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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, NZDUSD, XAUUSD (March 23 – 27, 2020)

By on June 3, 2020 0 6 Views
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Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, NZDUSD, and XAUUSD through March 27, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, NZDUSD, XAUUSD (March 23 – 27, 2020)

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EURUSD Forecast
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The EURUSD played out perfectly for us last week.

If you watched last weekend’s Forex forecast video, you know that the recent false break above 1.1170 meant that a return to 1.0725 was likely.

That 1.0725 area was the open gap from April 2017.

Continue reading…

GBPUSD Forecast
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The GBPUSD has become too volatile to trade, in my opinion.

Friday’s session alone spanned over 500 pips.

It used to take the pair weeks to move that distance.

USDJPY Forecast
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USDJPY is a prime example of market whiplash.

The February 27th close below 109.80 presented us with an incredible short opportunity, one I most certainly jumped on.

Following an 800+ pip dive that took just seven trading days, the USDJPY clawed back all of those losses and then some in eight sessions.

Continue reading…

NZDUSD Forecast
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I wrote about the NZDUSD multi-year wedge pattern on March 10th.

I also pointed out the confirmed breakdown on the 13th.

What’s most impressive about this pattern is that wedge support extends from the 2000 lows, making it a twenty-year structure.

XAUUSD Forecast
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Like most markets, the XAUUSD (gold) remained volatile last week, finishing between 1450 support and 1515 resistance.

So far, I don’t see signs of a rebound.

Continue reading…

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#EURUSD #GBPUSD #USDJPY #NZDUSD #XAUUSD #Forex

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