Forex Academy Quick Links:
Language:
English

FX Instructor Forex Blog - For Traders, By Traders

August 15th, 2018 @ 4:20 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday after failed to break above 1.1430 resistance area, bottomed at 1.1330 and hit 1.1325 earlier today in Asian session. The bias is bearish in nearest term testing 1.1280 – 1.1250 region. Immediate resistance is seen around 1.1365. A clear break above that area could lead price to neutral zone in nearest term testing 1.1430 area but overall I remain bearish and any upside pullback now is normal and should be seen as a good opportunity to sell.

Click here to read the full article.

August 15th, 2018 @ 4:17 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2827 but whipsawed to the downside, closed lower at 1.2716 and hit 1.2693 earlier today in Asian session. The bias remains bearish in nearest term testing 1.2650/00 region. Immediate resistance is seen around 1.2730. A clear break above that area could lead price to neutral zone in nearest term testing 1.2825 area but overall I remain bearish and any upside pullback is normal and should be seen as a good opportunity to sell.

Click here to read the full article.

August 15th, 2018 @ 4:15 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 111.31 and hit 111.43 earlier today in Asian session after bounced-off the daily EMA 200 as you can see on my daily chart below. The bias is bullish in nearest term testing 111.55 – 112.00 region. Immediate support is seen around 111.00. A clear break below that area could lead price to neutral zone in nearest term testing 110.75 or lower.

Click here to read the full article.

August 15th, 2018 @ 4:12 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF had another indecisive movement yesterday. Price traded higher earlier today in Asian session hit 0.9964. The bias is bullish in nearest term testing 0.9990. A clear break and daily close above that area would expose 1.0055 key resistance. Immediate support is seen around 0.9935. A clear break below that area could lead price to neutral zone in nearest term testing 0.9865. Overall I remain neutral.

Click here to read the full article.

August 14th, 2018 @ 4:33 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD attempted to push lower yesterday bottomed at 1.1365 but closed higher at 1.1409. The bias is neutral in nearest term probably with a little bullish bias especially if price able to move consistently above 1.1430 testing 1.1500 region but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.1385. A clear break below that area could trigger further bearish pressure testing 1.1350/00 support area.

Click here to read the full article.

August 14th, 2018 @ 4:31 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD didn’t make significant movement yesterday but overall still able to maintain is bearish bias. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.2650 region. Immediate resistance is seen around 1.2825. A clear break above that area could lead price to neutral zone in nearest term but overall I remain bearish and any upside pullback is normal and should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.2650 would expose 1.2500 region.

Click here to read the full article.

August 14th, 2018 @ 4:30 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 110.11 but whipsawed to the upside, closed higher at 110.71 and hit 110.90 earlier today in Asian session after failed to break below the daily EMA 200 support as you can see on my daily chart below. The bias is bullish in nearest term testing 111.25 region. Immediate support is seen around 110.58 (current low). A clear break below that area could lead price to neutral zone in nearest term retesting the daily EMA 200 located around 110.15 area.

Click here to read the full article.

August 14th, 2018 @ 4:29 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Immediate support remains around 0.9865. A clear break and daily close below that area could trigger further bearish pressure testing 0.9785 key support area. Immediate resistance remains around 0.9900. A clear break and daily close above that area could trigger further bullish pressure testing 1.0055 key resistance area. Overall I remain neutral and the best trading plan is to buy around 0.9785 or sell around 1.0055.

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