welcome to this week's forex forecast let me know in the comments down below what pairs
you're watching this week and don't forget to check out the youtube or patreon membership for
my daily chart analysis all right starting off with the us dollar the past week the
institutions got rid of 1878 longs and they also got rid of 692 short positions over the
past multiple forex forecasts we've been talking about this range that the dollar has been in
right here and we have just finally broken out of that range on the daily chart which has left
us with this daily supply zone here i have a good idea that i think the dollar will go up to this
supply level on the daily chart and then roll over from here that is my guess for what's going to
happen on the dxy so certainly be careful of going long at the dollar when it gets to about 95.7
and at that point it might be a good idea to start looking for short positions in this daily
supply on some of the currency pairs all right on to the euro the past week the institutions
added 5200 longs and they also got rid of 2 271 short positions looking at the daily chart here
it's uh just the opposite of the dxy we have this daily demand here that was the opposite
of the dxy supply so i do believe the euro will be pulling back to this daily area of demand
which you could certainly look for confirmation trades on a one hour chart if you don't know what
confirmation trading is check out my tips playlist i have a confirmation trading video in there where
you can see exactly what i would personally look for if you are going to get long in that area i
would target 1.1 uh sorry 1.15094 if you are gonna short which i don't really recommend right now
even though i do think price will be pulling back i would target right before this demand at 1.136
that is what i'm waiting for to happen on the euro if that doesn't happen and we continue to see a
push up here on the four hour chart what i'm going to be doing is setting an alert above here where
if we break that area we will have a four hour uptrend continue along with a one hour and i'll
be looking for 15 minute set and forget trades to the upside but ultimately i do think that
the euro will pull back to that daily demand and we will see a rally from that level
all right gold the past week the institutions got rid of 6 400 longs and they also added 5137
short positions we are in daily supply on gold right now so be very careful buying gold
if you are going to go long i would target right before this supply at 18.50 something like that
if you're gonna go short i would target 1780 before this daily area of demand
i'm personally not very interested in trading gold right now what i'm waiting for is as you
can see i have an alert set above here and i will be waiting for send forget zones once we break
this uh high like that and we will have 15 minute trend one hour trend four hour trend so i'll be
looking for 15 minute pullbacks you could have looked for confirmation in this supplies on here
and if we do get a pullback to this four-hour area of demand here at 1808 you can certainly look for
a 15-minute confirmation not the highest odds but i do think it would be somewhat decent considering
we are in weekly demand if you guys want my zones make sure to check out the patreon or the youtube
membership it's only five dollars cap per month you can get all my zones tracked on a daily basis
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all right on to usd japanese yen the past week the institutions added 6 800 longs and they got
rid of 18 452 short positions our target was hit as you can see right here at uh 115 around
there right at that daily area of demand so if you got in short and targeted that very nice
and it actually looks very similar to the dxy chart where i think we will see a pullback to
this daily area of supply where if you are bearish the dollar which i personally am i think this is a
great selling opportunity up in here to possibly target down here if you are going to short i
would target 112.5 if you are going to get in long from here i would target right before this
daily supply at 115.06 right before this supply uh but ultimately i do think we will push up here
and then have a nice push down what i'm personally waiting for is just for these trends to continue
on the lower time frame it's very similar to what i do all the time just waiting for this low to
be taken out right here and then when that load gets taken out i'll be looking for 15 minutes and
forget pullbacks to trade to the downside looking for about three to one moves but ultimately i do
think we could like i said see upward pressure on some of these us dollar pairs to the upside but
ultimately probably sell off when we get to that daily area of supply gbp usd the british pound the
past week the banks added 4 500 longs and they also got rid of 5479 short positions if you are
going to go short i would target right before this daily demand at 1.361 if you're going to go long i
would target 1.39 right up here i do think we will be getting a pullback to this daily area of demand
i'll show you what i'm going to be looking for but real quick if you are enjoying the video make
sure you hit that like button comment down below what you thought of the forecast or what i could
do differently or any comments or tell me what you're watching this week i'd much appreciate it
and like i said earlier check out the patreon or youtube membership if you want to join the team
but i do think we will be pulling back to this daily demand so you could certainly look for
one hour confirmation in that daily area of demand what i'm personally waiting for
like i am with most of the pairs i'm waiting for this high to be removed and then like i always say
i'll be looking for send forget trades on lower time frames like the 15 minute something like that
i'm not a fan of this four-hour area of demand you could look for 15-minute confirmation in here but
ultimately i think we will see something like this play out in the pound i don't really put
a lot of weight on this four-hour zone but if anything look for confirmation but like i said
i don't even really recommend doing that so i'm just waiting for that high to be removed up there
or possibly price pushing lower and you can look for confirmation in that daily demand
all right usd cad the past week the institutions got rid of 1270 longs and they added 2 300 short
positions if you are going to get in short i would target right before this demand at 1.246
long i would target easily this daily supply here at 1.261 i do think like all the other us dollar
pairs we will see a pullback to the daily supply levels and then roll over i don't really look
for confirmation trades anymore i mostly do send forgets but definitely check out this area for one
hour confirmation and if you aren't a member you can use my zones for the one hour chart to get the
confirmation so definitely check that out and if you look at the one hour here we are in a one-hour
uptrend what i'm personally waiting for is for these lows to be taken out like i always say
and have a move down like this look for those send forget entries because as soon as we start to lose
these trends on the lower time frames i become less interested even though i do think ultimately
it will you know pull back at some point i don't really know where possibly like i said that daily
supply that's somewhere up here but it's very difficult to predict which zones are going to hold
when we start to lose that trend right so that's why i like to only trade with the trend and any
zone that's after that usually is pretty high odds so that's why i'm always waiting for trends to
play out but ultimately i think we will probably pull back to that daily area of supply like i said
definitely check that area out for confirmation it could be certainly a good trading area
all right aussie usd the past week the institutions got rid of 250 longs
and they added 1870 short positions if you are going to get in long i would
target before this daily supply 0.73 if you already get in short i would target 0.70
we're pulling back to this daily demand i'm not a huge fan of this demand level due to it being
so close to a trend line like this we could see something like that play out so if anything if
you're really looking to get in long i would only look for confirmation in here that's all i would
do uh but i am waiting like i always always say i'm sorry if it's getting very very repetitive
i'm just waiting for trends to start to play out again uh on the on the lower time frames and once
that four hour starts trending the one hour will be trending and the 15 will be as well then i'll
be interested in going in long but be very very careful trading around this daily demand level
although i do think we will see a push up whether it's from the most nearest demand right here or
it's this one i think we will be looking for a higher move up in some of these dollar pairs
so if anything you could really just look at this as one big area of buyers and look for
one hour or four hour confirmation coming off of this area to get in long and target 0.737
all right usd swiss franc the past week the institutions got rid of 1800 longs and they
added 61 short positions if you look here we broke this daily demand which has created a
daily downtrend here looks like we are going to be pulling back to this daily supply so
if you're going to get in long i would target 0.922 short i would target rate around 0.906
i do think we could pull back up to there and then roll over like i've been saying with all the other
us dollar pairs i'm not going to just guess that and go along though as you can see down here
i have my alerts set down there for when the one hour starts to trend again like i always say i'll
be looking for send forget trades the downside that's all i'm going to be doing i'm not going
to be guessing if the us dollar is going to get strong and gambling to the upside i'm going to
continue to trade with that trend just waiting for a lower time frame trends to take place last but
not least crude oil the past week the institutions added 21 776 longs and they also got rid of 5 904
short positions if you are going to get in long crude oil i would target 87.8 or 88 essentially
maybe 87 would be a little safer if you are going to short this area which i don't recommend
i would target 80 dollars a barrel that's what i would target we are in a weekly supply guys
so be very careful getting in long ultimately i do think we will go higher but it doesn't
mean we won't see little down moves like this on the way up so what i'm waiting for actually the
the oil is trending right now in all time frames so this is what it looks like when i'm looking
for send forget trades so when this happens i come down to a 15-minute chart and i look for
any decent looking zones to possibly get in long at and right now i do not see any so i'll just be
waiting for a quality 15-minute demand zone to be going long at looking for that three to one profit
target but that's what i'd be doing i would just be trading these lower time frame trends right now
if anything you might be able to look for one hour trades or four hour trades as well
uh but to enter on a four hour or something like that we'd have to see this trend continue on the
weekly chart and then go from there 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 and 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