USDCHF Forecast The USDCHF was corrected lower significantly yesterday, bottomed at 0.9757 and closed at 0.9793. The bias remains bearish in nearest term testing 0.9730 and the lower line of the bullish channel but as long as price moves inside the bullish channel we are still in bullish phase. Immediate resistance at 0.9877. Break above [...]
USDJPY Forecast The USDJPY attempted to push higher yesterday, topped at 81.41 but closed lower at 80.57. The bias is neutral in nearest term but overall we are still in a strong bearish outlook at least testing 79.70/50 area. No significant new technical moves so far and the movement remains boring. Immediate resistance at 80.85 [...]
Simultaneous Release at TheGeekKnows.com ? Learn Forex Trading and view EUR/USD Reviews. Good day forex trading koalas. It is Monday and i hope you had a great wonderful weekend! We closed last week with mixed signals. The US GDP data came in rather on forecast but some investors were probably concerned that the Fed may [...]
USDCHF Forecast The USDCHF attempted to push higher today, hit 0.9877 but further upside pressure was still limited so far and traded lower around 0.9830 at the time I wrote this comment. The bias is neutral in nearest term but overall we are still in bullish phase especially if price able to make a clear [...]
USDCHF Forecast The USDCHF was corrected lower yesterday, found support at 0.9800 area and traded higher around 0.9863 at the time I wrote this comment. The bias is neutral in nearest term. Overall we are still in bullish phase especially if price able to make another break above 0.9877 targeting 0.9928 and 1.0000. On the [...]
GBPUSD Forecast The GBPUSD was unable to maintain its bullish momentum yesterday after good UK GDP data push the pair peaked at 1.5895 on Tuesday. Price violated the minor bullish channel to the downside, bottomed at 1.5729 but closed higher at 1.5789. The bias is neutral in nearest term. Immediate resistance at 1.5800. Consistent move [...]
USDJPY Forecast The USDJPY had a significant bullish correction yesterday, topped at 81.64 and closed at 81.40. The bias is bullish in nearest term testing 81.95. Break above that area could trigger further upside recovery testing 82.87. Immediate support at 81.36 (current low). Break below that area could trigger further bearish pressure testing 80.85 ? [...]
USDJPY Forecast The USDJPY break below 80.85 yesterday, bottomed at 80.40 and now struggling around 80.85 area. The bias is bearish in nearest term targeting 80.00. Another move back above 80.85 could lead us to neutral zone and boring range market again but the major scenario remains bearish and I prefer a bearish scenario at [...]
GBPUSD Forecast The GBPUSD bounced higher earlier today in Asian session after found support at the lower line of the major bullish channel as you can see on my h4 chart below. This fact keeps the major bullish scenario intact especially if price able to make a clear break above 1.5750 and 23% Fibo retracement [...]
The EURUSD made another volatile but indecisive movement this week, made another Doji on weekly chart. Those Dojis in the last two weeks have lower highs and lows, indicating that the bearish bias since the fall from 1.4158 may still intact. Although the market is volatile and unclear where neither of bullish nor bearish can [...]
