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Daily Technical Analysis – 11th June, 2015
By FxGrow Research & Analysis Team
EURUSD
EURUSD was bullish yesterday and touched a high of 1.1385 but has now lost its gains. Now it is trading below its 20day moving average of 1.1303 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.1200
STOCH (9, 6) is Neutral, RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.1247 while Resistance is at 1.1288
11th June 2015 – 08:47hrs GMT
GBPUSD
GBPUSD was bullish yesterday and touched a high of 1.5553 but now it has corrected lower. Now the pair is trading below its 20day moving average of 1.5504 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5400
RSI (14), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.5444 while Resistance is at 1.5521
11th June 2015 – 08:21hrs GMT
For more in depth Research & Analysis please visit FxGrow.
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 was bullish yesterday and touched a high of 1.1385 but has now lost its gains. Now it is trading below its 20day moving average of 1.1303 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.1200
STOCH (9, 6) is Neutral, RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.1247 while Resistance is at 1.1288
11th June 2015 – 08:47hrs GMT
GBPUSD
GBPUSD was bullish yesterday and touched a high of 1.5553 but now it has corrected lower. Now the pair is trading below its 20day moving average of 1.5504 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5400
RSI (14), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.5444 while Resistance is at 1.5521
11th June 2015 – 08:21hrs GMT
For more in depth Research & Analysis please visit FxGrow.
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.