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2018 November

November 30th, 2018 @ 4:24 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a moderate bullish momentum yesterday topped at 1.1401 and slipped above the trend line resistance as you can see on my daily chart below. The bias remains bullish in nearest term testing 1.1430 area as a part of the bullish engulfing bullish scenario. A clear break and daily close above 1.1430 would target 1.1500 key resistance area. Immediate support is seen around 1.1350. A clear break below that area  could lead price to neutral zone in nearest term but could create another false breakout bearish scenario testing 1.1267 but key support remains at 1.1215.

eurusddaily

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November 30th, 2018 @ 4:23 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.2755. The bias is bearish in nearest term testing 1.2700 – 1.2660 key support area which remains a good place to buy with a tight stop loss as a clear break and daily close below 1.2660 could easily target 1.2500 region. Immediate resistance is seen around 1.2815. A clear break above that area could lead price to neutral zone in nearest term retesting 1.2875 key resistance area which remains a good place to sell. Important technical range to be closely watched is between 1.2875 – 1.2700.

gbpusddaily

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November 30th, 2018 @ 4:22 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 113.19 but closed a little bit higher at 113.47 in a slow market. The bias remains bearish in nearest term especially if price able to break below 113.15 testing 112.50 and the trend line support area which remains a good place to buy. Immediate resistance is seen around 113.68 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 114.20 – 114.70 key resistance area which remains a good place to sell.

usdjpydaily

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November 30th, 2018 @ 4:18 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF failed to continue its bearish momentum yesterday after rejected below 0.9910 key support area and hit 0.9966 earlier today in Asian session. The bias is neutral in nearest term probably with a little bullish bias testing 1.0000 region. A clear break and daily close above that area could retest 1.0095 key resistance area. On the downside, 0.9910 remains a key support which need to be clearly broken to the downside to resume the false breakout bearish scenario testing 0.9825 area.

usdchfdaily

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November 29th, 2018 @ 4:38 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a significant bullish momentum yesterday, topped at 1.1387. There are two important technical points. First, the bearish pin bar scenario is no longer valid. Secondly, we have a bullish engulfing pattern as you can see on my daily chart below, which is a serious threat to the bearish scenario. The bias is bullish in nearest term testing the trend line resistance and 1.1430 area. A clear break above 1.1430 would target 1.1500 key resistance area. Immediate support is seen around 1.1325. A clear break below that area could lead price to neutral zone in nearest term but only a clear break below 1.1267 would invalidate the bullish engulfing scenario retesting 1.1215 key support area.

eurusddaily

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November 29th, 2018 @ 4:37 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD failed to continue its bearish momentum yesterday, topped at 1.2847. The bias is bullish in nearest term testing 1.2875 resistance area which remains a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 1.3000 region. Immediate support is seen around 1.2795. A clear break below that area could lead price to neutral zone in nearest term testing 1.2750 region but key support remains at 1.2700 – 1.2660 area which remains a good place to buy with a tight stop loss as a clear break and daily close below 1.2660 would resume the major bearish trend targeting 1.2500 region.

gbpusddaily

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November 29th, 2018 @ 4:36 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday and traded lower earlier today in Asian session hit 113.26 after bullish momentum was rejected just below 114.20 – 114.70 key resistance area. The bias is bearish in nearest term testing 113.15/00 region. Immediate resistance is seen around 113.68 (current high). A clear break and daily close back above that area could lead price to neutral zone in nearest term retesting 114.20 – 114.70 key resistance area which remains a good place to sell. On the downside, a clear break and daily close below 113.15/00 would target the trend line support and 112.50/00 region which remains a good place to buy.

usdjpydaily

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November 29th, 2018 @ 4:33 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9925 and hit 0.9921 earlier today in Asian session. The bias is bearish in nearest term testing 0.9910 key support area. A clear break and daily close below that area would resume the false breakout bearish phase targeting 0.9825 area. Immediate resistance is seen around 0.9950. A clear break above that area could lead price to neutral zone in nearest term testing 0.9975 or higher.

usdchfdaily

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