Daily Technical Analysis by FxGrow

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FxGrow Daily Technical Analysis – 14th March, 2016
By FxGrow Research & Analysis Team

GBPUSD below important resistance

Upward movement at GBPUSD is in progress. In March situation is opposed that it was in February. In February we saw huge sell-off wave and in March price is continuing its rebound. Right now after two weeks of upward movement GBPUSD is starting below important resistance.

At charts below you can see that 1.4400 level was important in the past. This level stopped declines in 2010. It is likely that till next Wednesday (nearest FOMC meeting) price won't be very far from current level.

Time-frame W1

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.

 

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FxGrow Daily Technical Analysis – 14th March, 2016
By FxGrow Research & Analysis Team

USDJPY - movement inside big triangle pattern
Since February 26 USDJPY is moving in side trend between levels 112.30 - 114.40. It has to be noted that volatility is decreasing and at time-frame H4 triangle pattern occurred. Currently lower limit of the triangle should be found at 112.60 and upper limit at 114.30. After breaking one of indicated levels, dynamic movement is expected.

Time-frame H4

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.

 

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FxGrow Daily Technical Analysis – 15th March, 2016
By FxGrow Research & Analysis Team

CADJPY - declines after BOJ meeting

On Tuesday there was a meeting of the Japanese central bank. BOJ didn't change anything - left interest rates and QE at current levels. Japanese Yen in reaction, strengthened to all of the currencies.

Declines at CADJPY wasn't a surprise. Since two weeks price moved below upper limit of the bullish regression channel. Yesterday we saw a rebound from resistance at 86.20. Target for declines should be 83.10 level. There coincides lower limit of the channel and support. On the way to indicated level there is a support at 84.30.

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 – 15th March, 2016
By FxGrow Research & Analysis Team

EURUSD - silence before the storm, ahead of FOMC meeting

Price stabilized above 1.1070 level after huge volatility on the last Thursday. It was caused by ECB meeting. It's not the end of market's attractions because tomorrow there will be the FOMC meeting and decision about 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 – 16th March, 2016
By FxGrow Research & Analysis Team

EURGBP highest since the beginning of march

Yesterday EURGBP broke above resistance at 0.7840. Upward movement may reach 0.7910 and next 0.8020 if demand won't fail. However if supply wins and price returns below 0.7840 nearest supports will be located at levels: 0.7710, 0.7610.

Wider view, time-frame W1

Time-frame W1

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.

 

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FxGrow Daily Technical Analysis – 16th March, 2016
By FxGrow Research & Analysis Team

EURPLN - uptrend line was broken

During last 2 months EURPLN felt 2400 pips. Previous upward movement from January 2016 was caused by the decision of Standard & Poor's agency, which unexpectedly cut Poland's credit rating. As you can see current declines shows that previous reaction on PLN was exaggerated.

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.

 

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FxGrow Daily Technical Analysis – 17th March, 2016
By FxGrow Research & Analysis Team

AUDUSD broke above resistance at 0.7600

Since two months there is a bull market on AUDUSD. Today price broke above resistance at 0.7600 and right now is leading to next resistance at 0.7880. Before test of indicated level it is likely that price will re-test 0.7600 again, but this time test will be from the top.

Wider view, time-frame W1

Time-frame W1

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.

 

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FxGrow Daily Technical Analysis – 17th March, 2016
By FxGrow Research & Analysis Team

EURUSD - fight at 1.1330 resistance area

EURUSD sharply moved up after FOMC meeting where Janet Yellen FED's chair was very dovish. For last 24 hours price moved up by 300 pips. So far high from February wasn't tested however it is a matter of time that level 1.1380 will be re-tested.

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.

 

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FxGrow Daily Technical Analysis – 18th March, 2016
By FxGrow Research & Analysis Team

GBPCAD new 10-months low

Since the beginning of the March GBPCAD moved up in correction. Rebound wasn't very strong because upward movement didn't reach even to Fibonacci 38.2% level. Correction finished on Wednesday when new low occurred. Yesterday price reacted at support and 1.8680 level has been defended.

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.

 

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FxGrow Daily Technical Analysis – 18th March, 2016
By FxGrow Research & Analysis Team

OIL WTI - nearest target for upward movement is 43.20

Rebound at OIL WTI is in progress. After new low on 11 February, when price reached to 26.00 rebound occurred and it lasts for today. At chart we can indicate uptrend channel in which price is moving.

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.