Forex Academy Quick Links:
Language:
English

Articles by Setyo Wibowo

December 12th, 2018 @ 4:19 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1400 but whipsawed to the downside and closed lower at 1.1316. The bias remains bearish in nearest term testing 1.1270 – 1.1215 key support area. Immediate resistance is seen around 1.1360. A clear break above that area could lead price to neutral zone in nearest term testing 1.1400 – 1.1450 region but as long as stay below 1.1500 I still prefer a bearish scenario at this phase.

eurusddaily

Click here to read the full article.

December 12th, 2018 @ 4:16 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2638 but whipsawed to the downside and closed below 1.2500. The bias remains bearish in nearest term testing 1.2450 – 1.2400 region. Immediate resistance is seen around 1.2580. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.2700 I remain bearish and any upside pullback should be seen as a good opportunity to sell.

gbpusddaily

Click here to read the full article.

December 12th, 2018 @ 4:13 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains bullish in nearest term testing 114.20 – 114.70 key resistance area which is a good place to sell with a tight stop loss as a clear break above 114.70 would resume the major bullish trend testing 115.50 – 116.15 region. Immediate support is seen around 113.00. A clear break below that area could lead price to neutral zone in nearest term testing 112.50 – 112.00 support area which remains a good place to buy with a tight stop loss below 111.50 (EMA 200) as a clear break and daily close below 111.50 would invalidate the major bullish trend.

usdjpydaily

Click here to read the full article.

December 12th, 2018 @ 4:09 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9862 but whipsawed to the upside and hit 0.9938 after bounced-off the daily EMA 200 as you can see on my daily chart below, located around 0.9860 area. The bias is bullish in nearest term testing 0.9970 – 1.0005 region. Immediate support is seen around 0.9900. A clear break below that area could lead price to neutral zone in nearest term retesting the daily EMA 200 which need to be clearly broken to the downside to resume the false breakout scenario (above 1.0095).

usdchfdaily

Click here to read the full article.

December 11th, 2018 @ 5:09 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1442 but whipsawed to the downside and closed lower at 1.1355. The bias is bearish in nearest term testing 1.1300 area. A clear break below that area would retest 1.1270 – 1.1215 key support area. Immediate resistance is seen around 1.1418. A clear break back above that area could lead price to neutral zone in nearest term but as long as stay below 1.1500 – 1.1550 key resistance I still prefer a bearish scenario at this phase.

eurusddaily

Click here to read the full article.

December 11th, 2018 @ 5:08 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had a strong and significant bearish momentum yesterday, broke below 1.2700 – 1.2660 key support area, closed at 1.2559. The bias is bearish in nearest term testing 1.2500 region. A clear break below that area would expose 1.2370 region. Immediate resistance is seen around 1.2660. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear but overall I still prefer a bearish scenario at this phase.

gbpusddaily

Click here to read the full article.

December 11th, 2018 @ 5:06 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 112.24 but whipsawed to the upside and closed higher at 113.32 after bounced-off my “buy zone” as you can see on my daily chart below. The bias is bullish in nearest term testing 113.65 – 114.20 region. Immediate support is seen around 112.75 area. A clear break below that area could lead price to neutral zone in nearest term retesting 112.50 – 112.00 key support area which remains a good place to buy with a tight stop loss below 111.50 (EMA 200) as a clear break and daily close below 111.50 would invalidate the major bullish trend.

usdjpydaily

Click here to read the full article.

December 11th, 2018 @ 5:04 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9868 but closed higher at 0.9902, printed a bullish pin bar after rejected below the daily EMA 200 as you can see on my daily chart below. The bias is neutral in nearest term. The false breakout (above 1.0095) bearish scenario remains valid but need a clear break below the EMA 200 located around 0.9860 to invalidate the bullish pin bar scenario and resume the bearish phase testing 0.9825. Immediate resistance is seen around 0.9910. A clear break above that area could trigger further bullish pressure testing 0.9950 or higher.

usdchfdaily

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