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2017 March

March 31st, 2017 @ 1:33 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday bottomed at 1.0671. The bias remains bearish in nearest term testing 1.0600 region. That said, we have a CCI bullish divergence as you can see on my H1 chart below suggests a potential bullish correction especially if price able to make a clear break above 1.0700 testing 1.0750 – 1.0785 region but as long as stay below the EMA 200 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. Overall I remain neutral.

eurusdhourly

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March 31st, 2017 @ 1:27 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2524 but closed lower at 1.2467. Overall price is still in a bearish phase since fell below the bullish channel as you can see on my H1 chart below but still unable to stay consistently below the H1 EMA 200 and moving inside a minor bullish channel. The bias is neutral in nearest term probably with a little bullish bias testing 1.2530 – 1.2550 region. Immediate support is seen around 1.2450. A clear break below that area could trigger further bearish pressure testing 1.2375 key support which need to be clearly broken to the downside to continue the bearish scenario. Overall I remain neutral.

gbpusdh1

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March 31st, 2017 @ 1:22 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 111.94 and hit 112.08 earlier today in Asian session. The bias is bullish in nearest term testing 112.85 as a part of the “hammer” formation bullish scenario as you can see on my daily chart below. Immediate support is seen around 111.70. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 111.30 would be a serious threat to the bullish reversal scenario.

usdjpydaily

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March 31st, 2017 @ 1:18 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bullish momentum yesterday topped at 1.0013. The bearish scenario after fell below the bullish channel as you can see on my H4 chart below is in a serious threat. The bias is bullish in nearest term testing 1.0060 region. A clear break and daily/weekly close above that area would activate my bullish short-term mode. Immediate support is seen around 0.9990. A clear break below that area could lead price to neutral zone in nearest term testing 0.9950 or lower. Overall I remain neutral.

usdchfh4

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March 30th, 2017 @ 6:40 am by William Gilday

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Screen Shot 2017-03-30 at 06.54.21

Hello traders we take a look at the EURAUD for a possible short trade. OK let us take a look at the chart, as we can see we are not getting much price action so far today. So we are looking for a pull back to the zone of the 50% Fibonacci level with a possible entry of 1.4095. I will place my stop at the price of 1.4110. I am looking to take profit at the support at the price of 1.4020 for a nice 70 pip trade. I looked at this trade in Asia and now just starting to move to my entry point.

Thank you traders and we will talk soon…William

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March 30th, 2017 @ 1:55 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday bottomed at 1.0739. The bias remains bearish in nearest term testing 1.0700 region. A clear break and daily close below that area would expose 1.0600 region as a part of the “shooting star” formation (daily chart)bearish scenario after the false break above 1.0873 on Monday. Immediate resistance is seen around 1.0785. A clear break above that area could lead price to neutral zone in nearest term testing 1.0825 area. Overall I remain neutral.

eurusdhourly

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March 30th, 2017 @ 1:52 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.2375 but whipsawed to the upside and closed higher at 1.2435. The bias is neutral in nearest term but as long as stay below 1.2475 I prefer a bearish scenario at this phase targeting 1.2350 – 1.2300 region as a part of the bearish scenario after fell below the bullish channel as you can see on my H1 chart below. On the upside, a clear break and daily close back above 1.2475 would nullify the current short-term bearish trend testing 1.2530 area or higher. Overall I remain neutral.

gbpusdh1

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March 30th, 2017 @ 1:46 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. The “hammer” bullish reversal scenario remains valid and any sustained movement back above 111.30 could create a nice bullish run testing 112.00 – 113.00 region or higher. On the downside, key support remains at 110.10. A clear break below that area would cancel the “hammer” bullish reversal scenario.

usdjpydaily

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