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FxGrow Support
Number of messages : 523
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Fri Sep 29, 2017 12:48 pm
FxGrow Daily Technical Analysis – 29th September, 2017
By FxGrow Research & Analysis Team

FxGrow's Forex Daily Technical Overview - Part 2

AUD/USD Intraday: bullish bias above 0.7830.

 
Pivot: 0.7830
 
Our preference: long positions above 0.7830 with targets at 0.7860 & 0.7880 in extension.
 
Alternative scenario: below 0.7830 look for further downside with 0.7805 & 0.7780 as targets.
 
Comment: a support base at 0.7830 has formed and has allowed for a temporary stabilisation.
 
Supports and resistances:
0.7900
0.7880
0.7860
0.7845 Last
0.7830
0.7805
0.7780

Comment: Overall, the general trend is still down. Today's and Monday's upward retrwcement are part of a correction, preparing for deeper dips. A close over 0.7908 is needed for reversing trend and become bullish.


Gold spot Intraday: rebound.

 
 Pivot: 1282.00
 
Our preference: long positions above 1282.00 with targets at 1289.00 & 1295.00 in extension.
 
Alternative scenario: below 1282.00 look for further downside with 1276.00 & 1271.00 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
1300.00
1295.00
1289.00
1285.13 Last
1282.00
1276.00
1271.00

Comment: The market is bearish, but against the 1282.50- target. The market posture remains negative and close under 128450-1280 implies declines to 1270-1267. Yesterday's rebound from under 1282.50 should put us on guard for stalled declines and minor turn that could trigger a rebound into 2-3 flagging congestion days near 1300. A close over 1301.10* is friendly.


Crude Oil (WTI) (X7) Intraday: break of a ST rising trendline support.

 
Pivot: 51.85
 
Our preference: short positions below 51.85 with targets at 51.20 & 50.75 in extension.
 
Alternative scenario: above 51.85 look for further upside with 52.25 & 52.85 as targets.
 
Comment: the RSI advocates for further downside.
 
Supports and resistances:
52.85
52.25
51.85
51.40 Last
51.20
50.75
50.30

Comment: The market is bullish, powering a breakout run up from congestion. The market alignment holds potential for additional rallies to 52.60+/-. Any corrective congestion contained to the upper edges of Monday's run will remain aligned for rallies. Only a close under 50.76* signals a topping turnover.


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
Number of messages : 523
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Mon Oct 02, 2017 11:54 am
FxGrow Daily Technical Analysis – 02nd October, 2017
By FxGrow Research & Analysis Team

GBP/USD Testing 20-EMA For The Third Session Ahead of UK PMI


GBP/USD rallied on Monday's Asian clocking 1.3398 high, testing 10-EMA 1.3400 successfully, and retreated to 1.3331 low, still testing 20-EMA area since Thursday, but has closed below it, which keep the daily trend bullish.

Fundamentally, PM May promised on Saturday to deliver the best deal for Brexit and offered her apologies for putting the Conservatives under pressure after the snap election that ended in less control for UK Parliament and within her party, My is under pressure as calls for resignation has been requested which explain the why the Pound in under selloff wave today ahead of UK Manufacturing PMI.

Technical Overview:

Target: None

Closing Price: 1.3396

Trend: Sideways / Up

Resistance: 1.3456 , 1.3489 , 1.3532

Support levels: 1.3337, 1.3269, 1.3225

Comment The market remains in a corrective setback against the prevailing bull trend, hinting for possible topping action. A close under 1.3371* opens up potential to 1.3225*. Stay prepared for defensive trading pressures, but stabilizing off 13381* could swing trade back to recovery action. A close over 1.3532* rekindles bull forces and should spark rallies back to the last high.



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
Number of messages : 523
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Thu Oct 05, 2017 2:19 pm
FxGrow Daily Technical Analysis – 05th Oct, 2017
By FxGrow Research & Analysis Team

FxGrow's Forex Daily Technical Overview - Part 2

AUD/USD Intraday: under pressure.

 
  Pivot: 0.7855
 
Our preference: short positions below 0.7855 with targets at 0.7815 & 0.7800 in extension.
 
Alternative scenario: above 0.7855 look for further upside with 0.7870 & 0.7890 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
0.7890
0.7870
0.7855
0.7830 Last
0.7815
0.7800
0.7780

Crude Oil‏ (WTI)‏ (X7) Intraday: key resistance at 50.45.

 
  Pivot: 50.45
 
Our preference: short positions below 50.45 with targets at 49.75 & 49.25 in extension.
 
Alternative scenario: above 50.45 look for further upside with 50.75 & 51.00 as targets.
 
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
 
Supports and resistances:
51.00
50.75
50.45
50.03 Last
49.75
49.25
48.85

Gold spot Intraday: rebound expected.

 
  Pivot: 1270.50
 
Our preference: long positions above 1270.50 with targets at 1278.50 & 1282.50 in extension.
 
Alternative scenario: below 1270.50 look for further downside with 1268.00 & 1265.00 as targets.
 
Comment: the RSI lacks downward momentum.
 
Supports and resistances:
1286.50
1282.50
1278.50
1275.20 Last
1270.50
1268.00
1265.00

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
Number of messages : 523
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Tue Oct 10, 2017 2:03 pm
FxGrow Daily Technical Analysis – 10th October, 2017
By FxGrow Research & Analysis Team

GBP/USD Surpasses 50-EMA Over Upbeat Manufacturing Production Data


GBP/USD extends the recovery for the third consecutive session rallying from 1.3027 low on Friday, clocking 1.3198 high today after receiving a positive push by Manufacturing Production at 0.4% while expectations placed at 0.2%. On the other hand, the U.S Dollar continues to show weakness since Friday, dipping to to 93.21 low today, giving the Pound a wilder tone.

Technical Overview GBP/USD

Closing Price: (1.3140)

Target:  1.2956?

Resistance levels: 1.3168, 1.3220, 1.3290*

Support levels: 1.3130, 1.3027-, 1.2986

Trend: Down

Trend Reversal Price: 1.3290

Comment The market is short term bearish and a close under 1.3130 warns for pressing selloffs to 12986. Monday's rebound may carry over into today, but any corrections contained within last Thursday's range for 1-2 days should bear flag and keep the bear trend forces intact. A close over 1.3290* is needed for a short 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
Number of messages : 523
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Thu Oct 12, 2017 11:44 am
FxGrow Daily Technical Analysis – 12th Oct, 2017
By FxGrow Research & Analysis Team

FxGrow's Forex Daily Technical Overview

GBP/USD Intraday: the upside prevails.

 
Pivot: 1.3210
 
Our preference: long positions above 1.3210 with targets at 1.3290 & 1.3320 in extension.
 
Alternative scenario: below 1.3210 look for further downside with 1.3175 & 1.3130 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.3345
1.3320
1.3290
1.3250 Last
1.3210
1.3175
1.3130

USD/JPY Intraday: under pressure.

 
Pivot: 112.60
 
Our preference: short positions below 112.60 with targets at 112.10 & 111.95 in extension.
 
Alternative scenario: above 112.60 look for further upside with 112.80 & 113.05 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
113.05
112.80
112.60
112.35 Last
112.10
111.95
111.80

EUR/USD Intraday: the upside prevails.

 
Pivot: 1.1830
 
Our preference: long positions above 1.1830 with targets at 1.1890 & 1.1925 in extension.
 
Alternative scenario: below 1.1830 look for further downside with 1.1795 & 1.1760 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
1.1960
1.1925
1.1890
1.1862 Last
1.1830
1.1795
1.1760


AUD/USD Intraday: further upside.

 
Pivot: 0.7790
 
Our preference: long positions above 0.7790 with targets at 0.7840 & 0.7860 in extension.
 
Alternative scenario: below 0.7790 look for further downside with 0.7770 & 0.7745 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
0.7875
0.7860
0.7840
0.7815 Last
0.7790
0.7770
0.7745

Crude Oil‏ (WTI)‏ (X7) Intraday: the bias remains bullish.

 
Pivot: 50.82
 
Our preference: long positions above 50.82 with targets at 51.40 & 51.75 in extension.
 
Alternative scenario: below 50.82 look for further downside with 50.45 & 50.05 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
52.10
51.75
51.40
51.00 Last
50.82
50.45
50.05

Gold spot Intraday: further advance.

 
Pivot: 1290.00
 
Our preference: long positions above 1290.00 with targets at 1301.00 & 1306.00 in extension.
 
Alternative scenario: below 1290.00 look for further downside with 1284.00 & 1281.00 as targets.
 
Comment: the RSI is bullish and calls for further advance.
 
Supports and resistances:
1310.00
1306.00
1301.00
1296.60 Last
1290.00
1284.00 
1281.00

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
Number of messages : 523
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Fri Oct 13, 2017 10:56 am
FxGrow Daily Technical Analysis – 13th Oct, 2017
By FxGrow Research & Analysis Team

FxGrow's Forex Daily Technical Overview

GBP/USD Intraday: the upside prevails.

 
Pivot: 1.3220
 
Our preference: long positions above 1.3220 with targets at 1.3290 & 1.3345 in extension.
 
Alternative scenario: below 1.3220 look for further downside with 1.3175 & 1.3125 as targets.
 
Comment: the RSI is bullish and calls for further upside.
 
Supports and resistances:
1.3400
1.3345
1.3290
1.3265 Last
1.3220
1.3175
1.3125

USD/JPY Intraday: capped by a negative trend line.

 
Pivot: 112.45
 
Our preference: short positions below 112.45 with targets at 111.95 & 111.80 in extension.
 
Alternative scenario: above 112.45 look for further upside with 112.60 & 112.80 as targets.
 
Comment: the RSI is capped by a declining trend line.
 
Supports and resistances:
112.80
112.60
112.45
112.15 Last
111.95
111.80
111.55

EUR/USD Intraday: caution.

 
Pivot: 1.1855
 
Our preference: short positions below 1.1855 with targets at 1.1820 & 1.1795 in extension.
 
Alternative scenario: above 1.1855 look for further upside with 1.1880 & 1.1900 as targets.
 
Comment: intraday technical indicators are mixed and call for caution.
 
Supports and resistances:
1.1900
1.1880
1.1855
1.1835 Last
1.1820
1.1795
1.1760

AUD/USD Intraday: the bias remains bullish.

 
Pivot: 0.7805
 
Our preference: long positions above 0.7805 with targets at 0.7855 & 0.7875 in extension.
 
Alternative scenario: below 0.7805 look for further downside with 0.7785 & 0.7770 as targets.
 
Comment: technically the RSI is above its neutrality area at 50.
 
Supports and resistances:
0.7900
0.7875
0.7855
0.7830 Last
0.7805
0.7785
0.7770

Crude Oil (WTI) (X7) Intraday: rebound expected.

 
Pivot: 50.25
 
Our preference: long positions above 50.25 with targets at 51.10 & 51.40 in extension.
 
Alternative scenario: below 50.25 look for further downside with 49.75 & 49.20 as targets.
 
Comment: the RSI advocates for further advance. A strong support base around 50.25 (the previous swing low) has formed,and should limit any downward attempts.
 
Supports and resistances:
51.75
51.40
51.10
50.94 Last
50.25
49.75
49.20

Gold spot Intraday: the upside prevails.

 
Pivot: 1289.50
 
Our preference: long positions above 1289.50 with targets at 1301.00 & 1306.00 in extension.
 
Alternative scenario: below 1289.50 look for further downside with 1284.00 & 1281.00 as targets.
 
Comment: the RSI advocates for further advance.
 
Supports and resistances:
1310.00
1306.00
1301.00
1295.70 Last
1289.50
1284.00
1281.00

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
Number of messages : 523
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Mon Oct 16, 2017 11:15 am
FxGrow Daily Technical Analysis – 16th Oct, 2017
By FxGrow Research & Analysis Team

FxGrow's Forex Daily Technical Overview

EUR/USD Intraday: under pressure.

 
Pivot: 1.1825
 
Our preference: short positions below 1.1825 with targets at 1.1775 & 1.1760 in extension.
 
Alternative scenario: above 1.1825 look for further upside with 1.1850 & 1.1875 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.1875
1.1850
1.1825
1.1800 Last
1.1775
1.1760
1.1735

USD/JPY Intraday: intraday support around 111.65.

 
Pivot: 111.65
 
Our preference: long positions above 111.65 with targets at 112.05 & 112.25 in extension.
 
Alternative scenario: below 111.65 look for further downside with 111.40 & 111.20 as targets.
 
Comment: the RSI lacks downward momentum.
 
Supports and resistances:
112.45
112.25
112.05
111.86 Last
111.65
111.40
111.20

GBP/USD Intraday: further advance.

 
Pivot: 1.3260
 
Our preference: long positions above 1.3260 with targets at 1.3325 & 1.3350 in extension.
 
Alternative scenario: below 1.3260 look for further downside with 1.3230 & 1.3180 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.3375
1.3350
1.3325
1.3295 Last
1.3260
1.3230
1.3180

AUD/USD Intraday: the bias remains bullish.

 
Pivot: 0.7850
 
Our preference: long positions above 0.7850 with targets at 0.7900 & 0.7920 in extension.
 
Alternative scenario: below 0.7850 look for further downside with 0.7825 & 0.7805 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
0.7950
0.7920
0.7900
0.7875 Last
0.7850
0.7825
0.7805

Crude Oil‏ (WTI)‏ (X7) Intraday: further advance.

 
Pivot: 51.35
 
Our preference: long positions above 51.35 with targets at 52.40 & 52.85 in extension.
 
Alternative scenario: below 51.35 look for further downside with 50.95 & 50.55 as targets.
 
Comment: the RSI lacks downward momentum.
 
Supports and resistances:
53.20
52.85
52.40
51.93 Last
51.35
50.95
50.55

Gold spot Intraday: further advance.

 
Pivot: 1295.00
 
Our preference: long positions above 1295.00 with targets at 1310.00 & 1315.00 in extension.
 
Alternative scenario: below 1295.00 look for further downside with 1290.00 & 1284.00 as targets.
 
Comment: the RSI is bullish and calls for further advance.
 
Supports and resistances:
1322.00
1315.00
1310.00
1303.28 Last
1295.00
1290.00
1284.00


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
Number of messages : 523
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Wed Oct 18, 2017 12:20 pm
FxGrow Daily Technical Analysis – 18th Oct, 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 18 Oct 2017

GBP/USD Intraday: under pressure.

 
Pivot: 1.3200
 
Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3090 in extension.
 
Alternative scenario: above 1.3200 look for further upside with 1.3235 & 1.3265 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.3265
1.3235
1.3200
1.3155 Last
1.3120
1.3090
1.3070

USD/JPY Intraday: further advance.

 
Pivot: 112.25
 
Our preference: long positions above 112.25 with targets at 112.80 & 112.95 in extension.
 
Alternative scenario: below 112.25 look for further downside with 112.00 & 111.65 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
113.20
112.95
112.80
112.50 Last
112.25
112.00
111.65

EUR/USD Intraday: key resistance at 1.1780.

 
Pivot: 1.1780
 
Our preference: short positions below 1.1780 with targets at 1.1715 & 1.1690 in extension.
 
Alternative scenario: above 1.1780 look for further upside with 1.1815 & 1.1850 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.1850
1.1815
1.1780
1.1750 Last
1.1715
1.1690
1.1670

AUD/USD Intraday: the downside prevails.

 
Pivot: 0.7860
 
Our preference: short positions below 0.7860 with targets at 0.7815 & 0.7800 in extension.
 
Alternative scenario: above 0.7860 look for further upside with 0.7875 & 0.7895 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
0.7895
0.7875
0.7860
0.7836 Last
0.7815
0.7800
0.7770

Gold spot Intraday: the downside prevails.

 
Pivot: 1284.00
 
Our preference: short positions below 1284.00 with targets at 1275.00 & 1272.00 in extension.
 
Alternative scenario: above 1284.00 look for further upside with 1289.00 & 1293.00 as targets.
 
Comment: the break below the support at 1284.00 triggered a downward acceleration to 1272.00.
 
Supports and resistances:
1293.00
1289.00
1284.00
1280.55 Last
1275.00
1272.00
1269.50

Crude Oil‏ (WTI)‏ (X7) Intraday: further upside.

 
Pivot: 51.65
 
Our preference: long positions above 51.65 with targets at 52.40 & 52.65 in extension.
 
Alternative scenario: below 51.65 look for further downside with 51.45 & 51.20 as targets.
 
Comment: the RSI is mixed with a bullish bias.
 
Supports and resistances:
52.85
52.65
52.40
52.14 Last
51.65
51.45
51.20

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
Number of messages : 523
Date of Entry : 2015-08-18

Re: Daily Technical Analysis by FxGrow

on Thu Oct 19, 2017 1:01 pm
FxGrow Daily Technical Analysis – 19th Oct, 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 19 Oct 2017

GBP/USD Intraday: turning down.

 
Pivot: 1.3200
 
Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3070 in extension.
 
Alternative scenario: above 1.3200 look for further upside with 1.3225 & 1.3260 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.3260
1.3225
1.3200
1.3155 Last
1.3120
1.3070
1.3025

USD/JPY Intraday: turning down.

 
Pivot: 113.15
 
Our preference: short positions below 113.15 with targets at 112.45 & 112.10 in extension.
 
Alternative scenario: above 113.15 look for further upside with 113.45 & 113.75 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
113.75
113.45
113.15
112.75 Last
112.45
112.10
111.85

EUR/USD Intraday: the bias remains bullish.

 
Pivot: 1.1775
 
Our preference: long positions above 1.1775 with targets at 1.1835 & 1.1860 in extension.
 
Alternative scenario: below 1.1775 look for further downside with 1.1755 & 1.1735 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.1880
1.1860
1.1835
1.1801 Last
1.1775
1.1755
1.1735

AUD/USD Intraday: the upside prevails.

 
Pivot: 0.7830
 
Our preference: long positions above 0.7830 with targets at 0.7875 & 0.7895 in extension.
 
Alternative scenario: below 0.7830 look for further downside with 0.7815 & 0.7800 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
0.7915
0.7895
0.7875
0.7855 Last
0.7830
0.7815
0.7800

 
Crude Oil‏ (WTI)‏ (X7) Intraday: the downside prevails.

 
Pivot: 51.70
 
Our preference: short positions below 51.70 with targets at 50.95 & 50.55 in extension.
 
Alternative scenario: above 51.70 look for further upside with 52.05 & 52.35 as targets.
 
Comment: the RSI has broken down its 30 level.
 
Supports and resistances:
52.35
52.05
51.70
51.33 Last
50.95
50.55
50.15

Gold spot Intraday: rebound expected.

 
Pivot: 1276.50
 
Our preference: long positions above 1276.50 with targets at 1289.00 & 1293.00 in extension.
 
Alternative scenario: below 1276.50 look for further downside with 1273.00 & 1270.00 as targets.
 
Comment: the RSI advocates for further upside.
 
Supports and resistances:
1296.50
1293.00
1289.00
1285.40 Last
1276.50
1273.00  
1270.00

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Mon Oct 23, 2017 12:03 pm
FxGrow Daily Technical Analysis – 23rd Oct, 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 23 Oct 2017

GBP/USD Intraday: the bias remains bullish.

 
Pivot: 1.3145
 
Our preference: long positions above 1.3145 with targets at 1.3225 & 1.3260 in extension.
 
Alternative scenario: below 1.3145 look for further downside with 1.3100 & 1.3060 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
1.3290
1.3260
1.3225
1.3190 Last
1.3145
1.3100
1.3060


USD/JPY Intraday: the bias remains bullish.

 
Pivot: 113.45
 
Our preference: long positions above 113.45 with targets at 114.30 & 114.80 in extension.
 
Alternative scenario: below 113.45 look for further downside with 113.05 & 112.70 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
115.35
114.80
114.30
113.85 Last
113.45
113.05
112.70


EUR/USD Intraday: the downside prevails.

 
Pivot: 1.1790
 
Our preference: short positions below 1.1790 with targets at 1.1740 & 1.1720 in extension.
 
Alternative scenario: above 1.1790 look for further upside with 1.1820 & 1.1840 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.1840
1.1820
1.1790
1.1760 Last
1.1740
1.1720
1.1700

AUD/USD Intraday: under pressure.

 
Pivot: 0.7835
 
Our preference: short @ 0.7820 with targets @ 0.7800 & 0.7780 in extension.
 
Alternative scenario: above 0.7835 look for further upside with 0.7855 & 0.7870 as targets.
 
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
 
Supports and resistances:
0.7870
0.7855
0.7835
0.7820 Last
0.7800
0.7780
0.7765

Crude Oil‏ (WTI)‏ (Z7) Intraday: further advance.

 
Pivot: 51.60
 
Our preference: long positions above 51.60 with targets at 52.40 & 52.60 in extension.
 
Alternative scenario: below 51.60 look for further downside with 51.30 & 50.85 as targets.
 
Comment: the RSI is bullish and calls for further upside.
 
Supports and resistances:
52.80
52.60
52.40
52.16 Last
51.60
51.30
50.85

Gold spot Intraday: capped by a negative trend line.

 
Pivot: 1282.00
 
Our preference: short positions below 1282.00 with targets at 1270.00 & 1265.00 in extension.
 
Alternative scenario: above 1282.00 look for further upside with 1286.00 & 1291.00 as targets.
 
Comment: the RSI is capped by a bearish trend line.
 
Supports and resistances:
1291.00
1286.00
1282.00
1274.94 Last
1270.00
1265.00
1261.00



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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Tue Oct 24, 2017 2:24 pm
FxGrow Daily Technical Analysis – 24th Oct, 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 24 Oct 2017

GBP/USD Intraday: under pressure.

 
Pivot: 1.3230
 
Our preference: short positions below 1.3230 with targets at 1.3155 & 1.3125 in extension.
 
Alternative scenario: above 1.3230 look for further upside with 1.3260 & 1.3290 as targets.
 
Comment: the RSI broke below a rising trend line.
 
Supports and resistances:
1.3290
1.3260
1.3230
1.3190 Last
1.3155
1.3125
1.3085

 
USD/JPY Intraday: caution.

 
Pivot: 113.75
 
Our preference: short positions below 113.75 with targets at 113.10 & 112.70 in extension.
 
Alternative scenario: above 113.75 look for further upside with 114.10 & 114.30 as targets.
 
Comment: the RSI is mixed and calls for caution.
 
Supports and resistances:
114.30
114.10
113.75
113.40 Last
113.10
112.70
112.35

AUD/USD Intraday: under pressure.

 
Pivot: 0.7825
 
Our preference: short positions below 0.7825 with targets at 0.7765 & 0.7745 in extension.
 
Alternative scenario: above 0.7825 look for further upside with 0.7855 & 0.7885 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
0.7885
0.7855
0.7825
0.7795 Last
0.7765
0.7745
0.7730

Crude Oil‏ (WTI)‏ (Z7) Intraday: the downside prevails.

 
Pivot: 52.10
 
Our preference: short positions below 52.10 with targets at 51.65 & 51.30 in extension.
 
Alternative scenario: above 52.10 look for further upside with 52.30 & 52.60 as targets.
 
Comment: the RSI is bearish and calls for further decline.
 
Supports and resistances:
52.60
52.30
52.10
51.85 Last
51.65
51.30
50.85


Gold spot Intraday: bullish bias above 1276.50.

 
Pivot: 1276.50
 
Our preference: long positions above 1276.50 with targets at 1284.00 & 1291.00 in extension.
 
Alternative scenario: below 1276.50 look for further downside with 1272.00 & 1267.00 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
1296.00
1291.00
1284.00
1279.97 Last
1276.50
1272.00 
1267.00

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Wed Oct 25, 2017 10:11 am
FxGrow Daily Technical Analysis – 25th Oct, 2017
By FxGrow Research & Analysis Team

Brexit Still Pressures GBP/USD, Eyes On UK GDP


GBP/USD extends the downtrend momentum for eighth consecutive session after peeking to 1.3227 high yesterday, the pair failed to press forward and hold gains, taking a dip to 1.3113 low and closed at 1.3131. Currently the pair is trading narrow with 20-pips price action after hitting 1.3116 low support, but expectations for higher volatility as UK releases its quarter GDP shortly.

Technically, on the chart we can notice that GBP/USD is capped inside wedge triangle and has been touching the boundaries but failing to close neither above the descending trend line, nor below ascending one, putting the pair in a state of congestion in case daily price managed to close above or below both lines.

Fundamentally, GBP/USD is traded cautiously. First Brexit negotiations still weighs negatively on the pair favoring selloff mood and last week Carney was noticed less hawkish than precious press conferences held, but rate hike in November is still on the table and open to discussion which keeps the cable on solid ground preventing it from severe losses. Today, expectations are placed for GDP at 3% as recorded previously. Market stands on two potential scenarios. First, in case GDP scored 3% or above, this should be taken as a booster and second, if GDP missed 3% target, then adding all the negative elements above, market should expect a heavier abandon for GBP/USD and extending the bearish momentum.

Technical Overview GBP/USD:

Closing price: 1.3116

Target price: None

Resistance levels: 1.3154 , 1.3200, 1.3248

Support levels: 1.3114 , 1.3080 , 1.3030

Trend: Sideways / Down

Trend reversal price: 1.3226*

General overlook: The market is still caught is a secondary decline. Near term trade is working through corrective congestion, but retains the bear bias. A close under 1.3080 should open ip a fresh bear leg. Near term trade may yet try to congest around 1.3154 +/- . A close over 1.3226* and 1.3260* are the triggers for a re-turn into higher prices.


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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Thu Oct 26, 2017 2:03 pm
FxGrow Daily Technical Analysis – 26th Oct, 2017
By FxGrow Research & Analysis Team

EUR/USD Pushes Higher, Seeing Draghi Hawkish


EUR/USD has been actively bullish since yesterday rallying from 1.1753 low recording 1.1817 high. Today, the pair extended yesterday's action and pushed higher at 1.1836 with expectations for more pips as 5-EMA crossed with 10-EMA from below.

Today  market is expecting a hawkish statement as Super Mario Draghi crosses wires at 12:30 PM GMT. On the other hand, rates are highly expected to be left unchanged at 0% point basis, which turns all the attention to the ECB's Gov.

Draghi has mentioned previously in Sep that tapering with QE program and details will laid out in Oct as the ECB holds a press conference. At the moment, ECB is currently running QE purchasing at 60B value. Now the question comes is how much or at which pace will Draghi slow down the amount and setting specific dates.

Note expectations are between 25B and 40B reduction.

Logically, any tapering with QE as reduction should be taken positive and EUR/USD should rally as the event itself is highly anticipated since a long time of period. But still, market may not digest the details and below are possible scenarios that should take action.

First scenario which most likely, ECB will reduce monthly bond purchasing at 30B value and commit to buying bonds till Sep 2018 with a guidance. (Positive for EUR/USD).

Second scenario which is likely. ECB will cut bond purchasing by 30B and commit the QE program till Jun 2018. ( Less positive ).

Third scenario which is possible that ECB could cut monthly bond buys by 20B and commit to buying bonds to June 2018. ( Negative for EUR/USD)

Last and fourth scenario which is unlikely, ECB will cut monthly bond buys by 40B and commit to buying bonds to Sept 2018. ( Strongly positive for EUR/USD).

Technical Overview EUR/USD

Current price: 1.1822

Closing price: 1.1812

Target price: None 

 Resistance levels: 1.1830, 1.1860 , 1.1907*

Support levels:  1.1760 , 1.1730? , 1.1680-70

Trend: Down

Trend reversal price: 1.1909

General comment: Comment Overall the market is bearish and penetration under Monday's low suggests a selloff under the last 1.1780 swing low. Near term trade is showing corrections and may again work sideways higher today. A surge over 1.18945 voids the bear alignment. However, a close over 1.1907* is the key to start a reversing turn and sustained climb to higher levels.



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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Fri Oct 27, 2017 11:16 am
FxGrow Daily Technical Analysis – 27th Oct, 2017
By FxGrow Research & Analysis Team

EUR/USD Clocks Three Months Low Over Dovish ECB, Eyes on U.S GDP


EUR/USD was knocked out yesterday as the  market undigested ECB's reduced QE size by half and simultaneously extended the duration, thus maintaining the same level of stimulus as before. As a result, the pair was on a massive selloff wave dipping from 1.1836 high to 1.1640 low, 196 pips during only eight hours.

Today, EUR/USD extended losses at 1.1624 the months fresh lows with expectations for further dips in the coming days seeing the buck strengthening with 94.74 high today.

Fundamentally, the U.S Index is back with a sharper tone sending strong message for all currency rivals as the House of Representatives has passed a budget bill paving the way for Trump's so long waited tax cut plan. The only bump at moment fronting is who will inherit the U.S Fed, still nominees are mixed between Powell and Taylor.

Recent Reports has mentioned that current Yellen is ruled out, but rumors looms that Trump is worried about such scenario which could disrupt the hardy stock market rally that has taken place since his election. The Dow industrials have surged more than 30 percent from the low just a couple days before the Nov. 8 election.

Last but not least, Spanish tension with Catalans referendum still vows which add more pressure on the EURO.

Finally, this week risk event will be conducted with U.S GDP release today at 12:30 PM GMT with all eyes focused with expectations for a growth during third quarter. The data today will play significantly on the promised late U.S rate hike and DXY levels.

EUR/USD Technical Overview:

Current price: 1.1624

Target: 1.1480?

Closing Price: 1.1652

Trend: Down

Resistance levels: 1.1680, 1.1705 +/- , 1.1763*

Support levels: 1.1540, 1.1480

Trend Reversal: 1.1763*

Down 117.93

Comment: The market triggered a significant downside breakout from sideways congestion of the past month, opening up potential for a bear wave to 1.1480. Trade is poised for continuation selloffs. Any corrections should be rejected up along the lower edges of recent congestion. Only a close over 1.1763* marks a short term turnaround.



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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Fri Oct 27, 2017 2:49 pm
FxGrow Daily Technical Analysis – 27th Oct, 2017
By FxGrow Research & Analysis Team

Gold Has triggered A Price Action With Deeper Retractment, US GDP ??


After seven consolidation sessions where gold was fluctuating between 80+ and 70s area, finally gold has give a clear sign for a deeper dips and washes 6th Oct daily bullish grabber candle at 1260 low. Yesterday, gold extended the correction phase clocking 1282.60 high then started deprecation gradually, but after ECB's dovish scenario and as the EURO was aggressively plunging, the Dollar Index (DXY) was strengthening hitting three months high at 94.60, gold submitted closed one hour below 70, then extended losses at 1265.80 low.

Today, gold traded narrow inside yesterday's candle with 1264.80 low, then started another correction phase till 1269, currently trading 1268 Intraday.

Technically, yesterday's bearish candle is to be considered engulfing for 6th Oct bullish grabber and erased all the scenarios for potential upward trend reversal, and at this moment, market should expect some upward corrections between 72 and 78, but the 1250-45 zone still persists. Add to that, the 10-year yield bonds were also rising with 2.47 high today which adds more pressure on gold along with strong greenback.

Fundamentally, market is awaiting U.S GDP which will be released today at 12:30 PM GMT, and market stands at two possible scenarios. In both cases, whether data is negative or positive and taking into consideration that DXY levels at H1 and H4 are oversold at RSI, gold and in react to the data, could rally shortly around 72 and 76 levels, but eventually the 1250+/- will be achieved (Technically). The other scenario is that gold could start falling reaching 1260-58 support area and start upward correction retracement also at 70s area, and again, the 1250+/- should be achieved (technically).

Last but least, and to add an unpleasant scenario that could reverse the technical overview is any real political tension between NK and USA with serious actions, in this case we gold will shift as safe haven substitute and will start rising gradually depending on the level or pace of the events.

XAUUSD Technical Summary

Current price: 1268

Closing price: 1267.60

Trend: Down

Target price: none at this moment 

Trend Reversal price: 1291.40

Resistance levels: 1270-72, 1282

Support levels: 1262.50 , 1260, 1250+/-

Comment: Comment The market is bearish and suggesting a bear extension to test around the last swing low in the 1264-1261 levels. A close under 1260 opens up potential near 1250. Any corrections trapped within yesterday's outside bear range should retain bear forces and bear flag. A pop over 1282.30 is needed to stop pressing bear forces, however, only a close above 1291.40 will shit bear to bull trend.


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.
FxGrow Support
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Tue Oct 31, 2017 2:18 pm
FxGrow Daily Technical Analysis – 31st Oct, 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 31 Oct 2017

GBP/USD Intraday: the bias remains bullish.

 
Pivot: 1.3165
 
Our preference: long positions above 1.3165 with targets at 1.3235 & 1.3280 in extension.
 
Alternative scenario: below 1.3165 look for further downside with 1.3125 & 1.3080 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
1.3325
1.3280
1.3235
1.3210 Last
1.3165
1.3125
1.3080

USD/JPY Intraday: consolidation.

 
Pivot: 113.55
 
Our preference: short positions below 113.55 with targets at 112.95 & 112.70 in extension.
 
Alternative scenario: above 113.55 look for further upside with 113.80 & 114.00 as targets.
 
Comment: the RSI lacks upward momentum.
 
Supports and resistances:
114.00
113.80
113.55
113.21 Last
112.95
112.70
112.30

EUR/USD Intraday: intraday support around 1.1600.

 
Pivot: 1.1600
 
Our preference: long positions above 1.1600 with targets at 1.1675 & 1.1710 in extension.
 
Alternative scenario: below 1.1600 look for further downside with 1.1570 & 1.1520 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
1.1750
1.1710
1.1675
1.1637 Last
1.1600
1.1570
1.1520 

AUD/USD Intraday: bullish bias above 0.7650.

 
Pivot: 0.7650
 
Our preference: long positions above 0.7650 with targets at 0.7700 & 0.7720 in extension.
 
Alternative scenario: below 0.7650 look for further downside with 0.7625 & 0.7605 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
0.7745
0.7720
0.7700
0.7670 Last
0.7650
0.7625
0.7605

Crude Oil‏ (WTI)‏ (Z7) Intraday: the bias remains bullish.

 
Pivot: 53.60
 
Our preference: long positions above 53.60 with targets at 54.50 & 54.75 in extension.
 
Alternative scenario: below 53.60 look for further downside with 53.15 & 52.85 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
55.00
54.75
54.50
53.97 Last
53.60
53.15
52.85

Gold spot Intraday: the bias remains bullish.

 
Pivot: 1271.50
 
Our preference: long positions above 1271.50 with targets at 1279.00 & 1283.00 in extension.
 
Alternative scenario: below 1271.50 look for further downside with 1268.50 & 1260.00 as targets.
 
Comment: the RSI is supported by a rising trend line.
 
Supports and resistances:
1288.00
1283.00
1279.00
1276.22 Last
1271.50
1268.50
1260.00

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Thu Nov 02, 2017 12:23 pm
FxGrow Daily Technical Analysis – 2nd Nov 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 2nd Nov 2017

EUR/USD Intraday: continuation of the rebound.

 
Pivot: 1.1625
 
Our preference: long positions above 1.1625 with targets at 1.1690 & 1.1720 in extension.
 
Alternative scenario: below 1.1625 look for further downside with 1.1600 & 1.1570 as targets.
 
Comment: the break above 1.1625 is a positive signal that has opened a path to 1.1690.
 
Supports and resistances:
1.1750 **
1.1720 **
1.1690 **
1.1643 Last
1.1625 ***
1.1600 *
1.1570 **

USD/JPY Intraday: bullish bias above 113.75.

 
Pivot: 113.75
 
Our preference: long positions above 113.75 with targets at 114.30 & 114.75 in extension.
 
Alternative scenario: below 113.75 look for further downside with 113.30 & 112.95 as targets.
 
Comment: a support base at 113.75 has formed and has allowed for a temporary stabilisation.
 
Supports and resistances:
115.20
114.75
114.30
114.05 Last
113.75
113.30
112.95

GBP/USD Intraday: intraday support around 1.3240.

 
Pivot: 1.3240
 
Our preference: long positions above 1.3240 with targets at 1.3320 & 1.3360 in extension.
 
Alternative scenario: below 1.3240 look for further downside with 1.3190 & 1.3155 as targets.
 
Comment: a support base at 1.3240 has formed and has allowed for a temporary stabilisation.
 
Supports and resistances:
1.3380
1.3360
1.3320
1.3256 Last
1.3240
1.3190
1.3155

AUD/USD Intraday: continuation of the rebound.

 
Pivot: 0.7680
 
Our preference: long positions above 0.7680 with targets at 0.7750 & 0.7770 in extension.
 
Alternative scenario: below 0.7680 look for further downside with 0.7640 & 0.7620 as targets.
 
Comment: the break above 0.7680 is a positive signal that has opened a path to 0.7750.
 
Supports and resistances:
0.7790 **
0.7770 **
0.7750 **
0.7684 Last
0.7680 ***
0.7640 **
0.7620 *

Crude Oil‏ (WTI)‏ (Z7) Intraday: under pressure.

 
Pivot: 54.70
 
Our preference: short positions below 54.70 with targets at 53.80 & 53.40 in extension.
 
Alternative scenario: above 54.70 look for further upside with 55.22 & 55.70 as targets.
 
Comment: technically the RSI is below its neutrality area at 50.
 
Supports and resistances:
55.70
55.22
54.70
54.10 Last
53.80
53.40
52.80

Gold spot Intraday: bullish bias above 1273.00.

 
Pivot: 1273.00
 
Our preference: long positions above 1273.00 with targets at 1282.50 & 1286.00 in extension.
 
Alternative scenario: below 1273.00 look for further downside with 1268.00 & 1265.00 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
1291.00
1286.00
1282.50
1276.40 Last
1273.00
1268.00
1265.00

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Mon Nov 06, 2017 7:59 pm
FxGrow Daily Technical Analysis – 6th Nov 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 6 Nov 2017

AUD/USD Intraday: key resistance at 0.7670.

 
Pivot: 0.7670
 
Our preference: short positions below 0.7670 with targets at 0.7635 & 0.7615 in extension.
 
Alternative scenario: above 0.7670 look for further upside with 0.7695 & 0.7715 as targets.
 
Comment: as long as 0.7670 is resistance, look for choppy price action with a bearish bias.
 
Supports and resistances:
0.7715 **
0.7695 **
0.7670 ***
0.7665 Last
0.7635 *
0.7615 *
0.7595 *

GBP/USD Intraday: continuation of the rebound.

 
Pivot: 1.3070
 
Our preference: long positions above 1.3070 with targets at 1.3135 & 1.3170 in extension.
 
Alternative scenario: below 1.3070 look for further downside with 1.3040 & 1.3000 as targets.
 
Comment: the RSI is supported by a bullish trend line.
 
Supports and resistances:
1.3190 **
1.3170 *
1.3135 *
1.3113 Last
1.3070 ***
1.3040 *
1.3000 *

USD/JPY Intraday: bullish bias above 114.00.

 
Pivot: 114.00
 
Our preference: long positions above 114.00 with targets at 114.40 & 114.70 in extension.
 
Alternative scenario: below 114.00 look for further downside with 113.60 & 113.30 as targets.
 
Comment: a support base at 114.00 has formed and has allowed for a temporary stabilisation.
 
Supports and resistances:
115.00
114.70
114.40
114.06 Last
114.00
113.60
113.30

EUR/USD Intraday: the downside prevails.

 
Pivot: 1.1620
 
Our preference: short positions below 1.1620 with targets at 1.1570 & 1.1530 in extension.
 
Alternative scenario: above 1.1620 look for further upside with 1.1665 & 1.1685 as targets.
 
Comment: the RSI has failed to break above its bearish trendline.
 
Supports and resistances:
1.1685 **
1.1665 **
1.1620 ***
1.1596 Last
1.1570 *
1.1530 *
1.1490 **

Gold spot Intraday: under pressure.

 
Pivot: 1273.50
 
Our preference: short positions below 1273.50 with targets at 1265.00 & 1260.00 in extension.
 
Alternative scenario: above 1273.50 look for further upside with 1280.50 & 1284.00 as targets.
 
Comment: the RSI is capped by a bearish trend line.
 
Supports and resistances:
1284.00
1280.50
1273.50
1269.72 Last
1265.00
1260.00
1253.00

Crude Oil‏ (WTI)‏ (Z7) Intraday: the upside prevails.


Pivot: 55.25

Our preference: long positions above 55.25 with targets at 56.55 & 56.85 in extension.

Alternative scenario: below 55.25 look for further downside with 54.90 & 54.40 as targets.

Comment: the RSI is supported by a bullish trend line.

Supports and resistances:
57.50
56.85
56.55
56.04 Last
55.25
54.90
54.40

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Wed Nov 08, 2017 4:06 am
FxGrow Daily Technical Analysis – 7th Nov 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 7 Nov 2017

EUR/USD Intraday: the downside prevails.

 
Pivot: 1.1620
 
Our preference: short positions below 1.1620 with targets at 1.1580 & 1.1560 in extension.
 
Alternative scenario: above 1.1620 look for further upside with 1.1640 & 1.1665 as targets.
 
Comment: as long as 1.1620 is resistance, look for choppy price action with a bearish bias.
 
Supports and resistances:
1.1665 **
1.1640 **
1.1620 ***
1.1589 Last
1.1580 *
1.1560 *
1.1530 **

AUD/USD Intraday: intraday support around 0.7670.

 
Pivot: 0.7670
 
Our preference: long positions above 0.7670 with targets at 0.7695 & 0.7710 in extension.
 
Alternative scenario: below 0.7670 look for further downside with 0.7650 & 0.7635 as targets.
 
Comment: the break above 0.7670 is a positive signal that has opened a path to 0.7695.
 
Supports and resistances:
0.7730 **
0.7710 **
0.7695 **
0.7677 Last
0.7670 ***
0.7650 *
0.7635 *

USD/JPY Intraday: the downside prevails.

 
Pivot: 114.15
 
Our preference: short positions below 114.15 with targets at 113.65 & 113.30 in extension.
 
Alternative scenario: above 114.15 look for further upside with 114.40 & 114.70 as targets.
 
Comment: the break below 114.15 is a negative signal that has opened a path to 113.65.
 
Supports and resistances:
114.70
114.40
114.15
114.13 Last
113.65
113.30
113.00

GBP/USD Intraday: bullish bias above 1.3125.

 
Pivot: 1.3125
 
Our preference: long positions above 1.3125 with targets at 1.3190 & 1.3235 in extension.
 
Alternative scenario: below 1.3125 look for further downside with 1.3080 & 1.3040 as targets.
 
Comment: the break above 1.3125 is a positive signal that has opened a path to 1.3190.
 
Supports and resistances:
1.3290 **
1.3235 *
1.3190 *
1.3170 Last
1.3125 ***
1.3080 *
1.3040 *

Crude Oil‏ (WTI)‏ (Z7) Intraday: further upside.

 
Pivot: 56.75
 
Our preference: long positions above 56.75 with targets at 58.00 & 58.40 in extension.
 
Alternative scenario: below 56.75 look for further downside with 56.10 & 55.65 as targets.
 
Comment: the RSI is supported by a bullish trend line.
 
Supports and resistances:
59.15
58.40
58.00
57.42 Last
56.75
56.10
55.65

Gold spot Intraday: the bias remains bullish.

 
Pivot: 1273.00
 
Our preference: long positions above 1273.00 with targets at 1284.00 & 1290.50 in extension.
 
Alternative scenario: below 1273.00 look for further downside with 1265.00 & 1260.00 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
1296.50
1290.50
1284.00
1277.70 Last
1273.00
1265.00 
1260.00

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Mon Nov 13, 2017 12:29 pm
FxGrow Daily Technical Analysis – 13th Nov 2017
By FxGrow Research & Analysis Team

Forex Daily Technical 13 Nov 2017

GBP/USD Intraday: the downside prevails.


Pivot: 1.3175
 
Our preference: short positions below 1.3175 with targets at 1.3080 & 1.3040 in extension.
 
Alternative scenario: above 1.3175 look for further upside with 1.3230 & 1.3270 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.3270 **
1.3230 **
1.3175 **
1.3130 Last
1.3080 ***
1.3040 **
1.3025 **

USD/JPY Intraday: turning down.


Pivot: 113.75
 
Our preference: short positions below 113.75 with targets at 113.20 & 113.05 in extension.
 
Alternative scenario: above 113.75 look for further upside with 114.05 & 114.30 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
114.30 *
114.05 *
113.75 ***
113.45 Last
113.20 **
113.05 *
112.90 **

EUR/USD Intraday: the upside prevails.


Pivot: 1.1635
 
Our preference: long positions above 1.1635 with targets at 1.1680 & 1.1700 in extension.
 
Alternative scenario: below 1.1635 look for further downside with 1.1610 & 1.1580 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
1.1720 **
1.1700 **
1.1680 **
1.1655 Last
1.1635 ***
1.1610 *
1.1580 **

AUD/USD Intraday: consolidation.


Pivot: 0.7670
 
Our preference: short positions below 0.7670 with targets at 0.7635 & 0.7620 in extension.
 
Alternative scenario: above 0.7670 look for further upside with 0.7695 & 0.7710 as targets.
 
Comment: as long as the resistance at 0.7670 is not surpassed, the risk of the break below 0.7635 remains high.
 
Supports and resistances:
0.7710 *
0.7695 *
0.7670 **
0.7650 Last
0.7635 **
0.7620 *
0.7600 *

Crude Oil‏ (WTI)‏ (Z7) ST: further advance.


Pivot: 52.80
 
Our preference: long positions above 52.80 with targets at 59.45 & 62.00 in extension.
 
Alternative scenario: below 52.80 look for further downside with 50.00 & 47.50 as targets.
 
Comment: the RSI advocates for further advance.
 
Supports and resistances:
64.50 ***
62.00 **
59.45 **
56.79 Last
52.80 ***
50.00 **
47.50 ***

Gold spot Intraday: the downside prevails.


Pivot: 1282.00
 
Our preference: short positions below 1282.00 with targets at 1273.00 & 1270.00 in extension.
 
Alternative scenario: above 1282.00 look for further upside with 1285.50 & 1289.00 as targets.
 
Comment: technically the RSI is below its neutrality area at 50.
 
Supports and resistances:
1289.00
1285.50
1282.00
1276.10 Last
1273.00
1270.00
1266.00


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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Tue Nov 14, 2017 10:30 am
FxGrow Daily Technical Analysis – 14th Nov 2017
By FxGrow Research & Analysis Team

GBP/USD Remains In Consolidation Downtrend With Positive CPI Expectations


GBP/USD still trades inside Nov. 2nd candle shadow with failure to break lower or higher, thus entering eighth trading consolidation session, and remains bearish with heavy selloff wave.

Yesterday, the cable rallied to 1.3179 high but failed to press forward, retreated to 1.3061 low, and closed at 1.3113. Today, GBP/USD is trading narrow with 38-pips price action after plunging to 1.3090 low.

As for Fundamentals, UK is set to release Inflation (CPI) data with high anticipation for a record above 3.1% with 0.2 point basis, but still it is not clear how market will react for such data release especially after the pair was already priced in for last BOE's rate hike. Shortly afterwards Carney will cross wires a long with major governors key speakers.

Analysts at TDS are looking for UK headline CPI to accelerate from 3.0% to a firmly outside the target band level of 3.3% y/y in October, leaving us above consensus (3.1%) and the BoE’s forecast from the Nov IR (3.2%).

Technical Overview GBP/USD

Current price: 1.3102

Target price: 1.2950

Resistance levels: 1.3140, 1.3170, 1.3200-20

Support levels: 1.1380, 1.3035, 1.3001

Trend: Sideways Down

Comment The market is short term negative and Monday's gap lower highlights a return to down trending action, projecting an initial bear leg to 1.2950-. A close below 1.3080 should release selloffs. Stay prepared for additional near term sideways corrective congestion, but rejected rallies against Monday's gap should bear flag. A close over 1.3210* is needed to signal a trend turn back to the upside.

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Tue Nov 14, 2017 12:48 pm
FxGrow Daily Technical Analysis – 14th Nov 2017
By FxGrow Research & Analysis Team

EUR/USD Intraday: further advance.


Pivot: 1.1660
 
Our preference: long positions above 1.1660 with targets at 1.1720 & 1.1735 in extension.
 
Alternative scenario: below 1.1660 look for further downside with 1.1635 & 1.1620 as targets.
 
Comment: the RSI is bullish and calls for further upside.
 
Supports and resistances:
1.1750 ***
1.1735 ***
1.1720 ***
1.1690 Last
1.1660 ***
1.1635 *
1.1620 **

GBP/USD Intraday: key resistance at 1.3135.

 
Pivot: 1.3135
 
Our preference: short positions below 1.3135 with targets at 1.3085 & 1.3060 in extension.
 
Alternative scenario: above 1.3135 look for further upside with 1.3175 & 1.3205 as targets.
 
Comment: the upward potential is likely to be limited by the resistance at 1.3135.
 
Supports and resistances:
1.3205 **
1.3175 ***
1.3135 **
1.3105 Last
1.3085 ***
1.3060 **
1.3040 ***

USD/JPY Intraday: further upside.

 
Pivot: 113.40
 
Our preference: long positions above 113.40 with targets at 114.05 & 114.30 in extension.
 
Alternative scenario: below 113.40 look for further downside with 113.20 & 113.05 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
114.45 **
114.30 ***
114.05 ***
113.75 Last
113.40 **
113.20 *
113.05 **

AUD/USD Intraday: under pressure.


Pivot: 0.7150

Our preference: short @ 0.7625 with targets @ 0.7605 & 0.7575 in extension.
 
Alternative scenario: above 0.7640 look for further upside with 0.7665 & 0.7685 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
0.7685 *
0.7665 *
0.7640 **
0.7622 Last
0.7605 ***
0.7575 *
0.7545 **

Crude Oil‏ (WTI)‏ (Z7) Intraday: key resistance at 56.85.

 
Pivot: 56.85
 
Our preference: short positions below 56.85 with targets at 56.30 & 56.10 in extension.
 
Alternative scenario: above 56.85 look for further upside with 57.15 & 57.50 as targets.
 
Comment: the RSI is capped by a declining trend line.
 
Supports and resistances:
57.50
57.15
56.85
56.55 Last
56.30
56.10
55.65

Gold spot Intraday: under pressure.

 
Pivot: 1280.00
 
Our preference: short positions below 1280.00 with targets at 1273.00 & 1270.00 in extension.
 
Alternative scenario: above 1280.00 look for further upside with 1283.00 & 1285.50 as targets.
 
Comment: the RSI is below its neutrality area at 50%
 
Supports and resistances:
1285.50
1283.00
1280.00
1276.42 Last
1273.00
1270.00
1266.00


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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Wed Nov 15, 2017 11:56 am
FxGrow Daily Technical Analysis – 15th Nov 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: continuation of the rebound.

 
Pivot: 1.3125
 
Our preference: long positions above 1.3125 with targets at 1.3190 & 1.3230 in extension.
 
Alternative scenario: below 1.3125 look for further downside with 1.3085 & 1.3060 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.3265 **
1.3230 ***
1.3190 ***
1.3165 Last
1.3125 ***
1.3085 ***
1.3060 ***

USD/JPY Intraday: under pressure.

 
Pivot: 113.50
 
Our preference: short positions below 113.50 with targets at 112.50 & 112.30 in extension.
 
Alternative scenario: above 113.50 look for further upside with 113.70 & 113.90 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
113.90 ***
113.70 ***
113.50 ***
113.00 Last
112.50 **
112.30 **
112.10 ***

EUR/USD Intraday: further advance.

 
Pivot: 1.1775
 
Our preference: long positions above 1.1775 with targets at 1.1865 & 1.1880 in extension.
 
Alternative scenario: below 1.1775 look for further downside with 1.1730 & 1.1700 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.1900
1.1880
1.1865
1.1824 Last
1.1775
1.1730
1.1700

AUD/USD Intraday: consolidation.

 
Pivot: 0.7610
 
Our preference: short positions below 0.7610 with targets at 0.7570 & 0.7550 in extension.
 
Alternative scenario: above 0.7610 look for further upside with 0.7625 & 0.7650 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
0.7650 ***
0.7625 *
0.7610 ***
0.7585 Last
0.7570 ***
0.7550 *
0.7525 **

Crude Oil‏ (WTI)‏ (Z7) Intraday: the downside prevails.

 
Pivot: 55.80
 
Our preference: short positions below 55.80 with targets at 54.60 & 54.40 in extension.
 
Alternative scenario: above 55.80 look for further upside with 56.25 & 56.60 as targets.
 
Comment: the RSI is capped by a bearish trend line.
 
Supports and resistances:
56.60
56.25
55.80
55.15 Last
54.60
54.40
54.10

Gold spot Intraday: further advance.

 
Pivot: 1276.50
 
Our preference: long positions above 1276.50 with targets at 1286.00 & 1288.50 in extension.
 
Alternative scenario: below 1276.50 look for further downside with 1271.00 & 1266.00 as targets.
 
Comment: the RSI is bullish and calls for further upside.
 
Supports and resistances:
1291.00
1288.50
1286.00
1282.62 Last
1276.50
1271.00 
1266.00

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Thu Nov 16, 2017 6:39 am
FxGrow Daily Technical Analysis – 15th Nov 2017
By FxGrow Research & Analysis Team

EURO Bulls Takes Over Dollar Bears, Eyes On CPI


EUR/USD bulls were highly occupied yesterday with 143-pips price action and 1.1805 high. Today, the pair extended the upward destination and clocked 1.1852 high, currently trading 1.1836 intraday.

Apparently, comments yesterday by Fed's Bullard indicating that current interest rate level likely to remain appropriate over near-term weighted negatively on the DXY, losing $1.10 value since yesterday which broke daily rising trend line and closed below it.

Market is currently in action, but suspense will increase shortly as U.S releases multi inflation figures with CPI and Core CPI in focus. Today's data is vital and it will re-shape the odds of potential Dec. Fed hike. 

 

EUR/USD Technical Overview:

Closing price: 1.1797

Target price: 1.1934

Resistance levels: 1.1880, 1.1934*

Support levels:  1.1781 , 1.1731

Trend: Up

Comment Yesterday's surge higher triggers a short term bottoming upturn and projects a drive to 1.1934*. Trade is poised for continuation rallies today. Any corrections that hang in the upper half of yesterday's upturn should bull flag. Only a close under 1.1731* stops the upswing anf warns for corrective congestion along 1.1700+/-. 

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Thu Nov 16, 2017 11:26 am
FxGrow Daily Technical Analysis – 16th Nov 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: under pressure.

 
Pivot: 1.3185
 
Our preference: short positions below 1.3185 with targets at 1.3130 & 1.3110 in extension.
 
Alternative scenario: above 1.3185 look for further upside with 1.3215 & 1.3250 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.3250
1.3215
1.3185
1.3152 Last
1.3130
1.3110
1.3080

USD/JPY Intraday: continuation of the rebound.

 
Pivot: 112.70
 
Our preference: long positions above 112.70 with targets at 113.50 & 113.75 in extension.
 
Alternative scenario: below 112.70 look for further downside with 112.45 & 112.15 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
113.90 ***
113.75 ***
113.50 ***
113.07 Last
112.70 **
112.45 **
112.15 ***

EUR/USD Intraday: consolidation.

 
Pivot: 1.1805
 
Our preference: short positions below 1.1805 with targets at 1.1760 & 1.1725 in extension.
 
Alternative scenario: above 1.1805 look for further upside with 1.1830 & 1.1860 as targets.
 
Comment: a break below 1.1760 would trigger a drop towards 1.1725.
 
Supports and resistances:
1.1860
1.1830
1.1805
1.1775 Last
1.1760
1.1725
1.1700

AUD/USD Intraday: under pressure.

 
Pivot: 0.7610
 
Our preference: short positions below 0.7610 with targets at 0.7570 & 0.7550 in extension.
 
Alternative scenario: above 0.7610 look for further upside with 0.7630 & 0.7650 as targets.
 
Comment: the upward potential is likely to be limited by the resistance at 0.7610.
 
Supports and resistances:
0.7650 ***
0.7630 *
0.7610 ***
0.7590 Last
0.7570 ***
0.7550 *
0.7525 **

Gold spot Intraday: key resistance at 1280.00.

 
Pivot: 1280.00
 
Our preference: short positions below 1280.00 with targets at 1274.00 & 1271.00 in extension.
 
Alternative scenario: above 1280.00 look for further upside with 1283.00 & 1286.50 as targets.
 
Comment: the RSI lacks upward momentum.
 
Supports and resistances:
1286.50
1283.00
1280.00
1276.70 Last
1274.00
1271.00
1266.00

Crude Oil‏ (WTI)‏ (Z7) Intraday: turning up.

 
Pivot: 55.15
 
Our preference: long positions above 55.15 with targets at 55.80 & 56.05 in extension.
 
Alternative scenario: below 55.15 look for further downside with 54.80 & 54.40 as targets.
 
Comment: the RSI is bullish and calls for further advance.
 
Supports and resistances:
56.30
56.05
55.80
55.42 Last
55.15
54.80
54.40



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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Fri Nov 17, 2017 10:48 am
FxGrow Daily Technical Analysis – 17th Nov 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: further advance.

 
Pivot: 1.3175
 
Our preference: long positions above 1.3175 with targets at 1.3275 & 1.3300 in extension.
 
Alternative scenario: below 1.3175 look for further downside with 1.3135 & 1.3110 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.3320
1.3300
1.3275
1.3230 Last
1.3175
1.3135
1.3110

USD/JPY Intraday: under pressure.

 
Pivot: 113.00
 
Our preference: short positions below 113.00 with targets at 112.15 & 111.90 in extension.
 
Alternative scenario: above 113.00 look for further upside with 113.30 & 113.55 as targets.
 
Comment: technically the RSI is below its neutrality area at 50.
 
Supports and resistances:
113.55 ***
113.30 ***
113.00 ***
112.60 Last
112.15 **
111.90 ***
111.60 **

EUR/USD Intraday: the upside prevails.

 
Pivot: 1.1760
 
Our preference: long positions above 1.1760 with targets at 1.1830 & 1.1860 in extension.
 
Alternative scenario: below 1.1760 look for further downside with 1.1725 & 1.1700 as targets.
 
Comment: the RSI lacks downward momentum.
 
Supports and resistances:
1.1880
1.1860
1.1830
1.1796 Last
1.1760
1.1725
1.1700

AUD/USD Intraday: under pressure.

 
Pivot: 0.7605
 
Our preference: short positions below 0.7605 with targets at 0.7525 & 0.7490 in extension.
 
Alternative scenario: above 0.7605 look for further upside with 0.7630 & 0.7650 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
0.7650 ***
0.7630 *
0.7605 ***
0.7560 Last
0.7525 ***
0.7490 **
0.7470 ***

Gold spot Intraday: the upside prevails.

 
Pivot: 1277.00
 
Our preference: long positions above 1277.00 with targets at 1286.50 & 1289.50 in extension.
 
Alternative scenario: below 1277.00 look for further downside with 1273.00 & 1270.00 as targets.
 
Comment: the RSI is bullish and calls for further advance.
 
Supports and resistances:
1293.00
1289.50
1286.50
1282.20 Last
1277.00
1273.00
1270.00

Crude Oil‏ (WTI)‏ (Z7) Intraday: caution.

 
Pivot: 55.48
 
Our preference: short positions below 55.48 with targets at 55.00 & 54.80 in extension.
 
Alternative scenario: above 55.48 look for further upside with 55.80 & 56.05 as targets.
 
Comment: the RSI is mixed and calls for caution.
 
Supports and resistances:
56.05
55.80
55.48
55.37 Last
55.00
54.80
54.40

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Tue Nov 21, 2017 11:40 am
FxGrow Daily Technical Analysis – 21st Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: the bias remains bullish.

 
Pivot: 1.3220
 
Our preference: long positions above 1.3220 with targets at 1.3280 & 1.3300 in extension.
 
Alternative scenario: below 1.3220 look for further downside with 1.3200 & 1.3180 as targets.
 
Comment: the RSI advocates for further upside.
 
Supports and resistances:
1.3320
1.3300
1.3280
1.3250 Last
1.3220
1.3200
1.3180

USD/JPY Intraday: the bias remains bullish.

 
Pivot: 112.20
 
Our preference: long positions above 112.20 with targets at 112.75 & 113.00 in extension.
 
Alternative scenario: below 112.20 look for further downside with 111.90 & 111.60 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
113.35 ***
113.00 ***
112.75 ***
112.45 Last
112.20 **
111.90 ***
111.60 **

EUR/USD Intraday: consolidation.

 
Pivot: 1.1770
 
Our preference: short positions below 1.1770 with targets at 1.1720 & 1.1685 in extension.
 
Alternative scenario: above 1.1770 look for further upside with 1.1810 & 1.1850 as targets.
 
Comment: the RSI lacks upward momentum.
 
Supports and resistances:
1.1850
1.1810
1.1770
1.1745 Last
1.1720
1.1685
1.1650

AUD/USD Intraday: the downside prevails.

 
Pivot: 0.7570
 
Our preference: short positions below 0.7570 with targets at 0.7510 & 0.7490 in extension.
 
Alternative scenario: above 0.7570 look for further upside with 0.7590 & 0.7610 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
0.7610 ***
0.7590 **
0.7570 ***
0.7535 Last
0.7510 ***
0.7490 **
0.7465 ***

Crude Oil? (WTI)? (F8) Intraday: rebound expected.

 
Pivot: 56.25
 
Our preference: long positions above 56.25 with targets at 56.65 & 56.95 in extension.
 
Alternative scenario: below 56.25 look for further downside with 55.95 & 55.75 as targets.
 
Comment: the RSI is mixed with a bullish bias.
 
Supports and resistances:
57.20
56.95
56.65
56.45 Last
56.25
55.95
55.75

Gold spot Intraday: key resistance at 1285.00.

 
Pivot: 1285.00
 
Our preference: short positions below 1285.00 with targets at 1274.00 & 1271.50 in extension.
 
Alternative scenario: above 1285.00 look for further upside with 1290.00 & 1293.50 as targets.
 
Comment: the upward potential is likely to be limited by the resistance at 1285.00.
 
Supports and resistances:
1293.50
1290.00
1285.00
1280.70 Last
1274.00
1271.50
1266.00

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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Wed Nov 22, 2017 2:07 pm
FxGrow Daily Technical Analysis – 22nd Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: supported by a rising trend line.

 
Pivot: 1.3220
 
Our preference: long positions above 1.3220 with targets at 1.3280 & 1.3300 in extension.
 
Alternative scenario: below 1.3220 look for further downside with 1.3200 & 1.3180 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
1.3320
1.3300
1.3280
1.3250 Last
1.3220
1.3200
1.3180

USD/JPY Intraday: under pressure.

 
Pivot: 112.50
 
Our preference: short positions below 112.50 with targets at 111.95 & 111.70 in extension.
 
Alternative scenario: above 112.50 look for further upside with 112.70 & 113.00 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
113.00 ***
112.70 ***
112.50 ***
112.20 Last
111.95 ***
111.70 ***
111.35 ***

EUR/USD Intraday: continuation of the rebound.

 
Pivot: 1.1730
 
Our preference: long positions above 1.1730 with targets at 1.1775 & 1.1810 in extension.
 
Alternative scenario: below 1.1730 look for further downside with 1.1710 & 1.1685 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.1850
1.1810
1.1775
1.1765 Last
1.1730
1.1710
1.1685

AUD/USD Intraday: bullish bias above 0.7555.

 
Pivot: 0.7555
 
Our preference: long positions above 0.7555 with targets at 0.7590 & 0.7610 in extension.
 
Alternative scenario: below 0.7555 look for further downside with 0.7530 & 0.7510 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
0.7635 ***
0.7610 ***
0.7590 ***
0.7575 Last
0.7555 ***
0.7530 ***
0.7510 **

Crude Oil‏ (WTI)‏ (F8) Intraday: further advance.

 
Pivot: 57.20
 
Our preference: long positions above 57.20 with targets at 58.15 & 58.60 in extension.
 
Alternative scenario: below 57.20 look for further downside with 56.85 & 56.55 as targets.
 
Comment: the RSI advocates for further upside.
 
Supports and resistances:
59.00
58.60
58.15
57.86 Last
57.20
56.85
56.55

Gold spot Intraday: continuation of the rebound.

 
Pivot: 1276.00
 
Our preference: long positions above 1276.00 with targets at 1290.00 & 1293.50 in extension.
 
Alternative scenario: below 1276.00 look for further downside with 1271.50 & 1266.00 as targets.
 
Comment: the RSI is supported by a bullish trend line.
 
Supports and resistances:
1297.00
1293.50
1290.00
1283.80 Last
1276.00
1271.50
1266.00

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.
FxGrow Support
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Thu Nov 23, 2017 10:33 am
FxGrow Daily Technical Analysis – 23rd Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: further advance.

 
Pivot: 1.3280
 
Our preference: long positions above 1.3280 with targets at 1.3345 & 1.3375 in extension.
 
Alternative scenario: below 1.3280 look for further downside with 1.3255 & 1.3220 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.3405
1.3375
1.3345
1.3310 Last
1.3280
1.3255
1.3220

USD/JPY Intraday: the downside prevails.

 
Pivot: 111.95
 
Our preference: short positions below 111.95 with targets at 111.00 & 110.65 in extension.
 
Alternative scenario: above 111.95 look for further upside with 112.40 & 112.70 as targets.
 
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
 
Supports and resistances:
112.70
112.40
111.95
111.50 Last
111.00
110.65
110.25

EUR/USD Intraday: the bias remains bullish.

 
Pivot: 1.1785
 
Our preference: long positions above 1.1785 with targets at 1.1850 & 1.1880 in extension.
 
Alternative scenario: below 1.1785 look for further downside with 1.1755 & 1.1735 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
1.1910
1.1880
1.1850
1.1820 Last
1.1785
1.1755
1.1735

AUD/USD Intraday: the upside prevails.

 
Pivot: 0.7590
 
Our preference: long positions above 0.7590 with targets at 0.7625 & 0.7650 in extension.
 
Alternative scenario: below 0.7590 look for further downside with 0.7560 & 0.7530 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
0.7675 ***
0.7650 ***
0.7625 ***
0.7610 Last
0.7590 ***
0.7560 ***
0.7530 ***

Crude Oil‏ (WTI)‏ (F8) Intraday: supported by a rising trend line.

 
Pivot: 57.50
 
Our preference: long positions above 57.50 with targets at 58.20 & 58.60 in extension.
 
Alternative scenario: below 57.50 look for further downside with 57.15 & 56.85 as targets.
 
Comment: the RSI lacks downward momentum.
 
Supports and resistances:
59.00
58.60
58.20
57.90 Last
57.50
57.15
56.85

Gold spot Intraday: bullish bias above 1284.00.

 
Pivot: 1284.00
 
Our preference: long positions above 1284.00 with targets at 1297.00 & 1300.00 in extension.
 
Alternative scenario: below 1284.00 look for further downside with 1279.00 & 1276.00 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
1303.50
1300.00
1297.00
1289.27 Last
1284.00
1279.00
1276.00


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
Number of messages : 523
Points : 1387
Date of Entry : 2015-08-18
Year : 37

Re: Daily Technical Analysis by FxGrow

on Fri Dec 08, 2017 9:52 am
FxGrow Daily Technical Analysis – 08th Dec, 2017
By FxGrow Research & Analysis Team

Britain and EU Strike Brexit Deal, EUR and GBP Up?

The EU and UK managed finally to reach a deal and move forward with Brexit as major news sources has just headlined as a breaking news. As a result, expectations for more upward action for British pound and some upward corrections as a retracement for the EURO. On the other hand, U.S will release major data today with NFP taking center stage.

GBP/USD technical overview:

Closing price: 1.3473

Trend: Sideways / Up

Target price: 1.3590?

Resistance levels: 1.3505, 1.3590-1.3667

Support levels: 1.3418, 1.3353*-, 1.3290

Trend reversal price: 1.3353

Comment Overall the market is short term bullish. A close over 13505 will rekindle bull trending to reach previous peaking levels at 1.3612+. A close over 1.3667 is bullish for moves to 1.3860. Be prepared for a near term slip and congestion inside the upper half of yesterday's range. Stable action over 1.3400+ suggests a build up for rallies. A close under 1.3353* highlights a topping turnover and chance for declines along 1.3200. 

EUR/USD Technical overview:

Closing price: 1.1772

Target price: 1.1760 ( Achieved)

Resistance levels: 1.1836, 1.1876-1.1897*

Support levels:  11760-50, 11700-

Trend: Sideways / Down

Trend reversal price: 1.1897

Comment: The choppy slide this week is shifting the short term trend bias down and warns for a larger unfolding selling wave to 1.1760-/1.1700. Trade is poised for selling pressures today. Trade may recover for near term congestion just over 1.1800+. However, a close over 1.1897* is needed to highlight a reversing upturn form corrections to launch a fresh bull wave near 1.2000+.

U.S Dollar Index Technical Overview:

DEC US DOLLAR

Closing price(9378)

Target price: 94.05

Resistance levels: 93.89, 94.055*

Support levels: 9343, 9318, 9294*

Trend: Sideways / Up

Trend reversal price: 92.94

Comment The market has worked into a short term bottoming / bullish pattern and targets rallies to 94.055* resistance to challenge for a larger upturn. A close over 94.055* is bullish. Any minor dips should level off into sideways basing action off the low 93.00 area. A close under 92.94* is needed to reverse back to lower prices.

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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