XAUUSD Gold Forecast and Trade setup
Weekly Chart
Daily Chart
- Bullish Cypher is possible Note this pattern is not the same as the one on the 4hr chart
Hourly Chart
- 4hr Bullish cypher is possible at the next support zone
- Near term price action is in a bearish momentum, however price is trying to go back above support where it could be a false break ,
- on the other hand, price could drop to the next support if US Data is hawkish tonight
Outlook Trade opportunity
Bit of an unknown for short term trade, however, personally i have taken a short position targeting 1260-65's
Risk Level High
Tips -
Always take note of any economical news event on our provided calender below
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
