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2015 September

September 30th, 2015 @ 11:58 pm by Muhammad Azeem

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usd-cad-fxiTrend is bullish in daily time frame of USD/CAD Currency pair. Strong key Support is present at 1.3012 price level.  Based on Elliott wave count, I do expect a bearish pull back. So as long as price stays above 1.3012 support level, we could look for a possible buy trade setup. However, if price breaks below 1.3012 support level then I am going to redo the analysis in USD/CAD daily chart.

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September 30th, 2015 @ 3:56 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term probably with a little bearish bias testing 1.1130 support area. On the upside, key intraday resistance to be closely watched is seen around 1.1300 which located around the upper line of the triangle formation as you can see on my H4 chart below. A clear break above that area could trigger further bullish pressure testing 1.1370 area or higher. My major technical outlook remains neutral. Price is still moving inside a bullish (corrective) channel  and the lower line of the bullish channel located around 1.1000 – 1.0950 region should provide a good place to buy with a tight stop loss. Potential daily range today is seen between 1.1130 – 1.1300.

eurusdh4

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September 30th, 2015 @ 3:50 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains neutral in nearest term probably with a little bearish bias testing 1.5090 area. Immediate resistance remains around 1.5235. A clear break above that area could trigger further bullish pressure testing 1.5300 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. Potential daily range today remains between 1.5090 – 1.5300.

gbpusdh4

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September 30th, 2015 @ 3:39 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 119.05. A clear break below that area could trigger further bearish pressure testing 118.50 key support. Immediate resistance is seen around 120.15. A clear break above that area could trigger further bullish pressure testing 120.65 area but key resistance remains around 121.30. The best plan for me remains to sell around 121.30 or buy around 118.50 with a tight stop loss.

usdjpyhourly

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September 30th, 2015 @ 3:11 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains bearish in nearest term testing 0.9665 area. Immediate resistance is seen around 0.9720. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9820 area, which remains a good place to sell. Potential daily range today remains between 0.9665 – 0.9820. My overall technical outlook remains neutral.

usdchfh4

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September 30th, 2015 @ 2:29 am by William Gilday

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Screen Shot 2015-09-30 at 07.16.05

Hello traders welcome back to a new trading day. So yesterday not bad markets we can see some of the markets have recovered a small bit. Traders this is a challenging rest of this week as we have a lot of data today and NFP on Friday. I looked at all the charts and we hd some off track price action and some pairs worked great. Please be alert on your trades today as there are pips to be made, watch your fundamentals today very close. OK this pair we are looking at today is a commodity pair and we have to be alert to data when trading this so let us take a look at
AUDUSD- This is the 30 Minute chart. I am seeing that we are back are in the pullback phase as we approach resistance at price of 0.7020 where I would like to short this pair as I remain bearish and the current candle is above the 200 ema, So look to short at 0.7020 price zone. I will be looking to take profit at the daily pivot pint at price of 0.6981. We have data in Asia session today be alert to that no trade till after release.

Thank you traders and talk soon….William

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September 29th, 2015 @ 8:26 pm by Muhammad Azeem

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fxiTrend is down in four hours time frame of EUR/USD currency pair. Strong key resistance is present at 1.1712 price level. Since  yesterday, price is moving sideways. Based on Elliott wave analysis, I expect price to rise up towards 1.1600 price level to complete just a bullish pull back. However; if bullish candlestick closes above 1.1712 resistance level then bearish Elliott wave forecast is going to fail. In such case, I will stay out of the market and re analyze the price action of EUR/USD currency pair.

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September 29th, 2015 @ 3:42 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday and hit 1.1262 earlier today. The bias is bullish in nearest term testing 1.1300 area. Immediate support is seen around 1.1200. A clear break below that area could lead price to neutral zone in nearest term testing 1.1130 area. As you can see on my H4 chart below price is still moving inside a triangle formation suggests a consolidation phase. My major technical outlook remains neutral and I still prefer to stand aside for now. Price also still moving inside a bullish corrective channel and the lower line of the bullish channel remains a good place to buy with a tight stop loss below the channel. Potential daily range today is seen between 1.1130 – 1.1300.

eurusdh4

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