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2014 April

April 9th, 2014 @ 3:41 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a strong bearish momentum yesterday bottomed at 101.54. The bias is bearish in nearest term testing 101.00. Immediate resistance is seen around 102.50. A clear break above that area could lead price to neutral zone in nearest term testing 103.00. As long as stays above the trend line support, my overal technical outlook remains bullish.

usdjpydaily

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April 9th, 2014 @ 3:37 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF continued its bearish momentum yesterday bottomed at 0.8823. The bias is bearish in nearest term testing 0.8775. Immediate resistanceis seen around 0.8870 – 0.8900. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.

usdchfhourly

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April 7th, 2014 @ 2:33 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD had another indecisive movement last week but overall keeps making lower lows and highs on weekly chart since failed to make a clear break above the ascending triangle. The bias is neutral in nearest term probably with a little bearish bias testing 1.3650 support area, but key support is seen around 1.3580. Immediate resistance is seen around  1.3760 followed by 1.3820.

eurusddaily

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April 7th, 2014 @ 2:30 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD failed to continue its bullish momentum last week. The bias is neutral in nearest term probably with a little bearish bias testing 1.6450 support area. Immediate resistance is seen around 1.6605. A clear break above that area could trigger further bullish pressure testing 1.6650 – 1.6700. My overall technical outlook remains neutral.

gbpusddaily

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April 7th, 2014 @ 2:27 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY attempted to push higher last week topped at 104.11 but closed lower at 103.31. The bias is neutral in nearest term. Immediate support is seen around 103.00. A clear break below that area could trigger further bearish pressure testing 102.50 or lower. Immediate resistance is seen around 103.50. A clear break above that area could trigger further bullish pressure testing 104.11 or higher. As long as stays above the trend line support my overall technical outlook remains bullish.

usdjpydaily

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April 7th, 2014 @ 2:23 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive last week but overall still making higher lows and highs on weekly chart. The bias is neutral in nearest term probably with a little bullish bias testing 0.8950 or higher. Immediate support is seen around 0.8900 – 0.8870. A clear break below that area could trigger further bearish pressure testing 0.8820 or lower.

usdchfhourly

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April 6th, 2014 @ 2:30 pm by The Geek

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Good day forex traders and readers.

In the previous EUR/USD forecast we noted that the currency pair stayed below the 1.38 resistance level. There seemed to be an immediate support at the 1.3720 level. Any further bearish momentum would likely see supportive action around 1.36, 1.365, 1.368.

20140406-184725.jpg

Technical Analysis

Looking at the EUR/USD daily chart above we note that the currency pair tried to overcome the resistance of 1.38 but it failed midweek and started a bearish drop. It is now testing the support region of 1.365 / 1.368.

Should the bearish momentum continue to pick up and overcome 1.368, we may be looking at a test of 1.36 and 1.3520.

Any bullish recovery will need to take down 1.3750 and 1.38. An extended bullish target may be 1.3850.

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 5th, 2014 @ 1:33 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 broke out of the 0.9140 channel mentioned in previous reviews and tested the resistance of 0.93 as expected. While the currency pair had since eased, the AUD/USD might test 0.93 again and should it fall, we might expect an immediate resistance at 0.938 followed by an extended bullish target of 0.95.

20140405-192255.jpg

Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair was bullish for the week although the momentum was not as strong as the week before.

I had switched to a weekly chart for this forecast as I wanted to provide a greater overview for the AUD/USD. As observed above, we are now at a significant support and resistance region of 0.92880. Should the bullish momentum continue, we may see a test of 0.9450 followed by 0.96.

Should bearish momentum return, we may expect a test of 0.9050. Do keep in mind of the immediate support of 0.9140.

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.

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