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  • Tuesday 30 June 2020

    Forex Weekly Setups, 29th June to 3rd July 2020

    Last week we had a very good trading week where we pocketed some very easy pips on Dollar gaining strength. this week we expected some continued gain in strength on the dollar index as based on our recent article on the dollar.

    Recommended article: Dollar Shows Strength in the Midst of Struggling Markets

    This week we have good trade setups in formation for a wide range of pairs, below we have shared a number of potential trade setups that we are looking to trade this week.

    The Pound Yen pair is expected to be bullish this week as price broke the bearish trend last week and we will be looking for bullish entry above the red marked level 132.575 as shown on the Trade Setup attached below.

    The dollar CAD pair has shown a strong resistance on the area marked green which gives a more potential to the downside on the pair during the cause of the week.

    Dollar yen is yet above our main entry zone marked green, we are looking for a potential pullback to the marked zone.

    We have a potential breakout opportunity at 0.99250, a break above that level trigger more selling on the pair and if price fails to break we might see price pushing back at the green marked trade entry zone.

    We believe that these setups will help simplify your trading this week, please apply proper risk management in all your trades.

    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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