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''Don't  watch the clock ; do what it does. keep going.''-Sam levenson

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Latest Posts

Monday, 11 June 2018

Weekly Forex Setups, June 11th to June 15th 2018

Sifiso Nkwanyana
The previous weekly forecast was so amazing with markets behaving with respects to our analysis and setups. please read our latest forecast and wish you the best trading week.

UsdChf

We are Bearish on UsdChf looking to sell on price retracements.



EurUsd

The EurUsd setup has not change as price is showing respect to our previous setup, we looking for price to level 1.19450 as shown on the setup. we are current bullish on EurUsd.



AudUsd

The AudUsd has been finding support at the H4 100MA line indicating a bullish momentum in the pair, we highly expect the AudUsd to revisit the 0.77000  Resistance zone. only a break above level 0.76150 will reveal level 0.77000 which is our current measured Buy target.


NzdUsd

The "KIWI" has been very bullish from the mid-May trading commentary and we looking for further bullish movement on the pair, our current target remains 0.71400



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UsdJpy

We have a strong resistance on UsdJpy as price is Struggling to break above the 110.100 zone creating sell order levels which will cause price to revisit level 108.600 for support.



Also Read: US Dollar Index(DXY) Forecast

Monday, 28 May 2018

Weekly Forex Setups, May 28th to June 1st 2018

Sifiso Nkwanyana

NzdUsd

We have called a buy last week in this pair as we saw prices resting on the Fib buy zones based on the H4 chart, on the daily there is more confluent supporting the buy setup as price as retested the buy institutional order block represented with a rectangle.



AudUsd

We are bullish on AudUsd as price has recently failed to breakthrough the 0.75 daily support zone, we looking for prices to reach 0.76670 - 0.77200  zone this week.


UsdChf

We are currently on a long term sell position on UsdChf as long as price remain below the 0.99500 level.


EurNzd

We are currently bullish on EurNzd as we wait for price to reach the Trendline support for us place our long term buy positions on the pair, our buy limit on the pair is at 1.67900  SL- 1.67400    TP- 1.71290


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Tuesday, 22 May 2018

US Dollar Index(DXY) Forecast

Sifiso Nkwanyana


There have been too much speculation on the Dollar index since the start of this year which has caused a rapid drop in the dollar index, in the past two months the dollar has having gains due to the interest rate hike and further news on the next rate hike.



Short Term Technical US Dollar Setup

The Dollar Index is currently at 93.50 zone in which the market closed with a bearish Pin Bar candle formation on the Optimal Trade Entry(OTE) fibonacci Level indicating a move lower only if the price is to break down below level 93.00. a break of level 93.00 would lead to the dollar dropping down to the 91.40 support level as shown in the Image below.





Long Term Technicad US Dollar Setup

Looking long term we are bullish on the Dollar Index as The market has broke above the 100 MA and probably broke the downtrend, we looking looking for price to currently drop towards the 91.40 support levels and we will go long until 99.71 which is a measured price level for the index.

NB: level 99.71 is very close  to level 100.00 which a whole number which will definitely attract institutional traders resulting in major price moves happening.


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