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  • Monday 15 July 2019

    Forex Weekly Setups, 15th July to 19th July 2019

    The previous week has closed very well with the markets having to retrace back in favour of our proposed entry levels giving us more trade entry opportunities to make some extra money from the currency markets.


    The Dollar Yen showed some very great retracements last week after it faced a strong drop towards the end of the week, we currently looking for the markets to continue pushing up higher as the market has found support in the 107.800 support zone, a break below these levels will reveal lower prices and close above the zone will complete the Head and Shoulder pattern on the pair.


    The dollar Cad pair was affected by the interest rates last week, the pair should retrace back to 1.29650 region to collect orders before continuing with its bullish move, we recommend traders to wait for price to push down to the bullish order blocks before making entries.


    Price currently sits on the 61.8 zone, and we are looking much for further buys on the pair and see much movement to downside in the upcoming weeks until price reaches our OTE zone.


    The Dollar Swiss has been our closely looked pair as this week we are looking for further movement to the upside which will total to a staggering 300 pips, on the pair we have a pin bar closing candle and we are looking to start making our entries today and exit towards the end of the week.

    We believe that these setups will help make your trading week even much more simpler, please stick to proper risk management.

    Sifiso Nkwanyana

    Author & Editor

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