Forex Academy Quick Links:
Language:
English

2017 April

April 12th, 2017 @ 1:35 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. The bias is neutral in nearest term. Overall price is still in a short-term bearish phase after a false break above 1.0873 two weeks ago, but needs a clear break below the trend line support as you can see on my H4 below to continue the bearish phase testing 1.0500. Immediate support is seen around 1.0575. A clear break below that area could trigger further bearish pressure testing 1.500 region. Immediate resistance is seen around 1.0630. A clear break above that area could trigger further bullish pressure testing 1.0700 area. Overall I remain neutral.

eurusdh4

Click here to read the full article.

April 12th, 2017 @ 1:28 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2494. The bearish scenario after broke below the triangle formation is no longer valid and price is now traded back above the H1 EMA 200 as you can see on my H1 chart below suggests a potential bullish outlook. The bias is bullish in nearest term retesting 1.2615. Immediate support is seen around 1.2450. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.

gbpusdh1

Click here to read the full article.

April 12th, 2017 @ 1:19 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had a significant bearish momentum yesterday, broke below 110.10 key support and hit 109.34 earlier today in Asian session. The bias is bearish in nearest term testing 108.50 area. Immediate resistance is seen around 110.10. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. I am bearish on this pair.

usdjpydaily

Click here to read the full article.

April 12th, 2017 @ 1:17 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term but price is still in a bullish phase with key support seen at 1.0060 – 1.0020 region targeting 1.0170 area. A clear break back below 1.0020 (H4 EMA 200) would interrupt the bullish phase started from 0.9813. On the upside, a clear break and daily close above 1.0170 would expose 1.0250 or higher. Overall I remain neutral.

usdchfh4

Click here to read the full article.

April 11th, 2017 @ 10:20 pm by Muhammad Azeem

Click here to read the full article.

4-12-2017 2-59-46 AMTrend is bullish in GBP/USD currency pair in 15 minutes time frame. Short term support is present at 1.2403 price level. Based on Elliott wave analysis, I expect price action to drop to print a corrective Wave iv leg.

A good idea is to wait for a bearish pull back in price action and then look for a buy trade in GBP/USD currency pair. However; if price breaks below 1.2403 support level then up trend is going to end. In such case, I would prefer to stay out of the market and re-analyze the price action in GBP/USD 15 minutes chart.

Click here to read the full article.

April 11th, 2017 @ 1:40 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bearish phase since the false break above 1.0873 key resistance two weeks ago but as you can see on my H4 chart below price respecting a trend line support which is a good place to buy with a tight stop loss as a clear break below the trend line support and 1.0570 area would expose 1.0500 region. Immediate resistance is seen around 1.0620. A clear break above that area could trigger further bullish pressure testing 1.0700 region. On the downside, a clear break and daily close below 1.0500 would expose 1.0350 area. Overall I remain neutral.

eurusdh4

Click here to read the full article.

April 11th, 2017 @ 1:30 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD failed to continue its bearish momentum yesterday topped at 1.2428. The bias is neutral in nearest term. The bearish outlook after broke below the triangle (see my H1 chart below) remains valid with 1.2450 as key resistance (H1 EMA 200). A clear break above that area would nullify the bearish scenario testing 1.2500 region. Immediate support is seen around 1.2375. A clear break below that area would expose 1.2300 region. Overall I remain neutral.

gbpusdh1

Click here to read the full article.

April 11th, 2017 @ 1:23 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 111.57 but closed lower back below 111.30 key resistance and hit 110.62 earlier today in Asian session. The bias is neutral in nearest term probably with a little bearish bias testing 110.10 key support which is a good place to buy with a tight stop loss as a clear break and daily close below that area could trigger further bearish pressure testing 108.50 region. On the upside, 111.30 remains a key resistance. Any sustained movement above that level could trigger further bullish pressure testing 112.00 or higher.

usdjpydaily

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