GPBJPY Trade setup for 13th January, 2014 (Monday)

GPBJPY Trade setup

UPDATED - trade did not work, although strong support, - i did not realize the pivots of weekly and daily was broken if from that level.

This is next setup which i am in now

AUDUSD forecast for the week 13th January, 2014 (Monday)

AUDUSD forecast for the week 13th January, 2014 (Monday)

Daily Chart

• The Aussie is currently trading above .90 level
• I expect the Aussie to reach the .91-.915 level
• Stochastic from the previous test of support was showing good divergence to the upside

Hourly Chart

• Bullish trend should continue this week,
• I will look for trade opportunity for bullish trend continuation retrace to ride it up

Outlook Trade opportunity

There is three setups on display on the chart above

Risk Level- LOW

Tips -

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

USDJPY forecast for the week 13th January, 2014

USDJPY forecast for the week 13th January, 2014

Daily Chart

• The weaker dollar will drive the dollar yen lower and i expect it to test the 102 level and rebound

Hourly Chart

• As my chart suggest, i expect prices to reach my target area

Outlook Trade opportunity

There is two trades, one on a daily chart where you will need to trade a very small position as stops and targets are very wide however RR should be 1:2

The other is on the hourly chart, where if you want to counter trade, buy at the lower part of my target area, or if you follow trend, sell on retrace but with a distance for profit to the target area.

Risk Level LOW

Tips -

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

EURUSD forecast the week of 13th January, 2014

EURUSD forecast the week 13th January, 2014

Daily Chart

• Resume of bullish momentum is expected this week due to a weaker US Dollar both technical and Fundamental 
• If we break through 1.372 we may see a tripple top or my earlier forecast of a new high of 1.395 

Hourly Chart

• On an 4hr chart the most recent swing was down, so we will look for an opportunity to short it (although it may contradict the daily chart analysis which is a longer term view)
• The 1.372 level is a place to look closely where it has three obstacles (fib retrace 61.8 and two fib extensions confluence)

Outlook Trade opportunity

As 4hr chart suggest, a sell order around the 1.372 level.

Risk Level LOW

Tips -

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