All our hypothetical system trade signals are from daily charts, our systems are trend and major top/bottom based, our computerized systems examine the weekly charts and indicators also for confirmation. We use the 8 period RSI on the 5 minute charts to enter Forex trades and set price targets at Fibonacci retracement/projection levels on the daily charts,  we use the levels also to set stop loss points in addition to using trailing stops to protect profits. We consider exiting or using tighter stops just before economic reports are released. This week' signal, Australian Dollar- Japanese Yen Cross Rate , is below. Click the chart for indicator information.  

Note:  Forex trades around the clock from Sunday thru Friday.