Weekly Fx Forecast for EURUSD, GBPUSD, USDCAD, NZDUSD, CADJPY (Oct. 21 – twenty five, 2019)

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Check out the most current Weekly Fx Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDCAD, NZDUSD, and CADJPY the 7 days of Oct 21, 2019. Check out this movie right before trading these currency pairs!

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EURUSD Forecast

This EURUSD rally is intact whilst the pair is over 1.1070 assistance.

Vital resistance for the 7 days in advance will come in at 1.1200 with a shut over that concentrating on the broader descending channel prime all over 1.1250/70.

Alternatively, a shut below 1.1070 would expose the 1.0990 location.

GBPUSD Forecast

GBPUSD finished the 7 days at the 1.2990 resistance place.

If customers can shut the pair over that, we could see GBPUSD extend higher towards 1.3170.

Alternatively, a shut below 1.2770 would signal weak point and expose 1.2570.

USDCAD Forecast

Can USDCAD sellers defend 1.3130/forty this 7 days?

Which is the problem that requirements answering.

If so, we could see USDCAD craze reduced towards 1.3000/twenty and perhaps 1.2870 and 1.2680.

Alternatively, a move over the 1.3382 superior would likely change the pair higher.

NZDUSD Forecast

NZDUSD customers have a ton likely in their favor, specially that .6200 confluence of assistance.

As very long as .6350/60 is intact as new assistance, I have to favor a move higher into .6430 and perhaps .6490.

Alternatively, a shut below .6340 would negate the bullish outlook.

CADJPY Forecast

CADJPY remains fairly bullish whilst over the eighty one.50/eighty assistance place.

Nevertheless, there is also some slight assistance all over eighty two.50 this 7 days.

A push higher from there would focus on 83.twenty with a shut over that exposing 84.twenty.

The measured aim for CADJPY remains eighty five.twenty/50.

If customers can retain CADJPY over eighty one.twenty/eighty this 7 days, we could see the pair move higher into 83.twenty with a shut over that exposing 84.twenty.
The aim for the potential inverse head and shoulders will come in all over eighty five.twenty.

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

  2. Justin. I have a question please. Some advice. You recently mentioned that if price closes below resistance turned support then it's more than likely to go towards the next support level. What happens though if you get the close below support but the next day closes above it again. Would you look to initiate new longs? Regards Ash

  3. the entire DXY chart needs some "toilet flush", that is, a volatile move that would trigger an impulsive move after that. Because, you can make a piece of art in channels of USDCAD, but this is just too complicated. And market is very simple and it likes "toiled flush" -es.

  4. how about this outlook for EURUSD: this week we revisit the 1.0966 level, touch it, and close this week at 1.1123 . Then next week we rise to 1.1325 into the FED meeting, then at FED meeting we make a spike at 1.1547, and that's it for the EURUSD's bull market. From that level we go down until the year end.

  5. Hi Justin just one Q here how would one know when to exit the market as took the bullish opportunistic on EURUSD GBPUSD but took profits to soon as it appears. Thanks

  6. Thanks again for the video, helps a lot! Congrats on growing your channel, you deserve it! Have a profitable week to anyone!

  7. Good analy thank for share .

  8. Very helpful outlook on these pairs…thank you!

  9. really helpful good work❤

  10. Justin you explain everything in details and it really helps me in analyzing the market. Thanks a lot.

  11. Came across this channel before yesterday and been forced to subscribe to it bcoz it's adding value to me already and will soon be part of the DPA family!!! Thumbs Up Justin

  12. amazing sir

  13. Thanks for the good work you are doing

  14. thank you sir you know i love to trade because of your analysis

  15. Always great to learn from you.

  16. Gbpcad Gbpaud Gbpnzd can u update too?

  17. Thank you Justin as always great VDO

  18. everything is good but can you more clear your chart ..i mean entry price and TP can you make a horizon line it is very simple to get more accurate for the beginners.. very clear to understand which please to start to sell or buy

  19. Thanks for the info it is straight to the point


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