Forex Academy Quick Links:
Language:
English

FX Instructor Forex Blog - For Traders, By Traders

December 6th, 2018 @ 4:52 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term as a part of the bearish pin bar scenario testing 1.1270 region. A clear break and daily close below that area would retest 1.1215 key support area (tweezer bottom). On the upside, we need a clear break above 1.1418 to invalidate the bearish pin bar scenario testing 1.1500 key resistance area.

eurusddaily

Click here to read the full article.

December 6th, 2018 @ 4:50 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had another volatile but indecisive movement yesterday. The bias remains neutral in nearest term. Key support remains at 1.2700 – 1.2260 region which remains a good place to buy with a tight stop loss as a clear break and daily close below 1.2660 would target 1.2500 or lower. Immediate resistance is seen around 1.2760. A clear break above that area could trigger further bullish pressure testing 1.2800 area but key resistance remains at 1.2875 which remains a good place to sell.

gbpusddaily

Click here to read the full article.

December 6th, 2018 @ 4:49 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 113.24 but traded lower earlier today in Asian session hit 112.64 at the time I am writing this comment. The bias is bearish in nearest term testing 112.50 – 112.00 key support area which is a good place to buy with a tight stop loss below 111.50 as a clear break below that area would invalidate the major bullish trend. Immediate resistance is seen around 113.15. A clear break above that area could lead price to neutral zone in nearest term testing 113.50/65 region but key resistance remains at 114.20 – 114.70 area.

usdjpydaily

Click here to read the full article.

December 6th, 2018 @ 4:48 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF attempted to push higher yesterday slipped above 1.0005 but closed lower at 0.9976 and hit 0.9960 earlier today in Asian session. We have a bearish pin bar formation as you can see on my daily chart below suggests a potential bearish pressure. The bias is bearish in nearest term testing 0.9910 key support area which need to be clearly broken to the downside to resume the false breakout bearish scenario testing 0.9825. On the upside, a clear break above 1.0005 would invalidate the bearish pin bar scenario testing 1.0050 – 1.0095 region.

usdchfdaily

Click here to read the full article.

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

Click here to read the full article.

EURUSD Forecast    
The EURUSD attempted to push higher yesterday, slipped above the trend line resistance and 1.1400 resistance as you can see on my daily chart below but whipsawed to the downside and closed lower at 1.1342, printed a bearish pin bar. The bias is bearish in nearest term testing 1.1270 support area. A clear break and daily close below that area would retest 1.1215 key support area (tweezer bottom). On the upside, we need a clear break above 1.1418 to invalidate the bearish pin bar scenario testing 1.1500 key resistance area.

eurusddaily

Click here to read the full article.

December 5th, 2018 @ 5:10 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD was volatile but indecisive yesterday. The bias is neutral in nearest term. Price is now traded at 1.2700 – 1.2660 key support area which is a good place to buy with a tight stop loss as a clear break and daily close below 1.2660 would target 1.2500 or lower. Immediate resistance is seen around 1.2735. A clear break above that area could trigger further bullish pressure testing 1.2775 area but key resistance remains at 1.2875 which remains a good place to sell.

gbpusddaily

Click here to read the full article.

December 5th, 2018 @ 5:10 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 112.57. The bias remains bearish in nearest term testing the trend line support and 112.50 – 112.00 key support area which remains a good place to buy with a tight stop loss below 111.50 as a clear break below that area would invalidate the major bullish trend. Immediate resistance is seen around 113.15. A clear break above that area could lead price to neutral zone in nearest term testing 113.50/65 region but key resistance remains at 114.20 – 114.70 area.

usdjpydaily

Click here to read the full article.

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

Click here to read the full article.

USDCHF Forecast
The USDCHF had another indecisive movement yesterday but traded a little bit higher earlier today in Asian session hit 0.9996. The bias is bullish in nearest term testing 1.0005. A clear break above that area could trigger further bullish pressure testing 1.0050 but key resistance remains at 1.0095 region. Immediate support is seen around 0.9965/50. A clear break below that area could lead price to neutral zone in nearest term testing 0.9910 key support area.

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