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  • Tuesday, 13 August 2019

    Forex Weekly Setups, 12th August to 16th August 2019

    The market has been at consolidation phase last week following the dollar index having been stuck on a 100pip range causing most pairs to remain in consolidation, This week we are expecting a possible breakout on the dollar index which will cause some movements.

    Thursday we having the Australian Employment Change which we will expect to see a Positive Outcome on the results for the Australian Dollar as on the the previous release price was far below the Estimated Average Range, on Tuesday is the USD CPI data which will produce also positive data for the US dollar.


    UsdChf

    The Dollar Swiss Faced a lot of Selling since dollar interest rest rate decrease, currently price sits on the 0.97000 support zone and we looking for a buy opportunity on the pair. 

    EurUsd

    The Euro Dollar has been stuck in a consolidation range within the 1.12000 - 1.12300 range with price action bearish candles forming at the highs.


    Dollar Index
    The dollar lost a lot of strength in previous weeks which saw the dollar index getting back to the 



    Nasdaq

    The Nas100 also known as the US100 is a very popular stock market indices that has been mostly traded due to its high payout potential. below is a setup on of the Nas100  


    We believe that these setups will assist you in your trading this week, we wish you the best trading experience this week and all the best from Us.

    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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