23 Nov Weekly Forex Forecast – Forex Technical Analysis And More November 2020
GBPUSD The price is approaching strong resistance structure, Weekly Forex Forecast I expect the price to move lower from the resistance structure for 350 pips.
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EURUSD previously the trend line act as a support or resistance for the price, I expect the price to move lower after touching the trend line.
AUD/USD rallied around 23% over the last 5 months (Apr-Aug)- from Sep to Oct, this pair lost around 5% of its value before increasing this whole month nonstop (NOV) and the increase in value this month was due to the optimism concerning the vaccine and the risk-on sentiment in the market.- this decline was a RETRENCHMENT? Or we will see that the pair will start to decrease from its current level which is an important resistance area .- I was tracking this pattern since Oct, and it reaches its top finally.
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