Forex Academy Quick Links:
Language:
English

FX Instructor Forex Blog - For Traders, By Traders

April 17th, 2019 @ 5:24 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF continued its bullish momentum yesterday topped at 1.0081. The bias remains bullish in nearest term testing 1.0095 key resistance area which remains a good place to sell with a tight stop loss as a clear break above that area could trigger further bullish pressure testing 1.0170 area or higher. Immediate support is seen around 1.0050. A clear break below that area could lead price to neutral zone in nearest term testing 1.0000 – 0.9985 support area.

usdchfdaily

Click here to read the full article.

April 16th, 2019 @ 4:14 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD bullish momentum stalled at 1.1325 and slipped below 1.1300 earlier today in Asian session. The bias is neutral in nearest term. Price is still in a bullish phase following another false breakout below 1.1215 support area but need a break above 1.1325 to resume the bullish run retesting 1.1400 region which is a good place to sell. Immediate support is seen around 1.1285. A clear break below that area could trigger further bearish pressure testing 1.1250 but key support remains at 1.1215 which remains a good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend.

eurusddaily

Click here to read the full article.

April 16th, 2019 @ 4:13 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but overall I still prefer a bullish scenario at this phase. Immediate resistance is seen around 1.3130. A clear break and daily close above that area could trigger further bullish pressure testing 1.3210 region. Immediate support is seen around 1.3050. A clear break below that area could trigger further bearish pressure retesting 1.3000 area which is a good place to buy with a tight stop loss as a clear break below 1.3000 would invalidate the major bullish outlook.

gbpusddaily

Click here to read the full article.

April 16th, 2019 @ 4:12 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias remains bullish in nearest term but note that the bullish run is currently stalled at 112.00 area, which remains a good place to sell with a tight stop loss as a clear break above that area would expose 113.15 region or higher. Immediate support is seen around 111.80. A clear break below that area could lead price to neutral zone in nearest term testing 111.50/00 region or lower.

usdjpydaily

Click here to read the full article.

April 16th, 2019 @ 4:11 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 1.0046 and hit 1.0048 earlier today in Asian session. The bias remains bullish in nearest term testing 1.0095 key resistance area which remains a good place to sell. Immediate support is seen around 0.9985. A clear break and daily close back below that area could create a false breakout bearish scenario retesting 0.9900 region.

usdchfdaily

Click here to read the full article.

April 15th, 2019 @ 4:35 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast
The EURUSD had a bullish momentum last week topped at 1.1324 after another false break below 1.1215 key support area as you can see on my daily chart below. The bias is bullish in nearest term especially if price able to break above 1.1325 retesting 1.1400 region which is a good place to sell with a tight stop loss as a clear break above that area would expose 1.1500 – 1.1570 key resistance area. Immediate support is seen around 1.1290. A clear break below that area could lead price to neutral zone in nearest term testing 1.1250 but key support remains at 1.1215 area which remains a good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend.

eurusddaily

Click here to read the full article.

April 15th, 2019 @ 4:34 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD didn’t make significant movement last week. The bias is neutral in nearest term but as long as stay above 1.3000 key support area I still prefer a bullish scenario at this phase. Immediate resistance is seen around 1.3130. A clear break and daily close above that area could trigger further bullish pressure testing 1.3210 region. Immediate support is seen around 1.3050. A clear break below that area could trigger further bearish pressure retesting 1.3000 area which is a good place to buy with a tight stop loss as a clear break below 1.3000 would invalidate the major bullish outlook.

gbpusddaily

Click here to read the full article.

April 15th, 2019 @ 4:33 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY attempted to push lower last week bottomed at 110.83 but closed higher at 112.00. The bias is bullish in nearest term but note that 112.00 area remains a good place to sell with a tight stop loss as a clear break above that area would expose 113.15 region. Immediate support is seen around 111.80. A clear break below that area could lead price to neutral zone in nearest term testing 111.50/00 region.

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