6th August, Forecast

Hello Babypippers,

Here is the forecast for 6th August, We have similar trends like yesterday. With one change Aud/Usd is bearish now.

Video : 6th August 2015 Forecast - YouTube

  1. Eur/Usd

Trend :- Bearish

  1. Gbp/Usd

Trend :- Bearish

  1. Usd/Yen

Trend :- Bullish

  1. Usd/Chf

Trend:- Bullish

  1. Nzd/Usd

Trend :- Bearish

  1. Aud/Usd

Trend :- Bearish

  1. Eur/Gbp

Trend :- Bearish

Setups for Entry/Exit:-

Time Frame :- 15 min/30 min Chart only for Intraday

Entry :- For the pair which is bearish, you will wait for upward stophunt. Stochastic & Rsi are the indicators which you can use to identify the overbought condition for the respective day.

Exit :- Use Stochastic or Rsi to exit when you see the pair is over sold.

Short Trades - RSI Should be around 70 to 80, you can see the pair at overbought condition.
Stochastic will be near or above 80.

Long Trades - RSI should be around 30-40, and stochastic at 20.

Read more: 301 Moved Permanently