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  • Sunday 19 May 2019

    Forex Weekly Setups, 20th May to 24th May 2019

    With lots of excitements from last weeks signal performances we have focus on making this week the best week for trading both Technically and Fundamentally.  we are looking forward to a lot of productivity this week together with a lot of pips available to be collected.


    The Dollar Swiss pair has shown a lot of bullish movement recently due to the ever increasing strength of the US Dollar index, This week we will be looking pretty much for sell opportunities on UsdChf as the market is currently retracing towards the 50% Fibonacci zone after a strong sell off on the pair which happened in the previous week.


    Dollar CAD pair has been widely moved by a number of Fundamentals this month as a lot of very strong moves have been noticed recently, The pair is on a very strong sell zone in which we do not recommend any buying on the pair. UsdCad is currently between the Fibonacci OTE and BAT zone in which we likely to see some institutional sell orders after the current consolidation.


    Gold spot has closed the week with an expected sell off whereby many retail traders thought the metal was having some gains, If you you have read our previous article on Gold for more detailed review on the metal.

    Recommended Article:  Possible Pullback Expected On Gold(XauUsd)


    The Euro Dollar pair has been on a bearish movement recently as it has been pushing to break its psychological support zone at 1.1200 until last week where the par managed to break the Trend that was being formed on the H4 chart, we are looking forward to continued bearish movement this week.


    The Pound Yen pair has shown some good respect to price as the market has sold for a huge chunk of pips after the market reached the 147 sell zone on the pair and currently we will be looking to buy anytime soon.

    Previous Setup

    The pair currently sits on a very strong unbroken resistance area which has held price since the Brexit votes in 2016 where the pound faced huge losses, the market is currently at 139 and we looking for possible bullish candle formations before we enter our buy positions.

    We wish you the best trading week and always remember to use proper risk management in all your trading.

    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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