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  • Monday, 6 April 2020

    Forex Weekly Setups, 6th April to 10th April 2020

    Welcome traders to the first week of April in the Aprils fools month, actually its the second week of April and we are looking to see a number of opportunities in the market place. last week we had a very few number of opportunities and noticed a very small price movement in the markets.

    This week has a lot of trading opportunities and we will be very busy in all our platforms in ensuring that you get all the signals and assistance that you need first hand to improve your trading.


    GbpUsd
    The Pound has been consolidating side ways almost the whole of last week, on Friday the currency broke down from the consolidation confirming a sell setup which is confirmed using our strategy.



    UsdCad
    The Dollar Cad pair has formed a rising wedge pattern in the previous week and this week we are looking for a sell entry to be confirmed once the market breaks the rising wedge pattern.


    GbpCad
    The Pound Cad pair setup was originally given last week, price hardly moved due to minor retracents that happened last week. the currency started going down Friday afternoon and has continued at market opening and we looking for more downside during the week.


    EurJpy
    A beauiful buy opportunity awaits traders on the Euro Yen pair, we will be looking for up to 300pips on the move going up.

    SP500

    The Sp500 Index was given on last weeks trading commentary, this week we are looking to see price going up as the markets have confirmed a buy opportunity based on our strategy.


    EurUsd
    The EurUsd will be soon going up above 1.16000 in the upcomming weeks based on our long term analysis on the pair, currently we looking for price to close within 1.08150 - 1.08500 range to confirm long term buy entries on the pair.


    Dollar Index
    The dollar index is slightly bullish this week and probably by Wednesday we are much likely to see a selloff on the index.


    We believe that these trading setups will help make your week a very profitable week, please use proper risk management in your trading no matter how accurate our setups are.

    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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