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March 24th, 2017 @ 8:27 am by William Gilday

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Screen Shot 2017-03-24 at 07.29.50

Hello traders as we take a look at the AUDUSD 60 minute chart. When i looked at this I really like the aggressive sell off and I am looking for a short trade. I would like to see this pull back to the 38.2 Fibonacci level at the price zone of 0.7660 with a bearish candle formation. At that point I will place my sell entry. I am looking for this to come down to the support take profit zone as marked on the chart at the price level of 0.7590. The issue is we are far from our entry and this might take the US session for this trade to enter.

Thank you traders have a safe and happy weekend break we will talk soon……William

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March 24th, 2017 @ 12:51 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Price is still trending higher in short term, moving above the EMA 200 and a trend line support as you can see on my H1 chart below but from a daily chart perspective 1.0830 – 1.0873 resistance area also remains well-respected and good place to sell with a tight stop loss. Key intraday support is seen around 1.0725 located around the EMA 200 and the trend line support. A clear break and daily/weekly close below that area would end the current short term bullish trend. On the upside, a clear break and daily/weekly close above 1.0873 would activate my bullish mode next week targeting 1.1000 region.

eurusdhourly

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March 24th, 2017 @ 12:38 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2531. Price is still moving confidently inside the bullish channel and above the EMA 200 as you can see on my H1 chart below. The bias remains bullish in nearest term testing 1.2570 – 1.2600 region. Immediate support is seen around 1.2475. A clear break below that area could lead price to neutral zone in nearest term testing 1.2420 but only a clear break back below the EMA 200 (1.2380) would interrupt the current bullish phase. Overall I remain neutral.

gbpusdh1

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March 24th, 2017 @ 12:34 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias. The bias is bearish in nearest term testing 110.25/00 region. As you can see on my daily chart below, price slipped below 111.30 key support but still struggling around the daily EMA 200 located around 111.00.  So from a longer term daily chart perspective we may need to wait until price convincingly close below 111.30/00 to expect a deeper movement to the downside.  On the other hand, any sustained pullback above 111.30 could trigger further bullish pressure testing 111.80 or higher.

usdjpydaily

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March 24th, 2017 @ 12:30 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but price is still in a bearish phase after fell below the bullish channel as you can see on my H4 chart below targeting 0.9870 – 0.9800 support area. Immediate resistance is seen around 0.9975. A clear break above that area could trigger further bullish pullback testing 1.0015. Overall I remain neutral.

usdchfh4

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March 23rd, 2017 @ 9:14 pm by Muhammad Azeem

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3-24-2017 2-11-22 AMTrend is bearish in four hours chart. Important resistance is present at 0.8735 price level. Price is most likely going to drop more towards 0.8555 price level to print bearish Wave a leg which is part of a second bearish Zig Zag Elliott Wave Pattern. In my opinion, Double Zig Zag is probably going to appear now on price chart.

A trading idea is to take a sell trade at wave b termination point and join the down trend to ride Bearish Wave Y leg. However; if price breaks above 0.8735 vital resistance level then down trend is going to end. In such a market scenario, it would be best not to trade the market and re-analyze the EUR/GBP 4 hours time frame.

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March 23rd, 2017 @ 1:38 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase, still respecting the EMA 200 and the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 1.0820. A clear break above that area would expose 1.0873 area but note that from a daily chart perspective 1.0830 – 1.0873 area remains a good place to sell with a tight stop loss. Immediate support is seen around 1.0775. A clear break below that area could trigger further bearish pressure testing 1.0725 and the EMA 200/trend line support. On the upside, a clear break above 1.0873 would activate my bullish mode.

eurusdhourly

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March 23rd, 2017 @ 1:33 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bullish bias so far. As you can see on my H1 chart below price is moving inside a bullish channel and above the EMA 200 suggests a valid bullish outlook. The bias remains bullish in nearest term testing 1.2570 region. Immediate support is seen around 1.2420. A clear break below that area would be a threat to the bullish phase testing the EMA 200 and 1.2350/00 region. Overall I remain neutral.

gbpusdh1

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