Weekly Forex Forecast | EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD OIL (07/11/2022) Forex Forecast

 Weekly Forex Forecast | EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD OIL (07/11/2022) Forex Forecast

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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

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