Monday, August 18, 2014

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



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