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2015 October

October 30th, 2015 @ 3:14 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was corrected higher yesterday and hit 1.0996 earlier today. The bias is bullish in nearest term testing 1.1000 area but overall I still prefer a bearish scenario at this phase and 1.1000 – 1.1100 region is a good place to sell with a stop loss above 1.1100 targeting 1.0800. A 1:2 risk/reward ratio plan. Immediate support is seen around 1.0940. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario after broke below the bullish channel remains strong.

eurusdh4

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October 30th, 2015 @ 3:07 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was corrected higher yesterday and hit 1.5334 earlier today. The bias is bullish in nearest term but overall I still prefer a bearish scenario at this phase and now is a good time and place to sell with a tight stop loss above 1.5360 with nearest target seen around 1.5200 area. Immediate support is seen around 1.5280. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario after broke below the trend line support remains strong testing 1.5200 area. My major technical outlook remains neutral.

gbpusdh4

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October 30th, 2015 @ 2:39 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 121.30 which remains a good level to sell with a tight stop loss. Immediate support is seen around 120.50. A clear break below that area could trigger further bearish pressure testing 120.00 area.Fundamental focus today will be on the BOJ press conference

usdjpy4h

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October 30th, 2015 @ 2:38 am by William Gilday

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Screen Shot 2015-10-30 at 08.16.45

Hello traders welcome to a new trading day and the the last day of the month. Traders it looks like we have had a correction yesterday and I feel we should continue the trend on most of the pairs. Please be alert to data today as we have a busy trading day. Traders enjoy your weekend break…….William

OK traders let us take a look at the NUZUSD- This is the 30 Minute chart. I see that we need a to break below the 200 ema as my bias is bearish on this pair. I would like to see a bearish candle formation and enter a sell trade at the price of 0.6712. I am looking to take profit at the S1 pivot and support as marked on the chart at the price of o.6656.

Thank you traders talk soon…..

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October 30th, 2015 @ 2:04 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was corrected lower yesterday and hit 0.9880 earlier today. The bias is bearish in nearest term testing 0.9820 area but I believe this is just a normal correction. Overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy targeting 1.0000 – 1.0050 area with a tight stop loss below 0.9820. Immediate resistance is seen around 0.9925. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario remains strong.

usdchfh4

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October 29th, 2015 @ 10:44 am by Muhammad Azeem

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aud-usd-dTrend is bearish in daily time frame of AUD/USD currency pair. Important resistance is present at 0.7380 price level. Since last week, price is falling down and based on Elliott wave analysis market is now going to drop towards 0.6800 price level in daily time frame. So, as long as the price stays below 0.7380 resistance area, we may consider sell trades. However; a bullish break out in price action above 0.7380 resistance level is going to in-validate bearish market outlook and in such case I will stay out of the market and reanalyze the price action of AUD/USD currency pair.

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October 29th, 2015 @ 2:19 am by William Gilday

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Screen Shot 2015-10-29 at 08.08.17

Hello traders welcome to a new trading day. Well we had the FOMC and a big sell off on many pairs the market must of like what they had to say as we see dollar strength across the board. I am not sure how the markets will react today so be alert to data and stick with your trade plan.

OK let us take a look at the trade plan today for the EURAUD- This is the 30 minute chart chart. Today we have a couple of options for our entry as we are looking to sell this pair today. I would like to see the pullback to the daily pivot at price 1.5399 and enter the sell. The second option is wait for a close below the 200 ema and a retest and a bearish candle and enter at price of 1.5317. I am looking to take profit at the support zone as marked on the chart at 1.5210.

Thank you traders and we will talk soon…William

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October 29th, 2015 @ 2:10 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday on broad US Dollar strength after the FOMC, broke below the bullish channel as you can see on my H4 chart below. The bias is bearish in nearest term testing 1.0800. Immediate resistance is seen around 1.1000. A clear break above that area could lead price to neutral zone in nearest term but overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

eurusdh4

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