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FxGrow Daily Technical Analysis – 01st Aug, 2016
By FxGrow Research & Analysis Team
AUDUSD
AUDUSD was bullish last week as it crossed 0.7600 handle and remained firm towards the end of the trading session. AUDUSD is moving in a mild bearish tone after touching an intraday high of 0.7613 and is now trading above its 100day SMA of 0.7527 in the European trading session. The near term bias is Neutral to Bearish with targets of 0.7550 to 0.7500
STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; RSI (14) is Neutral; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 0.7545 while Resistance is at 0.7593 and 0.7606
01st Aug 2016 – 10:30AM (UTC)
USDJPY
USDJPY had a strong bearish momentum last week as it touched a low of 101.96 and remained weak towards the end of the trading session. Dollar-Yen is moving in a zigzag pattern today and is now trading below its 100day SMA of 104.26 in the European trading session. The near term bias is Neutral to Bearish with targets of 102
RSI (14), STOCH (9, 6), MACD (12, 26), CCI (14), Ultimate Oscillator indicate a SELL; ADX (14), STOCHRSI (14) are Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 101.96 while Resistance is at 103.99 and 104.62
01st Aug 2016 – 10:35AM (UTC)
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 as it crossed 0.7600 handle and remained firm towards the end of the trading session. AUDUSD is moving in a mild bearish tone after touching an intraday high of 0.7613 and is now trading above its 100day SMA of 0.7527 in the European trading session. The near term bias is Neutral to Bearish with targets of 0.7550 to 0.7500
STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; RSI (14) is Neutral; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 0.7545 while Resistance is at 0.7593 and 0.7606
01st Aug 2016 – 10:30AM (UTC)
USDJPY
USDJPY had a strong bearish momentum last week as it touched a low of 101.96 and remained weak towards the end of the trading session. Dollar-Yen is moving in a zigzag pattern today and is now trading below its 100day SMA of 104.26 in the European trading session. The near term bias is Neutral to Bearish with targets of 102
RSI (14), STOCH (9, 6), MACD (12, 26), CCI (14), Ultimate Oscillator indicate a SELL; ADX (14), STOCHRSI (14) are Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 101.96 while Resistance is at 103.99 and 104.62
01st Aug 2016 – 10:35AM (UTC)
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.