Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD (December 16 – 20, 2019)

Share it with your friends Like

Thanks! Share it with your friends!

Close

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, AUDUSD, and XAUUSD through December 20, 2019. Watch this video before trading these currency pairs!

RESOURCES & LINKS:
_____________________________________________

Subscribe to Justin’s Channel Today:
http://bit.ly/2lTRJCh

Weekly Forex Forecast for December 16 – 20, 2019
https://dailypriceaction.com/setups/forex-forecast-december-16-20-2019/

Need help with your trading? Join DPA today!
https://swingtrading.dailypriceaction.com/lifetime-membership

Download Justin’s Forex Charting Platform:
https://www.blueberrymarkets.com/lp/dailypriceaction
_____________________________________________

EURUSD Forecast
_____________________________

The EURUSD tested a significant resistance area last week.

Friday’s candle reached the 1.1170/80 region that we’ve been discussing for several weeks now.

The long upper wick just before the weekend signals an increase in selling pressure around that zone.

Continue reading…
https://dailypriceaction.com/setups/forex-forecast-december-16-20-2019/

GBPUSD Forecast
_____________________________

The GBPUSD played out nicely following the December 3rd breakout.

I’ve discussed the bullish potential from this pair for several weeks now given the higher lows and higher highs.

Furthermore, the sideways action that occurred in October and November signaled strength following the 800 pip rally in October.

USDJPY Forecast
_____________________________

The USDJPY has been incredibly indecisive recently.

Yes, the pair has managed to churn higher in recent weeks, but the price action has been choppy, to say the least.

But nothing lasts forever.

Continue reading…
https://dailypriceaction.com/setups/forex-forecast-december-16-20-2019/

AUDUSD Forecast
_____________________________

AUDUSD buyers finally broke free last week.

The bullish potential is something I wrote about on December 4.

However, after reaching our first target at 0.6930, the AUDUSD carved a bearish engulfing candle on Friday.

XAUUSD Forecast
_____________________________

The XAUUSD tested a key resistance level last week.

I wrote about the potential for a retest of the falling wedge top in the November 30th Forex forecast.

It was likely given the higher lows that have formed since mid-November.

Continue reading…
https://dailypriceaction.com/setups/forex-forecast-december-16-20-2019/

Subscribe: http://bit.ly/2lTRJCh to learn more Forex tips and strategies.
Get free Forex setups: https://dailypriceaction.com/setups
Read more on my blog: https://dailypriceaction.com/blog

#EURUSD #GBPUSD #USDJPY #AUDUSD #XAUUSD #Forex

Disclaimer: Any Advice or information on this website is General Advice Only – It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Daily Price Action, its employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd’s, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Comments

Justin Bennett says:

Get access to the same New York close Forex charts I use by going here: http://bit.ly/2UzPyiR so that each 24-hour session opens and closes at 5 pm EST. These charts are essential for trading price action as they provide five equal 24-hour session each week. Download Justin's preferred trading platform here: http://bit.ly/2UzPyiR

nomalanga mkhumbuza says:

Thanks Justin

Muhammed Nihad says:

Great video Mr.Justin, not only you analyze the pairs but you’re also trying to put some educational points in your videos as well. I wish you more success and more subscribers

Wise Fool says:

5:46 didn't it move 3000 pips and not 300?

Othniel Ebolum says:

Always beautiful watching your analysis, so precise thank you

mohamed hosh says:

u r a good teacher thank you so much

wilfred byabato says:

hey Justin what about brexit whats going on

Muhammad Imran Khan says:

great sir plz kindly can you tell that what will the impact of uk elections on this pair in future.

Diederik Alers says:

Great as always Justin. One thing I want to add is that on AUDUSD we are at a 38.2 fibonacci level when drawn from the yearly HL which I would consider additional confluence when looking for opportunities.

david madle says:

many thanks Justin I always look forward to your helpful videos With GBPUSD note that the general election we had here in UK on 12th will be the main factor in the spike up on Thursday after the exit poll was broadcast. thx David

tan do says:

Thank you sir

akhtar charles says:

What about nzd Usd ?

LEO BOROS says:

Hi Justin!
Is it right to aspire to an annual return of 100% of the capital?

shaikh badruzzaman says:

Thank you Justin for having a wonderful briefed in few pairs for upcoming week.This is going to help us lot for right direction.Take care

weihan yao says:

Thank you sir. I have learn a lot from you

Write a comment

*

THE FOREX-SPECIFIC SEARCH ENGINE Close