EURUSD Forecast The EURUSD continued its bullish momentum yesterday, topped at 1.3438 and closed at 1.3393 following a strong break out above the trend line resistance on Tuesday. The bias remains bullish in nearest term testing 1.3500 area before testing 1.3700. Immediate support at 1.3333 (former resistance). Break below that area could lead us to [...]
USDCHF Forecast The USDCHF continued its bearish momentum yesterday, bottomed at 0.9837 after break below 0.9931 as you can see on my h4 chart below. The bias remains bearish in nearest term testing 0.9730. Immediate resistance at 0.9931. A movement back above that area could lead us to neutral zone as direction would become unclear [...]
USDJPY Forecast The USDJPY attempted to push lower yesterday after break below 84.82, but found support around the trend line resistance as you can see on my h4 chart below. A downside pullback testing the violated trend line often happen technically, but a movement back below the trend line could be a serious threat to [...]
GBPUSD Forecast The Cable is the only major currency that fail to gain from broad Dollar weakness after FOMC meeting. On h1 chart below we can see price still able to move inside the minor bullish channel (red) indicates strong bullish view remains intact but we haven?t seen significant bullish momentum so far. The bias [...]
EURJPY Forecast The EURJPY had a moderate bullish momentum yesterday. I was expecting more bullish momentum but the upside pressure still limited. The bias is neutral in nearest term but overall we are still in strong bullish phase especially if price able to break above 113.51 testing 114.73. Immediate support at 112.55. Break below that [...]
?Remember, it’s better to have a small profit of a larger sum than a large profit of a smaller sum – in the latter case you’re taking on more risk. As a rule, we don?t like risk.? ? Marcus de Maria Hello: This is an update on some of the movements on the markets and [...]
USDCHF Forecast The USDCHF continued its bearish momentum yesterday, bottomed at 0.9958. On h4 chart below we can see price is moving inside a new bearish channel (red) after violated the bullish channel indicating potential bearish pressure. The bias is bearish in nearest term especially if price able to break below 0.9931 region targeting 0.9870 [...]
EURJPY Forecast The EURJPY was volatile yesterday, made some false breakout/breakdown from my range area ahead of FOMC meeting but finally the bullish power took control and price now seems comfortable above range area indicating potential further bullish outlook testing 113.30 ? 113.90 in nearest term before testing 114.73 area especially if price able to [...]
EURUSD Forecast The EURUSD had a significant bullish momentum yesterday after market react positively on FMOC statement. Although most part of the statement didn?t show significant change from the previous releases, the Fed willingness to ?provide additional accommodation if needed to support the economic recovery? triggered risk appetite and push Euro higher. This positive reaction [...]
USDJPY Forecast The USDJPY had a significant bearish correction yesterday on broad Dollar weakness and now struggling around 84.82 support area. On h4 chart below we have a rounding top formation, which is a bearish reversal pattern especially if price able to break below 84.82 testing 84.00 area even lower. However note that any further [...]
