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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, NZDUSD, USDCAD (June 8 – 12, 2020)

By on December 6, 2020 0 30 Views
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Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, NZDUSD, and USDCAD through June 12, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, NZDUSD, USDCAD (June 8 – 12, 2020)

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EURUSD Forecast
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After a 500-pip rally over the last two weeks, EURUSD hit a wall of sellers on Friday between 1.1340 and 1.1380.

It was the first down day in the last ten sessions.

However, it’s unclear whether 1.1340/80 will serve as a temporary roadblock for buyers or the start of a capitulation event.

Continue reading…

GBPUSD Forecast
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GBPUSD is respecting the two key levels I’ve had on my chart for weeks.

Last week, I said that I wouldn’t be interested in GBPUSD until it tested the 1.2500 area, which was still resistance at the time.

Monday’s surge into 1.2500 erased any idea of selling the pair.

USDJPY Forecast
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USDJPY buyers finally broke free last week.

This is something I’ve been anticipating since early May when I was building a long position around 106.30.

Continue reading…

NZDUSD Forecast
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NZDUSD surprised to the upside last week as risk assets rallied and the US dollar weakened simultaneously.

Thursday’s close puts the pair above 0.6430 support.

USDCAD Forecast
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USDCAD has lost considerable ground recently.

After consolidating above 1.3860 for weeks, the pair finally broke below it and even closed the March gap at 1.3420.

Continue reading…

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#EURUSD #GBPUSD #USDJPY #NZDUSD #USDCAD #Forex

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