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2017 April

April 7th, 2017 @ 1:00 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.0060 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.0025 followed by 0.9990. On the upside, a clear break and daily/weekly close above 1.0060 would continue the bullish phase with nearest target seen at 1.0120. Fundamental focus today will be on the US NFP. Overall I remain neutral.

usdchfh4

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April 6th, 2017 @ 1:47 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Price has been moving sideways between 1.0635 – 1.0700 range area as you can see on my H1 chart below suggests a consolidation phase. That said, price is still in a bearish short-term trend after formed a “shooting star” formation on daily chart last week and broke below the trend line support as you can see on my H1 chart below, targeting 1.0600 region. Immediate resistance is seen around 1.0700. A clear break above that area could trigger further bullish pressure but only a clear break and daily close above 1.0750 would end the current bearish short-term bias. Fundamental focus will be on the US NFP on Friday. Overall I remain neutral.

eurusdhourly

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April 6th, 2017 @ 1:45 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD failed to continue its bearish momentum yesterday topped at 1.2497 and hit 1.2501 earlier today in Asian session. The bias is neutral in nearest term. As you can see on my H1 chart below, price is moving inside a triangle formation suggests a consolidation phase after a bullish run from 1.2108 on March 14. Price needs to break above the triangle (1.2525) to continue this bullish run retesting 1.2615 region. On the downside, the lower line of the triangle located around 1.2425 and 1.2375 are key supports at this phase. Fundamental focus will be on the US NFP on Friday. Overall I remain neutral.

gbpusdh1

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April 6th, 2017 @ 1:39 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher yesterday but whipsawed to the downside and closed lower at 110.67 after a rejection to break above 111.30 key resistance. The bias is bearish in nearest term but note that we need a clear break and daily close below 110.10 key support to establish a new and longer bearish trend with nearest target seen around 108.50 area. On the upside, a clear break and daily close back above 111.30 would expose 112.00 or higher. Fundamental focus will be on the US NFP on Friday.

usdjpydaily

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April 6th, 2017 @ 1:34 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 1.0076 but closed lower at 1.0049 and hit 1.0026 earlier today in Asian session. For me this is a false breakout above 1.0060 resistance. The bias is bearish in nearest term testing 0.9990. On the upside, any sustained movement above 1.0060 would expose 1.0120 or higher. Fundamental focus will be on the US NFP on Friday. Overall I remain neutral.

usdchfh4

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April 5th, 2017 @ 6:30 am by William Gilday

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Screen Shot 2017-04-05 at 07.07.34

Hello traders and good to be back with you today. I am looking at the EURUSD for a possible sell trade as we can see on the chart we are at resistance. I have placed a trend line on the chart and I am looking for this to break the trend line and a possible retest. I would like to enter this trade at the price level of 1.4090 just below the 1.4100 level. we have some nice wide open space to start the trade and I would like this to move down. I would like to take profit at the support take profit zone of 1.4010 for a nice 80 pip profit if this works out for us today. Data is moderate so we really have a technical trading day.

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

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April 5th, 2017 @ 12:39 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. The bias is neutral in nearest term probably with a little bullish bias but as long as stay below 1.0750 price is still in a bearish phase as a part of the “shooting star” bearish scenario (daily chart) targeting 1.0600 region. A clear break and daily close below that area would expose 1.0500 area. On the upside, a clear break and daily close above 1.0750 would expose 1.0825/73 area. 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.

eurusdhourly

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April 5th, 2017 @ 12:37 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2419. As you can see on my H1 chart below price broke below the bullish channel and moved back below the H1 EMA 200 suggests a potential short-term bearish view. The bias remains bearish in nearest term testing 1.2375. A clear break and daily close below that area would expose 1.2300 or lower. Immediate resistance is seen around 1.2470. A clear break above that area could lead price to neutral zone in nearest term testing 1.2515 area. 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.

gbpusdh1

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