Fx Forecast October 28th
Join us As we look at trading supply and demand zones on the Forex markets join us as we use our trend follow approach to use supply demand zones in the direction of trend. Here’s our Fx forecast for these following pairs:
EURUSD – Market is breaking new lows and continuing down to the weekly range(2nd week)
AUDCAD – Look for a pullback down then up again and break the highs,
AUDJPY – Price is doing something new. Trend could roll over. looking long up to 8.63 this coming week.
AUDUSD – We are breaking out of the wedge to the upside. But first we are looking for price to pullback to .7600
EURGBP – Still uptrend to continue, Looking for a pullback to demand zones @ .8843(3nd week in a row)
GBPJPY – Trend is Down, looking for a pullback to the upside this week before continuation(2nd week in a row)
GBPNZD – Breakdown happened and waiting for little retest of supply zone at 1.7485 (3 week still looking for retest to the upside)
NZDUSD – This week looking down. Looking for a new low and retest of the .7000
USDCAD – Trending long looking for new highs and then pullback to a supply/ new demand zone
USDJPY – New trend to the upside. Look for price to climb out of 104.16
As with all of our predictions, you must use more than the zones themselves, price action dictates how to use them. Our toolbox is built to help you see what price is doing, and use it to your advantage and pick the right trade at the right time.
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