Forex Academy Quick Links:
Language:
English

2016 August

August 17th, 2016 @ 1:17 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF had a strong bearish momentum yesterday and now struggling around the trend line support and 0.9600 region as you can see on my daily chart below, which is a good place to buy with a tight stop loss. The bias is bearish in nearest term. Immediate resistance is seen around 0.9650. A clear break above that area could lead price to neutral zone in nearest term testing 0.9700 or higher. On the downside, a clear break and daily close below 0.9600 could trigger further bearish pressure testing 0.9500 – 0.9450 region. My major technical outlook remains neutral.

usdchfdaily

Click here to read the full article.

August 16th, 2016 @ 8:56 pm by Muhammad Azeem

Click here to read the full article.

gbp-usd-4hTrend is bullish in GBP/USD currency pair, 4 hour time frame. As I have suggested past week during my daily Live trading room session, market is rising up on a short term basis to complete bullish Wave C leg which is part of a larger version of a bullish Zig Zag pattern and traders should look for a long trade.  So, all those Forex traders who have followed the analysis have made the right decision as the price has ascended. Strong key support level is present at 1.2797 price level.

 

Be sure to check out daily Forex market updates via Live Trading Room. In my judgement, price action in GBP/USD is now going to rise up more towards 1.4270 price level to complete bullish Wave C leg, in coming trading days.

 

Currently; bullish Zig Zag pattern looks in-complete and price action offers a possible Buy trade setup to join an up trend. However; if price of GBP/USD currency pair breaks below 1.2797 critical support level then I might like to stay out of the market and re-examine the four hours chart of GBP/USD currency pair.

Click here to read the full article.

August 16th, 2016 @ 8:28 am by William Gilday

Click here to read the full article.

Screen Shot 2016-08-16 at 15.17.40

Hello traders today just a note as we have data in all three sessions. As this is being done today in the European session. Take note as Oil remains bullish will we hit the 50.00P/B again ?. I have placed the 120 USDJPY chart today and we can see how bearish this pair has been for a long time. I have placed two Fibonacci tools on the chart the Bigger and the latest swing. So if we were going to take the short trade I would say we need a strong pullback to the 200 ema. This is at the price level of 102.85. This would be a nice entry as I do think that we can move another level down to the 100.30 for a nice profit. Traders be alert as we are in the slow of the summer for the next two weeks and we get some more volatility in the market….

Thank you traders and we will talk soon……..William

Click here to read the full article.

August 16th, 2016 @ 3:49 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term but overall I still prefer a bearish scenario. Immediate support remains around 1.1135. A clear break below that area could trigger further bearish pressure testing 1.1050 region. On the upside, the trend line resistance and 1.1250 area remains a key resistance and a good place to sell with a tight stop loss.

eurusddaily

Click here to read the full article.

August 16th, 2016 @ 3:37 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2865. The bias remains bearish in nearest term testing 1.2790. Immediate resistance is seen around 1.2950. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 or higher but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.2790 could trigger further bearish pressure testing 1.2700 – 1.2650 region.

gbpusdh4

Click here to read the full article.

August 16th, 2016 @ 3:25 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias and slipped below 100.70 earlier today. The bias is bearish in nearest term testing 100.00. Immediate resistance is seen around 101.00. A clear break above that area could lead price to neutral zone in nearest term testing 101.50 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

usdjpyhourly

Click here to read the full article.

August 16th, 2016 @ 3:20 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Immediate support is seen around 0.9700. A clear break below that area could trigger further bearish pressure testing the trend line support and 0.9600 region which remains a good place to buy. Immediate resistance is seen around 0.9765. A clear break above that area could trigger further bullish pressure testing 0.9800 – 0.9850 region. My major technical outlook remains neutral.

usdchfdaily

Click here to read the full article.

August 15th, 2016 @ 2:58 am by William Gilday

Click here to read the full article.

Screen Shot 2016-08-15 at 07.44.43

Hello traders just a note to consider we have Oil back above 44.00$ P/B we will keep an close eye on that today. OK today as we do every day we take a look at the EURUSD currency pair. As we look at the chart we see the big move to the upside and for the rest of the U.S. it gave back all of it’s gains and now in the Asian session is where it was before that data was released. So today qe are looking to stay with the trend and my bias to the sell side. I am look to see a pullback to the Fibonacci level 0f the 61.8 at the price of 1.1185. Than we will just look for a bearish formation and sell this pair patience is the key for today’s trading. I am looking to take profit at the support of the 200 ema at the price level of 1.1145.

Thank You traders and we will talk soon…….William

Click here to read the full article.

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Blog Archive

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory