Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, AUDUSD, GBPNZD, and XAUUSD through December 4, 2020. Watch this video before trading these currency pairs!
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Weekly Forex Forecast for EURUSD, GBPUSD, AUDUSD, GBPNZD, XAUUSD (November 30 – December 4, 2020)
https://bit.ly/39lmLK8
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EURUSD Forecast
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The EURUSD is close to breaking out of a four-month range.
The area between 1.1615 support and 1.1970 resistance has been a key factor since September.
However, I’ve favored the euro higher for months.
Continue reading…
https://bit.ly/39lmLK8
GBPUSD Forecast
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GBPUSD buyers are trying their best to close the pair above the 1.3340 resistance area.
They managed to do so between Tuesday and Thursday last week, but Friday’s close casts some doubt over the breakout.
As I mentioned in today’s video, the weekly chart failed to close above 1.3340.
AUDUSD Forecast
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I mentioned the potential for a higher AUDUSD on November 23rd.
In the Daily Price Action member’s video, I said that the 4-hour triangle pointed to a break above 0.7340.
Sure enough, AUDUSD broke above that level on the 24th.
Continue reading…
https://bit.ly/39lmLK8
GBPNZD Forecast
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I’ve been talking about a potential breakdown from GBPNZD since July.
I also mentioned it on November 12th.
The lower highs since August suggested that a break lower was imminent.
XAUUSD Forecast
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Gold (XAUUSD) hasn’t performed well of late.
And that’s an understatement.
Since carving a 2020 high at 2075, gold has declined over 12%.
Continue reading…
https://bit.ly/39lmLK8
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#EURUSD #GBPUSD #AUDUSD #GBPNZD #XAUUSD
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