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2015 April

April 30th, 2015 @ 5:53 pm by Muhammad Azeem

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eur-audThe EUR/AUD currency pair has changed the bearish movement into an up trend in one hour time frame and now it is a bullish trend. Short term support is present at 1.3675 price level. Since yesterday, the EUR/AUD currency pair is moving up and this looks like a strong bullish leg. As long as price movement looks bullish, I would be probably looking for buy trades. If bearish candlestick closes below 1.3675 critical support level then up trend is going to end. In such situation, I would avoid trading and just keep re-analyzing the price movement.

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April 30th, 2015 @ 5:04 am by William Gilday

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Screen Shot 2015-04-30 at 08.40.40

Hello traders great to be back with you today as we look at the GBPUSD 60 minute chart. I picked this chart as of last week I have changed my bias to a bullish currency pair from looking and doing an analysis on the daily chart.Ok traders the plan for today is we are now bullish with this pair. We have placed the Fibonacci tool on the chart and this trade plan is a basic set up. We are waiting for a pullback to the 61.8 and a bullish candle formation for the possible entry at price level at 1.5391. We are looking to take profit at the 161.8 take profit zone at 1.5659 price level. Again traders simple trade plan we see all the time. I am now have a bullish bias for this pair as bullish.As we have seen this kind of trade plan many times each week and continue to use this set up why well because it works. Remember when you determine your bias just stay with that direction until you see a change of trend on a higher time frame. Thank You Traders And Talk Soon……. William

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April 29th, 2015 @ 10:58 pm by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.1186. The bias remains bullish in nearest term testing 1.1280 area. Immediate support is seen around 1.1040. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and should be seen as a good opportunity to buy.

eurusdhourly

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April 29th, 2015 @ 10:56 pm by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.5497. The bias remains bullish in nearest term testing 1.5550. Immediate support is seen around 1.5350. A clear break below that area could lead price to neutral zone in nearest term testing 1.5280 but any downside pullback now is normal and should be seen as a good opportunity to buy.

gbpusdh1

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April 29th, 2015 @ 10:54 pm by Setyo Wibowo

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USDJPY Forecast
The USDJPY was volatile but indecisive yesterday. The bias remains neutral in nearest term. Potential daily range is seen between 119.50 – 118.50. Overall price is still moving sideways without clear direction. Selling around 119.50 or buying around 118.50 with a tight stop loss seems to be the best trading strategy for now. My major technical outlook remains neutral.

usdjpy4h

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April 29th, 2015 @ 10:51 pm by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a strong bearish momentum yesterday, broke below 0.9490 key support, bottomed at 0.9339. The bias is bearish in nearest term testing 0.9250. Immediate resistance is seen around 0.9440. A clear break above that area could lead price to neutral zone in nearest term testing 0.9490 but any upside pullback now should be seen as a good opportunity to sell.

usdchfhourly

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April 29th, 2015 @ 1:11 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.0990. The bias remains bullish in nearest term testing 1.1040 key resistance. Immediate support is seen around 1.0925. A clear break below that area could lead price to neutral zone in nearest term but as long as stays inside the bullish channel price is still in a bullish correction phase. On the upside, a clear break above 1.1040 could be an early signal of a major bullish reversal scenario.

eurusdhourly

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April 29th, 2015 @ 1:07 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.5341. The bias remains bullish in nearest term testing 1.5400 – 1.5450. Immediate support is seen around 1.5280. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and should be seen as a good opportunity to buy.

gbpusdh1

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