Forex

EURUSD Daily Forecast: January 09

EURUSD Forecast     The EURUSD had a bearish momentum yesterday bottomed at 1.3553. The bias is bearish in nearest term. As you can see on my daily chart below, price is testing the lower line of the bullish channel. A clear break and daily close below the bullish channel and 1.3550 – 1.

GBPUSD Daily Forecast: January 09

GBPUSD Forecast The GBPUSD had bullish momentum yesterday topped at 1.6471. The bias is bullish in nearest term testing 1.6530. Immediate support is seen around 1.6435. A clear break below that area could lead price to neutral zone in nearest term testing 1.6400 or lower but as long as stays above 1.

USDJPY Daily Forecast: January 09

USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term especially if price able to make a clear break above 105.00 testing 105.50 – 106.00 target area. Immediate support is seen around 104.70.

USDCHF Daily Forecast: January 09

USDCHF Forecast The USDCHF continued its bullish momentum yesterday topped at 0.9127. The bullish momentum was not as strong as I had expected, but the bias remain bullish in nearest term testing 0.9190. Immediate support is seen around 0.9100.

Asian Session Notes: 1/09/14

AUDUSD Resistance: 0.8916 moderate / 0.8935 moderate / 0.8951 minor Support: 0.8881 moderate / 0.8842 moderate / 0.8822 moderate Wednesday saw the Aussy easing off to close just above its lows with prices now in the middle of its consolidation from December.

EURUSD Daily Forecast: January 08

EURUSD Forecast     The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3675 – 1.3595. A clear break above 1.3675 could trigger further bullish pressure testing 1.3850 key resistance. On the other hand, a clear break below 1.

GBPUSD Daily Forecast: January 08

GBPUSD Forecast The GBPUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.6435 – 1.6335.  A clear break above 1.6435 could trigger further bullish pressure testing 1.6475 or higher.

USDJPY Daily Forecast: January 08

USDJPY Forecast The USDJPY regained its bullish momentum yesterday and hit 104.99 earlier today. The bias is bullish in nearest term especially if price able to make a clear break above 105.00 targeting 105.50 – 106.00 or higher. Immediate support is seen around 104.60.

USDCHF Daily Forecast: January 08

USDCHF Forecast The USDCHF had a bullish momentum yesterday and hit 0.9101 earlier today. The bias is bullish in nearest term testing 0.9190. Immediate support is seen around 0.9070. A clear break below that area could lead price to neutral zone in nearest term testing 0.

Asian Session Notes: 01/08/14

EURUSD Resistance: 1.3622 moderate / 1.3656 moderate / 1.3677 minor Support: 1.3596 minor / 1.3571 minor / 1.3527 moderate Euro managed to close below the daily EMA lines and remain under the double to break out point from our charts after a whip sawish trading day that saw prices push for 34D EMA highs first.