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2017 April

April 5th, 2017 @ 12:33 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 110.26 but closed higher at 110.73. Price formed another “hammer” formation after a rejection to break below 110.10 key support as you can see on my daily chart below suggests an intense struggle between buyers and sellers around that key level. The bias is neutral in nearest term probably with a little bullish bias testing 111.30. A clear break and daily close back above that area would expose 112.00 or higher. On the downside, a clear break and daily close below 110.10 would expose 108.50 region this week and establish a longer term bearish trend with 111.30 – 112.00 as key resistance. Fundamental focus this week will be on the FOMC meeting minutes and US NFP number which expected to be a catalyst to move the market.

usdjpydaily

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April 5th, 2017 @ 12:26 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.0060. A clear break and daily close above that area would expose 1.0120 or higher. Immediate support is seen around 0.9990. A clear break and daily close below that area would expose 0.9950 or lower. Fundamental focus this week will be on the FOMC meeting minutes and US NFP number which expected to be a catalyst to move the market.Overall I remain neutral.

usdchfh4

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April 4th, 2017 @ 1:09 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.0600 area. Immediate resistance remains at 1.0700. A clear break above that area could lead price to neutral zone in nearest term but only a clear break back above 1.0750 would interrupt the current short-term bearish bias following the appearance of a “shooting star” formation on daily chart last week. On the downside, a clear break and daily close below 1.0600 would expose 1.0500 this week. Overall I remain neutral.

eurusdhourly

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April 4th, 2017 @ 1:07 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.2465. The bias is bearish in nearest term testing the lower line of the bullish channel as you can see on my H1 chart below located around 1.2450 area. A clear break below that area would expose 1.2400 – 1.2375 region. Immediate resistance is seen around 1.2515/30 area. A clear break back above that area could lead price to neutral zone in nearest term but would keep the short-term bullish bias remains alive and kicking testing 1.2615 region. Overall I remain neutral.

gbpusdh1

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April 4th, 2017 @ 12:59 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 110.85 and hit 110.55 earlier today in Asian session. The bias is bearish in nearest term testing 110.10 key support. A clear break and daily close below that area would expose 108.50 region this week and establish a longer term bearish trend with 111.30 – 112.00 as key resistance. Immediate resistance is seen around 111.30. A clear break and daily close back above that area would keep the “hammer” bullish reversal scenario remains alive and kicking testing 112.00 or higher.

usdjpydaily

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April 4th, 2017 @ 12:54 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains bullish in nearest term testing 1.0060 but as you can see on my H4 chart below we have a CCI bearish divergence suggests a potential bearish pullback especially if price breaks below 0.9990 testing 0.9950 or lower. On the upside, a clear break and daily close above 1.0060 would expose 1.0120 or higher. Overall I remain neutral.

usdchfh4

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April 3rd, 2017 @ 2:05 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bearish momentum last week bottomed at 1.0651 after formed a “shooting star” formation on daily chart following a false break above 1.0873 key resistance. The bias is bearish in nearest term testing 1.0600 region. Immediate resistance is seen around 1.0700. A clear break above that area could lead price to neutral zone in nearest term testing 1.0750 but price is still in a valid short-term bearish trend and as long as stay below 1.0750 any upside pullback should be seen as a good opportunity to sell. On  the downside, a clear break and daily close below 1.0600 would expose 1.0500 region. Overall I remain neutral.

eurusdhourly

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April 3rd, 2017 @ 2:02 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push lower last week bottomed at 1.2375 but whipsawed to the upside and closed higher at 1.2553. As you can see on my H1 chart below price is moving back above the H1 EMA 200 and inside a bullish channel suggests a short-term bullish view. The bias is bullish in nearest term testing 1.2615 region. Immediate support is seen around 1.2520/00. A clear break below that area could lead price to neutral zone in nearest term testing 1.2450 area. Overall I remain neutral.

gbpusdh1

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