Monday, 17 December 2018

Forex Weekly Setups, 17th December To 21st December 2018

We believe that you all benefited from our last week trading forecast as we looking more into this week forecast as the market will be affected by a number of fundamental factors which we will be looking to invest a lot in. ensure that you in the premium group to get all entries in time.

AudUsd

This setup as a bit difficult but we will be looking for a possible break towards upwards on the trendline, we still have 0.75750 as our upside target. 


UsdJpy

It has been our most profitable trade last week as we had to use this setup on trading the US retail sales, we looking to close our sell positions on 112.620 which is our first exit on this trade, we will confirm on certain retracements for further sell opportunities.


Previous Setup


XauUsd
Gold has been on an upward move since we gave our Gold buy setup three weeks back, we looking for price to reach 1297 after a break above the 1250 resistance level.



Previous Setup



US Dollar Index
The Dollar has been failing to find its ways above 97.75 recently as it has found a very great resistance towards this region, we have seen it break above this years highs on November and selling at a great rate which shows the institutional selling ability at that level.



We wish you the best Trading this week.We thank you for going through our weekly forecast, please note that we running a special on our Life Time Forex Signal Service. we have dropped life time signals offer from R1500 to R500 please visit our signals page to join.

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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