Written by Bahagian Pentadbiran in
| Daily Forecast for Crosses
Tue, April 19, 2011 | Dear Fellow Trader,
Setyo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help. | | EURJPY Forecast The EURJPY continued its bearish momentum yesterday, bottomed at 116.46 and closed at 117.41. The V-Top formation gave us a valid bearish signal. The bias remains bearish in nearest term testing 116.00. A clear break below that area could trigger further bearish momentum testing 113.50. Immediate resistance at 118.00. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 119.30 the intraday bias remains more to the downside
Please click here to see how I applied my technical studies to this pair on the daily chart a few minutes ago. |
GBPJPY Forecast The GBPJPY continued its bearish momentum yesterday after made a clear break below 135.00, bottomed at 132.97 and closed at 134.13. The bias remains bearish in nearest term testing 132.50. Immediate resistance at 134.50. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 135.00 the intraday bias should more to the downside.
Please click here to see how I applied my technical studies to this pair on the 4 hour chart a few minutes ago. |
AUDUSD Forecast
The AUDUSD was corrected lower yesterday, break below the rising wedge formation as you can see on my hourly chart below. The bias is bearish in nearest term testing 1.0400 - 1.0330. Immediate resistance at 1.0500. A clear break above that area would lead us to neutral zone in nearest term but unless price makes a clear break above 1.0581 we are still in a bearish correction phase. Please click here to see how I applied my technical studies to this pair on the hourly chart a few minutes ago.
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| I hope you enjoyed today's forex update! If you have any questions or suggestions, reply to this email - or visit me at the FX Instructor Blog. Happy Trading! | | | Analyst Profile Living in East Java, Indonesia and holding an International Relations degree, Setyo Wibowo began his forex trading career in 2000 as a market analyst, while learning to trade forex independently on his own. to learn more about Setyo Wibowo. |
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