FxGrow Daily Technical Analysis – 12th Aug, 2016
By FxGrow Research & Analysis Team
EURUSD
EURUSD was indecisive yesterday as it touched a high of 1.1190 and a low of 1.1136 towards the end of the trading session. Euro is moving in a zigzag pattern today and is now trading above its 100day SMA of 1.1130 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1200
STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; RSI (14) is Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 1.1131 while Resistance is at 1.1159 and 1.1164
12th Aug 2016 – 10:18AM (UTC)
GBPUSD
GBPUSD was bearish yesterday as it touched a low of 1.2935 and remained weak towards the end of the trading session. Cable is moving in a zigzag pattern today and is now trading below its 100day SMA of 1.3006 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.2900
RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), CCI (14), MA100 indicate a SELL; STOCH (9, 6), ROC is Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 1.2935 while Resistance is at 1.2978 and 1.2991
12th Aug 2016 – 10:25AM (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
EURUSD
EURUSD was indecisive yesterday as it touched a high of 1.1190 and a low of 1.1136 towards the end of the trading session. Euro is moving in a zigzag pattern today and is now trading above its 100day SMA of 1.1130 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1200
STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; RSI (14) is Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 1.1131 while Resistance is at 1.1159 and 1.1164
12th Aug 2016 – 10:18AM (UTC)
GBPUSD
GBPUSD was bearish yesterday as it touched a low of 1.2935 and remained weak towards the end of the trading session. Cable is moving in a zigzag pattern today and is now trading below its 100day SMA of 1.3006 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.2900
RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), CCI (14), MA100 indicate a SELL; STOCH (9, 6), ROC is Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 1.2935 while Resistance is at 1.2978 and 1.2991
12th Aug 2016 – 10:25AM (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.