NZDUSD Forecast and Trade setup for August / September 2014
- Cypher in play?! and with other factors supporting
Monthly Chart
- Trend is still bullish and trading above the highs of last Decades
- RSI broke the descending channel and possible test of the ascending trendline
- Possible that we have yet to reach the D as shown on the chart
Weekly Chart
- Broke out of the triangle, it is possible for price to move back in it before continuing to the upside burst
- RSI broke to the downside
Daily Chart
- Cypher Pattern identified, (another pair is the GBPUSD also has the same pattern)
- RSI broke to the upside and is a good indication for longs
- Stochs also positive divergence
Hourly Chart
- If you haven't entered , advisable to enter at a retrace after it breaks the descending channel.
- RSI broke to the upside
Outlook Trade opportunity
Just read the Daily and Hourly for clues !
Good for a H4 chart trade
or
Position trade on a Daily / Weekly - With wide stops
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
AUDUSD Forecast and Trade Setup for the week ending 29th August, 2014
Monthly Chart
- Monthly Chart we are trading very near the fat resistance zone
- However if we do break the resistance zone, a very near next resistance from confluence of fibs is there
- There is also the descending trend line channel
Weekly Chart
- Oscillators are showing upward momentum
- Will look at the RSI to break to the upside for a possible long
- Be Cautious as Huge resistance zone
Daily Chart
- Daily Candles from resistance is showing good support giving us a bullish outlook for the near term
- Again, looking for the RSI to break to the upside for a long
- On the otherhand, we have monthly pivot / resistance possibly stopping the aussie longs
Hourly Chart
- Just look at the chart... :)
Outlook Trade opportunity
Looking for scalp buy trades opportunity to monthly pivot
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
