Биржа Труда В Самаре Как Встать - Weekly Forex Forecast for EURUSD, GBPUSD, USDCAD, EURJPY, XAUUSD (April 6 – 10, 2020)

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDCAD, EURJPY, and XAUUSD through April 10, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, USDCAD, EURJPY, XAUUSD (April 6 – 10, 2020)
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EURUSD Forecast
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The volatility continued last week for the EURUSD.

As you can see, the euro broke several support levels, including 1.1010, 1.0950, and 1.0825.

We’ll have to see where the EURUSD opens on Monday, but that 1.0825 could attract sellers this week.

Continue reading…
setups/forex-forecast-april-6-10-2020/

GBPUSD Forecast
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The GBPUSD spent most of last week consolidating.

It wasn’t until Friday that sellers regained a little momentum.

But despite the late-week move lower, the GBPUSD remains range-bound for the week ahead.

USDCAD Forecast
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Structurally, the USDCAD is ideal for a swing trader like me.

I wrote about the pair a couple of times last week.

The takeaway from both posts is that USDCAD buyers need to clear channel resistance on a daily closing basis to expose higher levels.

Continue reading…
setups/forex-forecast-april-6-10-2020/

EURJPY Forecast
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I remain short the EURJPY going into the new week.

The hammer/hanging man that formed on March 26th signaled an end to the 500-pip relief rally.

I added to that position following Wednesday’s close below the short-term ascending channel I wrote about on Friday.

XAUUSD Forecast
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In my opinion, XAUUSD (gold) is going much higher in the coming months and years.

The short-term direction, on the other hand, is more difficult to read.

It doesn’t help that both February and March produced indecision candles on the monthly time frame.

Continue reading…
setups/forex-forecast-april-6-10-2020/

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