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  • Wednesday 25 March 2020

    Forex Weekly Setups, 24th March to 28th March 2020

    Last week was a very successful week for our clients in our groups as the markets followed all our trades according to our analysis, we looking for another productive trading week this week as we have a number of highly tradable trade setups that go in hand with our trading strategies.

    In this time where the world is going through a corona virus crisis we will be looking forward to a more volatile market conditions which will increase the risk of losing more money and also improve the opportunity of making more money, please ensure that you use proper risk management in all your trading.

    The EurUsd have suffered a heavy loss in the previous two weeks due to a very high outbreak of the corona virus, we will be looking for a bullish movement on the pair this week only if the pair closes above 1.08150

    On the Pound Yen pair we have a very good inverse head and shoulder pattern which goes which respects the trade conditions for our strategy.  the pair is expected to remain bullish throughout the whole week

    The Pound Dollar pair expected to see some bullish movement on the pair with more buyers expected to enter the markets at 1.18500 which we will expect it as the recovery for the pound after its recent selling spree due to Brexit confirmed and the Corona outbreak to the United Kingdom. Below is the 4 Hourly analysis of our bullish view on the Pound Dollar

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    On the Dollar Yen we have a beautiful bearish divergence in which we will be likely to see a strong sell on the UsdJpy during this week.

    The Pound Canadian dollar pair has an inverse head and shoulder pattern setup.

    We believe these analysis will help improve your trading and your profitability, please use proper risk management in 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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