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Broj poruka : 488
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Wed Jun 14, 2017 5:32 pm
FxGrow Daily Technical Analysis – 14th June, 2017
By FxGrow Research & Analysis Team

FOMC: Fundamental and Technical Overview


Markets is anticipating a definite rate hike with an additional 0.25% to current 1.00%.  Currently, odds are at 100%, confirmed by major sources. In case FOMC delivered a rate increase, the question that follows is how will the FOMC's statement  address Inflation and balance sheet.

Job sector is out performing recently but inflation last reported in April shows 2.2%, still on gradual decline last reported on Feb 2017 at 2.7%, not stable at 2% target as U.S Fed sees ultimate.

Beside (Inflation??), Yellen will have to answer for $4.5 trillion balance sheet supporting US Reserve needs with a surplus, far from market requirement. In case the statement kept asset purchasing without a reduction or setting a specific date, this could send a negative shock to market that could limit U.S Dollar gains

Another matter still revolves in mind, Yellen promised three rate hikes for 2017. Once was delivered on March, second is expected ...

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 : 488
Date of Entry : 2015-08-18
View user profilehttp://bit.ly/2mi2Tih

Re: Daily Technical Analysis by FxGrow

on Thu Jun 15, 2017 11:07 am
FxGrow Daily Technical Analysis – 15th June, 2017
By FxGrow Research & Analysis Team

GBP/USD: Fundamentals and Technical Ahead of BOE Decision


GBP/USD inaugurated Thursday's trading session with further declines at 1.2723 low after peeking yesterday 1.2817 high as the greenback recouped yesterday's losses with 97.13 high for today after U.S Fed delivered market expectations for 0.25% rate hike. Currently the pair is trading 1.2734 intraday, below 50-EMA daily at 1.2790, with expectation for further declines as U.S Index pushes higher.
There are many fundamentals for GBP today that will contribute with bull and bear forces.

First, BOE Interest Rates decision today at 11:00 AM GMT, with a definite expectation that BOE will keep rates at current 0.25% due to coming Brexit negotiations, disappointing last week election, Conservatives losing majority in Parliament, yesterday's weaker Average Earnings at 2.1%, last but not least, during last BOE statement after rates were kept untouched, BOE ditched changing rates for late 2019.Logically, when Central Banks keeps rates unchanged, a currency should witness some decline but ...


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 : 488
Date of Entry : 2015-08-18
View user profilehttp://bit.ly/2mi2Tih

Re: Daily Technical Analysis by FxGrow

on Thu Jun 15, 2017 2:28 pm
FxGrow Daily Technical Analysis – 15th June, 2017
By FxGrow Research & Analysis Team

Gold Downtrend To Be Confirmed Today, Eyes on U.S data


Gold peeked yesterday to 1281.13 after disappointing multiple inflation U.S key figures that decreased Sept Fed hike odds down to 38% after being at  54%. After that, eyes were centered at FOMC meeting yesterday with high anticipation for a definite rate increase with 0.25%, followed by a statement by Yellen which turned hawkish more than expectations. As a result, U.S Index was strengthening, adding pressure on gold, pushing the precious metal downward with almost -$21 (1257.16 low) before closing the session.

Currently gold is trading 1255.49, after plunging to 1253 low (S1), below 50-EMA daily at 1259 which is 100% confirmation for ...


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 : 488
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Fri Jun 16, 2017 9:26 am
FxGrow Daily Technical Analysis – 16th June, 2017
By FxGrow Research & Analysis Team

USD/JPY Testing 50-EMA Ahead of BOJ Statement


As expected, BOJ has maintained Interest Rates at current -0.1% with 44-pips price action movement for Friday trading session. USD/JPY rallied to to 111.27 high, currently trading 111.15, flirting with 50-EMA at 111.19. Currently, U.S Index is still pushing higher with 97.54 June record high, giving bull hand to USD/JPY with expectations for further incline for the pair.

The pair still awaits BOJ's press conference shortly and market will have to wait for Gov. Kuroda statement with expectation for more ...

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 : 488
Date of Entry : 2015-08-18
View user profilehttp://bit.ly/2mi2Tih

Re: Daily Technical Analysis by FxGrow

on Fri Jun 16, 2017 10:33 am
FxGrow Daily Technical Analysis – 16th June, 2017
By FxGrow Research & Analysis Team

EUR/USD Inches Higher Ahead of Local Data


EUR/USD lost 96-pips value yesterday after plunging to 1.1132. Still the pair pressured by recovering U.S Dollar with 97.54 June record after hawkish FOMC meeting on Wednesday. Currently the pair is trading 1.1156 intraday, still below its 20-EMA at 1.1170. Overall, signs of bearish momentum revolves for EUR/USD taking into consideration boosted U.S Dollar with June hike, but EURO awaits local data shortly, which can give some solid ground to re-climb the 1.1200 again, still market has to see how ...

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 : 488
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Mon Jun 19, 2017 12:12 pm
FxGrow Daily Technical Analysis – 19th June, 2017
By FxGrow Research & Analysis Team

EUR/USD Under Pressure By Recovering U.S Dollar


EUR/USD inaugurated Monday's trading session with 26-pips loss and 1.1182 low. Currently, U.S Dollar is showing signs of recovery, inching higher with 97.24 high for today.

Technically, the pair is still trading above 20-EMA at 1.1175 which keeps the market in an uptrend destination. Closing above 1.1200 level, suggests for more attacks and the pair will test R1 at 1.1228, then 1.1252. On the other hand, if EUR/USD closed below 20-EMA, expectations for a correction phase within Friday's range at 1.1130+.

Fundamentally, Macron's victory for French Parliament should give a boost for the pair and keeping the ...


For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
Broj poruka : 488
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Tue Jun 20, 2017 9:27 am
FxGrow Daily Technical Analysis – 20th June, 2017
By FxGrow Research & Analysis Team

GBP/USD Retreats Over Hawkish FOMC Statements, Awaiting Carney


The cable is showing some minor recovery from yesterday's sharp dips, pulling GBP/USD to 1.2723 low after peeking 1.2814. The pair managed to touch its 20-EMA at 1.2815, but as FOMC members Dudley, then Evans crossed wires with a hawkish tone, the buck was getting ultra positive attention with U.S Index peeking to 97.54 high yesterday, disrupting GBP/USD from further gains. Currently, GBP/USD is trading 1.2745 intraday.

Greenback, still yet to receive additional boost today as two FOMC members (Fischer & Kaplan) will cross wires again today as both members will be consistent (Hawkish tone) with U.S Fed gangs, which will keep the cable under pressure.

Carney, BOE's Gov. will make an appearance too on behalf on Sterling, still no ...


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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.
Broj poruka : 488
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Tue Jun 20, 2017 11:20 am
FxGrow Daily Technical Analysis – 20th June, 2017
By FxGrow Research & Analysis Team

Gold In A Correction Phase, Still The Downside Persists


Gold extended the bearish momentum for the 10th consecutive session shedding -$12.70 yesterday and 1243 low for yesterday. First, Gold bumped into support at 1247 with RSI indicating an oversold market, as a result, gold managed to make a correction at 1253, but as FOMC members Dudley and Evans crossed wires with an additional hawkish stance, gold was sold aggressively pushing the precious metal into second support at 1242 despite that RSI (H1) indicated an oversold market at 20 level.

Currently, gold is on a correction phase trading 1247, with a possibility for further additional correction mode at 1249 as RSI re-balances to 50 level (H1), which will give a signal for market to continue ...


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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.
Broj poruka : 488
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Wed Jun 21, 2017 7:45 am
FxGrow Daily Technical Analysis – 21st June, 2017
By FxGrow Research & Analysis Team

Sterling: Expectation For Additional Dips Ahead of Local Data


GBP/USD remains under threat after hung Parliament election. The pair awaited yesterday for a hawkish stance by BOE Carney, but as the Gov. terminated the possibility of potential rate hikes, the cable dropped pressure with 155-pips yesterday landing on 1.2603 low. on the other hand, PM May latest news indicates that Conservatives have failed to reach out to DUP Party with a deal to control Parliament seats majority ahead of spiky Brexit negotiations which adds more pressure on Pound.

Sterling awaits local Sector Net Borrowing data, followed by Haldane speech this after noon, but the above ...

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 : 488
Points : 1207
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Wed Jun 21, 2017 2:18 pm
FxGrow Daily Technical Analysis – 21st June, 2017
By FxGrow Research & Analysis Team

Oil Glut Still Overwhelms Market With Fear Ahead Of U.S Inventories


Crude oil prices has been on a gradual decline since 25th of May with $9.00 loss and $42.93 low yesterday. Despite OPEC and Non-OPEC reports showing a high level of compliance during May estimated at 108%, fear of global oversupply still overwhelms the market, pushing oil prices lower.

Libya's oil production rose more than 50,000 bpd to 885,000 bpd after the state oil company settled a dispute with Germany's Wintershall.Nigerian oil supply is also ...

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 : 488
Points : 1207
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Thu Jun 22, 2017 9:18 am
FxGrow Daily Technical Analysis – 22nd June, 2017
By FxGrow Research & Analysis Team

EUR/USD Revives The Bullish Trend Ahead of U.S Data


EUR/USD plunged yesterday to 1.1127 low but managed to make a reverse course with a daily bullish candle at 1.1169 high. Today, the pair clocked a newer high at 1.1177 with expectations for further pip-gains as the greenback trading pale with 97.05 low.

Fundamentally, U.S Dollar was receiving a lifting hand by FOMC members, crossing wires extending hawkish stance ever since U.S Feds hiked a 0.25% interest rates for desperate measures knowing that current Trump policy and it's negative impact on the buck will limit the Index from normal gains. EUR/USD awaits U.S Unemployment Claims today ...

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 : 488
Points : 1207
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Thu Jun 22, 2017 12:19 pm
FxGrow Daily Technical Analysis – 22nd June, 2017
By FxGrow Research & Analysis Team

USD/CAD Testing 100-EMA Ahead of Candian Retails Sales


USD/CAD has been testing 100-EMA at 1.3340 for the second consecutive session. Yesterday, the pair rallied +84-pips with 1.3347 high and today, market is showing low price action with only 21-pips as price action. Currently USD/CAD is trading 1.3317 as U.S Index continues to show weakness.

On the other hand, crude oil levels dropping to 10 months lows kept the loonie under pressure with failure to extend gains. Add to that, NAFTA terms re-negotiations still weigh on Canadian economy with no recent updates or ...

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 : 488
Points : 1207
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Thu Jun 22, 2017 2:25 pm
FxGrow Daily Technical Analysis – 22nd June, 2017
By FxGrow Research & Analysis Team

Gold Downtrend Still Persists With Rejection for 1240 level, Eyes on U.S Data


Gold showed immunity against 1240 level with a rejection for penetration during this weekly trading session. Yesterday, a positive U.S Existing Home Sales was released, yet gold rallied and extended gains today with 1254.85 high, still to be considered a correction phase after last week's sharp declines.

Today, gold's bearish momentum will be tested further more, with expectations for intense volatility as U.S releases Unemployment Claims data. Any further rejection for 1240 is an indication for further correction phase and potential of bullish momentum build up. On the other hand, if U.S data we negative, gold will receive an extra lifting hand supported by today's rallies and closing above 1265, 100% for bullish momentum.

In case the data was negative and 1241 support level failed, market should look into further dips with a destination for 1237, then 1230.

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 : 488
Points : 1207
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Fri Jun 23, 2017 9:09 am
FxGrow Daily Technical Analysis – 23rd June, 2017
By FxGrow Research & Analysis Team

EUR/USD Pushes Higher As Buck Reaches Lower, Eyes on Local Data


EUR/USD guarded 1.1100 level successfully during this weekly trading session with 1.1118 lowest on Tuesday and 1.1212 highest on Monday. Currently the pair is trading 1.1164 with 23-price action and testing 20-EMA at 1.1167.

As macro-economics, the EURO awaits major data with absence for U.S Dollar events on Friday, which gives advantage for EURO facing its greenback rival. U.S Dollar continues to show weakness as the Index is currently trading at ...


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 : 488
Points : 1207
Date of Entry : 2015-08-18
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Re: Daily Technical Analysis by FxGrow

on Mon Jun 26, 2017 9:22 am
FxGrow Daily Technical Analysis – 23rd June, 2017
By FxGrow Research & Analysis Team

EUR/USD Flirts With 1.1200 Ahead German Ifo Report


EUR/USD opened Monday's trading session bouncing off 1.1190 support area testing with 1.1189 low, and failed with to extend further gains beyond 1.1200 level, only by +1-pip (1.1201 high). Technically the pair is still trading above 10-EMA level and last week, the pair dips were fighting 1.1130 support area with failure to break, sustaining the bullish momentum and keeping potential for further rallies aimed at 1.1200+ area.

On the other hand, the buck continues to show weakness supported by negative Services and Manufacturing PMI last reported on Friday and wallowing Trump's administration performance pulling U.S Index to 96.84 low and pushing EURO ...


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 : 488
Points : 1207
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Technical Analysis by FxGrow

on Mon Jun 26, 2017 9:50 am
FxGrow Daily Technical Analysis – 26th June, 2017
By FxGrow Research & Analysis Team

EUR/USD Flirts With 1.1200 Ahead German Ifo Report


EUR/USD opened Monday's trading session bouncing off 1.1190 support area testing with 1.1189 low, and failed with to extend further gains beyond 1.1200 level, only by +1-pip (1.1201 high). Technically the pair is still trading above 10-EMA level and last week, the pair dips were fighting 1.1130 support area with failure to break, sustaining the bullish momentum and keeping potential for further rallies aimed at 1.1200+ area.

On the other hand, the buck continues to show weakness supported by negative Services and Manufacturing PMI last reported on Friday and wallowing Trump's administration performance pulling U.S Index to 96.84 low and pushing EURO ...


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 : 488
Points : 1207
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Technical Analysis by FxGrow

on Wed Jun 28, 2017 1:36 pm
FxGrow Daily Technical Analysis – 28th June, 2017
By FxGrow Research & Analysis Team

GBP/USD Rallies Supported by Positive Fundamental, Awaiting Carney


After a disappointing UK Parliament Elections with sharp decline for GBP/USD, the pair found some positive fundamentals supporting Sterling sharp tone facing collapsing U.S Dollar. GBP/USD recorded +144-pips price action with 1.2860 high and closing at 1.2813, above 50-EMA (1.2777) which confirms a bullish momentum. Today, the cable plunged to 1.279 low after clocking 1.2827 high, currently trading at 1.2816 with expectations for more volatility taking into consideration sharp declines ...


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 : 488
Points : 1207
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Technical Analysis by FxGrow

on Wed Jun 28, 2017 2:02 pm
FxGrow Daily Technical Analysis – 28th June, 2017
By FxGrow Research & Analysis Team

Crude Oil Technical Overview Ahead of U.S Inventories


Overall the market is bearish, but fighting to hold the 42.20- target. The trade posture remains negative and a drop through 42.53 is negative, rekindling bearish trade. A close under 42.20 alerts for a wash under 40.00-. Stay prepared for additional corrections, but rallies contained under 45.08* will retain bear forces. A close over 45.08* stops the selloff. A close over 4658* signals a ...

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 : 488
Points : 1207
Date of Entry : 2015-08-18
Godina : 36
View user profilehttp://bit.ly/2mi2Tih

Re: Daily Technical Analysis by FxGrow

on Wed Jun 28, 2017 2:42 pm
FxGrow Daily Technical Analysis – 28th June, 2017
By FxGrow Research & Analysis Team

Gold Technical Overview Ahead of Central Banks Speeches


Currently, gold favors sideways trading, stuck between 1240 & 1250 as the precious awaits further signals from U.S Index movements. Expectations for high volatility as ECB, BOE, BOC, and BOJ's Govs.address markerts today at 1:30 PM GMT. A more pressure on U.S Index will boost gold current advance. On the other hand, in case the buck managed to make a correction upward, expectations that gold will extend the ...

For more in depth Research & Analysis please visit FxGrow.

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








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Broj poruka : 488
Points : 1207
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Technical Analysis by FxGrow

on Fri Jun 30, 2017 11:14 am
FxGrow Daily Technical Analysis – 30th June, 2017
By FxGrow Research & Analysis Team

EUR/USD Still Invading 2016 Highs Ahead Of Local Data


EUR/USD, a shooting star through out the week, regaining 276-pips price action and 1.1145 high, both for yesterday and today so far. The pair is still boosted by Draghi's hawkish comments and yesterday's positive German CPI. Today, the pair awaits data both from EU and U.S which will give a better outlook how market will react by additional clawing on the rising trend or take a correction consolidation session, a break can be considered an easing before another bullish storm. On the other hand, U.S Index still prolongs cents losses with 2017 new low record at 95.20, giving room for EUR/USD to march forward.

Technically, the pair has surpassed the RSI 70 level (overbought) and the U.S Index touched RSI 30 level, closing to an ...

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 : 488
Points : 1207
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Technical Analysis by FxGrow

on Fri Jun 30, 2017 11:45 am
FxGrow Daily Technical Analysis – 30th June, 2017
By FxGrow Research & Analysis Team

GBP/USD Technical Overview Ahead of UK & U.S Data


GBP/USD extended the rising trend with +15-pips addition to yesterday's high 1.3015. The Cable is still boosted by positive recent fundamentals with Carney's hawkish tilts taking center stage. The pair awaits major data both from UK & U.S with expectations of high price action. Currently the pair is trading 1.2990 intraday. 

Traders should expect a correction phase for GBP/USD taking into consideration that U.S Index RSI has ...

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 : 488
Points : 1207
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Technical Analysis by FxGrow

on Fri Jun 30, 2017 2:50 pm
FxGrow Daily Technical Analysis – 30th June, 2017
By FxGrow Research & Analysis Team

Gold Remains Bearish Despite U.S Dollar Sharp Declines, Eyes On U.S Data


Gold showed a minor reaction yesterday to positive U.S GDP dropping to 1239.81 low and bouncing off, confused (Sideways) between 1247 and 1242, still the precious metal testing the 1240 area with rejection. On the other hand, with the sharp declines for greenback plunging today 95.20 low, yet gold fails to take advantage of pale U.S Index, refusing to advance as other currencies did yesterday.

Fundamentally, markets could be awaiting further data from U.S data to complete the key multi inflation figures with PCE and Personal Spending taking center stage. U.S Data today along with ...

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 : 488
Points : 1207
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Technical Analysis by FxGrow

on Mon Jul 03, 2017 8:43 am
FxGrow Daily Technical Analysis – 03rd July, 2017
By FxGrow Research & Analysis Team

EUR/USD Taking A break Before Further Advance, Eyes on Local Data


After a superb run for EUR/USD last week with 1.1445 high with technical indicators shows an over bought market, the pair showed a daily bearish candle on Friday and extended the correction phase on Monday's trading session with 1.1403 low, On the other hand, U.S Index is currently showing a minor recovery with 95.55 high tackling EUR/USD from further advance. Currently the pair is trading 1.1408 intraday, still above 10-EMA at 1.1360.

Fundamentally, the pair awaits Manufacturing PMI, both from EU first, followed by U.S in after noon which should impact EUR/USD levels.


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 : 488
Points : 1207
Date of Entry : 2015-08-18
Godina : 36
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Re: Daily Technical Analysis by FxGrow

on Tue Jul 04, 2017 10:16 am
FxGrow Daily Technical Analysis – 04th July, 2017
By FxGrow Research & Analysis Team

GBP/USD Retesting Bullish Momentum Ahead of Construction PMI


GBP/USD received a hit yesterday with negative with UK manufacturing PMI causing the cable 90-pips loss 1.2932 low. On the other hand, greenback extended recovery session today, boosted by positive data yesterday with a 96.04 high, add more pressure on the cable. Technically, the pair is still in uptrend phase trading above 10-EMA at 1.2880. GBP/USD is currently trading 1.2940 intraday.

Fundamentally, the pair awaits UK Construction PMI with absence of U.S Data today due to 4th of July holiday. The data will re-test GBP/USD bullish trend depending on the ...

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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 Jul 06, 2017 8:12 am
FxGrow Daily Technical Analysis – 06th July, 2017
By FxGrow Research & Analysis Team

EUR/USD Still Testing 10-EMA Ahead of ECB Meeting


EUR/USD bullish momentum survived yesterday’s FOMC meeting as the U.S Index spikes were contaminated with 96.24 high as market expected more attacks due to previous hawkish U.S Fed statement, but instead a lesser was given by Yellen Yesterday.

The pair clocked 1.1368 high yesterday and 1.11325 low for today, still testing 10-EMA area at 1.1320 with 25-pips price action for today with expectations for more volatility as EU releases German Factory Orders, but the focus will be on ECB statement today.

Last appearances for Mr. Draghi were hawkish, stressing an intolerance for rising inflation in the EU and the ECB could taper with rates. ECB statement today, if it is consistent with Draghi’s last speeches, will fuel EUR/USD ...

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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 Jul 06, 2017 2:41 pm
FxGrow Daily Technical Analysis – 06th July, 2017
By FxGrow Research & Analysis Team

Crude Oil Recovers Over Disappointing API Report, Awaiting U.S Inventories


Crude oil plunged yesterday at $44.52 low after clocking a monthly high on Tuesday $47.30 bp. Reports (Reuters) showed that exports by OPEC counties has surged during pushing oil prices lower.

American Petroleum Institute (API) on Wednesday showed U.S. crude inventories fell more sharply than expected, down 5.8 million barrels in the week to June 30, against expectations for a draw of 2.3 million barrels (Reuters), pushing back oil levels at ...

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 Jul 07, 2017 1:57 pm
FxGrow Daily Technical Analysis – 07th July, 2017
By FxGrow Research & Analysis Team

Market Futures Technical Overview Ahead of Non-Farm Figure


Friday 7th July 2017, U.S is set to release major economic data. First, Unemployment Rate is doing far by good during the past years and it's highly expected to remain at 4.3% record. As for Average Hourly Earnings, last report booked 0.2% and expectations today are 0.3%. Any number between these two will be taken as a positive sign, but in case market was caught off guard with a lesser figure, this could be a game changer as Average Earnings, along with negative data released on June 4th.

As a result, NFP will take center stage today and expectations are at 175K and above, in case of a lesser number, then the buck will receive another punch pushing the U.S Index lower which could come in Trump's economic outlook favor.

SEP B-POUND

Current Price: 13000

Target: 13092

Resistance: 13040+, 13092

Support: 12930, 12891*

Trend Reversal Point: 1.2802

Trend: Upwards

Summary: The market remains in a short term bull advance with potential to attack the 13092 May high. A surge over Monday's high should fuel rallies near 13092. Be prepared for additional near term corrections, but narrow sideways congestion within the upper edges of last Wednesday's run over 12891*+ will keep bull forces. A close under 12891* is needed to stop the upturn and foster a correction down along 12802*.
 
SEP CANADIAN$

Currently:  77245

Target: None

Resistance: 7750?, 8000

Support: 7688, 7661, 76435*

Trend Reversal:  75.985

Trend: Up

Comment The market is bullish. A close over 7727 could fuel aggressive rallies towards 8000. A reluctance to extend past Wednesday's high today will caution for near term corrections into next week. A close under 76435* warns for a correction phase back through last week's run.

SEP EURO

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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 Tue Jul 11, 2017 12:10 pm
FxGrow Daily Technical Analysis – 11th July, 2017
By FxGrow Research & Analysis Team

EUR/USD In Search For Positive Fundamental To Press Forward


EUR/USD has entered the second consolidation session this week with 1.1381 low and 1.1418 high yesterday, so far the pair traded 18-pips today, with expectations to stay within yesterdays trading range. Currently the pair is trading 1.1395 intraday with daily RSI at 60 level and hourly RSI at 50 level, which gives EUR/USD the chance to score stingy pips aimed at 1.1420, 1.1445 resistance levels. On the other hand, the greenback remains bearish and Index failed to close above 96.54 for trend reversal, which keeps EUR/USD hanging above, ready to press forward.

Fundamentally, the pair showed no reaction to today's and yesterday's positive EU data, which indicates that EUR/USD is in search for ...

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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 : 488
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Re: Daily Technical Analysis by FxGrow

on Tue Jul 11, 2017 3:30 pm
FxGrow Daily Technical Analysis – 11th July, 2017
By FxGrow Research & Analysis Team

AUD/USD Loses The Bullish Momentum, Favoring Sideways


AUD/USD failed to sustain the bullish momentum today as it f 0.7626 high, retreating low of 0.7605 during the European trading session. Currently the pair is trading at 0.7608 intraday just above its 100-EMA at 0.7605.
 

Fundamentally, the National Australia Bank (NAB) Business Confidence Index was  neutral recording 9 compared to 8 on previous sessions, but the negative Home Loans data added more pressure over the Aussie. Traders should be aware of the Chinese Trade balance, to be ...

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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 Wed Jul 12, 2017 10:42 am
FxGrow Daily Technical Analysis – 12th July, 2017
By FxGrow Research & Analysis Team

GBP/USD Testing 50-EMA Ahead of Major Data


GBP/USD extended the selloff wave since yesterday with 113-pips value loss, landing in 1.2810 low for now. The pair tested daily 50-EMA at 1.2820 with failure and in case market closing below, signs of bearish momentum will persist.

MPC member Broadbent crossed wires yesterday with a dovish stance hinting for many current obstacles facing UK economic outlook, being inconsistent with Carney's recent hawkish speech, hence a negative wave still evolves for the cable.

Fundamentally, the pair awaits major inflation reports shortly with two possible scenarios. A negative data will add more ...


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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 : 488
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Re: Daily Technical Analysis by FxGrow

on Wed Jul 12, 2017 3:42 pm
FxGrow Daily Technical Analysis – 12th July, 2017
By FxGrow Research & Analysis Team

Crude Oil Inches Higher Over EIA Report, Awaiting U.S Inventories


Crude Oil managed to add $2.36 bp since Monday and clocked $45.99 bp high supported by the U.S. Energy Information Administration report on Tuesday as it expects U.S. crude oil production to rise by less than previously forecast next year due to a lower price outlook, but remaining at record. Also, reports by Reuters mentioned that Saudi Arabia is due to decrease their oil exports to the lowest record during August.

On the other hand, other fundamentals such as Libya and Nigeria (Non-OPEC) extended their oil production output, keeps market overloaded (glut) and oil rising prices at slower pace.

Add to that, Iran's oil output will rise to ...

Yesterday, Qatar signed a contract with Total French Company to develop Shahine field with $3.5B and could see oil production at 300,000 bp day.

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 : 488
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Re: Daily Technical Analysis by FxGrow

on Wed Jul 12, 2017 3:53 pm
FxGrow Daily Technical Analysis – 12th July, 2017
By FxGrow Research & Analysis Team

USD/CAD Trading On An Expired BOC's Decision, Eyes on Poloz


USD/CAD was on a heavy selloff wave ever since Gov. Poloz (June 28) hinted for a possible tapering with an increase by BOC interest rates by 0.25% to current 0.50%. Overall, the pair has lost 340-pips price action on Friday with 1.2859 low and daily RSI around 25 level, which indicates an oversold market with potential for correction phase in case USD/CAD wants to continue pressing downward.

The pair started the correction phase since Monday with 1.2943 high yesterday, but current daily RSI is at 32 level which still indicates an oversold market.

Today, expectations that BOC will deliver the rate ...

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 : 488
Points : 1207
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Re: Daily Technical Analysis by FxGrow

on Thu Jul 13, 2017 7:52 am
FxGrow Daily Technical Analysis – 13th July, 2017
By FxGrow Research & Analysis Team

EUR/USD Surges Higher Ahead of Local CPI Data


EUR/USD inaugurated Asian trading sessions with +30-pips price action and clocked 1.1439 high as the greenback extends downtrend for today at 95.34 low. Yesterday, Yellen crossed and failed to give specifics as questions were addressed which left market confused and the DXY couldn't press forward and traded neutrally.

Today, multi data on both EURO and USD which should shake the pair's movement, first German and French CPI shortly, followed on NY opening sessions with ...

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 : 488
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Re: Daily Technical Analysis by FxGrow

on Thu Jul 13, 2017 2:51 pm
FxGrow Daily Technical Analysis – 13th July, 2017
By FxGrow Research & Analysis Team

Gold Remains Bearish Despite Recent Recovery, Eyes on U.S Data


Gold plunged aggressively on Monday at 1204.90 on Monday sending a strong message that further downside yet prevails, but managed to make a correction phase extended till Thursday before clocking a 1225.15 yesterday sending signs of a potential bullish reversing trend. Current phase for gold should be a correction phase that holds potential for an uptrend, but unless gold closes above 1228 by daily chart or at least 4 hours candle stick, market should be prepared for an another aggressive selloff wave extended towards 1195+, with potential for 1190+.

Fundamentally, Yellen speech yesterday kept the U.S Index on high volatility which had its effect on Gold, and today, Yellen, along with U.S Data which will be released shortly will give a better outlook how market will react towards gold. In case gold broke closed closed below 1213, additional confirmation for further selloff waves, and in case gold failed to close above 1228, then trend will be sideways until further notice.

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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