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2016 August

August 15th, 2016 @ 12:22 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher last week topped at 1.1221 but closed a little bit lower at 1.1165. The bias is neutral in nearest term. Immediate support is seen around 1.1135. A clear break below that area could trigger further bearish pressure testing 1.1050 region. On the upside, key resistance is seen around the trend line resistance and 1.1250 – 1.1300 region which remains a good place to sell. As long as stay below the trend line resistance I still prefer a bearish scenario and any upside pullback should be seen as a good opportunity to sell.

eurusddaily

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August 15th, 2016 @ 12:16 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bearish momentum last week bottomed at 1.2903. The bias remains bearish in nearest term retesting 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.

gbpusdh4

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August 15th, 2016 @ 12:08 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive last week but overall still able to maintain its bearish bias. As you can see on my H1 chart below price has been moving sideways between 100.70 – 102.80. The bias is neutral in nearest term. Immediate resistance is seen around 101.75. A clear break above that area could trigger further bullish pressure testing 102.25 – 102.80 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

usdjpyhourly

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August 15th, 2016 @ 12:05 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive last week. The bias is neutral in nearest term. Immediate support is seen around 0.9708. 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

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August 12th, 2016 @ 2:32 am by William Gilday

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Screen Shot 2016-08-12 at 06.49.22

Hello traders good to be with you as we are at Friday and we have a busy trading day ahead, and looking for the weekend break. First just a note Oil has come back above the 43.00$ P/B so we will watch that today.

OK today we take a look at the GBPUSD and I have to say my bias is bearish and I am just waiting for a good price to enter this trade. Price is now sitting at the daily pivot point and I am looking for a pullback to the price level of 1.2995 and a bearish candle formation with conformation and I will enter a short position. I would have no issue with keeping this trade over the weekend as there is no events. I am looking to take profit at the support zone of 1.2941 for a nice trade.

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

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August 12th, 2016 @ 1:27 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.1135. The bias is neutral in nearest term probably with a little bearish bias testing 1.1070/50 support area. A clear break and daily/weekly close below that area would expose 1.0910 region next week. Immediate resistance is seen around 1.1200 but key resistance remains around the trend line resistance and 1.1250 – 1.1300 region which remains a good place to sell.

eurusddaily

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August 12th, 2016 @ 1:19 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a moderate bearish momentum yesterday bottomed at 1.2935. The bias is bearish in nearest term testing 1.2850 – 1.2790 area. Immediate resistance is seen around 1.3000. A clear break above that area could lead price to neutral zone in nearest term testing 1.3050 – 1.3100 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

gbpusdh4

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August 12th, 2016 @ 1:16 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bearish momentum yesterday topped at 102.05 and hit 102.20 earlier today. The bias is bullish in nearest term testing 102.80 which is a good place to sell with a tight stop loss. Immediate support is seen around 101.70. A clear break below that area could lead price to neutral zone in nearest term testing 101.00 area. Overall I remain bearish.

usdjpyhourly

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