Monday, March 31, 2014

AUDUSD Weekly forecast and trade setup for 31st, March, 2014

AUDUSD Weekly forecast and trade setup for 31st, March, 2014

  • Have we topped and Bearish Cypher in play?

Weekly Chart

  • Few weeks ago I have indicated the Flat Kinko Line (Blue line) which usually attracts the price towards it, This has obviously been achieved last week
  • Stochastics is oversold, and I expect this week for prices to retrace down


Daily Chart



  • From Fridays Candle it seems perhaps we have found the top or at least a breather with few resistance in play
    • Upper chanel
    • 127.2 fib ext
    • 78.6 Cypher completion (around 2-3pips away from pin point)
    • Previous Support which now is resistance

Hourly Chart



  • Would be looking for price to break and close support of 0.9218 to confirm change of trend .


MOVING AVERAGE Charts

Daily Trading Above 200MA (but other MA's are messy)
Daily Trend - Unknown

H4 MA are in line in a bullish trend (50,100,200 all in sync)
H4 Trend - Bullish
H1 MA are in Bullish Trend (50,100,200 all in sync)
However price is flirting the 50MA
H1 Trend - Bullish


15min MA - perhaps start of bearish trend as the 50 and 100 crossed (200ma yet to)
15Min Trend - Bearish Perhaps?


MA trend - Still in a bullish Trend overall

Outlook Trade opportunity

  • Would be looking for price to break and close support of 0.9218 to confirm change of trend

Risk Level

Tips -

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