06 Dec Weekly Forex Forecast – Forex Technical Analysis And More (December 06- Dec 11 2020)
Weekly Forex Forecast
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The GBP/JPY pair on the daily time frame is respecting a down trend line and also a complex chart pattern has just formed, which also signifies a bearish move. Notice how the momentum of the bulls has started diminishing.
GBPUSD last time we stopped out for a second time. Time to sell again with considerable stop loss. More & More signals tend to give sell signals in the big time frame. This time it is in the daily time frame. See closely on the daily chart candlestick pattern.
GBPCAD Still now running with a Trend line and there have big Possibility to touch down side support Point.
BTC/USD already takes all time high point again and Now there have big possibility to goes down for some retest , So wait for next buy area from next support point.
AUD/USD The current market trend is still in bullish mode. But it will retrace to the support line first before continue to rise. Hence, based on SnR and Fibo, I will wait for a retracement (sell) at 0.7445.
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