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2016 August

August 25th, 2016 @ 2:16 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its intraday bullish bias, topped at 1.3272. Price slipped above H4 EMA 200 as you can see on my H4 chart below suggests a bullish condition. The bias remains bullish in nearest term testing 1.3300 – 1.3370 but as long as stay below 1.3500 my major technical outlook remains bearish. Immediate support is seen around 1.3215. A clear break below that area could lead price to neutral zone in nearest term testing 1.3150 area.

gbpusdh4

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August 25th, 2016 @ 2:13 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias. Immediate support remains around 99.95. A clear break below that area could trigger further bearish pressure testing 99.50 key support. Immediate resistance remains around 100.60. A clear break above that area could trigger further bullish pressure testing 101.15 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

usdjpyhourly

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August 25th, 2016 @ 2:09 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9683. The bias is bullish in nearest term testing 0.9750 region. Immediate support is seen around 0.9650. A clear break below that area could lead price to neutral zone in nearest term testing 0.9600 or lower. My major technical outlook remains neutral.

usdchfdaily

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August 24th, 2016 @ 1:07 am by William Gilday

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Screen Shot 2016-08-24 at 06.46.01

Hello traders and good to be back with you on this Wednesday. Traders just a couple of notes U.S session has housing starts and very good numbers. Oil stays just above is 48.00$ P/B. We have some data today so please watch your calendar closely today.

OK the currency pair we are looking at is the AUDUSD. Well look at this chart and yes my Bias is bearish and continues the trend. So what we are looking for and that is a pullback to an entry we can work with. I am looking at this and at the price level of 1.7649 with a bearish candle formation for the sell entry. I am looking to take profit at the support zone at the price level of 0.7587. This is a basic trade plan and we just have to be patient for price to give us that entry.

Thank you traders and we will talk soon….William

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August 23rd, 2016 @ 11:47 pm by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1355 but closed lower at 1.1304. The bias is neutral in nearest term. Immediate support is seen around 1.1270/50. A clear break and daily close below that area could trigger further bearish pressure testing 1.1200 – 1.1180 region. Immediate resistance is seen around 1.1355 followed by 1.1400. A clear break and daily close above 1.1400 would expose 1.1615 as a part of the bullish scenario after broke above the trend line resistance. My major technical outlook remains neutral.

eurusddaily

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August 23rd, 2016 @ 11:42 pm by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.3210. The bias remains bullish in nearest term. As you can see on my H4 chart below price is testing the H4 EMA 200 located around 1.3215 which is a good place to sell with a tight stop loss. A clear break above that area could trigger further bullish pullback testing 1.3300 region but overall as long as stay below 1.3500 I remain bearish. Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term testing 1.3100 region or lower.

gbpusdh4

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August 23rd, 2016 @ 11:40 pm by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 99.95. A clear break below that area could trigger further bearish pressure testing 99.50 key support. Immediate resistance is seen around 100.60. A clear break above that area could trigger further bullish pressure testing 101.15 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

usdjpyhourly

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August 23rd, 2016 @ 11:37 pm by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another indecisive movement yesterday. As you can see on my daily chart below price has been moving sideways without clear direction. The bias is neutral in nearest term. Immediate support remains around 0.9600 – 0.9595. A clear break below that area could trigger further bearish pressure testing 0.9550 – 0.9500 but any movement near 0.9450 support area is a good opportunity to buy. Immediate resistance remains around 0.9650. A clear break and daily close above that area could trigger further bullish pressure testing 0.9700 – 0.9750 region. My major technical outlook remains neutral.

usdchfdaily

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