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September 1st, 2014 @ 5:45 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD continued its bearish momentum last week and hit 1.3118 earlier today. The bias is bearish in nearest term testing 1.3050 – 1.3000 support area. Immediate resistance is seen around 1.3150. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200/20 but any upside pullback now should be seen as a normal corrective movement and as long as stays inside the bearish channel I still prefer a bearish scenario at this phase.

eurusdhourly

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September 1st, 2014 @ 5:35 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was indecisive last week but overall still able to maintain its bearish bias. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.6615. – 1.6535. A clear break above 1.6615 could trigger further bullish correction testing 1.6675 area. On the downside, we need a clear break below 1.6535 to continue the bearish scenario testing 1.6500 – 1.6450. My major technical outlook remains bearish.

gbpusddaily

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September 1st, 2014 @ 5:27 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY attempted to push lower last week, slipped below 103.75 but closed higher and hit 104.20 earlier today. The bias is bullish in nearest term especially if price able to make a clear break above 104.25 testing 105.43. Immediate support is seen around 103.75. A clear break below that area could lead price to neutral zone in nearest term testing 103.35.

usdjpydaily

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September 1st, 2014 @ 5:22 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive last week but overall still able to maintain its bullish bias so far. The bias is bullish in nearest term testing 0.9250. Immediate support is seen around 0.9170. A clear break below that area could lead price to neutral zone in nearest term testing 0.9125 but any downside pullback now should be seen as a normal corrective movement and overall I still prefer a bullish scenario at this phase.

usdchfdaily

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August 31st, 2014 @ 3:34 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair had distanced itself from the 1.34 region. The bidders of the 1.32 region seemed to have weaken as the EUR/USD approached 1.32.

We noted the possibility that technical traders might want to bring upon a test of 1.32. This region is usually a strong support and resistance line.

IMG_0428.PNG

Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair has dipped further. It is now beyond the 1.32 support line and hence there is probably a bearish bias.

The bollinger bands are also suggesting a bearish technical pressure with its downwards gradient.

The next probable bearish target is 1.3. We may see a strong bullish resistance against any dips due to the technical importance of 1.3

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.

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August 30th, 2014 @ 8:20 am by The Geek

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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 AUD/USD forecast we noted that the currency pair was in a tight trading range. The 0.94 region remained a crucial factor and hence observation was needed.

IMG_0427.PNG

Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair is still bounded by a narrow range. 0.94 lies right above the currency pair and hence any bullish attempt will need to overcome that too.

The lower bollinger may also exert pressure as an support and hence this can serve as our immediate bearish target.

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.

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August 29th, 2014 @ 8:06 am by Mark De La Paz

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Normally I do not believe that there is such a thing a a sure bet but when a central banks reputation is at stake then there is a lot on the line. While its true that a central bank is not all powerful nor is it infallible, recall George Soros and the Bank of England in the nineties, more than most players in the market it has the ability to consistently influence pries. And this take us to EURCHF, the open hostility between Russian forces and Ukraine’s security apparatus in rebel held territory has seen markets on the edge for risk aversion. This has meant that for the pair we have seen an acceleration of losses for the swiss franc. Yet the SNB has a standing commitment of a floor for the pair at 1.2000 and unlike the Soros / BoE tussle which saw the latter lose badly it is far more easier for a central bank to weaken a currency than to strengthen it. The latter needs credibility and actual demand by external parties to see a stronger currency. To weaken you need only resolve to print money ideally as inflation pressures are nil.

EURCHFWeekly

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August 29th, 2014 @ 5:54 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD was indecisive yesterday but overall still able to maintain its major bearish bias so far. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3220 – 1.3150. A clear break above 1.3220 could trigger further bullish pullback testing 1.3295. A clear break below 1.3150 could trigger further bearish pressure testing 1.3100 before challenging 1.3000 psychological support. Overall I still prefer a bearish scenario at this phase.

eurusdhourly

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