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  • Monday 21 May 2018

    Weekly Forex Setups, May 21st to 26th 2018


    AudUsd Buy Opportunity and a Possible Inverse Head and Shoulder formation, we bullish on AudUsd looking for level 0.76650 as our target.


    Bullish Convergence on the NzdUsd, The pair is on the buying levels according to our fibonacci studies as price rests between the 0.79 - 0.88  fib zone. we will be looking to NzdUsd at a close above 0.68300


    AudNzd Has just broke above the 50.0 fib region and we heading to the 1.11200 level represented by the rectangle. remember to use proper stops on this setup


    Bullish movement expected on as we get to reach the previous shoulders of the of the inverse head and shoulder setup. A reversal will form on Tuesday or Wednesday. Buying should be seen at level 1.17300

    We will encourage proper risk management to be applied at all times in trading our setups. 

    Sifiso Nkwanyana

    Author & Editor

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