USDCHF - Trade setup - Cypher pattern

USDCHF - Trade setup - Cypher pattern

Hourly Chart

Outlook Trade opportunity

I have been monitoring this pair for the whole week, as it reach potential resistance. With the market condition favouring a dollar correction
here is a good area to sell this pair is at the 78.6 - (cypher pattern), and looking towards 0.91

Risk Level LOW

Tips -

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

NZDUSD Update - 29th August, 2014

NZDUSD Update - 29th August, 2014

Update -

Writing an update of how the NZDUSD is going from my earlier blog post this week
So far it has reacted as planned,

• Cypher pattern identified on Daily Chart
• Price broke out of the bearish trend channel on the H4
• RSI broke to the upside on H4

This is an update of the 4hr Chart

1hr Chart, 

Outlook Trade opportunity

Today I'd be looking for price to retrace to the 78.6 / S2 pivot support area, for a long trade

Risk Level LOW

Tips -

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

XAUUSD Gold Forecast and Trade setup

XAUUSD Gold Forecast and Trade setup 

Weekly Chart

• RSI is showing weakness

Daily Chart

• Bullish Cypher is possible Note this pattern is not the same as the one on the 4hr chart

Hourly Chart

• 4hr Bullish cypher is possible at the next support zone
• Near term price action is in a bearish momentum, however price is trying to go back above support where it could be a false break ,
• on the other hand, price could drop to the next support if US Data is hawkish tonight

Outlook Trade opportunity

Bit of an unknown for short term trade, however, personally i have taken a short position targeting 1260-65's

Risk Level High

Tips -

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

NZDUSD Forecast and Trade setup for August / September 2014

NZDUSD Forecast and Trade setup for August / September 2014

- Cypher in play?! and with other factors supporting

Monthly Chart

• Trend is still bullish and trading above the highs of last Decades
• RSI broke the descending channel and possible test of the ascending trendline
• Possible that we have yet to reach the D as shown on the chart 

Weekly Chart

• Broke out of the triangle, it is possible for price to move back in it before continuing to the upside burst
• RSI broke to the downside

Daily Chart

• Cypher Pattern identified, (another pair is the GBPUSD also has the same pattern)
• RSI broke to the upside and is a good indication for longs
• Stochs also positive divergence

Hourly Chart

• If you haven't entered , advisable to enter at a retrace after it breaks the descending channel.
• RSI broke to the upside

Outlook Trade opportunity

Just read the Daily and Hourly for clues !
Good for a H4 chart trade 
or 
Position trade on a Daily / Weekly - With wide stops

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 29th August, 2014

AUDUSD Forecast and Trade Setup for the week ending 29th August, 2014

Monthly Chart

• Monthly Chart we are trading very near the fat resistance zone
• However if we do break the resistance zone, a very near next resistance from confluence of fibs is there
• There is also the descending trend line channel

Weekly Chart

• Oscillators are showing upward momentum
• Will look at the RSI to break to the upside for a possible long
• Be Cautious as Huge resistance zone

Daily Chart

• Daily Candles from resistance is showing good support giving us a bullish outlook for the near term
• Again, looking for the RSI to break to the upside for a long
• On the otherhand, we have monthly pivot / resistance possibly stopping the aussie longs

Hourly Chart

• Just look at the chart... :)

Outlook Trade opportunity

Looking for scalp buy trades opportunity to monthly pivot

Risk Level LOW

Tips -

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

GBPUSD Forecast and Trade Setup for the week ending 29th August, 2014

GBPUSD Forecast and Trade Setup for the week ending 29th August, 2014

Weekly Chart

• Still very bearish with No signs of reversal or pause yet

Daily Chart

• As identified previous weeks, of the potential cypher pattern, we are at the PRZ zone, however it is to note that its nearest resistant is quite strong especially with the huge downtrend
• Correct stops should be in place below the X (below the weekly S2)
• Lower Lows in price but RSI is not showing the same, (Positive Divergence)
• Could play the break of trendline on RSI
• Last week Broke support so need to be cautious

Hourly Chart

• Monday morning gaped down while on the 4HR chart at the really bottom of the support zone on my chart.
• 1st 4Hr candle is bullish to me,

Outlook Trade opportunity

While looking through my charts, I noticed that the DXY Dollar Index has reached a supply and demand zone and reacted from there, therefore it gives a long trade opportunity for the pound dollar for a intraday move and perhaps a longer hold trade (as per the Cypher on daily)

Risk Level - LOW

Tips -

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

DXY Forecast and Trade Setup for the week ending 29th August, 2014

DXY Forecast and Trade Setup for the week ending 29th August, 2014

Weekly Chart

• What a huge week for the DXY, clearly broke through resistance and having a huge bullish Candle closing at the highs
• At the time of writing this, we opened Monday gaped up, so we will monitor this.

Daily Chart

• Supply and Demand is at 82.5-82.60 area, 
• RSI Negative Divergence
• If prices do surpass the supply and demand zone, then the next resistance could be around the 83.00 level which is the upper channel of perhaps the andrews pitchfork? (dunno how to draw it but i think it looks the same!)

Outlook Trade opportunity

During asia, i am taking advantage of the gap up higher but stalled at shy of 82.60 (supply and demand) and choosing the Aussie for a small scalp to the long side.

Perhaps a small position to short the DXY with stops above 82.60

Risk Level __

Tips -

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

XAUUSD Forecast and Trade setup for August 2014

XAUUSD Forecast and Trade setup for August 2014

Daily Chart

• A large Gartley Pattern is possible which completes close to huge support

• A Smaller Gartley is fast approaching
• Would be nice if we could see positive divergence on oscillators when approaching the PRZ zone

Hourly Chart

• H4 chart shows the smaller gartley from the Daily Chart,

• As you can see it completes at a 4Hr Chart support area

Outlook Trade opportunity

I am interested on the near term Gartley (smaller pattern), as it completes nicely on the 4Hr support zone which if you scroll left, its proven to be a very important level. With the market condition of the DXY, as its fast appraching another resistance, it could be the same time where the DXY / Dollar Reverse, and Gold hits the Gartley PRZ zone
Summary, i'd like to monitor this as it approaches and look at the market condition to take this trade, If it does play out to my anticipation above, it should be a nice trade

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 22nd August, 2014

AUDUSD Forecast and Trade Setup for the week ending 22nd August, 2014

Weekly Chart

• Continued to see weakness in RSI and Stochastics

Daily Chart

• Positive Divergence to the RSI
• MACD is showing weakness

Hourly Chart

• Rising RSI, however is diverging

• Possible Bearish Cypher

Outlook Trade opportunity

If today closes above 0.93350, possible run up to test close to the 0.94s before looking for short opportunity at the Cypher completion

Risk Level __

Tips -

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

NZJPY Forecast and Trade Setup for the week ending 19th August, 2014

NZJPY Forecast and Trade Setup for the week ending 19th August, 2014

Monthly Chart

Weekly Chart

• Could be a double top for the year
• RSI is loosing momentum

Daily Chart

• Bounced of support with 200SMA, however nearest term resistance is holding

Hourly Chart

• Selling momentum is still very strong (just look at the chart with the straight verticle bars down, but on retraces are very choppy and hesitant. - this tells me, sellers are still in control.

Outlook Trade opportunity

Last week we had a good opportunity to short the market and benefited from it, for now, we would watch closely until market tells us or short scalps opportunity on rallies.

Risk Level __

Tips -

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

USDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

USDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

Weekly Chart

• Weekly candle broke trendline
• Rising Stochastics
• RSI Above 50

Daily Chart

• Broke through trendline, , retest with a good hammer - bullish look
• MACD in bullish territory

Hourly Chart

• After breaking out of the descending trendline Perhaps going break out of the range and on to 104

Outlook Trade opportunity

no setup as yet, but bullish signs

Risk Level __

Tips -

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

AUDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

AUDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

Monthly Chart

• Had been trading in a range for couple of months already

Weekly Chart

• Trading in a tight range for the most of 2014
• RSI and MACD is in the bullish territory

Daily Chart

• Support at 94.50 is proven from a strong hammer 

Hourly Chart

• Looks primed to test resistance 96.200 where it would be a confluence of
• 88.6 Fib retrace from July high to low
• Fib Expansion of FE100 swing from last week
• Expansion of 127.20 of swing from 8th of August 2014

Outlook Trade opportunity

For the brave to jump on board to ride it up, however must look at the JPN225 closely for strong resistance

Risk Level __

Tips -

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

AUS200 Forecast for the week ending 22nd August, 2014

AUS200 Forecast for the week ending 22nd August, 2014

Monthly Chart

• Monthly Chart looks for an upside potential to test 6000
• To note MACD lines looks crossing, however monthly candle not closed.
• RSI trading above 50 and contracting triangle

Weekly Chart

• Price is holding onto support which was resistance until feb this year.
• If RSI breaks upwards of the triangle, should look for opportunity to go long

Daily Chart

• Two weeks ago, performed a nice Hammer from the Monthly S1 pivot / support
• Rising MACD
• RSI back above 50 pointing north

Outlook Trade opportunity

Longer term, i have a bias of new highs.
Would only trade this if any price action from retrace support levels gives us the opportunity

Risk Level __

Tips -

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

JPN225 Forecast for the week ending 22nd August, 2014

JPN225 Forecast for the week ending 22nd August, 2014

Weekly Chart

• Rejection candle shown at resistance as we near the 2014 opening highs
• RSI negative divergence

Daily Chart

• Rejection at the 78.6 retrace from year highs to low
• Continued weakness on the RSI and divergence

Hourly Chart

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Outlook Trade opportunity

From the Daily, there has strong momentum to the downside as it rejected the 78.6fib, , however a pin bar supported at the 15000 level, so we might be in a range with the bull bear fight. . , however oscillators favors the down side, Top side i see 15400 as huge resistance and where market would try to push there to wait for reaction, If it gives me a short signal i shall enter / or a sell limit order if your brave

no trade as of now...

Risk Level __

Tips -

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

DXY Forecast and Trade setup for the week ending 22nd August, 2014

DXY Forecast and Trade setup for the week ending 22nd August, 2014

Weekly Chart

• MACD is pointing north and staying above the bullish line
• Although there are a shooting star candle, the body did not close in the body of the previous candle, therefore it is not a clear signal for a trend reversal as yet (Neutral)

Daily Chart

• Rising Macd also shown on the daily chart, however there is a cross which possible could signal some correction before another leg up perhaps
• Ascending Channel
• Next Key Resistance is around 82.50 where its the 61.8 and previous supply and demand zone

Hourly Chart

• We see a negative divergence in both MACD and RSI
• Support should hold at the confluence area of Weekly S3 Pivot, Monthly PIvot and fib 38.20

Outlook Trade opportunity

Buy Limit at approx 80.90-81

Risk Level LOW

Tips -

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

NZDJPY Bearish Cypher Scalp 15min Chart - 15th August, 2014

NZDJPY Bearish Cypher Scalp 15min Chart - 15th August, 2014

15 Min Chart

• Pattern is forming at resistance
• Also at a 87 number

Hourly Chart from yesterday's analysis setup

Link to yesterday's setup is here - 

Outlook Trade opportunity

Sell limit at 78.6 fib retrace level

Risk Level LOW

Tips -

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

JPN225 Forecast - 15th August, 2014

JPN225 Forecast - 15th August, 2014

Weekly Chart

• Rejection candle shown at resistance as we near the 2014 opening highs
• RSI negative divergence

Daily Chart

• Rejection at the 78.6 retrace from year highs to low
• Continued weakness on the RSI

Outlook Trade opportunity

In April, i foretasted the uptrend perhaps going to new highs, (we have yet obviously), this view is still in place in the long term view.
Near term, i think we are going to be in a range with 15000 holding

From the Daily, there has strong momentum to the downside as it rejected the 78.6fib, , however a pin bar supported at the 15000 level, so we might be in a range with the bull bear fight. . , however oscillators favors the down side

no trade as of now...

Tips -

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