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FX weekly setup

Gemma HollowayDecember 13, 2021

Monday 13TH December to Friday 17th December 2021

AUD/CAD

Entry: 0.90892
Stop Loss: 0.91408
Take Profit: 0.88773

Comments: Wait for a DAILY candle to close below 0.91000 and make clear rebound from resistance area before entering trade.

Alternative: If price closes above 0.91550 then expect further upside towards 0.93000

Major news this week: 

  • 15th December 2021 – CPI figures release (CAD).
  • 15th December 2021 – BOC Governor Tiff Macklem speech (CAD).
  • 15th December 2021 – RBA Governor Philip Lowe speech (AUD).
  • 16th December 2021 – Employment change and unemployment rate release (AUD).

EUR/JPY

LONG
Entry: 126.256
Stop Loss: 128.131
Take Profit: Take Profit: 114


Comments: Unlikely to come into play this week but something to keep on your radar as it has huge downside potential. Wait for daily candle to break below 126.250 and then retest before entering trade. EU Monetary Policy Statement later this week should give further insight into future direction of EUR.

Major news this week: 16th December 2021 - Interest rates decision and monetary policy statement (EUR).


NZD/CHF

Entry: 0.62955
Stop Loss: 0.61417
Take Profits 0.67724

Comments: Slightly longer-term trade. Look for price to break above 0.62900 before entering.

Alternative: If price drops below 0.61500 then expect further downside towards 0.60000.

Major news this week: 

  • 14th December 2021 – RBNZ Governor Adrian Orr speech (NZD).
  • 15th December 2021 – GDP figures release (NZD).
  • 16th December 2021 – Interest rate decision and monetary policy statement (CHF).

 All trading involves risk and losses can exceed deposits. Any opinions, news, research, analysis or other information contained does not constitute investment advice.

* SPE analysts risk no more than 1% on any FX trade.

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