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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD, EURGBP (March 2 – 6, 2020)

By on June 11, 2020 0 23 Views
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Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, USDCAD, and EURGBP through March 6, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD, EURGBP (March 2 – 6, 2020)

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EURUSD Forecast
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The EURUSD put in a big move last week.

I mentioned the potential for a bounce here in last weekend’s forecast.

The test of that descending channel near 1.0780 is something I discussed on February 13th.

Continue reading…

GBPUSD Forecast
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The GBPUSD finally reached 1.2770 support last week.

I discussed the potential for a move lower from 1.3050 in the February 16th weekly forecast.

I also wrote about the likelihood of a move to 1.2770 on February 19th.

USDJPY Forecast
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The USDJPY confirmed a massive false break last week.

Buyers confirmed the bullish breakout on the daily and weekly time frames last week, but it didn’t last.

One big clue was the velocity of last week’s pullback.

Continue reading…

USDCAD Forecast
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The USDCAD broke free from a confluence of resistance near 1.3300 last week.

I mentioned the breakout in the member’s area on Wednesday and how the area just above 1.3300 was new support.

Thursday’s session gave us a low of 1.3316 before rocketing 150 pips higher.

EURGBP Forecast
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I’ve been discussing a potential EURGBP bottom since January 31st.

I mentioned it again on February 19th.

As you can tell from the chart below, buyers are doing their part to make that idea a reality.

Continue reading…

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#EURUSD #GBPUSD #USDJPY #USDCAD #EURGBP #Forex

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