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Weekly Forex Forecast for EURUSD, GBPUSD, NZDUSD, XAUUSD, VETBTC (October 5 – 9, 2020)

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Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, NZDUSD, XAUUSD, and VETBTC through October 9, 2020. Watch this video before trading these currency pairs!

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(Video) Weekly Forex Forecast for EURUSD, GBPUSD, NZDUSD, XAUUSD, VETBTC (October 5 – 9, 2020)
https://dailypriceaction.com/setups/forex-forecast-eurusd-gbpusd-nzdusd-xauusd-vetbtc-october-5-9-2020/

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EURUSD Forecast
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The EURUSD continued its sideways movement last week.

And as I wrote on September 30th, buyers need to secure a daily close above 1.1800 to send the pair higher.

So far, they haven’t been able to do that.

Continue reading…
https://dailypriceaction.com/setups/forex-forecast-eurusd-gbpusd-nzdusd-xauusd-vetbtc-october-5-9-2020/

GBPUSD Forecast
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The GBPUSD looks less favorable than EURUSD, in my opinion.

It has the same short term uptrend, but the price action isn’t as telling as its euro counterpart.

GBPUSD buyers need to secure a daily close above 1.2980 to send the price higher.

NZDUSD Forecast
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The NZDUSD closed back above 0.6600, which is an area I mentioned last week.

However, this rally isn’t all that convincing.

There’s still a chance NZDUSD stalls out near 0.6700, which could produce a topping pattern in the form of a head and shoulders.

Continue reading…
https://dailypriceaction.com/setups/forex-forecast-eurusd-gbpusd-nzdusd-xauusd-vetbtc-october-5-9-2020/

XAUUSD Forecast
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I wrote about gold (XAUUSD) on Friday.

The key takeaway from that post was that the 1910 to 1920 region is serving as resistance.

That’s the area buyers need to break to send gold higher.

VETBTC Forecast
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VeChain against Bitcoin (VETBTC) is an interesting pair.

A view of the daily time frame shows a triangle pattern that has formed since the pair carved the recent high around 240 sats.

Continue reading…
https://dailypriceaction.com/setups/forex-forecast-eurusd-gbpusd-nzdusd-xauusd-vetbtc-october-5-9-2020/

Subscribe: http://bit.ly/2lTRJCh to learn more Forex tips and strategies.
Get free Forex setups: https://dailypriceaction.com/setups
Read more on my blog: https://dailypriceaction.com/blog

#EURUSD #GBPUSD #NZDUSD #XAUUSD #VETBTC

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Daily Price Action, its employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

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.

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