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2014 April

April 14th, 2014 @ 3:47 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD had a bullish momentum last week topped at 1.3904 but closed a little bit lower at 1.3845. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase testing 1.4000 resistance area. Immediate support is seen around 1.3800. A clear break below that area could trigger further bearish pressure testing 1.3750 or lower.

eurusddaily

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April 14th, 2014 @ 3:44 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bullish momentum last week topped at 1.6819 but closed a little bit lower at 1.6727. Overall I remain bullish, but we need a clear break above 1.6820 to continue the bullish scenario. The bias is neutral in nearest term probably with a little bearish bias testing 1.6680 – 1.6625 support area. Immediate resistance is seen around 1.6750. A clear break above that area could trigger further bullish pressure testing 1.6820 key resistance area.

gbpusddaily

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April 14th, 2014 @ 3:41 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bearish momentum last week and now testing the trend line support and 100.80 key support area. The bias remains bearish in nearest term. Immediate resistance is seen around 102.10. A clear break above that area could lead price to neutral zone in nearest term testing 102.50. As long as stays above the trend line support, my overal technical outlook remains bullish.

usdjpydaily

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April 14th, 2014 @ 3:37 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF had a bearish momentum last week bottomed at 0.8742. The bias remains bearish in nearest term testing 0.8700 or lower. Immediate resistance is seen around 0.8815. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear but overall I prefer a bearish scenario at this phase.

usdchfhourly

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April 13th, 2014 @ 3:14 pm by The Geek

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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 tried to overcome the resistance of 1.38 but it failed midweek and started a bearish drop. It was testing the support region of 1.365 / 1.368. Should the bearish momentum continue to pick up and overcome 1.368, we might be looking at a test of 1.36 and 1.3520. Any bullish recovery would need to take down 1.3750 and 1.38. An extended bullish target might be 1.3850.

20140413-221914.jpg

Technical Analysis

I wanted to zoom out to a longer timeframe and see if we can derive any indication of trend. Looking at the EUR/USD weekly chart above, we note that the currency pair has been making higher lows for the past year. While the EUR/USD is definitely bullish from a long term point of view, we must note that it appears to be capped by 1.4 for now.

Continued bullish momentum is likely to target a test of the 1.4 strong resistance.

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.

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April 12th, 2014 @ 4:18 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 AUD/USD forecast we noted that the currency pair was bullish for the week although the momentum was not as strong as the week before. Should the bullish momentum continued, we might see a test of 0.9450 followed by 0.96. On the other hand if bearish momentum returned, we might expect a test of 0.9050. The Australian employment data would be a crucial factor.

20140412-234235.jpg

Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair was bullish for the week. It did attempt to break the resistance of 0.9450 but failed.

The immediate resistance is likely to be 0.9450 followed by an extended bullish target of 0.96.

Should bearish pressure return, the immediate support is likely to be 0.9280. After which we may expect a possible drop to 0.9150 followed by 0.9050.

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 11th, 2014 @ 3:33 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD continued its bullish momentum yesterday topped at 1.3898. The bias remains bullish in nearest term testing 1.3900 – 1.4000. Immediate support is seen around 1.3830. A clear break below that area could lead price to neutral zone in nearest term but overall I still prefer a bullish scenario at this phase.

eurusddaily

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April 11th, 2014 @ 3:29 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD failed to continue its bullish momentum yesterday but overall still able to maintain its bullish intraday bias. The bias remains bullish in nearest term testing 1.6850 or higher. Immediate support is seen around 1.6730. A clear break below that area could lead price to neutral zone in nearest term testing 1.6700 or lower but overall I still prefer a bullish scenario at this phase.

gbpusddaily

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