Weekly Market Forecast for Week 4, October 2021.

Ding-Ding! It's a fresh week with another opportunity to make 100 pips from the Forex market.

We've hit hard on the major pairs (EUR/USD, GBP/USD, USD/CAD and EUR/JPY) and came up with the most likely price movements for this week. Hop on them to start making money immediately! 

EUR/USD 

The pair is currently consolidating. New support at 1.1630 and a break below 1.1620 may result in further sell. Only a move above 1.1650 will lead to a bullish push. See chart for more details.

EURUSD_10_24

BIAS: Ranging/Likely Bearish


GBP/USD

The Cable Pair is currently caught in a range from 1.3810 to 1.3740. Scalp the range and follow price breakouts from these levels.

GBPUSD_10_24

BIAS: Ranging/Likely Bullish


USD/CAD

There is currently a massive consolidation between 1.2390 and 1.2320. Trade the range and follow breakouts from these levels.

USDCAD_10_24

BIAS: Consolidation/Likely Bearish


EUR/JPY

The pair is slowly reversing now with a slightly stronger JPY-Yen. Price may pull back to 132.30 before a further drop to 131.60/131.30 support levels.

EURJPY_10_24

BIAS: Bearish/Possible Consolidation

 

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


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