Live Trading Room Quick Links:
Forex Academy Quick Links:
Misc. Quick Links:
Language:
English

FX Instructor Forex Blog - For Traders, By Traders

April 23rd, 2014 @ 3:44 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast        

The EURUSD had another indesicive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3780 – 1.3850. A clear break below 1.3780 could trigger further bearish pressure testing 1.3750 – 1.3700. On the other hand,  a clear break above 1.3850 could trigger further bullish pressure testing 1.3900 before challenging 1.4000. The ascending triangle bullish scenario on daily chart remains valid.

eurusdhourly

Click here to read the full article.

April 23rd, 2014 @ 3:40 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast

The GBPUSD attempted to push higher yesterday and now struggling around 1.6820 key resistance area which need to be clearly broken to the upside to continue the bullish scenario testing 1.6850 – 1.6900. The bias is bullish in nearest term. Immediate support is seen around 1.6800. A clear break below that area could lead price to neutral zone in nearest term testing 1.6750 or lower. Overall I still prefer a bullish scenario at this phase.

gbpusddaily

Click here to read the full article.

April 23rd, 2014 @ 3:37 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast

The USDJPY was indecisive yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 103.00 or higher. Immediate support remains around 102.35. A clear break below that area could lead price to neutral zone in nearest term testing 102.00 – 101.50. As long as stays above the trend line support, my overall technical outlook remains bullish.

usdjpydaily

Click here to read the full article.

April 23rd, 2014 @ 3:29 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast

The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 0.8815 support area. A clear break below that area could trigger further bearish pressure testing 0.8740. Overall, as long as stays below 0.8870 I still prefer a bearish scenario at this phase.

usdchfhourly

Click here to read the full article.

April 22nd, 2014 @ 4:38 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast        

The EURUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3780 – 1.3850. A clear break below 1.3780 could trigger further bearish pressure testing 1.3750 – 1.3700. On the other hand,  a clear break above 1.3850 could trigger further bullish pressure testing 1.3900 before challenging 1.4000. The ascending triangle bullish scenario on daily chart remains valid.

eurusdhourly

Click here to read the full article.

April 22nd, 2014 @ 4:34 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast

The GBPUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. My major outlook remains bullish, but need a clear break above 1.6820 key resistance area to continue the bullish scenario testing 1.6850 – 1.6900. CCI is back below 100 level on daily chart, suggests a potential bearish pullback if 1.6820 resistance can not be clearly broken, testing 1.6750 – 1.6700 support area.

gbpusddaily

Click here to read the full article.

April 22nd, 2014 @ 4:30 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast

The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term testing 103.00 or higher. Immediate support remains around 102.35. A clear break below that area could lead price to neutral zone in nearest term testing 102.00 – 101.50. As long as stays above the trend line support, my overall technical outlook remains bullish.

usdjpydaily

Click here to read the full article.

April 22nd, 2014 @ 4:24 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast

The USDCHF had a moderate bullish momentum yesterday. The bias remains bullish in nearest term testing 0.8870. A clear break above that area could trigger further bullish pressure testing 0.8950. Immediate support is seen around 0.8815. A clear break below that area could lead price to neutral zone in nearest term testing 0.8780 – 0.8740. Overall I still prefer a bearish scenario at this phase unless price convincingly moves above 0.8870.

usdchfhourly

Click here to read the full article.

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory Fave this Blog on Technorati