Monday, 28 May 2018

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


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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Sifiso Nkwanyana

Author & Editor

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