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  • Monday, 21 September 2020

    Forex Weekly Setups, 21st to 25th September 2020

    The month of September has shown magnificent results in the fight against the spread of the Coronavirus Pandemic as number of recoveries is improving significantly causing a lot of nations to continue with normal business practices.



    GbpJpy
    The Pound Yen pair has displayed a very strong sell in the past two weeks after the pair strongly sold after reaching the Optimal Trade Entry Fibonacci zone, this week we are expecting a continued sell on the pair if price remains the 50.0 fib zone.

    GbpUsd
    The Pound dollar has experienced selling pressure from the dollar regaining strength and been negatively impacted by the side effects of Brexit. technically price has formed a rising wedge in which we are expecting a break which will lead to a continued sell on the pound.



    UsdJpy
    The Dollar Yen pair currently stands on a support zone, 104.250 will be our buy entry zone as we look to profit from this pair.



    UsdCad 
    The Dollar Cad pair has formed an inverse Head and Shoulder pattern, we are currently bullish on the pair.




    Sifiso Nkwanyana

    Author & Editor

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