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 all right starting things off with the us dollar
index the past week the banks added 601 longs and they also got rid of 201 short positions
now in last week's forecast i talked about how we were just contacting this weekly area of demand
we didn't quite touch it but clearly there was a rally from my demand zone here and if you look at
the daily chart here we are actually about to contact the daily supply that was responsible
for this downward move to the weekly demand so this daily zone right here is going to be very
significant i would definitely stay away from buying the us dollar until this daily supply
zone has been removed so we could definitely see you know i don't think that there's going to be a
huge reaction from the supply zone by any means i do think we could see a small move down and then
eventually push up and why do i think that well i think that's going to happen based on this
weekly uptrend that i see here so the trend is still up on the higher time frames and that is
why i believe that daily supply will be removed so definitely be careful buying the us dollar
until we get that daily supply and daily uptrend uh continuing all right looking at
euro usd and really quick just want to give a shout out to one of the youtube
patreon members who caught a nice four hour demand zone trade right here look at the move up here
i cut it two to one so just want to give a shout out to one of the members here congratulations on
your awesome trade eventually it did end up you know breaking through supply but we got a nice
at least two to one move away from that zone so very nice and congratulations to you and now we
will look at the call report for the euro the past week the banks uh they added they're sorry they
got rid of 6 300 longs and they also got rid of 4 500 short positions and if you look we're reacting
beautifully off of this weekly supply zone here so weekly supply is in control in the euro
with a very nice downtrend in play as well if you look we had a very nice reaction off of
daily supply as well and if you go back in all the weekly forecasts i've had these zones drawn out
for the members for quite a while now so that's the accuracy of my zones and if you want these
zones check out the youtube or patreon membership links in the description it's only five dollars
cad per month you can get my all of these zones on a daily basis and use them in your trading
uh so definitely check that out we'll be happy to have you guys join the team so now we're
going to look at the four hour chart here on the euro and since weekly supply is in control
any four-hour supply zone is looking pretty good in my opinion i don't really recommend taking this
as just a set and forget trade but i would suggest to maybe hop down to a 15 minute chart in here and
look for a confirmation trade to the downside and that would basically just be trading along
with the four hour downtrend weekly downtrend and the daily is not down trending but it is overall
downtrending so on the euro this is pretty much all i see right now this four hour area of supply
so i definitely look to get involved short in that area all right gold xau usd forecast the
past week the institutions added 897 longs and they also got rid of 1782 short positions if you
look here last week i talked about how we couldn't really quite hit this daily demand zone but if you
look we actually pushed down just wicked in right here and just tapped my demand zone right there
so that is the power of supply and demand and if you see on the lower time frames i actually
called out this four hour area of demand right here that i have circled and we got a nice little
tiny move out of it but eventually it broke and that's a problem when you're contacting
daily demand there's going to be a lot of wonky price action but at the end of the day
daily demand is in control so i would be looking for longs here on gold and i'm not really seeing
too much at all there is this four hour demand zone but as you can see it's extremely choppy so
any trades in this area should just be 15 minute confirmation or since we are up trending on the
four hour chart what i would recommend is maybe going down to a 15 minute chart and looking for
set and forget trades like this i'm not saying that's a great trade to take but at the end of
the day long trades are definitely in play on the lower time frames like the 15 minute
or the 5-minute chart especially since we're coming off of not only weekly demand but also
a daily confirmation demand as well usd jpy forecast and really quick just wanted to show
you a little call out from last week's forecast i pointed out this one hour area of demand right
here and look at the move away from that demand zone go back and watch last week's forecast if
you're interested to check that out just wanted to show you guys that from last week's forecast
now let's go on to the jpy car reports the past week the banks added 472 longs and they also got
added 3 200 short positions so clearly the yen is just on a tear right now there's almost no
stopping it if you look all of my zones for the youtube page are members have been working very
well besides you know this one here never got the pullback here but look at the moves away from this
demand zone clearly the bulls are in control on the usdn so i would only recommend getting in long
and there was a nice four hour demand zone right here that could have been a nice little trade
but ultimately you know price already reacted off of it so i don't really recommend taking
it anymore so what i would do is i would either wait for this high to be taken out
and then i would start looking for 15 minute and five minutes set for get trades
to the long side other than that i really don't see too many other trading decisions right now
obviously if the week goes on and we and we're on the four hour chart and we see another big up move
with demand down here that will be drawn for the members and that would be a nice trade here but as
of now i don't see anything else to look for in trading either just wait for this high to
be taken out like i said and look to trade the lower time frames or wait for new 4-hour areas
of demand to be formed or even one hour area of demand to be formed as well gbp usd forecasts the
past week the institutions added 3 800 longs and they also added 535 short positions if you look
here we had a nice little move up on the pound but eventually since we were in a downtrend price just
turns around and follows the trend until you know significant shifts are taking place but as you can
see we are about to contact this daily demand i do not think that we're going to see a huge
move from this demand zone we could definitely see a smaller move from here so if you are short
i definitely would recommend taking profits right around now or right before this daily demand zone
so now let's go down to the lower time frames and see if we can't see any trading setups so since we
have a weekly downtrend and a four-hour downtrend i think looking for shorts on a 50-minute chart
are okay but like i said definitely keep in mind the daily demand is in control or sorry we'll be
in control soon if we keep pushing down but if price pushes up to this four hour area of supply
that would be a fantastic area to look for a confirmation trade in and remember if you don't
know what confirmation is i have a whole youtube tips playlist uh definitely check that out i talk
about confirmation quite a bit so that's all i could really see here on the pound is this four
hour supply zone to look for confirmation in other than that i really don't recommend doing anything
else and of course if price comes down to this daily demand zone i would definitely hold off on
the shorts unless we get that pull back to that four hour supply zone that i was talking about
but ultimately the pound's looking pretty weak here and i'm not surprised to see it turning
around based on this weekly downtrend that we've had on gbp usd all right usd cad and
what a surprise we reacted beautifully off my weekly demand zone right here when i move up
i've had this zone drawn out for quite a while now a few weeks so i just want to i just i like
to show you guys the power of supply and demand here i know i keep bringing it up i do apologize
but i think it's insane sometimes but looking at the daily chart here on usd cad or really quick
let's look at the car ports quick they added 2 800 longs and they also added 8 700 short positions
yes we reacted off weekly demand down here but we're actually contacting a daily supplies on here
and this daily supply zone is pretty significant i don't think we're going to see a huge move down
from here but you could definitely see a small move and your confirmation again in long would
be the removal of this daily supply so if we can get a push up right here maybe base out before
we'll have a nice daily demand zone to possibly get in long at but i would definitely hold off
on longs until we get that daily supply removed but if you're really really eager to get in long
on usd cad there is a four hour demand zone right here uh but since daily supply is in control right
now i would only recommend looking for 15 minute confirmation coming off of this four hour zone
and then the same thing goes for this four hour demand zone as well but clearly we saw that shift
in momentum in last week's forecast i talked about how if this supply zone gets taken out that would
be your signal to get in long and look at the move we've had from there so hopefully you guys
are enjoying these forecasts and make sure to like and subscribe aud usd forecast the past week the
institutions got rid of 1100 longs and they also got rid of 1963 short positions now if you look
here we are reacting off of daily demand but this daily demand looks extremely weak in my opinion
let me know in the comments down below why you think it's looking weak to me i'd be interested
to see what you guys think so definitely get back to me on that i'd be very interested to see if
you guys are seeing what i'm seeing so we are in daily demand you could technically look for longs
but since i do believe the us dollar is going to get stronger i don't really recommend going along
the aussie which is technically shorting the dollar so right now i don't really see
too many setups at all if you really wanted to get in short which i think is probably the best
option right now what i would wait for is this significant uh four-hour demand zone to be removed
why because it broke supply leaving us with demand and we reacted beautifully off this
four-hour demand zone so what i would do if you're looking to get in short is i would wait for this
demand and maybe even this demand zone to be taken out so a nice move down like this hopefully
leaving us with a four hour supply zone and then we can look to get involved uh to the short
side until then i really don't recommend doing anything there is a four-hour supply zone right
here you could certainly look for a 15-minute little confirmation trade in here quickly
um other than that i think waiting right now on aussies probably the best thing to do and at least
waiting for this daily demand to be fully removed uh before hopping in short but i think if we get
that downward pressure uh and i think it's decent to possibly look to get it short usd chf forecast
the past week the banks got rid of 4 300 longs and they also got rid of a whopping 32 short positions
in last week's forecast i talked about this daily supply could be decent to look for a one-hour
confirmation trading and obviously we broke above this supply zone and so it has been removed but
now we are in daily supply right here so really quick let's look at the overall picture to see if
there's any indication of you know whether or not the supply zone is going to hold or if it's going
to blast through so let's go to a weekly chart really quick if you look at the weekly chart here
wow look at that uptrend so in my opinion based on this uptrend i think that that daily supply
should be blown right through pretty easily i do think we could have a small reaction off of it
but ultimately i think we will be pushing up above this supply zone so i would probably
hold off on longs right now and i definitely would not be shorting against that weekly
uptrend so in my opinion the best thing to do is wait for that daily supply to be removed
or if you're trying to throw risk out the window and you want to get involved long which is
sometimes okay i don't disagree with it there is a four hour demand zone right here you could get
a nice confirmation trade like that just like we had off of my previous four hour demand zone
but if you do decide to do that i would definitely use half risk based on daily
supply being in control and if you are going to short which i do not recommend whatsoever
you should definitely be using lower risk based on that weekly uptrend but usd swiss
looking pretty strong here just need to break through a daily supply zone all right last but
not least crude oil and in last week's forecast i pointed out this four hour demand zone house
somewhat decent you could definitely look to get involved in the trade here and look at that price
just barely wicked into our zone and blasted off so any members that got a nice trade there
uh congratulations to you and make sure to let me know so looking at the car reports for oil here
the past week the banks added 2 100 long positions and they also added 6 900 short positions
if you look we are still contacting daily supply which is why i said look to take profits on longs
right around this area i do think we could easily see oil continue to go higher though
i do not recommend getting in short right now i would still be looking
for longs but maybe use you know maybe half risk based on daily supply being in control
but what you could do is you could just wait for this high to be taken out and then look to trade
a 15 minute or five minute uh seven forget trade to the upside or you could wait for this four hour
supply to be removed leaving us with new four hour demand we can look to basically do the same thing
up here as we did down here so that's pretty much all i'm seeing here on oil if you are in
the lower time frames like the one hour chart what you're waiting for for your long entry is for this
significant one-hour supply zone to be taken out so hopefully this happens leaving us with demand
and that would be your potential trade setup right there but overall oil is looking pretty strong i
would definitely not be shorting oil right now especially since we are in the summer and uh yeah
hopefully you guys enjoyed this forecast 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