EURUSD Daily Outlook for 23rd December, 2013 (Monday)

Daily Chart

Friday's candle shows indecision and bouncing of my previously drawn support and resistance area. 

If I draw a trendline from the lows of the Stochastics Indicator from nov to now, it has broken the trendline and I would be looking out for possible continuation higher after the current retrace.

Hourly Chart

Not much to say as Fridays bounce from a resistance / demand zone which I had previously predicted. On the indicators we are diverging right now. I expect the short term that are bearish until the 1.5950 (my green support area on chart if we can get there)

Outlook Trade opportunity

Risk Level Low

Tips -

AUDUSD Daily Outlook for 23th December, 2013 (Monday)

Daily Chart

On Friday, After over 7 days of bearish days we finally have a good bullish candle reaction from a major support zone. Even though price bounced from the support zone formed in august,  it concerns me that price did actually fall below August lows creating a new low for the year. This to me shows strong selling pressure.  Next time when price comes to this area, i would expect this area not to hold and price to go lower

• Formed fresh new yearly lows on Thursday, and rebound on Friday
• Formed new yearly low 
• Slightly broke support from august which to me shows strong selling pressure
• Next time when price comes to this area, i would expect this area not to hold and price to go lower
• Stochastics is turning up
• My sell zone / resistance area is at the 0.90 - 0.9050

Hourly Chart

1 Hr Chart

4 Hr chart

On Friday we had a good positive ending day which brings us back up trading in the 0.89's.  I am expecting bullish momentum to be short lived towards the .90's and resuming the bearish momentum.
Indicators wise, on the hourly chart stochastics are turning, and on the 4hr slight divergence is possible.

• If we look at the 4 Hr chart, you can see we are in a descending Chanel 
• At this stage i would go long on dips at around the pivot daily area (.890) 
• Resistance area is at the .90 where we will go short

Outlook Trade opportunity

Risk Level - Medium

Tips -

EURUSD - gave me 90pips today

60 Pips profit for today on this trade

Found another bearish butterfly on Aussie Yen

AUDUSD Daily Outlook for 20th December 2013 (Friday)

Daily Chart

• On the daily chart it broke through the August 30th Lows / broke through 100% full retrace
• Because of this we expect the market to go lower after retrace and towards 0.870

Hourly Chart

• Market was trading within range yesterday, however at the time of writing it has broke up from the range yesterday,
• We are aiming for the market to go up to Daily Pivot R2 and go short from there
• At that level there is a 61.8 retrace, and FE100 which gives room to short to go back to FE127 at least

Outlook Trade opportunity

Risk Level Low

Tips -