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2015 July

July 31st, 2015 @ 5:21 am by Muhammad Azeem

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usd-jpyTrend is bullish in USD/JPY currency pair in 4 hours time frame. Support is present at 122.92 price level. I expect price to drop to complete bearish Wave C. Based on Elliott wave pattern, market is probably going to remain sideways for the time being. Next, expect a new high in price. If bearish candlestick closes below 122.92 critical support level then up trend is going to end. In this case, I would prefer to stay out of the market and re-analyze the price action.

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July 31st, 2015 @ 3:55 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday bottomed at 1.0892 but traded higher earlier today hit 1.0946. The bias remains bearish in nearest term retesting 1.0892. A clear break below that area could trigger further bearish pressure testing 1.0820 key support. Immediate resistance is seen around 1.0950. A clear break above that area could lead price to neutral zone in nearest term testing 1.1000 area. Potential daily range today is seen between 1.0890 – 1.1000. My major technical outlook remains neutral.

eurusdhourly

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July 31st, 2015 @ 3:51 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term probably with a little bullish bias testing 1.5675 area. Immediate support is seen around 1.5540. A clear break below that area could trigger further bearish pressure testing 1.5500 or lower. Potential daily range today remains between 1.5540 – 1.5675. My major technical outlook remains neutral.

gbpusdh1

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July 31st, 2015 @ 3:46 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher yesterday slipped above 124.50 but closed lower at 124.12 and hit 123.91 earlier today. The bias is bearish in nearest term testing 123.00. Immediate resistance is seen around 124.25. A clear break above that area could lead price to neutral zone in nearest term retesting 124.50. Potential daily range today remains between 123.00 – 124.50. My major technical outlook remains neutral.

usdjpy4h

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July 31st, 2015 @ 3:35 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 0.9600. Immediate resistance is seen around 0.9720. A clear break above that area could trigger further bullish pressure testing 0.9750 – 0.9800 region. Potential daily range today is seen between 0.9600 – 0.9720.

usdchfh4

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July 31st, 2015 @ 2:34 am by William Gilday

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Screen Shot 2015-07-31 at 08.26.52

Hello traders welcome back to a new trading day being a Friday. I have looked at the charts and most are doing what price action we are looking for. We have very light data today and remember it is Friday so watch for traders to take profits. I recommend not to keep trades over the weekend as we have CNY data be released. So let us take a look at our currency pair for today witch is the NUZUSD- This is the 30 minute chart. Traders this pair is on the daily chart is being rejected off of a small resistance level so I am looking for this pair to continue the bearish trend. The trade plan for today isa Fibonacci pullback to the 50% price level and there I will look for a bearish candle and look to enter at 0.6615. I am looking to take profit at previous support at price level 0.6571. Yesterday the trade worked well and hit our take profit as the entry was little hard to catch. Traders have a great weekend break… Talk Soon …William

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July 30th, 2015 @ 9:49 am by William Gilday

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Screen Shot 2015-07-30 at 09.34.34

Hello traders welcome back to a new trading day. Traders today we are looking at an interesting day as It looks like some of the currency are back in line we can see the reaction from the FOMC and we had AUS data today in Asia. The key for today is the entry as some of the trade plans are 30 pips and we do not want to trade anything that the profit is less than 30 pips. OK let us look at today’s currency the EURJPY- This is another 30 Minute chart. Well today we have the daily chart is still bearish. Today the chart is showing it had a good sell off so we are approaching resistance at the daily pivot with the 200 ema at the same price level. I am looking to enter this at price level 136.33 with a bearish candle formation with conformation. I am then looking to take profit at 135.76 witch is the S1 pivot zone. Thank you traders and talk soon……. William

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July 30th, 2015 @ 6:09 am by Muhammad Azeem

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eur-usdTrend is bearish in EUR/USD currency pair in four hours time frame. Vital resistance could be seen at 1.1128 price level. Currently; price of Euro is going down. Based on Elliott wave analysis, current price action is most probably going to hit 1.0795 area and may be a bit lower than that. However; if price is going to break above 1.1128 key resistance level then I would prefer to stay out of the market and re-analyze the price action.

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