Weekly Forex Signals Video
This week we will be looking at a couple EURUSD and AUDJPY Forex pairs for our weekly Forex signals swing trade forecast.
On EURUSD, We have been watch a new uptrend form for the past few weeks and we have just see price make a new high around 1.0951. This is exciting news as supply is only at 1.1043. If you are not long right now I would be waiting for a little retest of 1.0951 and the small timeframe support zones around there before getting long. Bottom line: We have been excited about this market and the pullback that has worked out so nicely as we forecasted in previous weeks. We are looking for that uptrend to continue and will expect to see sells jump in around the 1.1100 daily/weekly supply zone.
On AUDJPY this week, I’m looking for price to continue to the downside and look at $80.00 as a good area for price to move down to. If that was to happen the price would have almost come all the way back down to where we found price at the U.S. elections back last November. Will we see price do that? I don’t know but I’ve been short from $87.00 So I’m hoping that will continue to play out long term. For this week, I’m looking for price to retest the lows at $82 and the newly formed weekly and daily demand zones around there.
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