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2014 January

January 31st, 2014 @ 6:52 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD had a bearish momentum yesterday after broke below 1.3600 and hit 1.3539 earlier today. The bias is bearish in nearest term testing 1.3500 – 1.3400 and the daily EMA 200. Immediate resistance is seen around 1.3560. A clear break above that area could lead price to neutral zone in nearest term testing 1.3600 or higher. My major technical outlook remains neutral.

eurusddaily

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January 31st, 2014 @ 6:43 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday bottomed at 1.6444. The bias is bearish in nearest term testing 1.6400. Immediate resistance is seen around 1.6500. A clear break above that area could lead price to neutral zone in nearest term testing 1.6550 or higher. Price is in a bearish correction phase but as long as stays above 1.6259 the major bullish outlook should remain valid.

gbpusddaily

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January 31st, 2014 @ 6:39 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term probably with a little bearish bias testing 101.70. Immediate resistance is seen around 102.75 followed by 103.50 which need to be clearly broken to the upside to potentially end the bearish correction phase and continue the major bullish scenario.

usdjpydaily

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January 31st, 2014 @ 6:33 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF had a bullish momentum yesterday topped at 0.9047. As you can see on my hourly chart below price breaks above the EMA 200 suggests a potential bullish condition. The bias is bullish in nearest term testing 0.9100 or higher. Immediate support is seen around 0.9000. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.

usdchfhourly

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January 31st, 2014 @ 2:00 am by Mark De La Paz

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Gold
Resistance: 1249.53 moderate / 1256.54 moderate / 1261.09 moderate
Support: 1241.72 minor / 1235.54 moderate / 1231.47 moderate

Gold saw a big sell-off Thursday pushing under the daily EMA lines and dragging indicators into a confluence of bears with stochastic heading for the over areas while macd has a new bear cross. Note overall trend remains bullish with higher highs and higher lows. Recall we are in a rejection from the 38.2 fib retracement level of our sell-off from August. Intraday we have 4H stochastic crawling in oversold levels while macd has sold off. Hourly charts however suggests pullback risk with stochastic trying to cross up and macd seeing a bullish cross. For now we remain sidelined waiting for a break of 1241.72 to get the bears going.Key test will be the support at 1235.54 break of which opens the December congestion floor.

Aussy
Resistance: 0.8825 moderate / 0.8854 minor / 0.8890 moderate
Support: 0.8768 moderate / 0.8735 moderate / 0.8711 moderate

Aussy saw a rally Thursday closing around the days highs with indicators showing stochastic heading up and macd’s with a new bullish crossover. We are however well resisted at the 0.8825 region and by the daily EMA lines. Indicators however show a confluence of buys a bullish divergence in stochastic and a new bullish crossover in macd. In the lower time frames we have a bullish bias with the 4H stochastic in overbought areas while macd is heading up. Hourly charts for their part has stochastic coming off overbought levels and macd’s rising. At this point Aussy is well resisted though the bullish indicators suggests we probe the daily EMA’s. That said our preference may beto just play the crosses looking for an attempt in the topside in Aussy and a bearish Euro to see a big drop in EURAUD.

EURAUD
Resistance: 1.5408 minor / 1.5495 moderate / 1.5552 minor
Support: 1.5321 moderate / 1.5232 moderate / 1.5148 moderate

At the close we have EURAUD at around the 23.6 Fib retracement level of our rally from November and the days lows. Note overall trend remains bullish though projected lows should be around our moderate support of 1.5232. Among indicators we have daily stochastic looking to push oversold while macd’s also see a bear cross. In intradat charts we have a confluence of bears with stochastic oversold and macd’s dropping while in the hourly scale we have stochastic oscillating around oversold areas suggesting a bear trend. Hourly macd’s for their part are below zero and the signal line. Given the big sell-off consider shorting at push below the 1.5321 S1 our objective 1.5232 projected lows and previous low as well.

EURUSD
Resistance: 1.3588 minor / 1.3632 moderate / 1.3658 minor
Support: 1.3545 minor / 1.3500 psychological / 1.3466 minor

Thursday saw steady sell-off in EURUSD taking us under the daily EMA’s for what could be a resumption of the overall bearish tone closing the day just around its lows. Note we now have Euro just above the floor for January’s consolidation. Daily indicators are seeing a new confluence of bears with stochastic poised to push oversold while macd is crossing lower. From the lower time-frames we have stochastic in oversold areas for the 4H charts while macd is dropping though we need a catalyst for the next drop as momentum has faltered. Hourly charts for their part has stochastic trying to come off overbought levels while macd has a bullish crossover. For now remain sidelined waiting for a break of the 1.3545 area then a move down through S1 from pivots along with the months lows and psychological support at 1.3500/10.

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January 30th, 2014 @ 7:05 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. Price is still making lower highs and lows since Monday but overall I remain neutral.  Important intraday range to be closely watched is seen between 1.3600 – 1.3700. A clear break below 1.3600 could trigger further bearish pressure testing 1.3500 area. On the upside, a clear break above 1.3700 could trigger further bullish pressure testing 1.3750 – 1.3850.

eurusddaily

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January 30th, 2014 @ 7:01 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD 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 1.6530 – 1.6470 support area. Immediate resistance is seen around 1.6625. A clear break above that area could trigger further bullish pressure testing 1.6700 – 1.6750. Overall, as long as stays above 1.6259 I remain bullish.

gbpusddaily

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January 30th, 2014 @ 6:57 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY failed to continue its bullish momentum yesterday bottomed at 101.83. The bias is neutral in nearest term probably with a little bearish bias testing 101.70. Immediate resistance is seen around 102.75 followed by 103.50 which need to be clearly broken to the upside to potentially end the bearish correction phase and continue the major bullish scenario.

usdjpydaily

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