Weekly Forex Forecast for EURUSD, GBPUSD, AUDUSD, GBPNZD, XAUUSD (December 7 – 11, 2020)

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Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, AUDUSD, GBPNZD, and XAUUSD through December 11, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, AUDUSD, GBPNZD, XAUUSD (December 7 – 11, 2020)


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EURUSD Forecast
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Last week, we looked at a possible breakout from EURUSD.

It’s an idea I’ve written about several times as far back as October 21st.

Last week’s close above confirmed the breakout, which triggered a retest of the resistance area.

Continue reading…


GBPUSD Forecast
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GBPUSD experienced its most significant breakout all year last week.

In fact, I could argue that it was the pound’s most significant break in years.

The close above the signaled the pair’s exit from a twenty-year falling wedge pattern.

AUDUSD Forecast
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AUDUSD is another currency pair that broke out from key resistance recently.

I’ve liked the pair higher since the November 3rd breakout.

Just last week, the Australian dollar closed above the area.

Continue reading…


GBPNZD Forecast
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On November 12th, I wrote about a potential short opportunity on GBPNZD.

It was a breakdown we’ve anticipated since October 26th.

XAUUSD Forecast
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Gold (XAUUSD) may have bottomed last week.

If you saw last week’s forecast, you knew about the two channel bottoms.

One was near $1,750 while the other was closer to $1,700.

Continue reading…


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