Weekly Forex Forecast for EURUSD, GBPUSD, NZDUSD, GBPNZD, XAUUSD (September 14 – 18, 2020)

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, NZDUSD, GBPNZD, and XAUUSD through September 18, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, NZDUSD, GBPNZD, XAUUSD (September 14 – 18, 2020)
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EURUSD Forecast
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The EURUSD hasn’t changed much lately.

The pair is still consolidating between 1.1700 support and the 1.1960 resistance area.

However, this is all the more reason to stay cautiously bullish, in my opinion.

Continue reading…
setups/forex-forecast-september-14-18-2020/

GBPUSD Forecast
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The GBPUSD has worked out nicely for those who got short following the September 7th close below trend line support.

I mentioned the potential for this breakdown two weekends ago.

You can also see where the pound closed below the March trend line last week.

NZDUSD Forecast
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I mentioned this rising wedge on NZDUSD last week.

You can see how the pair has held above support since then.

A close below 0.6640 would suggest weakness and expose the next key support at 0.6500.

Continue reading…
setups/forex-forecast-september-14-18-2020/

GBPNZD Forecast
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I wrote about this GBPNZD ascending channel on July 22nd.

The pair was testing channel support, and I mentioned that a breakdown looked imminent.

But the pair bounced from channel support instead.

XAUUSD Forecast
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Gold (XAUUSD) has been consolidating since early August.

The pullback from 2075 took XAUUSD back to 1900, which was the metal’s previous all-time high.

However, the price action since then has continued to look constructive.

Continue reading…
setups/forex-forecast-september-14-18-2020/

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