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Posted on Oct 18, 2021 at 10:21 AM
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Weekly Market Forecast for Week 3, October 2021

October is halfway and ending soon; ensure to make this week count by smashing your profit target! We have analyzed the hottest pairs to trade this week for profits of up to 200 pips. What are you waiting for? Set your trades at the forecasted prices and let the market do the rest.

EUR/USD: The BEARS still want in, so we may consolidate further before BEARISH moves. RESISTANCE remains at 1.1620 and SUPPORT at 1.1560. Therefore, SCALP and watch out for BREAKOUTS.

IFX_EURUSD_10_18

BIAS: RANGING


GBP/USD: Now heading higher. Likely REVERSAL to 1.3720 before a further rise in price.

IFX_GBPUSD_10_18

BIAS: BULLISH


USD/CAD: The BEARS are still pressing lower. Price may PULL BACK to 1.2430 before further SELLS.

IFX_USDCAD_10_18

BIAS: BEARISH


EUR/JPY: Extreme HIGHS now. Price may REVERSE to 132.30/132.00 before further BUYS. Else, a break BELOW 131.80 will signal a SELL.

IFX_EURJPY_10_18

BIAS: BULLISH/Possible Consolidation


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