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2016 March

March 31st, 2016 @ 2:59 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.1365. The bias remains bullish in nearest term especially if price able to make a clear break above 1.1375 testing 1.1450 – 1.1500 region which is a good place to sell. Immediate support is seen around 1.1280. A clear break below that area could lead price to neutral zone in nearest term testing 1.1200 area. My major technical outlook remains neutral.

eurusdh4

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March 31st, 2016 @ 2:55 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.4459 but whipsawed to the downside and hit 1.4347 earlier today. As you can see on my H1 chart below, this fact could produce another false breakout (above 1.4400) bearish scenario. The bias is bearish in nearest term testing 1.4280 – 1.4200 region. My major technical outlook remains neutral and I think 1.4400 – 1.4500 region is a good place to sell with a tight stop loss above 1.4500.

gbpusdh1

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March 31st, 2016 @ 2:51 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains bearish in nearest term testing 111.50 region. Immediate resistance is seen around 112.80. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 area but key resistance remains around 114.50 which is still a good place to sell. Overall price is still trapped inside a range area as you can see on my daily chart below.

usdjpydaily

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March 31st, 2016 @ 2:42 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday formed a Doji/pin bar formation as you can see on my daily chart below. Overall I remain bearish but seeing a Pin bar or Doji near a support level should be a warning for us that bearish pressure may have exhausted here, at least for now, and need a clear break below 0.9570 to continue the bearish scenario. The bias is bullish in nearest term testing 0.9775 area.

usdchfdaily

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March 30th, 2016 @ 3:08 am by William Gilday

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Screen Shot 2016-03-30 at 07.38.21

Hello traders welcome to a new trading day. I have to say we have seen some big price action yesterday after Fed President Yellen talked late in the U.S. Session and the markets did not like what she said after look at all the charts today. We have some counter trend trades so please be alert to that……….

OK traders let us look at the trade plan for the NUZUSD- This is the 30 Minute chart. I am looking at price now at resistance and looks to be getting rejected and my bias is to short this pair. I would like to enter this trade at the price of 0.6878. I am looking to take profit at the daily pivot point at the price of 0.6808

Thank you traders and talk soon…….William

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March 30th, 2016 @ 3:00 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.1303. As you can see on my H1 chart below, price slipped above the trend line resistance. The bias remains bullish in nearest term testing 1.1350 – 1.1400 area especially if price able to move consistently above the trend line resistance and 1.1300 level. Immediate support is seen around 1.1250. A clear break back below that area could create another false breakout bearish scenario testing 1.1200 – 1.1170 region or lower. My major technical outlook remains neutral.

eurusdhourly

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March 30th, 2016 @ 2:55 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.4404. The bias remains bullish in nearest term especially if price able to make a clear break and consistent movement above 1.4400 testing 1.4500 region. Immediate support is seen around 1.4325. A clear break below that area could lead price to neutral zone in nearest term testing 1.1.4250 area. My major technical outlook remains neutral and I think 1.4400 – 1.4500 region is a good place to sell with a tight stop loss above 1.4500.

gbpusdh1

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March 30th, 2016 @ 2:42 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday and hit 112.39 earlier today. The bias is bearish in nearest term testing 112.00 – 111.75 area. Immediate resistance is seen around 113.00. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 – 114.00 but key resistance remains around 114.50. Overall price is still trapped inside a range area between 114.50 – 110.96 as you can see on my daily chart below and the best plan is to sell around 114.50 or buy aroun 110.96 with a tight stop loss.

usdjpydaily

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