Weekly Market Forecast for EURUSD, GBPUSD, AUDUSD, XAUUSD, ETHUSD (February 15 – 19, 2021)

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, AUDUSD, XAUUSD, and ETHUSD through February 19, 2021. Watch this video before trading these currency pairs!

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Weekly Market Forecast for EURUSD, GBPUSD, AUDUSD, XAUUSD, ETHUSD (February 15 – 19, 2021)
https://bit.ly/3tVik0t

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EURUSD Forecast
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The EURUSD confirmed what appears to be a false break this week.

I mentioned last weekend how the close below 1.2000 could be a false break given the strong uptrend since last year.

Sure enough, EURUSD closed back above 1.2000 this week.

Continue reading…
https://bit.ly/3tVik0t

GBPUSD Forecast
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GBPUSD is another pair that’s playing out well.

I’ve discussed the bullish scenario here for weeks, including last week’s close above the 1.3700 handle.

As you can see, GBPUSD took full advantage of that this week, climbing 170 pips from the weekly low.

AUDUSD Forecast
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I discussed how AUDUSD could bounce from channel support in early February.

I also mentioned last weekend how the 0.7640 area could serve as support going forward.

Not only did AUDUSD hold above 0.7640 this week, but it also closed above channel resistance.

Continue reading…
https://bit.ly/3tVik0t

XAUUSD Forecast
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XAUUSD (gold) is struggling. There’s no other way to say it.

The only thing I can think of is that Bitcoin (BTC) is literally sucking the life out of the former king of inflationary protection.

Perhaps gold is just lagging and will make its move later this year.

ETHUSD Forecast
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ETHUSD (Ethereum) has gone crazy since I first discussed it on this site last year, and in a good way.

When I first wrote about ETH last year, the crypto was trading just above $200.

Less than one year later, and it’s approaching $2,000.

Continue reading…
https://bit.ly/3tVik0t

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#EURUSD #GBPUSD #AUDUSD #XAUUSD #ETHUSD

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