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2013 July

July 31st, 2013 @ 5:44 am by Setyo Wibowo

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EURUSD Forecast

The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term probably with a little bearish bias testing 1.3170/50 key intraday support. A clear break and daily close below that area would interrupt the bullish outoook testing 1.3100 or lower. On the upside, the trend line resistance and 1.3330/50 remains a strong/key resistance which needs to be clearly broken to the upside to continue the bullish scenario.

eurusddaily

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July 31st, 2013 @ 5:32 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD continued its bearish momentum yesterday and hit 1.5219 earlier today. The bias remains bearish in nearest term testing 1.5200 – 1.5100. Immediate resistance is seen around 1.5250. A clear break above that area could lead price to neutral zone in nearest term  testing 1.5300. The major bullish scenario remains intact but price is in a valid bearish correction phase. I prefer to stand aside for now.

gbpusddaily

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July 31st, 2013 @ 5:19 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays below 99.00 I still prefer a bearish scenario at this phase with nearest target remains around 96.70.

usdjpydaily

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July 31st, 2013 @ 5:05 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive yesterday. There are no changes in my technical outlook. Price is moving sideways suggests a consolidation phase. I still prefer a bearish scenario at this phase and only a clear break back above 0.9350 would interrupt the bearish scenario. On the downside, 0.9250 – 0.9180 remains the nearest bearish target.

usdchfhourly

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July 31st, 2013 @ 1:26 am by Mark De La Paz

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AUDUSD
Resistance: 0.9075 minor / 0.9106 moderate / 0.9128 moderate
Support: 0.9041 strong / 0.9000 psychological / 0.8944 moderate

Aussy Tuesday saw a sharp sell-off down to the 0.9041 region our range play floor for the past month. Daily indicators are showing a confluence of shorts with stochastic pushing oversold and macds seeing a new bear cross. Note EMA lines have been bearish with the 34D EMA acting as a good rejection area. From the lower time-frames we are seeing a bearish bias as 4H stochastic oscillate in oversold levels while macd is dropping. Hourly charts has a new bear cross in stochastic while macd is pointing up. Bias at this point is for the sell-side of Aussy with a close under 0.9041 in the hourly charts paving the way for a retest of the psychological price point 0.9000. Alternative entry will be a rejection from 0.9075.

GBPUSD
Resistance: 1.5265(72) moderate / 1.5322 moderate / 1.5354 minor
Support: 1.5223 moderate / 1.5192 moderate / 1.5157 minor

Finally we have Cable retreating from the 61.8 Fib retracement level of our sell-of for June, with the close under the daily EMA lines and triggering a double top pattern. At the moment we have a confluence of bears among the daily indicators with stochastic pushing for oversold areas while macd also has a new bear cross. In the lower time frame we also have a confluence of bears with stochastic oversold in 4H charts while macd has push through the zero line heading lower. Hourly charts for their part are seeing mixed signals with stochastic getting a new bear cross and macd a new bullish crossover. Immediate risk calls for further losses with a break of 1.5223 serving as a possible bearish entry immediate objective at 1.5196 ultimately looking to down to the 1.5050 region.

EURUSD
Resistance: 1.3267 moderate / 1.3300 moderate / 1.3335 minor
Support: 1.3232 moderate / 1.3208 moderate / 1.3174 moderate

Euro has been showing signs of lost momentum since Friday last week with yesterday again showing a high wave candle. From indicators we have daily stochastic coming off overbought levels while macd is topping out. Intraday we are seeing mixed signals as 4h stochastic and macd is dropping while hourly indicators has both stochastic and macd crossing up. For now we continue to see markets ignore news coverage out of Europe with little conviction on either side of EURUSD. That said given the daily candlesticks and our rally the past three weeks we are looking for people to book profits ahead of NFP Friday. Consider shorts just under the 1.3232 price point.

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July 30th, 2013 @ 7:32 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 challenging 1.3170/50 key intraday support. A clear break and daily close below that area would interrupt the bullish outoook testing 1.3100 or lower. Immediate resistance is seen around 1.3270. A clear break above that area could trigger further bullish pressure testing the trend line resistance and 1.3330/50. A clear break and daily close above the trend line resistance would keep the bullish phase remains strong testing 1.3400 or higher.

eurusddaily

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July 30th, 2013 @ 7:22 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was corrected lower yesterday and hit 1.5314 earlier today. The bias is bearish in nearest term but as long as stays above 1.5300 the bullish phase should remain valid. A clear break and daily close below 1.5300 could trigger further bearish pressure testing 1.5250/00 area. Immediate resistance is seen around 1.5360. A clear break above that area could lead price to neutral zone in nearest term retesting 1.5400/33 which needs to be clearly broken to the upside to continue the bullish scenario testing 1.5480 (daily EMA 200)

gbpusddaily

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July 30th, 2013 @ 7:17 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY was indecisive yesterday. The bias is neutral in nearest term but as long as stays below 99.00 I still prefer a bearish scenario at this phase with nearest target remains around 96.70. Immediate support is seen around 97.80. A clear break below that area could trigger further bearish pressure.

usdjpydaily

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