Weekly Forex Forecast for EURUSD, GBPUSD, AUDUSD, GBPNZD, VETUSD (November 16 - 20, 2020)

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, AUDUSD, GBPNZD, and VETUSD through November 20, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, AUDUSD, GBPNZD, VETUSD (November 16 – 20, 2020)
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EURUSD Forecast
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EURUSD continues to churn within a sideways range.

Key support comes in at 1.1615 with resistance coming in near 1.1970.

There isn’t much to do here until the EURUSD breaks free from this range.

Continue reading…
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GBPUSD Forecast
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Similar to EURUSD, GBPUSD has been consolidating for months.

In the case of the pound, it’s consolidating between the May trend line support and the top of a falling wedge.

That upper level extends from the 2007 high and helps to form a pattern that could send GBPUSD higher in 2021.

AUDUSDForecast
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I wrote about this AUDUSD breakout on November 3rd.

The pair was breaking out of a short term descending trend line.

AUDUSD managed to close above that trend line as well as the 0.7230 horizontal level.

Continue reading…
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GBPNZD Forecast
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I wrote about the potential for GBPNZD to trend lower on October 26th.

We were watching how the pair reacted to the bottom of a long-standing ascending channel.

VETUSD Forecast
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VETUSD, which is VeChain’s native token, may have broken out of a long standing falling wedge last week.

However, so far, we aren’t seeing much bullish momentum.

Continue reading…
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