Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, EURJPY, XAUUSD (January 6 – 10, 2020)

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Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, EURJPY, and XAUUSD through January 10, 2020. Watch this video before trading these currency pairs!

RESOURCES & LINKS:
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Weekly Forex Forecast for January 6 – 10, 2020
https://dailypriceaction.com/setups/forex-forecast-january-6-10-2020/

Need help with your trading? Join DPA today!
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EURUSD Forecast
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The EURUSD tested a significant resistance area last week.

I first discussed the descending channel resistance at 1.1200 back on September 6th when the pair was about to test the channel bottom near 1.0900.

Continue reading…
https://dailypriceaction.com/setups/forex-forecast-january-6-10-2020/

GBPUSD Forecast
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The GBPUSD could be carving a lower high.

We saw the pound retest the ascending channel top in mid-December, which triggered a relatively aggressive selloff.

To me, the latest rally that began on December 24th looks like a bull trap.

USDJPY Forecast
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The USDJPY has finally broken free from its range between 108.40 and 109.70.

The pair is also selling off from a trend line that extends from November 2018.

I first mentioned this trend line in the December 21st forecast video.

Continue reading…
https://dailypriceaction.com/setups/forex-forecast-january-6-10-2020/

EURJPY Forecast
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The EURJPY retested a significant support level on Friday.

The ascending channel in the chart below has been intact since the 2019 low in September.

XAUUSD Forecast
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The XAUUSD (gold) reached our second target on Friday at 1550.

Gold hit our first target at 1515 on December 27th.

If you’ve followed this site for the last couple of weeks, you know that I was bullish XAUUSD given the falling wedge that had developed.

Continue reading…
https://dailypriceaction.com/setups/forex-forecast-january-6-10-2020/

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 #EURJPY #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:

Become a member of this YouTube channel here: http://bit.ly/2PKnKJD and get access to 5-10 Forex analysis videos from me every single week!

hari rajput says:

Dear Justin we make payments of lifetime membership during the offer timing on your daily price action website but don't get login id and password yet

minhthu nguyen says:

Thank you for your wonderful analysis

Satesh S says:

hey Justin, I was just wondering which tradingview broker charts are similar to the ones you use, the ones I'm using doesn't line up exactly based on the key levels you are using, thanks in advance

Rawinder Singh says:

What platform do u use for charting and other technical analysis?

lemar libaton says:

already joined for your channel sir..

lemar libaton says:

good day sir.. thanks for daily guide for forex..

Goldflex5050 Goldflex5050 says:

This is like my consultation room for an insight for upcoming week trades. Many thanks

NFG Sufyaan says:

Im literally screwed if gold goes above 1560 without going down to 1548

anthony persaud says:

why am i paying for something that you giving away for free I'm a member and don't get any update . I have to come to utube and see the same video that all is getting for free

Forex Turtle says:

Thanks Justin,

Edel Rivera says:

Hi justin i cant join to your channel, its always “its not availbale for purchase”

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