Gold XAUUSD Trade Setup for 24th March, 2014

Gold XAUUSD Trade Setup for 24th March, 2014

Hourly Chart

Outlook Trade opportunity

Have went long after a 15min pin bar from the 88.6 fib level, near term support. Looking for 1340+

Also is a cypher pattern

Cheers

Risk Level LOW

Tips -

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

EURJPY Forecast and Trade setup for the week 24th March, 2014

EURJPY Forecast and Trade setup for the week 24th March, 2014

Daily Chart

• Stochastics is having a positive divergence, however due the the market condition of the Nikkei index, I am biased to the downside

Hourly Chart

• Broken ascending trendline
• Negative stochastic divergence
• Ichimoku Clouds is nearing which could do as resistance
• I also see a cypher pattern complete right now on the hourly / 4hr

Outlook Trade opportunity

At writing this analysis, I have entered a short position targeting 139.90. However risk is high as we are trading close to support than resistance.

Risk Level Medium

Tips -

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

AUDUSD Weekly Forecast and Trade Setup for 24th March, 2014

AUDUSD Weekly Forecast and Trade Setup for 24th March, 2014

Daily Chart

Note - the small Daily Candle is actually a Sunday (my brokers Timezone)

• After the news from the FED it performed a bearish day last Wednesday, However market performed a bullish pin bar on the following day, and the bullish momentum did carry on till Friday
• Also the Major crosses to the USD, the Aussie was the most resilient.
• Most importantly we have had already couple of days which we are closing at this strong resistance (Monthly Pivot R1, and this weeks Weekly Pivot), This shows to me that there is still strength to the upside
• I believe there is one more leg up towards the 0.92-0.925
• There is a ascending channel which we are in
• Note that there is this harmonic pattern (cypher) which completes around 0.93

Hourly Chart

• Chart is taken around noon Asian session (monday) - you will see the 4hr pin bar (news affected sell off but rebounded)
• The Ichimoku clouds on the 4hr, is not far away, and could provide resistance to push the market to trade above 0.91

Outlook Trade opportunity

Any pull back towards 0.9030 would consider to open longs

Risk Level Low

Tips -

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

AUDUSD Potential Levels to look for bounce / Scalp

AUDUSD Potential Levels to look for bounce / Scalp

• There are two levels today which has good confluence for a bounce
• The first one is at the 38.2 / 50% / 161.8 confluence (however this is done already and I have scalped this for 15pips
• The Second one is a 200ext / 61.8% / Daily Pivot S1

Tips -

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