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Latest Blog Posts for FX Instructor Forex Blog - For Traders, By Traders

  • USDCHF Daily Forecast: December 21
    on Dec 20, 2016 in Market Analysis
    USDCHF Forecast The USDCHF was indecisive yesterday. Price attempted to push higher after broke above the bearish channel as you can see on my H1 chart below, topped at 1.0320 but closed a little bit lower at 1.0286. The bias is neutral in nearest te...
  • USDJPY Daily Forecast: December 21
    on Dec 20, 2016 in Market Analysis
    USDJPY Forecast The USDJPY failed to continue its bearish momentum yesterday topped at 118.24. The bias is neutral in nearest term probably with a little bullish bias testing 118.66. A clear break and daily close above that area would expose 120.00 a...
  • GBPUSD Daily Forecast: December 21
    on Dec 20, 2016 in Market Analysis
    GBPUSD Forecast The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.2312 but closed a little bit higher at 1.2366. The bias is neutral in nearest term probably with a little bearish bias testing 1.2300 area. A clear break...
  • EURUSD Daily Forecast: December 21
    on Dec 20, 2016 in Market Analysis
    EURUSD Forecast     The EURUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.0352 but closed a little bit higher at 1.0385 and hit 1.0398 earlier today. The bias remains neutral in nearest term but as long as stay below 1.0...
  • USDCHF Daily Forecast: December 20
    on Dec 19, 2016 in Market Analysis
    USDCHF Forecast The USDCHF was indecisive yesterday. As you can see on my H1 chart below, price slipped above the minor bearish channel suggests a potential bullish outlook. The bias is neutral in nearest term probably with a little bullish bias test...
  • USDJPY Daily Forecast: December 20
    on Dec 19, 2016 in Market Analysis
    USDJPY Forecast The USDJPY had a bearish momentum yesterday bottomed at 116.54. The bias is bearish in nearest term testing 116.00 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 117.65. A clear break abo...
  • GBPUSD Daily Forecast: December 20
    on Dec 19, 2016 in Market Analysis
    GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.2354. The bias is bearish in nearest term testing 1.2300 area. Immediate resistance is seen around 1.2425. A clear break above that area could lead price to neutral zone in nea...
  • EURUSD Daily Forecast: December 20
    on Dec 19, 2016 in Market Analysis
    EURUSD Forecast     The EURUSD attempted to push higher yesterday topped at 1.0479 but closed lower at 1.0402. The bias is neutral in nearest term probably with a little bearish bias testing 1.0350/00 area. Immediate resistance is seen around 1.04...
  • USDCHF Daily Forecast: December 19
    on Dec 18, 2016 in Market Analysis
    USDCHF Forecast The USDCHF attempted to push lower last week bottomed at 1.0083 but whipsawed to the upside and closed higher at 1.0265 after slipped above 1.0325 resistance. As you can see on my H1 chart below, price is moving inside a minor bearish...
  • USDJPY Daily Forecast: December 19
    on Dec 18, 2016 in Market Analysis
    USDJPY Forecast The USDJPY continued its bullish momentum last week topped at 118.66 but traded a little bit lower earlier today hit 117.54. The bias is neutral in nearest term. Immediate support is seen around 117.50. A clear break below that area c...
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