Monday, 10 September 2018

Forex Weekly Setups, September 10th to September 14th 2018

We have been able to bank good on the recent Fundamental setups last week Friday in which the CAD employment tumbled as there has been a huge cutting of Jobs that happened in the previous causing the Canadian Dollar to Tumble against the US dollar index.

EurUsd

The EurUsd closed on a bearish move last week after the Dollar received positive employment results, currently we are at the retest of the inverse right shoulder looking for price to reach  the 1.17500 level.


UsdChf

UsdChf has faced incredible losses in August which caused the pair to Tumble from the highs 0.99850  down to 0.96400 which is 300+ pip drop in the pair, Currently the pair is finding some very good support at the level and we are currently waiting for a close above 0.97500  to add more buy positions on the pair.


GbpAud

This pair has made some very great gains towards its resistance, we are looking for some sell activity on the 1.84200 level, we will be looking to sell this pair on the Australian Employment Change release which be at Thursday 03h30 CAT.

NzdJpy

We are currently having a double bottom formation on The NzdJpy pair, we bullish on our premium group and we will be looking to add more positions soon.


We Thank you for going through our weekly forecast we will be looking forward to hear more from you in the comments section.

Sifiso Nkwanyana

Author & Editor

I hope you have recieved all the information you seek and thank you once more for browsing our website we hope to hear from you soon.

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