Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, XAUUSD, XAGUSD (July 27 – 31, 2020)

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, XAUUSD, and XAGUSD through July 31, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, XAUUSD, XAGUSD (July 27 – 31, 2020)
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EURUSD Technicals
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EURUSD bulls have had a heck of a month.

I wrote about the bull flag pattern on July 6th.

I also told DPA members I was buying the pair when it was trading below 1.1300.

Continue reading…
setups/forex-forecast-july-27-31-2020/

GBPUSD Technicals
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GBPUSD is another one that has played out according to plan.

I wrote about this 2019 trend line on July 8th.

In that post, I stated that a close above the trend line would expose the 1.2800 resistance area.

USDJPY Technicals
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USDJPY is at risk of breaking a seven-year level.

I’ve mentioned this multi-year wedge pattern several times over the last few months.

All breakouts on the daily and weekly time frames have failed.

Continue reading…
setups/forex-forecast-july-27-31-2020/

XAUUSD Technicals
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XAUUSD (gold) has been on a tear since close above 1815.

I wrote about the potential for an aggressive breakout from 1815 on July 17th.

XAGUSD Technicals
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On June 30th, I stated that XAGUSD (silver) would remain bullish while above 18.00.

The initial target was 19.00, which came to fruition on July 13th.

I then mentioned that the next stop for XAGUSD was 21.00 on July 13th, which occurred just six days later.

Continue reading…
setups/forex-forecast-july-27-31-2020/

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