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  • Monday, 2 September 2019

    Forex Weekly Setups, 2nd September to 6th September 2019

    It is a great start of the Month of September as the market has pushed further into our targets and this week we are very much into Fundamentals as we are having the nonfarm Payrolls and the Canada employment releases

    Fundamental Outlook

    This week we have a number of high impact fundamentals coming up as it is the first week of the month, we are looking up to seeing major nations including USA and Canada to give their employment Change results.

    1.  Cash Rate (AUD), On Tuesday we looking for a Bearish impact on the AUD interest rates release.

    2. Overnight Rate (CAD), On Wednesday we looking for a Bearish impact on the CAD Overnight interest rates release.

    4.  ADP Non-Farm Employment Change (USD), On Thursday we looking for a Bullish impact on the USD  as the previous is below the Estimate Average Range. further update to be given on this event

    4. Employment Change (CAD), On Friday we looking for a Bullish impact on the CAD  as the previous is below the Estimate Average Range.

    5.  Non-Farm Employment Change (USD), On Friday we looking for a Bullish impact on the USD  as the previous is below the Estimate Average Range. further update to be given on this event


    Technical Setups

    GbpJpy

    On the GbpJpy pair we have an inverse head and shoulder pattern which shows a great opportunity for traders to look for buying opportunities. we will be looking to go long on this pair by Wednesday as the pound is expected to form its weekly low.


    EurAud

    Perfect sell setup on EurAud as it has broke out from the rising wedge pattern to continue on its bearish run.


    We believe that these setups will help you trade successfully this week and we wish you the best trading experience this week. Lets Win!

    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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