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Weekly Forex Forecast for EURUSD, GBPUSD, NZDUSD, USDCAD, CADJPY (June 15 – 19, 2020)

By on September 13, 2020 0 4 Views
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Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, NZDUSD, USDCAD, and CADJPY through June 19, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, NZDUSD, USDCAD, CADJPY (June 15 – 19, 2020)

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EURUSD Forecast
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The EURUSD lost some ground late last week after an impressive 550 pip rally that began May 25th.

If you saw last week’s forex forecast, you know that I was keeping a close eye on the 1.1340 to 1.1380 resistance area.

Despite repeated attempts from buyers, the EURUSD never closed above 1.1380.

Continue reading…

GBPUSD Forecast
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The GBPUSD is still holding above the 1.2500 support area I’ve mentioned for the last couple of weeks.

However, the final 48 hours of last week aren’t an encouraging sign for bulls.

The aggressive selloff into 1.2500 could trigger a break lower this week, in which case look to the 1.2200 area.

NZDUSD Forecast
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The NZDUSD tested a long-standing trend line last week.

If you’ve seen my recent NZDUSD posts, you know about the multi-year wedge pattern, much like the one on the EURUSD.

We saw the New Zealand dollar come off that 0.6550 resistance level and retest 0.6430 as new support.

Continue reading…

USDCAD Forecast
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I wrote about USDCAD on Friday.

In that post, I stated that a Friday close above 1.3560 could signify that the last few days below channel support was nothing more than a false break.

CADJPY Forecast
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CADJPY is dealing with a twenty five year trend line this month.

I wrote about this on Thursday.

Where June closes in relation to the 78.40/50 area will be telling.

Continue reading…

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#EURUSD #GBPUSD #NZDUSD #USDCAD #CADJPY #Forex

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