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  • Tuesday, 23 July 2019

    Forex Weekly Setups, 22nd July to 26th July 2019

    The last previous week was quite an interesting week with the dollar index getting experience losses due to the FOMC statements that were released on Wednesday night, This week we are looking pretty much for a rebound on the dollar index and see a continued move to the Upside affecting a lot of dollar paired pairs.



    UsdJpy

    The UsdJpy had a bearish a strong sell last week which caused it to drop from our last week trade idea causing the pair to do a stop run on the trades that we had in this pair in the past week, this week the market has opened with more opportunities on the pair, the market is currently above the green highlighted area which opens for more buying opportunities on the pair.


    UsdChf

    We currently on an inverse head and shoulder pattern on UsdChf which today is a good day for entries as we looking for a 100 pip plus movement to the upside this week. traders should look to buy at 0.98200 to target 0.99300 as the closest target on the pair.


    USD Index

    The dollar have been showing some great recovery from the previous sell that happened last week, the dollar is currently on a bullish note and we looking forward for more bullish movement on the dollar.

    Previous Dollar Setup




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

    Sifiso Nkwanyana

    Author & Editor

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