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 things off at the us dollar the past week the
institutions added 581 longs and they got rid of 1700 short positions weekly supply is still
in control here that is why we are seeing a down move in the us dollar and all my forex
forecast videos from last year the same thing is happening right now where we are stuck in between
supply and demand we have demand down here in the daily chart we have supply up here on the on
the daily chart as well so i'm still just waiting for the evidence to show me where is price headed
we're either going to break this zone to the downside or we're going to break to the upside
i am personally waiting uh for that to take place before making any true trading decisions
euro usd the past week the institutions added 456 longs and they got rid of 4 600 short positions
if you are going to go long i would target right before this daily area of supply i would target
1.141 if you're going too short i would target 1.126 just before this demand area on the daily
chart uh there is not a very clear direction on the euro me personally what i'm waiting for i'm
i personally think the euro will be going up so what i'm waiting for is for this high to be
removed here this is a four hour chart so once we break above this high we will have a four
hour uptrend and then i will simply be trading the four hour one hour 15 minutes sequence looking for
send for get trades on the 15 minute chart i'm just not a huge fan of trading in this
overall range that we're seeing on the four hour chart it's very difficult to trade in a
range like this so i'm waiting for that range to break out if it breaks out to the downside
what i'll be waiting for there is for clear lower lows and lower highs like this then
i'll be trading the four hour one hour 15 to the downside but ultimately i think we will
probably go higher in the euro based on the fact that the dxy is in week lease and a monthly supply
all right looking at gold xau usd the past week the institutions got rid of 7 200 longs and they
also got rid of about 5 500 short positions we did have new daily demand here but price actually
broke that so now we are forming new supply right here if you are to go long i would target right
before this supply at 18 10. if you're gonna go short i would target 1780 before this demand
to me it looks like we will be going downward on gold but i really don't see that many good trends
on the four-hour chart yet for me to be short and gold i would have to wait for this four hour area
of demand to be removed first then i'll maybe hop on short with a four hour one hour fifty minute
uh trend but at the same time keep in mind gold is overall in weekly demand so we could see gold
spike up at any time so i'm not really recommend trading this one but or you could actually be
looking for confirmations so in weekly demand so you could actually wait for something like this
to take place remove this supply maybe having new demands on here where you could look to
go long in the four-hour chart if that happens and you want my demand zone definitely check out
the youtube or the patreon membership it's only five dollars cap per month you can get my chart
analysis on a daily basis it can certainly help you with your trading by using my very accurate
supply and demand zones so check that out links are in the description hope to see you guys there
all right usd japanese yen the past week the institution added 17 500 longs and they
also added 8 300 short positions if you look here on a daily chart we have very
clear daily uptrend we've had this supply zone removed which has created this demand zone here
i'm not a huge fan of this demand zone i think it's definitely decent with a daily uptrend you
can certainly look for one hour confirmation uh in this daily area of demand here if you're looking
to go long i would target 116.5 if you're looking to go short i would target right before this daily
area of demand at 1 15. ultimately what i'm might be doing is looking for one hour confirmation in
the zone like this i think that is the best bet and what that's going to look like is the removal
of this downward trend line and hopefully there will be more uh supply zones here in the one hour
chart where if we get that shift of momentum to the upside hopefully there will be a nice
one-hour zone right here uh so that is what i'm waiting for on usdn i think that is the highest
uh probability option is to like i said just wait for this daily daily demand to be contacted
gbp usd the british pound the past week the institutions added 2 800 longs and they got rid of
861 short positions we are contacting this daily area of supply right here coming off of this daily
demand down here if you're going to go long i would target maybe i don't even know if i would be
going long around this daily supply but you could target 1.368 if you're going to go short from this
daily supply i would target 1.335 i like to give targets on both sides because i know not everyone
agrees on direction that is why i give targets on both sides and real quick if you are enjoying
this video make sure to like comment subscribe everything i would much appreciate it uh let me
know what pairs you're watching and definitely check out the patreon youtube membership would
be much appreciated at least let me know in the comments down below that you made it this far
and leave a like that's all i ask anyways so like i said those are the targets for me for long
what i'm personally waiting for since i'm most likely only going to be trading the four hour one
hour 15 minutes sequence uh in 2022 i'm waiting for this high to be removed up here it's basically
almost removed at the at the time of making this video there's still an hour and ten minutes left
in this week once that's removed i'll be on the one on the 15 minute chart because we will have
a four hour we'll have a one hour and a 15 minute uptrend as you can see my alerts right here then
i'll be on the 15-minute chart i will be looking for send forget trades and if you don't know what
i mean by send forget i did a video recently on that definitely check it out have gotten a lot of
good feedback on that and you can see exactly what i look for when trading set and forget
all right usd cad the past week the institutions added 68 longs and they
got rid of 623 short contracts if you look here we're at daily demand again
coming off of this daily supply right here that is the power of my supply and demand zones if you're
looking to go along in this area i would target 1.277 if you're gonna go short i would target 1.25
down here that's what i'd be targeting right now i really don't see any decisions to be made on this
daily chart what i'm personally waiting for is for this low to be removed on the four hour chart
and just like the british pound like i was just talking about then i'll be on the 15 minute chart
looking for a possible little hidden zones in here for send for get trading to the short side
and i will be targeting three to ones that's what i'll be doing because right now price is just
sideways so once we have this low broken we'll have that that ability to draw that trend line
and we'll have a very clean downtrend so that's what i'm waiting for on usd cad and be very very
patient but i'm also going to be cautious of the fact that we are still in daily demand
aussie dollar the past week the institutions got rid of 4 200 longs and they added 3
372 short positions we are in daily demand right now coming off of this daily area of supply
if you're if you are going to go long in this daily demand i would target right before this
daily supply at 0.724 if you're gonna get in short my target is down here at 0.706 uh i'm not a huge
fan of getting in long in this area you could look for a one-hour confirmation uh you kind of got it
right here but i'm not a fan of this type of zone for me i think the best option would be to wait
for this supply to be removed and then get confirmation possibly what i'm personally waiting
for just like on all the other ones i am waiting for we actually have a four hour downtrend right
here what i'm waiting for is for new highs to be formed on the aussie on this chart which will give
us that nice clean four hour uptrend or possibly something like this will give us a little bit of
a four hour uptrend then i'll be day trading the 15 minute chart that is all i'm personally going
to be doing on the aussie as i think that is the highest odds uh and why because we have a weekly
downtrend right now but we are in monthly supply uh demand so it's very possible that we do see the
aussie go up from here i'm just waiting for trends to play out on some of the lower time frames
all right usd chf the swiss franc the past week the institutions added 2 200 longs and they also
added 3 400 short positions if you are going to target if you are going to go long i would
target right before this daily supply is 0.932 if you're going to go short i would just target this
little quick target for this demand at 0.915 if you look here we're clearly in a sideway sideways
market on the usd swiss uh what i'm personally waiting for we have a four hour uptrend right
here one of the members alerted me of that today thank you kurt shout out to you we have a four
hour uptrend right here so what i'm waiting for now since we have a four hour uptrend is
i'm waiting for this one hour to continue its uptrend so when this happens then i'll be on
the 15 minute chart looking for you know what send forget trades so i'll put an alert up here at the
at the end of me making this video we'll have a one hour uptrend and then i'll be looking for
15 minutes cent forgets that is the highest odds thing in my opinion to be doing
uh especially considering that you know the weekly sideways the daily sideways so be making trading
decisions based on those time frames is not very high odds in my opinion so i like i said
just waiting for a four hour one hour 50 minute trend to continue all right last but not least
crude oil the past week the institutions added 73 or sorry they got rid of 7 300 longs and
they also got rid of 1700 short positions if you're going to go long which i'd be careful
we are in weekly supply i would target 82.847 short side i would target 75 dollars a barrel
daily momentum is clearly up i don't really want to call it an uptrend just yet but like i said we
are in this weekly area of supply so i'd be very very careful going along it might actually be
better for a new high to be formed and then look for longs because we don't know if that supply
is going to hold what i'm going to be doing just like the theme of the video i'm personally waiting
for this high to be removed on the one hour chart then i like like i always say i'll be looking for
send forgets on a 15-minute chart uh but just like i said keep in mind weekly supply is in control
right now but in my opinion i do think it is going to break based on the strength of this trend and
the fact that down here monthly demand became in control this is a monthly demand zone down here
monthly demand is stronger than this weekly supply so i have i have a evidence to believe that we
will be breaking this high and that we are going to new highs on oil so like i said just waiting
for those smaller time frame trends to start playing out and i'll be hopping and trying to j
day trade uh crude oil 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