Daily Technical Analysis – 16th June, 2016
By FxGrow Research & Analysis Team
EURUSD
EURUSD continues its bullish momentum crossing 1.1250 yesterday. The near term bias is bullish with targets of 1.1320 to 1.1340
RSI (14), MACD (12, 26), ADX (14), ROC indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.1217 while Resistance is at 1.1292 and 1.1298
16th June 2016 – 08:03hrs GMT
GBPUSD
GBPUSD staged a recovery from 1.4090 to cross 1.4200 yesterday. It continues its bearish tone dropping below 1.4150 in the Asian trading session. Some correction is expected in the European trading session and the near term bias is Neutral to bearish with targets of 1.4050
RSI (14), CCI (14), STOCH (9, 6), STOCHRSI (14), ROC indicate a SELL; MACD (12, 26) is Neutral while Average True Range (14) indicates Less Volatility.
Support is at 1.4059 while Resistance is at 1.4257
16th June 2016 – 08:12hrs GMT
For more in depth Research & Analysis please visit FxGrow.http://fxgrow.com/
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 continues its bullish momentum crossing 1.1250 yesterday. The near term bias is bullish with targets of 1.1320 to 1.1340
RSI (14), MACD (12, 26), ADX (14), ROC indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.1217 while Resistance is at 1.1292 and 1.1298
16th June 2016 – 08:03hrs GMT
GBPUSD
GBPUSD staged a recovery from 1.4090 to cross 1.4200 yesterday. It continues its bearish tone dropping below 1.4150 in the Asian trading session. Some correction is expected in the European trading session and the near term bias is Neutral to bearish with targets of 1.4050
RSI (14), CCI (14), STOCH (9, 6), STOCHRSI (14), ROC indicate a SELL; MACD (12, 26) is Neutral while Average True Range (14) indicates Less Volatility.
Support is at 1.4059 while Resistance is at 1.4257
16th June 2016 – 08:12hrs GMT
For more in depth Research & Analysis please visit FxGrow.http://fxgrow.com/
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.