AUDUSD - End of Week Update Forecast and Trade Setup

AUDUSD - End of Week Update Forecast and Trade Setup

Daily Chart

• Daily Chart could still have the potential to test the upside towards the 0.95 / 78.6 fib and could fall from there
• There is however slight negative divergence on the stochastics
• Ichimoku Clouds - Trading above but inside clouds (Bullish)

Hourly Chart

• H4 Chart is coming close to resistance zone / weekly pivot and 61.8 fib which in this case could be the golden fib for trades because of the setup of confluence.
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Outlook Trade opportunity

As per analysis earlier in the week, I prefer to sell on pullbacks (therefore look at my h4 chart)

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

First Pour Brisbane at Veneziano Coffee Roasters

Located at an industrial area in west end but is in the transformation to high end residential apartments I find this cafe stand out. With timber features and welcoming design I ordered my coffee and breakfast muffin , I decided to walk up the second level and picked a table.

Coffee came and its perfect for strong coffee lovers like me. (More towards Italy taste I suppose). 

Bacon and egg muffin was average but their other selections do look more appealing!

Will come again for the coffee and atmosphere

USDCHF Forecast and Trade Setup For the week 26th May, 2014

USDCHF Forecast and Trade Setup For the week 26th May, 2014

Weekly Chart

• We have continued the bullish momentum last week after rejection from the Monthly Pivot Support few wks ago
• Ichimoku Study - Bearish 

Daily Chart

• After flirting around the Resistance area, we managed to break through it.  Any retest should perform a bullish candle setup signal on a smaller timeframe
• I have put in another chart with 3 Moving Averages Study, 
• Note that we are hitting against the 200 Day Moving Average and very close to next resistance
• I have drawn in some projections on the Daily chart but only vaguely.  
• Taking a short is against the strong trend
• Taking a long now - we are hitting resistance soon / and 200MA is hitting right now
• Ichimoku Study - Bullish

Hourly Chart

• Very strong bullish run, where now we will wait for retrace to the broken resistance which should become support together with the ichimoku clouds

Outlook Trade opportunity

Would be interested for a retest of the broken resistance which now should become support., Placing stops on the immediate previous swing low

Risk Level MED - HIGH

Tips -

Always take note of any economical news event on our provided calender below

EURUSD Forecast and Trade Setup for the week 26th May, 2014

EURUSD Forecast and Trade Setup for the week 26th May, 2014

Weekly Chart

• The three weekly candles are extremely bearish and closed last week breaking the ascending trendline
• There is Negative Divergence on the stochastic
• Ichimoku Study - Trading above the clouds

Daily Chart

• We have saw price flirt around the Support and Resistance zone / Ascending Trendline and was unable to stay above , therefore it is likely the market will test the next support zone.
• Saying that it would be ideal to sell on pull backs
• Ichimoku Study - Bearish (trading below clouds)

Hourly Chart

• The H4 chart shows that the basically we were trading in a very tight range last week, and by friday has failed to stay above .
• If market gives us a pull back scenario, I would be interested to sell (please see the blue zone on H4 Chart)
• Ichimoku Clouds - Bearish (trading below Clouds)

Outlook Trade opportunity

Short trades preferred - See H4 Chart and also Daily Chart

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

Usdjpy

Selling at 102 (200ma on h4) / 78.6 fib

AUDUSD Forecast and Trade Setup for the week 26th May, 2014

AUDUSD Forecast and Trade Setup for the week 26th May, 2014

Weekly Chart

• Based on the Ichimoku Clouds, we saw a strong bearish reaction as market tried to retest the highs / clouds (acting as resistance)

Daily Chart

• On the Daily Chart, I have not used the clouds however we are trading into the clouds (possibly acting as support)
• We broke out of the bullish Channel and formed a Double top
• Have drawn a descending trendline from the Oct 2013 highs
• This could possibly it for the bullish trend, and could possibly continue the bearish run

Hourly Chart

• We have had a significant sell off on the Aussie last week, and with the analysis from the other higher time frames, It would be wise to sell any pull backs

Outlook Trade opportunity

Short order at the Resistance / monthly pivot zone

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

USDJPY Forecast and Trade Setup for the week 26th May, 2014

USDJPY Forecast and Trade Setup for the week 26th May, 2014

• Possible Bearish Cypher?

Daily Chart

• Last week we have seen a bullish Pin bar candle from an important Support level which had provided some bullish momentum
• there was also a stochastics bullish divergence
• Having said that, I do not like the fact that the support zone has been tested too many times and it does hint to me it will break the support as all the buy has been filled
• we have the Ichimoku clouds and trendline in a strong resistance area which may limit the upside

Hourly Chart

• Using Ichimoku study, on the H4 chart we are trading above the clouds suggesting of a bullish trend.
• should take note that it only broke through a thin ichimoku clouds (which could give a false signal)
• Currently we are flirting around the Support and Resistance zone and if we managed to bypass that to the upside then we may see it retest the 102.50 and which comes with a very strong resistance together with confluence of 88.6/50 fib and monthly pivots and weekly R1 pivots
• If so, this could be a potential bearish cypher (sorry didn't illustrate the chart with the triangles)

Outlook Trade opportunity

Although last week we see a bullish pin bar Daily candle from major support, this support to me is very exhausted.  I would be bias to be on the short side of this pair.I would have a short order around the 102.50 and i also have a scalp trade just around the 102 figure due to a lower timeframe chart setup

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

EURUSD Forecast and Trade setup 15th May, 2014

EURUSD Forecast and Trade setup 15th May, 2014

Weekly Chart

• Note this is a uncomplete weekly candle however I want to show you the weekly chart as its coming into Support /phsych level 1.370 and also trendline support
• Will be interesting what weekly candle we will achieve by friday for long opportunity perhaps

Daily Chart

• Daily Chart is also showing the same clear Support Area. however we must take note that if you throw in Ichimoku studies, we have broken the support clouds which might suggest bearish momentum
• however the broken clouds does have a flat line which could be a false signal of bearish. so need to be cautious
• We must also take note that the strong selling momentum from the near 1.40 has bought the market dumping right towards the 1.37, so buying into this might not be a good idea (please see 4hr chart)

Hourly Chart

• Stochastics positive divergence which could signals a possible long trade, however I have not took it due to the extremely bearish momentum with vaguely any retrace

Outlook Trade opportunity

Bit of a risk to go either way . however if must trade, would take the long at support with the divergence

Will look more closely at the weekly close or daily chart for signals

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

USDJPY Trade filled - 15.05.14

USDJPY Trade filled - 15.05.14

Hi readers, got some time on my hands for me to upload this trade which got filled this morning during asian open

• In conjunction with my analysis for UJ earlier this week, I identified bullish signals, therefore i have set my buy orders at high prob retrace fib number.
• For this trade i am placing just above the 78.6 as i see a potential to the upside.
• Note we did try to break above the 4hr Ichimoku clouds, then failed and this could be a market retest / false break the s/r before the some bullish movement.
• My R:R is 1:1 - currently my order which got filled was nearly to the pip so didn't get any price movement against me. Will take out the risk when appropriate to secure my profits.

Good luck guys

Tips -

Always take note of any economical news event on our provided calender below

Analysis at the cafe

Doing my analysis on the go. 

USDJPY Forecast and Trade Setup for the week 12th May, 2014

USDJPY Forecast and Trade Setup for the week 12th May, 2014

Daily Chart

• On the Daily Chart we have seen continued support at around the 101 area where market rejected.
• 
  

Hourly Chart

• Price action gives us bullish signals
• has shown that we have come out from the descending channel
• rejection from 101.xx support
• Possible false break from the ascending trendline (long term and the medium term trend line)
• As we are trading near the bearish Clouds, It would be interesting to see what the market will react. however given the fact that Dollar Index is strong and as reflected on this USDJPY pair, it would be not surprising if we were to test the monthly pivot in the near term
• Further along, I could see a potential towards the upside to test the 103 zone where a possible bearish bat pattern

Outlook Trade opportunity

Long - near term, up towards the monthly pivot perhaps
If monthly pivot breaks - i see it test the 103.xx before a possible short at at harmonic pattern.

Risk Level - LOW

Tips -

Always take note of any economical news event on our provided calender below

USDCHF Forecast and Trade Setup for the week 12th May, 2014

USDCHF Forecast and Trade Setup for the week 12th May, 2014

Weekly Chart

• A very clear signal from the Bullish candle from a strong support showing perhaps we could go on a bullish trend? This is in conjunction with 
• Break of Bearish chanel and the retest shows a strong reversal signal as well

Daily Chart

• A false break of a newly developed bullish channel with a very good strong bullish candle from support
• As well as bearish clouds are thin and with the strong bullish momentum looks like it will break

Hourly Chart

• As per Daily and Weekly, bullish momentum should continue to at least the Monthly pivot, before a retracement perhaps before breaking the MR1

Outlook Trade opportunity

Long

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD Forecast and Trade Setup for the week 12th May, 2014

AUDUSD Forecast and Trade Setup for the week 12th May, 2014

Weekly Chart

• The week before produced a Doji Type Candle suggesting bullish to continue, The market did react to it and performed a positive week.
• Looking forward, my bias on the weekly chart is the chances of further highs is a potential (trading into the Ichimoku Clouds but not passing through the edge of the clouds).
• I would be eying on short opportunity if prices to get to the confluence level of 88.6 fib and 50% fib which is also the edge of the bearish clouds on the weekly chart. (Not to mention the s/r Zone if you look at the Daily as well)

Daily Chart

• The Daily chart is also bullish for me, however I see a potential short trade opportunity at the confluence levels noted on the chart
• This also could perform a negative divergence on the stochastic (maybe)

Hourly Chart

• The H4 chart looks interesting, there could be a double top / near double top if you just look at this screen shot
• Having said that, on the daily chart It seems practical if we take out the 2014 highs before continuation of the downtrend (which is in sync of my analysis in both daily and wkly)
• Although my daily and wkly analysis does not agree with the H4 , i still would be interested to short it on the H4 as its a good S/R trade as well if it does get there.

Outlook Trade opportunity

Short at the H4 chart
Potential Long break 2014 highs on Daily / Wkly
Potential Short on Daily and Wkly after new highs

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD Forecast and Trade Setup for the week 06.05.14

AUDUSD Forecast and Trade Setup for the week 06.05.14

Daily Chart

• We continue to see bullish momentum after it was trading flirting around the 92-93 area which also was the bottom trendline of the up channel
• If new highs was to perform, my daily chart has indicated the potential resistance zone

Hourly Chart

• After a performing highs at the 0.94 we were in a small down channel where we had three lows swing movement
• significant break of the descending channel and also break of bearish clouds shows a pretty bullish AUD Strength
• I would be buying dips to test the 0.94

Outlook Trade opportunity

Buying dips before reaching 0.94 + potential setup for short above 0.94 (As shown on h4 chart)

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

Holiday notice

Hi traders! I will be on holiday until end of nxt week so most likely i wont be updating my blog unless i spot something really exciting

I will be going down to sydney so any traders wanting to catch up for a coffee please facebook message me!

Safe trading