Weekly Forex Forecast

Week 30 2021

July 26, 2021
Covered Instruments:
EUR/USD Currency Flag
EUR/USD
GBP/USD Currency Flag
GBP/USD
USD/JPY currency flag
USD/JPY
AUD/USD Currency Flag
AUD/USD
USD/CAD Currency Flag
USD/CAD
EUR/USD Currency Flag
EUR/USD - Week 30

In our past analysis, we forecasted that EURUSD will start a bearish move that will make a new 4H low. Instead, the price ranged to whole week. For this week, we are expecting the price to be slightly bullish until it reaches the orange trendline. After that, we are expecting the bear market to resume.

GBP/USD Currency Flag
GBP/USD - Week 30

GBP/USD – Week 30 – The trendline will decide. Last week, our forecast came true as the British Pound to started a bullish move, bouncing off from the support level. In the coming week, we expect the bulls to gain more momentum and retest the orange trendline. If we get a breakout, then we have a great chance to reach the resistance level.

USD/JPY Currency Flag
USD/JPY - Week 30

In our previous outlook, we correctly forecasted USDJPY to gain more bearish momentum. For next week, we expect the price to make a small correction and test the resistance area. If it breaks, we have a good chance to make a new yearly high.

AUD/USD Currency Flag
AUD/USD - Week 30

Last week, we expected the Australian Dollar to reach the orange trendline. The price didn’t reach our target, but started the bullish move that we were expecting. In the coming week, we anticipate the price to rise correctively and slowly reach the trendline.

USD/CAD Currency Flag
USD/CAD - Week 30

In our past analysis, we forecasted that EURUSD will start a bearish move that will make a new 4H low. Instead, the price ranged to whole week. For this week, we are expecting the price to be slightly bullish until it reaches the orange trendline. After that, we are expecting the bear market to resume.

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