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Hey guys, welcome to this weekly forex forecast and analysis! Today we are going to see what the EUR/USD, NZD/USD And Silver (XAG/USD) are going to offer us in terms of trading opportunities!
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Starting off with the EUR/USD in this weekly forex forecast, we are seeing in the long term bears are in control pushing price lower in the major C to D move in the current A-B-C-D pattern. Taking advantage of this bearish momentum, I’m looking to short on the next major area of resistance with a daily candlestick pattern, looking for a Risk to reward of at least 1:2. This area would be located at the 88.6% Fibonacci Retracement level, a very high probability forex trade indeed.
The NZD/USD is in a huge downtrend for a very long time now, and we obviously want to stick to this bearish momentum. In the medium term we got the current Fibonacci A-B-C-D pattern at play, where we got the optimum zone to short with a bearish Candlestick Pattern, giving us a very strong risk to reward ratio and a very high probability trade.
On this weekly forex forecast I also talk about Silver (XAG/USD), where the huge correction is about to end, and we are surely going to see a huge bull market that will also years! Before the major breakout, I suggest you wait for a pullback, and if we got a very strong signal to enter, I would surely do it!
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