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FxGrow Daily Technical Analysis – 11th July, 2016
By FxGrow Research & Analysis Team
EURUSD
EURUSD has opened the week lower and is trading below the 1.1050 handle and a bearish trend is expected later today. The pair is trading below its 100 day SMA of 1.1073 and a downtrend is expected towards the 1.1000 levels. The near term bias is Neutral to Bearish with targets of 1.0950
RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6) is Neutral; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.1002 while Resistance is at 1.1034 and 1.1097
11th July 2016 – 09:32hrs GMT
GBPUSD
GBPUSD has opened the week lower and is trading below the 1.2900 handle with further weakness towards the 1.2700 levels. Today Cable is trading below its 100 day SMA of 1.2964 and strong bearish correction is expected later today. The near term bias is Bearish with targets of 1.2800
RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6) is Neutral; CCI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.2824 while Resistance is at 1.2920 and 1.2936
11th July 2016 – 09:40hrs GMT
For more in depth Research & Analysis please visit FxGrow.http://fxgrow.com/
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 has opened the week lower and is trading below the 1.1050 handle and a bearish trend is expected later today. The pair is trading below its 100 day SMA of 1.1073 and a downtrend is expected towards the 1.1000 levels. The near term bias is Neutral to Bearish with targets of 1.0950
RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6) is Neutral; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.1002 while Resistance is at 1.1034 and 1.1097
11th July 2016 – 09:32hrs GMT
GBPUSD
GBPUSD has opened the week lower and is trading below the 1.2900 handle with further weakness towards the 1.2700 levels. Today Cable is trading below its 100 day SMA of 1.2964 and strong bearish correction is expected later today. The near term bias is Bearish with targets of 1.2800
RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6) is Neutral; CCI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.2824 while Resistance is at 1.2920 and 1.2936
11th July 2016 – 09:40hrs GMT
For more in depth Research & Analysis please visit FxGrow.http://fxgrow.com/
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.