in this week's forex forecast we're going to be looking at all the important supply and demand
zones created by the large institutions and the banks in order to help you with your trading
this week all right starting things off with the us dollar index the past week the institutions
added 206 longs and they got rid of 319 short positions this daily trend has held very nicely
we are going towards my target of 94.8 on the us dollar if you look at the one hour chart though
we have lost some sort of uh uptrend momentum
by the removal of this demand zone right here but if you look at the four hour chart we are still
in that nice four hour uptrend so we're not out of the woods yet to the short side
in my opinion the daily trend is the strongest so i'm i'm pretty bullish the us dollar on most pairs
looking at euro usd the past week the institutions got rid of 5300 longs and they got rid of 10
500 short positions they remain about 50 50 when it comes to percentage long and percentage short
as we talked about last week we reacted off that daily supply and we're in a daily
downtrend right now so in my opinion the euro is going to go much lower my target to the upside if
you're feeling risky and getting in long my target would be 1.165 to the downside my target is 1.475
if you come to a four hour chart you have a nice four hour downturn right now but we are reacting
off of this four hour demand zone that i've had laid out for patreon and youtube members so if you
got a confirmation trade out of that good for you guys uh glad to see you guys are liking the zones
that i produce for you guys and so what i'm going to be waiting for is for this four hour demand to
be broken and then i will hop on a 15 minute time frame and hopefully catch a short down to
1.475 if you look down here on the one hour chart we've had a little bit of one hour momentum to the
upside all the way up here now we're reacting off one hour supply so i'm personally waiting
for that new low to be created before i hop in short because i want to make sure that you know
if i'm trading a 15 minute chart that the four hour and the one hour are trending down and as
you can see here there's a decent amount of profit margin from this load down to this target of 1.147
aussie us dollar the past week the institutions added 1700 longs and they added 1900 short
positions they remain 83 short on the aussie us dollar looking at a daily chart we had
daily demand right here seems like it broke right through right down to this daily demand zone here
so you know it's not a time to be shorting the aussie dollar in my opinion this daily chart is
kind of starting to look sideways so i'd be very cautious trading this pair if you're looking for
shorts to the downside my target would be 0.721 and to the upside my target remains at 0.766 but
i'm personally not really trading this one right now i don't feel very confident if you look at a
four hour chart we've kind of had this this supply zone removed right here so in my opinion if i am
going to get in short i'm gonna have to see that lower move but then there's the problem of this
daily demand down here right so i don't really necessarily think this daily demand is going to
hold but we could see reactions from that so i'd much rather the safest version the safest bet to
wait for is to wait for this daily demand to be removed and then basically short from here all the
way down to 0.72 for me to start to look for longs again on aussie i'm gonna have to see a huge shift
in momentum i'm basically going to have to wait for all these supply zones to be taken out a low
and then a new high which would create a nice four hour uptrend and then because as you guys know if
you've been following my channel for a while i do only trade with trends so i have to wait for that
to take place in order to feel comfortable getting along but right now i just don't
know if that's going to even happen because we've kind of lost the momentum to the downside but in
my opinion i think that's easily going to drop lower that's just my opinion for now and like
i said definitely keep an eye out for these daily areas of demand if you're going to look for trades
in these areas if you're a patreon or youtube member make sure to take profits somewhat early
i don't think that we're going to get a huge move from here but you know anything's possible
just wait for those trends to take place if you're trading the lower time frames
on to the british pound the past week the institutions added 5 300 longs and they also added
about 5 300 short positions they are 58 long this pair but as you can see this daily demand has been
broken we have not made a new low yet and we are at the lows there is some sort of demand down here
but i certainly don't want to be buying the pound right now that's just my opinion
if you do want to buy you know i would target 1.36 right before this daily area of supply if you're
looking to get in short my target is 1.334 but i'm personally waiting for is that low to be broken
and then i will start to go down to a four-hour chart and 15-minute chart and look too short all
the way down to 1.334 right now we're in four-hour supply so you could be looking for confirmation
in here on a 15-minute chart don't really see much going on right now on this chart i would
definitely wait for some sort of reaction like that and then maybe short the pullback to the
downside if you're looking to get in short at that four hour supply zone me personally like
i said i'm just waiting for this daily low to be to be broken right here i'm actually going
to set an alert right now so you guys can kind of see you know exactly how i kind of manage my my
trades and what i'm looking for so when that alert goes off i'll be alerted that we have a new low
we'll have four hour downtrend daily downtrend one hour downtrend and then i'll feel comfortable
shorting but the profit margin is just not really there right to me the targets here we could go
even lower to 1.33 that's what you might have to do if you do get in short like i said if you're
looking to get in long i think an easy target would be 1.36 but it's very difficult to tell
you know if price is going to react from here and go all the way up to there or not i think it's all
going to be revolving around this four hour area of supply we could pierce through it hit this
come down or we could just kind of pierce through it and drop down from there but then right now in
the pound it's all just a waiting game for me all right looking at usd cad the past week the banks
got rid of 4 700 longs and they got rid of 3 900 short positions and our target was smash if he
got in long and he took profits at that target as you can see in last week's video congratulations
i think it's best to be taking profit right now because we are at daily supply if we do pierce
through the supply i think the next place we're going is 1.257 so that is my target to the upside
i'm personally going to be looking for shorts in this area to the downside and my target is still
1.22 so in this daily area of supply we could easily be looking for one hour confirmation to the
downside if you don't know what confirmation is check out my tips playlist i have a confirmation
trading video on there it shows exactly what i look for i think there should be a link in the
description as well so for now i'm just going to be on this one hour chart like this wait for this
shift and momentum to change we have a nice one hour uptrend so what i'm going to be waiting for
is something like this to take place where we have that upward trend line and that demand removed
then i'll start to look to short pullbacks at one hour areas of supply
you could even go down to a five minute but what i would actually like to see is a nice
trend down like that to take place on the one hour and hopefully on the four hour two and
then i'll hop in on a 15 minute chart and ride it down to my target that is you know significantly
lower i think that we could easily get down there to usd cad with oil getting stronger and stronger
i think it's very possible but it's also possible we continue to trace to the upside here so like
i said you can look for one hour confirmation right now i i wouldn't feel comfortable buying
right now but like i said if you do want to buy 1.257 is my target at this daily area of supply
all right on to usd swiss the institutions added 1400 longs and they added 193 shorts
but they are still 94 long on this pair last week i talked about how we lost that upper momentum and
now we're kind of we're not really trending down but we are going down at least on the daily time
frame if you're looking to get in long my target is 0.918 to the short side my target is 0.902
it's not really a pair i'm interested in trading right now i'm only kind of looking for
short trades on this pair even though i am bullish the dollar this i just got to trade with the trend
so i'm actually not super eager to trade this pair what i'm gonna have to see is a new low broken
right here like that and i'll set an alert there for you know when price does do that
i'll basically wait for a new load to be formed and then i'll hop in on a 15-minute chart and look
for shorts down to 0.92 or sorry 0.902 right now i don't really see any opportunities for trading
the four hour chart we've kind of lost momentum we're now going sideways at least in this
range right here so like i said it's not the best time to be trading this pair if you're going to
get in long i highly suggest waiting for a nice trend to form like that then maybe you
can get long on a 15 minute or a 5 minute time frame but right now i think it's just a waiting
game on usd swiss especially since i'm pretty bullish the us dollar but this is looking weak
usd jpy the past week the institutions got rid of 10 500 longs and they also got rid of 11 000
short positions they still do remain 86 percent long on this pair my targets still remain the
same my short side target is 112. my long target is at about one 115.6 this daily area of demand
has held very nicely but it's getting weaker every time we touch this area so my opinion for
price to blow through like that it's not even out of the question it's extremely possible
and if you look at a weekly chart there's weekly demand and monthly demand down here i talked about
this last week so i think it's easily possible that we are traced down to here where buyers will
pick it up again and we can ride our ride to the target up above so that's kind of what i'm waiting
for on usdn i don't feel comfortable shorting the lower time frames down to this weekly area
of supply you you could but what i would wait for if you're looking to get in short is wait
for this significant area of demand to actually be removed and i'm actually going to change the way
i draw it like that i think that's a little more fair so i would wait for this four hour demand to
be removed and then you could actually start to look for 15 minute uh five minute shorts to the
downside all the way down to that weekly area of demand at 112 down here so if you do get in short
you know you're technically treating counter trend against the weekly trend but there's a
lot of profit margin down to this weekly area of demand so certainly keep an eye out for that
maybe set an alert below this supply level that i have and you know once that alert goes off
go to switch the lower time frame switch to the one hour five minute four hour 15 minute time
frames and you can easily probably get a short down to that weekly area of of of demand but in
my opinion what i'm personally waiting for is for all this junk to be removed like this create that
four hour uptrend then i would i'd much rather be getting in long on usda and i know a lot of people
aren't going to agree with me with that but in my opinion i have to trade with that weekly trend
and if you look at the weekly chart you know the trend is clearly up and we are in weekly supply
so we could see that reaction down here but i think overall that trend is going to continue
all right looking at gold the past week the institutions got rid of 2 500 longs and they
got rid of 3 000 shorts but they are still 76 percent long on this on gold if you look down
here we reacted off of this daily area of demand that i've had drawn out for a long
time go back and watch my forecasts and we reacted off of that again so in my opinion
you know it's looking at this daily chart at least in this section right here we are looking
pretty pretty bullish so if you are bullish my target would be 1840 and that is right above
the this resistance area right here i think that stop losses could easily be triggered up there
so certainly watch out for that you're gonna get in short which i don't really recommend right now
1801 would be my target to the downside if you look at this four hour chart i mentioned last week
this four-hour area of supply said it was very significant it broke this upward trend line
and broke demand so if you got in on a 15-minute confirmation trade in this area congratulations
i did bring that up in last week's forex forecast so that's why you should be paying attention to
these areas and you know marking them out on your chart but as far as this four hour chart goes it's
looking very very bullish there is some sort of buying that took place right here so we could see
price come down to here and then do that but right now on gold it is looking pretty bullish
we've clearly broken that downward momentum and now in my opinion we're going much higher
like i said on that daily chart we could easily break this purple box right here and go to 1840
looking at a weekly chart we are in this weekly area of supply
flip zone but it's very tested now so i think you know the ultimate target above 1840 would actually
be 1870 and once we get up here you know i think gold is going to be going much higher
last but certainly not least crude oil the past week the institutions got rid of 1500 longs and
they added 2 800 shorts so clearly based on this cot data here they're kind of adding to
their shorts uh and i think it's no surprise right we're seeing that downward momentum
uh this daily area of demand has now been broken so in my opinion to the long side
of target would be 87.5 short side target would be 77.6 i'm personally not feeling comfortable
shorting oil what i'm personally waiting for and i talked about it last week i think
i'm waiting for this weekly area of demand to be hit so when price gets down to here
like this i will be on a four hour chart looking for four hour shifts in momentum i think it's also
possible that we break this zone a little lower and go to this candle here and then move up so i
will be looking for four hour confirmation in this whole general area and i know it's a little bit
different than most supply and demand traders do but i'm very bullish oil
i want to trade with this weekly trend that's why i don't feel comfortable shorting to the downside
right now but i do hope that oil does pull back to this weekly demand and we can get in
long if you go to a four hour chart here uh this demand kind of held right here we have a four
hour downtrend so if you are going to get in short you know maybe take some profit before this four
hour demand but like i said my my lot my short targets are 77.6 but be very careful shorting oil
if you're shorting oil you're going against the massive weekly trend that we have and you know in
my opinion sometimes we get pullbacks and trends and that's all we're getting right now in 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