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  • Monday 25 June 2018

    Weekly Forex Setups, June 25th to June 29th 2018


    UsdJpy

    We currently have a beautiful sell setup on UsdJpy H4 as price has broken through the trendline and a nice retest has been seen which shows a confirmation of our sell expectation. we have our current target on UsdJpy as 108.400




    AudUsd

    We have had a very strong sell move of over 200pips from the latest interest rate increase which has resulted in a huge amount of bulls on the USD Index. AudUsd is Currently sitting on the 0.74100  which acts as very strong support on the pair. we will be looking to buy long term with having stops @ 0.73400  and Targets @ 0.77100




    EurAud

    I have seen people calling for a bearish move on the pair, according to our study on the EurAud we are currently very far from selling as price has broke and retested the 50% retracement level which opens for further buys to 78% retracement level in which will be looking to open sell positions.

    Buy @ 1.56800  SL-1.56300   TP- 1.59200                           Sell Limit @ 1.59250



    nzdusd

    NzdUsd is on strong buy levels as we await for an opportunity to buy long term up to 0.74200  level  which is +500pips from the current levels. we have a Bullish Divergence at the strong Bullish Order Block. get ready to buy guys!!!



    XauUsd ( Gold )

    Gold has a High Possibility of reaching back to level 1300  as shown on the Setup Below. we will recommend the pair to be trading using the recommended pending order.

    Buy Stop @ 1271   SL @ 1264            Buy Limit @ 1263.35  SL- 1259



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    Sifiso Nkwanyana

    Author & Editor

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