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2013 October

October 25th, 2013 @ 9:38 am by William Gilday

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10-25-2013 4-35-48 PM EURAUD The daily chart is bullish and we have placed a ABCD as A is at 1.4170 and B is at 1.4998 as D extension for take profit is at 1.5535 for over 1000 pips if you trade the daily chart we are waiting for C pullback to take the trade long. The 1 Hour chart is in a range but a large range over 100 pips but price action is all over the place so we have placed a support line at 1.4265 and resistance at 1.4420 and is being help at resistance for the last two hours. We also placed a trend line and looks like a nice wedge. We will have to wait and see what price does with this. The 200 EMA is way below price and up against the resistance line. The 2 hour chart is just in a range and nothing to do with it at the moment no trade set up on this time frame. The 15 minute chart is bullish however the last three candles have been bearish looks like a pull back so we placed a fib and we will see if it goes to the 38.2 fibb and resume the uptrend. So again we sit on our hands and wait for the entry we need.

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October 25th, 2013 @ 4:44 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD had another indecisive movement yesterday but overall still able to maintain its bullish bias. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.3850 – 1.3935. Immediate support remains around 1.3750. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and as long as stays above 1.3450 – 1.3500 I still prefer a bullish scenario at this phase.

eurusddaily

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October 25th, 2013 @ 4:41 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a moderate bullish momentum yesterday and hit 1.6246 earlier today. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.6259 – 1.6300 strong resistance area which need to be clearly broken to the upside to continue the bullish scenario. Immediate support  remains around 1.6150. A clear break below that area could lead price to neutral zone in nearest term testing 1.6100 or lower but as long as stays above 1.5950 – 1.6000, the major bullish outook remains valid.

gbpusddaily

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October 25th, 2013 @ 4:38 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY was indecisive yesterday but overall still able to maintain its bearish intraday bias and still struggling around the trend line support as you can see on my daily chart below. The bias remains bearish in nearest term. A clear break and daily/weekly close below the trend line support and 97.00 could trigger further bearish scenario next week with nearest target seen around 95.70. Immediate resistance is seen around 97.40. A clear break above that area could lead price to neutral zone in nearest term testing 97.70 – 98.00.

usdjpydaily

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October 25th, 2013 @ 4:29 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive yesterday but overall still able to maintain its bearish bias. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 0.8875 – 0.8850 or lower. Immediate resistance remains around 0.8930. A clear break above that area could lead price to neutral zone in nearest term testing 0.8967 or higher but any upside pullback now is normal and overall I still prefer a bearish scenario at this phase.

usdchfhourly

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October 24th, 2013 @ 9:21 pm by The Geek

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Simultaneous Release at
TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex traders and readers.

In the previous review of the EUR/USD we note that the currency pair was bullish and 1.38 may be an extended target. With the government shutdown over and the solution of the US debt ceiling crisis found, the markets were generally relieved.

20131024-233719.jpg

Technical Analysis

Looking at the EUR/USD 4 hourly chart above we note that the currency pair has achieved the 1.38 extended bullish target. :) I love it when our charts work!

Do be cautious for now as 1.38 is often a strong support and resistance region. A breach may open up 1.4 which is predicted by a number of currency analysts. On the other hand, any bearish correction may see a test of the immediate support of 1.3660.

Don’t miss the fundamental analysis
continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Review to understand more about the underlying market sentiments.

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October 24th, 2013 @ 6:18 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD was indecisive yesterday but overall still able to maintain its bullish bias. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.3850. Immediate support is seen around 1.3750. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and as long as stays above 1.3450 – 1.3500 I still prefer a bullish scenario at this phase.

eurusddaily

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October 24th, 2013 @ 6:14 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was corrected lower yesterday bottomed at 1.6118 but traded higher earlier today hit 1.6213. The bias is bullish in nearest term testing 1.6259 – 1.6300 strong resistance area which need to be clearly broken to the upside to continue the bullish scenario. Immediate support is seen around 1.6150. A clear break below that area could lead price to neutral zone in nearest term testing 1.6100 or lower but as long as stays above 1.5950 – 1.6000, the major bullish outook remains valid.

gbpusddaily

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