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2015 March

March 31st, 2015 @ 12:52 pm by Mark De La Paz

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There’s an old  adage in the equity markets that call for “Sell on May and go away” premised on a percevied cycle of equity weakness during the period. With global equities consolidating after recent highs however there is a growing belief that the period for risk aversion may be coming. At the moment we are seeing a broadly firmer dollar  woth two exceptions the Japanese Yen which ofcourse strengthens as equities weaken, and precious metals which given how cheap they are now has once more become a realistic safe haven. We note an interesting exception with respect to historical norms for risk aversion as the Swiss Franc is actually losing ground perhaps a reflection of the reduced confidence in the SNB of the market.

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Going forward we will suggest people keep a sell on rallies attitude for EURUSD and GBPUSD as people begin to price in another NFP release with many looking for a fifth consecutive market beating read. Though this Friday’s action will not be for the faint of heart given the almost global holiday for Good Friday in the Christian world.

 

 

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March 31st, 2015 @ 8:20 am by William Gilday

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Screen Shot 2015-03-31 at 15.08.45

Hello traders good to be back with today. We are looking at the AUDUSD on the 60 minute chart and as you can see it looks like we missed the move as it started over 2 hours before the London open. So as usual I am asked now what to we do and the simple answer is to look for a way to get in this trade logically. So I am now watching this just over one hour into the London session and we get a green candle which allows me to place a Fibonacci tool on the chart and from there we can look at a possible entry zone. I am looking for a pullback from the current price to our entry zone which is between the 23.6 to the 76.8 levels. Any retrace back into that area allows us to look for a bearish candle formation and we can short this pair as it is bearish and has been for some time. This is all shown on the chart attached. We are looking to take profit at the 0.7600 price level as it is a psychological level and if you look left of the chart you will see previous support, great time to get out… Thanks and Talk Soon…. William

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March 31st, 2015 @ 1:42 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a moderate bearish momentum yesterday bottomed at 1.0808 after broke below 1.0850. The bias is bearish in nearest term testing 1.0800 – 1.0750. Immediate resistance is seen around 1.0850. A clear break above that area could lead price to neutral zone in nearest term testing 1.0900 or higher but key resistance remains around the H4 EMA 200 and 1.1040 as you can see on my H4 chart below.

eurusdh4

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March 31st, 2015 @ 1:35 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.4751 but closed higher at 1.4808. The bias is neutral in nearest term, probably with a little bearish bias testing 1.4700 support area. Immediate resistance is seen around 1.4825. A clear break above that area could trigger further bullish pressure testing 1.4900 area.

gbpusdh1

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March 31st, 2015 @ 1:31 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 120.21 and hit 120.32 earlier today. The bias is bullish in nearest term testing 121.00 area. Immediate support is seen around 119.90. A clear break below that area could lead price to neutral zone in nearest term testing 119.50 or lower.

usdjpy4h

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March 31st, 2015 @ 1:28 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a moderate bullish momentum yesterday and now testing 0.9700 resistance area. The bias is bullish in nearest term especially if price able to make a clear break above 0.9700 testing 0.9750 – 0.9800 area. Immediate support is seen around 0.9650. A clear break below that area could lead price to neutral zone in nearest term testing 0.9600 – 0.9550 region.

usdchfhourly

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March 30th, 2015 @ 7:34 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 bullish in 1 hour time frame. The intraday support could be seen at the price level of 0.7226 I would be probably looking for long trades, as long as trend remains bullish. Bearish price action looks a bit strong and fast, price is heading, down. If bearish candlestick closes below 0.7226 critical support level then up 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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March 30th, 2015 @ 6:55 am by William Gilday

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Screen Shot 2015-03-30 at 13.46.20

Hello traders good to be back with you on this Monday March 30th. Today I am looking at the EURAUD pair and there is a lot going on with this pair let us talk about the daily chart, If you look at that chart you will see that it has taken out previous highs and looks possible we are heading for a change of trend. The next couple of days we will need to confirm this and watch price action. Ok this chart we are looking at is a 60 minute chart and you can see we have been in a range for some time and is knocking at the 1.4100 price level and I would look at this as resistance and a possible reversal point at the London open. I have placed a trend line on the chart and looking for that break to the downside as my bias is still bearish. We have two take profit zones one at the 1,4000 psychological level and then below that being at the next support at 1.3960 price level. When this pair shorts this is a nice trade as there is little junk left of the chart that we have to fight. Talk Soon…… William.

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