Forex Academy Quick Links:
Language:
English

2013 January

January 31st, 2013 @ 8:41 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD continued its bullish momentum yesterday topped at 1.3586. The bias remains bullish in nearest term testing 1.3600 – 1.3650 or higher. Immediate support is seen around 1.3485. A clear break back below that area could lead price to neutral zone in nearest term but only a clear break below 1.3400 could interrupt the bullish outlook. As long as stays inside the bullish channel my overall technical bias remains to the upside.

Click here to read the full article.

January 31st, 2013 @ 8:36 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD continued its bullish correction yesterday and hit 1.5834 earlier today. The false breakout bearish scenario should remain valid but nearest term bias is bullish now testing 1.5900. Immediate support is seen around 1.5770. A clear break below that area could lead price to neutral zone in nearest term testing 1.5700 which needs to be clearly broken to the downside to keep the bearish scenario remains strong.

Click here to read the full article.

January 31st, 2013 @ 8:33 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 91.50 – 92.00. Immediate support is seen around 90.20. A clear break below that area could lead price to neutral zone in nearest term testing 89.50 but any downside pullback now is normal and overall I remain bullish.

Click here to read the full article.

January 31st, 2013 @ 8:29 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday and hit 0.9086 earlier today. The bias remains bearish in nearest term testing 0.9000. Immediate resistance is seen around 0.9150. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 0.9200 my overall intraday bias remains to the downside.

Click here to read the full article.

January 31st, 2013 @ 1:57 am by Mark De La Paz

Click here to read the full article.

GBPJPY
GBPJPY Hourly ChartResistance: 144.20(25) moderate / 144.77 moderate / 145.00 psychological
Support: 143.60 minor / 143.06 moderate / 142.50 moderate

Wednesday saw GBPJPY surging along with the rest of the Yen pairs though we still saw a lower high in our multiple from the daily charts at 144.20. Daily indicators has stochastic crossing higher looking poised to push back into overbought levels while macd is flat under the signal line. Note the lower highs in our daily multiple top is a strong hint of bears lurking. In the lower time frames we have a double top in hourly charts with indicators showing a bearish stochastic and macd while the 4H picture has mixed signals though price action appears to be trying to get a bearish break out. Given the hints for a pullback look for a close under 143.60 to signal short or a rejection from just under 144.20 as an excuse for taking the sell side.

EURUSD
EURUSD Hourly ChartResistances: 1.3587 minor / 1.3608 moderate / 1.3650 minor
Support: 1.3555 minor / 1.3531 minor / 1.3500 strong

After pausing under 1.3500 in Asia we saw Euro pushing past the key resistance level at the open of European markets as real money demand continue to push the single currency higher. Note with the threat of a European dissolution already history we now have money stashed away returning to the single currency area. Daily indicators has stochastic overbought and macd’s pushing up. In intraday charts we have have a confluence of buys as well from the 4H picture though price action is suggesting loss of momentum once more. Hourly charts for their part has a confluence of bears with stochastic showing a divergence and macd a new bear cross. That said given the strong breakout from yesterday and risk appetite on expectation of a strong US jobs market we prefer a buy on dips to the 1.3531 and 1.3500 area.

NZDUSD
NZDUSD Hourly ChartResistance: 0.8367 minor / 0.8397 moderate / 0.8423 minor
Support: 0.8343 strong / 0.8307 minor / 0.8280 moderate

Following repeated intraday bearish break-outs through out the week we have Kiwi holding above its key support, 0.8343 38.2 Fib retracement of the rally from December 26. Daily candlesticks show either long tails or big white bodies though little progress has been made in pushing for the congestion highs. Indicators has stochastic pushing up while macd remains flat under the signal line. Note we have EMA lines flattening out with prices just around the 21D EMA. From the lower time frames we have a confluence of buys in 4H and hourly macd and stochastic with a double bottom in the former while hourly price action has a flag pattern. For now we prefer looking to trigger the hourly flag with a break of 0.8367 pushing for the pattern target at 0.8430, projected highs are at 0.8423. Note we are expecting risk appetite with market possibly pricing a strong read in US NFP Friday.

Click here to read the full article.

January 30th, 2013 @ 8:16 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD continued its bullish momentum yesterday and hit 1.3514 earlier today. The bias remains bullish in nearest term testing 1.3535 – 1.3600 area. Immediate support is seen around 1.3485/70. A clear break below that area could lead price to neutral zone in nearest term testing 1.3450/00 but as long as stays inside the bullish channel my overall technical outlook remains to the upside and any downside pullback now should be seen as a normal correction.

Click here to read the full article.

January 30th, 2013 @ 8:13 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD was corrected higher yesterday topped at 1.5772. The bias is neutral in nearest term probably with a potential minor upside pullback testing 1.5800/30. A clear break and daily close above that area could trigger further bullish pressure testing 1.5900. On the downside, we need a clear break at least back below 1.5700 to keep the false breakout bearish scenario remains strong testing 1.5600 region.

Click here to read the full article.

January 30th, 2013 @ 8:10 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY regained its bullish momentum yesterday and slipped above 91.00 earlier today. The bias remains bullish in nearest term testing 91.50 – 92.00. Immediate support is seen around 90.65/50. A clear break below that area could lead price to neutral zone in nearest term testing 90.20/00 but any downside pullback now is normal and overall I remain bullish.

Click here to read the full article.

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Blog Archive

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory