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
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
