AUDUSD forecast for the week 13th January, 2014 (Monday)
Daily Chart
- The Aussie is currently trading above .90 level
- I expect the Aussie to reach the .91-.915 level
- Stochastic from the previous test of support was showing good divergence to the upside
Hourly Chart
- Bullish trend should continue this week,
- I will look for trade opportunity for bullish trend continuation retrace to ride it up
Outlook Trade opportunity
There is three setups on display on the chart above
Risk Level- LOW
Tips -
Always take note of any economical news event on our provided calender below
USDJPY forecast for the week 13th January, 2014
Daily Chart
- The weaker dollar will drive the dollar yen lower and i expect it to test the 102 level and rebound
Hourly Chart
- As my chart suggest, i expect prices to reach my target area
Outlook Trade opportunity
There is two trades, one on a daily chart where you will need to trade a very small position as stops and targets are very wide however RR should be 1:2
The other is on the hourly chart, where if you want to counter trade, buy at the lower part of my target area, or if you follow trend, sell on retrace but with a distance for profit to the target area.
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
