Fx Forecast week Nov 28th – EURGBP & GBPUSD
Join us As we look at trading supply and demand zones on the Forex markets, video on GBPUSD and EURGBP oin us as we use our trend follow approach to use supply demand zones in the direction of trend. Want to see more markets, as questions and learn to predict your chosen markets on your time frame? Join us and get the tools of the trade today!
We are looking at the EURGBP and the GBPUSD this week with the APA Zones supply and demand zone trading software. We use our sophisticated neural network to identify trend with zone logic.
APA Zones highlights the current interesting price action on the GBPUSD as well as the EURGBP. But we want to make sure we cover all of the forex markets that we watch for swing trading. Here’s what we are expecting in each market.
EURUSD – Found the Range @ 1.0581 demand zone, still looking a pullback up to 1.0709 in the future.
AUDCAD – Bottom didn’t hold so now we are looking for it to move back down to .9800 demand zone as price action suggests that we will retest the demand area even lower.
AUDJPY – Trend is up and looking long buy low sell high (2nd week in the row)
AUDUSD – At the bottom of the Weekly / daily range looking for bounce to the upside to the .7524 daily supply level. (2nd week in a row)
EURGBP – Look for a possible new down trend that could develop here next if demand doesn’t hold at .8379 demand level and price
GBPJPY – The trend is changing now to the upside as we have broken some major resistance and supply. We got a close above weekly supply zone top of 143.11 So now we are in an uptrend and we need to looking for a good pullback to get long as price could approach the 160 level here in then next 6 months to a year.
GBPNZD – Retesting weekly and daily supply zone of 1.7612 now price has to decide to follow the trend or not. Trend is Down and waiting for price to confirm that we are going down. Possible new Trend to the upside developing here as supply seems to be breaking.
NZDUSD – Looking for price to continue down to the weekly demand zone at .700. which is exactly what price did. Now we are looking for price to continue down.
USDCAD – Market is range bound and we are looking for price to stay above the daily demand zone bottom at 1.3264 and for the uptrend to continue.
USDJPY – New Trend to the upside. Looking for price hit a weekly supply zone looking for price to continue up.