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

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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!


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Weekly Forex Forecast for December 16 – 20, 2019

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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…

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…

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…

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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 ?


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

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