Forex Academy Quick Links:
Language:
English

2015 December

December 10th, 2015 @ 1:09 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.1042 as a part of the bullish flag scenario as you can see on my H1 chart below. The bias remains bullish in nearest term testing 1.1050 – 1.1100 resistance area which is a good place to sell with a tight stop loss. Immediate support is seen around 1.0980. A clear break below that area could lead price to neutral zone in nearest term testing 1.0900 region but as long as stays above the H1 EMA 200 my overall intraday bias remains bullish. My major technical outlook remains neutral.

eurusdhourly

Click here to read the full article.

December 10th, 2015 @ 12:59 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday slipped above the trend line resistance as you can see on my H1 chart below suggests a potential bullish reversal scenario. The bias is bullish in nearest term testing 1.5335 area. Immediate support is seen around 1.5150. A clear break back below that area could create a false breakout scenario testing 1.5100 or lower.

gbpusdh1

Click here to read the full article.

December 10th, 2015 @ 12:57 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had a significant bearish momentum yesterday, broke below 122.20 bottomed at 121.07. The bias is bearish in nearest term testing 120.50 – 119.50 area. Immediate resistance is seen around 122.20. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.

usdjpy4h

Click here to read the full article.

December 10th, 2015 @ 12:50 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9820. The bias remains bearish in nearest term testing the daily EMA 200 located around 0.9680 area as a part of the false breakout scenario as you can see on my daily chart below. Immediate resistance is seen around 0.9875. A clear break above that area could lead price to neutral zone in nearest term testing 0.9950 but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

usdchfdaily

Click here to read the full article.

December 9th, 2015 @ 5:10 pm by Muhammad Azeem

Click here to read the full article.

gbp-usd-4h-fxiTrend is bearish in GBP/USD currency pair in 4 hours time frame. Short term resistance is present at 1.5334 price level. Based on Elliott wave analysis, I expect a bullish break out in price action above 1.5334 price level in coming trading days. A good idea is to wait for a bullish breakout and then look for a possible buy trading chance. However; if price just keep falling down then I will stay out of the market and re-analyze the price action of GBP/USD currency pair.

Click here to read the full article.

December 9th, 2015 @ 2:00 am by William Gilday

Click here to read the full article.

Screen Shot 2015-12-09 at 07.46.19

Hello traders welcome to a new trading day. I looked at the charts today and see that there was very little price action on most of the currency pairs. Traders I have looked at the charts and I have to say I do not like what I am seeing as there is very little price action. I would think this is that in a week the FOMC will announce the interest rate and if they are going to raise it, Traders are just staying on the side. Trades my suggestion is to trade a demo account……

Plan Your Trade and Trade your Plan !

OK let us take a look at the currency pair of the day that is the GBPUSD- This is the 30 minute chart.l have looked at this chart and remains in a very nice down trend. I would like to see price action give us a nice bearish candle below the daily pivot and we can enter this trade at the price of 1.4994. I am looking for a retest of the pivot for conformation. I would like to take profit at the support zone as marked on the chart and the S1 pivot point at the price of 1.4947. This could be a nice 40 pip trade today all we need is price action.

Thank you traders and we will talk with you soon…..William

Click here to read the full article.

December 9th, 2015 @ 1:24 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD had a bullish momentum yesterday, slipped above the bullish flag as you can see on my H1 chart below. The breakout was not as strong as it should be, but the bias is bullish in nearest term retesting 1.0980 area. Immediate support is seen around 1.0850. A clear break below that area could lead price to neutral zone in nearest term testing 1.0800. My major technical outlook remains neutral but as long as stays above 1.0800 I still prefer a bullish intraday scenario at this phase.

eurusdhourly

Click here to read the full article.

December 9th, 2015 @ 1:16 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.4956 but closed higher at 1.5006. The bias remains bearish in nearest term testing 1.4900. Immediate resistance is seen around 1.5025. A clear break above that area could lead price to neutral zone in nearest term testing 1.5100 area but key resistance remains at the trend line resistance as you can see on my H1 chart below which remains a good place to sell with a tight stop loss. As long as stays below the trend line resistance I prefer a bearish scenario at this phase.

gbpusdh1

Click here to read the full article.

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Blog Archive

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory