Blog Posts - Market Analysis



USDCHF Daily Forecast: December 08

USDCHF Forecast The USDCHF didn’t make significant movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.0000 support area. Immediate resistance is seen around 1.0100. A clear break above that ar...

USDJPY Daily Forecast: December 08

USDJPY Forecast The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 113.35. A clear break below that area could trigger further bearish pressure testing 112.80 but overall I...

GBPUSD Daily Forecast: December 08

GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.2569 but closed a little bit higher at 1.2624 and hit 1.2664 earlier today. The bias is neutral in nearest term, probably with a little bullish bias testing 1.2700 – 1.2750 r...

EURUSD Daily Forecast: December 08

EURUSD Forecast     The EURUSD had a moderate bullish momentum yesterday and hit 1.0769 earlier today. As you can see on my H1 chart below, price slipped above a flag formation suggests a potential bullish scenario. The bias is bullish in nearest...

USDCHF Daily Forecast: December 07

USDCHF Forecast The USDCHF had a moderate bullish momentum yesterday topped at 1.0115. The bias is neutral in nearest term. Immediate support is seen around 1.0080. A clear break below that area could trigger further bearish pressure testing 1.0050/0...

USDJPY Daily Forecast: December 07

USDJPY Forecast The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias testing 114.80 – 115.00 area. Immediate support is seen around 113.70. A clear break below that ar...

EURUSD 30 Minute Chart Analysis

Hello traders and good to be back with you as we look at the EURUSD 30 Minute chart. This has had some crazy price action this week and that is OK, as my bias still remains bearish. So as we look at the chart we can see we have been sideways and it j...

EURUSD Daily Forecast: December 07

EURUSD Forecast     The EURUSD was corrected lower yesterday bottomed at 1.0698. The bias is neutral in nearest term. Immediate support is seen around 1.0690 – 1.0660 (H1 EMA 200). A clear break below that area could trigger further bearish...

USDCHF Daily Forecast: December 06

USDCHF Forecast The USDCHF attempted to push higher yesterday topped at 1.0181 but whipsawed to the downside and closed below the range area as you can see on my daily chart below. The bias is bearish in nearest term testing 1.0000. Immediate resista...

USDJPY Daily Forecast: December 06

USDJPY Forecast The USDJPY was indecisive yesterday. Price attempted to push higher, topped at 114.77 but closed lower at 113.81. The bias is neutral in nearest term probably with a little bearish bias testing 112.80 support area but overall I remain...

GBPUSD Daily Forecast: December 06

GBPUSD Forecast The GBPUSD was indecisive yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 1.2800 – 1.2900 region. Immediate support is seen around 1.2690. A clear break below that area...

EURUSD Daily Forecast: December 06

EURUSD Forecast     The EURUSD attempted to push lower yesterday bottomed at 1.0504 but whipsawed to the upside and hit 1.0796 in a high volatile market after Italian referendum. Technically, while my major outlook remains neutral, nearest term bi...

USD/CAD Down trend in 4 hours chart

Trend is bearish in USD/CAD currency pair, 4 hour time frame. As I have suggested past week during my daily Live trading room session, market is falling down on a short term basis to complete Bearish Triple Zig Zag Elliott Wave pattern and traders sh...

USDCHF Daily Forecast: December 05

USDCHF Forecast The USDCHF had a bullish momentum earlier today in Asian session hit 1.0181 after another failure to break below the range area as you can see on my daily chart below. The bias is bullish in nearest term testing 1.0200. A clear break...

USDJPY Daily Forecast: December 05

USDJPY Forecast The USDJPY was indecisive last week. The bias is neutral in nearest term. Immediate support is seen around 112.75. A clear break below that area could trigger further bearish pressure but as long as stay above 111.50 the major bullish...

GBPUSD Daily Forecast: December 05

GBPUSD Forecast The GBPUSD had a bullish momentum last week topped at 1.2737. The bias is bullish in nearest term testing 1.2800 – 1.2900 region. Immediate support is seen around 1.2625. A clear break below that area could lead price to neutral zon...

EURUSD Daily Forecast: December 05

EURUSD Forecast     The EURUSD had a bearish momentum earlier today in Asian session, hit 1.0504. The bias is bearish in nearest term testing 1.0450 key support. Immediate resistance is seen around 1.0600. A clear break above that area could lead...

GBPUSD 60 Minute Chart Analysis

Hello traders good to be with you on this new trading week. We are looking at the GBPUSD 60 minute chart. My bias is bearish and I expect this to continue to the down side in the next day. I have placed a resistance line and also some arrows showing...

USDCHF Daily Forecast: December 02

USDCHF Forecast The USDCHF failed to continue its bullish momentum yesterday bottomed at 1.0099. The bias is bearish in nearest term especially if price able to make a clear break below 1.0100 testing 1.0000. Immediate resistance is seen around 1.015...

USDJPY Daily Forecast: December 02

USDJPY Forecast The USDJPY was indecisive yesterday. The bias is neutral in nearest term but overall I remain bullish with nearest target seen around 115.25. Immediate support is seen around 113.35. A clear break below that area could trigger further...


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