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2014 February

February 28th, 2014 @ 4:11 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD attempted to push lower yesterday bottomed at 1.3642 but closed higher at 1.3709. The bias is neutral in nearest term probably with a little bullish bias testing 1.3750 but key resistance remains around 1.3850. Immediate support is seen around 1.3680. A clear break below that area could trigger further bearish pressure testing 1.3640 or lower. The ascending triangle bullish scenario remains valid but need a clear break above the triangle to give further confirmation to the bullish scenario testing 1.4000.

eurusddaily

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February 28th, 2014 @ 4:07 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. Important intraday range to be closely watched is seen between 1.6730 – 1.6580. A clear break and daily close above 1.6730 could trigger further bullish pressure testing 1.6800 or higher. On the other hand, a clear break and daily close below 1.6580 would be a threat to the major bullish scenario. Overall I still prefer a bullish scenario.

gbpusddaily

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February 28th, 2014 @ 4:04 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 102.80 – 101.60. A clear break above 102.80 – 103.00 could potentially end the bearish correction phase. On the downside, a clear break below 101.60 could trigger further bearish pressure testing the trend line support and 100.80 area.

usdjpydaily

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February 28th, 2014 @ 3:59 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.8871. The bias is neutral in nearest term probably with a little bearish bias testing 0.8845 key intraday support. A clear break below that area could trigger further bearish pressure testing 0.8800 or lower.  Immediate resistance is seen around 0.8890 followed by 0.8930.

usdchfhourly

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February 27th, 2014 @ 6:55 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD had a bearish momentum yesterday bottomed at 1.3661. The bias is bearish in nearest term testing 1.3625 – 1.3600. Immediate resistance is seen around 1.3715. A clear break above that area could lead price to neutral zone in nearest term testing 1.3770. The ascending triangle bullish scenario remains valid but need a clear break above the triangle to give further confirmation to the bullish scenario testing 1.4000.

eurusddaily

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February 27th, 2014 @ 6:51 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.6730 – 1.6580. A clear break and daily close above 1.6730 could trigger further bullish pressure testing 1.6800 or higher. On the other hand, a clear break and daily close below 1.6580 would be a threat to the major bullish scenario. Overall I still prefer a bullish scenario.

gbpusddaily

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February 27th, 2014 @ 6:48 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. Important intraday range to be closely watched is seen between 102.80 – 101.60. A clear break above 102.80 – 103.00 could potentially end the bearish correction phase. On the downside, a clear break below 101.60 could trigger further bearish pressure testing the trend line support and 100.80 area.

usdjpydaily

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February 27th, 2014 @ 6:39 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF had a bullish momentum yesterday topped at 0.8930. The bias is bullish in nearest term testing 0.8950 – 0.9000. Immediate support is seen around 0.8890. A clear break below that area could lead price to neutral zone in nearest term testing 0.8845 key support.

usdchfhourly

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