#1 Weekly Forex Forecast | EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD OIL (26/09/2022) Forex Analysis
how's it going Traders hopefully you guys enjoy this weekly Forex forecast and make sure to subscribe if you're new to the channel alright starting things off with the US dollar cop report the past week the banks got rid of 3280 long positions and they added 4 458 Shore positions if you do want that car report spreadsheet linked is to the patreon down below now looking at the weekly chart of the US dollar obviously we are just continuing to push up higher it's looking stronger than ever if you look at my four chart layout it's very clear that all four time frames are trending up we had that some US dollar news come out interest rates were bumped up and we obviously had a strong push up now I do think we could see a little bit of a pullback here in the US dollar but in the meantime we have strong Trends we want to continue to buy with the US dollar just like I've been saying for the past I don't know maybe 10 to 15 uh Forex forecasts you can go back and check that out as well so with that being said we have weekly Supply being removed daily uptrends it's just looking very very strong now if you come over to a four hour chart it is a little bit overextended so I do expect it to probably pull back whether it pulls back to this four hour demand zone or not I don't really know that's very difficult to predict because we could pull back down to here and push up it could could pull back a little bit lower or we could just shoot up higher but at the end of the day we have strong Trends on The Daily weekly four hour and one hour chart so we need to continue to be buying with the US dollar until we can see the evidence that price is turning around and that evidence would look something like this where we start to have a four hour downtrend demand zones are starting to be taken out and until then I think we need to continue to buy the US dollar if you want to wait for the dip buy opportunity here's your dip buying opportunity uh on the four hour chart on the US dollar all right on to the euro USD forecast the past week the banks got rid of 1214 Longs and they added 46 500 Shore positions absolutely insane on the Euro US dollar as you can see just like the opposite of the US dollar Index we are trending down on all four time frames last week we reacted off of my daily supplies over there perfectly now we have new daily Supply left right there so as far as the Euro goes obviously you guessed it Trends are all down so we need to be continuing to trade with that downward trend on all four time frames so there's a lot of options one thing that stands out to me right away is if you come over to this four hour chart we have some four hour Supply zones right here we actually have a new four hour Supply zone right there so in my opinion you could be looking for confirmation off of these Supply zones let's say it comes up to here you can look for confirmation there and you could do it on this Zone as well on a 15 minute chart for both of those zones it must be on a 15 minute third now this Zone would be a little bit lower odds compared to this Zone but you could do it on both I think that's fine and another trading opportunity would be set and forget entry since we have Trends on the four hour and the one hour chart you could be set and forget trading like a one minute chart as well to the downside just trading pullbacks to supply zones on the one minute or even maybe the five minute chart as well that's pretty much all I'm seeing here on the Euro there's really no need to complicate it I would just be looking for short entries however you like to trade maybe you don't trade Supply in a man maybe you trade support and resistance or flag patterns or whatever you like to do but in my opinion it needs to be short until we can start to see a four hour uptrend and at that point I would I would stop looking for shorts and then I would come over to a daily chart wait for daily Supply to be hit and look for shorts in there so hopefully that makes sense on the Euro US dollar and I cannot stress this enough do not try to trade against this trend yes you could get lucky and it could start to push up and we could go to all-time Highs but at the end of the day we want to always be placing our money with the higher time frame Trends and the higher time frame Trends right now are down and they've been down for a while so yes it's obvious that we could get a pullback to the upside and I kind of am expecting that but like I just said we have to continue to trade with the downward Trend all right on to Gold the past week the banks got rid of 11 375 long contracts and they added 20 247 short contracts now in last week I did talk about this four hour Supply Zone and I did call out this four hour Supply Zone in the private Discord group right here and as you can see we had a beautiful reaction off of this Supply zone right there so hopefully you guys caught that trade I did shout it out to the private Discord group and remember if you do got if you guys do want my Supply zones like this and this one throughout the week updated daily check out the YouTuber patreon membership it's only five dollars cap per month you can get my daily Charter analysis like I said updated daily I would happy to see you guys join the the team a lot of Traders are using it so as far as gold goes now yes we are trending down on Lower time frames and even the higher time frames have a very strong Trend down and in most situations I would say continue to trade with that downward Trend and I think it's fine to be shorting you know five minute charts or one minute charts to continue to trade with that Trend but the problem what I see is we are contacting or sorry we are about to contact a very very significant area of demand I personally I'm not going to get into too much detail but based on my macro view of gold I think that we could easily see price turn around within the 1630 to even 15 60 15 80 range and if that fails I think we can even see a pullback all the way down to here now I know this is very far away but I am looking to buy gold in this area right here like I said from about 1630 to 1580 1575 in that range now that does not mean I will just be looking to just randomly buy gold and just pray I am going to be looking for confirmation now what I'm going to be looking for is I'm going to be on this four hour chart right here we kind of have another trend line right here it's not the best looking trend line but basically when price hits that area at exactly 1633 1634 I will be on this four hour chart and I'll be looking for confirmation to the upside so that's pretty much all I I'm personally waiting for here on gold there's really not much else to say like I said you could look for shorts to the downside trading it to this weekly area of demand but until that it's just kind of risky because I do suspect to see a move up from gold at that point in a kind of correlates the US dollar pulling into Supply as well so in my opinion I think gold is going to move around move up I just need to see that confirmation to the upside first other than that I'm really not seeing any trading opportunities just need a way for gold to get a little bit lower and I think it'll offer a fantastic trade not only trading opportunity to the upside but also a long-term potential investing opportunity as well all right on to the USD JPY forecast the past week the banks got rid of 3968 long contracts and they also got rid of 4556 short contracts now looking at the Yen obviously strong Trends on all time frames right now except for the four hour and the one hour chart we did lose some momentum here uh with that US dollar news coming out so with that being said let's look at some trading setups the first thing that I noticed that goes right to my eye is this daily chart here I talked about this in last week's Forex forecast as well you could definitely go back and watch that I said if we did pull back on the USD Yen when price was up here I said we are probably going to pull back into this daily demand Zone and most likely react from it if not this one then this one but as you can see we reacted perfectly off that area and that is why we wait for dip buying opportunities now that being said now we want to ask ourselves how do we trade this well obviously in my opinion since we have a weekly and daily uptrend and daily demand is in control it has to be long so we could have been looking for a confirmation trade coming off of that daily demand confirmation should be taken on a one hour chart based on it being the daily chart as you can see here we have a one hour chart we had Supply right here and the supply was removed the problem was and still is is that there's really no significant demand that that was responsible for removing it so it could have been a time where you just place kind of a stop by limit order right here with a stop loss somewhere down here hopefully let it ride out so I'm not really seeing any setups at all on this pair unfortunately I'm really really upset I was very much looking for it I saw price pulling back into this daily Demand right here and I was looking very much forward to getting a potential trade off that area but obviously it didn't work out and we didn't even get a demand Zone off of that so with that being said remember we have a weekly uptrend daily uptrend daily demand and control so however you like to trade whether it's support resistance whatever look to get in long that is my only thing I could really say based on my own opinion is however you like to trade it's going to be Longs all the way here and your first profit Target should easily just be this four hour Supply zone right here or the high whatever one you liked if you think it's gonna go higher then by all means go higher but I unfortunately have to report that I don't see any demand zones to be looking to be taken right now on any time frame so that's pretty unfortunate so what I'm going to be waiting for is on this four hour chart I'm gonna wait for this four hour demand Zone to be removed and if we get a four hour demand zone right here that would be a decent area to look for a confirmation long trade-in but overall usdn looking very strong just a minor pullback into daily demand and hopefully and I think what's going to happen is we're going to continue to trade with that over overall uptrend GBP USD forecast the past week the banks added 160 Longs and they got rid of 13 083 short contracts so looking at the pound still we have a weekly Daily 4 hour and a one hour downtrend so you guessed it it's going to be longs just kidding it's going to be shorts I just want to make sure that you guys hopefully you guys are kind of confused there I'm I don't know trying to make this forecast a little more entertaining just trying to be funny so it's going to be shorts all the way in my opinion so if you want to continue to trade with the weekly and daily downtrend we have to find zones on the four hour chart or the one hour chart to potentially look to short and I'm already seeing two zones right now first Zone here is this one hours one hour Supply Zone you could definitely look for a five minute confirmation trade coming off of that one hour Supply zone right there so mark it down on your charts as far as the four hour chart goes there's a little Zone here and I'm kind of confused on this zone I'm conflicted if I want to draw it here or if I want to draw it up here and actually I think I'm going to keep it up there like that so if price pulls back to here which is very possible this is a very steep pullback you could definitely you know look for a confirmation trade on this four hour Supply Zone but on this on this Supply Zone you must look for only 15 minute confirmation to the downside it must be on a 15 minute chart if you don't know what confirmation trading is I know I mentioned it a lot check out the tier 2 membership I have a first of all I have a full trading tips playlist video with lots of confirmation videos and that but we also have private confirmation video lessons as well if you're a YouTuber patreon membership so if you're a member on there if you want to be a member check it out links in the description down below to that we also have many other things like private forecasts every Sunday and we also have the new thing I just made which is the high probability trading solver which I'm extremely excited about so definitely check that out we'll be happy to see you guys join the team but as far as the pound goes it shorts all the way send forget trades are also applicable here on a five minute or a one minute chart based on what I'm seeing but I think the safest bet is to just wait for confirmation in either that one hour Supply zone or that four hour Supply Zone all right on to the USD CAD forecast the past week the banks added 10 180 long contracts and they got rid of 189 Shore contracts as you can see on this four chart layout Trends on all four time frames we haven't we had a huge move up on this weekly chart right here so with that being said it's Longs all the way on USD CAD we just need to wait for potential setups now first things first if you look at a one hour chart we have one hour demand let me just mark it out right here but I'm going to be ignoring that one hour demand and I'm going to be immediately going to this four hour demand Zone on the four hour chart so if price pulls back to this four hour demand technically this is valid as a set and forget trade which means you just place an order here with a stop loss there take profit up here you could technically do that it's a little risky not a huge fan of the zone so what I would suggest is to look for a confirmation trade on a 15 minute chart coming off of that four hour demand Zone let's say price pulls back into here you lose the trade or it never gives you confirmation and we start to pull back well then we have to ask ourselves where is it pulling back into and in my opinion it's going to be pulling back into this daily area of demand down here so if price breaks up for our demand we can push down to about 1.33 we can get a confirmation trade coming off of that daily demand zone so that's pretty much all I see here on USD CAD it's long as 100 of the way so however you like to trade it trade it long in my opinion uh based on the trends I don't really I don't recommend getting in short at all until we can see this four hour demand Zone removed and then maybe a four hour downtrend would be nice as well then you can start to day trade like a one minute or a five minute chart down to this daily demand Zone but I don't even really recommend doing that based on how strong the weekly uptrend is so it's Longs all the way first pullback will be to this four hour demand Zone second pullback would be to this uh daily demand Zone and let's say we don't get the pullback on this four hour chart what do we do from there well any new four-hour zones that are formed up here like this I will have drawn on my chart and you will also get that if you are a YouTuber patreon member and we can look at trade confirmation in those zones so that's one good reason to sign up I will have all the nearest highest quality zones that you can look to trade confirmation and so those are the two options here here on USD CAD alright on to the Aussie US dollar the past week the banks added 9 579 long contracts and they got rid of 7 715 short contracts now downtrends on the weekly Daily 4 hour and one hour chart obviously you guys are noticing the theme of this video it's shorts because the trends are mostly down on all pairs right now now looking at the weekly chart we are contacting weekly demand in my opinion it's a pretty significant demand Zone I think we could definitely see a move up from this demand so I'd be careful shorting but at the end of the day we want to continue to trade with those overall downtrends on the higher time frames so with that being said let's look for a few potential setups here on the Aussie US dollar really the only thing I see um in my opinion or is this one hour chart we have two one hour Supply zones right here you could look for confirmation coming off of both of those but considering weekly demand is basically in control and the quality of these zones are very poor quality I would look to take profits very quickly at like one to one two to one on a five minute chart even the zone as well I would do the same there that being said I don't really see much else here on the Aussie US dollar if we do get a significant push to the upside the good news is we have a daily Supply zone right here that you could look to get involved with to the short side on a one hour chart confirmation so that's pretty much all I see here on the Aussie US dollar really not much else to say just remember weekly demand is technically technically in control and it does not mean that we're just going to see a huge move up because it's weekly demand I know a lot of supply and demand Traders think like that but it does mean that we could see a small move up from this demand Zone and then a push down which is what I think is going to happen based on the overall downtrend and remember it's since we're trading against you US dollar here in this situation everything is going to revolve around the dxy so it is very very key to look at the dxy and see what what is happening on there now if the dxy starts to push up we could see significant push up but overall downtrends so we got to continue with the trend unfortunately there's no four hour Supply zones that are fresh for us to trade actually you know what I missed this one that's my bad we have a four hour Supply zone right here so if this if that one hour Supply Zone fails not a problem we have a four hour Supply zone right here that you can look to get in a confirmation trade on a 50-minute chart so those are two pretty high quality Supply zones we can look to be trading and I'll definitely be keeping an eye on that four hour Supply zone for sure especially since we have that Weekly downtrend all right on to the USD Swiss franc forecast the past week the banks got rid of 100 long contracts and added 463 short positions so as far as this chart goes it's kind of all over the place yes we have the weekly uptrend I've talked about this a thousand times I hate repeating myself but I'm not a fan of this price action on the weekly chart the daily chart there's no Trend four hour we have momentum up but not really a trend we have a trend on the one hour chart though but the problem is this chart is all out of whack we did react off my daily demand Zone you can go back uh maybe five forecasts ago I called out this daily demand Zone before it came in contact and we moved perfectly off of that demand zone so I could have I was probably saying to get in Long uh down here but since we're so high up I'm not a huge fan of it what I'm waiting to see first is I need to see evidence that this trend is gonna or sorry that this daily chart is going to start trending what that's going to look like is this High being removed because then we can draw our trend line and at that point we will have an upward trend on the daily chart until then I do not recommend trading this pair short or long so I would wait for that Trend to continue and at that point like I said we'll have a daily uptrend and at that point a lot of trading options come into play where we can start to look at one hour demand zones to get along at four hour demand zones to look for confirmation and so that being said I would just wait for that high to be removed proving to us that that the momentum on the daily chart is significant enough to break the high which would give us the uptrend and then trading opportunities will definitely come but that'll probably be for next week's forecast all right on to crude oil the past week the banks added 1872 long contracts and they got rid of 10 949 short contracts now before we get started I am looking for Longs and oil right now 100 the reason why is because we are about to contact this weekly demand this is embedded inside a three-month area of demand that I think is a very strong demand zone now I might just place an order at this weekly and man I'm not 100 sure yet I'll have to think about it over the weekend as part of my position but the second part of what I'm looking to do is I'm looking at this daily chart and I did point this out in the private Discord group I and I think I talked about this in last week's forecast I'm not 100 I talked about how we had this daily supplies on here and I was waiting for this to be removed for confirmation and that is why it's very important to wait for confirmation because look we reacted perfectly off my Supply Zone and continue to drop down so I would have been stopped out if I would have just said I think it's going to break based on whatever but it didn't we needed to see that evidence by removing that supply and we did not get that so unfortunately we didn't get that but hopefully price pushes a little bit lower creates new daily Supply down here that I can look for that to be removed from my confirmation instead of this Zone and then I can get in long I do not recommend getting it short on oil right now yes we have downward Trends on the higher sorry on the four hour on the daily chart so technically yes one minute if you're going to be shorting which I don't recommend which I mean not everyone's going to listen which is completely fine you can do whatever you want want but shorts are gonna have to be on a five minute or a one minute chart if you're really really looking to get in short I love this one hour Supply Zone based on the look of it so we could see a little five minute trade come off of that but at the end of the day we are contacting very very significant macro areas of demand so I'm going to be looking for Longs I do suspect oil I don't really think oil is going to get below 72 dollars a barrel I just don't that is just my honest opinion so I will be looking for confirmation which is going to be on the daily chart other than that really not seeing too much if you're feeling very risky and really wanting to get in Long like as soon as possible which I completely understand and I'm and I'm kind of feeling that way too uh you could be on this four hour chart looking for confirmation like that where we remove that downward trend line and the supply and then that would be your pullback confirmation like that so that being said that is crude oil I cannot wait to get in Long in this pair um it might kind of Burn Me by getting involved too too early but I think that that's fine and I do suspect a move to the upside coming very very soon hopefully you guys found this weekly Forex forecast helpful if you did make sure to let me know in the comments down below leave a like and check out the patreon or YouTube membership if you need help finding your supply demand zones it's only five dollars CAD per month hope to see you guys there and hope to see you in the next video
2022-09-29 02:04
