Instaforex Nigeria | Weekly Market Forecast for Week 2, October 2021

Posted on Oct 11, 2021 at 10:45 AM
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Weekly Market Forecast for Week 2, October 2021

Ahoy, free money here! Check out our fresh predictions on the major currency pairs and take the trades for profits of up to 200 pips. These forecasts are time-dependent and will expire soon! Go ahead to analyse and trade them immediately before prices move.

EUR/USD: The BEARS are still on but pullbacks will be constantly experienced along the way. Therefore, SELL from 1.1560 and BUY from above 1.1600.

IFX_EURUSD_10_10

BIAS: BEARISH/Likely Bullish Reversal

GBP/USD: Price is attempting to break resistance at 1.3650 and a BUY may be considered if price breaks above it. Otherwise, SELL continues from 1.3600.

IFX_GBPUSD_10_10

BIAS: Ranging/Likely Bearish Continuation

USD/CAD: The BEARS have weighed in on this heavily. Price will likely range this week; however, a SELL should be considered if price breaks below 1.2450 and BUY levels at 1.2550.

IFX_USDCAD_10_10

BIAS: Ranging/Short Bullish Rise

EUR/JPY: A massive BULLISH power is observed and a BUY should be considered if price soars above 130.00. Otherwise, a SELL should be considered from below 129.75.

IFX_EURJPY_10_10

BIAS: BULLISH/Possible Consolidation

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