Forex Academy Quick Links:
Language:
English

2018 July

July 31st, 2018 @ 2:37 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1718. The bias is bullish in nearest term testing the upper line of the triangle formation and 1.1725 – 1.1750 region which is a good area to sell with a tight stop loss. Immediate support is seen around 1.1680. A clear break below that area could lead price to neutral zone in nearest term testing 1.1650 region or lower. On the upside, a clear break and daily close above 1.1750 would be a serious threat to the major bearish trend testing 1.1850 area.

Click here to read the full article.

July 31st, 2018 @ 2:34 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Price is traded around the upper line of the bearish channel as you can see on my H4 chart below which is a good area to sell with a tight stop loss above 1.3215. Immediate support is seen around 1.3070. A clear break below that area could trigger further bearish pressure retesting 1.3000 psychological support area which remains a good place to buy with a tight stop loss as a clear break below that level would resume the major bearish trend testing 1.2750 region.

Click here to read the full article.

July 31st, 2018 @ 2:33 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. There are no changes in my technical outlook. Price has been moving back and forth in a 100-pip range area since last week. The bias remains neutral in nearest term. The inside bar bearish scenario triggered by a move below 110.75 remains valid and can only be invalidated by a move above 111.55, with nearest bearish target seen around 110.00 region.

Click here to read the full article.

July 31st, 2018 @ 2:28 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF had a bearish momentum yesterday fell below a trend line support as you can see on my H4 chart below, bottomed at 0.9877 and hit 0.9872 earlier today in Asian session. The bias is bearish in nearest term testing 0.9855/35 region but key support remains around 0.9785. Immediate resistance is seen around 0.9910. A clear break above that area could lead price to neutral zone in nearest term testing 0.9950 area. Overall price is still trapped inside a range area between 1.0055 – 0.9785 and we need a clear break from that range area to see clearer direction.

Click here to read the full article.

July 30th, 2018 @ 5:03 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD had a bearish momentum last week bottomed at 1.1620. However, price is still trapped inside the triangle formation as you can see on my H4 chart below and we need a clear break from the triangle to see clearer direction. The bias is neutral in nearest term. Immediate resistance is seen around 1.1675. A clear break above that area could trigger further bullish pressure retesting the upper line of the triangle located around 1.1730/50 area which is a good place to sell with a tight stop loss. Immediate support is seen around the lower line of the triangle and 1.1600 – 1.1575 support area. A clear break below that area would retest 1.1500 key support which need to be clearly broken to the downside to resume the major bearish trend.

Click here to read the full article.

July 30th, 2018 @ 5:02 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD didn’t make significant movement last week but overall still able to maintain its major bearish trend following a false break above the bearish channel as you can see on my H4 chart below. The bias is neutral in nearest term. Immediate support is seen around 1.3070. A clear break below that area could trigger further bearish pressure retesting 1.3000 psychological level which remains a good place to buy. Immediate resistance is seen around 1.3160. A clear break above that area would retest the EMA 200 located around 1.3215 area.

Click here to read the full article.

July 30th, 2018 @ 5:01 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY was indecisive last week but overall still able to maintain its bearish phase following a failure to break above 113.00 level as you can see on my daily chart below. The bias is neutral in nearest term. The inside bar bearish scenario triggered by a move below 110.75 also remains valid and can only be invalidated by a move above 111.55, with nearest bearish target seen around 110.00 region.

Click here to read the full article.

July 30th, 2018 @ 4:59 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF was indecisive last week. The bias is neutral in nearest term probably with a little bearish bias testing 0.9900 region. Immediate resistance is seen around 0.9975. A clear break above that area would retest 1.0055 key resistance area which remains a good place to sell with a tight stop loss. Overall price is still trapped inside a range area between 1.0055 – 0.9785 and we need a clear break from that range area to see clearer direction.

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