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2016 August

August 12th, 2016 @ 1:12 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 0.9800. A clear break and daily/weekly close above that area would expose 0.9900 – 0.9950 region next week. Immediate support is seen around 0.9700. A clear break and daily/weekly close below that area could trigger further bearish pressure testing the trend line support and 0.9600 next week. My major technical outlook remains neutral.

usdchfdaily

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August 11th, 2016 @ 4:34 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.1190. The bias is bullish in nearest term testing the trend line resistance and 1.1250 – 1.1300 region which is a good place to sell. Immediate support is seen around 1.1125. A clear break below that area could lead price to neutral zone in nearest term testing 1.1070 region. On the upside, a clear break and daily close above the trend line resistance and 1.1300 would activate my wait and see mode.

eurusddaily

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August 11th, 2016 @ 4:26 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3093 but closed lower at 1.3006. The bias is neutral in nearest term probably with a little bearish bias testing 1.2950/00 area. Immediate resistance is seen around 1.3100. A clear break and daily close above that area could trigger further bullish pressure testing 1.3200 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

gbpusdh4

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August 11th, 2016 @ 4:01 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 100.96. The bias remains bearish in nearest term testing 100.00. Immediate resistance is seen around 101.50. A clear break above that area could lead price to neutral zone in nearest term testing 102.00 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

usdjpyhourly

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August 11th, 2016 @ 3:42 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9746 and hit 0.9734 earlier today in Asian session. The bias is bearish in nearest term testing 0.9650 – 0.9600 and the trend line support as you can see on my daily chart below, which is a good place to buy. Immediate resistance is seen around 0.9770. A clear break above that area could lead price to neutral zone in nearest term testing 0.9830 area. My major technical outlook remains neutral.

usdchfdaily

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August 11th, 2016 @ 1:32 am by William Gilday

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Screen Shot 2016-08-11 at 06.53.48

Hello traders and good to be with you today. We had some data in Asia today as the RNZD lowered interest rates .25 BTS. The markets did respond however looks like all the gains are coming back. Today we look at the EURAUD pairs as my bias is bearish. The chart looks great as price has pulled back and now sitting just below resistance at the 200 ema. I would like to enter this sell trade at the price level of 1.4525. I am looking to take profit for this trade at the price level of1.4428 as marked on the chart the support zone.

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

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August 10th, 2016 @ 1:59 am by William Gilday

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Screen Shot 2016-08-10 at 07.05.41

Hello traders and great to with with you as we approach the middle of our trading week. Just a note that Oil is now at the 42.77 price level and we just continue in the range of 40.00 to 50.00 P/B. News releases is very low today the big one will be in the U.S. session with Oil Inventories. Traders are are going to talk about the EURJPY as we have seen very little price action as I myself and not eager to trade this pair because they have made no action on there stimulus package. Today I am still bias bearish and look for price to move and pullback to the daily pivot point and look for a bearish candle formation with conformation. I am looking to take profit at the support zone at the price level 112.57. Traders just be alert if you trade this pair and get to break even as soon as you can so you have a free trade.

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

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August 10th, 2016 @ 1:14 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a moderate bullish momentum yesterday topped at 1.1122. The bias is neutral in nearest term probably with a little bullish bias testing 1.1160 – 1.1200 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.1080. A clear break below that area could trigger further bearish pressure testing 1.1000 region. On the upside, a clear break and daily close above 1.1200 could trigger further bullish pullback testing the trend line resistance and 1.1300 area which is a good place to sell.

eurusddaily

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