USDJPY Daily Outlook for 20th December, 2013 (Friday)

Daily Chart

• Held quite well at the new support area 
• We are looking for 105 before some bigger entrancement 
• Please note the bearish butterfly is still a potential setup to the downside

Hourly Chart

• On the hourly the new support is very well respected
• We will look for opportunity to short at the 104.50 (141.4 fe) for a small trade
• Stochastics are overbought, but if goes higher, to 104.50 possible divergence 

Outlook Trade opportunity

Risk Level Medium

Tips -

AUDJPY Daily Outlook for 20th December, 2013 (Friday)

Daily Chart

Respected the descending trend line and support quite well

• Good rebound from the descending bottom trend line channel and support
• We expect the market to pause at the 50% fib level for a small shorting possibility

Hourly Chart

• A strong upward move from Tuesday , we expect the market to go closer to the weekly pivot / 50% retrace fib area and should take a breather there.
• The Stochastics are very close to overbought area (+80)

Outlook Trade opportunity

Risk Level High - due to the strong uptrend

Tips -

EURUSD Daily Outlook for 20th December, 2013 (Friday)

Daily Chart

• Euro Continued to go lower, and now getting close to major support area of 1.3620
• We expect the market to stall and minor retrace at this area

Hourly Chart

• good buying opportunity right now while i post this blog!
• Prices are at major support area (61.8% retrace from swing from december)
• another 61.8 level from oct high to nov low
• good s&r area from day chart, 4hr, 1hr charts
• We expect the market to stall at this area and retrace from the recent down trend

Outlook Trade opportunity

Risk Level - Low

Tips -

EURUSD 15min Bat harmonic pattern

• Took the trade, and by the time i post this on the blog it was up 12 pips
• Took it because it was close to today's low, and hourly stoch was oversold

USDJPY 1hr chart Bearish Bat pattern

Bearish Bat on 15min (AUDJPY)

AUDJPY Daily Outlook for 19th December, 2013 (Thursday)

Daily Chart

• We had a a daily close above previous high, and around a supply and demand area, which will be tricky to know market direction
• If i were to use stochastics to backup my case for direction, it is oversold so i would be bias to the upside short term
• On top of that, it rejected the channel line which gives it another case

Hourly Chart

• We saw the market break out of the 91level and closed the day in the 92's, however during the early asian session while i am writing it is retesting the high 91's.
• If i look at stochastics indicator it is oversold, and if i look at RSI the current level is neutral or 
• At the current price on the chart, it is a good opportunity to go long as it is around the 61.8% retrace from the upward move from Tuesday to last night.
• I expect this pair to go higher short term to test the higher chanel line

Outlook Trade opportunity

Risk Level Low

Tips -