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  • Monday 16 July 2018

    Forex Weekly Setups, July 16th to July 20th

    I believe you had a good trading journey in the previous week, great moves and retracements have been noticed especially for the Japanese Yen which make a quick move of +200pips. Lets go through this weeks setups and Trading opportunities.

    XauUSd (Gold)

    Gold has been experiencing a rapid drop in price as we having experienced a drop from level 1300 last month, we currently sitting on a good Support level and have a good bullish setup which will likely cause price to move up towards the 1288 level.


    We have a bearish long term sell setup in which we made a lot of money last week in the signal that was shared in the signal group, we looking to add more sell positions this week as price failed to push above our MA resistance last week.


    We remain Bullish on AudUsd as we saw price closing above the 0.74000  Support level, we still looking at level 0.75750 as our next resistance level.


    We highly looking for a good week for EurUsd buys as we have a good rejection at minor support, we will be looking to buy EurUsd this week with stops placed below the 1.16000 level.


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    Sifiso Nkwanyana

    Author & Editor

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