Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, NZDUSD, and XAUUSD through June 5, 2020. Watch this video before trading these currency pairs!
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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, NZDUSD, XAUUSD (June 1 – 5, 2020)
https://dailypriceaction.com/setups/forex-forecast-june-1-5-2020/
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EURUSD Forecast
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The EURUSD rallied above the 1.1100 area on Friday.
However, last week’s close was less than convincing for euro bulls.
I shorted the pair on Friday at 1.1138, an entry which I announced in the membership forums when EURUSD was still trading at 1.1130.
Continue reading…
https://dailypriceaction.com/setups/forex-forecast-june-1-5-2020/
GBPUSD Forecast
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GBPUSD continues to be an undesirable pair to trade, at least for me.
The selloff from 1.2350 on May 12th, which we discussed in the member’s area, was the last quality opportunity.
USDJPY Forecast
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I love the look of the USDJPY monthly chart.
Anyone who has followed me for the last few weeks knows this.
Continue reading…
https://dailypriceaction.com/setups/forex-forecast-june-1-5-2020/
NZDUSD Forecast
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Another appealing multi-year wedge is that of the NZDUSD pattern that extends from the 2000 lows.
The pair’s all-time support level broke down during the March selloff.
XAUUSD Forecast
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I was talking to members about XAUUSD (gold) in the forums last week when it was retesting the bottom of this wedge at 1693.
The idea was to keep a close eye on how the market reacted to that level, and if it could recover back above the wedge top at 1705.
Continue reading…
https://dailypriceaction.com/setups/forex-forecast-june-1-5-2020/
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#EURUSD #GBPUSD #USDJPY #NZDUSD #XAUUSD #Forex
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