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August 26th, 2016 @ 3:41 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias. Immediate support is seen around 1.1250. A clear break below that area could trigger further bearish pressure testing 1.1200 – 1.1180 region. Immediate resistance is seen around 1.1315. A clear break above that area could trigger further bullish pressure testing 1.1400 region. My major technical outlook remains neutral.

eurusddaily

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August 26th, 2016 @ 3:35 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. As you can see on my H4 chart below price is struggling around the H4 EMA 200. The bias is neutral in nearest term. Immediate support is seen around 1.3170. A clear break below that area could trigger further bearish pressure testing 1.3100 region. Immediate resistance is seen around 1.3215. A clear break above that area could trigger further bullish pressure testing 1.3300 area. Overall, as long as stay below 1.3500 I remain bearish.

gbpusdh4

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August 26th, 2016 @ 3:26 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term. As you can see on my H1 chart below price has been moving sideways between 101.15 – 99.50 and need a clear break from the range area to see clearer direction. Overall I remain bearish. A clear break and daily/weekly close below 99.50 would expose 98.00 – 97.50 region next week. On the other hand, a clear break and daily/weekly close above 101.15 could trigger further bullish pullback testing 102.00 – 102.80 region.

usdjpyhourly

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August 26th, 2016 @ 3:22 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 0.9641 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 0.9600 area. Immediate resistance is seen around 0.9700. A clear break above that area could trigger further bullish pressure testing 0.9750. My major technical outlook remains neutral.

usdchfdaily

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August 26th, 2016 @ 2:13 am by William Gilday

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Screen Shot 2016-08-26 at 06.54.46

Hello traders good to be back with you as we are almost finished with summer and looking to traders coming back to the markets. Yes it is very slow and trading is not easy this time of year. Today we are looking at the GBPUSD as this GBP has a lot of data to be released today. My bias is bearish and I want to sell this at the resistance point at the price level of 1.3201. I would look to take profit at the support level of 1.3152 for some nice pips on a Friday. Traders I have to say this is a good day to trade a demo account as the charts do not look good. Traders are waiting for Fed Chair Yellen to speak at Jackson Hole 10AM EST today.

Thank you traders and we will talk soon…….William

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August 25th, 2016 @ 8:25 pm by Muhammad Azeem

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usd-chfTrend is bullish in USD/CHF currency pair, 30 minutes time frame. As I have suggested yesterday during my daily Live trading room session, market is rising up on a short term basis to complete bullish Wave A leg which is part of a larger version of a bullish Zig Zag pattern and traders should look for a long trade. So, all those Forex traders who have followed the analysis have made the right decision as the price has ascended. Strong key support level is present at 0.9536 price level.

Be sure to check out daily Forex market updates via Live Trading Room. In my judgement, price action in USD/CHF is now going to drop first before it goes back up towards 0.9765 price level to complete bullish Wave C leg, in coming trading days.

Currently; I expect price to start the drop which is just going to be a short term pull back. Bearish pull back in price action offers a possible Buy trade setup to join an up trend. However; if price of USD/CHF currency pair breaks below 0.9536 critical support level then I might like to stay out of the market and re-examine the thirty minutes chart of USD/CHF currency pair.

See the attached screen shot image of USD/CHF 30 minutes chart.

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August 25th, 2016 @ 2:28 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a moderate bearish momentum yesterday bottomed at 1.1245. The bias is bearish in nearest term testing 1.1200 – 1.1180 region. Immediate resistance is seen around 1.1310. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario after broke above the trend line resistance remains strong testing 1.1400 area. On the downside, a clear break and daily close below 1.1180 would expose 1.1080/50. My major technical outlook remains neutral.

eurusddaily

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August 25th, 2016 @ 2:16 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its intraday bullish bias, topped at 1.3272. Price slipped above H4 EMA 200 as you can see on my H4 chart below suggests a bullish condition. The bias remains bullish in nearest term testing 1.3300 – 1.3370 but as long as stay below 1.3500 my major technical outlook remains bearish. Immediate support is seen around 1.3215. A clear break below that area could lead price to neutral zone in nearest term testing 1.3150 area.

gbpusdh4

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