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Daily Technical Analysis – 23rd July, 2015
By FxGrow Research & Analysis Team
EURUSD
EURUSD was indecisive yesterday as it touched a high of 1.0961 and a low of 1.0871 remaining weak towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.0925 in the European trading session. The near term bias remains Bullish with targets of 1.1050
RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 1.0916 while Resistance is at 1.0991
23rd July 2015 – 07:51hrs GMT
GBPUSD
GBPUSD was bullish yesterday as it touched a high of 1.5638 yesterday but came down towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5619 in the European trading session. The near term bias remains Bullish with targets of 1.5700
RSI (14), ADX (14), MACD (12, 26), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 1.5631 while Resistance is at 1.5731
23rd July 2015 – 08:11hrs GMT
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.
By FxGrow Research & Analysis Team
EURUSD
EURUSD was indecisive yesterday as it touched a high of 1.0961 and a low of 1.0871 remaining weak towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.0925 in the European trading session. The near term bias remains Bullish with targets of 1.1050
RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 1.0916 while Resistance is at 1.0991
23rd July 2015 – 07:51hrs GMT
GBPUSD
GBPUSD was bullish yesterday as it touched a high of 1.5638 yesterday but came down towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5619 in the European trading session. The near term bias remains Bullish with targets of 1.5700
RSI (14), ADX (14), MACD (12, 26), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 1.5631 while Resistance is at 1.5731
23rd July 2015 – 08:11hrs GMT
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.