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2009 June

June 15th, 2009 @ 3:07 am by Setyo Wibowo

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AUDUSD  Daily Outlook
The AUDUSD was corrected lower on Friday. On h4 chart below we can see that the pair is trapped between 0.8261 and 0.7830 ranging area in medium outlook. The bias is bearish neutral both in nearest and medium term and I think it’s better to stay away and wait form further development. Immediate support is seen at 0.8030 followed by 0.7985. Break below those area should trigger further bearish momentum. Initial resistance at 0.8130. CCI just cross the 100 line down on daily chart suggesting potential downside pressure.

audusdh4

AUDUSD Daily Supports and Resistances:

S1= 0.8056
S2= 0.7981
S3= 0.7904
R1= 0.8208
R2= 0.8285
R3= 0.8360

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June 15th, 2009 @ 3:03 am by Setyo Wibowo

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GBPJPY Daily Outlook

The GBPJPY bullish momentum was paused on Friday. On daily chart below we can see that after the bullish power paused, the pair was traded lower early today in Asian market. The bias is bearish in nearest term but we seem to have good support around 160.40 area. Break below that area should trigger further bearish correction towards 159.20. Initial resistance at 162.57 (Friday’s high). Break above that area could trigger further bullish continuation. CCI about to cross the 100 line down on daily chart suggesting potential downside pressure.

gbpjpydaily

GBPJPY Daily Supports and Resistances:

S1= 160.50
S2= 159.43
S3= 158.40
R1= 162.60
R2= 163.63
R3= 164.70

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June 15th, 2009 @ 2:57 am by Setyo Wibowo

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EURJPY Daily Outlook

The EURJPY made indecisive movement on Friday, formed a Doji formation on daily chart. I think the pair is in critical phase right now. The bullish momentum since January 21 is now testing key level around 139.20 area. Break above that area should trigger further bullish scenario. The bias is neutral in nearest term. Immediate resistance is seen at 138.27 (Friday’s high). Break above that area should trigger further bullish momentum testing 139.20. Initial support at 136.20. CCI in neutral area on h4 chart.

eurjpydaily

EURJPY Daily Supports and Resistances:

S1= 136.94
S2= 136.20
S3= 135.54
R1= 138.34
R2= 139.00
R3= 139.74

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June 15th, 2009 @ 1:10 am by Setyo Wibowo

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USDCHF Daily Outlook

USDCHF Outlook
The USDCHF had bullish momentum on Friday. On h4 chart below we can see that the hammer formation gave us valid bullish warning. The bias is bullish in nearest term but remains neutral in medium term. Immediate resistance is seen at 1.0850. Break above that area should trigger further bullish momentum. Initial support at 1.0750. Break below that area could lead us into no trading zone.

usdchf4hchart7

USDCHF Daily Supports and Resistances:

S1= 1.0710
S2= 1.0616
S3= 1.0549
R1= 1.0871
R2= 1.0938
R3= 1.1032

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June 15th, 2009 @ 1:02 am by Setyo Wibowo

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USDJPY Daily Outlook

The USDJPY had a bullish momentum on Friday. On h4 chart below we can see that the triangle formation has been violated to the upside suggesting further bullish continuation. We seem to have good resistance around 98.80 area. Break above that area should trigger further bullish scenario towards 99.70 area. Immediate support is seen at 97.90. Break below that area could bring us into no trading zone.

usdjpy4hchart5

USDJPY Daily Supports and Resistances:

S1= 97.73
S2= 97.12
S3= 96.78
R1= 98.68
R2= 99.02
R3= 99.63

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June 15th, 2009 @ 12:54 am by Setyo Wibowo

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GBPUSD Daily Outlook

The GBPUSD also had bearish momentum on Friday. On h4 chart below we can see that the bearish momentum came after price failed to break above 1.6660 area. The bias is bearish in nearest term testing 1.6240 area but remains neutral in medium term and I think it’s not the best time to trade now. Immediate resistance is seen at 1.6475 – 1.6510 area. Initial support at 1.6320. Break below that area should trigger further weakness for Sterling towards 1.6240 area. CCI just cross the 100 line down on daily chart suggesting potential downside pressure.

gbpusd4hchart4

GBPUSD Daily Supports and Resistances:

S1= 1.6307
S2= 1.6187
S3= 1.6042
R1= 1.6572
R2= 1.6717
R3= 1.6837

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June 15th, 2009 @ 12:11 am by Setyo Wibowo

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EURUSD Daily Outlook
The EURUSD had a bearish momentum on Friday. On h4 chart below we can see that the price has been testing the trendline support for several times now but the trendline support still hold. Technically I think the Euro is still under pressure and if the trendline violated to the downside we should see further downside momentum testing 1.3790 key support level. Immediate support is seen at 1.3920. Break below that area could trigger further bearish momentum. Initial resistance at 1.4050. Break above that area should bring us into no trading zone. CCI about to cross the 1– line down both on h1 and h4 chart suggesting a potential downside pressure.

eurusd4hchart6

EURUSD Daily Supports and Resistances:

  • S1= 1.3914
  • S2= 1.3830
  • S3= 1.3723
  • R1= 1.4105
  • R2= 1.4212
  • R3= 1.4296

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June 13th, 2009 @ 5:49 am by Eugene Teplitsky

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Hey traders,

Don’t you just hate it when you screw up – twice? I’ve received several confused emails tonight wondering why Jay’s class was not held on Friday – and I quickly found the answer.

It seems that even though our last newsletter specifically mentioned Sunday, June 14, and so did our weekly schedule, the registration page was still showing the incorrect date. So it’s no surprise that some of you got confused – we are very, very sorry!

Fortunately you did not miss a thing – Jay’s free FX Strategy and Tactics Development webinar WILL be held at the right time – which is SUNDAY, JUNE 14, 7:00PM EST.

Let that be a lesson for us – check, check, and triple-check the schedules!

The following topics will be covered:

  • How to construct your basic trading process.
  • Choosing the right research sources.
  • Choosing the right strategy.
  • Making a trading plan – and sticking to it.
  • The Trader’s OODA Loop
  • … and more!
Click Here to Register!
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