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2015 August

August 31st, 2015 @ 11:58 pm by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.5338. The bias is bearish in nearest term testing 1.5300. A clear break below that area could trigger further bearish pressure testing 1.5250 or lower. Immediate resistance is seen around 1.5440. A clear break above that area could lead price to neutral zone in nearest term but overall I remain bearish with medium term target seen around 1.5170 region. Potential daily range today is seen between 1.5300 – 1.5440.

gbpusdh4

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August 31st, 2015 @ 11:53 pm by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Potential daily range today remains between 120.40 – 121.80. We need a clear break from that range area to see clearer direction. I prefer to stand aside for now. Aggressive traders may buy around 120.40 or sell around 121.80 with a tight stop loss.

usdjpyhourly

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August 31st, 2015 @ 11:46 pm by Setyo Wibowo

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USDCHF Forecast
The USDCHF didn’t make significant movement yesterday. The bias remains neutral in nearest term. Price slipped above 0.9670 but still unable to stay consistently above that area so far. Immediate support is seen around 0.9635. A clear break below that area could trigger further bearish pressure testing 0.9600 – 0.9550 area. On the upside, a clear break and consistent movement above 0.9670 could trigger further bullish pressure testing 0.9750 or higher. Potential daily range today remains between 0.9550 – 0.9670. My major technical outlook remains neutral.

usdchfhourly

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August 31st, 2015 @ 11:20 pm by Muhammad Azeem

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eur-jpyTrend is sideways in daily time frame of EUR/JPY currency pair. Based on Elliott wave analysis current price action looks a possible bullish triangle pattern. A good idea is to stay on the side lines and wait for a bullish or bearish break out. Next, look for a trade in the favour of market break out in daily chart of EUR/JPY currency pair.

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August 31st, 2015 @ 3:29 am by William Gilday

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Screen Shot 2015-08-31 at 07.20.03

Hello traders welcome back to a new trading week. Traders today I have to say the charts look ok, however there is no data today to move price action so this is going to be a total technical trading day and London is closed today. We have some good trade plans however being Monday and the EURO session closed today could be a very slow day, no data in Asia.OK so let us take a look at EURUSD- This is the 30 Minute chart. Today we are going to keep with the trend. We arelooking for a simple trade plan we want this to come back to the resistance zone at price level 1.1298 where we have the R2 also at that zone. I will be looking to take profit at the support area of 1.1179 as shown on the chart. There are not many pips in this trade if it continues just follow the trade down. Thanks TraderS Talk Soon …. William

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August 31st, 2015 @ 1:24 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher last week topped at 1.1712 but whipsawed to the downside and closed lower at 1.1184 in a high volatile market. Price traded a little bit higher earlier today hit 1.1226. The bias is neutral in nearest term. My overall technical outlook is neutral, but the false breakout above the daily EMA 200 last week could create a bearish scenario especially if price able to move consistently below 1.1300 targeting 1.1000 area. Potential daily range today is seen between 1.1150 – 1.1300.

eurusdhourly

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August 31st, 2015 @ 1:20 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum last week bottomed at 1.5334 but traded higher earlier today hit 1.5422. The bias is neutral in nearest term but overall I still prefer a bearish scenario at this phase with nearest target seen around 1.5300. Immediate resistance is seen around 1.5500. A clear break above that area could trigger further bullish pressure testing 1.5550 region. Potential daily range today is seen between 1.5300 – 1.5500.

gbpusdh4

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August 31st, 2015 @ 1:18 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower last week bottomed at 116.07 but whipsawed to the upside and closed higher at 121.57 in a high volatile market. The bias is neutral in nearest term probably with a little bearish bias testing 120.40 support area. Immediate resistance is seen around 121.80. A clear break above that area could trigger further bullish pressure testing 122.50 or higher. Potential daily range today is seen between 120.40 – 121.80.

usdjpyhourly

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