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October 22nd, 2014 @ 4:02 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD had a bearish momentum yesterday and hit 1.2705 earlier today. As you can see on my hourly chart below, price is testing the lower line of the bullish channel  and 1.2700 support area. Price is in a critical point. The bias is bearish in nearest term. A clear break and consistent movement below the bullish channel and 1.2700 could trigger further bearish pressure testing 1.2650 – 1.2580. Immediate resistance is seen around 1.2770. A clear break above that area could lead price to neutral zone in nearest term but would give the bullish scenario another chance testing 1.3000 region.

eurusdhourly

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October 22nd, 2014 @ 3:57 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD failed to continue its bullish momentum yesterday and hit 1.6104 earlier today. Overall price is still in a corrective bullish phase testing 1.6250 resistance area but the bias is neutral in nearest term. Immediate support is seen around 1.6070. A clear break below that area could trigger further bearish pressure testing 1.6030 or lower, which could potentially end the bullish corrective phase. Immediate resistance is seen around 1.6150. A clear break above that area could trigger further bullish pressure testing 1.6200 – 1.6250 area.

gbpusdh1

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October 22nd, 2014 @ 3:53 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had another indecisive movement yesterday. Price attempted to push lower, bottomed at 106.23 but closed higher at 106.96 and hit 107.10 earlier today. The bias is neutral in nearest term but as long as stays below 107.55 I still prefer a bearish scenario at this phase testing 104.70. Immediate support is seen around 106.50. A clear break below that area could trigger further bearish pressure testing 106.00 or lower.

usdjpyhourly

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October 22nd, 2014 @ 3:44 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF failed to continue its bearish momentum yesterday, slipped above the bearish channel as you can see on my hourly chart below. The bias is bullish in nearest term testing 0.9550 – 0.9620. Immediate support is seen around 0.9470. A clear break below that area could lead price to neutral zone in nearest term testing 0.9400 and keep the bearish scenario remains intact targeting 0.9300.

usdchfhourly

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October 21st, 2014 @ 2:03 pm by Muhammad Azeem

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usd-cadTrend is bullish in 1 hour chart. Intraday support is present at 1.1070 price level. As long as price prints; higher highs and higher lows, I would be probably looking for buy trades. Since yesterday, the currency pair has printed a strong bearish leg. This looks like a start of a bearish trend. If bearish candlestick closes below 1.1070 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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October 21st, 2014 @ 4:58 am by William Gilday

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Screen Shot 2014-10-21 at 11.50.21

Hello traders I was looking at some pairs and what they are moving per day on a 4 week average, I have to say I was very surprised at the results. This pair is moving 133 pips per day. I could not belive when I noticed the EURUSD moving above 100 pips per day. Ok this is the plan for this pair today We need a close below the trend line and also the S3 Pivot so we can short this. The take profit is the 161.8 Fibonacci level. This is a nice trade plan and could work it might take 2 days however there sure is no good data out of the Euro zone and the Aussie is strong at the moment so let us take advantage of the opportunity. There is only 1 data release today of high impact and that is in the NY session. Talk Soon Traders … William

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October 21st, 2014 @ 3:45 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD had a bullish momentum yesterday topped at 1.2815. The bias is bullish in nearest term testing 1.2900 before testing 1.3000 psychological level. Immediate support is seen around 1.2770. A clear break below that area could lead price to neutral zone in nearest term testing 1.2700 but as long as stays inside the bullish channel I still prefer a bullish scenario at this phase.

eurusdhourly

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October 21st, 2014 @ 3:35 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bullish momentum yesterday topped at 1.6178. The bias remains bullish in nearest term testing 1.6250 key resistance. Immediate support is seen around 1.6125. A clear break below that area could lead price to neutral zone in nearest term testing 1.6070 – 1.6030 support area.

gbpusdh1

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