Forex Academy Quick Links:
Language:
English

2014 April

April 28th, 2014 @ 4:16 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast        

The EURUSD had another insignificant movement last week. I am expecting a better and clearer condition this week. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3780 – 1.3850. A clear break below 1.3780 could trigger further bearish pressure testing 1.3750 – 1.3700. On the other hand,  a clear break above 1.3850 could trigger further bullish pressure testing 1.3900 before challenging 1.4000. The ascending triangle bullish scenario on daily chart remains valid and I still prefer a bullish scenario at this phase.

eurusdhourly

Click here to read the full article.

April 28th, 2014 @ 4:13 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast

The GBPUSD didn’t make significant movement last week. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 1.6750 – 1.6850. A clear break below 1.6750 could trigger further bearish pressure testing 1.6700 or lower. On the other hand, a clear break above 1.6850 could trigger further bullish pressure testing 1.6900 or higher. Overall I still prefer a bullish scenario at this phase.

gbpusddaily

Click here to read the full article.

April 28th, 2014 @ 4:10 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast

The USDJPY failed to continue its bullish momentum last week. The bias is bearish in nearest term testing 101.80 – 101.50. Immediate resistance is seen around 102.25. A clear break above that area could lead price to neutral zone in nearest term testing 102.70. As long as stays above the trend line support, my overall technical outlook remains bullish.

usdjpydaily

Click here to read the full article.

April 28th, 2014 @ 3:59 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast

The USDCHF didn’t make significant movement last week. The bias is neutral in nearest term. Immediate support is seen around 0.8800. A clear break below that area could trigger further bearish pressure testing 0.8740. Immediate resistance is seen around 0.8835 followed by 0.8870. Overall I still prefer a bearish scenario at this phase unless price breaks above 0.8870.

usdchfhourly

Click here to read the full article.

April 27th, 2014 @ 4:40 pm by The Geek

Click here to read the full article.

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 EUR/USD forecast we noted that the currency pair was bearish for the week. It did not manage to sustain any bullish momentum and fell towards the 1.38 support.

It was testing 1.38 and any bullish recovery would likely see 1.388 followed by 1.4. Previous price action indicated possible bearish strength near 1.4. Should the bearish momentum continue, we were looking at a possible 1.37 and an extended 1.35.

20140427-211345.jpg

Technical Analysis

Looking at the EUR/USD weekly chart above we note that the currency pair was bullish for the week. Having said so, it appears to be struggling to break free of the 1.38 – 1.385 region.

If the bullish momentum succeeds, we may be expecting an extended bullish target of 1.4. Do be cautious though as we may face increasing bearish strength as we approach this strong resistance.

Should the bearish momentum return, we may be looking at a possible bearish target of 1.37 followed by 1.35.

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

Click here to read the full article.

April 26th, 2014 @ 6:51 pm by The Geek

Click here to read the full article.

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 AUD/USD forecast we noted that the currency pair remained in the long term bullish channel. If bullish momentum returned, 0.9450 remained the immediate strong resistance to be conquered. Only after clearing it could we consider 0.96.

As for any bearish pressure that might continue, 0.9280 stood ready as a possible support. 0.9150 and 0.9050 remained as extended supports for us to keep in mind for our trading plans.

20140427-005239.jpg

Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair continued on its bearish slide and is now resting right below the 0.9280 support as mentioned.

It is crucial to see if the AUD/USD manages to break clear away from the support. If so, we may expect a bearish target of 0.9150 and 0.9050.

Again if bullish momentum returns, we may expect a bullish target of 0.9450 followed by 0.96.

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

Click here to read the full article.

April 25th, 2014 @ 3:18 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast        

The EURUSD had another insignificant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3780 – 1.3850. A clear break below 1.3780 could trigger further bearish pressure testing 1.3750 – 1.3700. On the other hand,  a clear break above 1.3850 could trigger further bullish pressure testing 1.3900 before challenging 1.4000. The ascending triangle bullish scenario on daily chart remains valid and I still prefer a bullish scenario at this phase.

eurusdhourly

Click here to read the full article.

April 25th, 2014 @ 3:14 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast

The GBPUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Immediate support is seen around 1.6750 followed by 1.6700. On the upside, we need a clear break above 1.6820 to continue the bullish scenario testing 1.6850 – 1.6900. Overall I still prefer a bullish scenario at this phase.

gbpusddaily

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