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2016 August

August 22nd, 2016 @ 3:59 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum last week slipped below the trend line support but moved back above the trend line as you can see on my daily chart below. The bias is neutral in nearest term probably with a little bullish bias testing 0.9700/50 region. Immediate support is seen around 0.9600. A clear break below that area could trigger further bearish pressure testing 0.9550 or lower but any movement near 0.9450 support area is a good opportunity to buy. My major technical outlook remains neutral.

usdchfdaily

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August 22nd, 2016 @ 1:01 am by William Gilday

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Screen Shot 2016-08-22 at 06.33.53

Hello traders good to be back with you on this new week and we have to say today we have so little data to be released. I am expect a very slow trading day and If I was not working it would be a day off. Just a note Oil has closed above 80.00$ P/B after the cose on Friday. Today we look at the EURUSD as we do every Monday.

OK what are we looking at today The move to the downside happened already in Asia and we might have missed the bus, this is because Asia is reacting to U.S. close. So we need some kind of a pullback as now we are going to the 200 ema and we can not short here. The $ did regain some strength late on Friday. This looks like a very hard trade. We are looking to take profits at the price level of 1.1259. This trade is all about patience if the trade doies not happen do not force it as we are in the Low of summer trading.

Thank you traders and we will talk soon……William

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August 19th, 2016 @ 2:09 am by William Gilday

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Screen Shot 2016-08-19 at 07.37.11

Hello traders good to be with you on this Friday August 19th… Weekend break ahead. Traders just a note oil is now above 48.00$ P/B so we will keep an eye on that. We had a U.S. close all markets in the green. Well today the daya to be released is very minimal the busy one is the CAD with releases in the U.S. session high impact other than that nothing for today all technical. OK traders we are looking at the GBPUSD because it had a small profitable run to the upside with some good data released this week. I am now looking to sell this pair as I am bearing bias. So we look at the chart and we are at resistance and I am looking for the sell trade to work out. Patience is the rule on this trade. I am looking to enter after a bearish candle formation at the price of 1.3162 or just a little lower. I am looking to take profit at the support zone of the 200 ema at the price of 1.3041.

Thank You Traders and we will talk soon after our weekend break….William

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August 19th, 2016 @ 1:14 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.1366. The bias remains bullish in nearest term testing 1.1400 – 1.1450 area as a part of the bullish scenario after broke above the trend line resistance as you can see on my daily chart below. Immediate support is seen around 1.1300. A clear break below that area could lead price to neutral zone in nearest term testing 1.1250 area. On the upside, a clear break and daily/weekly close above 1.1400 – 1.1450 would expose 1.1615 region next week. My major technical outlook remains neutral.

eurusddaily

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August 19th, 2016 @ 1:08 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.3172 and hit 1.3184 earlier today in Asian session. The bias remains bullish in nearest term testing 1.3230/50 region. Immediate support is seen around 1.3100. A clear break below that area could lead price to neutral zone in nearest term testing 1.3050 or lower. On the upside, a clear break and daily/weekly close above 1.3250 would expose 1.3500 next week.

gbpusdh4

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August 19th, 2016 @ 12:55 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a moderate bearish momentum yesterday bottomed at 99.64 but traded higher earlier today in Asian session hit 100.32. The bias is neutral in nearest term probably with a little bullish bias testing 100.70 – 101.15 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, key support is seen around 99.50. A clear break and daily/weekly close below that area would expose 98.00 region or lower next week.

usdjpyhourly

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August 19th, 2016 @ 12:44 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday broke below the trend line support as you can see on my daily chart below, suggests a bearish outlook. The bias remains bearish in nearest term testing 0.9450. Immediate resistance is seen around 0.9600. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. My major technical outlook remains neutral.

usdchfdaily

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August 18th, 2016 @ 2:34 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday but overall still able to maintain its bullish bias after broke above the trend line resistance as you can see on my daily chart below. The bias remains bullish in nearest term testing 1.1400. Immediate support is seen around 1.1280/50 area. A clear break and daily close back below that area would give the bearish scenario another chance testing 1.1165 or lower. My major technical outlook is neutral.

eurusddaily

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