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March 27th, 2015 @ 4:34 pm by Muhammad Azeem

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usd-cadTrend is bearish in 1 hour chart. Intraday resistance is present at 1.2758 price level. As long as price prints; lower highs and lower lows, I would be probably looking for sell trades. Since yesterday, the currency pair has printed a strong bearish leg. This looks like a start of a new down trend. If bullish candlestick closes above 1.2758 critical resistance level then down 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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March 27th, 2015 @ 12:13 pm by Mark De La Paz

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There is something to be said about the dollars strength when strong secondary numbers could cause a 180 turn as the majors did yesterday following a soft read in the weekly claimant count and firmer figures for Flash Services PMI. Which now has the markets wondering what are we going to see in the days big double header for the US.

First we will be seeing Final GDP figures for Q4 where the market is looking at a 2.4% read against Q3′s 5.0% figure. This may have been a slow down but still underscores a growing economy and is an improvement from the initial estimates of a 2.2% read for the quarter. What should be interesting here for people is the GDP Price Index as a read which sustains the previous quarters strength or nearly so would likely lead to rate hike concerns rearing its head and consequently a stronger dollar play though consensus this time out is at a mere 0.1%.

calendar 032715

Also note worthy will ve Final figures from the University of Michigan with its Consumer Sentiment Index on the cards, though consensus expectations call for a bit of decline to 92.0.

From a technical perspective we are looking at the Euro and and Aussy with keen interest should a strong dollar play be confirmed as the former has a bearish engulfing in daily charts which also closed below the 21D EMA opening the possibility of a resumption of the bear market and a test of swing lows at 1.0479. And then there is Aussy where a strong dllar story could mean continuation of its rejection from 0.7912 with the 21D EMA at 0.7771 as our trigger for a move down to 0.7559.

MetaTrader - FX Clearing

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March 27th, 2015 @ 4:15 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1051 but whipsawed to the downside and closed at 1.0882. As you can see on my h4 chart below, the h4 EMA 200 still provides a good resistance. The bias is bearish in nearest term testing 1.0800 – 1.0750. Immediate resistance is seen around 1.0925. A clear break above that area could lead price to neutral zone in nearest term testing 1.1000 but key resistance remains around the h4 EMA 200 and 1.1040 region.

eurusdh4

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

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GBPUSD Forecast
The GBPUSD had another volatile but indecisive movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 1.4800. A clear break below that area could trigger further bearish pressure testing 1.4750 or lower. Immediate resistance is seen around 1.4885. A clear break above that area could trigger further bullish pressure testing 1.4950 or higher.

gbpusdh1

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

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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 118.32 but whipsawed to the upside and closed higher at 119.16. The bias is bullish in nearest term testing 119.60 – 120.00 area. Immediate support is seen around 119.00. A clear break below that area could lead price to neutral zone in nearest term testing 118.50 – 118.30 support area.

usdjpy4h

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March 27th, 2015 @ 3:57 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9489 but whipsawed to the upside and closed higher at 0.9624. The bias is bullish in nearest term testing 0.9700 – 0.9730 area. Immediate support is seen around 0.9600. A clear break below that area could lead price to neutral zone in nearest term testing 0.9550 – 0.9530 region.

usdchfhourly

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March 26th, 2015 @ 3:32 pm by Mark De La Paz

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Following Tuesday’s high wave candle and failure to close above the 0.7912 area we have had Aussy’ daily charts turn into a high wave candle opening the potential for further losses. From an even bigger picture we would note that we may be set to end the month as a higher high wave doji that is getting rejected from the 61.8 Fib of the rally from 2008. Essentially a signal that bulls are none to keen on going long. Economically it actually does not make sense for Australia to favor a stronger Aussy given the collapse in commodity demand. For now we suggest remaining focused for a sell on rallies play, particularly off the said 0.7912 area with the charts likely set to play a broad range of 0.7500 to 0.8000 in the next few weeks.

AUDUSDDaily

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March 26th, 2015 @ 7:57 am by William Gilday

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Screen Shot 2015-03-26 at 14.49.42

Hello traders good to be back with you and another chart analysis. Today we are looking at the AUDUSD 60 minute chart and it is just before the London open.This is a classic set up as we can see that spatially this is bullish on this time frame. I have placed the Fibonacci tool on the chart and we have a nice trade set up as we see price pulling back. We are looking for a pullback to the entry zone which is a Fibonacci level and we will buy this and our take profit will be the 161.8 Fibonacci level. I placed a stop on the chart however that can change depending on my entry and my money management of this trade, so it is placed just above the R1 pivot point. Very simple trade plan now we wait and let price come to us and look for our buy entry. Talk Soon Traders……. William

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