Live Trading Room Quick Links:
Forex Academy Quick Links:
Misc. Quick Links:
Language:
English

FX Instructor Forex Blog - For Traders, By Traders

July 28th, 2014 @ 4:44 am by The Geek

Click here to read the full article.

Simultaneous Release at
TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair was experiencing bearish pressure for the new week and it was at a critical support level. If the currency pair managed to break below, we might see an extended bearish push for 1.3350.

20140728-121515-44115422.jpg

Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair continued on a bearish momentum. It had since distanced itself from the critical support region.

Should the bearish momentum continue, 1.34 may function as an immediate support before the journey to 1.3350.

Any return of bullish pressure would probably target 1.35.

Don’t miss the fundamental analysis
continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

Click here to read the full article.

July 28th, 2014 @ 12:51 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast        

The EURUSD continued its bearish momentum last week bottomed at 1.3420, which located around the weekly EMA 200, a potential strong support at this phase. The bias remains bearish in nearest term especially if price able to make a clear break and consistent movement below 1.3420 testing 1.3300. Immediate resistance is seen around 1.3480. A clear break above that area could lead price to neutral zone in nearest term but as long as stays inside the bearish channel I still prefer a bearish scenario at this phase.

eurusdhourly

Click here to read the full article.

July 28th, 2014 @ 12:47 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast

The GBPUSD had a bearish momentum last week fell below 1.7000 key support. The bias is bearish in nearest term testing 1.6940 – 1.6900. Immediate resistance is seen around 1.7000. A clear break above that area could lead price to neutral zone in nearest term testing 1.7050 or higher.

gbpusdh1

Click here to read the full article.

July 28th, 2014 @ 12:45 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast

The USDJPY had a bullish momentum last week topped at 101.92. The bias is bullish in nearest term testing 102.35/50. Immediate support is seen around 101.50. A clear break below that area could lead price to neutral zone in nearest term. On the downside, 100.80 remains a key support at this phase. A clear break below that area would activate my bearish mode.

usdjpydaily

Click here to read the full article.

July 28th, 2014 @ 12:41 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast

The USDCHF had a bullish momentum last week topped at 0.9050. The bias is bullish in nearest term testing 0.9100 – 0.9150. Immediate support is seen around 0.9035. A clear break below that area could lead price to neutral zone in nearest term testing 0.9000 – 0.8970 but overall I still prefer a bullish scenario at this phase.

usdchfdaily

Click here to read the full article.

July 26th, 2014 @ 3:31 pm by The Geek

Click here to read the full article.

Simultaneous Release at
TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders and readers.

In our previous forecast of the Australian dollar we noted that the currency pair was in a tight trading range. An element of uncertainty was present in the markets.

20140726-200634-72394080.jpg

Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair still remained within a tight trading range. The volume remained light and that probably contributed to the narrow ranging condition.

I mentioned previously that the 0.94 region is a crucial support and resistance sector and indeed the currency pair is currently in the vicinity. We will need to monitor closely and observe as from a technical point of view, it is possible to go either ways.

Don’t miss the fundamental analysis
continue on to TheGeekKnows.com for the fundamental analysis of the AUD/USD Forecast Weekly Review to understand more about the underlying market sentiments.

Click here to read the full article.

July 25th, 2014 @ 5:18 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast        

The EURUSD had another indecisive movement yesterday, formed a Doji formation on daily chart. The bias remains bearish in nearest term testing 1.3400. Immediate resistance remains around 1.3500. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback is normal and as long as stays inside the bearish channel I still prefer a bearish scenario at this phase.

eurusdhourly

Click here to read the full article.

July 25th, 2014 @ 5:14 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday, broke below 1.7000 key support. The bias remains bearish in nearest term testing 1.6900 – 1.6850. Immediate resistance is seen around 1.7035/50. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.

gbpusdh1

Click here to read the full article.

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory Fave this Blog on Technorati