This week weekly Forex forecast and technical analysis covering 10 markets includes the following:

Pairs and markets analysed this week – USD Index, Crude Oil, EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, USD/CHF, USD/CAD and GOLD.

Highlighted in the video are key areas of support and resistance which look to provide potential opportunities as well target areas for the coming week and also weeks ahead.

EUR/USD has been unable to break above the key 200-week SMA at 1.1331 and is trading below 1.13. German IFO survey showed mixed results, with expectations improving but current situation stagnant at depressed levels. US fiscal stimulus talk could keep the dollar under pressure. 

GBP/USD has retraced from 1.2543 amid a fresh wave of declines. Experts criticize UK PM Johnson’s removal of a two-meter social distance rule. Brexit woes remain in place as UK policymakers push for market access.

The USD/JPY pair traded with a mild positive bias through the early European session and was last seen trading near daily tops, just above mid-106.00s.

Gold traded with a mild positive bias through the early European session and was last seen trading near multi-year tops, just BELOW $1775 level.

WTI bounces off the support line of a three-day-old ascending channel. Bearish MACD could lure the sellers if oil prices stay below $40.00. 61.8% Fibonacci retracement offers near-term key support, February low is on the bulls’ radar.

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