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Friday, August 15, 2014
JPN225 Forecast - 15th August, 2014
JPN225 Forecast - 15th August, 2014
Weekly Chart
Daily Chart
Outlook Trade opportunity
In April, i foretasted the uptrend perhaps going to new highs, (we have yet obviously), this view is still in place in the long term view.Near term, i think we are going to be in a range with 15000 holding
From the Daily, there has strong momentum to the downside as it rejected the 78.6fib, , however a pin bar supported at the 15000 level, so we might be in a range with the bull bear fight. . , however oscillators favors the down side
no trade as of now...
no trade as of now...
Tips -
Always take note of any economical news event on our provided calender belowDXY - Update Friday 15th, August, 2014
DXY - Update Friday 15th, August, 2014
Daily Chart
- This contradicts my forecast earlier in the week of potential dollar weakness from last weeks price action. Earlier Mid week we did see short lived dollar weakness and capitalized on the move., However as week ends, price is holding quite well in this zone, (broken resistance which now becomes support) and oscillators are giving buy signals
- Therefore perhaps the case builds to upside potential favours
Tips -
Always take note of any economical news event on our provided calender belowEURNZD Position Trade for 2014-2015
EURNZD Position Trade for 2014-2015
Weekly Chart
- After 4 consecutive years of the down trend, last year in 2013 we saw a bullish momentum take place
- Broke out from a bearish wedge formation in 2013
- In 2014, prices has retraced back towards a possible forming upward trendline / near lows of 2012 and 2013
- A bullish bat pattern also signals possible reversal pattern
Daily Chart
- Ascending MACD Oscillator broke through above the 0 line after reacting from the PRZ of the weekly bat pattern
Outlook Trade opportunity
Long at around the most recent upward swing fib 38.2 - 50 level, with stops either at the 2013 low OR the low of 2014At least aim for a 2:1 Reward to risk
Risk Level - LOW
Tips -
Always take note of any economical news event on our provided calender below
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