 and April 2015. It is likely that rebound will occur at current level and further price direction will depend on that rebound strength. However if GBPJPY breaks below this support it will be a confirmation of deeper correction or even a trend reversal. Strong rebound from this support with new local high will be a signal that correction is over and price will return to uptrend.

Wider view.
Since 2012 GBPJPY moved in an uptrend but last six months was highly problematic for demand and achieving new highs. Last time new high was approached in June 21 2015 at 195.87 level and after that price moved with lower highs and lower lows. It is a confirmation that correction is in progress or even a trend reversal.



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.
Broj poruka : 489
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Re: Daily Technical Analysis by FxGrow

on Tue Jan 05, 2016 7:10 pm
FxGrow Daily Technical Analysis – 05th Jan, 2015
By FxGrow Research & Analysis Team

EURUSD - consolidation breakout

Since December 4 EURUSD moved in consolidation between levels: 1.0800 - 1.1040 (blue lines at the chart). Today price broke below lower consolidation band and immediately price broke two nearest supports: 1.0780, 1.0730. Direction of movement is in line with fundamentals which means a politics of both central banks. Dovish EBC and hawkish FED should cause euro depreciation against the dollar what could be seen on today's chart.

Next supports are located at levels: 1.0680, 1.0630, 1.0560. Currently it is likely that price will return and test lower limit of consolidation at 1.0800. If demand moves back inside the consolidation, then breakout will be a fake one. However if this scenario won't succeed and price will rebound, then the lows from 2015 should be tested.




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.
Broj poruka : 489
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Wed Jan 06, 2016 1:29 pm
FxGrow Daily Technical Analysis – 06th Jan, 2015
By FxGrow Research & Analysis Team

EURJPY - approached important support

The beginning of the year for EURJPY brought 3 sessions of consecutive declines. Price is at lowest level since April 2015. EURJPY moved the entire 2015 inside consolidation without clear trend between 126.10 - 140.50 levels. Rebound may occur in a moment. Key level which should bring demand reaction is located near 126.50. However if rebound won't succeed and declines will continue (what is currently less likely) break below 126.00 level will confirm that EURJPY is in a downtrend.



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.
Broj poruka : 489
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Wed Jan 06, 2016 6:27 pm
FxGrow Daily Technical Analysis – 06th Jan, 2015
By FxGrow Research & Analysis Team

USDTRY - return above 3.0000

Since more than 5 years USDTRY moves in an uptrend. In September 2015 price reached  3.0000 level and after creation of the double top pattern correction occured. Correction lasted one month and took a form of ABCD simple correction with AB=CD dependence. Since bottom in November 2 price moved upward with higher highs and higher lows.

Today USDTRY broke above key level 3.0000. Next resistances are located at 3.0280, 3.0610. If price will break above last top at 3.0750 it will be a signal for a new uptrend impulse. Alternatively if current breakout won't succeed and price will fall below 3.0000 nearest supports are located at levels: 2.9850, 2.9400, 2.9050.

Time-frame H4

 
Time-frame D1


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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Broj poruka : 489
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Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Thu Jan 07, 2016 1:04 pm
FxGrow Daily Technical Analysis – 07th Jan, 2015
By FxGrow Research & Analysis Team

GBPUSD - at key support

Hawkish FED strengthened dollar at all of the fronts. Yesterday FOMC minutes were published  and they confirmed FED's members unanimity in the matter of rates hike. There is 45% chance of next rate hike during March's meeting.

Due to this fact, GBPUSD fell to last year's low. If attempt of support breakout at 1.4600 succeeds next support will be find near 1.4250 - 1.4400 area (2010 low). If that level also breaks,  historical low from 2009 at region 1.3500 will become a next support. However if price rebounds from current support, nearest resistances are located at levels: 1.4740, 1.4820, 1.4940.



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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Re: Daily Technical Analysis by FxGrow

on Thu Jan 07, 2016 6:57 pm
FxGrow Daily Technical Analysis – 07th Jan, 2015
By FxGrow Research & Analysis Team

USDJPY - movement to 116.00

USDJPY continues downward movement which lasts since early December with a short break. It should be noted, price is oversold and since two weeks there wasn't any correction. However today's low could be deepened. Yesterday's support at 118.70 was broken and that fact showed some consequences today. Strong downtrend candle broke below 4-months low and currently 2015 low (area 116.00) is a bearish target.

It is likely that weak correction may appear and 118.70 will be tested. If there will be a rebound at 118.70 level price will fall to 116.00. Behavior of price at this level will be important for further direction of USDJPY movement. Breakout of one year's low will give a strong sell signal and a trend reversal in the long term.



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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Broj poruka : 489
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Re: Daily Technical Analysis by FxGrow

on Fri Jan 08, 2016 1:32 pm
FxGrow Daily Technical Analysis – 08th Jan, 2015
By FxGrow Research & Analysis Team

AUDCAD - support at 0.9870 paused correction

Previous analysis was extremely precise. I pointed that currency is overbought and correction may occur in a moment, I wrote: "Correction may begin at every moment, however it is likely that current movement will lead price to supports at 1.0130 or 1.0200. If one of that levels will cause rebound, nearest support is at 0.9970 level". So it happened and price shadow (wick of the candle) exceeded firstly pointed level about 37 pips and dynamic correction occured.

AUDCAD doesn't like movement in consolidation and by the fact, that upward move which lasted since the beginning of November was almost vertical now correction could be also dynamic. First support at 0.9970 was broken below and a pause in declines caused second support test at 0.9870. If there will be a breakout of that level next stronger support is located in 0.9730 area (conicided with Fibonacci 50%). At one of that supports rebound should occur and it shows current strength of demand.



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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Broj poruka : 489
Points : 1208
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Re: Daily Technical Analysis by FxGrow

on Fri Jan 08, 2016 7:58 pm
FxGrow Daily Technical Analysis – 08th Jan, 2015
By FxGrow Research & Analysis Team

EURGBP - triple top pattern

Today's nonfarm payrolls data were extremely calm, despite that the forecasts were completely different. Unemployment in USA remained at 5% and US economy created almost 50% more work places in nonfarm sector than it was forecasted (292k vs 200k). EURGBP chart looks really interesting, where price (since last year's April) for the third time reached resistance 0.7480 and rebounded again.

Right now we can see triple top pattern, which is a declines signal. This time demand should try another attack at this resistance and it can even reach again to yesterday's high. At time-frame H4 the possibility of rebound is confirmed by yesterday's candle with a long upper shadow. Nearest supports: 0.7420, 0.7320, 0.7250. Key resistance at 0.7480 level.

Time-frame D1

 
Time-frame H4


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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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Broj poruka : 489
Points : 1208
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Re: Daily Technical Analysis by FxGrow

on Mon Jan 11, 2016 12:41 pm
FxGrow Daily Technical Analysis – 11th Jan, 2015
By FxGrow Research & Analysis Team

EURJPY - support reacted, it is time for a bigger rebound

Last week analysis was very profitable. In analysis entitled: "EURJPY - approached important support", I wrote: "Rebound may occur in a moment. Key level which should bring demand reaction is located near 126.50". In fact rebound occurred 50 pips above that level and signal to take the long position was OUTSIDE BAR price action pattern. It is visible at chart H4 (pointed by arrow). Low of that pattern was deepened by long shadow (it required wider SL or renewed long position), after which upward movement continued to first resistance at 128.80.

If this resistance breaks next target for bulls will be located at 129.80, 130.75. However if declines shows once again, supply will want to test area 126.50 and there should be stable rebound.



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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Re: Daily Technical Analysis by FxGrow

on Mon Jan 11, 2016 8:08 pm
FxGrow Daily Technical Analysis – 11th Jan, 2015
By FxGrow Research & Analysis Team

AUDUSD - dynamic rebound from the support
Since the beginning of this year AUDUSD falls and broke few supports. For 6 sessions there was lower highs and lower lows and this downtrend stopped today, when first dynamic rebound occurred. Rebound was caused by support which was created by September's lows at area 0.6920. Temporarily rebound was stopped by 0.7020 level, but after its breakout next resistances are at levels: 0.7080, 0.7160, 0.7280.



Wider view, time-frame W1
Since 2011 AUDUSD moves in downtrend. However last 5 months is a side movement between levels: 0.6920 - 0.7370. It is more likely that in long time trend will be continued and price will fall below 0.6920. While price is between pointed levels it is a side trend and traders should trade from band to band.



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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Re: Daily Technical Analysis by FxGrow

on Tue Jan 12, 2016 12:36 pm
FxGrow Daily Technical Analysis – 12th Jan, 2015
By FxGrow Research & Analysis Team

EURUSD - movement in downward channel suggest the direction of breakout

Since December 4 EURUSD moves in downward channel between 1.0720 - 1.1050. Fundamentally dollar should strengthened and EURUSD continue its declines but it doesn't. It indicates, that any dovish information from FED could induce upward movement at least to 1.1050. Similar channels formed several times in the last few months (as you can see in the chart D1) and every time breakout was in direction opposed to the channel slope. If price breaks the channel, further movement will be also in consolidation but in a bigger one, between levels: 1.0500 - 1.1500.

Time-frame H4


Time-frame D1


[URL="https://secure.fxgrow.com/b.php?cid=F_POST_FTR_15&l=aHR0cDovL3d3dy5meGdyb3cuY29tL3Byb21vX2RldGFpbHMucGhwP2Fkc19pZD02"]For more in depth Research & Analysis please visit FxGrow[/URL].

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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Re: Daily Technical Analysis by FxGrow

on Tue Jan 12, 2016 5:17 pm
FxGrow Daily Technical Analysis – 12th Jan, 2015
By FxGrow Research & Analysis Team

GBPUSD - lowest since mid-2010

Currently we have very clear situation at GBPUSD. After support breakout (1.4600) price tested it from the bottom. Reversing the polarity was confirmed and last support has become new resistance which is clearly visible in the chart below. Demand couldn't go back even for a moment above 1.4600. Further target for falls could be one of supports from 2010: 1.4400 or 1.4250. If price falls below them it is almost certain that price will reach below 1.4000 level.

Attention should be paid to the GBPUSD nearest Thursday when the central bank of England publish its decision on interest rates. A likely scenario is a test of one of the indicated levels and rebound on Thursday's BoE decision.



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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Re: Daily Technical Analysis by FxGrow

on Wed Jan 13, 2016 1:27 pm
FxGrow Daily Technical Analysis – 13th Jan, 2015
By FxGrow Research & Analysis Team

GBPAUD - movement in downtrend channel

Since last year's August GBPAUD moves in a downtrend. Previous wave of declines finished at 2.0170 (almost 7-months low) and rebound occurred. Price was gaining until Monday when after reaching a downtrend line (coinciding with Fibonacci 78,6%) new wave of falls occurred. Today downward movement is continued, but declines are paused by support 2.0470. There is no sign that this support should stop declines. It is very likely that after its breakout, lower limit of downward channel will be tested. Currently that lower limit coincides with strong support 1.9900. However if bulls strengthens, the trend reversal momentum will try to close the price above 2.1000 level. This would mean break above: downtrend line (time-frame H4) and downtrend channel (time-frame D1).

Time-frame H4


 
Time-frame D1



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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Re: Daily Technical Analysis by FxGrow

on Wed Jan 13, 2016 7:08 pm
FxGrow Daily Technical Analysis – 13th Jan, 2015
By FxGrow Research & Analysis Team

CADJPY - closer to stronger support zone

Analysis from December 17 was very profitable. However declines without any correction reached much lower than I expected (black symbols at H4 chart). I wrote: "Current situation looks very bad for demand side. Upward movement which we saw this week was just a re-test of new resistance. It is likely that declines will become a further direction", "The nearest support can be found at: 87.40, and another in the area 85.00".

Downtrend is so strong that support at 85.00 didn't stop declines even for one day. Currently lower limit of downtrend channel was tested and weak rebound may occur, however it shouldn't reach higher than 84.70. Strong support is near 81.00 area and there should be a rebound. Price many times reacted at this level between 2010 – 2012. However if bulls strengthen first break above 85.00 level will be a first signal for a trend reversal.

Time-frame H4


Time-frame W1


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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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Re: Daily Technical Analysis by FxGrow

on Thu Jan 14, 2016 11:41 am
FxGrow Daily Technical Analysis – 14th Jan, 2015
By FxGrow Research & Analysis Team

NZDCAD - it's not the end of correction

After upward movement lasting 2 months NZDCAD reached resistance, which since 2014 has been causing rebounds. That's also happened now. For the third time area 0.9550 stopped bulls charge. Falls that occurred doesn't reach even to Fibonacci 38,2% which could mean that correction isn't finish.

Bulls could try to return to uptrend as evidenced by broken intraday downtrend line (orange line at the chart). However it shouldn't be succeeded (December's high shouldn't be threatened). If bulls fail, price will come back to correction. When bears return and support at 0.9240 will be broken, it is likely that next target will be found near 0.9000 - 0.9050. At this area supports coincide with Fibonacci levels. Nearest resistances: 0.9380, 0.9470, 0.9550. Nearest supports:  0.9240, 0.9110, area 0.9000-0.9050.

Time-frame H4



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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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Re: Daily Technical Analysis by FxGrow

on Thu Jan 14, 2016 5:45 pm
FxGrow Daily Technical Analysis – 14th Jan, 2015
By FxGrow Research & Analysis Team

EURJPY - failed attempt of break above triangle upper limit

In January there is a side trend at EURJPY and price formed triangle pattern. Today bulls tried to broke above upper limit of the triangle but they failed. Successful breakout could be very dynamic. If it is up, upward movement will be limited to 133.00.  However if it is down, it will give a strong long-term trend reversal signal.




Wider view, time-frame D1
Since December 2014 EURJPY moves in a downtrend, in last week price reached 8 months low. Currently price is near support, but it is very hard to see any good signals looking at the chart. Break below support at 126.90 could lead price to 120.50 and in a long term will look like trend reversal (because right now falls still could be seen as a correction in uptrend). Alternatively if rebound occurs the main challenge for the bulls will be break above resistance at 133.00, where right now is a downtrend line.



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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Re: Daily Technical Analysis by FxGrow

on Fri Jan 15, 2016 1:16 pm
FxGrow Daily Technical Analysis – 15th Jan, 2015
By FxGrow Research & Analysis Team

AUDCAD - one week of correction and return to uptrend

Bulls strikes back on AUDCAD. New year started with falls after almost vertical upward movement which lasted in November and December last year. After two months of upward movement without any correction supply expected deeper correction. I assumed that should make rebound was 0.9740 where support coincides with Fibonacci 50%.

For more in depth Analysis & Research 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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Broj poruka : 489
Points : 1208
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Technical Analysis by FxGrow

on Sat Jan 16, 2016 11:46 am
FxGrow Daily Technical Analysis – 15th Jan, 2015
By FxGrow Research & Analysis Team

AUD/USD deepens 6-year lows

Australian to US dollar fell during Friday’s trading below wide consolidation 0.7383-0.6900 drawn from the middle of the last year. As a result, long-term, more than 6-ytear lows on the Aussie has been deepened to 0.6862. If the price closes below that level, then traders will have an opportunity to look for supply signals.

For more in depth Analysis & Research 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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Re: Daily Technical Analysis by FxGrow

on Mon Jan 18, 2016 12:27 pm
FxGrow Daily Technical Analysis – 18th Jan, 2015
By FxGrow Research & Analysis Team

CHFPLN - breakout the upper limit of consolidation after S&P downgrade

On Friday rating agency Standard & Poor’s cut the Poland's rating and warned of a further cut. S&P in note pointed at new government's actions without reference to the Poland's economy. Despite that other agencies does not opt to identical moves polish zloty weakened.

Currency pair CHFPLN is very popular because a thousands of Poles have debt in CHF. At chart we see side trend since February 2015. CHFPLN moved between levels 3.8000 - 4.0600 by the last Friday when demand broke above 4.0600 level. Currently the return movement should occur and price should decline to 4.0600. If price rebound from that level will be a new uptrend impuls. However if supply will be stronger and price will return below 4.0600 Friday's breakout will be a false and price will moves toward the lower limit of the channel.



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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Re: Daily Technical Analysis by FxGrow

on Tue Jan 19, 2016 12:09 pm
FxGrow Daily Technical Analysis – 19th Jan, 2015
By FxGrow Research & Analysis Team

USDJPY an opportunity for rebound - double bottom pattern at support

After Friday's selloff current week started with a rebound at USDJPY. Area of 116.50 was defended by demand because further declines (and especially support breakout at 116.00) will worsen technical situation on the chart. Changes in long-term trend to a downtrend will become a fact. Currently upward movement should reach 118.30 - 118.80. This area is important for further moves direction. If demand breaks it and upward movement continues next target will be at 120.60.

Time-frame H4

 
I would like to remind previous analysis USDJPY from January 7, which was very profitable. I wrote: "It is likely that weak correction may appear and 118.70 will be tested. If there will be a rebound at 118.70 level price will fall to 116.00".

Time-frame M30


For more in depth Analysis & Research 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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Re: Daily Technical Analysis by FxGrow

on Tue Jan 19, 2016 8:36 pm
FxGrow Daily Technical Analysis – 19th Jan, 2015
By FxGrow Research & Analysis Team

EURGBP - fast correction and return to uptrend

Since almost a year demand was unable to break above 0.7480. From the other side, supply likewise wasn't able to broke below support at 0.6990. As a result on January 8 there was a successful breakout of consolidation upper limit and new dynamic upward impulse began.

After shallow ABC correction (where C = A * 61,8%), price today reached highest level since a year. Upward movement should be continued for at least another 160 pips to 0.7760 level. Correction should occur there and its strength will show current condition of the bears.

Time-frame M30


Time-frame D1


For more in depth Analysis & Research 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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Re: Daily Technical Analysis by FxGrow

on Wed Jan 20, 2016 12:21 pm
FxGrow Daily Technical Analysis – 20th Jan, 2015
By FxGrow Research & Analysis Team

EURUSD - break above bearish regression channel
Since December 4th EURUSD moves in downward channel. First attempt of breaking above it, occurred on January 15th but finished with false breakout and returned into the channel. Currently there is a second attempt and price reached 1.0975 level. If withdrawal doesn't occur, then upward move will reach at least the nearest resistance at 1.1050.

Next resistances are at levels: 1.1120, 1.1320, 1.1480. It has to be note that on Thursday EBC will summarize its recent monetary policy actions. During last meeting there was a huge 400 pips EURUSD move despite of there wasn't any surprising data. For this reason you must have increased attention with open positions at EURUSD.



For more in depth Analysis & Research 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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Re: Daily Technical Analysis by FxGrow

on Thu Jan 21, 2016 4:04 pm
FxGrow Daily Technical Analysis – 20th Jan, 2015
By FxGrow Research & Analysis Team

GBPJPY - is it a good time for a rebound?

GBPJPY falls second month in a row without any bigger correction. Firstly, supply broke below support at 175.50 and then 168.00. It took place without any attempt of a rebound. Today demand reactin occurred in area 163.00 - 163.70 and it was at the time when macroeconomic data were published. Data were better than forecast (UK unemployment falls to decade low).

As you can see at weekly chart it is likely that trend reversal is in progress. However 2 months without correction should cause at least a shallow rebound. Nearest resistances: 168.00, 175.50, 189.00. Nearest support: 163.00 -163,70 area.

Time-frame D1


Time-frame W1


For more in depth Analysis & Research 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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Re: Daily Technical Analysis by FxGrow

on Thu Jan 21, 2016 4:35 pm
FxGrow Daily Technical Analysis – 21st Jan, 2015
By FxGrow Research & Analysis Team

AUDNZD - upward movement should be continued

For 2 months AUDNZD moved in downtrend from 1.1080 level in November 2015 to 1.0535 level in January 7. Since then rebound occured, which is characterized by higher highs and higher lows (this is a basic method to identify trends). Currently price reached 1.0700 and it is likely that rebound will occur and demand will try another test of the latest resistance at 1.0830. Next resistances are located at: 1.0930, 1.1020, 1.1080. Nearest supports: 1.0700, 1.0630, 1.0550.

Wider view, time-frame W1

For the last two years range of movement decreased and price moved between: 1.0050 - 1.1300. However in a long term since 2011 AUDNZD moved in a downtrend. Lowest level was achieved in April 2015  and it wasn't deepened since that moment. It has to be noted that head and shoulder pattern is forming. To complete the pattern it is necessary to permanently break above 1.1300 level -  this will be a signal for a trend reversal.

Time-frame H4

 
Time-frame W1


For more in depth Analysis & Research 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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Re: Daily Technical Analysis by FxGrow

on Thu Jan 21, 2016 6:36 pm
FxGrow Daily Technical Analysis – 21st Jan, 2015
By FxGrow Research & Analysis Team

EURUSD - declines after ECB press conference

Yesterday demand tried to break above bearish regression channel, but sentiment changes today after press conference of ECB President Mario Draghi. According to forcast ECB maintained interest rates unchanged, however during press conference, Draghi's speach caused a weakening of the euro. Mario Draghi noted that inflation is weaker than expected and suggested action taken by the ECB during the March meeting

It caused that EURUSD fell 100 pips. However return movement occured very fast and  currently price is above support at 1.0810. If support is break below next target for falls will be at 1.0730. Alternatively if demand is strong enough key level for the bulls will be at 1.0950 which is an upper limit of downward channel. Next target for bulls is at 1.1050.

Time-frame H4



For more in depth Analysis & Research 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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Re: Daily Technical Analysis by FxGrow

on Fri Jan 22, 2016 12:01 pm
FxGrow Daily Technical Analysis – 22nd Jan, 2015
By FxGrow Research & Analysis Team

OIL BRENT - 10% gaings from the bottom - second day of rebound

There is dynamic rebound at OIL. Since 24 hours OIL BRENT gained more than 10% value, moving from 27.30 to 31.00. Rebounds at OIL were usually dynamic so while the key levels weren't broken current movement should be seen as a correction. Key resistances are at levels: 36.00 (former support that stopped declines in December) and 42.50. More important is 42.50 level because supply couldn't break it for 5 months in 2015.

Since the beginning of January 2016 OIL fell 25% without any bigger correction. Currently it is likely that upward movement will reach at least to Fibonacci 38,2% (31.60 level) or Fibonacci 50% (33.00 level) or even to 61.8% (area 34.60). Last pointed level is strengtened by resistance. Nearest resistances: 31.00, 32.20, 34.60, 36.00. Nearest supports: 29.30, 27.30.

Time-frame H1



For more in depth Analysis & Research 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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Re: Daily Technical Analysis by FxGrow

on Fri Jan 22, 2016 7:03 pm
FxGrow Daily Technical Analysis – 22nd Jan, 2015
By FxGrow Research & Analysis Team

GBPUSD - dynamic rebound after price reached 6-years low

In Monday's analysis (after upward movement in the morning) I pointed two scenarios: successful rebound or deepened falls: "it is likely that today will be first upward session since a week" and "however if demand fail and declines continue next support will be at 1.4000".

Morning's gains were lost by the end of the day and as a result at chart you can see next red candle with long upper shadow. As expected, price moved in the direction of 1.4000, but rebound on Thursday was 80 pips higher during ECB press conference. That level was 6 years low and support at that level can be found at weekly or monthly time-frame. Today price returned above 1.4250 and nearest target for upward movement is 1.4400. That level is strengthened by Fibonacci 38,2%. After its breakout next resistance is at 1.4600 strengthened by Fibonacci 61,8%. Alternatively if bearish sentiment is back nearest supports will be located at: 1.4250, 1.4080-1.4000.

Time-frame H1

 
 
Time-frame monthly


For more in depth Analysis & Research 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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Re: Daily Technical Analysis by FxGrow

on Mon Jan 25, 2016 1:32 pm
FxGrow Daily Technical Analysis – 25th Jan, 2015
By FxGrow Research & Analysis Team

USDJPY - dynamic rebound from support after BoJ speech

Last Wednesday there was another test of 116.40 level, but supply wasn't stopped and tried attack at 116.00. As a result USDJPY reached to a year's low of price. Since December to last week's Thursday Japan's yen strengthened, during this  time price fell from 123.56 to 116.00.  At pointed level dynamic rebound occurred and during three upward sessions led price to Fibonacci 38,2% of previous downward movement. The immediate cause of that rebound (which means weakened yen), were information from Bank of Japan. Governor of BoJ Haruhiko Kuroda said: "We won't hesitate adjusting policy, including easing policy, if necessary to achieve our 2 percent price target". Nearest BoJ meeting will be at current week. Market's reaction was dynamic, Japanese stock market has gained and yen fell down.

At chart USDJPY reached to first important resistance at 118.80 i rebound occurred. If demand break above that resistance next targets will be at: 120.60, 121.40, 123.50. However if declines continue nearest supports will be at levels: 118.10, 117.60, 116.50.



To read this Full in depth 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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Broj poruka : 489
Points : 1208
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Mon Jan 25, 2016 7:12 pm
FxGrow Daily Technical Analysis – 25th Jan, 2015
By FxGrow Research & Analysis Team

EURCAD - dynamic rebound from the support area

After January 20th when EURCAD reached 1.6100 (5 years high), dynamic rebound occurred. Falls lasted 3 days and finished at 1.5245 level which is 38,2% Fibonacci level of earlier uptrend movement. That area was additionally strengthened by the support.
Currently there is a rebound which should reach at least 1.5570 area (nearest strong resistance). Indicated resistance is important for further direction of price movement.

If demand breaks it correction may be finished and price will move to a new high. However there is an alternative scenario, when bears will go back and last week’s low will be deepened, entire downward movement will form ABC simple correction. Target for falls could be calculated by equation A=C. Nearest supports: 1.5250, 1.5100, 1.4980. Nearest resistances:  1.5430, 1.5570, 1.5680.

Time-frame H1

 
Time-frame H4


To read this Full in depth 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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