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Daily Technical Analysis by FxGrow

Discussion in 'Analisa Teknikal' started by FxGrow Support, May 16, 2015.

  1. FxGrow Support

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    FxGrow Daily Technical Analysis – 06th Dec, 2016
    By FxGrow Research & Analysis Team

    EUR/USD Surges As Italy Decides to Stay In EuroZone
    [​IMG]

    EUR/USD received a positive shock on Monday's early trading sessions as Italy Referendum to remain in Eurozone was positive. The Brexit seems to awaken sense of fear on EURO as British Pound lost value facing strong greenback. The Italian Referendum suspense had it's impact on the EUR/USD as the pair plunged on Friday to 1.0503 new-year-fresh-lows but as final vote decided that Italy to stay in the Eurozone, the pair surged on a highly pace yesterday, flirting with 1.08 level, clocking a high 1.0795, then faded away slightly, currently trading at 1.0749.

    Trend : Bullish

    Key levels to watch : Weekly Pp 1.0639

    Resistance levels : R1 1.0789 100 SMA, R2 1.0838, R3 1.0874

    Support levels : S1 1.0719, S2 1.0680, S3 1.0628

    Remark : EUR/USD to be considered bullish but keep in mind that although US dollar is weak these days, it's still considered strong with US index currently trading 100.25 intraday. Look forward for economic EURO news scheduled all day long which should bring new levels for EUR/USD.

    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.
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    FxGrow Daily Technical Analysis – 07th Dec, 2016
    By FxGrow Research & Analysis Team

    Kiwi Strengthen on Positive Local Data, Awaiting Wheeler Comments
    [​IMG]

    Imre Speizer, Research Analyst at Westpac, suggests that the NZD/USD should grind towards 0.7200 this week if the US dollar’s recent decline extends further. Also, NZ economic data continues growing, recently evidenced by the GDT dairy auction which increased 4% which was anticipated by futures pricing. In addition to that, US dollar was on second weak performance as US index dropped for the first time since Trump election to 99.88 after spiking to 102.12 on 24th of Nov.

    Trend: Bullish sideways.

    Key levels to watch : Weekly Pp 0.7113

    Resistance levels : R1 0.7129, R2 0.7166, R3 0.7205, R4 0.7240

    Support levels : S1 0.7094, S2 0.7065, S3 0.7023, S4 0.6990

    Remark : NZD/USD is bullish sideways. Even though Kiwi economy is growing, US dollar still to be considered strong even on past days of weak performance. Look froward for Wheeler speech tonight as NZ economy will respond and the pair volatility would increase.

    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.
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    FxGrow Daily Technical Analysis – 08th Dec, 2016
    By FxGrow Research & Analysis Team

    USD/JPY Bearish On Weaker USD performance, awaiting further data
    [​IMG]

    Japanese economy witnessed a mix between positive and negative data. Japanese current account rose 0.45T compared to 1.48T previously, while final GDP was 0.3%, less by 0.2% in last GDP. Bank lending showed no change at 2.4%. On the other hand, Chinese trade balance came 298B, less by 27B in last balance at 398B. Taking into consideration negative atmosphere in economic Asian data, one of the reason that justifies why USD/JPY was not bullish in the weakness of US dollar performance the past few days as US index dropped to 100.00 low yesterday, not long before dropping below 100 level at 99.87 on Monday.

    Trend: Bullish Sideways

    Key levels to watch : Weekly Pp 113.25

    Resistance levels : R1 113.84, R2 114.48, R3 115.05

    Support levels: S1 112.90, S2 112.50, S3 111.93

    Remark : USD/JPY to be considered bullish with short-term-correction. US dollar on weak performance but still relatively strong. Market is highly poised for US fed rate decision next week but economic data cannot be ignored. Look forward for US Unemployment claims today at 1:30 PM GMT which might create some volatility in the market.

    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.
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    FxGrow Daily Technical Analysis – 09th Dec, 2016
    By FxGrow Research & Analysis Team

    EUR/USD Back to fragile state after Draghi's Speech
    [​IMG]

    Eurozone, once again votes for unchanged bid rate and left still at 0.00%. But the action came later on as Draghi made speech in which he extended bond purchasing program from April 2017 till the end of December 2017 with additional edition in which the ECB deducts 20B Euro from 80B per month-bond-purchasing. The market did not receive the suggested policy in open arms as they reacted in lesser confidence towards EUR currency. EUR/USD peeked yesterday ahead of local news and suspense took the EUR/USD on a chaotic ride as it spiked 1.0873 2-weeks-fresh highs, then the pair rolled down sinking to 1.0597 low.

    Trend : Bearish

    Key levels to watch : Weekly Pivot 1.0639

    Resistance levels : R1 1.0651 , R2 1.0688 , R3 1.0721, R4 1.077

    Support Levels : S1 1.0584 , S2 1.0544, S3 1.0506, S4 1.0477


    Remark : EUR/USD is bearish due to disappointing news on ECB policy yesterday and USD recovered and back in bully shape. Look forward for US consumer sentiment today at 3:00 PM GMT which could create some volatility in the market. Also, the focus now is shifted from ECB monetary and fiscal policy, to US FED rate that everyone is awaiting. Also R3 is a strong level in case of price penetration will trigger R4 level.

    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.
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    FxGrow Daily Technical Analysis – 09th Dec, 2016
    By FxGrow Research & Analysis Team

    GBP/USD Sinks on stronger US dollar, Awaiting local data
    [​IMG]

    GBP/USD rallied on yesterday's trading sessions to 1.2704 highs, but failed to hold strongly gains against greenback as the pair bearish-ed to 1.2548 lows. There were no macroeconomic signals from Big Ben, although it was the final day of the Supreme Court's hearing on Brexit, to decide whether Theresa May should get the Parliament's permission to trigger the Article 50, but a decision will be known probably next week. Sterling is still on soft ground as long as supreme court is still postponing the final decision regarding it's pre-twin-mate, the Eurozone.
    Trend : bearish sideways

    Key levels to watch : Weekly Pp 1.2619

    Resistance levels : R1 1.2634 , R2 1.2683, R3 1.2729

    Support Levels : S1 1.2528, S2 1.2484, S3 1.2420

    Remark : Look forward for UK data today at 9:30 AM GMT, later on US data at 3:00 PM GMT which will create some volatility but the main focus is currently shifted towards next Fed Rate meeting and possible outcomes.

    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.
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    FxGrow Daily Technical Analysis – 13th Dec, 2016
    By FxGrow Research & Analysis Team

    GBP/USD Surges on weaker US dollar, Local CPI Eyed
    [​IMG]

    GBP/USD rallied yesterday from 1.2566 low, knocked on 1.27 level, then faded away as the pair closed at 1.2674 after clocking a high 1.2699. Although UK local data was not to expectations, the cable found a shelter in US index weak performance yesterday after remarkable job on Friday. The index dropped to 100.86 yesterday, but before that, it was on 101.82 peek. Currently the pair is trading 1.2672 intraday, above it's weekly pivot at 1.2631.

    This week, economic calendar is heavily colored with local UK data, but the FOMC meeting and the possible outcome of anticipated Fed Rate hike stole the thunder lightning and traders are ignoring everything except the FOMC.

    Trend: Bullish Sideways , the upside prevails

    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.
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    FxGrow Daily Technical Analysis – 14th Dec, 2016
    By FxGrow Research & Analysis Team

    Trade on FOMC news, Technical levels to watch EUR/USD technical levels to watch :

    [​IMG]

    EUR/USD technical levels to watch :

    Weekly Pp : 1.0647

    Resistance levels : R1 1.0679 , R2 1.0732, R3 1.0795, R4 1.0856

    Support levels : S1 1.0605, S2 1.0568, S3 1.0518, S4 1.0420


    GBP/USD Technical levels to watch:

    Weekly Pp : 1.2632

    Resistance levels : R1 1.2696, R2 1.2767, R3 1.2849, R4 1.2945

    Support levels : S1 1.2600 , S2 1.2516, S3 1.2413, S4 1.2312


    USD/JPY technical levels to watch :

    Weekly Pp : 114.55

    Resistance levels : R1 115.54, R2 116.23, R3 116.90, R4 117.66

    Support levels : S1 114.38, S2 113.38, S3 112.51, S4 111.63


    AUD/USD technical levels to watch :

    Weekly Pp : 0.7457

    Resistance levels : R1 0.7532, R2 0.7582, R3 0.7634, R4 0.7685

    Support levels : S1 0.7474, S2 0.7428, S3 0.7383, S4 0.7350


    NZD/USD technical levels to watch :

    Weekly Pp 0.7142

    Resistance levels : R1 0.7247, R2 0.7303, R3 0.7367, R4 0.7436

    Support : levels : S1 0.7171, S2 0.7099, S3 70.42, S4 0.6984


    USD/CAD technical levels to watch :

    Weekly Pp : 1.3229

    Resistance levels: R1 1.3166 , R2 3263, R3 1.3357, R4 1.3435

    Support levels : S1 1.3073, S2 1.3002, S3 1.2935, S4 1.2853


    Gold technical levels to watch :

    Weekly Pp : 1167.37

    resistance levels : R1 1170.08, R2 1183.19, R3 1199.88, R4 1230.36

    Support levels : S1 1151.60, S2 1140.87, S3 1129.21 , S4 1114.46

    Crude oil technical levels to watch :

    Weekly Pp : 51.18

    Resistance levels : R1 53.12, R2 54.56, R3 55.72, R4 56.96

    Support levels : S1 51.63, S2 49.82, S3 47.84, S4 46.22

    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.
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    FxGrow Daily Technical Analysis – 16th Dec, 2016
    By FxGrow Research & Analysis Team

    EUR/USD Extends Comatose Further More, Awaiting Local Data
    [​IMG]

    EUR/USD is on a roller coaster since last Wednesday after a peek at 1.0872, market couldn't swallow ECB decision on zero change-bid-rate and extending bond purchasing further more with a 20B Eur cut from initial 80B Eur. The pair collapsed on Thursday hitting rock bottom at 1.0530. EUR/USD didn't stop at that stage as the pair declined further more after a 0.25% hike on US Fed rates given US dollar additional boost. EUR/USD sank to 1.0365 yesterday, then re-bounced as a short term correction, currently trading 1.0438 intraday. US index hiked to 103.56 2003-March-fresh-highs yesterday then retreated to 102.97 today. EUR index hit rock bottom at 85.77 2016-fresh-low, currently trading 86.29 intraday.

    Trend : Bearish , the downside prevails.

    Resistance Levels : R1 1.0461, R2 1.0543, R3 1.0628

    Support Levels : S1 1.0407, S2 1.0359, S3 1.0316

    Remark : Key resistance at R1 1.0459. Short positions below R1 will set an alarm to support levels. A full H4 candle above 1.0459, look further for bull moves towards R2. Look forward for economic news which will give a better outlook for the cable.

    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.
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    FxGrow Daily Technical Analysis – 16th Dec, 2016
    By FxGrow Research & Analysis Team

    Gold Extends Bearish Mood on Strong US Dollar
    [​IMG]

    XAUUSD is under pressure yet again. The heaven sacred metal extended further losses on Wednesday when US Fed rate hiked to 0.75%, dropping from 1164.97 high, made several downtrend stations that ended at yesterday's lows 1122.52. US index peeked also yesterday to 103.57 2003-fresh-highs. The general mood trend for gold still to be considered bearish taking into consideration strong US index, although it's trading now at 103, but still to be considered high. Currently, gold touched first resistance at 1135.46 and R1 is being tested. A full H4 cycle above will trigger R2 and R3 levels relatively. The opposite scenario should be taken into consideration with first support at 1126.16, below that, look for more pressure on XAUUSD.

    Trend : Bearish

    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.
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    FxGrow Daily Technical Analysis – 19th Dec, 2016
    By FxGrow Research & Analysis Team

    USD/JPY bears on Weaker US Dollar Performance, Awaiting BOJ Policy Rate
    [​IMG]

    Japanese Yen opened early trading session with a strong tone against greenback after long sessions of soaring rivals since US Fed rate hike. Last week, the pair clocked 4th-Feb-fresh-highs at 118.66 as US dollar index spiked to 103.56. USD/JPY is bearish for the second session as the cable sank to 116.98 low today, in response to weaker US dollar performance as the index 102.50 low, USD/JPY currently trading at 117.29 intraday.

    Markets are awaiting BOJ policy rate meeting and in case Mr. Kuroda hold any changes to 0% ongoing policy. Although polls are getting ahead that will be zero change in BOJ policy with some minor upgrade in economic assessments.

    Trend: Bullish Sideways

    Key levels to watch : Weekly Pp 117.12

    Resistance levels : R1 118.64, R2 119.94, R3 121.67

    Support levels : S1 116.83, S2 115.82, S3 114.53

    Remark : look forward for BOJ announcement early morning on Tuesday which will bring new perspectives for Japanese Yen and how the currency will perform facing US dollar. A break above R2 Fibonacci 161.8 level will trigger R3 level. However, if the cable dropped to S3 Fibonacci 100 level, the pair to be considered bearish after long sessions of bullish momentum.

    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.

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