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2015 November

November 30th, 2015 @ 2:08 pm by Muhammad Azeem

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eur-usd-4-HTrend is down in EUR/USD currency pair, 4 hours time frame. As I have suggested past week during my daily Live trading room session, market is printing a Elliott wave ending diagonal pattern. So, all those Forex traders who have followed the analysis and took a sell trade have made the right decision as the price has moved down. Strong key resistance level is present at 1.0897 price level.

Be sure to check out daily Forex market updates via Live Trading Room.  http://www.fxinstructor.com/en/rooms/ltr

In my judgment, market is now in the process to complete a possible bottoming pattern and price is most likely going to break out of converging diagonal pattern in next coming trading days.

Current price action offers a possible buy trading chance to join an upcoming bullish leg. However; if price of EUR/USD currency pair just keep falling down then I might like to stay out of the market and re-examine the price chart of EUR/USD currency pair.

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November 30th, 2015 @ 2:12 am by William Gilday

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Screen Shot 2015-11-30 at 07.46.47

Hello traders welcome to a new trading week as we prepare for another exciting week ahead. I have looked at all the charts and we have some really nice trade set ups for today, most of the trade plans are just waiting for price to come to us. We have no high impact data today so be alert to that looks like a technical trading day.

Plan Your Trade and Trade your Plan !

OK traders let us look at the first pair of the week that is the EURUSD- This is the 30 minute chart.This is the 30 minute chart.l have say we are just going to continue the trend. I am seeing that we had minimal price action yesterday. So I am looking for a close below the daily pivot point and a retest as that will then be resistance and sell at the price of 1.0596. I am looking to take profit at the S1 pivot at the price of 1.0566.

Thank you traders and talk soon ……William

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November 30th, 2015 @ 1:50 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive last week but overall still able to maintain its bearish bias, still moving below the trend line resistance and the H1 EMA 200 as you can see on my H1 chart below. The bias is neutral in nearest term. Immediate support is seen around 1.0565, a potential double bottom formation. A clear break below that area could trigger further bearish pressure testing 1.0500 area. Immediate resistance is seen around 1.0605. A clear break above that area could trigger further bullish pressure testing the trend line resistance and 1.0650 – 1.0700 region which remains a good place to sell with a tight stop loss above the trend line targeting 1.0500 area. Overall I remain bearish.

eurusdhourly

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November 30th, 2015 @ 1:43 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD regained its bearish momentum last week, broke below the minor bullish channel as you can see on my H1 chart below suggests a bearish outlook. The bias is bearish in nearest term testing 1.5000 psychological support. A clear break and daily close below that area could trigger further bearish scenario testing 1.4850 region. Immediate resistance is seen around 1.5070. A clear break above that area could lead price to neutral zone in nearest term testing 1.5130 area. I prefer a bearish scenario at this phase.

gbpusdh1

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November 30th, 2015 @ 1:40 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive last week formed a Doji on weekly chart. As you can see on my H4 chart below price is still moving inside a range area between 123.60 – 122.20. The bias is neutral in nearest term. I prefer a bearish scenario at this phase but need a clear break below 122.20 to confirm the bearish scenario testing 121.50 or lower. On the upside, 123.60 remains a key resistance. A clear break above that area could trigger further bullish pressure testing 124.00/50 region.

usdjpy4h

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November 30th, 2015 @ 1:29 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bullish momentum last week, broke above 1.0240 key resistance as you can see on my daily chart below, topped at 1.0328. The bias is bullish in nearest term testing 1.0400 – 1.0450 area. Immediate support is seen around 1.0280. A clear break below that area could lead price to neutral zone in nearest term testing 1.0240/20 which is a good place to buy with a tight stop loss, because a clear break and daily close back below 1.0240 could create a potential false breakout bearish scenario.

usdchfdaily

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November 29th, 2015 @ 3:12 pm by The Geek

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Full Release at
TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders.

In the previous EUR/USD forecast we noted that the currency pair was bearish for the week. It remained capped by the lower bollinger band as expected. The bollinger bands were widening and this suggested that the momentum was gaining. Bearish targets remained at 1.06 / 1.05 and 1.045.

Fundamental developments also indicated possible US dollar strength.

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Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair continued to be bearish for the week as expected. It achieved the bearish target of 1.06.

Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full technical analysis and the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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November 27th, 2015 @ 3:00 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term.  Immediate resistance remains around 1.0640. A clear break above that area could trigger further bullish pressure testing the trend line resistance and 1.0700 region which remains a good place to sell targeting 1.0500 with a tight stop loss above the trend line resistance as you can see on my H1 chart below. On the upside, a clear break and daily/weekly close above the trend line resistance and 1.0700 could trigger further bullish correction testing 1.0800 key resistance next week. Overall I remain bearish.

eurusdhourly

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