XAUUSD (GOLD) Forecast and Trade Setup - 3rd March, 2014

XAUUSD (GOLD) Forecast and Trade Setup - 3rd March, 2014

Daily Chart

• As gold pushes higher, Stochastic are diverging

• Reaching resistance (yellow box)

• Bearish Cypher completes above the resistance - if so it might be false break if pattern is to work

Outlook Trade opportunity

Short at Bearish Cypher or Resistance
Should wait for price action to confirm

this also should be the same time the commodity currency turns (correlated)

AUDCHF Forecast and Trade setup for the week 3rd March, 2014 (Bullish Bat nearing completion)

AUDCHF Forecast and Trade setup for the week 3rd March, 2014

Hourly Chart

We have Two Trades possibility

1) Short at the restest of broken support area which now should become Resistance - 

• Overlapping fib of 50% and 38.2%
• Strong area of Support and resistance history

2) Long at completion of Bat Pattern

• Overlapping 88.6% fib (completion of bat pattern) and Weekly Pivot S1
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Outlook Trade opportunity

Please see above

Tips -

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

AUDUSD Bearish Cypher Harmonic Pattern Trade Setup - 3rd March, 2014

AUDUSD Bearish Cypher Harmonic Pattern Trade Setup - 3rd March, 2014

15 min chart here

Outlook Trade opportunity

Bearish Cypher is possible at a resistance area and overlapping fib and also a fib ext of 161.8 of asian session swing

Risk Level Medium

Tips -

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

USDJPY Forecast and Trade Setup for 3th March, 2014

USDJPY Forecast and Trade Setup for 3th March, 2014

Daily Chart

• My marked area of Potential Reversal Zone (in blue) is a Fib ext of 200 from the first leg down from the highs
• Look left, and you will see its also a previous resistance
• Also a 61.8 Fib Retrace level

Hourly Chart

• On the 4 hourly chart, i can identify a equal measured move, which falls right at my blue zone (PRZ zone)
• Will take this trade as a longer term trade, stops will be wide

Outlook Trade opportunity

Please see Hourly Chart

Risk Level Medium

Tips -

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

AUDUSD Short Setup perhaps? - 3rd March, 2014

AUDUSD Short Setup perhaps? - 3rd March, 2014

Outlook Trade opportunity

H1 Candle price action performed rejection pin bar during asian session

• Price action opened lower today, breaking last weeks resistance, -

• Currently filling the gap and which also is the broken support / now becomes resistance

Contradicting factors

• Stochastics has bullish divergence - however will always have these during a break of support and continuation

• Gold is appearing to wanting to break higher (positive correlation to the Aussie)

Trade recommendation

For a small risk, we can go for a short trade, with stops above pin bar

Tips -

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