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FxGrow Daily Technical Analysis – 18th July, 2016
By FxGrow Research & Analysis Team
AUDUSD
AUDUSD was bullish last week and closed below the 0.7600 handle. The AUDUSD has opened lower and is trading in a Neutral state in the European trading session. Aussie is trading below its 100 day SMA of 0.7618 and the near term bias is Neutral to Bearish with targets of 0.7530
RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), ROC, MA100 indicate a SELL; CCI (14) is Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 0.7577 while Resistance is at 0.7600 and 0.7607
18th July 2016 – 11:35hrs GMT
USDJPY
USDJPY was bullish last week and opened this week lower below the 105 handle. The USDJPY has recovered its early morning weakness and is now trading above its 100day SMA of 105.06 in the European trading session. The near term bias is Neutral to Bullish with targets of 106
RSI (14), STOCH (9, 6) are Neutral; , MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 105.04 while Resistance is at 105.93 and 106.31
18th July 2016 – 11:45hrs GMT
For more in depth Research & Analysis please visit FxGrow.http://fxgrow.com/analysis-educatio...alysis-fxgrow-free-forex-analysis-tools#close
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
AUDUSD
AUDUSD was bullish last week and closed below the 0.7600 handle. The AUDUSD has opened lower and is trading in a Neutral state in the European trading session. Aussie is trading below its 100 day SMA of 0.7618 and the near term bias is Neutral to Bearish with targets of 0.7530
RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), ROC, MA100 indicate a SELL; CCI (14) is Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 0.7577 while Resistance is at 0.7600 and 0.7607
18th July 2016 – 11:35hrs GMT
USDJPY
USDJPY was bullish last week and opened this week lower below the 105 handle. The USDJPY has recovered its early morning weakness and is now trading above its 100day SMA of 105.06 in the European trading session. The near term bias is Neutral to Bullish with targets of 106
RSI (14), STOCH (9, 6) are Neutral; , MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 105.04 while Resistance is at 105.93 and 106.31
18th July 2016 – 11:45hrs GMT
For more in depth Research & Analysis please visit FxGrow.http://fxgrow.com/analysis-educatio...alysis-fxgrow-free-forex-analysis-tools#close
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.