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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)

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EURUSD Forecast

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…

GBPUSD Forecast

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

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…

XAUUSD Forecast

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

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…

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