EURAUD Trade setup - 30th September, 2014
Tuesday, September 30, 2014
Monday, September 8, 2014
USDCAD Forecast and Trade setup for the week ending 12th September, 2014
USDCAD Forecast and Trade setup for the week ending 12th September, 2014
Weekly Chart
- If we stay above support, this area is wide and previously had huge movements .
Daily Chart
- Staying above support with many tails , as well as Two EMA is looking to cross
- Note there is weakening and negative RSI divergence
Hourly Chart
Outlook Trade opportunity
Could be ranging, but favour long tradesRisk Level Low
Tips -
Always take note of any economical news event on our provided calender belowUSDJPY Forecast and Trade setup for the week ending 12th September, 2014
USDJPY Forecast and Trade setup for the week ending 12th September, 2014
Weekly Chart
- Strong resistance - needs to see clear break for continuation
Daily Chart
- Indecisive candle close on friday, , however i still favor the upside as the retracements are very shallow
Hourly Chart
- There is negative divergence on all three indicators - i expect some minor pressure, and price to go into the low - mid 104 and look for a bounce
Outlook Trade opportunity
Long trade around the low 104Risk Level __
Tips -
Always take note of any economical news event on our provided calender belowJPN225 Forecast for the week ending 12th September, 2014
JPN225 Forecast for the week ending 12th September, 2014
Weekly Chart
- Although we are at strong resistance, the candle closed positively in the zone, i would expect that we would break resistance
Daily Chart
- As we drill down to the daily time frame, we can see that there is some good resistance yet to be tested. We would need clearly price action to know where it want to head to
Hourly Chart
- Looks more likely to the upside as we only see shallow retracements for now
Outlook Trade opportunity
Long trades prefer, but need to be careful with strong resistance nearing.Risk Level __
Tips -
Always take note of any economical news event on our provided calender belowThursday, September 4, 2014
EURUSD Forecast and Trade Setup for the week ending 5th September, 2014
EURUSD Forecast and Trade Setup for the week ending 5th September, 2014
Weekly Chart
Daily Chart
- We have touched and respected a daily support
- RSI has positive divergence
Hourly Chart
- On the hourly we have rejected from a resistance zone from an hourly chart
- RSI reading is rising
Outlook Trade opportunity
Because on the Daily chart, we have respected the support zone, we could do some long intraday trades.If prices comes back to 1.313 and long trade for a 1:1 is ideal
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender belowMonday, September 1, 2014
USDCHF Forecast and Trade setup for the week ending 5th September, 2014
USDCHF Forecast and Trade setup for the week ending 5th September, 2014
- Bullish signals
- I was wrong last week where I was monitoring this pair trying to top pick it
- I did not understand or identify the price action where it was travelling inside the resistance zone where previously we only see daily wicks , however we saw the body of the candles and was in the range for a few days. I also did not drill down a lower timeframe and look closely at my support and resistance zones.
Monthly Chart
Weekly Chart
Daily Chart
Outlook Trade opportunity
Looking for Long scalps towards next resistanceRisk Level low
Tips -
Always take note of any economical news event on our provided calender belowEURAUD Forecast and Trade setup for the week ending 5th September, 2014
EURAUD Forecast and Trade setup for the week ending 5th September, 2014
- On the watch list for possible break of support and ride it down
Monthly Chart
- Monthly Candle - Bearish
- Nearing Possible support perhaps?
Weekly Chart
- Weekly Candle - Bearish
- Trading below 50EMA
Daily Chart
- Daily Chart has a cleaner S/R , to me, further weakness is favorable due to the candle closing at its lows at support. I would look for a break and retest and target to the mid point and trail to the next support after.
Hourly Chart
- Price is staying very condensed in the s/r zone and with no signs of reversal. I would look for a significant break of support and sell into that (as per my comments on daily)
- It is to note that there is RSI Divergence on the H4
Outlook Trade opportunity
Favor the downside on this pair, looking for price to break support convincingly and look for an opportunity to short it and ride towards the mid point of 2013 and trail to the next support after.Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
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