AUDUSD Scalp Trade for today 13.08.14

AUDUSD Scalp Trade for today 13.08.14

5 Min Chart

Outlook Trade opportunity

Zoomed into a 5 min chart during Asia session where i would look for pull back into the 78.6 buy zone.

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 15th August, 2014

DXY Forecast and Trade setup for the week ending 15th August, 2014

Weekly Chart

• Price action giving us a exhaustion candle at resistance

Daily Chart

• Fridays Candle was a bearish engulfing
• MACD is very close to crossing over

Hourly Chart

4hr Chart

• Broke the steep ascending trendline
• MACD Negative divergence

1Hr Chart

•  1Hr chart shows our first Lower high and lower low swings 

Recommendation:

Overall, i see a start of a short term bearish trend, perhaps to the 81.10 level .

Tips -

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