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May 29th, 2015 @ 2:53 am by William Gilday

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Screen Shot 2015-05-29 at 08.39.03

Hello traders good to be with you on this Friday as we approach the end of our trading week. Remember traders as you trade today that traders will be taking profits and will make trading exciting today, I really like trading Fridays. Ok let us take a look at today’s currency pair NUZUSD- This is the 1 Hour chart. I have to say today we just have a total look on this chart. As I look at the daily chart this pair remains bearish.I will stay with the trend and want to sell this, however we are at very strong support on the daily and this chart. I am looking for a pullback to previous resistance and we can look for a bearish and and sell this to 0.7180. I would like to enter this trade at 0.7148. This looks like a tough trade on a Friday I have to say. Traders enjoy your weekend break and we will see you next Asia session….William

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May 29th, 2015 @ 12:36 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was corrected higher yesterday and hit 1.0973 earlier today. The bias is bullish in nearest term testing 1.1000 – 1.1050 but overall I remain bearish and any upside pullback now should be seen as a good opportunity to sell targeting 1.0670. Immediate support is seen around 1.0900. A clear break below that area could lead price to neutral zone in nearest term testing 1.0850 or lower.

eurusdhourly

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May 29th, 2015 @ 12:33 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.5259 but closed higher at 1.5310. The bias remains bearish in nearest term testing 1.5200 – 1.5170. Immediate resistance is seen around 1.5350. A clear break above that area could lead price to neutral zone in nearest term testing 1.5415 but overall I remain bearish and any upside pullback now should be seen as a good opportunity to sell.

gbpusdh1

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May 29th, 2015 @ 12:29 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 124.45 but closed lower at 123.93 and hit 123.68 earlier today. The bias remains bullish in nearest term testing 125.00 area. Immediate support is seen around 123.50. A clear break below that area could lead price to neutral zone in nearest term testing 123.00 or lower but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

usdjpy4h

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May 29th, 2015 @ 12:25 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9417. The bias is bearish in nearest term especially if price able to make a clear break below the hourly EMA 200 located around 0.9410 testing 0.9350 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 0.9470. A clear break above that area could lead price to neutral zone in nearest term testing 0.9540 or higher.

usdchfhourly

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May 28th, 2015 @ 3:06 am by William Gilday

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Screen Shot 2015-05-28 at 08.18.20

Hello traders good to be back with you as we have another currency pair to review with a tough trade plane. This trade is going to be a challenge for us today so let us take a look at EURJPY- This is another 1 Hour chart. Well today we have a new trade plan as the daily is bearish and we are looking to sell. We have placed a rage trade on the chart the range is 58 pips and we are just about in the middle of that range. My bias is to sell this so I am looking for this to go to the top of the range which is resistance and sell this pair. I really am not looking to buy this at this time. If you are really conservative wait for a break of the 200 ema and sell from that point. Traders another trade set up that is not going to be easy. Thank you traders and Talk Soon….. William

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May 28th, 2015 @ 1:53 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday. Price attempted to push lower slipped below 1.0850 but closed higher at 1.0901. The bias is neutral in nearest term but overall I remain bearish with nearest target seen around 1.0670. Immediate resistance is seen around 1.0930. A clear break above that area could trigger further bullish pressure testing 1.1000 – 1.1050 but any upside pullback should be seen as a good opportunity to sell.

eurusdhourly

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May 28th, 2015 @ 1:47 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains bearish in nearest term testing 1.5250 before targeting 1.5170. Immediate resistance is seen around 1.5370. A clear break above that area could lead price to neutral zone in nearest term testing 1.5415/50 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

gbpusdh1

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