Monday, 10 December 2018

Forex Weekly Setups, 10th December To 14th December 2018

We had a beautiful week close as we banked huge profits on the Nonfarm Payroll and the Canadian employment data, this week we may look to see possible completion of the previous news movements or retracements in certain pairs.

UsdJpy
The Dollar Yen pair has been trading in a range area in the previous weeks, we currently looking for the pair to reach the bullish order blocks at level 111.600 before having to continue with the bullish price trend. currently  we looking to sell UsdJpy at 113.620


NzdJpy
On this pair we currently holding long term buy positions as we entered earlier at 73.000 which plus 500 pips away from the current market price, we are looking for further move to the upside. this is well analysed and we will continue until our measured target is reached


UsdZar



The South African Rand retrace significantly from last week despite the weaker US Dollar news release, we will be looking for price to continue with retracements until it reaches our next selling zone


AudChf
This is a good selling opportunity for AudChf, please use proper risk management.




GbpCad

Th GbpCad has allowed us to bank some good money and we are looking to bank more on this bullish setup as we have an inside bar at the support which is indeed a good buying opportunity on the pair.


UsdChf

We have been holding from last week, we hold until we reach 0.97800
Previous Setup


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Sifiso Nkwanyana

Author & Editor

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