Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, AUDJPY, AUDCAD (November 25 – 29, 2019)

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Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, AUDJPY, and AUDCAD through November 29, 2019. Watch this Forex analysis before trading these currency pairs!

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Weekly Forex Forecast for November 25 – 29, 2019
https://dailypriceaction.com/setups/forex-forecast-november-25-29-2019/

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EURUSD Forecast
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EURUSD sold off from a familiar area last week.

I’ve pointed out the 1.1070 region for several weeks now.

You can see how it has served as a pivot for the euro since late July.

GBPUSD Forecast
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GBPUSD remains in consolidation between 1.2770 and 1.2980.

We’ve been discussing this range for several weeks now.

Notice how the 1.2980 region attracted sellers once again last week.

USDJPY Forecast
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The USDJPY remained indecisive last week following the November 14 close below wedge support.

So far, sellers have yet to follow through on that breakdown.

At the same time, the USDJPY is still capped below the 109.00 resistance handle.

AUDJPY Forecast
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The AUDJPY may be gearing up for a move lower.

Notice how the pair has carved what could be a rising wedge over the last few months.

But it isn’t the most well-defined pattern I’ve seen.

AUDCAD Forecast
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I wrote about a possible AUDCAD bullish pattern last week.

The inverse head and shoulders isn’t the cleanest formation I’ve seen, but it does still qualify as of now.

However, there’s always the possibility that buyers never quite get behind this pair.

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#EURUSD #GBPUSD #USDJPY #AUDJPY #AUDCAD #Forex

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Comments

Justin Bennett says:

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

Mohamad Fadli Md Yusof says:

Tenkiu sifoo

nilbert pacheco says:

Big thanks Sir Just…

Timothy Thomas says:

Thanks Justin awesome video!

Hello Sunshine says:

Thank you always Justin!

Gift Mabaso says:

You are very kind sir

Absolute Zero says:

I am staying very patient with my EURUSD shorts I took at 1.1150 few weeks ago. Happy trading to all the dollar bulls.

Keval Barot says:

Kindly please update us about NZD/USD

Eivind Bydall says:

I do believe 1.1020 is the last support before a full bearish move. We are also heading towards the end of Nov meaning there could be positioning for next month and 1.1100 could be tested again before a longer sell off. I do agree on your views on GBPUSD. It's better to wait and see what the market wants that forcing it in a desired direction. For AUD has been performing not as expected. Now we are closing up to the end of the year which we can start seeing profit taking and sell off in the stock markets and a move to safe heavens.

LEO BOROS says:

Hi Justin,
in your opinion
is it possible for a currency pair to move 5,000 pips in one day? (considering historical events, flash crashes ecc.)

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