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2009 June

June 5th, 2009 @ 1:29 am by Johan Kriek

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Hi there fellow traders!

Please view a video of the EUR and GBP direction of highest probability for the asian and european session for today:

[youtube]http://www.youtube.com/watch?v=vd71D6jAEG0[/youtube]

Enjoy!

Johan Kriek

jkriek@fxinstructor.com

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June 4th, 2009 @ 11:33 pm by Setyo Wibowo

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Fri, 05th of June, 2009
By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook
The EURUSD made indecisive movement yesterday by opened and closed at almost the same price. On hourly chart below we can see that further bearish correction was rejected  around key level 1.4050 area. However the bearish correction can not be said over yet and there might be another downside attempt today. I think we still in no trading zone. Immediate resistance is seen at 1.4240. CCI in neutral area both on hourly and h4 chart. Eyes on US Non Farm Payroll data today.

eurusdhourly3

EURUSD Daily Supports and Resistances:

  • S1= 1.4084
  • S2= 1.3992
  • S3= 1.3914
  • R1= 1.4254
  • R2= 1.4332
  • R3= 1.4424

GBPUSD Outlook
The GBPUSD continued it’s bearish correction yesterday. The pair bottomed at 1.6092 and closed at 1.6172. The pair keep moving lower at the time I wrote this comment, traded around 1.6130. The bias is bearish in nearest term but remains bullish in medium term. I think it’s better to stay away for now.  Immediate support is seen at 1.6090 area. Break below that area could trigger further bearish momentum towards 1.5950. CCI about to cross the -100 line down on hourly chart suggesting a potential downside pressure. Eyes on US Non Farm Payroll data today.

gbpusdhourly6

GBPUSD Daily Supports and Resistances:

  • S1= 1.6032
  • S2= 1.5892
  • S3= 1.5693
  • R1= 1.6371
  • R2= 1.6570
  • R3= 1.6710

USDJPY Outlook
The USDJPY had a bullish momentum yesterday. The pair topped at 96.96 but failed to close above key level 96.60/70 area. Consistent move above that area should trigger further bullish momentum testing 97.25 area. The bias is neutral both in nearest and medium term. Immediate support is seen at 95.80. CCI about to cross the 100 line up on daily chart but about to cross 100 line down on h4 chart.

usdjpy4hchart2

USDJPY Daily Supports and Resistances:

  • S1= 95.96
  • S2= 95.37
  • S3= 94.87
  • R1= 97.05
  • R2= 97.55
  • R3= 98.14

USDCHF Outlook
The USDCHF mad indecisive movement yesterday, formed a Doji formation on daily chart. On hourly chart below we can see that the pair still in upside correction phase. The bias is neutral in nearest term but remains bearish in medium term as long as the pair stay below 1.0810. Immediate support is seen at 1.0640 (yesterday’s low). CCI in neutral area on h4 chart. Eyes on US Non Farm Payroll data today.

usdchfhourly2

USDCHF Daily Supports and Resistances:

  • S1= 1.0631
  • S2= 1.0573
  • S3= 1.0507
  • R1= 1.0755
  • R2= 1.0821
  • R3= 1.0879

Have a great day!

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June 3rd, 2009 @ 11:57 pm by Setyo Wibowo

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Thu, 04th of June, 2009
By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook
Yesterday the US Dollar recovered from it’s lowest level this year against the Euro. The pair bottomed at 1.4108 and closed at 1.4161. This bearish momentum is significant, but for me, technically the bullish scenario in medium term is not violated yet as long as the pair stay above 1.4050 and bullish trendline on h4 chart hold. The bias is bearish in nearest term but I think it is not the best time to trade now. Break below 1.4050 could trigger bigger bearish correction towards 1.3890 area. CCI about to cross the 100 line down on daily chart suggesting potential downside pressure.

eurusd4hchart

EURUSD Daily Supports and Resistances:

  • S1= 1.4067
  • S2= 1.3973
  • S3= 1.3839
  • R1= 1.4295
  • R2= 1.4429
  • R3= 1.4523

GBPUSD Outlook
The Greenback also recovered slightly against Sterling yesterday. On Fibonacci retracement study from bigger point of view of daily chart below (of 1.3886 – 1.6660) we can see that this downside momentum is actually a normal correction movement and should not be a surprise. The bias is bearish in nearest term but remains bullish in medium term. I think it’s better to stay away from the market and wait for further development. Immediate support is seen at 1.6240 and 1.6110 area. CCI just cross the 100 line down on daily chart suggesting a potential downside pressure.

gbpusddaily1

GBPUSD Daily Supports and Resistances:

  • S1= 1.6150
  • S2= 1.5985
  • S3= 1.5730
  • R1= 1.6570
  • R2= 1.6825
  • R3= 1.6990

USDJPY Outlook
The USDJPY didn’t make significant movement yesterday. I think we are now in no trading zone. We have triangle formation on daily chart indicating consolidation. On the upside, the key level 96.60 should be a strong resistance. Break above that area should trigger further bullish momentum. Immediate support is seen at 95.38 (yesterday’s low). Break below that area could trigger further bearish momentum towards 94.50CCI in neutral area both on h4 and daily chart.

usdjpydaily

USDJPY Daily Supports and Resistances:

  • S1= 95.43
  • S2= 94.89
  • S3= 94.41
  • R1= 96.45
  • R2= 96.93
  • R3= 97.47

USDCHF Outlook
The USDCHF was corrected higher yesterday. In medium term outlook, this upside correction momentum should be a normal movement as long as the pair stay below 1.0810. I think it’s better to stay away from the market and wait for further development. Immediate support is seen at 1.6000 (yesterday’s low). CCI about to cross the -100 line up on daily chart suggesting a potential upside pressure.

usdchf4hchart1

USDCHF Daily Supports and Resistances:

  • S1= 1.0617
  • S2= 1.0536
  • S3= 1.0472
  • R1= 1.0762
  • R2= 1.0826
  • R3= 1.0907

Have a great day!

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June 3rd, 2009 @ 12:10 am by Setyo Wibowo

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Wed, 03rd of June, 2009
By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook
After break above 1.4245 area, yesterday the EURUSD continued it’s bullish momentum. The pair topped at 1.4329 and closed at 1.4304. The bias is bullish in nearest term but we seem to have good resistance around 1.4356 area (December 29 2008 high). Break above that area could trigger further bullish scenario towards 1.4434. However CCI just cross the 100 line down on hourly chart suggesting a potential downside correction testing 1.4245 support area.

eurusdhourly2

EURUSD Daily Supports and Resistances:

  • S1= 1.4160
  • S2= 1.4016
  • S3= 1.3932
  • R1= 1.4388
  • R2= 1.4472
  • R3= 1.4616

GBPUSD Outlook
As I had expected, the GBPUSD made another bullish momentum yesterday. The pair hit my long target at 1.6560 even higher, topped at 1.6595 and closed at 1.6578. The bias remains bullish in nearest term targeting 1.6670 area. However CCI just cross the 100 line down on hourly chart so watch out for potential downside rebound testing 1.6495 support area.

gbpusdhourly5

GBPUSD Daily Supports and Resistances:

  • S1= 1.6405
  • S2= 1.6232
  • S3= 1.6137
  • R1= 1.6673
  • R2= 1.6768
  • R3= 1.6941

USDJPY Outlook
The USDJPY had bearish momentum yesterday. On h4 chart below we can see that 96.60 is a very strong resistance at this phase. As long as the pair stay below that level, we might see further bearish pressure. The bias is bearish in nearest term targeting 94.50 but we seem to have good support around 95.50 area. Break below that area could trigger further bearish momentum. CCI in neutral area on h4 chart.

usdjpy4hchart

USDJPY Daily Supports and Resistances:

  • S1= 95.14
  • S2= 94.57
  • S3= 93.83
  • R1= 96.45
  • R2= 97.19
  • R3= 97.76

USDCHF Outlook
The USDCHF continued it’s bearish scenario yesterday. The pair bottomed at 1.0590 and closed at 1.0613. The bias remains bearish in nearest term targeting 1.0480. However CCI just cross the -100 line up on hourly chart so watch out for potential upside rebound testing 1.0750 resistance area.

usdchf4hchart

USDCHF Daily Supports and Resistances:

  • S1= 1.0554
  • S2= 1.0496
  • S3= 1.0402
  • R1= 1.0706
  • R2= 1.0800
  • R3= 1.0858

Have a great day!

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June 1st, 2009 @ 11:52 pm by Setyo Wibowo

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Tue, 02nd of June, 2009
By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

The EURUSD attempted to push higher yesterday. The pair hit my long target at 1.4220, topped at 1.4245 but the bullish momentum seemed limited as the pair closed lower at 1.4151. On hourly chart below we have triangle formation indicating consolidation. The bias is neutral in nearest term but remains bullish in medium term. Immediate support is seen at 1.4140 followed by the key level 1.4050. Initial resistance at 1.4245 (yesterday’s high). Break above that area could trigger further bullish momentum targeting 1.4350 area. CCI just cross the 100 line down on h4 chart suggesting a potential downside correction.

eurusdhourly

EURUSD Daily Supports and Resistances:

     • S1= 1.4084
     • S2= 1.4017
     • S3= 1.3937
     • R1= 1.4231
     • R2= 1.4311
     • R3= 1.4378

 

GBPUSD Outlook

The GBPUSD continued it’s bullish momentum yesterday.  The pair hit my long target at 1.6290, even higher, topped at 1.6496 and closed at 1.6438. On hourly chart below we have a valid bullish channel indicating bullish scenario. The bias remains bullish in nearest term targeting 1.6560 and 1.6670 area. Immediate support is seen at 1.6420 followed by 1.6360. CCI in overbought area and heading down on h4 chart suggesting a potential minor downside correction.

gbpusdhourly4

GBPUSD Daily Supports and Resistances:

     • S1= 1.6233
     • S2= 1.6028
     • S3= 1.5897
     • R1= 1.6569
     • R2= 1.6700
     • R3= 1.6905

 USDJPY Outlook

The USDJPY had a bullish momentum  yesterday. The pair attempted to push lower,  hit my short target at 94.50, bottomed at 94.43 but whipsawed to the upside and closed higher at 96.59. This fact bring us into no trading zone in nearest term. Consistent move above 96.60 area should trigger further bullish momentum. Initial support at 94.50 area. CCI in neutral area on h4 chart.

usdjpyh4chart3

USDJPY Daily Supports and Resistances:

     • S1= 95.08
     • S2= 93.57
     • S3= 92.72
     • R1= 97.44
     • R2= 98.29
     • R3= 99.80

 

USDCHF Outlook

The USDCHF bearish momentum was paused yesterday. The pair attempted to push lower, bottomed at 1.0616 but closed higher at 1.0705. On hourly chart below we have minor bullish channel indicating minor bullish correction. The bias is neutral in nearest term. However as long as the pair stay below 1.0810 the medium bias remains bearish. CCI in neutral area on h4 chart.

usdchfhourly1

USDCHF Daily Supports and Resistances:

     • S1= 1.0639
     • S2= 1.0574
     • S3= 1.0532
     • R1= 1.0746
     • R2= 1.0788
     • R3= 1.0853

Have a great day!

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June 1st, 2009 @ 12:26 am by Setyo Wibowo

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Mon, 31th of May, 2009
By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

The EURUSD continued it’s bullish scenario on Friday. On h4 chart below we can see that after break above key resistance level at 1.4050 the pair topped at 1.4168 and closed at 1.4156. The bias is bullish in nearest term targeting 1.4220 but we seem to have strong resistance around 1.4173 area (50% Fibo Retracement of 1.6037 – 1.2327). Break above that area could trigger further bullish momentum. However CCI in overbought area and heading down on h4 chart suggesting a potential downside rebound testing 1.4075/50 support area. Break below that area could lead us into no trading zone.

eurusdh4chart2

EURUSD Daily Supports and Resistances:

     • S1= 1.3997
     • S2= 1.3838
     • S3= 1.3753
     • R1= 1.4241
     • R2= 1.4326
     • R3= 1.4485

 

GBPUSD Outlook

After some consolidation movement last week,  the GBPUSD continued it’s bullish scenario on Friday. On hourly chart below we can see that after break above 1.6000 key level the pair topped at 1.6198 and close at 1.6186. The bias is bullish in nearest term targeting 1.6290. However,  we seem to have a good resistance area at 1.6198 (Friday and November 5th 2008 high). We need a consistent movement above that area to confirm further bullish scenario. CCI in overbought area and heading down suggesting a potential downside rebound testing 1.6130 – 1.6090 support area.

gbpusdhourly3

GBPUSD Daily Supports and Resistances:

     • S1= 1.6002
     • S2= 1.5818
     • S3= 1.5720
     • R1= 1.6284
     • R2= 1.6382
     • R3= 1.6566

 

USDJPY Outlook

The USDJPY failed to continued it’s bullish momentum on Friday. On h4 chart below we can see that the pair failed to stay above 96.60 key level and then had bearish momentum, bottomed at 95.00 and closed at 95.32.  The  bias is bearish in nearest term targeting 94.50 but remains neutral in medium term. CCI just cross the -100 line up on hourly chart suggesting a potential upside pressure testing 95.90 resistance area. Break above that area could lead us into no trading zone.

usdjpyh4chart2

USDJPY Daily Supports and Resistances:

     • S1= 94.56
     • S2= 93.81
     • S3= 92.62
     • R1= 96.50
     • R2= 97.69
     • R3= 98.44

 

USDCHF Outlook

The USDCHF continued it’s bearish scenario on Friday. On hourly chart below we can see that after break below 1.0810 area the pair had bearish momentum, bottomed at 1.0654 and closed at 1.0667. The bias is bearish in nearest term targeting 1.0565 area. However CCI just cross the -100 line up on hourly chart so watch out for a potential upside rebound testing 1.0730 area. Break above that area could lead us into no trading zone.

usdchfhourly

USDCHF Daily Supports and Resistances:

     • S1= 1.0594
     • S2= 1.0522
     • S3= 1.0390
     • R1= 1.0798
     • R2= 1.0930
     • R3= 1.1002
Have a great day!

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