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Weekly Fx Forecast for EURUSD, GBPUSD, NZDUSD, AUDCAD, XAUUSD (December two – 6, 2019)




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View the hottest Weekly Fx Forecast to see how Justin Bennett is buying and selling the EURUSD, GBPUSD, NZDUSD, AUDCAD, and XAUUSD via December 6, 2019. View this online video in advance of buying and selling these currency pairs!

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Weekly Fx Forecast for December two – 6, 2019
https://dailypriceaction.com/setups/forex trading-forecast-december-two-6-2019/

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EURUSD Forecast
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I have been talking about the one.0990 region on the EURUSD for weeks now.

It is a confluence of assistance primarily based on the intersection of a important horizontal amount and ascending channel assistance.

We observed the EURUSD dip below one.0990 on Friday, but prospective buyers stepped in just in advance of the weekend.

That keeps the one.0990 region intact as assistance for now.

GBPUSD Forecast
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The GBPUSD hasn’t accomplished significantly currently.

Considering the fact that closing over one.2770 on October 16, the pair has consolidated amongst that amount and one.2980.

The lack of route has manufactured the GBPUSD fairly unappealing.

NZDUSD Forecast
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We have been ready for the NZDUSD to split out for a while now.

Customers tried out yet again very last week but in the end unsuccessful to close the pair over important resistance at .6430/40.

Until we see NZDUSD close the working day over .6430/40, the spot will keep on to appeal to sellers.

AUDCAD Forecast
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I talked about AUDCAD in very last week’s Fx forecast.

The thought was to enjoy for both a close over wedge resistance or below wedge assistance.

You can see how AUDCAD shut below that assistance amount very last Thursday.

XAUUSD Forecast
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Like a lot of other markets, XAUUSD (gold) hasn’t accomplished significantly currently.

Nonetheless, no consolidation lasts eternally, and that’s precisely what we have observed below given that August.

I also like the way XAUUSD has held its ground relatively well, specially contemplating how aggressive the rally was amongst June and August.

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#EURUSD #GBPUSD #NZDUSD #AUDCAD #XAUUSD #Fx

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17 comments

  1. Thanks for stopping by! Subscribe here: http://bit.ly/2lTRJCh to be the first to watch new Forex videos, and leave your comment below. 🙂

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  2. Justin Bennett gold is good analysis. Mentor you are the beast ever.

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  3. Nice video

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  4. Awesome blog, I’ve read your articles and they are full of useful information! So, why the community is not free for everyone?

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  5. This was awesome.. pls add gbpnzd on your upcoming videos as well

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  6. Thank you for another great analysis. Always spot on

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  7. Now that I have just watched the analysis I have inner peace and insight on how to strike the trades for the new week, I waited since Friday just to get a YouTube alert for your video. Thanks so much like I always say, I am now making profits and trades without so much panics. Can't thank you enough.

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  8. Excellent, your chart confirms my selling opportunity on AUDCAD, keep in mind that this week we have RBA and BoC meetings, market is pricing in a rate cut for february and this week we have have australian GDP, although is forecasted to come steady, there is the risk of a miss due to weak macro data, RBA is expected to keep the same speech of "a cut will come if needed" and Lowe probably will reiterate the unlikelihood of QE, but several investment banks still see the risk of 2 rate cuts and QE assuming that trade war will dominate along 2020. In the other hand, Poloz is keeping the speech less dovish that most of banks by saying that BoC rates are about well placed seeing the current situation, also by friday a beat is forecasted in labour data. Right now market is pricing just 5% rate cut probability and around 40% by the end of 2020. I see a good chance of selling at resistance levels and I don't think it would go further up than 0.90 . Hope this helps

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  9. very nice sir

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  10. Hi coach. .. Thank you for the detailed analysis. All makes sense and on Gold: I've been observing that bearish rotation of a possible reversal happening now and am looking at a possible double bottom so am glad you touched on that as well. Thank you!

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  11. Interesting outlook on EURUSD & XAUUSD

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  12. Thanks sir

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  13. great, thank you for your analysis

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  14. Thank you so much

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  15. Great analysis as always. There was a gap around 1385 on XAU which is still to be closed… do you believe that can be closed in this probably down move ??

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  16. Thanks sir

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  17. Tanks sir

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