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Daily Technical Analysis – 14th May, 2015
By FxGrow Research & Analysis Team
EURUSD
EURUSD rose sharply yesterday and is strong in the Asian trading session. Unable to cross 1.1400 indicates a short term correction in the prices. The near term bias is neutral to bullish within the range of 1.1350 to 1.1400
RSI (14), MACD (12, 26), CCI (14) indicate a BUY; STOCH (9, 6) is Neutral; STOCHRSI (14) is oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.1265 while Resistance is at 1.1382 and 1.1391
14th May 2015 – 04:57hrs GMT
GBPUSD
GBPUSD retains its bullish tone trading above the 1.5750 and the near term bias is bullish to neutral in the range of 1.5750 to 1.5800 with sideways movements possible in the European trading session.
RSI (14), MACD (12, 26), CCI(14) indicate a BUY; ADX(14) is Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 1.5632 while Resistance is at 1.5768
14th May 2015 – 05:00hrs 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 rose sharply yesterday and is strong in the Asian trading session. Unable to cross 1.1400 indicates a short term correction in the prices. The near term bias is neutral to bullish within the range of 1.1350 to 1.1400
RSI (14), MACD (12, 26), CCI (14) indicate a BUY; STOCH (9, 6) is Neutral; STOCHRSI (14) is oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.1265 while Resistance is at 1.1382 and 1.1391
14th May 2015 – 04:57hrs GMT
GBPUSD
GBPUSD retains its bullish tone trading above the 1.5750 and the near term bias is bullish to neutral in the range of 1.5750 to 1.5800 with sideways movements possible in the European trading session.
RSI (14), MACD (12, 26), CCI(14) indicate a BUY; ADX(14) is Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 1.5632 while Resistance is at 1.5768
14th May 2015 – 05:00hrs 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.