Tuesday, 25 December 2018

Forex Weekly Setups, 24th December To 28th December 2018

This week will be one of the less volatile week as we having Christmas tomorrow despite the volatility we have seen this morning on the USD paired currency pairs, lets take a look into this weeks forecast.

EurAud

EurAud has been pushing high in the previous weeks since the AudUsd failed to break above 0.74000 major resistance area causing other AUD paired currency pairs to face some huge volatility. on the pair last Friday the markets created a bearish engulfing candle which was a false sell setup at the optimal trade entry level, we are looking for sell opportunity at the BAT level. 


CadJpy

The Canadian Japanese Yen pair has been widely affected by a number of Fundamental Factors affecting both Canada and Japan, The yen has gained magnificent strength while the CAD has shown losses with USDCAD breaking this years highs.




XauUsd (Gold)

Its just a few days before Gold Spot gets above our 1297 which we have marked as our first buy target in our previous weekly setups article, we looking for price to further reach 1345 as of our current setup as last week price shown a long buy opportunity on the pair buy failing to break back below the fib 50.0 region.



EurNzd

We having a bullish run on the EurNzd, we looking at 1.76000 as our current target which is 600 pips from the current price levels.


AudUsd

Price has pushed back down to back towards 0.70500 which acted as a very strong support level in the previous weeks, we will be looking to buy at any reversal trade setup pattern formation. ouur target upside is 0.76750


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Sifiso Nkwanyana

Author & Editor

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