USDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

USDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

Weekly Chart

• Weekly candle broke trendline
• Rising Stochastics
• RSI Above 50

Daily Chart

• Broke through trendline, , retest with a good hammer - bullish look
• MACD in bullish territory

Hourly Chart

• After breaking out of the descending trendline Perhaps going break out of the range and on to 104

Outlook Trade opportunity

no setup as yet, but bullish signs

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

AUDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

AUDJPY Forecast and Trade Setup for the week ending 22nd August, 2014

Monthly Chart

• Had been trading in a range for couple of months already

Weekly Chart

• Trading in a tight range for the most of 2014
• RSI and MACD is in the bullish territory

Daily Chart

• Support at 94.50 is proven from a strong hammer 

Hourly Chart

• Looks primed to test resistance 96.200 where it would be a confluence of
• 88.6 Fib retrace from July high to low
• Fib Expansion of FE100 swing from last week
• Expansion of 127.20 of swing from 8th of August 2014

Outlook Trade opportunity

For the brave to jump on board to ride it up, however must look at the JPN225 closely for strong resistance

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

AUS200 Forecast for the week ending 22nd August, 2014

AUS200 Forecast for the week ending 22nd August, 2014

Monthly Chart

• Monthly Chart looks for an upside potential to test 6000
• To note MACD lines looks crossing, however monthly candle not closed.
• RSI trading above 50 and contracting triangle

Weekly Chart

• Price is holding onto support which was resistance until feb this year.
• If RSI breaks upwards of the triangle, should look for opportunity to go long

Daily Chart

• Two weeks ago, performed a nice Hammer from the Monthly S1 pivot / support
• Rising MACD
• RSI back above 50 pointing north

Outlook Trade opportunity

Longer term, i have a bias of new highs.
Would only trade this if any price action from retrace support levels gives us the opportunity

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

JPN225 Forecast for the week ending 22nd August, 2014

JPN225 Forecast for the week ending 22nd August, 2014

Weekly Chart

• Rejection candle shown at resistance as we near the 2014 opening highs
• RSI negative divergence

Daily Chart

• Rejection at the 78.6 retrace from year highs to low
• Continued weakness on the RSI and divergence

Hourly Chart

• 
  

Outlook Trade opportunity

From the Daily, there has strong momentum to the downside as it rejected the 78.6fib, , however a pin bar supported at the 15000 level, so we might be in a range with the bull bear fight. . , however oscillators favors the down side, Top side i see 15400 as huge resistance and where market would try to push there to wait for reaction, If it gives me a short signal i shall enter / or a sell limit order if your brave

no trade as of now...

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

DXY Forecast and Trade setup for the week ending 22nd August, 2014

DXY Forecast and Trade setup for the week ending 22nd August, 2014

Weekly Chart

• MACD is pointing north and staying above the bullish line
• Although there are a shooting star candle, the body did not close in the body of the previous candle, therefore it is not a clear signal for a trend reversal as yet (Neutral)

Daily Chart

• Rising Macd also shown on the daily chart, however there is a cross which possible could signal some correction before another leg up perhaps
• Ascending Channel
• Next Key Resistance is around 82.50 where its the 61.8 and previous supply and demand zone

Hourly Chart

• We see a negative divergence in both MACD and RSI
• Support should hold at the confluence area of Weekly S3 Pivot, Monthly PIvot and fib 38.20

Outlook Trade opportunity

Buy Limit at approx 80.90-81

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below