Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, USDCAD, and EURGBP through March 6, 2020. Watch this video before trading these currency pairs!
RESOURCES & LINKS:
_____________________________________________
Become a YouTube channel member and receive 5-10 analysis videos each week!
http://bit.ly/2PKnKJD
Subscribe to Justin’s Channel Today:
http://bit.ly/2lTRJCh
Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD, EURGBP (March 2 – 6, 2020)
https://dailypriceaction.com/setups/forex-forecast-march-2-6-2020/
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 put in a big move last week.
I mentioned the potential for a bounce here in last weekend’s forecast.
The test of that descending channel near 1.0780 is something I discussed on February 13th.
Continue reading…
https://dailypriceaction.com/setups/forex-forecast-march-2-6-2020/
GBPUSD Forecast
_____________________________
The GBPUSD finally reached 1.2770 support last week.
I discussed the potential for a move lower from 1.3050 in the February 16th weekly forecast.
I also wrote about the likelihood of a move to 1.2770 on February 19th.
USDJPY Forecast
_____________________________
The USDJPY confirmed a massive false break last week.
Buyers confirmed the bullish breakout on the daily and weekly time frames last week, but it didn’t last.
One big clue was the velocity of last week’s pullback.
Continue reading…
https://dailypriceaction.com/setups/forex-forecast-march-2-6-2020/
USDCAD Forecast
_____________________________
The USDCAD broke free from a confluence of resistance near 1.3300 last week.
I mentioned the breakout in the member’s area on Wednesday and how the area just above 1.3300 was new support.
Thursday’s session gave us a low of 1.3316 before rocketing 150 pips higher.
EURGBP Forecast
_____________________________
I’ve been discussing a potential EURGBP bottom since January 31st.
I mentioned it again on February 19th.
As you can tell from the chart below, buyers are doing their part to make that idea a reality.
Continue reading…
https://dailypriceaction.com/setups/forex-forecast-march-2-6-2020/
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 #USDCAD #EURGBP #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
Comments are disabled for this post.