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2013 October

October 22nd, 2013 @ 4:42 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. Overall price is still in a bullish outlook but need a clear break above 1.3700 to continue the bullish scenario testing 1.3800 – 1.3850. Immediate support remains around 1.3650. A clear break below that area could lead price to neutral zone in nearest term testing 1.3600 but any downside pullback now is normal and as long as stays above 1.3450 – 1.3500 I prefer a bullish scenario at this phase.

eurusddaily

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October 22nd, 2013 @ 4:39 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was corrected lower yesterday and hit 1.6115 earlier today. The bias is neutral in nearest term probably with a little bearish bias testing 1.6060 support area. Immediate resistance is seen around 1.6160. A clear break above that area could trigger further bullish pressure testing 1.6259 – 1.6300 strong resistance which need to be clearly broken to the upside to continue the bullish scenario.

gbpusddaily

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October 22nd, 2013 @ 4:35 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bullish momentum yesterday and hit 98.36 earlier today. The bias is bullish in nearest term testing 99.00. Immediate support is seen around 98.10. A clear break below that area could lead price to neutral zone in nearest term testing 97.50. My major technical outlook remains unclear.

usdjpydaily

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October 22nd, 2013 @ 4:32 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive yesterday. The bias is neutral in nearest term but as long as stays below 0.9090 I still prefer a bearish scenario at this phase. On the upside, a clear break above 0.9090 could trigger further bullish scenario testing 0.9175.

usdchfhourly

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October 21st, 2013 @ 10:22 am by William Gilday

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The daily chart is bullish and has been for some time. The ABCD was revised today as there was to many lines haha. Well the ABCD is as this now the A is at price level 1.5874 and B is at 1.6269. We are looking for the C pullback and would like to see it come back to the 50% fib at 1.6074 and then look for a bullish candle and take the long with the trend. 

Price Action on GBP/USD

Price Action on GBP/USD

The 2 Hour chart is in a sideways price action so we placed support at 1.6128 and resistance at 1.6228 big range at 100 pips however ugly chart. The 1 Hour chart we were able to place the ABCD Fibbs and we have A at 1.5894 and B at 1.6224 we are looking to get the C pullback to the 50% fib at 1.6098. And look for the bullish candle and take it to the D extension at the 61.8 at 1.6428 for take profit.  The 15 minute chart has all sideways price action and looks horrible for a trade set up, so we placed support at 1.6152 and a trend line for resistance at 1.6180. So I am not looking to trade off the 15 minute chart looking at the 1 Hour chart for any possible entry. 

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October 21st, 2013 @ 9:38 am by William Gilday

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The daily chart is in a bullish trend and we have placed a ABCD and the A is at 96.54 and the B is at 100.55 and it has retraced back to the 86 fibb extension at 97.10 but the market has been sideways on this daily chart for almost 2 weeks as we are looking for a bullish pattern to go to the D extension Take Profit of 103.03 if you are trading the daily chart. 10-21-2013 4-32-41 PM USDJPY Preview

The 2 Hour chart is bullish and we have placed a trend line and a resistance line at price 98.17 I would like to see this break this and become support in a retest and give up a bullish candle so we can take this to the upside with the trend. The 1 Hour chart is in a sideways action and we are unable to place a fib on this chart so we have placed a range as resistance is at 98.24 and support is at 97.54. So we are waiting for the breakout and we will take action when this happens, we would like to see this go to the upside with the trend. The 15 Minute chart is sideways also and we have had to place support at 97.84 and resistance is at 98.15 and we wait for price action to make the move there is no trade at this time just have to be patient and wait my friends.

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October 21st, 2013 @ 9:03 am by William Gilday

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The daily chart is in an uptrend and we have placed the ABCD on the chart and it has A at 1.0177 and B is at 1.0422 and has retraced to the C pull back and the 50% fib at 1.0295. So if you were going to trade the daily chart you would be looking for a bullish candle and take it to the D extension of the 61.8 fibb at 1.0568. Price is now sitting on the 200 EMA for the last 4 days and looks to want to continue to the upside. 10-21-2013 12-00-07 PM UASCAD TOP DOWN ANALYSIS

  The 2 Hour chart is in a range as resistance is at 1.0312 and support is at 1.0275. So if you are trading this time frame you would be looking for a  breakout to the upside as we stay with the trend. The 1 Hour chart is also bullish We placed an ABCD on the chart as A is at price level 1.0279 and B is at 1.0312 and we have a pull back to the C at the 61.8 fibb at price level 1.0285 and has moved sideways all day today and I would think that is because NFP from last month is coming out on Tuesday 22nd about 28 hours from now. We are looking for price to go to the D extension at 1.0332for our take profit area on the 1 hour chart. The 15 minute chart also is ABCD and price has pulled back to the 50 % fibb at price 1.0287 and looking for a bullish candle pattern to enter the trade to the D extension at 1.0336.

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October 21st, 2013 @ 4:59 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD regained its bullish momentum last week after failed to break below 1.3450 key support area and slipped above 1.3700. The bias is bullish in nearest term testing 1.3800 – 1.3850. Immediate support is seen around 1.3650. A clear break below that area could lead price to neutral zone in nearest term testing 1.3600 but any downside pullback now is normal and as long as stays above 1.3450 – 1.3500 I prefer a bullish scenario at this phase.

eurusddaily

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