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Posted on Nov 01, 2021 at 02:16 AM
Yay, November is here! Brace up because it's time to make more money like you never did in the month of October. We've been to the Forex market and have done our assignment on the 4 major pairs to trade for profits this week. Check them out, complete your analysis and apply them to your trades early before they become stale. Enjoy!
EUR/USD: The month ended bearish so we may see some more down move. However, expect reversal to 1.1575 before further price drop or Bullish moves above 1.1590.
BIAS: RANGING/Likely Bearish
GBP/USD: Still dropping, watch out for reversal to 1.3715 before further sells. But a rise above 1.3740 bring the Bulls back.
BIAS: RANGING/Likely Bullish
USD/CAD: A string caddie wants to go down but the USD won't, so still ranging between 1.2400 resistance & 1.2330.
BIAS: CONSOLIDATION/Likely Bearish
EUR/JPY: Large consolidation while still dropping. Sell only when price drops from 131.80 and trade the range from 132.70
BIAS: BEARISH/Possible Consolidation
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