AUDUSD Forecast and trade setup / update for 15th January, 2015

AUDUSD Forecast and trade setup / update for 15th January, 2015

Following last Friday's analysis on the AUDUSD, it has played in my favour, and here is an update of how its travelling so far

Daily Chart

• Hammer candle pattern from yesterdays daily close

Hourly Chart

• After the first inditial Cloud break identified last friday, yesterday the market tried to break the lows and failed.
• The 78.6 fib and cloud acting as strong support giving a h4 bullish engulfing pattern.
• Earlier today in asia, after the numbers from Australia employment figures, market has jumped 60pips on the first 15min candle and closed at the highs.  

Outlook Trade opportunity

long for intraday / short term trades, - near term resistance are the highs at 0.825. however my technical tells me it will break those highs and test 0.832-0.835 .

This is my second long trade for the week for this pair as a intraweek swing

Risk Level Low

Tips -

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

XAUUSD GOLD Forecast and Trade Idea for January 2015

XAUUSD GOLD Forecast and Trade Idea for January 2015

Sorry using charts from Trading view without my support levels

Monthly Chart

• Ichimoku Break on the Monthly is a strong indication that further weaknesses is expected in the long term view

Weekly Chart

• Weekly is showing some exhaustion in selling, as buyers a coming back in
• Any closes above the 1200, is a good indication that buyers are in control and I shall be targeting around the 1280-90 as the potential area where sellers will jump back in for new lows

Daily Chart

• We identified the Ichimoku break on the daily chart, so we may see a correction

Outlook Trade opportunity

At these levels, and because of the Daily buy signal, for short to medium term trade, I would suggest taking Longs with targets around initially 1250 then on towards 1280-90.

Would short at 1280-90 if it gets there targetting near lows and possibly continued further losses onto new lows

Risk Level __

Tips -

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