Weekly Forex Forecast for EURUSD, GBPUSD, XAUUSD, ETHUSD, VETUSD (August 10 – 14, 2020)

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, XAUUSD, ETHUSD, and VETUSD through August 14, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, XAUUSD, ETHUSD, VETUSD (August 10 – 14, 2020)
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EURUSD Forecast
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The EURUSD spent last week consolidating below 1.1900 resistance.

That’s the area that buyers need to clear in order to extend the recent rally.

More specifically, euro bulls need to secure a daily close above 1.1900 to expose the 1.2090 region.

Continue reading…
setups/forex-forecast-august-10-14-2020/

GBPUSD Forecast
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GBPUSD spent last week consolidating below the 1.3160 resistance area.

I wrote about the same price in last week’s forecast.

It’s technically a confluence of resistance as it’s the intersection of a key horizontal level and a trend line from April 2018.

XAUUSD Forecast
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Gold (XAUUSD) continues to be a “buy the dip” kind of market.

At least that has been my approach since April 1st.

That’s when I started to scale into several junior mining companies, which I also shared with DPA members at the time.

Continue reading…
setups/forex-forecast-august-10-14-2020/

ETHUSD Forecast
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Ethereum (ETHUSD) looks like it’s ready for the next leg higher.

I started writing about ETH on June 4th.

At the time, the coin was still trading in the $230 range.

VETUSD Forecast
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VeChain (VETUSD) has enjoyed a heck of a run lately.

I first wrote about VeChain on June 26th.

I also told DPA members I was buying the cryptocurrency on June 11th when it was still trading between 0.008 and 0.009.

Continue reading…
setups/forex-forecast-august-10-14-2020/

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#EURUSD #GBPUSD #XAUUSD #ETHUSD #VETUSD #Forex

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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.