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  • Monday, 21 January 2019

    Forex Weekly Setups, 21st January till 25th January 2019

    This is the very first of our weekly trade idea article to be published on our website in 2019 which is a year which we looking to create more successful traders through our world class forex education.


    AudChf
    This pair is currently doing a small retracement to 0.71110 before it reaches our sell entry zone up at 0.72990 before we take on sell positions.


    UsdJpy
    We have been calling a long term buy on this per from the first day of the month and we have seen some good activity as the market has completed a 100 pip plus movement and currently the markets are retracing back to the second buy entries order block zone at 109.150, please look for possible buy opportunities towards that level.


    NzdJpy
    NzdJpy has been having difficulty recently with breaking out of the 73.580 and 74.180 zone in the previous weeks and we will await a Daily close above 74.200 before adding any buy position, kindly note that we have a strong buy on the pair which we expect to reach as far as 81.350 which is 800 pips away from current levels.

    Also Read:  NzdJpy Up Target Remains 81.320


    EurJpy
    One of the pairs that we looking to buy this week is EurJpy with the market being able to close and retest above the resistance which gives a good indication of a possible buy opportunity to happen this week.



    UsdChf


    XauUsd
    Gold Spot has show some bearish movement on the Friday Closing daily candle which we see much likely to be a false sell off in the market to capture most of the retail traders in the market place, Please note that Gold is heading up towards 1344, we will confirm a buy entry soon in our Premium Signals Group.

    We wish you a great trading week and most of all please stick to proper risk management at all times.for any questions and views on these setups please contact us on the comments box below.

    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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