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

Re: Daily Technical Analysis by FxGrow

on Wed Nov 18, 2015 6:24 pm
FxGrow Daily Technical Analysis – 18th Nov, 2015
By FxGrow Research & Analysis Team

GBPPLN - above 6.0000, highest since 2006

In Poland today there was important political event. Prime Minister of the new government Beata Szydło gave expose. Very nervously was at PLN where high were established before that event. Finally, nothing alarming has been said. For example: Reduction of the CIT tax (corporate) to 15% and support for small and medium businesses, nothing about credits in CHF and "development, development, development".

After expose there was a slight decline on GBPPLN but in the longer term it moves  upward. The correction that took place in August and September was fibo 61.8% of the previous 3-month upward movement. Uptrend can be continued and the next important resistance is much higher at level 6.3500. Alternatively, if current break above 6.0000 will be a fakey (false breakout) and price will return below that level there will be a plenty of supports to break. Nearby: 5.9750, 5.9100, 5.8700.

Time-frame D1



Time-frame Monthly



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

Re: Daily Technical Analysis by FxGrow

on Thu Nov 19, 2015 12:02 pm
FxGrow Daily Technical Analysis – 19th Nov, 2015
By FxGrow Research & Analysis Team

GBPJPY - on resistance and highest since August 2015

In previous analysis of November 6 I pointed trend line and support which should cause rebound. I wrote: "The trend line was tested for the third time and this time It can be broken. The first target of falls will be the level 184.50". Indeed price reached 184.28 and dynamically rebounded. GBPJPY back to uptrend.

Currently price reached to 3-months high and rebounded. The result was an unsuccessful attempt to break through resistance. If decline will be deeper next supports are at levels: 188.00, 187.40, 186.50. At the beginning of  November at GBPJPY was a correction to fibo 50% of earlier upward movement. While uptrend line wasn't break below there is more likely back to uptrend. And if it will be and break above level 188.30 will be successful next targets for demand are at levels: 189.60, 191.30, 195.20.



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

Re: Daily Technical Analysis by FxGrow

on Thu Nov 19, 2015 6:31 pm
FxGrow Daily Technical Analysis – 19th Nov, 2015
By FxGrow Research & Analysis Team

NZDUSD - dynamic rebound from 0.6430

On Monday NZDUSD broke below support at 0.6500. It seemed that declines may be deeper. However already first support at 0.6430 caused rebound. Currently dollar strengthenes at all of the battlefronts and this wave begun after FOMC minutes which were published on Wednesday. Fundamentally there are no reasons to rebound, because first hike of interest rate may - but do not have to - be during December FED meeting. Therefore this upward movement must be treated as correction as long as last high at 0.6880 is not broke above.

Next resistances which may cause declines are at levels: 0.6574, 0.6630, 0.6710. Alternatively if there will be rebound nearest supports are at levels: 0.6500, 0.6430.

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

Re: Daily Technical Analysis by FxGrow

on Fri Nov 20, 2015 1:33 pm
FxGrow Daily Technical Analysis – 20th Nov, 2015
By FxGrow Research & Analysis Team

AUDCAD - new upward wave or triple top pattern

Previous analysis of November 12 gave a profit more than 100 pips. I wrote: "AUDCAD may test 0.9490. After break above this level target for the demand is at 0.9580, but fast break above is unlikely. If price rebounds, next supports will be located at: 0.9440, 0.9370". So it happened, price after reaching 0.9580 level rebounded and correction lasted a one week. Correction ended 8 pips below level pointed in analysis at 0.9432.
Today upward movement reached 0.9600 level. Triple top pattern may complicate breaking above this resistance If it succeeds next target for demand are at levels: 0.9630, 0.9740. A little higher that 0.9740 there is a downtrend line and that level certainly will make rebound and return to main trend which is downtrend. However if there was rebound right now nearest supports are at levels: 0.9490, 0.9440.



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

Re: Daily Technical Analysis by FxGrow

on Fri Nov 20, 2015 5:58 pm
FxGrow Daily Technical Analysis – 20th Nov, 2015
By FxGrow Research & Analysis Team

USDCHF - highest since 2015

Dollar continues its uptrend rally on most of the currency pairs. Interesting situation can be seen at USDCHF, where price reached level in which was last time in the January 2015. Then it was finished by dramatically drop from 1.0230 to 0.7810. Since a month there is a dynamic upward movement without any bigger correction. Currently price reached to resistance and that level should bring declines or maybe even a deeper correction. Strong support levels are at 1.0000, 0.9900, 0.9500.



Wider view, time-frame monthly

Long-term perspective depends on what level USDCHF will end this month. Since 5 years there wasn't end of the month above 1.0000. If demand will end this month at current levels it will be more likely that upward movement will be continued in the next month. The next strong resistance are at levels: 1.0700, 1.1280.


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

Re: Daily Technical Analysis by FxGrow

on Mon Nov 23, 2015 12:17 pm
FxGrow Daily Technical Analysis – 23rd Nov, 2015
By FxGrow Research & Analysis Team

USDJPY - resistance at level 123.20 is a trouble for demand

Since mid-October USDJPY moves in uptrend. This isn't a vertical upward movement, but higher highs and higher lows shows that trend is continue. Since two weeks demand has a problem with break above level at 123.20. Two times such attempt ended as fakey. Positive for the bulls is the fact that declines have stopped already at fibo 38.2% therefore bears do not have yet a lot to say.

If resistance at 123.20 will be break above next targets for bulls are at levels: 124.50, 125.20 and 125.85 which is this year's high. After leaving on a new high strong resistance is at level 135.15 which is high from 2002 year. If there was correction, nearest supports are at levels: 122.23, 122.00, 121.45.



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

Re: Daily Technical Analysis by FxGrow

on Mon Nov 23, 2015 8:47 pm
FxGrow Daily Technical Analysis – 23rd Nov, 2015
By FxGrow Research & Analysis Team

AUDNZD - highest since September 2015

AUDNZD continue its upward rally. In November price increased more than 500 pips. There was a return to consolidation in which price moved from June to October (see orange lines).

Today demand has confirmed its strength breaking above resistance at 1.1027 and test of 1.1330 and 1.1440 levels seems to be a matter of time. Break above level 1.1400 give a signal to realization of huge head and shoulders pattern. Range of upward movement which is estimated by distance between head and neck line reaches to level 1.2560. In case of rebound nearest supports are at levels:  1.1027, 1.0950, 1.0880.

Time-frame H4:


 
Time-frame W1:


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

Re: Daily Technical Analysis by FxGrow

on Mon Nov 23, 2015 10:07 pm
FxGrow Daily Technical Analysis – 23rd Nov, 2015
By FxGrow Research & Analysis Team

AUDNZD - highest since September 2015

AUDNZD continue its upward rally. In November price increased more than 500 pips. There was a return to consolidation in which price moved from June to October (see orange lines).

Today demand has confirmed its strength breaking above resistance at 1.1027 and test of 1.1330 and 1.1440 levels seems to be a matter of time. Break above level 1.1400 give a signal to realization of huge head and shoulders pattern. Range of upward movement which is estimated by distance between head and neck line reaches to level 1.2560. In case of rebound nearest supports are at levels:  1.1027, 1.0950, 1.0880.

Time-frame H4:


 
Time-frame W1:




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

Re: Daily Technical Analysis by FxGrow

on Tue Nov 24, 2015 12:33 pm
FxGrow Daily Technical Analysis – 24th Nov, 2015
By FxGrow Research & Analysis Team

EURAUD – rebound from level 1.4700

Previous analysis of November 13 gave profit 350 pips. I wrote: "Support at 1.5150 was break below and downward movement is continuing in direction of level 1.5000. After break below support at 1.5000 target of falls will be 1.4730, 1.4400". Actually falls reached to level 1.4700 and yesterday was a rebound.

There is a possibility that at current level will be a rebound or even trend reversal because that level is supported by fibo 61,8% of previous upward movement. If rebound will be succeed resistances are at levels: 1.5000, 1.5270, 1.5500. However if support at 1.4700 will be break below nearest supports are at levels 1.4400, 1.4000.



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

Re: Daily Technical Analysis by FxGrow

on Tue Nov 24, 2015 6:07 pm
FxGrow Daily Technical Analysis – 24th Nov, 2015
By FxGrow Research & Analysis Team

GBPUSD - downtrend returns after the end of simple correction

Dollar weakened today after statements of FED members regarding interest rate hikes. Rapid achievement of the inflation target of 2% isn't so sure at this moment and it may influent the rate hikes dynamics.

GBPUSD has returned to the main downward trend. All upward movements which took place since November 5 were a simple ABCD correction. That correction was harmonic CD = 61,8% * AB. Supports at levels 1.5250, 1.5120 were broken below. Nearest target of falls is low of November at level 1.5035. After its break next support is at level 1.4970 (April 2015 level).



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

Re: Daily Technical Analysis by FxGrow

on Wed Nov 25, 2015 11:16 am
FxGrow Daily Technical Analysis – 25th Nov, 2015
By FxGrow Research & Analysis Team

AUDUSD - rebound reached to resistance

Since November 19 on AUDUSD is rebound because downtrend line was break above. Upward movement reached to resistance at level 0.7270 and 30 pips higher at level 0.7300 there is fibo 78.6% of previous downward movement. If demand will be strong next resistances are at levels 0.7340, 0.7420. However if there will be a rebound, nearest supports are at levels 0.7250, 0.7210, 0.7080.

Wider view. time-frame W1

Since 2011 AUDUSD moves in downtrend. At this time price moved down by 4000 pips. Low was tested at August 2015 at level 0.6900, it was important level 7 and 11 years ago. However if that support will be break below falls may reach to more important support at 0.6350.




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

Re: Daily Technical Analysis by FxGrow

on Wed Nov 25, 2015 6:38 pm
FxGrow Daily Technical Analysis – 25th Nov, 2015
By FxGrow Research & Analysis Team

EURUSD below 1.0600 - getting closer to test of this year's low

Today's macro data series from the US economy led to a further strengthening of the dollar. Published data of durable goods orders are better that expected and US citizens income raised month to month. What is more, jobless claims fell by 13000.

It is another week when EURUSD deepens its lows. And it's hard to think about bigger rebound while low of this year wasn't tested again. Target for declines is at level 1.0500 and there should be rebound. Because for a quite long time EURUSD falls without any correction. If there will be rebound nearest resistances are at levels: 1.0600, 1.0680, 1.0730.

Time-frame M30:


 
Time-frame D1:



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

Re: Daily Technical Analysis by FxGrow

on Thu Nov 26, 2015 11:52 am
FxGrow Daily Technical Analysis – 26th Nov, 2015
By FxGrow Research & Analysis Team

USDCAD - another test of resistance 1.3400 without a deep rebound

On Monday for the second time was tested resistance at level 1.3400. Right now rebound after that test is low. First test was in September 29 and rebound regressed price of 550 pips what took two weeks. In the coming days demand should to carry out another attack at the resistance. Deeper declines appear only when dollar start a correction of the current strengthening. Importance of level 1.3400 is visible only at monthly interval. At this level the price reacted many times in the years 1992-2005. If this resistance will be break above next target for demand is at the level 1.3860. However if there will be a rebound nearest supports are at levels: 1.3280, 1.3180 and 1.3060 which is strengthened by uptrend line.

Time-frame H4


 
Time-frame Monthly

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

Re: Daily Technical Analysis by FxGrow

on Thu Nov 26, 2015 6:26 pm
FxGrow Daily Technical Analysis – 26th Nov, 2015
By FxGrow Research & Analysis Team

AUDJPY - rebound from important resistance

After dynamic falls in August, AUDJPY did not deepen established lows. Even more upward movement is getting stronger. Demand has exceeded the fibo 61,8% level of August's downward movement. Strong resistance, which make rebound is the downward gap from August 24. Break above 89.30 will be a strong buy signal.

However at this moment it is more likely that decline will be a little deeper before demand will test for the second time pointed resistance. Nearest supports are at levels 88.10, 87.40, 86.50, 85.50. If 89.30 breaks next resistance is at 90.30 but upward movement could reach much higher.

Time-frame H4



Time-frame D1



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

Re: Daily Technical Analysis by FxGrow

on Fri Nov 27, 2015 12:14 pm
FxGrow Daily Technical Analysis – 27th Nov, 2015
By FxGrow Research & Analysis Team

EURJPY - this year's lows at the viewfinder of supply

Since half year price moves in downward trend. On last Friday supply break below important support at 131.00 level. Today EURJPY drop below 130.00. Nearest target of declines is level 128.80. Below it is strong support at 127.20 level. Currently it is more likely if there won't be any macro data which could make upward movement, only 127.20 level could make a rebound.


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

Re: Daily Technical Analysis by FxGrow

on Tue Dec 01, 2015 8:39 am
FxGrow Daily Technical Analysis – 30th Nov, 2015
By FxGrow Research & Analysis Team

EURCAD - close to break below support

Since 2012 there is a huge volatility at EURCAD. Clear trends last many months, and later there is no consolidation, but new dynamic trends. Since August 2015 from 1.5560 level there is a downward move, which currently approaches fibo 61.8% level. At that level fibo 61,8% coincides with support and round 1.4000. Test of that level should occur during few next sessions.

That level will be a good moment for price to rebound. Even if rebound will not be very strong, it still should occur. Nearest resistances: 1.4260, 1.4360, 1.4550, 1.4640. However if rebound will be too weak and pointed supports will be broken, next base level for bulls can be found at: 1.3760, 1.3560, 1.3400, 1.3230, 1.3100


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

Re: Daily Technical Analysis by FxGrow

on Tue Dec 01, 2015 11:11 am
FxGrow Daily Technical Analysis – 01st Dec, 2015
By FxGrow Research & Analysis Team

AUDCAD - break above strong resistance, nearest target 0.9750

Today AUDCAD break above strong resistance at 0.9660 and with strong upward candle moving toward next resistance. So high was for the last time in August 2015. During few next sessions it could be a withdrawal and descent should be stopped at new support 0.9660. If another resistance will be break above next base level for bulls can be found at: 0.9870 but it will be hard what I show below.


 
Wider view, time-frame W1
Since march 2014 AUDCAD moves in downward trend what confirms lower highs and lower lows. However since September 2015 there is a rebound, which is moving to resistance coincides with fibo 50% and downtrend line. Pointed level which should stopped upward movement is 0.9750. Its easy break above will not be easy and should be preceded by consolidation, otherwise the price can quickly return to a downtrend.


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

Re: Daily Technical Analysis by FxGrow

on Wed Dec 02, 2015 2:51 am
FxGrow Daily Technical Analysis – 01st Dec, 2015
By FxGrow Research & Analysis Team

EURUSD - moves up after macro data

Surprising data from the US economy cause dynamic upward movement at EURUSD. The ISM index was lower than forecasts. Instead of the expected 50,4 index dropped to 46,6 which means entry into the recession zone. Currently EURUSD moves under low volatility and since 1,5 months there wasn't bigger rebound. Also price rebounded today from 1.0570 level which is the last support before this year's low.

This all may indicate that it's time for an upward correction. Targets for the bulls are located at: 1.0640, 1.0690, 1.0760. Stronger upward movement is currently unlikely until Thursday, when ECB meeting takes place. The market expects further easing of monetary policy, and this should lead to further declines in EURUSD
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Wed Dec 02, 2015 5:50 pm
FxGrow Daily Technical Analysis – 02nd Dec, 2015
By FxGrow Research & Analysis Team

GBPUSD – attempts of support defense at 1.5000 level

GBPUSD began this week at new 6-months low. And today after one-session break, price deepened the low. If support at 1.5000 breaks, nearest target will be at: 1.4740 and next at area 1.4600-1.4565 which is a 5-year low. Alternatively if rebound occurs, the next resistances will be at: 1.5120, 1.5240, 1.5370.

Perspective of the first rate hike in USA causes the dollar strengthening against most of the currencies. Further direction of GBPUSD movement is dependent on Friday's Non-farm Payrolls.




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

Re: Daily Technical Analysis by FxGrow

on Thu Dec 03, 2015 11:51 am
FxGrow Daily Technical Analysis – 03rd Dec, 2015
By FxGrow Research & Analysis Team

USDJPY - another attempt of breaking above consolidation upper limit

Since a month USDJPY moves in a consolidation between 122.20 - 123.60, yesterday we saw an unsuccessful attempt of breaking above consolidation upper limit. That breakout may occur today, after ECB meeting or tomorrow after Non-farm Payrolls. If upper limit of consolidation breaks, next resistances will be seen near: 124.40, 125.10. Alternatively if price moves down next supports will be at levels: 121.40, 120.30, 118.80.

In a long term, since 2012 USDJPY moves in an uptrend. However since six months we did not see a new high. It is possible that the correction is coming to an end which is currently more likely than trend reversal. Breaking above year-to-date high (125.85) will signal that price returned to an uptrend.



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

Re: Daily Technical Analysis by FxGrow

on Fri Dec 04, 2015 12:32 pm
FxGrow Daily Technical Analysis – 04th Dec, 2015
By FxGrow Research & Analysis Team

EURAUD - dynamic upward movement, but this is only a correction

Since August 2015 EURAUD moves in downward trend. Yesterday price dynamically rebounded from support area 1.4350 and within a few hours made upward movement (620 pips). Awaken expectations after Thursday ECB meeting helped here a lot: central bank didn't extend QE program what was expected.

However market overreacted and that was caused not due to the lack of correction for a long time but due to the ECB. Current rebound has to be treated just like a correction before new wave of falls. Today price reached Fibonnaci 23,6% 1.4870 and resistance 1.4990. But rebound can reach higher, good level is Fibonacci 38,2% at 1.5200. Don't forget about today's very important data from US economy which may cause volatility on the market (similiar to the yesterday's one).




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

Re: Daily Technical Analysis by FxGrow

on Fri Dec 04, 2015 6:24 pm
FxGrow Daily Technical Analysis – 04th Dec, 2015
By FxGrow Research & Analysis Team

AUDUSD - highest since August 2015

Today one of the most volatile currency was AUDUSD. Despite today's non-farm payrolls market behaved calmly. Reading was in line with forecasts and reaction wasn't too big. AUDUSD within 15 minutes reached to December's low and rebounded. An hour later price broke above December's high. In a long term there is downtrend so you may want to look into resistances. Rebound from one of them should bring new wave of falls.

Next resistances are at levels: 0.7380, 0.7600, 0.7800, 0.7900. Only break above 0.8000 will give a chance to trend reversal. Current rebound has a chance to reach Fibonacci 38.2% level (0.7000) which is supported by resistance. If one of that resistances cause rebound nearest target of falls are at 0.7020, 0.6900.


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

Re: Daily Technical Analysis by FxGrow

on Mon Dec 07, 2015 10:51 am
FxGrow Daily Technical Analysis – 07th Dec, 2015
By FxGrow Research & Analysis Team

GBPNZD - fibo 38.2% level stopped declines
Since August 24 at GBPNZD there is a correction. Currently price reached to fibo 38.2% level of full upward impuls. However it seems that this is not the end of declines. The current downward movement took the form of simple correction ABC. If there will be often seen equal where lengths A=C declines may occur to the level of 2.0800.



Wider view, time-frame W1
Since April 2014 GBPNZD moves in uptrend. The most dynamic movement took place between April and August 2015. Then the attempt of break resistance at 2.4600 level has failed, and rebound continues to this day. The current decline in the long term should only be correction, after that price may return to uptrend. The trend shows fact that last low was established in April 2013 and in next months the price reached new highs and new lows.



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

Re: Daily Technical Analysis by FxGrow

on Mon Dec 07, 2015 6:32 pm
FxGrow Daily Technical Analysis – 07th Dec, 2015
By FxGrow Research & Analysis Team

EURGBP - it's time for a second test of resistance at 0.7250

Last analysis from November 27 gave earn 120 pips. I wrote about consolidation and possible target of upward movement at 0.7200. In fact that movement reached 50 pips higher and rebounded. In long term EURGBP moves in a downward trend and current rebound could be seen as an opportunity for short.

For the trend reversal the price should break above resistance at 0.7480 level. If the declines will be continue next supports are located at levels: 0.7155, 0.7125, 0.7060. If there will be another attack at the resistance on area 0.7250 which is more likely and it failed it will give an interesting investment opportunity.



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

Re: Daily Technical Analysis by FxGrow

on Tue Dec 08, 2015 11:32 am
FxGrow Daily Technical Analysis – 08th Dec, 2015
By FxGrow Research & Analysis Team

AUDCAD - 500 pips of upward movement without correction

Since November 11 AUDCAD moves in an uptrend rally. Price moved upward 500 pips without correction and 3 resistances were broken above. Soon there could be a correction and minimum declines should reach 38.2% fibo. It is possible that rebound will be higher than last week's high. Two important resistances are at levels: 0.9880, 0.9980. However if there will be a rebound nearest supports are at levels: 0.9730, 0.9590, 0.9420.



Wider view, time-frame W1
AUDCAD looks very interesting at weekly time-frame. The behavior of price at current level will be important for a further direction of movement. In last week weekly candle broke above downtrend line extending from 2013. The end of current week will be really important. Any retracement may look like fake breakout and new high can give a big chances of trend change.




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

Re: Daily Technical Analysis by FxGrow

on Tue Dec 08, 2015 6:52 pm
FxGrow Daily Technical Analysis – 08th Dec, 2015
By FxGrow Research & Analysis Team

CADJPY - on its way to support at 88.90

Today CADJPY broke below support at 90.70 level. Currently declines stopped at weak support at 90.10 and we should see a return movement attempts. If price will move back above 90.70 today's movement will be a false breakout and next targets for upward movement will be the levels 91.20, 91.80, 92.40. More likely scenario is rebound - if price could reach 90.70.

Since August 25 CADJPY moves in consolidation between 93.00, 88.90. Last time at November 19 price tested upper limit of consolidation so there is a huge probability that right now lower limit of consolidation 88.90 will be tested. Breaking one of the pointed levels will give us a confirmation of consolidation end.
FxGrow Support
Broj poruka : 490
Points : 1269
Date of Entry : 2015-08-18
Godina : 36

Re: Daily Technical Analysis by FxGrow

on Wed Dec 09, 2015 12:43 pm
FxGrow Daily Technical Analysis – 09th Dec, 2015
By FxGrow Research & Analysis Team

AUDJPY - correction in upward trend

In last week 90.40 level was tested and caused rebound. Yesterday price broke below support at 89.60 level (visible at daily time-frame) and currently price will test next support 88.00. On the way there is an uptrend line, however it is more likely that price will test 88.00 and rebound after it. If supply will be strong enough another strong support is at 86.20 level.


 
Wider view, time-frame D1
Since the beginning of September 2015 AUDJPY moves in an uptrend. Last week price with strong candle broke above 89.60 level. However current week began and continues as a correction. It is likely that 88.00 could be a good level for a rebound. AUDJPY is characterized by high volatility and until there are higher highs and higher lows at daily time-frame declines should be seen as a correction in an uptrend.


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

Re: Daily Technical Analysis by FxGrow

on Wed Dec 09, 2015 5:48 pm
FxGrow Daily Technical Analysis – 09th Dec, 2015
By FxGrow Research & Analysis Team

USDJPY - monthly support has been broken

Since last month USDJPY moves in a narrow consolidation between 122.30 - 123.60. Today demand gave up after 4 defenses of support at 122.30 level. Currently return movement to the broken support is very likely. The behavior of price in this area will determine the future direction of the movement. If price will go back to consolidation, movement to 123.60 level should be easy. However if supply will confirm today's breakout, nearest target of falls is 121.45 level. Further targets for the supply were pointed below on the higher time-frame.



Wider view, time-frame W1
Since 2012 USDJPY moves in an uptrend. Trend is strong, what is confirmed by the fact that for more than a year uptrend line  hasn't been tested (dotted line on the chart below). If declines will still continue, next strong supports are at levels: area 119.00 (trend line reinforced by support), 116.00 (strong support).

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

Re: Daily Technical Analysis by FxGrow

on Thu Dec 10, 2015 12:52 pm
FxGrow Daily Technical Analysis – 10th Dec, 2015
By FxGrow Research & Analysis Team

NZDUSD - upward movement after RBNZ decision
Yesterday Reserve Bank of New Zealand announced its interest rate decision. As forecasted, main rate was reduced. This caused volatility on the NZDUSD. First, price false broke below support at 0.6610 and second dynamic upward candle reached to 0.6780 level. Further attempt to break above indicated resistance and upward movement to 0.6850 is very likely.



Wider view, time-frame D1
Since 5 months NZDUSD moves in consolidation between 0.6260 - 0.6850. Last time lower limit of the consolidation was tested in September 2015. Currently price approaches range upper limit. However price still stays below downtrend line and that suggests return to declines in the future. Right now break above 0.6900 will change sentiment and gives a hope to trend reversal.



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

Re: Daily Technical Analysis by FxGrow

on Thu Dec 10, 2015 9:01 pm
FxGrow Daily Technical Analysis – 10th Dec, 2015
By FxGrow Research & Analysis Team

GBPCHF - high volatility under the influence of central banks
Today at GBPCHF traders that were range-trading should earn a lot. Those ones who waited for a range breakout might dent their deposits. In the morning SNB took a decision on interest rates. Interest rates remained at the same level. GBPCHF failed to break above resistance and rebounded. After that it reached a daily low. Demand was supported by Bank of England and here interest rates were also unchanged what brought another upward impuls.

Time-frame M30:


If break above 1.5000 level will succeed target for upward movement is at 1.5070. Only above this level it will prove whether this rebound is likely to be a new uptrend. But if new wave of fall activates, the nearest strong support is at 1.4890 level.

Time-frame M30:



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

Re: Daily Technical Analysis by FxGrow

on Fri Dec 11, 2015 11:38 am
FxGrow Daily Technical Analysis – 11th Dec, 2015
By FxGrow Research & Analysis Team

EURUSD - markets awaits FED decision

After last week's fast upward movement, in current week demand does not give up. On Wednesday we saw a test of 50% fibo level of the previous downward movement. After that there was a shallow correction. Currently, upward movement continues and it is likely that high from last days will be exceeded.

Next Wednesday investors will know the FED decision on interest rates. If there won't be a first hike it will be a big surprise for the markets. From the fundamental side there is a divergence between the central banks policy which should result in a further weakening of the euro against the dollar. However the decision is not yet published and technically EURUSD has a chance to test the 61,8% fibo level, which is located in the area 1.1120. That level is also strengthened by resistance. Nearest resistances: 1.1030, 1.1120. Supports: 1.0910, 1.0860, 1.0810, 1.0685, 1.0630.



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

Re: Daily Technical Analysis by FxGrow

on Fri Dec 11, 2015 8:04 pm
FxGrow Daily Technical Analysis – 12th Dec, 2015
By FxGrow Research & Analysis Team

GBPUSD - on three weeks high

Today US inflation data was published. That was one of the last important macro reading before next week FED meeting. As federal reserve expected, inflation increased more rapidly than forecasted. The time of FOMC meeting is approaching and it may cause big volatility because nobody knows what will be the markets reaction on first rate hike.
At GBPUSD (H1) today demand broke above resistance at 1.5190 level and approached next resistance at 1.5240. What's interesting, this month's upward movement took the form of simple ABCD correction and price already reached D point, where AB=CD.



Wider view, time-frame D1

GBPUSD continues rebound that started on December 2nd. Nearest resistance is 1.5240 level (blue line at chart D1). Stronger resistance (monthly high) is at 1.5330 level (red dotted line at chart H1).



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

Re: Daily Technical Analysis by FxGrow

on Mon Dec 14, 2015 1:09 pm
FxGrow Daily Technical Analysis – 14th Dec, 2015
By FxGrow Research & Analysis Team

EURAUD - reached to resistance, for the last week point for the bulls

At the beginning of December there was a test of support at 1.4400 level. That level caused dynamical rebound. After impressing last week's candle (at weekly time-frame), price reached to the resistance that stopped upward movement. Currently this upward movement should be treated as a correction.

However it is likely that price will reach to 1.5500 level where is resistance and fibo 50% of last downward movement or even to 1.5720 level where is fibo 61,8%. On each of that important levels: 1.5270, 1.5500, 1.5720 bears will be looking oportunity to end that correction. When declines will back we will be able to determine in what condition are the bulls. Then it turns out if it is a chance to return to upward movement, which last at EURAUD since April 2015.


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

Re: Daily Technical Analysis by FxGrow

on Mon Dec 14, 2015 6:55 pm
FxGrow Daily Technical Analysis – 14th Dec, 2015
By FxGrow Research & Analysis Team

USDCAD - new highs, but resistance is on the horizon

Previous analysis USDCAD from November 26 gave more than a 400 pips profit. I wrote: "In the coming days demand should carry out another attack at the resistance 1.3400" and "if this resistance will be broken, next target for demand is at the level 1.3860". Actually continuation of upward movement is very dynamic and today price tested 1.3780 level.

Since 2004 price wasn't at such high levels. Currently next resistances should be looking for at monthly time-frame. It should be noted that levels from monthly time-frame aren't precise. Nearest resistances are at area: 1.3860, 1.4070. If there will be a correction nearest support is at 1.3430 level.

Time-frame H4



Time-frame monthly


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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