USDCAD Forecast and Trade setup for the week ending 12th September, 2014
Weekly Chart
- If we stay above support, this area is wide and previously had huge movements .
Daily Chart
- Staying above support with many tails , as well as Two EMA is looking to cross
- Note there is weakening and negative RSI divergence
Hourly Chart
Outlook Trade opportunity
Could be ranging, but favour long trades
Risk Level Low
Tips -
Always take note of any economical news event on our provided calender below
USDJPY Forecast and Trade setup for the week ending 12th September, 2014
Weekly Chart
- Strong resistance - needs to see clear break for continuation
Daily Chart
- Indecisive candle close on friday, , however i still favor the upside as the retracements are very shallow
Hourly Chart
- There is negative divergence on all three indicators - i expect some minor pressure, and price to go into the low - mid 104 and look for a bounce
Outlook Trade opportunity
Long trade around the low 104
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
JPN225 Forecast for the week ending 12th September, 2014
Weekly Chart
- Although we are at strong resistance, the candle closed positively in the zone, i would expect that we would break resistance
Daily Chart
- As we drill down to the daily time frame, we can see that there is some good resistance yet to be tested. We would need clearly price action to know where it want to head to
Hourly Chart
- Looks more likely to the upside as we only see shallow retracements for now
Outlook Trade opportunity
Long trades prefer, but need to be careful with strong resistance nearing.
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
