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August 3rd, 2015 @ 6:35 pm by Muhammad Azeem

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usd-jpy-4hTrend is bullish in USD/JPY 4 hours time frame. Vital support could be seen around 122.92 price level. Since last Friday, price is moving sideways. I expect price to complete bearish Wave C leg. Based on Elliott wave pattern, market is probably going to remain sideways for the time being. Next, expect a new high in price. If bearish candlestick closes below 122.92 critical support level then up trend is going to end. In this case, I would prefer to stay out of the market and re-analyze the price action.

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August 3rd, 2015 @ 3:02 am by William Gilday

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Screen Shot 2015-08-03 at 07.52.42

Hello traders welcome back to a new trading week. Traders today We have Aussie and CAD on bank holiday. we do have data in all three sessions and as I look at the charts they are really looking good for this Monday trading day.
So as we do every Monday let us take a look at the EURUSD- This is the 30 Minute chart. Today we are going to keep with the trend. We are bearish on the daily and this chart so we want to sell this. We are looking for price action to come back to the daily pivot point as the 200 ema is in the same area gives us good resistance. I am looking for for an entry at 1.0996 with a bearish candle formation. I am looking for a take profit at the S1 pivot at price level 1.0896 Thanks Traders Talk soon….. William

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August 3rd, 2015 @ 2:20 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was volatile but indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term probably with a little bearish bias testing 1.0900 support area. Immediate resistance is seen around 1.1030 but key resistance is seen around 1.1130. My major technical outlook remains neutral/unclear. Potential daily range today is seen between 1.0900 – 1.1030.

eurusdhourly

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August 3rd, 2015 @ 2:12 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD didn’t make significant movement last week. The bias is neutral in nearest term probably with a little bearish bias testing 1.5540 support area. Immediate resistance is seen around 1.5675. A clear break above that area could trigger further bullish pressure testing 1.5750 area. Potential daily range today remains between 1.5540 – 1.5675. My major technical outlook remains neutral.

gbpusdh1

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August 3rd, 2015 @ 2:03 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive last week. The bias is neutral in nearest term probably with a little bullish bias testing 124.50 area. Immediate support is seen around 123.50. A clear break below that area could trigger further bearish pressure testing 123.00. Potential daily range today remains between 123.00 – 124.50. My major technical outlook remains neutral.

usdjpy4h

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August 3rd, 2015 @ 1:49 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was volatile but indecisive last week. The bias is neutral in nearest term probably with a little bullish bias testing 0.9720 resistance area. Immediate support is seen around 0.9600. A clear break below that area could trigger further bearish pressure testing 0.9550 region. Potential daily range today is seen between 0.9600 – 0.9720.

usdchfhourly

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August 2nd, 2015 @ 1:54 pm by The Geek

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

Good day to everyone.

In the previous EUR/USD forecast we noted that the currency pair was bullish for the week. It did approach the 1.08 region as expected before a bullish correction took place. The current bullish recovery might be temporary. A clearance of it would bring us to 1.11. Any bearish return might once again target 1.08

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair is a near doji for the week. As mentioned last week, the bullish correction was temporary indeed.

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

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July 31st, 2015 @ 5:21 am by Muhammad Azeem

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usd-jpyTrend is bullish in USD/JPY currency pair in 4 hours time frame. Support is present at 122.92 price level. I expect price to drop to complete bearish Wave C. Based on Elliott wave pattern, market is probably going to remain sideways for the time being. Next, expect a new high in price. If bearish candlestick closes below 122.92 critical support level then up trend is going to end. In this case, I would prefer to stay out of the market and re-analyze the price action.

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