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  • Tuesday 12 February 2019

    Forex Weekly Setups, 11th February to 15th February 2019

    we had a very successful trading last Friday closing the week with most setups doing extremely well, we are looking to a much productive trading week as the market is laying some great setups which we will be capitalizing on this week.

    This week we will be looking more into the CAD gaining strength and having UsdChf reaching our 1.00800 long awaited sell entry target area which was discussed in our previous Technical Forex Weekly forecast, with the dollar to reach its last highs before a sell off takes place in the dollar index.

    Recommended Article: Euro Dollar(EurUsd) Long Term Sells Ahead

    AudUsd has been bearish recently after the Employment data was released last week, we will be looking pretty much for some bullish activity this week as price is currently sitting between the OTE and BAT zones which are our measured institutional entry levels. within this levels we have a bullish divergence which indicates the current buying pressure in the Currency pair.

    NzdCad currently sits on the 50.0 fibzone after it was rejected on the OTE zone, we looking for price to push lower this week. another view on this trade setup is a head and shoulder pattern at which price currently sits above the Neckline.

    We have been holding quite a number of sell positions in the GbpCad trade and we are currently looking for price to push further down to reach the Institutional level marked on the setup attached below.

    We currently bearish on this pair, we are expecting more selling pressure which will be greatly affected by the UsdChf which currently sits at a very strong Supply Zone.

    Traders should be careful of Gold as this metal is currently bullish creating a lot of pull backs on its way up, Gold target is currently at 1345 according to our analysis, once the target has been reached we will start looking for Long Term sell Setups
    Previous Gold Setup

    This pair currently sits on a supply and demand zone which we will be looking much to buy in this case due to bullish order blocks present in the area.

    The Canadian Dollar had magnificent employment results last Friday which will indeed give the CAD some strength in this upcoming weeks, Technically the market has formed a rising wedge pattern formation in which we a looking for a break before we see further selling.

    We Wish you the best Trading week and please use proper risk management in all your trading, all the best from the Ajaxsurf Team.

    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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