In this weekly Forex forecast, I’m going to show you exactly how I’m trading EURUSD, GBPUSD, EURGBP, GBPCAD, and XAUUSD through October 4, 2019.
The EURUSD closed out last week as anticipated.
I wasn’t sure whether or not the pair would close back above 1.0930, but I had a strong feeling that the 1.0900 handle would attract buyers.Continue Reading
Last Friday I wrote about the potential for a pullback from GBPJPY.
The pair had stalled at 135.40 resistance, which was our second target following the breakout I wrote about on September 8.
Friday’s session carved a bearish engulfing candle, which hinted at a move into 132.20 this week.
Notice how today’s low, at least so far, is 132.31.Continue Reading
EURUSD is sitting on a critical support level today.
We’ve discussed the significance of this 1.0900/30 support area in recent posts and videos.
You can see how the euro encountered buyers here on September 3 and again on the 12th.
I also mentioned the area just below 1.1000 recently.Continue Reading
EURJPY is encountering buyers at a level I mentioned on Saturday.
I wrote about 117.80 in last weekend’s forecast and also pointed it out in Saturday’s video.
It was actually a range of support between 117.80 and 118.30.Continue Reading
Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action. GBPUSD is at a pivotal point in this relief rally. I’ve discussed the significance of the 1.2380 level in recent posts and videos. It’s the level that supported […]Continue Reading