Weekly Market Forecast (October 18th - 22nd, 2021).

October is halfway gone!

And your profit target - halfway SMASHED I suppose? 

It doesn't matter how you're currently faring in the profits department; what matters is how you make the remaining 2 weeks count! 

Buckle up and take advantage of this week's analysis on the fast-moving currency pairs for quick profits of up to 100 pips! 

 

EUR/USD

The BEARS still want in, therefore further CONSOLIDATION could be observed before BEARISH moves. RESISTANCE remains at the 1.1620 price level and SUPPORT at the 1.1560 price level.

Our recommendation? SCALP and watch out for BREAKOUTS.

EURUSD_10_18

BIAS: RANGING [what's this?]

 

GBP/USD

The GBP/USD pair was heading higher (BUYING) as of the time of this analysis. However, a likely REVERSAL to the 1.3720 price level is anticipated before a further RISE in price.

GBPUSD_10_18

BIAS: BULLISH [what's this?]

 

USD/CAD

The BEARS were pressing lower as of the time of the analysis and may PULL BACK to the 1.2430 price level before further SELLS.

USDCAD_10_18

BIAS: BEARISH [what's this?]

 

EUR/JPY

Extreme BULLISH ACTION was observed as of the time of the analysis.

From our analysis, the price may REVERSE to the 132.30/132.00 price level before further BUYS. Otherwise, a break BELOW the 131.80 price level will signal a SELL.

EURJPY_10_18

BIAS: BULLISH/Possible Consolidation [what's this?]

What are you waiting for? Go ahead and take the trades now while they are still active; they are worth 100 pips!


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