Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, XAUUSD, and VETUSD through August 7, 2020. Watch this video before trading these currency pairs!
RESOURCES & LINKS:
_____________________________________________
Become a YouTube channel member and receive 5-10 analysis videos each week!
2PKnKJD
Subscribe to Justin’s Channel Today:
2lTRJCh
Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, XAUUSD, VETUSD (August 3 – 7, 2020)
setups/forex-forecast-august-3-7-2020/
Need help with your trading? Join DPA today!
lifetime-membership
Download Justin’s Forex Charting Platform:
lp/dailypriceaction
_____________________________________________
EURUSD Technicals
_____________________________
EURUSD trended higher again last week but lost some momentum in the final hours.
This entire second leg materialized in early July following the close above a bull flag pattern.
I discussed this pattern on June 29th and again, on July 6th.
Continue reading…
setups/forex-forecast-august-3-7-2020/
GBPUSD Technicals
_____________________________
GBPUSD played out beautifully for those who caught the idea I posted last week.
In fact, I’ve been talking about the potential for a higher GBPUSD for the last two weekends.
In last week’s forecast, I discussed how a close above 1.2815 would target 1.3000.
USDJPY Technicals
_____________________________
Did USDJPY close below this multi-year pattern last week?
I’ve been discussing this wedge pattern for months.
However, USDJPY wasn’t respecting either level on a daily or weekly closing basis.
Continue reading…
setups/forex-forecast-august-3-7-2020/
XAUUSD Technicals
_____________________________
XAUUSD (gold) continues to perform exceptionally well.
And I don’t see that changing anytime soon.
Will we have pullbacks?
Of course.
VETUSD Technicals
_____________________________
VeChain (VETUSD) looks ready to break out again.
If you were here several weeks ago, you’d remember the 150% rally that ensued following the last breakout.
I discussed that opportunity on June 26th and again on July 1st.
Continue reading…
setups/forex-forecast-august-3-7-2020/
Subscribe: 2lTRJCh to learn more Forex tips and strategies.
Get free Forex setups: setups
Read more on my blog: blog
#EURUSD #GBPUSD #USDJPY #XAUUSD #VETUSD #VeChain
Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Daily Price Action, its employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
RESOURCES & LINKS:
_____________________________________________
Become a YouTube channel member and receive 5-10 analysis videos each week!
2PKnKJD
Subscribe to Justin’s Channel Today:
2lTRJCh
Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, XAUUSD, VETUSD (August 3 – 7, 2020)
setups/forex-forecast-august-3-7-2020/
Need help with your trading? Join DPA today!
lifetime-membership
Download Justin’s Forex Charting Platform:
lp/dailypriceaction
_____________________________________________
EURUSD Technicals
_____________________________
EURUSD trended higher again last week but lost some momentum in the final hours.
This entire second leg materialized in early July following the close above a bull flag pattern.
I discussed this pattern on June 29th and again, on July 6th.
Continue reading…
setups/forex-forecast-august-3-7-2020/
GBPUSD Technicals
_____________________________
GBPUSD played out beautifully for those who caught the idea I posted last week.
In fact, I’ve been talking about the potential for a higher GBPUSD for the last two weekends.
In last week’s forecast, I discussed how a close above 1.2815 would target 1.3000.
USDJPY Technicals
_____________________________
Did USDJPY close below this multi-year pattern last week?
I’ve been discussing this wedge pattern for months.
However, USDJPY wasn’t respecting either level on a daily or weekly closing basis.
Continue reading…
setups/forex-forecast-august-3-7-2020/
XAUUSD Technicals
_____________________________
XAUUSD (gold) continues to perform exceptionally well.
And I don’t see that changing anytime soon.
Will we have pullbacks?
Of course.
VETUSD Technicals
_____________________________
VeChain (VETUSD) looks ready to break out again.
If you were here several weeks ago, you’d remember the 150% rally that ensued following the last breakout.
I discussed that opportunity on June 26th and again on July 1st.
Continue reading…
setups/forex-forecast-august-3-7-2020/
Subscribe: 2lTRJCh to learn more Forex tips and strategies.
Get free Forex setups: setups
Read more on my blog: blog
#EURUSD #GBPUSD #USDJPY #XAUUSD #VETUSD #VeChain
Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Daily Price Action, its employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
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