Tuesday, August 19, 2014

AUDUSD Forecast and Trade Setup for the week ending 22nd August, 2014

AUDUSD Forecast and Trade Setup for the week ending 22nd August, 2014


Weekly Chart

  • Continued to see weakness in RSI and Stochastics
Daily Chart

  • Positive Divergence to the RSI
  • MACD is showing weakness

Hourly Chart



  • Rising RSI, however is diverging


  • Possible Bearish Cypher

Outlook Trade opportunity

If today closes above 0.93350, possible run up to test close to the 0.94s before looking for short opportunity at the Cypher completion

Risk Level __


Tips -

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



NZJPY Forecast and Trade Setup for the week ending 19th August, 2014

NZJPY Forecast and Trade Setup for the week ending 19th August, 2014


Monthly Chart



Weekly Chart

  • Could be a double top for the year
  • RSI is loosing momentum
Daily Chart

  • Bounced of support with 200SMA, however nearest term resistance is holding

Hourly Chart


  • Selling momentum is still very strong (just look at the chart with the straight verticle bars down, but on retraces are very choppy and hesitant. - this tells me, sellers are still in control.

Outlook Trade opportunity

Last week we had a good opportunity to short the market and benefited from it, for now, we would watch closely until market tells us or short scalps opportunity on rallies.

Risk Level __


Tips -

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