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  • Monday 9 July 2018

    Weekly Forex Setups, July 9th July 13th 2018

    I believe that most of you had a very good NFP last week, this week we do not have much fundamentals but The CAD Interest Rate Decision in which the market is expecting a Rise in Interest Rates.


    We have been having a lot of traders and mentors calling a EurAud sell in which we strongly agree with, our analysis indeed show a good sell setup but the market has not reached a proper level for sell orders. we looking for a 150 pip move up before the market begins a long term sell which most traders have been waiting for.

    We looking to sell EurAud at 1.59650


    A lot of our subscribers made a lot of money trading the NzdUsd in the previous week following or recent weekly forecast as the pair pushed upside the whole week, we are currently on a good buying position and waiting for a break above 1.68400 to add more buys on NzdUsd.

    Buy Stop Pending Order: Buy @ 0.68420  SL- 0.68050  TP- 0.70200


    AudUsd is above the 0.74000 weekly support area after it broke lower recently to test the 0.73550 Strong Support which caused price to push up a high rate last week and further price movement is expected up until 0.75750  resistance area.

    This Weeks Signal: Buy AudUsd @ 0.74320   SL- 0.73900  TP- 0.75750


    XauUsd is in its buying ground we have a nice triangle breakout which formed on Friday indicating a potential breakout, our measured target is 1301


    This is a must Buy pair as we have a strong buy setup on the NZD and fundamentally CAD is getting weaker, we have a beautiful buy setup on NzdCad from last week as it was stated during the last week NFP and we looking for a pullback to level 89.200 or a break above level 89700 to add more buy positions.

    Sifiso Nkwanyana

    Author & Editor

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