Daily Technical Analysis by FxGrow

[FxGrow Support]

FxGrow Daily Technical Analysis – 28th Jan, 2015
By FxGrow Research & Analysis Team

GBPAUD - new low, falls targeting 1.9900

After rebound lasting almost entire January, yesterday supply finally won and deepened latest low. If today's macroeconomic data from UK doesn't make a sentiment reversal declines will continue.

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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]

FxGrow Daily Technical Analysis – 28th Jan, 2015
By FxGrow Research & Analysis Team

EURUSD - trend continuation after FOMC

After return above 1.0800 at the beginning of the week, upward movement continues. Main doubt in this week was Thursday's FOMC decision on interest rates and more specifically the meeting protocol. In the announcement there were a dovish elements, especially indication that interest rates should be lowered because of the situation on Wall Street, and the risk of inflation associated with oil depreciation and dollar increases.

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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]

FxGrow Daily Technical Analysis – 29th Jan, 2015
By FxGrow Research & Analysis Team

USDJPY - sharply up, due to Bank of Japan interest rates cut

Previous analysis in which I indicated possibility of further BoJ policy easing and USDJPY gains, was very profitable. I wrote: "USDJPY reached to first important resistance at 118.80 and rebound occurred. If demand breaks above that resistance next targets will be at: 120.60, 121.40, 123.50". So it happened after BoJ decided to adopt negative interest rates.

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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]

FxGrow Daily Technical Analysis – 29th Jan, 2015
By FxGrow Research & Analysis Team

USDCAD - ABC correction may be already finished
Since January 20 USDCAD corrects its earlier long uptrend. Declines are already 700 pips and price reached important level. Support at 1.3970 is strengthened by Fibonacci 38,2% of earlier upward movement.

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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]

FxGrow Daily Technical Analysis – 01st Feb , 2016
By FxGrow Research & Analysis Team

CADJPY - V bottom pattern

Since the beginning of January CADJPY declined until January 20 when PIN BAR candle with a very long shadow occurred just above support at 78.90 (support from 2012). It was a first signal that rebound may occur. It happened thanks to information from BoJ about further easing action. Due to this rebound we saw a dynamic upward movement and at the chart you can see rare V bottom pattern.

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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]

FxGrow Daily Technical Analysis – 01st Feb , 2016
By FxGrow Research & Analysis Team

GBPNOK - very good moment for a rebound

GBPNOK reached important support and rebound attempt occurred once again. Admittedly, since March 2013 price moves in an uptrend, however for the last 3 months we clearly saw troubles of demand with further upward movement. Last high was reached in November 5, since then GBPNOK falls.

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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]

FxGrow Daily Technical Analysis – 02nd Feb, 2016
By FxGrow Research & Analysis Team

OIL brent - near key level above support

In previous analysis I indicated target for upward movement 36.00, I wrote: "rebounds at OIL were usually dynamic so while the key levels weren't broken current movement should be seen as a correction. Key resistances are at levels: 36.00 (former support that stopped declines in December) and 42.50".

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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]

FxGrow Daily Technical Analysis – 02nd Feb, 2016
By FxGrow Research & Analysis Team

EURUSD - another attempt of break above bearish regression channel

Demand on EURUSD definitely catched the wind. Since a week supply wasn't able to cross 1.0800 level, beside this last two days show constant upward movement. Currently price broke above bearish regression channel in which price moved since December 4.

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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]

FxGrow Daily Technical Analysis – 03rd Feb, 2016
By FxGrow Research & Analysis Team

GBPUSD - Inside upward channel
After rebound on January from 6-years low, GBPUSD continues upward movement. Since two weeks it moves in bullish regression channel. Before new uptrend impulse occurs, it is likely that price will move to the lower limit of that channel (area 1.4200). Further upward movement should be continued - current rebound didn't reach even a basic Fibonacci 38,2% level (area 1.4520) of previous downward movement.

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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]

FxGrow Daily Technical Analysis – 03rd Feb, 2016
By FxGrow Research & Analysis Team

NZDCAD - rebound after uptrend line test

NZDCAD looks very interesting. From September to December 2015 price moved in an uptrend. In the end of December correction occurred which continues till today. Downward movement took a shape of ABC simple correction and particular points can be marked already. There isn't perfect equal A = C, but other elements should help with further upward movement.

To read this Full in depth Analysis please visit FxGrowhttp://www.fxgrow.com/analysis-educ...cal-analysis-fxgrow-free-forex-analysis-tools.

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.