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November 14th, 2018 @ 3:27 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.1293 and hit 1.1320 earlier today in Asian session. We have a tweezer bottom formation as you can see on my daily chart below suggests a potential bullish correction scenario. The bias is bullish in nearest term testing 1.1370. A clear break and daily close above that area could trigger further bullish pullback testing 1.1450 – 1.1500 key resistance area. Immediate support is seen around 1.1250. A clear break below that area could lead price to neutral zone in nearest term but key support is seen at 1.1215 which need to be clearly broken to the downside to invalidate the tweezer bottom scenario and resume the major bearish trend testing 1.1100 – 1.1000 region.

eurusddaily

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November 14th, 2018 @ 3:26 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a strong bullish momentum yesterday topped at 1.3047. We have a tweezer bottom formation as you can see on my daily chart below suggests a bullish view. The bias is bullish in nearest term testing 1.3100 – 1.3125 region. Immediate support is seen around 1.2950. A clear break below that area could lead price to neutral zone in nearest term. Overall I still prefer a bearish scenario but only a clear break back below 1.2835 would invalidate the tweezer bottom bullish scenario targeting 1.2700 area.

gbpusddaily

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November 14th, 2018 @ 3:25 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias is neutral in nearest term. Overall I remain bullish but we have two consecutive bearish pin bars as you can see on my daily chart below suggests a potential bearish correction. Immediate support is seen around 113.50. A clear break below that area could trigger further bearish pressure testing 113.00 or lower. On the upside, we need a clear break above 114.20 to invalidate the bearish pin bar scenario and resume the bullish run testing 114.70 – 115.50 region.

usdjpydaily

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November 14th, 2018 @ 3:25 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 1.0069 and hit 1.0058 earlier today in Asian session. The bias is neutral in nearest term but as long as stay above 0.9980 I still prefer a bullish scenario at this phase. Immediate support is seen around 1.0045. A clear break and daily close below that area would retest 0.9980 region. Immediate resistance is seen around 1.0128 (yesterday’s high). A clear break above that area would target 1.0175 or higher.

usdchfdaily

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November 13th, 2018 @ 4:07 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a strong and significant bearish momentum yesterday, broke below 1.1300 key support, bottomed at 1.1215. This fact confirms further bearish scenario after printed a bearish pin bar at trend line resistance as you can see on my daily chart below. The bias remains bearish in nearest term especially if price able to make a clear break below 1.1200 area targeting 1.1100 region.  Immediate resistance is seen around 1.1300 area. A clear break back above that area could lead price to neutral zone in nearest term but as long as stay below 1.1500 I still prefer a bearish scenario at this phase.

eurusddaily

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November 13th, 2018 @ 4:06 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2827 as a part of the bearish phase after rejected above the EMA 200 as you can see on my daily chart below. The bias remains bearish in nearest term testing 1.2800 region. A clear break and daily close below that area would expose 1.2700 support area. Immediate resistance is seen around 1.2925/50 area. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 region which is a good place to sell.

gbpusddaily

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November 13th, 2018 @ 4:04 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 114.20 but closed lower at 113.83. The bias is neutral in nearest term probably with a little bearish bias testing 113.50/00 support area but overall as long as stay above the trend line support I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, 114.70 is a key resistance level. A clear break and daily close above that area would expose 115.50 or higher.

usdjpydaily

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November 13th, 2018 @ 4:03 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a significant bullish momentum yesterday, broke above 1.0095 resistance area. This fact confirms further bullish scenario started by two bullish pin bar printed at 0.9980 support area as you can see on my daily chart below. The bias remains bullish in nearest term testing 1.0175 area. Immediate support is seen around 1.0080. A clear break below that area could lead price to neutral zone in nearest term testing 1.0045 region but as long as stay above 0.9980 I still prefer a bullish scenario at this phase.

usdchfdaily

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