JPN225 Forecast - 15th August, 2014

JPN225 Forecast - 15th 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

Outlook Trade opportunity

In April, i foretasted the uptrend perhaps going to new highs, (we have yet obviously), this view is still in place in the long term view.
Near term, i think we are going to be in a range with 15000 holding

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

no trade as of now...

Tips -

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

DXY - Update Friday 15th, August, 2014

DXY - Update Friday 15th, August, 2014

Daily Chart

• This contradicts my forecast earlier in the week of potential dollar weakness from last weeks price action. Earlier Mid week we did see short lived dollar weakness and capitalized on the move., However as week ends, price is holding quite well in this zone, (broken resistance which now becomes support) and oscillators are giving buy signals
• Therefore perhaps the case builds to upside potential favours

Tips -

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