NZDUSD - Possible Bullish Cypher

NZDUSD - Possible Bullish Cypher

Hourly Chart

• its at a support zone.. but need to be carefull here because of the steep selling and bullish momentum of the US Dollar index. - Could have a small bounce.....

Risk Level HIGH

Tips -

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

NZDJPY Forecast and Trade Setup 16th July, 2014

NZDJPY Forecast and Trade Setup 16th July, 2014

4 Hour Chart

• Approaching near term support with the confluence of the following
• Monthly Pivot
• Weekly S3 Pivot
• Fib Ext 127.2
• Fib Ext 200
• Fib 38.2
• Fib 50
• H4 200SMA

With the above, I shall be interested for a high probability trade at this level (88.250)

Risk Level LOW

Tips -

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

AUDUSD Daily Outlook for the week ending 18th July , 2014

AUDUSD Daily Outlook for the week ending 18th July , 2014

Weekly Chart

• Negative stochastics Divergence still in play as noted last week's analysis
• Last weeks candle was an inside bar

Daily Chart

• Recent Support is still holding quite well (0.93350) after the strong selling from two wks ago. Last week we did try to revisit the highs but a confluence of 61.8 and resistance zone has provided resistance to push down to sub .940

• For this week, i shall look for market to retest the 0.94250-945 for a negative candle to evolve before taking a short.

• Note - The Ichimoku clouds are thin which is a sign where the market could easily break the clouds and start changing the trend

Trend Filter	Daily	H4	H1
3 MA Cross	Bullish	RANGE	Range / No trend -
30SMA	Above however 30ma is slightly pointing down	Above	Above
50SMA	Above	Above	Above
100SMA	Above	Below	Above
Ichimoku	Bullish	Bearish	Bearish
SCORE	4/5 Bearish	2/5 Bearish	1/5 Bearish

Outlook Trade opportunity

Please see daily

Risk Level __

Tips -

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

AUDUSD Forecast and Trade Setup Levels to watch - Monday 7th July , 2014

AUDUSD Forecast and Trade Setup Levels to watch - Monday 7th July , 2014

Weekly Chart

• Note that we have negative divergence on stochastics

Daily Chart

• We have had two huge negative days and with Thursday wiping off the gains from last week
• I have noted the two scenarios - If support holds i believe a retrace to test the 0.94's is possible before further selling pressure
• If we break the support with ease, i'll look for pull back of broken support to ride it down to next support level

Hourly Chart

• We may start the week trying to retrace some of the losses last week, therefore i have noted the Resistance zone for possible short orders in green (which is also the pivot and 38.2 fib

Trend Filter Table

Trend Filter	Daily	H4	H1
3 MA Cross	Bullish (however 30 and 50 is close)	Bearish (have not crossed but pointing south)	Bearish
30SMA	Below	Below	Above
50SMA	Holding	Below	Below
100SMA	Above	Below	Below
Ichimoku	Bullish	Bearish	Bearish
SCORE	1/5 Bearish	5/5 Bearish	4/5 Bearish

*This table is to help you determine your direction of trades based on different Time Frames.

Outlook Trade opportunity

Market could try to retrace to target 0.9390, and there we would look for selling signals from price action

Risk Level LOW

Tips -

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

USDCAD Live Trade example 3rd, July, 2014

USDCAD Live Trade example 3rd, July, 2014

Hourly Chart

Buy at 61.8 retrace (which is what i did)
Or a lesser risk of 78.6 with pivot level confluence

- trading smaller size position ahead of NFP

Tips -

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

EURJPY - Two buy limit trade examples this week

EURJPY - Two BUY STOP trade examples this week

Hourly Chart

Its been a long time since I wrote a post on trade examples.  So what I have here is a breakout trades.  The good thing about these are the probability is higher than having a limit order which could seem to be picking tops and bottoms sometimes.

First trade (55pips profit)

• Prices bounced off support however limited by the previous minor broken support which became resistance.  (note tested two times, ,but second time it was a light retrace to other downside before trying a third time, so thats when i know if it breaks a new high, then it should go further to last weeks highs.  

• therefore i placed a buy stop order

Second Trade

• First two days of the trend this week is bullish, so looking at a good fib retrace level which also is a top bottom level, 
• I saw the price reaction and could see the potential for price to go up to  yesterdays low which is a minor resistance, but instead of buying at market, and placing stop loss at todays low, the probability of placing a buy stop order and going in my favour is more in the odds.

Just a quick summary of how and why i took these trades, If you don't understand please ask, as my explanation in words is not that great! :D

AUDUSD Update after breakout to the upside

AUDUSD Update after breakout to the upside

Daily Chart

• Possible targets to 0.97, however resistance at 0.950-0.955 is near term resistance with confluence levels

USDJPY Trade Scalp Setup

USDJPY Trade Scalp Setup

Hourly Chart

• Because My Trend Filter for the 1hr time frame is giving me bullish signals and with price action starting to have higher high and higher lows , i am looking for long scalps tomorow
• Confluence of 61.8 and 50 fib together
• Previous resistance which now is support (top bottom)
• 30 and 50 SMA is around that level
• Nikkei is strong (which is positive correlation) however do note the DXY is weak which may have an effect, however as we are trading at strong support the risk is lower

Outlook Trade opportunity

As per hourly chart

*note to trade lightly as against the 4hr and daily trend

Risk Level MEDIUM

Tips -

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

NIKKEI Forecast and Trade Setup for the week ending 4th July 2014

NIKKEI Forecast and Trade Setup for the week ending 4th July 2014

Daily Chart

• I haven't updated my analysis since 14th of April 2014 - Back then where I predicted that we could go long and aim for new highs.

• We are now trading well above the 3 x Moving averages and above the Ichimoku after very strong bullish price action moves.  
• The next major resistance is our yearly highs and potentially if we broke above that we could aim for 17000

USDJPY Forecast and Trade setup for the week ending 4th July, 2014

USDJPY Forecast and Trade setup for the week ending 4th July, 2014

- Take note of the H1 Trend Filter chart

Daily Chart

• Yesterday closed at the support, and will be looking to see if there is any bullish price action reaction from it (on the 1 Hourly we have bullish signals)
• Note the USDJPY is one of the weaker ones today compared to other yen crosses. This is due to the fact that the us dollar index has fallen through major support today. 

Hourly Chart

• Interesting scenario here where Daily and H4 is all pointing bearish indicators, however H1 just past few hours managed to be in a bullish territory according to the table below
• possible bullish setup at a support zone

Trend Filter	Daily	H4	H1
3 MA Cross	Bearish	Bearish	30/50 crossed to bullish
30SMA	Below	Below	Above
50SMA	Below	Below	Above
100SMA	Below	Below	Above
Ichimoku	Bearish	Bearish	Broke above the bearish clouds (Bullish signal)
SCORE	5/5 Bearish	5/5 Bearish	ALL Bullish SIgnals

Outlook Trade opportunity

On a H1 we could look for retrace and possible take a long trade to test 101.6-101.7 , however it is good to take note that us dollar index is very weak

Risk Level - Low Medium

Tips -

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

DXY US DOLLAR INDEX - Broke support, Next support to keep an eye on

DXY US DOLLAR INDEX - Broke support, Next support to keep an eye on

Daily Chart

• Very bearish condition as we have a very negative day yesterday breaking the 80 level / support
• Support is found possibly at a 61.8 retracement level, however strong support is at the 78.6 retracement

Hourly Chart

• Possible bounce could be found at a 61.8 retracement, however could be short lived as it could continue another leg down
• Note - we have NFP one day earlier this week which could possible bring a reversal

Tips -

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