Forex Academy Quick Links:
Language:
English

2016 December

December 30th, 2016 @ 7:48 pm by Muhammad Azeem

Click here to read the full article.

aud-usd-15mTrend is bearish in AUD/USD currency pair in fifteen minutes time frame. Short term key resistance level is present at  0.7245 price area. Based on Elliott wave analysis, we have seen a bullish A,B and C Zig Zag pattern, which looks complete.

Now, a good idea is to look for a short trade and join the down trend in AUD/USD currency pair. However; if price tries to rise back up and goes above 0.7245 resistance level then I would prefer to stop myself from trading and re-analyze the price action in AUD/USD currency pair in 15 minutes time frame.

Click here to read the full article.

December 30th, 2016 @ 3:13 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD had a strong bullish momentum earlier today in Asian session, hit 1.0653 but traded lower around 1.0540 at the time I wrote this comment in a “strange” and high volatile market. The bias is neutral in nearest term and I think we should stay out of this kind of market. Immediate support is seen around 1.0500. A clear break below that area could trigger further bearish pressure testing 1.0450/00 region and keep the bearish outlook remains intact. Immediate resistance is seen around 1.0580 followed by 1.0650.

eurusdhourly

Click here to read the full article.

December 30th, 2016 @ 3:05 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had a moderate bullish momentum yesterday topped at 1.2274 and hit 1.2308 earlier today in Asian session. The bias is bullish in nearest term testing 1.2320 key resistance which is a good place to sell with a tight stop loss. Immediate support is seen around 1.2250. A clear break below that area could lead price to neutral zone in nearest term testing 1.2200 – 1.2170 support area. On the upside, a clear break and daily/weekly close above 1.2320 could trigger further bullish scenario testing 1.2400 – 1.2500 region next week.

gbpusdh1

Click here to read the full article.

December 30th, 2016 @ 2:59 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 116.23 and hit 116.04 earlier today in Asian session. The bias remains bearish in nearest term testing 116.00 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 116.70. A clear break above that area could lead price to neutral zone in nearest term testing 117.20 or higher. Overall I remain bullish but a clear break below 116.00 would interrupt the bullish scenario.

usdjpyhourly

Click here to read the full article.

December 30th, 2016 @ 2:57 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF had a strong bearish momentum earlier today after broke below the trend line support as you can see on my H1 chart below, bottomed at 1.0056 but traded higher at the time I wrote this comment around 1.0200 area in a “strange” and high volatile market. The bias is neutral in nearest term and I will stand aside for now. Immediate support is seen around 1.0150 followed by 1.0080. Immediate resistance is seen around 1.0250 followed by 1.0325.

usdchfhourly

Click here to read the full article.

December 29th, 2016 @ 1:54 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD had a moderate bearish momentum yesterday bottomed at 1.0372 but traded a little bit higher earlier today in Asian session hit 1.0437. The bias remains neutral in nearest term. As you can see on my H1 chart below, price has been moving sideways between 1.0350 – 1.0500 and we need a clear break from that range area to see clearer direction. That said, as long as stay below 1.0500 price is still in a valid bearish phase. Immediate support is seen around 1.0400 followed by 1.0350. Immediate resistance is seen around 1.0450 followed by 1.0500.

eurusdhourly

Click here to read the full article.

December 29th, 2016 @ 1:52 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had a moderate bearish momentum yesterday bottomed at 1.2200. The bias remains neutral in nearest term but as long as stay below 1.2320 price is still in a bearish phase as a part of the bearish scenario after broke below the trend line support (see my H1 chart below) and any upside pullback should be seen as a good opportunity to sell. Immediate resistance is seen around 1.2250. A clear break above that area could trigger further bullish pressure testing 1.2300/20 region. Immediate support is seen around 1.2200 – 1.2170. A clear break and daily close below that area would expose 1.2080/00 region.

gbpusdh1

Click here to read the full article.

December 29th, 2016 @ 1:49 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had a bearish pressure earlier today in Asian session hit 116.71. The bias is bearish in nearest term testing 116.00 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 117.20. A clear break above that area could lead price to neutral zone in nearest term testing 117.80 area. Overall I remain bullish but a clear break below 116.00 would interrupt the bullish scenario.

usdjpyhourly

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