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  • Monday 24 September 2018

    Forex Weekly Setups, September 24th to September 28th 2018

    A great Trading week we had as the market has completed most of our trade setups giving us new opportunities of making some profits in the market place. We are a week before the NFP week in which we are looking forward to banking on the employment releases on the beginning of October.


    The Euro Dollar stands at a very good daily support after price made a rally last week, more momentum is expected this week as price is retracing towards the the Daily support zone. we have level 1.19450 as our next buy Target for the pair.


    This pair will be bearish in these upcoming days as the markets closed with a bearish outside bar after a false breakout was made a key resistance areas on the pair. we will be looking to open sell positions once confirmed.


    The South African Rand has reached highs of up to R15.75 per dollar which has been a nightmare for the countys economy, currently the Rand is showing some recovery as price has pushed down to the lows of R14.30 per dollar and we are looking for price to push up a little bit high to collect institutional orders resting on 14.68 zone.

    UsdZar Sell Limit @ 14.68    SL- 14.80    TP- 13.63


    We have had a very bullish momentum on the past 3 weeks and the markets will be moving more higher as it has broke through the neckline of the Double Bottom pattern formation.


    We are Bullish on AudUsd, we currently looking for a price retracement on the pair before we open any further buy positions. our buy entry zone is 0.72150 and 0.72550, a buy signal on the pair will be given on the pair.


    Thank you for going throough our Forex Weekly Setups, we wish you the best Forex Trading Week.

    Sifiso Nkwanyana

    Author & Editor

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