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