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2017 April

April 20th, 2017 @ 2:29 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 109.17 but closed a little bit lower at 108.85. The bias is neutral in nearest term. Overall I remain bearish but need a clear break below 108.13 to continue the bearish scenario testing 107.50 or lower. Immediate resistance is seen around 109.40. A clear break above that area could trigger further bullish pressure testing 110.10 key resistance which is a good place to sell.

usdjpyhourly

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April 20th, 2017 @ 2:27 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 0.9880 before retesting 0.9813. Immediate resistance remains around 1.0020. A clear break and daily close back above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.

usdchfh4

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April 19th, 2017 @ 10:11 pm by Muhammad Azeem

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4-20-2017 3-05-16 AMTrend is bullish in EUR/USD currency pair fifteen minutes time frame. Short term support is present at 1.0671 price level. Based on Elliott wave analysis, we have got a bearish Corrective Zig Zag pattern at Wave 4 location. To me; this just a pull back in market as the trend remain up as long as price stays above 1.0671 support area.

So, a good idea is to look for a possible buy trading chance at Wave 4 location to join an uptrend. However; if price action drops below 1.0671 key support level then up trend will become in-valid. In such a market scenario, it would be best not to trade the market and re-analyze the EUR/USD 15 minutes chart.

 

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April 19th, 2017 @ 1:28 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.0736 after bounced off the trend line support as you can see on my H4 chart above and now traded above the H4 EMA 200. The bias is bullish in nearest term testing 1.0825 before retesting 1.0873 key resistance which remains a good place to sell with a tight stop loss. Immediate support is seen around 1.0700. A clear break below that area could lead price to neutral zone in nearest term testing 1.0650 region. Overall I remain neutral.

eurusdh4

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April 19th, 2017 @ 1:26 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD surged higher to 1.2903 yesterday and closed at 1.2841, just above the daily EMA 200 (1.2780) as you can see on my daily chart above. From a daily chart perspective, the movement above the daily EMA 200 following a double bottom formation at 1.2000 psychological level suggests a valid bullish scenario. The bias is bullish in nearest term testing 1.3000 – 1.3050 area. Immediate support is seen around 1.2780. A clear break and daily close back below that area would interrupt the bullish scenario and reactivate my neutral mode.

gbpusddaily

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April 19th, 2017 @ 1:25 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 108.31. This is a good sign for the bearish scenario, but note that as long as stay above 108.13, the hammer/pin bar bullish reversal warning remains valid. The bias is bearish in nearest term testing 108.13. A clear break below that area would expose 107.50 or lower. Immediate resistance is seen around 108.80. A clear break above that area could lead price to neutral zone in nearest term testing 109.20 area but key resistance remains at 110.10.

usdjpydaily

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April 19th, 2017 @ 1:23 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a significant bearish momentum yesterday bottomed at 0.9955. The bias is bearish in nearest term. Price fell below the H4 EMA 200 as you can see on my H4 chart above suggests a bearish outlook testing 0.9880 before retesting 0.9813. Immediate resistance is seen around 1.0020. A clear break and daily close back above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.

usdchfh4

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April 17th, 2017 @ 10:24 pm by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.0670 but closed a little bit lower at 1.0642. The pair is still traded in narrow range. The bias remains neutral in nearest term probably with a little bullish bias testing 1.0700 region. Price is still in a bearish phase since the false break above 1.0873 but still respecting the trend line support as you can see on my H4 chart above. Immediate support is seen around 1.0615 followed by 1.0575 which needs to be clearly broken to the downside to continue the bearish phase testing 1.0500 area. On the upside, a clear break and daily close back above 1.0700 would expose 1.0873 key resistance once again. Overall I remain neutral.

eurusdh4

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