Sunday, 26 August 2018

Forex Weekly Setups, August 27th to August 31st

an interesting month August has been as this is our last week of the month and surprisingly with less Cad events as most events are scheduled for the beginning of September in which we are much likely to see the completion of most setups.

AudUsd

The Pair has shown some strong bullish in the past week after its had tumbled down in the past weeks due to the strong US Dollar. We will be expecting some further bullish movement as the pair had a bullish outside bar candle close.


GbpUsd

The Cable is bullish. we will give entry on the Signals group


UsdJpy

For the long term traders its time to start looking for buying opportunities on the UsdJpy as we have seen the market pushing up high in the previous week after the market has retested the weekly support.


On The H4 Time frame we stand at a good buy opportunity as we will be looking to buy at a retest of level 110.840   in which we looking forward for adding long positions.


Sifiso Nkwanyana

Author & Editor

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