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2013 December

December 30th, 2013 @ 9:12 am by William Gilday

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EURUSD: This trade was entered on 12/20/2013 from the 4 hour history pivot chart. This trade was taken in the live trading room with other traders as I explained the use of pivots on the 4 hour history pivot chart. As you all know there are some pivot points that are very powerful and price action will respond to that price area.

Fllow up on live trade in the LTR.

Fllow up on live trade in the LTR.

The main pivots I look at is the daily pivot, S2 pivot and R2 pivot. This trade was also looking at the support area of 1.3620 and it was sitting at the S2 pivot with indecision candles so the trade was a good set up on the 1 Hour chart. I looked for the high on the current screen and was looking for my Take Profit at 1.3808 at an R2 pivot area.  As this area was hit previous and looked like an area that would be re tested again. This trade took 10 days total to complete and did on Friday the 27th which was a very low volume trading day and end of year situation. In my trade plan I was ready for this crazy price action over the holiday season. This trade took patience and good trade management as I did not move my stop to break even anytime during this trade. This was a great way to end the trading year of 2013 and I am looking for some exciting trading in 2014.

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December 30th, 2013 @ 6:13 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD attempted to push higher last week, topped at 1.3892 but whipsawed to the downside and closed lower at 1.3737. The bias is neutral in nearest term. Immediate support is seen around 1.3715. A clear break below that area could trigger further bearish pressure testing 1.3650 – 1.3600 key support area. Immediate resistance is seen around 1.3812 followed by 1.3850.

eurusddaily

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December 30th, 2013 @ 6:10 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bullish momentum last week topped at 1.6577 but closed lower at 1.6480. The bias is neutral in nearest term probably with a little bullish bias retesting 1.6577. Immediate support is seen around 1.6460. A clear break below that area could trigger further bearish pressure testing 1.6400 but overall I remain bullish.

gbpusddaily

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December 30th, 2013 @ 6:05 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY continued its bullish momentum last week, topped at 105.18 and hit another fresh high at 105.41 earlier today. The bias remains bullish in nearest term testing 106.00. Immediate support is seen around 105.00. A clear break below that area could lead price to neutral zone in nearest term testing 104.60 or lower, but any downside pullback now is normal and overall I remain bullish.

usdjpydaily

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December 30th, 2013 @ 6:01 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF attempted to push lower last week, bottomed at 0.8799 but whipsawed to the upside and closed higher at 0.8909. The bias is neutral in nearest term. Immediate resistance is seen around 0.8950. A clear break above that area could trigger further bullish pressure testing 0.9000. Immediate support is seen around 0.8870 followed by 0.8800. The major bearish scenario should remain valid but I will stand aside for now.

usdchfhourly

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December 29th, 2013 @ 3:06 pm by The Geek

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TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair failed to conquer the resistance of 1.38. With the European Union receiving a downgrade from S&P , close monitoring was advised so as the effect of which and also of the tapering of quantitative easing could be determined.

20131229-223439.jpg

Technical Analysis

Looking at the EUR/USD daily chart above we note that the currency pair was bullish for the week although I would not be so eager to jump on the train. As evident with the spikes, especially on the last trading day of the week, low volume and liquidity conditions persist.

I have plotted possible support and resistance levels on the chart above. Possible supports are 1.36 and 1.3680. The strong resistance of 1.38 lies above.

Don’t miss the fundamental analysis
continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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December 28th, 2013 @ 4:00 pm by The Geek

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Simultaneous Release at
TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders and readers.

In the previous AUD/USD forecast we noted that the 0.89 would probably be a strong support. Should bullish correction persist, we might consider a target of just above 0.9. Fundamental conditions remained weak.

20131228-232617.jpg

Technical Analysis

Looking at the AUD/USD daily chart above we note that the currency pair failed to gain bullish momentum and slowly slipped lower throughout the trading week.

0.89 continues to play a pivotal role and the currency pair is now slightly below it. I would not rush to presume that this is an indication of a failure in support. I recommend more monitoring to see if the AUD/USD dips lower.

I have indicated possible immediate support and resistance levels in the chart.

Don’t miss the fundamental analysis
continue on to TheGeekKnows.com for the fundamental analysis of the AUD/USD Forecast Weekly Review to understand more about the underlying market sentiments.

Click here to read the full article.

December 27th, 2013 @ 5:34 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD had a bullish momentum earlier today hit 1.3745. The bias is bullish in nearest term testing 1.3800 – 1.3850 key resistance. Immediate support is seen around 1.3700. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.3600 the major bullish outlook should remain valid.

eurusddaily

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