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September 30th, 2016 @ 3:25 am by William Gilday

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Screen Shot 2016-09-30 at 10.00.17

Hello traders and welcome to Friday the end of the month. We are looking at several charts as we focused in Asia on the CNY Caxin release and no movement in the market. OK so I am looking at the EURAUD trade today as my bias is bearish and all I am looking for is the opportunity to sell this. We look at the charts and you can see we have reached resistance and has tested this level without success. I am looking for a bearish formation and would like to enter this trade at the price level of 1.4718. There is a second entry at the price level of 1.4687. I am looking to take profit at support at the price of 1.4564.

Thank You traders ansd we will see you after the weekend break…..William

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September 30th, 2016 @ 2:00 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. It’s been a boring market as price is moving sideways without clear direction. Range-bound trading, buying around support or selling around resistance is the best strategy in this kind of market. The bias remains neutral in nearest term. Immediate support is seen around 1.1180. A clear break below that area could trigger further bearish pressure testing 1.1125 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1275. A clear break above that area could trigger further bullish pressure testing 1.1350 which remains a good place to sell with a tight stop loss. Overall I remain neutral.

eurusdhourly

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September 30th, 2016 @ 1:45 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.2954 and hit 1.2945 earlier today. The bias is bearish in nearest term testing 1.2900 region but key support remains around 1.2790 which remains a good place to buy. Immediate resistance is seen around 1.3000. A clear break above that area could lead price to neutral zone in nearest term testing 1.3050 region. Price has been moving sideways since the Brexit but overall I remain bearish.

gbpusdh4

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September 30th, 2016 @ 1:43 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 101.84 but closed lower at 101.01. The bias is neutral in nearest term. Immediate support is seen around 100.80. A clear break below that area could trigger further bearish pressure retesting 100.10 key support. Immediate resistance is seen around 101.40. A clear break above that area would keep the double bottom bullish scenario remains strong testing 102.00/20 region. Overall I remain bearish.

usdjpyhourly

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September 30th, 2016 @ 1:40 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9639 and now struggling around 0.9660. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 0.9660 testing 0.9600 area or lower. Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9740 and keep price in range area as you can see on my H1 chart below. Overall I remain neutral.

usdchfhourly

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September 29th, 2016 @ 5:50 pm by Muhammad Azeem

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eur-jpy-15MTrend is bearish in EUR/JPY currency pair in 15 minutes time frame. Based on Elliott wave analysis price is falling down to print a bearish impulse wave leg.

Short term resistance is present at 113.64 price level. I expect price to drop more towards 112.70 price level in next coming trading hours. A good idea is to look for a sell trade and join the down trend.

However; a bullish break out in price action above 113.64 price level will the down trend. In such market scenario I would prefer to wait out side and reanalyze the price action in EUR/JPY currency pair, fifteen minutes chart.

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September 29th, 2016 @ 2:29 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday. Price slipped below 1.1200 but unable to stay consistently below that area so far. From a H4 chart perspective as you can see on my H4 chart below, price has been moving sideways between 1.1350 – 1.1125 for the last six weeks and we need a clear break from that range area to see clearer direction. The bias is neutral in nearest term. Immediate resistance is seen around 1.1275. A clear break and daily close above that area could trigger further bullish pressure testing 1.1350 which remains a good place to sell with a tight stop loss. Immediate support is seen around 1.1200. A clear break below that area could trigger further bearish pressure testing 1.1125 which is a good place to buy with a tight stop loss. Overall I remain neutral.

eurusdh4

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September 29th, 2016 @ 2:17 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bullish intraday bias and hit 1.3058 earlier today. The bias remains bullish in nearest term testing 1.3100 but overall I remain bearish. Immediate support is seen around 1.3000. A clear break below that area could lead price to neutral zone in nearest term testing 1.2950/00 area but key support remains around 1.2790 which remains a good place to buy with a tight stop loss.

gbpusdh4

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