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July 3rd, 2015 @ 1:59 pm by Muhammad Azeem

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usd-jpyUSD/JPY 4 hours chart trend is sideways. Resistance is present at 124.45 price level. Since 10-June-2015, price is moving sideways and current price action looks like a possible bearish running triangle pattern in USD/JPY currency pair. Based on Elliott wave analysis, I expect price to remain sideways next week as well. However if price breaks above 124.45 resistance level then bearish forecast is going to fail. In this case, I would prefer to stay out of the market and re-analyze the price action.

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July 3rd, 2015 @ 3:21 am by William Gilday

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Screen Shot 2015-07-03 at 08.10.21

Hello traders good to be back with you on a Friday. Just a couple of comments it is a US holiday today for July 4th Independence Day. I would recommend that all your trading is on a demo account today as Asia had data and there is only one data release in London. I would expect a very slow market today, so go enjoy your three day weekend. OK let us take a look at the AUDUSD- This is the 1 hour chart. The trade for today is we look for a break of the trend line I have placed on the chart and look to enter at 0.7650. Be alert when you get price to the area of the daily pivot as I am expecting a bounce there just look left of the chart. I am looking to take profit at the Daily S1 pivot at price 0.7596 Traders we will talk with you soon…..William

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July 3rd, 2015 @ 2:23 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Potential daily range to be closely watched is seen between 1.1150 – 1.1030. A clear break above 1.1150 could trigger further bullish pressure testing 1.1200/50. On the other hand, a clear break below 1.1030 could trigger further bearish pressure testing the trend line support and 1.0950 area. My major technical outlook remains neutral.

eurusdhourly

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July 3rd, 2015 @ 2:18 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Potential daily range to be closely watched is seen between 1.5660 – 1.5560. A clear break above 1.5660 could trigger further bullish pressure testing 1.5700/15 region. On the other hand, a clear break below 1.5560 could trigger further bearish pressure testing 1.5500 or lower.

gbpusdh1

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July 3rd, 2015 @ 2:15 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 123.71 but whipsawed to the downside and hit 122.79 earlier today. The bias is bearish in nearest term testing 122.00. Immediate resistance is seen around 123.20. A clear break above that area could lead price to neutral zone in nearest term testing 123.70 – 124.00 area. As long as stays above 122.00 my major bullish outlook should remain valid.

usdjpy4h

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July 3rd, 2015 @ 2:10 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9417. The bias is neutral in nearest term probably with a little bearish bias especially if price able to make a clear break below 0.9420 testing 0.9350/30 region. Immediate resistance is seen around 0.9500 followed by 0.9540. My major technical outlook remains neutral.

usdchfhourly

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July 2nd, 2015 @ 9:49 pm by Muhammad Azeem

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eur-jpyTrend is over all sideways in EUR/JPY currency pair in 15 minutes time frame. Since 30th June 2015, price action is sideways and seems to me that price is waiting for a break out. Vital support is present at 133.73 price level. Based on bearish Triangle pattern in 15 minutes chart, I expect price to drop towards 133.73 support level. However; if we get a bullish break out instead of a bearish break down then the forecast is going to fail. In this case, I would prefer to stay out of the market and re-analyze the price action.

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July 2nd, 2015 @ 3:15 am by William Gilday

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Screen Shot 2015-07-02 at 08.48.53

Hello traders welcome to a Thursday as we have NFP due to holiday on Friday in the US July 4th. Traders you do not have to trade data to be a success in trading just know it is there and respect it and protect your trades. The currency pair I picked today is because for the last two weeks this pair every day has work on our bearish trade plans and continues to fall as It had bad data in Asia this morning. Also the AUD had bad data released in Asia today and move only 20 pips. So let us take a look at NUZUSD- This is the 1 Hour chart. I have to say today we just have a total look on this chart. This pair remains bearish. So I am going to place our entry just below the daily pivot at price level 0.6746. I am looking to take profit at support at 0.6704. Traders this is a pair that has worked so well the last two weeks bearish so let us enjoy the ride, just remember it is NFP today in NY session.

Talk Soon Traders ….. William

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