DXY US Dollar Index - Forecast for the week ending 4th July 2014

DXY US Dollar Index - Forecast for the week ending 4th July 2014

• Approaching major support

Daily Chart

• Very bearish price action last week
• We are approaching the 80 level / and support and fib 50 level - It would be ideal to wait for confirmation for a possible reversal to the upside

Hourly Chart

• We are trading below the 50, 100, and 200 Simple Moving Averages - which indicates a possible change of trend (to bearish), however we have strong support coming in
• 80.00 level with Monthly pivot and 50% fib and 127.2 fib ext of last weeks range

Outlook Trade opportunity

While approaching the support, I will be looking for confirmation for reversal signs

Tips -

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

AUDNZD Forecast and Trade Setup for the week Ending 4th July, 2014

AUDNZD Forecast and Trade Setup for the week Ending 4th July, 2014

Daily Chart

• Identified a possible Cypher Pattern - When prices do get there, will need to re-evaluate as the setup is not ideal with tight range of resistance.
• Yesterday Candle broke the support and Today would look for retest to perhaps join the bearish momentum

Hourly Chart

• Support has been broken however it still could be a false break as it was quite deep and a bullish engulfing pattern, (however has not closed above the broken support which now is resistance
• Will zoom into a 1hr / 15min chart for entry to the short side if were to trade this

Trend Table

Outlook Trade opportunity

Please see Hourly

Risk Level Medium to High

Tips -

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

EURAUD Forecast and Trade setup for the Week Ending 4th July , 2014

EURAUD Forecast and Trade setup for the Week Ending 4th July , 2014

Daily Chart

• A believe that there is one more swing low which could be the third drive
• Minor support had been broken which could indicate further downside
• Note next major support is at the 1.40 level

Hourly Chart

• As per Daily chart, it shows to me that we have broken the minor support
• Break of the trendline could potentially head down further to 1.41-1.40

Trend Filter Chart

Trend Filter	Daily	H4	H1
3 MA Cross	Bearish	Slightly Bearish	30 crossed 50
30SMA	Below	Below	Below
50SMA	Below	Below	Below
100SMA	Below	Below	Below
Ichimoku	Bearish	Bearish	Bearish
SCORE	5/5	5/5	5/5

Verdict – Perhaps only short trade is ideal while all Time Frames is pointing strongly bearish

Notes – Approaching 1.40 – 1.41 is where next major Support is.

Outlook Trade opportunity

Short trade after break of the trend line on H4

Risk Level Medium

Tips -

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

NZDUSD Forecast and Trade Setup for the week ending 27th June, 2014

NZDUSD Forecast and Trade Setup for the week ending 27th June, 2014

Daily Chart

• Very bullish price reaction from 0.84 level which is also a previous broken major resistance which now becomes support
• Note that we are trading into previous highs and close to 0.88 level which is also a major resistance

Hourly Chart

• There is MACD negative divergence here , so a short trade is good with last 4H candle showing rejection from the minor resistance after breaking support
• Stops above the highs from last week
• The other is the long trade from the fib confluence of 50 fib, and 38.2 fib + 141.4 fib external extension 
• *note pivots are from last week, so will wait and see the pivots when market opens on monday. - if a pivot point falls into the confluence area then it makes the case for a long trade an extremely high reversal zone

Outlook Trade opportunity

Potential Two trades here, we can short this at open on monday with stops above last week's high, and target a 1:1 - this is because the MACD negative divergence and the low risk trade

The other is wait for price to retrace to 0.860 / Fib confluence level for a LONG trade

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 ending 27th June, 2014

USDCHF Forecast and Trade Setup for the week ending 27th June, 2014

Daily Chart

• Last week fell and rebounded from the support level and produced a Hammer Candle
• MACD is still in bullish territory however lines as crossed
• If prices were to break current support, our next support is at the Monthly Pivot which is also a strong support where it will be a top bottom trade setup

Hourly Chart

• Zooming into an hourly chart, we can see that prices bounced off the support
• If prices do retrace more it would be good to go long

15 Min Chart

• Looking at a 15 minute chart, i am looking at a potential trade off a confluence of three fibs as shown on the chart.

Outlook Trade opportunity

Look at 15 min chart

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 ending 27th June, 2014

AUDUSD forecast and trade setup for the week ending 27th June, 2014

Daily Chart

• Flag formation type pattern with price breaking to the upside potential
• Last week we produce a bullish engulfing candle hinting more upside is to come potentially breaking current resistance
• MACD is in bullish territory

Hourly Chart

• Very bullish price action last week so if price retrace to the confluence level (0.93650) 61.8 fib and 161.8 fib extension we could initiate a long position when looking on an H1 / 15min chart
• Note this weeks pivot has not reflect on the charts at time of posting, so if a weekly pivot or daily pivot falls in the same area, it will build a stronger case
• This area is also a top bottom / (previous resistance) on an H1 chart

Outlook Trade opportunity

As per Hourly chart -

Risk Level Low

Tips -

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

USDCHF Forecast and Trade setup for week ending 20.06.14

USDCHF Forecast and Trade setup for week ending 20.06.14

Daily Chart

• We are trading in to resistance zone, however price is quite strong where it is trading in and around it which suggest to me a breakout to the upside is likely
• Target to the pink zone on chart before considering any counter-trend trades

Hourly Chart

• As daily point stated, we are trading into the resistance zone, however momentum has slowed, but unless we break the current swing low / support , my bias is to the upside for this with targets shown on daily chart

Outlook Trade opportunity

Long trades / potential breakout

Risk Level __

Tips -

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

AUDUSD Forecast and Trade Setup for the week ending 20th June, 2014

AUDUSD Forecast and Trade Setup for the week ending 20th June, 2014

Weekly Chart

• Bullish Momentum is weakening with the Kijun-sen line confirming.
• It is also reacting from 38.2 fib level and minor resistance zone

Daily Chart

• From the Daily price action we can see that there is some resistance from the 38.2 fib level, and that we are attempting for the third time this year.
• If i calculate fib expansions from the swing from March to april, a FE61.8 is at the confluence level of 78.6 (Pink box on chart)
• That means It won't be suprising to see prices breach current resistance and test the 0.95 before a bigger retrace to low 90 levels

Hourly Chart

• Broke bearish trendline on the H4 chart
• Support could be found at the monthly pivot / 0.93 figure level / external of the broken bearish trendline

Below are two charts to identify the trend for Day trades / scalps (H1 and H4 Charts)

H1 - is Bearish

H4 - is Bullish

Outlook Trade opportunity

For Scalps to short till 0.93

Intraweek / medium hold trades to wait for opportunity to go Long towards 0.95 perhaps

Risk Level LOW - Medium

Tips -

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

AUDUSD Forecast and Trade setup for 09.06.14

AUDUSD Forecast and Trade setup for 09.06.14

Hourly Chart

• Potential Bearish Bat pattern
• With 88.6% fib confluence with the 127.2 fib expansion and also confluence of Weekly Pivot R1
• Descending channel treneline

Outlook Trade opportunity

Short Trade

Risk Level LOW

Tips -

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

AUDUSD potential short trade coming

Looking to short the aussie at 78.6%fib (0.935) which also is a resistance zone. ( Sorry guys screenshot of chart is just from my iphone)

- descending trendline

- possible descending channel however some may argue as its a bullish pattern

- weekly or monthly pivot (unsure which one as iam trading on my iphone)

Risk is medium as recent days had very bullish momentum 

EURAUD Trade setup and Forecast for the week 2nd June, 2014

EURAUD Trade setup and Forecast for the week 2nd June, 2014

Weekly Chart

• Weekly Stochastic are giving me a positive divergence.
• Depending how you see it, you can argue that there is a head and shoulder pattern, - although i see that, i am bias towards the upside because we did break some serious resistance, and if market is to continue to the downside, i believe market should try to test the 1.6

Hourly Chart

• Although i identified this pattern few days late, (i only came across this chart today), this setup is very juicy with low risk and good rewards.
• any retrace, would consider a long trade
• If i were to see this potential setup i would of had a pending at around the 78.6 / 88.6 with stops 10 pips below the X leg (100 fib)
• If trade was to get stopped out, the next support i would look at the weekly chart of my 78.6/88.6

Outlook Trade opportunity

H4 Long

Risk LevelLOW

Tips -

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