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FX weekly setup

Gemma HollowayDecember 6, 2021

Monday 6th December to Friday 10th December 2021

CHF/JPY

Entry: 122.769
Stop Loss: 122.079
Take Profits 125.538

Comments: Wait for a DAILY candle to close above 122.850 before entering a trade.

Alternative: If price closes below 122.352 then expect further downside towards 121.500 and 121.000.

Major news this week: N/A


NZD/CAD

LONG
Entry: 0.86460
Stop Loss: 0.85804
Take Profit: 0.89453

SHORT
Entry: 0.85806
Stop Loss: 0.86661
Take Profit: 0.83076


Comments: We are waiting for a clear reaction to the current price which is currently at a key support/resistance level. Wait for Bank of Canada’s interest rate announcement and monetary policy statement on Wednesday before entering any trades.

Major news this week: 8th December 2021 - Interest rates decision and monetary policy statement (CAD).


USD/CHF

Entry: 0.92151
Stop Loss: 0.92473
Take Profits 0.90883

Comments: Wait for price to make a clear rebound from the current resistance level before entering the trade.

Alternative: If the price closes above 0.92473 then expect further upside towards new highs above 0.93736.

Major news this week: 10th December 2021 – CPI and Core CPI figures release (USD).

 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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