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2014 September

September 30th, 2014 @ 2:43 pm by Mark De La Paz

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Figures released over the past hour helped to see a dollar pullback after the open of Europe again so the Greenback on a tear. We had S&P Case Shiller HPI coming short year-on-year at 6.7% against a 7.5% consensus and the Chicago Area PMI also short at 60.50 vs. the 61.9 median forecast though expectations already called for a retreat in the numbers. The big failure however was in Consumer Confidence where we dropped to86 from 92.40 and against a 92.5 consensus.

calendar 93014

 

Market was already seeing a pullback prior to the US releases with the US numbers serving as a convenient excuse to push things further. That said people appear to be looking at the broader picture where expectations are high that the Fed this October will be signalling a clearer path towards rate tightening as they write a finish to the QE taper.

MetaTrader - FX Clearing 930

Thus we are looking for these intraday moves as an opportune time to allow dollar bulls to reenter. For now Euro to us remains the most vulnerable of the pair given the ECB meeting Thursday and the desire of super Mario to add another Trillion Euros to the balance sheet which would represent about 6.25% of the Eurozone economy, translating to a potential crash to the 1.2000 area.

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September 30th, 2014 @ 10:48 am by Muhammad Azeem

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nzd-usd

Since yesterday, the pair is moving towards old price swing low and the trend is still bearish in 1 hour chart. Intraday resistance is present at 0.7956 price level. I am interested in sell trading opportunities, as long as the flow of the market remains down. If bullish candlestick closes above 0.7956 critical resistance level then bearish trend is going to end. In this case, I would prefer to stop trading the NZD/USD currency pair and re-look at the one hour time frame.

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September 30th, 2014 @ 4:13 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.2650 – 1.2575. Immediate resistance is seen around 1.2715. A clear break above that area could lead price to neutral zone in nearest term testing 1.2775 but any upside pullback now should be seen as a normal corrective movement and overall I remain bearish.

eurusdhourly

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September 30th, 2014 @ 4:08 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias but overall I remain bearish with nearest target seen around 1.6150. Immediate resistance is seen around 1.6300. A clear break and daily close above that area would interrupt the bearish scenario testing 1.6400 – 1.6450 resistance area.

gbpusdh1

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September 30th, 2014 @ 4:04 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY attempted to push higher yesterday topped at 109.73 but closed lower and hit 109.23 earlier today. The bias is neutral in nearest term probably with a little bearish bias testing 108.80 but overall I remain bullish with nearest target seen around 110.25/65.

usdjpydaily

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September 30th, 2014 @ 3:58 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 0.9450 support area. Overall I remain bullish but need a clear break and daily close above 0.9530 to continue the bullish scenario testing 0.9625 and the trend line resistance as you can see on my daily chart below.

usdchfdaily

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September 30th, 2014 @ 2:06 am by William Gilday

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Screen Shot 2014-09-30 at 8.49.00

Hi traders thought I would give you something new so we look at the EURNZD chart today and the plan of the day.As you can see this is bullish so we are just waiting for a nice Fibonacci pullback to the 50% area and buy this pair. Our take profit is the 161.8 and we always take our profit just before that so I am looking at 1.6682 price level. The stop loss is just below the 200 ema as that is support at 1.6016 in that area you do not have to be exact on that. Thanks Traders talk soon… William

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September 29th, 2014 @ 8:48 am by Muhammad Azeem

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usd-cadUSD/CAD currency pair, 1 hour time frame. Trend is bullish in 1 hour chart. Short term support could be seen at 1.1051 price level. The upside moment looks weak and the chance are price is going to print a top and then drop in USD/CAD currency pair. Currently; I am just waiting outside of the market for the Loonie to drop. The current decline in USD/CAD is not enough to go short and patience is required at this time.

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