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
