Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, AUDUSD, VETUSD (October 26 – 30, 2020)

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, AUDUSD, and VETUSD through October 30, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, AUDUSD, VETUSD (October 26 – 30, 2020)
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EURUSD Forecast
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The EURUSD gained a decent amount last week after a slight pullback the week before.

If you saw Wednesday’s video, you know that I managed to get long here.

As I mentioned in that video, I liked the idea of the 1.1815 area becoming new support.

Continue reading…
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GBPUSD Forecast
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GBPUSD continues to look unfavorable.

Although the uptrend is technically still intact, the last few weeks have been incredibly choppy.

Additionally, the 1.3000 area has become less influential following the price action in mid-October.

USDJPY Forecast
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USDJPY gave us a nice move last week.

I’ve been talking about the potential for a retest of 104.20 for the last couple of weeks, including last week’s forecast.

Continue reading…
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AUDUSD Forecast
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I mentioned this AUDUSD trend line on October 11th.

Sure enough, the pair failed to close above it and rotated lower to test 0.7030 support once more.

This has carved a wedge pattern that could be playable over the coming days.

VETUSD Forecast
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VeChain’s token VET closed above a critical area last week.

I’ve written about this pattern a couple of times in recent weeks, noting how VET needed to get above falling wedge resistance.

It did that last week.

Continue reading…
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