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2014 November

November 28th, 2014 @ 9:13 am by William Gilday

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Screen Shot 2014-11-28 at 16.03.09

Hello traders good day as today we are looking at the NZDUSD for a possible short opportunity. What I am looking at is we break this trend line for a potential short to the take profit level that was past support at 0.7783. The reason I picked the trend line was at this time we are only 1 hour into London open and we have support where we stand now, we all now this pair is very bearish on the daily chart. So let us clear all that mess and look for an entry around the price level of 0.7820 and this would be a nice 40 pip trade to end our week.The stop is placed above the 200 ema at 0.7868 past resistance. Thanks traders and Talk Soon William….

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November 28th, 2014 @ 7:15 am by Mark De La Paz

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Thursday finally saw the Euro ease with a rejection from the 21D EMA line and another lower low off the previous days peak. With the engulfing close in the daily charts we are now looking for follow through weakness in EURUSD with the keyprice target at 1.2358, our swing low from earlier in November. Ahead we are looking at what is likely to be alight data day with the US feeling the holiday spirit with no releases while in Europe we have merely flash estimates, albeit of an important number CPI, the consensus forecast calling for an 0.3% read in the headline and 0.7% read for its core. For the markets a weak read in Europe inflation metrics will be just the thing we need to actually get some push down going for EURUSD.

1EURUSDDaily

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November 28th, 2014 @ 1:19 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD failed to continue its bullish correction yesterday and hit 1.2448 earlier today. Once again, the upper line of the bearish channel proven to be a strong/valid resistance which keeps the bearish scenario remains intact targeting 1.2300 – 1.2285 area. The bias is neutral in nearest term, probably with a little bearish bias retesting 1.2356. Immediate resistance is seen around 1.2485 and the upper line of the bearish channel. As long as stays inside the bearish channel I remain bearish.

eurusdhourly

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November 28th, 2014 @ 1:14 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD failed to continue its bullish correction yesterday and hit 1.5703 earlier today. The bias is bearish in nearest term testing 1.5650 – 1.5590. Immediate resistance is seen around 1.5750. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish correction scenario remains intact, challenging 1.5870 key resistance area.

gbpusdh1

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November 28th, 2014 @ 1:11 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had another indecisive movement yesterday but traded higher earlier today hit 118.26. The bias is bullish in nearest term testing 118.96. Immediate support is seen around 117.65. A clear break below that area could lead price to neutral zone in nearest term testing 117.00. Overall I still prefer a bullish scenario at this phase.

usdjpyhourly

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November 28th, 2014 @ 1:03 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF failed to continue its bearish correction yesterday and hit 0.9654 earlier today. The bias is bullish in nearest term testing 0.9685. A clear break and daily/weekly close above that area could trigger further bullish scenario testing 0.9750 – 0.9837 or higher. Immediate support is seen around 0.9620 – 0.9595 area. A clear break below that area could be a threat to the bullish scenario.

usdchfhourly

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November 27th, 2014 @ 3:16 pm by Muhammad Azeem

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gbp-jpySince yesterday, the GBP/JPY currency pair price has tried to drop and then rise in 1 hour chart which seems like price is trying to print a top in an up trend. Hourly support is available at 183.94 price level. I would be probably looking for buy trades, as long as price prints; higher highs and higher lows. If bearish candlestick closes below 183.94 critical support level then bullish trend is going to end. Henceforth, I may jump at the chance to stay out of the market and re-inspect the price action.

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November 27th, 2014 @ 2:21 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD continued its bullish correction yesterday, slipped above the upper line of the bearish channel and 1.2525 resistance area but still unable to move consistently above those key resistances so far. The bias remains bullish in nearest term. As long as stays inside the bearish channel and below 1.2525 the major bearish scenario targeting 1.2300 – 1.2285 remains valid but a clear break above 1.2525 and violation to the bearish channel not only would be a threat to the bearish scenario but also could be an early signal of a bullish reversal scenario. Immediate support is seen around 1.2440. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario remains strong.

eurusdhourly

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