EURJPY Bearish Cypher - 31st March, 2014

EURJPY Bearish Cypher - 31st March, 2014

Hourly Chart

• From my earlier analysis - EURJPY Forecast 31st, March 2014, I noted potential levels to look for, price has accelerated very quickly during london, and has past our first resistance area., Which now could come to our next resistance where a bearish cypher and trendline comes in

Outlook Trade opportunity

Bearish Cypher

Risk Level - Medium

Tips -

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

CADCHF Forecast & Trade setup 31st March, 2014

CADCHF Forecast & Trade setup 31st March, 2014

Daily Chart

Hourly Chart

• Although the Daily, Hourly charts MA has not crossed , on the H1 , price is trading below the 50ma
• Also 15min has crossed, and 30min is very close to being crossed
• With the Daily Candle Shooting star from a Good Resistance and with a sharp drop in price in the H4, shows good indication of a bearish trend for the week

Outlook Trade opportunity

I am already on a short during the asian session on Monday, If prices go retrace to teh highlighted level on my H4 chart above, it would be a good opportunity for a short for a smaller risk.

Risk Level LOW

Tips -

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

EURJPY Forecast and Trade Setup for 31st, March, 2014

EURJPY Forecast and Trade Setup for 31st, March, 2014

Daily Chart

• Positive Divergence in Stochastics while MACD stays above positive territory

Hourly Chart

• Trading below the Ichimoku Clouds, however nearing to test its resistance
• Trendline , and Important Fib levels also around the clouds
• Stochastics on H4 is overbought
• My bias is to short this and continue the bearish leg (AB =CD)

Outlook Trade opportunity

Look for candle formation around the potential resistance reversal zone as per H4 chart

Risk Level LOW

Tips -

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

Week Ahead Report on Youtube - @dodgyfx

Week Ahead Report on Youtube - @dodgyfx

Check out whats in the week ahead. Video produced by a friend all over in the UK

Check out his blog as well
http://dodgyfx.blogspot.co.uk/

Daily Candle's (Shooting Star or Hammer) to be on a look out for potential Trades

Daily Candle's to be on a look out for 

This is a list of the pairs which had a Candle Pattern to be on a look out for potential trades for reversals

• GBPAUD Hammer (2)
• CADCHF Shooting Star (4)
• EURCAD Hammer (3)
• EURNZD Hammer (3)
• AUDCHF Shooting Star (2)
• AUDUSD Shooting Star (3)

(Note 4 is the strongest)

Outlook Trade opportunity

To be on a lookout for any retrace and trade potential reversal

Risk Level Low

Tips -

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

AUDUSD Scalp for today 31st March, 2014

AUDUSD Scalp for today 31st March, 2014

15 Minute Chart

• Long Trade (In overall bullish trend) - Expect bounce from Daily S1 + 50%+ 127.2
• Short trade (Against overall trend, but in trend of 15min - Expect rejection from Daily Pivot and 38.20%

Outlook Trade opportunity

Long and Short trade as chart suggest

Risk Level LOW

Tips -

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

AUDUSD Weekly forecast and trade setup for 31st, March, 2014

AUDUSD Weekly forecast and trade setup for 31st, March, 2014

• Have we topped and Bearish Cypher in play?

Weekly Chart

• Few weeks ago I have indicated the Flat Kinko Line (Blue line) which usually attracts the price towards it, This has obviously been achieved last week
• Stochastics is oversold, and I expect this week for prices to retrace down

Daily Chart

• From Fridays Candle it seems perhaps we have found the top or at least a breather with few resistance in play
• Upper chanel
• 127.2 fib ext
• 78.6 Cypher completion (around 2-3pips away from pin point)
• Previous Support which now is resistance

Hourly Chart

• Would be looking for price to break and close support of 0.9218 to confirm change of trend .

MOVING AVERAGE Charts

Daily Trading Above 200MA (but other MA's are messy)
Daily Trend - Unknown

H4 MA are in line in a bullish trend (50,100,200 all in sync)
H4 Trend - Bullish

H1 MA are in Bullish Trend (50,100,200 all in sync)
However price is flirting the 50MA
H1 Trend - Bullish

15min MA - perhaps start of bearish trend as the 50 and 100 crossed (200ma yet to)
15Min Trend - Bearish Perhaps?

MA trend - Still in a bullish Trend overall

Outlook Trade opportunity

• Would be looking for price to break and close support of 0.9218 to confirm change of trend

Risk Level

Tips -

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