Forex Academy Quick Links:
Language:
English

2018 October

October 31st, 2018 @ 4:48 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD had a bearish momentum yesterday bottomed at 1.1340. The bias is bearish in nearest term testing 1.1300 key support area which is a good place to buy. The last time price hit 1.1300 area on August, it bounced 500 pips to 1.1815 on September. That being said, a clear break and daily close below 1.1300 would expose 1.1200 – 1.1100 region this week. Immediate resistance is seen around 1.1360 – 1.1385 area. A clear break above that area could lead price to neutral zone in nearest term testing 1.1430 region or higher.

eurusddaily

Click here to read the full article.

October 31st, 2018 @ 4:46 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday broke below 1.2800 support area, bottomed at 1.2695. The bias is bearish in nearest term testing 1.2660 region. Immediate resistance is seen around 1.2780 – 1.2800 region. A clear break back above that area could lead price to neutral zone in nearest term but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.2660 would expose 1.2600 – 1.2500 region this week.

gbpusddaily

Click here to read the full article.

October 31st, 2018 @ 4:45 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 113.11 and hit 113.32 earlier today in Asian session after bounces from the trend line support as you can see on my daily chart below. The bias remains bullish in nearest term testing 114.00 – 114.70 key resistance area. Immediate support is seen around 112.70 area. A clear break below that area could lead price to neutral zone in nearest term testing 112.20 area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

usdjpydaily

Click here to read the full article.

October 31st, 2018 @ 4:41 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF continued its bullish momentum yesterday topped at 1.0052 and hit 1.0057 earlier today in Asian session. The bias remains bullish in nearest term but note that 1.0055/68 area remains a key resistance and good place to sell with a tight stop loss as a clear break and daily close above that area would expose 1.0175 or higher. Immediate support is seen around 1.0010. A clear break below that area could lead price to neutral zone in nearest term testing 0.9980 area.

usdchfh4

Click here to read the full article.

October 30th, 2018 @ 4:35 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD was indecisive yesterday. There are no changes in my technical outlook. Overall price is still in a bearish phase since rejected above the EMA 200 as you can see on my daily chart below but need a clear break below 1.1300 key support to resume the bearish run targeting 1.1200 – 1.1100 region this week. The bias is neutral in nearest term. Immediate resistance is seen around 1.1430. A clear break and daily close above that area could trigger further bullish pullback testing 1.1500 – 1.1530 region.

eurusddaily

Click here to read the full article.

October 30th, 2018 @ 4:34 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2853 but whipsawed to the downside and closed lower at 1.2792. The bias is bearish in nearest term but note that we need a clear break and consistent movement below 1.2800 support area to resume the bearish run targeting 1.2660 area this week. Immediate resistance is seen around 1.2865. A clear break above that area could lead price to neutral zone in nearest term testing 1.2925 region but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

gbpusddaily

Click here to read the full article.

October 30th, 2018 @ 4:32 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 112.56 and hit 112.71 earlier today in Asian session after a rejection below the trend line support as you can see on my daily chart below. The bias is bullish in nearest term testing 113.00 – 113.50 region. Immediate support is seen around 112.20 area. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay above the trend line support I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

usdjpydaily

Click here to read the full article.

October 30th, 2018 @ 4:29 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 1.0024. The bias is bullish in nearest term retesting 1.0055/68 key resistance area which is a good place to sell with a tight stop loss as a clear break above that area would expose 1.0175 or higher. Immediate support is seen around 1.0000. A clear break below that area could lead price to neutral zone in nearest term testing 0.9965 region but only a clear break back below 0.9910 would interrupt the bullish flag bullish outlook.

usdchfh4

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