Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, NZDUSD, and XAUUSD through April 17, 2020. Watch this video before trading these currency pairs!
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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, NZDUSD, XAUUSD (April 13 - 17, 2020)
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EURUSD Forecast
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The EURUSD broke above 1.0825 last week.
It’s a key level I mentioned in last Saturday’s forecast video.
You can even see where the EURUSD caught a bid from 1.0825 during Wednesday’s session.
Continue reading…
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GBPUSD Forecast
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The GBPUSD consolidation continues.
Last week saw the pair trading between 1.2200 support and 1.2470 resistance.
I mentioned last weekend how I wasn’t interested in the GBPUSD due to the range-bound price action.
USDJPY Forecast
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I wrote about USDJPY on Thursday.
The key takeaway from that post was that Thursday’s close below 108.50 signaled potential weakness.
We saw the USDJPY lose some ground on Friday, but it’s difficult to use that as a barometer given the low levels of volume before the weekend.
Continue reading…
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NZDUSD Forecast
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I wrote about the potential for an NZDUSD rally on March 24th.
I also talked about a move higher to 0.6200 last Tuesday.
Since my March 24th post, the NZDUSD has gained 250 pips.
XAUUSD Forecast
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XAUUSD played out perfectly for Daily Price Action members last week.
On April 3rd, I posted a 4-hour chart that signaled an imminent breakout.
I even told members that a break above the 1615 area would target the 1690 area I discussed last weekend.
Continue reading…
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#EURUSD #GBPUSD #USDJPY #NZDUSD #XAUUSD #Forex
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High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
