NZDUSD Trade Forecast and Trade Setup for 1st August, 2014

NZDUSD Trade Forecast and Trade Setup for 1st August, 2014

Daily Chart

• Doji type candle formation yesterday, and the day before
• Ascending Trendline
• 78.6 and support
• Weekly S1 pivot

Hourly Chart

Positive Stochastics Divergence on H4

Outlook Trade opportunity

Buy Stop above my yellow support zone would be ideal, and stops below this weeks low. 
Or you could wait until it performs a higher high on an h4 / h1 chart

looking for near 0.86

Risk Level Medium- High

Tips -

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