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GrowBinary Support
Broj poruka : 45
Date of Entry : 2015-08-30

Re: Daily Technical Analysis by FxGrow

on Thu Sep 03, 2015 10:46 am
GrowBinary - Market Analysis and News - 03rd Sept, 2015
By GrowBinary Research & Analysis Team

USD/JPY breaking bearish mood looking for another rally.

The pair has bounced back from the bottom at 119.50 rising above 120.00 and flipping our direction indicator to the up side. Currently we expect demand from area 120.30 - 119.90 to support price and induce rally towards 120.70 and possibly higher to 121.25.



We recommend 3-4 hours as well as end-of-day CALL options to  benefit on this opportunity.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Thu Sep 03, 2015 12:13 pm
FxGrow Daily Technical Analysis – 03rd Sept, 2015
By FxGrow Research & Analysis Team

USDJPY - important resistance began a correction?

High volatility in USDJPY took place on 20-24 August where was a drop from 124.00 to 116.13. Currently it settled down and price for more than a week moves in a flat upward channel. Nearby intraday support is on 118.40 and resistance 122.00. After break one of them a further target is above-mentioned extreme.



Time-frame M1

USDJPY is moving in an upward trend. The level 125.80 which stops further upward movement is a major resistance. It already stopped trend in the years 2001, 2002 and 2007. There is a probability of correction because there wasn't any since three years. If the last drop will be a beginning of the correction the minimum level of falls is 38.2% fibo (106.60 level).



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Thu Sep 03, 2015 7:27 pm
FxGrow Daily Technical Analysis – 03rd Sept, 2015
By FxGrow Research & Analysis Team

AUDCAD - breached two years support

After fourth test of support on level 0.9400 bears reached its purpose and support was breached. The price was so low last time in August 2013. At the same time there's only 100 pips left to the next support. Its breakthrough could lead price to a level 0.8600 and below. After a bounce, level of 0.9400 will be resistance to upward movement. Next resistance is 0.9740.



Time-frame H4

Downward trend on AUDCAD for a month took the form of a channel. The lower limit of the channel has been tested od Tuesday and since then the price is trying to bounce back. If the bulls break through resistance at 0.9360 this bounce may lead price to 0.9500, where is another resistance and the upper limit of the downward 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.
FxGrow Support
Broj poruka : 490
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Fri Sep 04, 2015 1:05 pm
FxGrow Daily Technical Analysis – 04th Sept, 2015
By FxGrow Research & Analysis Team

EURGBP breakout from the consolidation will indicate the direction

For more than a week EURGBP moves in consolidate between 0.7394 and 0.7260. Yesterday at the press conference ECB President Mario Draghi euro depreciated against other currencies and is also clearly visible on the chart with the pound. Drop wasn't deep enough to breach the support. Currently only breakout one of indicated levels should start longer movement.



Time-frame D1

In August EURGBP left downward channel and now 6-month resistance at 0.7390 effectively stops the aspirations of the bulls. If it had been broken the support 0.7220 that the price will return to the inside of the downward channel and it will move towards the July low. Price moves in a downward trend, and the current rally should be seen more as a rebound than changing the long-term downtrend. Alternatively, if bulls could break the resistance the target of upward movement will be 0.7760.


Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Fri Sep 04, 2015 6:04 pm
FxGrow Daily Technical Analysis – 04th Sept, 2015
By FxGrow Research & Analysis Team

NZDUSD - support is broken, target of falls 0.5900

NZDUSD for nearly two weeks is moving in a downward channel. Today there was an attempt to leave top of the channel but ended on a false breaking. On the chart appeared a long upper shadow and a red candle. It may end by the test of the lower limit of the channel at 0.6230 where there is also a minimum of 24 August. First bears must break the next support on level 0.6310.




Time-frame W1

NZDUSD for a year is moving in a strong downtrend and it looks like that falls will be continued. Seven weeks has lasted consolidation at support level 0.6500. So long impotence of bulls to perform bounce has to end broken of support. So  it happened and support has been broken. Last week's minimum may cause slight rebound, but the next strong support is at 0.5900. That should be a target to bears which will allow for a longer rebound.

FxGrow Support
Broj poruka : 490
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Mon Sep 07, 2015 1:14 pm
FxGrow Daily Technical Analysis – 07th Sept, 2015
By FxGrow Research & Analysis Team

EURAUD - breakout from the consolidation that lasted for three years

EURAUD on hourly interval approached to the resistance level at 1.6150. After his breakthrough nearest target will be 1.6585 which is a maximum of 24 August. The trend is upward (confirmed with the red line on the graph H1 and breakout from the consolidation on W1 chart). Any descent of pointed resistance should not be too deep because the bears will have to overcome several suport levels. Key support is at 1.5600.




Time-frame W1
Two weeks ago resistance that stopped move up for more than 2 years was broken. Long candle PIN BAR looks like fakey, but last week's candle confirmed the move up. August 24 the price has tested level which has not been since 2009 and return of the bulls to that level is a matter of time. After breakout the level 1.6585 next target will be at 1.7400.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Tue Sep 08, 2015 12:40 pm
FxGrow Daily Technical Analysis – 08th Sept, 2015
By FxGrow Research & Analysis Team

AUDJPY it's time for a rebound

In July and August AUDJPY moved in consolidation between the levels of 89.15 - 92.65. Break  below pointed minimum of 24 August triggered a sharp move down. On the same day AUDJPY started to rebound, which achieved 50% of last downward move. August 24th bottom at the level of 82.00 was tested again last Friday. Rebound can be weak and successful pressure of the bears on level 82.00 will move down to the next support of 79.50.

Alternatively, if the bears will not aggressively push this rebound may come to the last resistance level at 87.30 and only there return to the declines.



Time-frame H1

For two weeks AUDJPY is moving in a downward channel. The lower limit of the channel was tested on Friday and rebounded. Today AUDJPY broke above upper limit of the channel. If this break was fakey last minimums will be again under pressure of sellers.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Tue Sep 08, 2015 7:35 pm
FxGrow Daily Technical Analysis – 08th Sept, 2015
By FxGrow Research & Analysis Team

EURUSD prepare for long movement

EURUSD after a false breakout above the triangle on August 24 returned to its range. Currently, the volatility is very small which normally ends with a dynamic movement. Policy of central banks suggests that the move could be down. From the one hand we have the FED meeting and possible rate hike. On the other hand, the ECB, which is in the middle of the QE program trying to weaken the euro. Break below the last support should lead price to a lower limit of the triangle (that is 1.0780).



Time-frame M30
Since the week beginning EURUSD moves in a upward channel. Today price tested lower band of the channel, chich caused the rebound. Break below lower band of this channel will be the first signal of upcoming falls.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Wed Sep 09, 2015 12:03 pm
FxGrow Daily Technical Analysis – 09th Sept, 2015
By FxGrow Research & Analysis Team

GBPCAD waiting for test of fibo 50%

GBPCAD moves in an upward trend since 2013. Last two weeks were correction declines. Declines are very flat and even failed to reach fibo 50% of the last upward movement. This forces the behavior of skepticism about the further fast move up. Especially that GBPCAD reached levels which for many years make an important support or resistance. There are no signs of reversal the upward trend, but a correction or side movement at the moment are very likely. Fibo level of 50% 1.9550 may be tested in the near future. Today we can observe the dynamic movement due to the decision of the Bank of Canada on interest rates.



Time-frame H4
The nearest resistance WHERE price is already moving is at 2.0590. Support is at 2.0100. It is possibile that the price will test resistance and rebound to the support.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Wed Sep 09, 2015 6:56 pm
FxGrow Daily Technical Analysis – 09th Sept, 2015
By FxGrow Research & Analysis Team

EURCHF false-break from upward channel

Yesterday EURCHF has reached its highest level since 16 January. Bulls failed to stay over the resistance at 1.0960. There has been a rebound and return inside the upward channel. Price moves in a channel for a month and it is possible that now will move to the lower limit of that channel.

Right now, very important levels are 1.0960 and 1.0720. Their break will indicate the direction for some time. Currently, return to upward movement is more likely.



Time-frame M30

M30 time-frame looks more optimistic. After reaching new high there has been downward correction that stopped on the support near fibo 61,8%. EURCHF already may be after the correction and price will return to upward trend.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Thu Sep 10, 2015 12:13 pm
FxGrow Daily Technical Analysis – 10th Sept, 2015
By FxGrow Research & Analysis Team

GBPJPY - correction that lasted three months may be near the end

GBPJPY is moving in an upward trend since 2012. Last three months was a correction descent and the inability to reach a new high. Level 195.80 stopped move up and it is a historical resistance. Recent upward movement from April to June 2015 have been corrected for less than 78.6%. Rebound from support of 180.40 caused the move up which stopped at the first resistance 185.20. Break above that resistance will cause move to 195.00, where bulls will try to end current correction. Alternatively, if the GBPJPY break below support at the 180.40 price will fall to 175.00.



Time-frame H1

For a week GBPJPY moves in an upward channel. Currently, the lower limit of the channel is located at 184.50 and top of the channel 187.30. Breaking down the channel will signal that the price could soon retest the support at 180.40.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Thu Sep 10, 2015 7:07 pm
FxGrow Daily Technical Analysis – 10th Sept, 2015
By FxGrow Research & Analysis Team

AUDUSD came close to an important support
Wide view, time-frame W1

Since 2011 AUDUSD moves in a downward trend. At the daily time-frame we can determine channel, in which the price moves. At this moment nothing indicates the possibility of trend reversal, but it is already very close to important support at 0.6780. Rebound from this support can cause upward movement of about 800 pips. Alternatively, if bears proves to be stronger next resistance will be at 0.6010.




Time-frame H4
The downward channel is also on a smaller interval. Today AUDUSD broke above downward channel. Correction of last downward movement should reach a minimum to fibo 38.2% (level 0.7100). If bulls prove to be strong enough, then reaction event to 0.7230 will be possible. There is the nearest resistance and the fibo 61.8%.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Fri Sep 11, 2015 12:03 pm
FxGrow Daily Technical Analysis – 11th Sept, 2015
By FxGrow Research & Analysis Team

EURCAD time for a decision - up or down after reaching the September's top.

Wider view D1

EURCAD since April 2015 moves in upward channel. At the end of August we saw an unsuccessful attempt to broke above the Upper limit of the channel, which resulted in return to its lower band. Bulls started their purchases and there has been a rebound. After breakout strong resistance at 1.5560 has been tested. Price in the long term moves in a downward trend. 1998, 2008, 2014 highs, were followed by lower tops and lower lows.




Time-frame H1

On 28 August EURCAD moved in a side trend between support 1.4600 and resistance 1.5000. Since the beginning of September another resistance at 1.4920-1.4940 was formed, which today was broke from below. After breakout, the price has moved up about 50 pips where was stopped by even stronger resistance 1.5000. If this next resistance will be broken, the next targets will be in sequence 1.5200, 1.5430 and a peak of August 24 1.5560. However, if the bulls not be able to sustain upward movement and the price will return below 1.4940, the test of the March bottom on the level 1.4600 would be likely.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Fri Sep 11, 2015 6:49 pm
FxGrow Daily Technical Analysis – 11th Sept, 2015
By FxGrow Research & Analysis Team

GBPAUD  - waiting for exit from consolidation

Time-frame H1

Since the beginning of September GBPAUD moves in a side trend between resistance at 2.2100 and support 2.1670. Break above this resistance will lead price to 2.2400 which is the last top established on 24 August.  Alternatively break below this support will bring price around 2.1500 - 2.1450.




Wider view, time-frame D1

Since 2013 GBPAUD moves in an upward trend. Nearest strong resistance is around 2.2600 - 2.2800. But to get to that area bulls must break above the last high. Since April 2015 the price moves in the upward channel. Currently range of this channel is 2.1600 - 2.2500. Breaking one of these levels will set the future direction for a while.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Mon Sep 14, 2015 1:38 pm
FxGrow Daily Technical Analysis – 14th Sept, 2015
By FxGrow Research & Analysis Team

USDJPY breakout of the triangle will point the direction of move

Since 3 weeks USDJPY moves in a triangle, whose lower and upper band have been tested for two times. Correction which lasts for a month was abolished by 61.8% (so amounted to rebound after drop). This suggests that there is still more likely to continue correction than the end of it and return to move up. In the triangle we are slowly running out of space. If the market will react on that formation effective break out will point further movement.



Wider view D1

Since 2012 USDJPY is moving in an upward trend. At that time the price rose from 76 in January 2012 to 120.50 last Friday. At the level of the maximum of August, price was recently in 2002. For now  this resistance stopped further upward movement. On the other hand strong suport is on the level 116. Last time it was tested in 24 August. This support for almost a year does not allow price to fall.




Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Mon Sep 14, 2015 6:27 pm
FxGrow Daily Technical Analysis – 14th Sept, 2015
By FxGrow Research & Analysis Team

AUDCAD current rebound reached to fibo 50%

According to the analysis for the beginning of September the price has tested the support 0.9160 (from 2013). Support was target for the bears and for the bulls. The bears were closing short positions and the bulls were opening a long positions here. As a result, the weekly chart shows the strong bull candle, which stopped at the resistance. On the weekly chart, we can draw quite precisely the downward channel, in which the price moves for 1.5 years. At this moment bulls are trying to break above resistance at 0.9400. If it proves successful the level of 0.9740 will be the target of upward move.



At the time-frame H4 we can see smaller channel. An attempt of broke below has failed and today the bulls are trying to break above the channel's top. If the bulls succeeds the next resistance will be at 0.9480. However, the current level is a 50% Fibonacci retracement of last downward move and it may cause bears reaction.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Tue Sep 15, 2015 1:39 pm
FxGrow Daily Technical Analysis – 15th Sept, 2015
By FxGrow Research & Analysis Team

EURUSD - consolidation under the upper arm of the triangle

Time-frame H1

Since September 4 EURUSD moves in an upward channel. Last friday was break above the resistance at level 1.1305, but the bulls joy did not last long because already the next day the price back below resistance. In upcoming days it should be test the lower limit of the channel on 1.1270 and rebound. The target of the rebound will be the level 1.1370 which is the local maximum. High volatility on EURUSD is to be expected on Thursday, after the Fed's decision on interest rates.



Wider view - interval D1

Since the beginning of the year EURUSD moves in the triangle. In late of August there was an attend to break above the triangle, which ended with a fakey and price returned to the interior of the triangle. The last dynamic upward movement was ended on 24 August at the level of 1.1710. We saw a corrective decrease from that level, which stopped at the 88,6% Fibonacci retracement of last upward move. If the price will keep in area of the upper limit of the triangle it will increase the chance of successful break of resistance and move upward.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Tue Sep 15, 2015 5:27 pm
FxGrow Daily Technical Analysis – 15th Sept, 2015
By FxGrow Research & Analysis Team

GBPJPY - test of the rising trend line

After a period of much volatility in the last few days the movement of price is in the consolidation. The current support defending against falls is in the level of 184.20, and resistance that will stop further rise in the price level is 186.80. If the bears will break below pointed suport, the target of falls will be 180.40. Alternatively, break above of consolidation can bring the price  to 195.00.




Wider view D1

At the interval D1 GBPJPY is still moving in an upward trend and the trend line was tested last week. However if the bulls will show weakness, and led to the next level test September minimum break of the trend line could become a reality.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Wed Sep 16, 2015 1:39 pm
FxGrow Daily Technical Analysis – 16th Sept, 2015
By FxGrow Research & Analysis Team

EURGBP - weakened bulls and fundamentals confirm the possibility of falls

Since three weeks price moves in consolidation. Near resistance, which stops the upward movement is on 0.7400. Resistance was tested two times, so the third time also should be failed. The nearest support level is 0.7240, and its break below will cause the price movement to 0.7160. Last rebound from the support was not as strong as the previous one. This suggests that the bulls are weakening.



Wider view W1

Since 2013 EURGBP fall from 0.8765 to 0.7000 in August 2015. This year the falls slowed, from January price moves in the channel. Fundamentally, the euro should continue to weaken because of the divergent policies of central banks. The Bank of England is on the way to interest rate hike. While the European Central Bank is in the middle of monetary policy easing program. For this reason, we are now seeing rather sorth pause of falls than the beginning of a trend reversal.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Wed Sep 16, 2015 7:18 pm
FxGrow Daily Technical Analysis – 16th Sept, 2015
By FxGrow Research & Analysis Team

USDTRY - level 3.0000 may cause a correction?

An interesting situation on USDTRY (US dollar to Turkish lira). Price is in impressive upward trend since 2010. At the beginning of September level of 3.00000 was broke above and many investors became interested. Because since two years, there wasn't a bigger correction. For now, at such a strong uptrend short positions would be risky, but USDTRY is worth of attention.

The nearest resistance is at 3.07000. Close support is 3.00000, and after it has been broken below the next support level is on 2.90000. The second support also reinforces the 38,2% Fibonacci retracement of last upward move. However only break below the next support which means fall below the 2.80000 will be a warning of USDTRY deeper correction. The last pointed level is also the 61,8% Fibonacci retracement of last upward move.

Time-frame H4



Time-frame W1



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Fri Sep 18, 2015 3:03 pm
FxGrow Daily Technical Analysis – 18th Sept, 2015
By FxGrow Research & Analysis Team

GBPCAD - the bulls are not giving up

Since beginning of August GBPCAD move up 500 pips from the bottom and it is moving in the upward channel. On Thursday upward movement was stopped on the resistance 2.0530. However bulls could break it soon. Upward movement may take place in the channel and bring the price to the August high on 2.0900. Alternatively, if the move up are not continued the supports for the bulls will be at the levels 2.0260 and 2.0030.



Wider view, interval monthly

Since 2013  GBPCAD moves in upward trend. The next resistance were broke by bulls with success. Last month, the price reached to the next significant resistance at 2.0900 and on the monthly chart appeared downward candle with a long upper shadow. Bulls are not surrending, and after almost three weeks of September recovered half of August candle. Too fast attempt to break through this resistance may end with deeper correction. So the best thing that bulls may do is to wait on the consolidation below the resistance.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Fri Sep 18, 2015 3:08 pm
FxGrow Daily Technical Analysis – 18th Sept, 2015
By FxGrow Research & Analysis Team

AUDJPY in consolidation, nearest resistance could be a chance for a short

After August decreases – which culminated on August 24th – price finally rebounded. Rebound reached 50% Fibonacci retracement of last downward move, then AUDJPY returned to falls. That bottom at 82.10 with an accuracy of 2 pips confirmed its strength as a support. Price approached the resistance of the last 3 weeks. If bears takes the initiative near 87.25  the further test of August's minimum will be possible. However if an attack on the resistance succeeds the next resistances will be on 89.40, 92.40.




Wider view, time-frame W1

In the long term since mid-2009 AUDJPY moves between levels 72 - 104. Last year after getting closer to the upper limit of this range falls occurred. Since then the price moves in a downward channel, the lower limit has been tested in early September. If the bears will take the control now a bottom of 2015 can be deepened. Alternatively, if the bulls shows strength upward move can reach 92.00 in the long term.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Fri Sep 18, 2015 7:15 pm
FxGrow Daily Technical Analysis – 18th Sept, 2015
By FxGrow Research & Analysis Team

NZDUSD - Bulls on the offensive, the target of upward movement is 0.6700

Thursday's Fed meeting turned out to be very negative for the dollar bulls. At NZDUSD shortly after the FED's decision followed attempt of break above resistance at the level 0.6400. The attempt proved to be false and the price returned creating a false breakout on the chart. The dollar weakened today to the main currencies EURUSD has exceeded 1.1400, GBPUSD went over 1.5600. Also on NZDUSD bulls decided to try attacking again on yesterday's resistance. At this moment, the resistance has been broken above and we should see upward move to 0.6500 level, and this area should appear of correction. When it appears it could bring price to re-test of resistance at 0.6400, a level which has now become the new support. If level 0.65 will be also break above, it will open the road to a level 0.6700, which should stop upward movement for a longer time.

Wider perspective

Since the middle of 2014 NZDUSD is in a downward trend therefore the current rally still should be regarded as a rebound.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Mon Sep 21, 2015 5:17 pm
FxGrow Daily Technical Analysis – 21st Sept, 2015
By FxGrow Research & Analysis Team

EURAUD - breakout from the consolidation will indicate the direction of movement

Since last week EURAUD can't go away from the level of 1.5770. The downward movement stops at support 1.5660, and move up stops at resistance 1.5940. Dynamic upward candle, which took place on Thursday after the Fed decision also does not help with consolidation breakout. If break below that consolidation will be successfully next support on 1.5600 has a chance to cause a rebound. On the other hand, the break above resistance 1.5940 will take price first to 1.6160 and next to 1.6600.



Wider view, interval W1
At weekly interval we can indicate another significant levels. After breaking down the 1.5600 level, the downward movement may reduce price to 1.3800. But break above the level 1.6600 will bring the price to 1.7400.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Mon Sep 21, 2015 6:43 pm
FxGrow Daily Technical Analysis – 21st Sept, 2015
By FxGrow Research & Analysis Team

USDJPY waiting for the triangle breakout

Since one month USDJPY moves in the triangle formation. Its range of movement is clearly slowing down. Therefore, the breakout of the triangle in one direction will bring dynamic movement. Currently, the lower arm of the triangle is 119.20, and the upper arm 120.90. If the lower arm of the triangle breaks below, downward movement will lead price to 118.30. If that support also will not stop the falls the next target of downward move is the August minimum at 116.10.

However, if bulls break above the upper arm of the triangle the next levels of resistance will be located at 122.00 and 125.20. Successfull break above that levels will confirm that the correction on USDJPY has now been completed and the price goes back to the uptrend.




Wider view, interval W1
Since 2011 USDJPY moves in upward trend. At this time bears failed to correct upward movement even on the smallest Fibonacci level of 23.6%. If falls finally comes, level 114.00 which is 23.6% fibo will be the first target.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Tue Sep 22, 2015 1:52 pm
FxGrow Daily Technical Analysis – 22nd Sept, 2015
By FxGrow Research & Analysis Team

EURUSD rebound from the resistance, target of falls 1.1090

Last Thursday EURUSD has reached to 1.1460 and that level cause rebound. The first support, which could stop the descent was the level of 1.1214 but bears broke below it. Another support which price is aiming is around 1.1145 - 1.1135. If the price reaches to that area and it will be breaking the next target of falls will be 1.1090. Since Thursday EURUSD also moves in a steep downward channel which reflects well on the strength of bears.



Wider view, interval D1
In 2015 EURUSD moves in the consolidation between the levels 1.1460 - 1.0460. Indicated top was a false break only for a while in August. And indicated bottom has been tested only once in March and in the following months the price stopped already at higher levels. The last important support is 1.0815.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Tue Sep 22, 2015 8:41 pm
FxGrow Daily Technical Analysis – 22nd Sept, 2015
By FxGrow Research & Analysis Team

USDCAD – false break of consolidation lower limit

An interesting situation in the USDCAD. For a month price moved in the consolidation between resistance 1.3320 and support 1.3130. Last Friday there was an attempt to break below the support that lead the price to the level 1.3010. On that support bulls returned to the game. On the daily chart a long lower shadow appeared and USDCAD returned to the consolidation range. Currently, the price is moving to the upper limit of consolidation on the level 1.3320.

It is worth to note, that the USDCAD moves in a long-term uptrend, and often false breakout from the consolidation in  one direction ends with a proper breakout in the opposite direction. If such situation will take place it will follow the main trend. A minimum target of upward movement is a level 1.3800.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Wed Sep 23, 2015 10:56 pm
FxGrow Daily Technical Analysis – 23rd Sept, 2015
By FxGrow Research & Analysis Team

AUDNZD - a trend reversal or just a corrective rebound?

Since 4 months AUDNZD moves in a consolidation between 1.0900 and 1.1430. On August 24 there was a dynamic upward movement. Within a 30 minutes candle price moves up and fall about 900 pips.  Since then the price has reduced the range of its movement. Right now it moves in the consolidation between 1.0900 and 1.1340. AUDNZD now rebounded from the resistance at the indicated level and is heading 1.0900.



Wider view, interval W1

Since 5 years AUDNZD moves in a downward trend but the minimum, which took place at the beginning of April this year, begins to indicate a possibility of trend reversal. Direction of breakout from flag will be very important. Flag is a pattern of trend continuation and it should be break above. Break above will give a chance even to trend reversal. However, if the flag breaks below, then this whole movement will take the form of a rebound and AUD/NZD will come back to the main trend (the downward one).



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Mon Sep 28, 2015 12:20 pm
FxGrow Daily Technical Analysis – 28th Sept, 2015
By FxGrow Research & Analysis Team

EURGBP - the appropriate breakout of the triangle up

On September 21 was a break below the triangle. However  already the first support on 0.7200 mobilized bulls to buy and on next day there was a return to inside the triangle. Using the situation that on chart is formation fakey (false breakout) the bulls were attempted broke above the triangle. It was successful. Upward movement has been stopped at 0.7400 and currently the price is moving between the triangle and resistance. If break above the level 0.7400 will be successful the next target of upward movement is 0.7480. However, if bulls show the weakness the price should return to inside the triangle again.




Wider view, interval W1
Since 2009 EURGBP moves in a downtrend. In this time price has fallen from 0.9800 to 0.6940. Currently rebound is in progress and move up abolished only 23.6% of the last downward movement. Level 0.7650 could be tested which is 38.2% fibo. Earlier, the bulls will have to deal with some resistance: 0.7480, 0.7550, 0.7590. The strongest of the indicated resistance will be 0.7550, which marks the downward trendline.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Mon Sep 28, 2015 7:15 pm
FxGrow Daily Technical Analysis – 28th Sept, 2015
By FxGrow Research & Analysis Team

USDJPY – fake triangle breakout

Last Friday the price broke above upper arm of the triangle and investors expected further upward movement that are consistent with the long-term trend in USDJPY. That's not happened, and even the first week resistance had stopped upward move and activate downward rebound. On Friday, the bulls tried to rebound from the upper limit of the triangle (at the chart it would confirm the successfully breakout). However today bears have taken control and USDJPY moved back to the center of the triangle reaching the level of 120.00.

A similar situation occurred today on EURGBP, where such a false breakout resulted in a proper breakout in the opposite direction. It is not excluded that same exact scenario will be seen on USDJPY. Currently, we should observe in which direction the proper breakout will go. If above, the next resistances are at 121.20 and 122.00. If below, the next supports are at levels: 119.10, 118.50, 116.20.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Tue Nov 03, 2015 2:04 pm
FxGrow Daily Technical Analysis – 03rd Nov, 2015
By FxGrow Research & Analysis Team

AUDUSD tests the upper limit of the downward channel

Today there was a test of the upper limit of the downward channel. Since October 12 the channel is forming, when an attack on the resistance level of 0.7370 has failed. At the moment there should be some attempts to keep the price near level 0.7200. And next an approach to break above the upper limit of the channel. If that attack succeeds the near resistances will be located at levels 0.7290, 0.7370. If the bulls show a weakness, price will move toward the lower limit of the downward channel. The next supports can be found at levels: 0.7110, 0.7070, 0.7030, 0.6940.




Wider view, time-frame W1

At weekly intervals price also moves in a downward channel. Price is "stuck" to the upper limit. On AUDUSD we see a valid downward trend and only break above the level of 0.8100 will give a real chance to reverse current momentum. Now a movement towards the YTD lows at 0.6900 are more likely.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Tue Nov 03, 2015 7:13 pm
FxGrow Daily Technical Analysis – 03rd Nov, 2015
By FxGrow Research & Analysis Team

USDJPY - correction may be already finished

Previous analysis of October 26 proved to be extremely profitable. In one day, the price reached the indicated level, giving a profit of over 800 pips. In analysis entitled "correction uptrend rally" I wrote: "Currently falls should reach at least around 120.00 - 120.30, there is a basic fibo level 38.2%."

After reaching the indicated retracement, price began upward movement, which tested October high. At the moment everything depends on constans breaking the resistance at 121.45. If it succeeds, USDJPY will return to the main trend and the upward movement will be continued. The next targets will be at the levels: 122.00, 123.00, 124.50, 125.20. Alternatively, if there were declines and the price went down below 120.00, targets for bears would be the levels of 119.60, 119.15, 118.20.



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Wed Nov 04, 2015 1:38 pm
FxGrow Daily Technical Analysis – 04th Nov, 2015
By FxGrow Research & Analysis Team

EURGBP moves towards 0.6940

In the previous analysis, I wrote: "If support at 0.7200 has been permanently broken the goal of falls will be the level of 0.6940. Along the way supply will have to deal with supports: 0.7165, 0.7090, 0.7035". And so it happened since February 2015 EURGBP moves in consolidation between the levels 0.7480 - 0.6940. After testing the upper limit of this consolidation in mid-October now falls should reach to the lower limit. The nearest support is at 0.7040. If there was a rebound it should be stopped at the level of 0.7165. There is a downward trend line and the nearest major resistance.

Time-frame H4:



Time-frame D1:



Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Wed Nov 04, 2015 5:47 pm
FxGrow Daily Technical Analysis – 04th Nov, 2015
By FxGrow Research & Analysis Team

EURUSD 3-months low

Since October 15 the price moves in a dynamic downward trend. In the less than three weeks EURUSD made a downward movement over 600 pips. After breaking below the support at level 0.1080 price returned to this level. That move only confirmed that the indicated level has now become resistance and downward movement continues. Currently there is only a matter of time, when support will be tested at level 1.0810.

Because the current downward movement hasn't been corrected yet, so it is very likely that price will rebound there. Rebound will be able to reach 1.1080, which is a significant resistance and will be strengthened by 38.2% fibo level. If the downward movement will break below indicated support, next declines targets are on levels: 1.0715, 1.0660, 1.0520, 1.0460.



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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