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February 27th, 2015 @ 10:29 am by Muhammad Azeem

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xau-usdTrend is bearish in 1 hour time frame. The intraday resistance could be seen at the price level of 1236.83 price level. Yesterday, the price of XAU/USD tried to rise and then fall which looks like start of a weak bearish trend. As long as the flow of market remains down, I am interested to take selling trading opportunities. If bullish candlestick closes above 1236.83 critical resistance level then down trend is going to end. Hence, I might like to quit trading XAU/USD and redo the 1 hour chart analysis.

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February 27th, 2015 @ 4:20 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday, broke below the range area and 1.1270 key support as you can see on my hourly chart below, bottomed at 1.1182. The bias is bearish in nearest term testing 1.1100 area. Immediate resistance is seen around 1.1240. A clear break above that area could lead price to neutral zone in nearest term testing 1.1270 or higher but overall I still prefer a bearish scenario at this phase with sell on rallies strategy.

eurusdhourly

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February 27th, 2015 @ 4:10 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD failed to continue its bullish momentum yesterday and now struggling around the lower line of the bullish channel as you can see on my hourly chart below. The bias is bearish in nearest term testing 1.5380 key support. A clear break below that area could trigger further bearish pressure testing 1.5300. Immediate resistance is seen around 1.5450. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario remains intact retesting 1.5480 or higher.

gbpusdh1

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February 27th, 2015 @ 4:03 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 119.49 but unable to stay consistently above 119.40 so far. The bias is bullish in nearest term especially if price able to make a clear break above 119.40 testing 119.80 – 120.00 area. Immediate support is seen around 119.15. A clear break below that area could lead price to neutral zone in nearest term testing 118.65 but key support remains around 118.30. The best intraday trading strategy for now remains to sell around 119.40 or buy around 118.30 with a tight stop loss.

usdjpyhourly

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February 27th, 2015 @ 3:46 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a moderate bullish momentum yesterday topped at 0.9545 but traded lower earlier today hit 0.9500. The bias is neutral in nearest term. Immediate support is seen around 0.9450. A clear break below that area could trigger further bearish pressure testing 0.9400 area. Overall I still prefer a bullish scenario at this phase with nearest bullish target seen around 0.9600.

usdchfdaily

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February 26th, 2015 @ 3:30 pm by Mark De La Paz

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Two hours after the release of a mixed set of numbers we find acrpss the board strength for the greenback. Euro has broken lower of its consolidation for the month, Cable is developing a daily engulfing candle to possibly define the swing highs, and the commodity set is in retreat. One might ask why is this happening given the mixed numbers.

MetaTrader - FX Clearing

Consider what we saw, core inflation metrics actually rose, perhaps the one data that the FOMC needs to see picking up to seriously consider raising rates. And while one data does not a trend make it creates a possible inflection point. We could even argue that the weakness in the headline CPI at -0.7% could be the finalimpact of the drop in oil prices finally reaching the broader economy. With its effect likely to peter out going forward.

calendar 022615

And then there is Durable Goods, true the core data came out weaker than expected at 0.3% against the consensus forecast of 0.5% yet the headline figure came out a whopping 2.8% against the 1.7% consensus forecast suggesting new sales on ships, trains, and aircraft which will imply more manufacturing jobs and an improved outlook in next weeks NFP.

All these building the argument for a tightening.

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February 26th, 2015 @ 3:34 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.1450. A clear break above that area could trigger further bullish pressure testing 1.1530 key resistance. Immediate support is seen around 1.1335. A clear break below that area could trigger further bearish pressure testing 1.1270 key support.

eurusdhourly

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February 26th, 2015 @ 3:29 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday and hit 1.5551 earlier today. The bias is bullish in nearest term testing 1.1.5580 – 1.5620 area. Immediate support is seen around 1.5480. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and as long as stays inside the bullish channel I still prefer a bullish scenario at this phase.

gbpusdh1

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