Forex Forecast October 3
Here is our in-depth prediction video analysis for GBPNZD and GBPJPY as we forecast price action for the up and coming week as predicted by the Advanced Price Action Zones trend following system. With all analysis price action confirmation is needed on the zones, not just the zones themselves. Our tools are built to work together to give you the edge you need.
Will The Trend Continue Or Not? Most trading can be simplified into that one question. Join us as we explore that question as we look @ the $GBPNZD and $GBPJPY. We use supply demand zone trading to follow “The Trend”.
$GBPNZD Ranged this week as we were looking for it to retest the 1.8200 supply zone. Look for this retracement before price continues to the downside.
$GBPJPY Look for the same kind of thing to happen. The big difference is that it did happen to the tick. Price rose up to 133 supply zone and had drove back down to retest the lows around 130. We hope to see a new low below the daily demand zone at 128.60.
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Here’s the other markets that we watch and what we think will happen.
EURUSD – Rangy Market not looking to do anything here.
AUDCAD – Look for breakout of the range to the upside on the weekly, Trend is up on the Daily chart.
AUDJPY – Trend still is down, Look for the short. Market is now rangy.
AUDUSD – Weekly Trendline is weak. Look for breakout of range to the upside following the daily trend up.
EURGBP – Still look for the uptrend to continue. Possible Rangy as we are at a decision point this week to see if trend continues or ranges.
GBPJPY – Trend is Down, bounced off the $133 supply zone looking for trend to continue.
GBPNZD – Break down of the range, looking for a retracement this week to the upside then retest the new lows. ( 2 week still looking for retracement/breakdown)
NZDUSD – Counter-trend short, after daily demand zone breaks. Trend is up still but price keeps getting knocked back down. Look for price to break down below the daily demand zone this week.
USDCAD – Home on the Range ( week 11), notion of an uptrend but that is all.
USDJPY – Trend is still down, range bound and looking for retest of Aug low of 99.66 in the daily demand level. CT setup above 101. Trend says to look for retest of low at $99.
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