Daily Technical Analysis by FxGrow

FxGrow Daily Technical Analysis – 31st Aug, 2015
By FxGrow Research & Analysis Team

GBPJPY - completed a simple correction and resumption of the main trend

In a longterm on GBPJPY there is an upward trend, and last drop that started in June closer to the end. Length CD last move downward (which began on 18 August from 195.26) is equal length AB (visible on the daily chart). If last week's bottom wouldn't be break in the coming days, we may see a new move upward. Alternatively break this level could bring price to 177.80 or 161.8% fibo AB.

2015-08-31_analiza_GBPJPY-D1_zps8gg6b3nl.jpg


H1 Time-frame

At the H1 interval upward channel formed, in which the price moves for four days. After the last drop, the channel looks like a flag. It prefer a scenario that I described above as an alternative. Descent to the level of 177.80, and return to growth.

2015-08-31_analiza_GBPJPY-H1_zpshh5vmegm.jpg



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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
 
FxGrow Daily Technical Analysis – 01st Sept, 2015
By FxGrow Research & Analysis Team

EURJPY - 4 months in consolidation
After a dynamic movement from December 2014 to April 2015 in May EURJPY started move In consolidation. Main support is 133.00 and resistance 141.00. On historical chart we may see that the move without volatility like now has ended with dynamic movement. However as long as one of the sides do not obtain advantage bulls will be closing long positions on the indicated resistance and bears will be closing short positions on indicated support and consolidation will continue.

2015-09-01_analiza_EURJPY-H1_zpsfb9g4lwa.jpg


H1 Time-frame

At the interval H1 there is even greater stagnation, which runs from 26 August. Price moves in the triangle between the levels of 135.25 and 136.50.

2015-09-01_analiza_EURJPY-D1_zpsjnhvd3ve.jpg


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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
 
FxGrow Daily Technical Analysis – 01st Sept, 2015
By FxGrow Research & Analysis Team

GBPAUD - easy it's only break before upward movement

Since March 2013 GBPAUD moves in the upward movement. In early July price broke up resistance and in August was re-test. Since April 2015 GBPAUD is moving in the upward channel. Last Monday attempt to leave the channel top failed. As a result, this caused the descent to the bottom of the channel.

2015-09-01_analiza_GBPAUD-D1_zpsqindp1gr.jpg


H1 Time-frame
Descent that took place in last week took the form of a simple correction ABCD and fall in the GBPAUD stopped the 2.1420 level. For the bulls there will be a strong resistance level of 2.2100. In the short term resistance should be broken and upward movement continues.

2015-09-01_analiza_GBPAUD-H1_zpsnlp83e5r.jpg


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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
 
FxGrow Daily Technical Analysis – 02nd Sept, 2015
By FxGrow Research & Analysis Team

EURUSD fibo 78,6% stopped the descent

EURUSD rebound from top of the upward channel, additionally 1.1700 level is a resistance chich price were seen in January 2015. Currently EURUSD is in the middle of the channel. At the level 1.0850 is a lower limit of the channel and a resistance.

2015-09-02_analiza_EURUSD-D1_zpsnskbu2rf.jpg



H1 Time-frame
After descent from 1.1700 level fibo 78,6% stopped the fall. The descent took a form of a downward channel and if Friday upper limit of the channel was break. Price stabilized around the 1.1280 level. Currently move up is more likely. Alternatively broke lower limit from the last week will lead price to 1.0850.

2015-09-02_analiza_EURUSD-H1_zpsdhrofigh.jpg


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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
 
FxGrow Daily Technical Analysis – 02nd Sept, 2015
By FxGrow Research & Analysis Team

EURCAD - it's not the end of falls
EURCAD for last 4 months moves in a upward trend. Movement forms trend channel which was break up 3 weeks ago. Last week after re-test of the resistance 1.5560, price move down. Currently is on the border of the upper limit channel and support on level 1.4720. If bulls will capitulate, there is possible move to around 1.4000.

2015-09-02_analiza_EURCAD-W1_zps7y8p9gwh.jpg


H1 Time-frame
After fast move up in last week there has been a return movement which correct more than 61,8%. EURCAD at the same time created a channel in which it moves. Tonight was a failed attempt to go top of the channel, after which there was a move down. It is possible that the price will test the lower limit of the channel 1.4707. If the bears will continue the push the next target will be fibo 78,6% (level 1.4640).

2015-09-02_analiza_EURCAD-H1_zpsvxmx5t4t.jpg


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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
 
FxGrow Daily Technical Analysis – 03rd Sept, 2015
By FxGrow Research & Analysis Team

USDJPY - important resistance began a correction?

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

2015-09-03_analiza_USDJPY-H1_zpsbcujmurn.jpg


Time-frame M1

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

2015-09-03_analiza_USDJPY-M1_zpspgydksqm.jpg



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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
 
FxGrow Daily Technical Analysis – 03rd Sept, 2015
By FxGrow Research & Analysis Team

AUDCAD - breached two years support

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

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Time-frame H4

Downward trend on AUDCAD for a month took the form of a channel. The lower limit of the channel has been tested od Tuesday and since then the price is trying to bounce back. If the bulls break through resistance at 0.9360 this bounce may lead price to 0.9500, where is another resistance and the upper limit of the downward channel.

2015-09-03_analiza_AUDCAD-H4_zpsxcoemvfw.jpg



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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
 
FxGrow Daily Technical Analysis – 04th Sept, 2015
By FxGrow Research & Analysis Team

EURGBP breakout from the consolidation will indicate the direction

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

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Time-frame D1

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

2015-09-04_analiza_EURGBP-H1_zpslw2qdmnz.jpg


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 Daily Technical Analysis – 04th Sept, 2015
By FxGrow Research & Analysis Team

NZDUSD - support is broken, target of falls 0.5900

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

2015-09-04_analiza_NZDUSD-H1_zpsudvmwfqs.jpg



Time-frame W1

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

2015-09-04_analiza_NZDUSD-W1_zpsbm46oim7.jpg



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 Daily Technical Analysis – 07th Sept, 2015
By FxGrow Research & Analysis Team

EURAUD - breakout from the consolidation that lasted for three years

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

2015-09-07_analiza_EURAUD-W1_zpskxttd1fk.jpg



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

2015-09-07_analiza_EURAUD-H1_zpsawjud88a.jpg



For more in depth Research & Analysis please visit FxGrow.

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