EURUSD Price Action Setup - 31st October, 2014

EURUSD Price Action Setup - 31st October, 2014

Daily Chart

Hourly Chart

• Support level supported by a Daily candle close at support
• 4hr candle also showing the same
• Supporting analysis on a failing rally on the US Dollar Index / USDCHF is the factor supporting this counter trend trade here.

Outlook Trade opportunity

We are looking at around a 1.5 :1 reward to risk here, with buy limit at around the 50-61.8% fib retrace of the bounce from support.

You can also wait for a 1hr Price action candle setup and enter with more conviction

Risk Level Medium - Note we are doing counter trend trade here

Tips -

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

US Dollar Index DXY & USDCHF Potential failing rally on a Cypher Pattern - 27th Oct, 2014

US Dollar Index DXY & USDCHF Potential failing rally on a Cypher Pattern - 27th Oct, 2014

Hourly Chart

Outlook Trade opportunity

The Cypher on the DXY chart is a much better 78.6 where it is at a good Resistance level, however on the USDCHF its not as significant. How we may play this is we can also anticipate that the dollar strength might fail to rally to new highs for the meantime and some weakness is to come. Being the case we could play the majors dollar crosses and find the strongest currency against the USD to go long.

Risk Level __

Tips -

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

GBPNZD - Medium Term Outlook - 27th October, 2014

GBPNZD - Medium Term Outlook - 27th October, 2014

Wkly Chart

• We have seen rejection at the 2.10, after breaking resistance which now comes in at support 2.04 where now could have a range bound trading.

Daily Chart

• 
  

Outlook Trade opportunity

Medium term i favor the upside, therefore if prices to fall to the low 2's , we could go long
note - will look at the GBPUSD and NZDUSD (with NZDUSD heading to new lows and GBPUSD holding or at strong support)

Risk Level __

Tips -

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

AUDUSD Update Medium Term Forecast

AUDUSD Update Medium Term Forecast - 27th October, 2014

Weekly Chart

• Watch for RSI on a retest of the channel

Daily Chart

• After hitting Yearly lows, the Aussie has held but in a very range bound between .865-.88,
• Resistance should come in around 0.895-.90
• Note - please watch RSI on a close above.

Outlook Trade opportunity

Looking for clearly price action - to the downside

Risk Level __

Tips -

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

GBPUSD Medium Term Forecast - 10th October, 2014

GBPUSD Medium Term Forecast - 10th October, 2014

Targets @ 1.58 - 1.57 approx...?

Weekly Chart

• Will be interested to see how the week ends and where the candle will close (below or above the trendline / triangle we had on the weekly)

Daily Chart

• Yesterday's daily candle is a good signal for continuation
• Next support comes in at 1.585 where we might get a bounce
• If prices break this level, then the next support will be a strong one where it meets the mid point of 2013 as well as two strong fib levels of 161.8 fib, and 61.8 fib

- note the black lines are support and resistance lines identified using a line chart

Outlook Trade opportunity

Short preferred till next support at 1.585

Risk Level __

Tips -

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

AUDUSD Targets 0.81

AUDUSD Targets 0.81

Monthly Chart

• September Monthly candle close engulfed nearly the whole years gain

Weekly Chart

• We are approaching very rapidly to test 2014 lows, and with the strong pressure, I favor the targets towards 0.81 of this Decades Low

Tips -

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