USDJPY Forecast and Trade Setup for the week ending 22nd August, 2014
Weekly Chart
- Weekly candle broke trendline
- Rising Stochastics
- RSI Above 50
Daily Chart
- Broke through trendline, , retest with a good hammer - bullish look
- MACD in bullish territory
Hourly Chart
- After breaking out of the descending trendline Perhaps going break out of the range and on to 104
Outlook Trade opportunity
no setup as yet, but bullish signs
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
AUDJPY Forecast and Trade Setup for the week ending 22nd August, 2014
Monthly Chart
- Had been trading in a range for couple of months already
Weekly Chart
- Trading in a tight range for the most of 2014
- RSI and MACD is in the bullish territory
Daily Chart
- Support at 94.50 is proven from a strong hammer
Hourly Chart
- Looks primed to test resistance 96.200 where it would be a confluence of
- 88.6 Fib retrace from July high to low
- Fib Expansion of FE100 swing from last week
- Expansion of 127.20 of swing from 8th of August 2014
Outlook Trade opportunity
For the brave to jump on board to ride it up, however must look at the JPN225 closely for strong resistance
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
AUS200 Forecast for the week ending 22nd August, 2014
Monthly Chart
- Monthly Chart looks for an upside potential to test 6000
- To note MACD lines looks crossing, however monthly candle not closed.
- RSI trading above 50 and contracting triangle
Weekly Chart
- Price is holding onto support which was resistance until feb this year.
- If RSI breaks upwards of the triangle, should look for opportunity to go long
Daily Chart
- Two weeks ago, performed a nice Hammer from the Monthly S1 pivot / support
- Rising MACD
- RSI back above 50 pointing north
Outlook Trade opportunity
Longer term, i have a bias of new highs.
Would only trade this if any price action from retrace support levels gives us the opportunity
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
JPN225 Forecast for the week ending 22nd August, 2014
Weekly Chart
- Rejection candle shown at resistance as we near the 2014 opening highs
- RSI negative divergence
Daily Chart
- Rejection at the 78.6 retrace from year highs to low
- Continued weakness on the RSI and divergence
Hourly Chart
Outlook Trade opportunity
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, Top side i see 15400 as huge resistance and where market would try to push there to wait for reaction, If it gives me a short signal i shall enter / or a sell limit order if your brave
no trade as of now...
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
DXY Forecast and Trade setup for the week ending 22nd August, 2014
Weekly Chart
- MACD is pointing north and staying above the bullish line
- Although there are a shooting star candle, the body did not close in the body of the previous candle, therefore it is not a clear signal for a trend reversal as yet (Neutral)
Daily Chart
- Rising Macd also shown on the daily chart, however there is a cross which possible could signal some correction before another leg up perhaps
- Ascending Channel
- Next Key Resistance is around 82.50 where its the 61.8 and previous supply and demand zone
Hourly Chart
- We see a negative divergence in both MACD and RSI
- Support should hold at the confluence area of Weekly S3 Pivot, Monthly PIvot and fib 38.20
Outlook Trade opportunity
Buy Limit at approx 80.90-81
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
