The past week has been one of our greatest trading weeks as the market reached most of our long term targets especially in Gold where our long waited sell zone was reached. with most of our previous setups completed we have been open to new setups in the markets and new trade opportunities await us.
We are currently on the last week of February and we are very much less likely to see a lot of of Fundamental activity in the markets except for the CAD event that we will be looking forward to trade this Friday, lets get into our weekly Technical Forex Trading Forecast.
UsdCad
The CAD gained strength in the previous week at which we saw a sell off on the the UsdCad currency pair which quickly pushed the market to our target entry zone 1.31200 in which we have seen a good rejection and the formation of a bullish outside bar on the Dollar CAD pair.
UsdChf
This has been in our close watch since the beginning of February and we have reached our sell entry zone @ 1.00870 and this week we will be looking for price to push towards the Sell Zone before we we continue with our long term sell trade.
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| Previous Setup |
XauUsd
Gold has been giving us some excellent results on all our students, the pair has completed its bullish run as it has reached our 1345 target sell entry level, The institutions (Market Makers) are preparing to do stop running on around the 1345 level. I will advise that you wait on our signal before trading Gold or use very low risk possible until we give you a go ahead.
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| Previous Setup |
EurGbp
The EurGbp pair currently sits on the OTE buy zone at 0.86700 in which we have a double bottom formation and a number of bullish price action patterns which includes a fakey bar setup and an indecisive pattern setup.
AudUsd
AudUsd has found bullish pressure after the buyers took control of the market after the had dropped last week due to the superb gain in the dollar index.
We believe that these setups will assist you in your trading, we wish you the the best trading week. to open an account with our recommended broker please read the article we have attached below.
Recommended Article: Trade With Hotforex And Ajaxsurf
The EurGbp pair currently sits on the OTE buy zone at 0.86700 in which we have a double bottom formation and a number of bullish price action patterns which includes a fakey bar setup and an indecisive pattern setup.
AudUsd
AudUsd has found bullish pressure after the buyers took control of the market after the had dropped last week due to the superb gain in the dollar index.
We believe that these setups will assist you in your trading, we wish you the the best trading week. to open an account with our recommended broker please read the article we have attached below.
Recommended Article: Trade With Hotforex And Ajaxsurf
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