This past week we saw mostly ranging markets and that generally indicates there will be a reversal in the market, but not always. With all the turmoil going in world economies due to covid protests, all economies are hurting right now. This, in my opinion, is what is causing a stalemate across most pairs.

I do think the U.S. Dollar will be going up over the course of the next few weeks and the British Pound, Euro, and Australian/New Zealand Dollars will be going down. This will not be a quick process however, but we will see small trends emerge.

Do not focus on long term trading right now, but instead focus on 100 – 200 pip (point) Take Profits and keep your winnings small. If you can get 5 trades per week, you can easily catch a 1,000 pips (points) in a week. I would recommend using a 30M time frame and trade the major currency pairs as those normally have a tighter spread.

If you need me to analyze any particular currency pair, please hit me up on Facebook at either of the following…

Personal Facebook:
https://facebook.com/sotod3496

Private Facebook group:
https://facebook.com/groups/BinaryOptionsAndForexMadeEasy

#forexpredictions #forexanalysis #forexforecast

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