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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.



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



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



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.


BIAS: BULLISH/Possible Consolidation

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