Weekly Forex Forecast | EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD OIL (07/11/2022) Forex Forecast
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 Index there are no cut reports for this week due to it being a holiday so that is why there will be no call reports in this whole video but if you look at the weekly chart here of the US dollar clearly we are breaking uh Demand on the weekly chart here pulling back quite a bit on the US dollar so we've clearly lost some momentum as that Weekly demand has been removed and it's even more visible here on the daily chart so my opinion I think there is more downside to come on the US dollar although it is very possible that price does pull back and retraces because nothing just drops forever so I think it's very possible that price does retrace up to this daily Supply Zone on the dxy that is located at 109.6 and then from there I think we can start to look for shorts on the US dollar Index but right now if you look even at the lower time frames on my top right screen and my bottom right screen you can clearly see that we do have down Trends on the four hour and the one hour time frame so in my opinion looking for shorts uh in the US dollar right now is a decent idea based on those Trends but in my opinion shorts are the highest odd situation only on day trading time frames but if we do get a pullback up to this H4 area of Supply at 107.99 and I think looking for shorts on a 15 minute chart in that area would also be a decent idea so I think that there is more to kind of summarize a whole US dollar I think that there is more downside to come since we have lost momentum on the weekly and the daily chart but also at the same time I think it's very possible we do start to see the rally up as a pullback and then a push down on the US dollar and right now I'm not really seeing any significant areas of demand where the dollar could turn around so I think that we could see more US dollar falling to come all right on to the forecast for the Euro USD as you can see we've clearly lost momentum here especially on the daily chart is very very visible and we are actually sitting inside of this weekly Supply Zone on my top left screen and as you can see we are almost breaking through that Supply so in my opinion the euro is looking very very strong right now now kind of similar to the US dollar Index there's a few options if you look at the daily chart here there's a pretty significant daily area of demand at 1.007 right here that I have in my charts so you could either if you're looking to get in Long what you could do you could either wait for that pullback down to this daily demand and at that point we can look for an a one hour confirmation trade to the long side and if you don't know what confirmation trading is check out my trading tips playlist links in the description down below and you can look for confirmation coming off of that daily demand or if you come to a four hour chart since we have a four hour and a one hour uptrend you could also be looking for set forget trades to the upside I also have of a video on that because I'm not going to break down how to take these trades in this video this is more of a forecast so check out the training tips playlist in the link down description so you could be looking for set and forget trades to the upside on a 15 minute one minute or a five minute chart or if you want you could wait for this four hour area of demand to be hit that is located at 1.02 so if you get a pullback down to this four hour area of demand you could wait for that demand to be hit and you could look for a 15 minute confirmation trade coming off of that demand so that's all I pretty much see here on the Euro USD chart it's either that or we wait for new four hour areas of demand or even one hour areas of demand to be formed where we can then look to get in long and I don't really recommend shorting right now so I would either wait uh for pullbacks to daily zones or four hour zones or look for set for get trades long but in my opinion Longs right now should only be on day trading time frames unless like I said you know we can get that pull back down to 1.007 and and then at that point we can look for Longs on a one hour
chart looking for confirmation remember if you guys do want my daily chart analysis and much more check out the patreon or YouTube membership links in the description down below for only five dollars cap per month it's the lowest uh tier you can sign up and get my daily chart analysis and much more I'd be happy to see you guys join the team with the all the other members all right looking at Gold xau USD forecast the past week we've clearly seen a huge up move in Gold it's pretty much impossible to not recognize that and this is a move that I did call out for quite a long time as price reacted off of my weekly demand Zone and a three-month demand Zone that I had on the charts so I'm very happy to see that that prediction has come true but now we have to wait for some trading setups now there are a few options here if you look at the top right screen in the bottom left screen we clearly have an uptrend on the four hour and the one hour chart so I think looking for day trading Longs on one minute five minute and even a 15 minute chart I think that that's uh definitely okay to look for Longs only on those time frames or what I think is more plausible when I'm personally waiting for since I am a swing Trader if you look on a daily chart here we have a very very significant area of demand here and even a little bit of a demand zone right here but the the the daily demand zone I'm concentrated on is this demand Zone here at 17 22. so what I'm waiting for and to be very clear I am waiting for this daily demand to be hit and at that point I will hop down to a one hour chart and then I'll start to look for a shift the momentum on the one hour chart and look to get in long as we come off of that daily demand so I am kind of expecting gold to pull back to 1722 it doesn't mean that it's going to happen but usually when we see you know such an explosive move like this usually we start to pull back to demand zones and react off of them so hopefully we can get that pull back I personally wouldn't be looking for day trading Longs on day trading time frames based on how fast this move has gone up so I do suspect gold to pull back and I will definitely have my alerts set at 17 22 waiting for that daily demand to be hit where I will look for Longs and then there's clearly really a lot of profit margin here in the weekly chart we have profit margin at least to 1800 and in even longer term profit margins at about 1940 on gold as I'm looking at this weekly chart so pretty exciting times on gold I think that it patients will pay off here instead of trying to chase price I think we should be waiting for uh pullbacks to higher time frames where we can get an even better entry long using confirmation all right looking at USD JPY forecast the past weekly clearly lost momentum in all the US dollar pairs it's not a shocker or sorry maybe it is a little bit shocking but looking at the usdn here it's clear we were due for a pullback and in my opinion we are pulling back right into this weekly area of demand and take a look at the one month chart let's take a look and there's almost basically a monthly area of demand that's located here as well so I do think we could see usdn pull down as deep as about 135.8 I do think that that is certainly an option but right now we are pulling back to this weekly air demand at 138.2 now since we do have a weekly uptrend still I still want to be looking for for Longs in the USD Yen because who knows the US dollar could continue to go up it's so it's a little bit of confusing time right now um there are a few options if you want to be shorting I only really recommend shorting on day trading time frames like a one minute five minute or a 50 minute chart and that is because we have a four hour and a one hour downtrend so shorting on those lower time frames is definitely okay there's also this four hour area of Supply that I will show you guys right now at 141.468 if price does pull back to this four hour area of Supply you could be looking for a 50-minute confirmation trade to the short side looking to potentially take profit pretty early or right at the low if that is the low so that is one option look for confirmation coming off of that four hour Supply Zone another option since we are reacting off of basically we're about to react off this weekly demand I do think we could see a little bit of a pullback on the usdn and we are actually contacting this daily area of demand but since we have lost Trend clearly here on the daily chart I don't really hold this daily demand as too much weight although I do think we could see a reaction on this lower daily demand at 137.142 I think getting in Long right now is definitely a little bit risky I wouldn't feel comfortable taking swing trade Longs until we can see this daily Supply removed and why this daily Supply well this daily Supply located at 145.093 has
been responsible for removing this significant demand Zone down here and basically this one as well so if price does end up rallying I think we could see a reaction like this off of this daily supplies on at 145.093 so as far as trading the usdn goes right now I think shorts are definitely most suited on day trading time frames and as far as Longs goes it technically Longs are the highest odds thing to be doing because we do have a weekly uptrend but I would wait for this weekly demand to be hit and then I would start to look for confirmation and Confirmation will be on the four hour chart if we can get this four hour supplier moved so I would be thinking shorts on Lower time frames and I would only be thinking Longs if we can start to see the four hour and maybe even the daily chart uh start to see another momentum shift to the upside on USD JPY GBP USD forecast we clearly it's it's definitely a pattern this week we have even lost momentum on the weekly chart on the GBP USD so in my opinion we are probably going to pull back to about 1.20 at this weekly area of Supply so I think Longs on Lower time frames here are definitely okay I don't know if you guys have noticed the theme in the video logs are definitely best suited since we have a four hour uptrend here Longs are going to be best suited based on a four hour chart on like lower time frames like a 50 minute five minute or a one minute chart so I think looking for Longs is definitely okay on those time frames another option here which I could see uh as you could possibly showing a trading opportunity is this area of daily Demand right here so if you can get a pullback to this daily Demand right here I'll be interested in getting in a long trade at 1.14835 on GBP USD on this daily chart so it's a little bit of a confusing time we still have overall weekly downtrends so I'd want to be getting in short but I wouldn't even be thinking about getting in short just yet until we can hit this weekly Supply that I just talked about at 1.201 so if you can get a reaction off this weekly Supply on a four hour chart I would be interested in getting in short but we just need to kind of trap traders in long for now and that's why I'm that's why I'm personally holding off on Longs unless we can get a retracement back to this daily demand like I talked about at 1.14 and then I think looking for Longs on Lower time frames is definitely better but like I said confusing time this week and without the call reports as well it makes it a little bit more difficult to see what's going on and what they've been doing the past couple weeks but I do think there is a little bit of meat to the upside for potential Longs on day trading time frames but who knows we could see a deeper pullback and then and then a bigger push-up which I think is actually more likely so like I said confusing times in the GBP USD and most of the charts this week so you if you have been losing trades the past month trust me don't I wouldn't hang your head low I would definitely keep your head hanging High because it is a very choppy market and times are very very confusing now especially since the U.S
midterms are taking place right now all right on to the USD CAD the Canadian dollar my home country in case any of you guys did not know this is a pretty interesting chart we have four hour downtrends and one hour downtrends so like I said with most of the other pairs shorts on Lower time frames like five minute one minute or 50 minute chart are definitely uh okay in my opinion now if we do get a pullback to this four hour area of Supply at 1.351 that I think looking for a little bit of a 50-minute confirmation trade to the short side would definitely be okay that is definitely one option here on USD Cad and if you look on the weekly chart there's clearly a little bit of profit margin left to this weekly demand that's located at 1.31746 so there is profit margin here although it is definitely tight I think that there is a little bit of meat on the bones to continue to the downside now if price does hit this weekly area of demand I will be personally looking for a four hour trade to the upside coming off of this weekly demand why because we have a very strong weekly uptrend and all this is simply is a pullback on the USD CAD so I'll be interested in getting in Long down here but that would be for another weekly Forex forecast maybe next week if we can continue to see the US dollar push down now there is on the daily chart we are located right now inside of a daily area of demand but I don't put a lot of weight on it because I think that price will actually ignore this daily demand pull back to weekly demand down there and then continue to push up so right now if you're looking to trade this right now and this week then I think shorts are pretty much the only option until we can hit this weekly demand at like I said at 1.317 and shorts are only an option on one minute five minute and even 50 minute charts although I would stick to the one minute and the five minute charts and remember like I said if we do continue if we Sorry if we do see a pullback on the USD Cad and on the USD us uh dollar then this four hour area of Supply at 1.351 is definitely a good area to potentially look to short and then all shorts on those time frames profits should be taken or stops should be moved up at 1.317 as we contact
that Weekly area of demand all right on to the AUD USD the Aussie dollar forecast the past week it's it's obviously a theme in this whole video we are seeing four hour and one hour uptrends with momentum shifting to the upside so as always Longs are okay but only on the day trading time frames I'm getting sick of repeating that but the reason I keep saying that is because some people come to the forecast and they just want to look at one pair so that is why I'm repeating it so there's a few options send forget trades on one minute five minute and 15 minute charts are definitely okay and just a reminder like I mentioned earlier I do have in my trading tips playlist in the link down below videos on set and forget Trading now if price pulls back to this area of four hour demand that's located at 0.661 we could look for a 15 minute time frame confirmation trade to the long side to continue with this overall four hour uptrend now it is possible we see momentum die on the four hour and the one hour chart and we pull back to this daily area of demand that's also a very similar area of demand as a lot of the other charts so if price does pull back to this daily air of demand at 0.65 I would be interested in potentially getting in Long on a one hour confirmation trade to the upside and the reason that I I feel comfortable doing that although we have you know a overall weekly downtrend is because if I blow up this weekly chart here if we do get the pullback to weekly demand like that there's definitely profit margin to weekly Supply that that is located at 0.68 so that is why I'd be interested in getting it long and I love to get in Long against I don't love to get in Long against a tram but I love seeing trade opportunities when the profit margin is extremely clear and to also be clear with you guys if price whether or not I get a long trade in or whatever if price pulls back to this weekly area of Supply at 0.68 I will
hunt 100 be interested and looking for four hour confirmation trades to the downside off of that Weekly Supply and why would I be doing that well because we have a weekly downtrend pulling into a weekly Supply Zone with a lot of profit margin to the low down here so that is why I'm waiting for that but I don't think that there's anything wrong with getting in long but if you do get in long I would definitely look to take profits at 0.68 because I would say with a lot of certainty that we are most likely going to get a reaction off of that Weekly Supply so that is why I think getting in Long on Lower time frames is fine but I think like I said I think if we if we do get the pullback to weekly Supply I think we need to switch our Focus to potentially getting in short as it's a fantastic shorting opportunity uh on the AUD USD and a lot of these pairs are looking the same game so I do apologize that a lot of the analysis is basically the same but I just wanted to be thorough for everybody USD CHF forecast like all the others we have four hour and one hour downtrend so again shorts are fine on Lower time frames day trading time frames one minute and five minute and even 50 minute chart if you do get a pullback to this four hour area of Supply at 0.962 we could look for a 15 minute confirmation trade to the short side coming off of that four hour area of Supply now if we do get a pullback to the upside which is definitely possible after such a large and fast move down there's a very significant daily Supply Zone here at 0.98 so that would be a little that would be a pretty good idea or sorry that would be a pretty good opportunity to look for a short trade coming off of that because this is the supply Zone that was responsible for removing all this upper momentum and including this demand so I think we could definitely definitely see a reaction off of that daily Supply if price pushes up to there but at the in the meantime there is clearly profit margin to the downside I would look to take profit on shorts at about 0.93 0 0.93048 at that Weekly area of demand so hopefully I think the best course of action is to wait for this four hour Supply at 0.9637 0.96 317 for shorts on a 15 minute chart
um other than that I'm not really sure what else to do here on USD Swiss the overall trend the weekly chart is still up but clearly you know momentum is down we want to be trading with momentum so to summarize USD Swiss day trading time frame shorts are okay as far as higher time frame shorts go like if you want to swing trade short I would either wait for this four hour Supply to be hit or for this daily Supply to be hit at 0.98323 all right last but not least we are on to crude oil a pretty interesting chart um we if the last couple forecasts if you guys been watching I talked about how oil is probably going to react down here we reacted perfectly off of that the only problem is in this daily chart we are kind of ranging right now we are clearly stuck between supply and demand but since higher time frame demand is in control like the weekly chart in the three-month area of demand I think looking for Longs is okay so as far as trading this one goes now the only setup I'm really seeing here on oil and I do not recommend getting in short based on higher time frame demands being in control so if you want a short that's completely fine but I'm not going to be talking about shorts on oil at this moment so as far as Longs go there is a four hour area of demand down here at 87.368 I think looking for Longs in this area are certainly okay whether you want to just take get the long in there or the stop loss below with take profit at about 94.5 it depends on how much profit you want to look to get I think that's fine or you could look for a 50-minute confirmation trade coming off of that four hour area of demand I personally am interested in this demand at 87.36 based on my macro chart analysis and based on the weekly chart if we do get in Long down there there's a lot of profit margin uh you can even look to Target 106 dollars a barrel based on this weekly Supply and at that point I think we could see a move down so that is why I'm interested in getting along on oil I just think we need to be a little bit patient hopefully we get to pull back to four hour demand and we can possibly get in long with take profits at like 104 uh to 106. 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
2022-11-13 09:28
