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FxGrow Daily Technical Analysis – 08th Aug, 2016
By FxGrow Research & Analysis Team
AUDUSD
AUDUSD was bullish last week as it touched a high of 0.7663 but came down on Friday below the 0.7600 handle and remained weak towards the end of the trading session. AUDUSD is moving in a bullish tone today and is now trading above its 100day SMA of 0.7612 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7700
RSI (14), STOCH (9, 6), Ultimate Oscillator, ROC, MA100 indicate a BUY; MACD (12, 26), ADX (14) are Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 0.7606 while Resistance is at 0.7637 and 0.7664
08th Aug 2016 – 10:20AM (UTC)
USDJPY
USDJPY was indecisive last week as it touched a high of 102.82 and a low of 100.67 and recovered on Friday closing above the 101.50 handle towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading above its 100day SMA of 101.38 in the European trading session. The near term bias is Bullish with targets of 103
RSI (14), STOCH (9, 6), STOCHRSI (14), MACD (12, 26), ADX (14), CCI (14), ROC, MA100 indicate a BUY; Ultimate Oscillator is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 102.16 while Resistance is at 102.58 and 102.70
08th Aug 2016 – 10:28AM (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 touched a high of 0.7663 but came down on Friday below the 0.7600 handle and remained weak towards the end of the trading session. AUDUSD is moving in a bullish tone today and is now trading above its 100day SMA of 0.7612 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7700
RSI (14), STOCH (9, 6), Ultimate Oscillator, ROC, MA100 indicate a BUY; MACD (12, 26), ADX (14) are Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 0.7606 while Resistance is at 0.7637 and 0.7664
08th Aug 2016 – 10:20AM (UTC)
USDJPY
USDJPY was indecisive last week as it touched a high of 102.82 and a low of 100.67 and recovered on Friday closing above the 101.50 handle towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading above its 100day SMA of 101.38 in the European trading session. The near term bias is Bullish with targets of 103
RSI (14), STOCH (9, 6), STOCHRSI (14), MACD (12, 26), ADX (14), CCI (14), ROC, MA100 indicate a BUY; Ultimate Oscillator is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 102.16 while Resistance is at 102.58 and 102.70
08th Aug 2016 – 10:28AM (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.