Forex Academy Quick Links:
Language:
English

FX Instructor Forex Blog - For Traders, By Traders

April 23rd, 2019 @ 5:16 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF was indecisive yesterday but overall still able to maintain its strong short term bullish bias so far indicated by a consistent and convincing movement above the H1 EMA 200 as you can see on my H1 chart below. The bias remains bullish in nearest term testing 1.0170 – 1.0250 area. Immediate support is seen around 1.0130. A clear break below that area could lead price to neutral zone in nearest term testing 1.0095 area. Overall I am neutral on this pair so although price is in a bullish phase now, sell on rally is not a bad idea targeting a move lower towards the H1 EMA 200.

usdchfh1

Click here to read the full article.

April 22nd, 2019 @ 4:38 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD had a bearish momentum last week bottomed at 1.1226. The bias remains bearish in nearest term testing 1.1215 – 1.1185 key support area which is a good place to buy with a tight stop loss as a clear break and daily close below that area would resume the major bearish trend testing 1.1125/00 or lower. Immediate resistance is seen around 1.1250. A clear break above that area could lead price to neutral zone in nearest term testing 1.1300/25 region. My major technical outlook remains bearish.

eurusddaily

Click here to read the full article.

April 22nd, 2019 @ 4:37 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had a bearish momentum last week and now struggling around 1.3000 key support area which remains a good place to buy. The bias is bearish in nearest term. A clear break and consistent movement below 1.3000 would invalidate my major bullish outlook testing 1.2900 – 1.2800 region this week. Immediate resistance is seen around 1.3050. A clear break above that area could lead price to neutral zone in nearest term testing 1.3100/30 region.

gbpusddaily

Click here to read the full article.

April 22nd, 2019 @ 4:33 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY didn’t make significant movement last week. Price is still struggling around 112.00 resistance area as you can see on my daily chart below which remains a good place to sell with a tight stop loss as a clear break above 112.00 would target 113.15 or higher. The bias is neutral in nearest term. Immediate support is seen around 111.75. A clear break below that area could trigger further bearish pressure testing 111.00 or lower.

usdjpydaily

Click here to read the full article.

April 22nd, 2019 @ 4:31 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF had a strong bullish momentum last week topped at 1.0159 after broke above 1.0095 key resistance area. The bias remains bullish in nearest term testing 1.0170 – 1.0250 area. Immediate support is seen around 1.0110. A clear break below that area could lead price to neutral zone in nearest term testing 1.0080/50 region. Overall I am neutral on this pair so although price is in a bullish phase now, sell on rally is not a bad idea either.

usdchfdaily

Click here to read the full article.

April 19th, 2019 @ 4:58 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1226. The bias is bearish in nearest term testing 1.1215 key support area which is a good place to buy with a tight stop loss as a clear break and daily/weekly close below that area would resume the major bearish trend testing 1.1125/00 or lower next week. Immediate resistance is seen around 1.1250. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1300/25 resistance area. My major technical outlook remains bearish.

eurusddaily

Click here to read the full article.

April 19th, 2019 @ 4:57 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.2978 and now struggling around 1.3000 key support area. The bias is bearish in nearest term. A clear break and daily/weekly close below 1.3000 would invalidate the major bullish outlook testing 1.2900 – 1.2800 region next week. Immediate resistance is seen around 1.3050. A clear break above that area could lead price to neutral zone in nearest term but would keep the major bullish trend alive and kicking testing 1.3100/30 region.

gbpusddaily

Click here to read the full article.

April 19th, 2019 @ 4:56 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY had another indecisive movement yesterday and still struggling around 112.00 resistance area as you can see on my daily chart below. The bias remains neutral in nearest term and 112.00 region remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would target at least 113.15 region next week. Immediate support is seen around 111.75. A clear break and daily/weekly close below that area could trigger further bearish pullback next week testing 111.00 or lower.

usdjpydaily

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