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 -

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