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2015 January

January 30th, 2015 @ 1:06 pm by Mark De La Paz

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While it is not unusual for us to write about how limited the range is thus far, today seems all the more ominous given that we face advanced US GDP numbers in a few minutes. Note that fromn the charts it appears that any breakout following the release will be predisposition-ed to move lower given the over all trends though we prefer seeing a follow through to GBPUSD’s rejection from the EMA’s for new lows.

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Ahead we have Advance GDP (1330GMT) numbers where expectations call for a bit of easing in the blistering 5.0% pace last time out to a more sedate 3.3%. While such a read may be seen as disastrous for the second biggest economy China, a 3.3% clip for US GDP would still be seen as blistering pace for a developed economy. As such anything higher to me would call for us pushing the stronger dollar agenda particularly in the face of a rather optimistic Fed last Wednesday. Where the greenback managed to rally despite many expectations of a near term hike being moved back to the middle of the year.

calendar 013015

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January 30th, 2015 @ 11:32 am by Muhammad Azeem

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xau-usdTrend is bearish in 1 hour time frame. The intraday resistance could be seen at the price level of 1297.37 price level. Yesterday, the price of XAU/USD tried to rise and then fall which looks like start of a weak bearish trend. As long as the flow of market remains down, I am interested to take selling trading opportunities. If bullish candlestick closes above 1297.37 critical resistance level then down trend is going to end. Hence, I might like to quit trading XAU/USD and redo the 1 hour chart analysis.

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January 30th, 2015 @ 2:48 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Overall I remain bearish and still prefer to sell on rallies with key resistance seen between 1.1370 – 1.1430 and the hourly EMA 200 as you can see on my hourly chart below. A clear break and consistent movement above that area could trigger further bullish correction testing 1.1500 or higher. Immediate support is seen around 1.1270. A clear break below that area could trigger further bearish pressure tseting 1.1200 area.

eurusdhourly

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January 30th, 2015 @ 2:41 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.5016. The bias remains bearish in nearest term testing 1.4950. Immediate resistance is seen around  1.5120 (H1 EMA 200). A clear break above that area could lead price to neutral zone in nearest term testing 1.5200 – 1.5275 but overall I still prefer a bearish scenario at this phase with sell on rallies strategy. From a medium term outlook as you can see on my hourly chart below, price has been moving sideways between 1.4950 – 1.5275. A non-trending market situation.

gbpusdh1

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January 30th, 2015 @ 2:34 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 118.48. The bias is bullish in nearest term testing 118.85 but overall price is still moving sideways between 118.85 – 117.25 and the best trading strategy for this situation remains to sell around 118.85 or to buy around 117.25 with a tight stop loss.

usdjpyhourly

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January 30th, 2015 @ 2:29 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a strong bullish momentum yesterday broke above 0.9165 and topped at 0.9250. The bias is bullish in nearest term testing the daily EMA 200 located around 0.9350 as you can see on my daily chart below. Immediate support is seen around 0.9165. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.

usdchfdaily

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January 29th, 2015 @ 8:45 pm by Muhammad Azeem

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eur-gbpYesterday, the price of EUR/GBP tried to fall and then rise. The trend is now bearish in 1 hour time frame. The intraday resistance could be seen at the price level of 0.7581 I would be probably looking for short trades, as long as trend remains bearish. Bearish price action looks a bit weak and slow, price is heading, up. If bullish candlestick closes above 0.7581 critical resistance level then down trend is going to end. Hence, I might like to stay out of the market and re-examine the price chart.

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January 28th, 2015 @ 11:24 pm by Setyo Wibowo

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EURUSD Forecast    
The EURUSD failed to continue its bullish correction yesterday fell below 1.1300. As you can see on my hourly chart below the hourly EMA 200 and 50% – 61.8% Fibonacci retracement area (1.1650 – 1.1096)provided a good resistance, keeping the major bearish scenario remains alive and kicking. The bias is bearish in nearest term testing 1.1150 – 1.1100. Immediate resistance is seen around 1.1330. A clear break back above that area could lead price to neutral zone in nearest term testing 1.1370 or higher but overall I remain bearish and still prefer to sell on rallies.

eurusdhourly

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