Forex Academy Quick Links:
Language:
English

Price Action

August 6th, 2018 @ 4:29 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF was indecisive last week. Price attempted to push lower bottomed at 0.9867 but closed higher at 0.9944. The bias is neutral in nearest term probably with a little bullish bias testing 1.0000 region but key resistance remains at 1.0055 which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9935. A clear break below that area could trigger further bearish pressure testing 0.9900 region. 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.

August 3rd, 2018 @ 4:24 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF continued its bullish momentum yesterday topped at 0.9956 and hit 0.9960 earlier today in Asian session. The bias remains bullish in nearest term testing 0.9980 – 1.0000 but key resistance remains around 1.0055 region. Immediate support is seen around 0.9935. A clear break below that area could lead price to neutral zone in nearest term testing 0.9900 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. Fundamental focus today will be on the US NFP.

Click here to read the full article.

August 2nd, 2018 @ 4:25 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD had a moderate bearish momentum yesterday bottomed at 1.1657 and hit 1.1653 earlier today in Asian session. The bias remains bearish in nearest term testing the lower line of the triangle and 1.1600 – 1.1575 support area. Immediate resistance is seen around 1.1680. A clear break above that area could lead price to neutral zone in nearest term testing 1.1725/50 region which is a good place to sell with a tight stop loss as a clear break above 1.1750 would be a threat to the major bearish trend testing 1.1850 area. On the downside, a clear break below 1.1575 would retest 1.1500 key support area. Fundamental focus will be on the US NFP on Friday.

Click here to read the full article.

August 2nd, 2018 @ 4:24 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.3160. A clear break above that area could trigger further bullish pressure testing 1.3215 area. Immediate support is seen around 1.3070. A clear break below that area could trigger further bearish pressure testing 1.3000 psychological support area which remains a good place to buy with a tight stop loss. Fundamental focus will be on the BoE and MPC statements today and US NFP on Friday.

Click here to read the full article.

August 2nd, 2018 @ 4:22 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term but as long as stay above 111.55 the overall short-term technical bias remains to the upside retesting 113.00 key resistance. Immediate support is seen around 111.39 (yesterday’s low). A clear break below that area could trigger further bearish pressure retesting 110.75 key support which need to be clearly broken to the downside to reactivate my bearish mode. Fundamental focus will be on the US NFP on Friday.

Click here to read the full article.

August 1st, 2018 @ 4:22 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.1745 but closed lower at 1.1690 and hit 1.1682 earlier today in Asian session after failed to break above the triangle as you can see on my H4 chart below. The bias is bearish in nearest term retesting the lower line of the triangle and 1.1600 – 1.1575 support area. Immediate resistance is seen around 1.1700. A clear break above that area could lead price to neutral zone in nearest term testing 1.1750 region which is a good place to sell with a tight stop loss as a clear break above 1.1750 would be a threat to the major bearish trend testing 1.1850 area. Fundamental focus will be on the US NFP on Friday.

Click here to read the full article.

August 1st, 2018 @ 4:20 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. Price slipped above the bearish channel, topped at 1.3173 but closed lower back inside 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 support area which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.3160/75. A clear break above that area could trigger further bullish pressure testing 1.3215 region. Fundamental focus will be on the US NFP on Friday.

Click here to read the full article.

August 1st, 2018 @ 4:19 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had a significant bullish momentum yesterday, broke above 111.55 resistance area as you can see on my daily chart below. This fact invalidates the inside bar bearish scenario. The bias is bullish in nearest term testing 112.60 – 113.00 region. Immediate support is seen around 111.55. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. On the upside, a clear break above 113.00 would activate my bullish mode. Fundamental focus will be on the US NFP on Friday.

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