USDJPY Outlook & Trade Setup for the week 3rd - 7th February 2014

USDJPY Outlook & Trade Setup for the week 3rd - 7th February 2014

Monthly Chart

• Rejection from the 61.8% retrace + Trendline
• Negative divergence in stochastic

Weekly Chart

• Last week candle is negative
• We have a steep ascending trendline
• Stochs should have divergence when support is found

Daily Chart

• Daily candle closed the day lowest of the week
• Please note to also look at ichimoku indicator on yen pairs, - you will see we are trading in the clouds,, and that the bottom of the clouds is where my blue buy zone is.  Also the lines are becoming horizontal which have higher chance for price to attract higher.

Hourly Chart

• Buy setup as shown on chart

Outlook Trade opportunity

Long setup is shown on Hourly chart, - could wait for price action to confirm before entering or using pending buys. - Please note to take profits / partials when we get 2x reward to risk.

Risk Level Low

Tips -

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

AUDUSD Forecast & Trade Setup for 3rd -7th Feb, 2014

AUDUSD Forecast & Trade Setup for 3rd -7th Feb, 2014

Monthly Chart

• Monthly candle has lower lows, and looks very heavy
• Stochastic is diverging

Weekly Chart

• Pretty much similar to the monthly, looks heavy as we broke support and looking down to my blue potential reversal zone

Daily Chart

• A different story on a daily chart it seems we may have found support
• Friday's Candle shows a bit of bullish momentum starting
• Stochastics are diverging nicely
• Chart also shows a potential cypher pattern (bit optimistic outlook as it has to break through broken support which now is resistance 
• Another trade which follows the trend like a stepping block is a retest of the resistance. and could short there for a scalp.

Hourly Chart

Outlook Trade opportunity

• A buy setup is shown in Hourly Chart
• A sell setup is shown (which is my optimistic cypher pattern)
• A trend follow stepping block style trade is drawn on Daily chart - however zooming in to hourly doesn't seem convincing, .. -

Note, although bearish overall view, the Friday Daily candle shows rejection from below, and with the last 4 hour candle action, it has closed at a minor resis area, so would need to let the market tell us its short term trend this week

Risk Level LOW

Tips -

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

EURUSD Special Edition with Youtube - Outlook for the week 3rd - 7th February 2014

EURUSD Special Edition with Youtube - Outlook for the week 3rd - 7th February 2014 

Check out our first video trial post!

Monthly Chart

• Finally have a bearish candle month
• Rejection from the 61.8 retrace which also is a long term descending trendline
• Stochastic Negative Divergence
• note price closed at the 50% retrace level and if you scroll back, its at a close area of good support and resistance 

Weekly Chart

• Bearish engulfing candle
• Fibs in grey are of most recent swing up, and we have broken the 61.8 level, and looking at the 78.6 to 88.6 retrace level closely as its a strong level 
• Stochs are oversold

Daily Chart

• New low since November 2013
• Levels to watch is the same shown in weekly chart

Hourly Chart

• Have shown the trade setup from the 1.34080 level,
• reason is its a 78.6 fib retrace (bit under), 127.2 fib ext from dec high to mid jan low, you also have a 141.4 fib ext reverse

Outlook Trade opportunity

Please see hourly chart
Trend followers could short at a retest at the 61.8 fib / previous support (only if price has not touched my buy zone yet. (note on the video i was a bit hesitant on a trend follow trade)

Risk Level Low - medium

Tips -

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