another awesome trading week with some trades from the daily Market breakdown video let's
get into this week's Forex forecast starting off with the forecast for the dxy the US dollar as
you guys can see the US dollar has just been on an absolute tear we broke below some sort
of demand I thought that was a sign that we were going to push down so I'm not gonna lie
I did think that this was the move that was going to take place but I was wrong and we
actually pushed up on the dxy so as far as the daily chart goes yes we are overextended we are
kind of due for a deeper pullback to kind of give us more of that healthy looking uptrend
but at the end of the day the the the the the price is very very strong so there's no denying
that and even on the weekly chart here yes we are coming into some sort of selling but we do
have profit margin up to 110. I'm not saying that for sure the US dollar will push all the way back
up to this weekly Supply located at 110. I'm not saying that's going to take place but what I am
saying is that with the momentum being to the upside like it is on the daily chart there's
really no evidence of the dollar slowing down yes like I said there is Supply coming into play but
we do have profit margin to the upside this isn't really good Supply in my opinion it is some sort
of selling but like I said there's really not a lot holding up price here it's not like we have
quality Supply Supply zones like this one that are going to hold up price so I think profit margin
to the upside long term is there now on the four hour chart you know really nothing has changed
we have a very consistent four hour uptrend if we pull back to this four hour demand at 104
21 we could definitely see a move off the demand Zone as long as it's within this trend line and
if we actually break Above This Supply that we are currently reacting off of at 105 and we are
left with new four-hour demand we'll have to see what happens at that four hour demand as well but
at the end of the day really no evidence that the dxy's really turning around at all the only
the only evidence we really have is the fact that the trend slash momentum in the daily chart is
very very aggressive so we could expect that deeper pullback like that to kind of give more
of a healthier uptrend if we are going to you know push up to like the 110 area like I said because
if if the dollar is going to push up to 110 like I said for price it just shoot straight up from
there and not have a healthy pullback is very very rare so that's kind of what I'm looking out for
in the dollar doesn't mean I'm just shorting the dollar but I am expecting at least some downside
pressure soon um maybe down to like I said for our demand so as long as the uh four hour and
the one hour Trends are to the upside I think day trading uh Longs in the dollar are fine
and once we start to break trend on the one hour chart we need to be trading with caution so that's
what I'm thinking about um here on the dxy all right on to the euro and I would appreciate a
like And subscribe if you are new to the channel and looking at the weekly chart here of the Euro
remember we aren't to this weekly buying area we did initially react off of it but pushing in
pretty deep so safe to say that this is this all this demand is really used up so really
nothing of quality here that I'm really seeing here on the Euro as far as trading it goes now
looking at the four hour chart we do have this Supply above at 1.07 we could definitely see a
move off of that four hour Supply zone right there if we push up higher to this supplies in a 1.084
we could also see a move off that Supply Zone even the one a little bit higher as well so really
um you know three decent looking Supply zones here on the Euro US dollar that I'm seeing in
the four hour chart now I always advise um when a four hour chart is trending I
advise looking for like 50 minute or five minute confirmation so if price does pull up to any one
of these zones that's where you switch down to your lower time frames like a 50 minute chart
um or a five minute chart and then look for confirmation coming off of the these
zones like that in the lower time frames and what that does is it kind of Narrows down
um your entry to to a a smaller amount of Pips and you kind of maximize it so instead of taking
you know the whole Zone like this you could maybe look for trades on a lower time frame
and get a smaller Zone and get the whole move and it just increases your risk reward so that's why
I'm thinking confirmation could be better so look at these zones only for our chart of the Euro and
that's pretty much all I'm seeing and for Longs I'm really not seeing anything for Longs I'll
be quite honest um since the man is in control we could look for Longs if we get a significant
shift of momentum on the four hour chart that'll probably be for next week's video if that takes
place but for now as long as we have the four hour downtrends it's day trading shorts all
the way here on the Euro US dollar all right on to Gold if you look now on the daily chart
here we reacted nicely off the downward trend line instead very obvious and clean downward
trend line it doesn't mean that we're gonna push all the way back down but if you guys have been
following me for a while we have profit margin to the downside to about 1870. so I think this
is still the move we could see on gold like that we could tap into this weekly area of demand but
so far the evidence is in that we are going to be doing that because we have Supply zones
um in control that's holding on the one hour chart we have demand Zone that's currently holding up
price so what I want to see for those shorts is this demand removed that would give us a pretty
nice looking one hour downtrend at that point we could look for shorts to trade down to like 1900
or the 1880 or 1870 like long long term so that's pretty much what I am looking for here on gold as
far as zones go now there's really not a lot going on like even on the four hour chart tested Supply
Zone we've already got a beautiful reaction off my supplies one I've had drawn since all the way
back here so that's someone's already been used up really not I'm not gonna I don't feel comfortable
pointing out any you know poor looking Supply zones for you guys right now because I'm really
not seeing any zones and that's a huge reason that I have the diamond membership because you
guys can get my daily Market breakdown videos that I release daily throughout the week that
I point out all the important zones as you can see there's tons of trade reviews here from the
daily Market breakdown videos and go onto my Instagram and check it out yourself under the
trades highlights tabs but tons of Trades would be happy to see you guys in the daily Market
breakdown videos to potentially get trades like this and as always I'm looking for serious Traders
serious traders who want to learn because I also have video lessons A to Z where you can learn
more about supply and demand trading so check it out if you want the daily Market breakdown video
because like I said guys we're not always going to get zones throughout the week like I pointed
out earlier on this one hour chart we're not like we're not always gonna get zones on Friday right
so right now there's no Zone but on Wednesday if we break below this Zone we have a one hour Supply
Zone that's valid and the daily Market breakdown video say hey look we have a valid Supply Zone
like that and we can look to get in short that's what you see in those trades that I pointed out so
um check it out links in the description down below and as far as gold goes now like I said
really not much going on gonna have to report on this one uh kind of throughout the week uh to
see if we break this one hour Supply Zone to see if the overall daily trend is going to continue
down on to the USD JPY we have a very significant weekly Supply Zone in control right now we pretty
much call this move out all the way to supply at 146.6 we definitely need to be trading with
caution here around this weekly Supply because the big test is going to be really on the whole
US dollar in general but the big test is going to be will we break this Supply Zone break the High
create a very beautiful looking weekly uptrend I really hope that's what happens here in the usdn
um we really have no evidence that that's taking place right now because if you look on all four
time frames here momentum is clearly just up daily charts up four hours up we have one hour
demand zones kind of being respected but kind of not a little tricky to trade this one right
now the only real zone I'm seeing is this one down here at 145.51 we could see a move off that
zone especially since we've kind of proven there is demand down here like that so as long as it
doesn't take too long to get down to the Zone like this as long as we get to pull back deep right
there that would be the Zone I would be looking at at 146.51 as we have those higher time frame um
Trends to the upside now with that Weekly Supply and control some of you might want to be getting
in short which I understand I'm I'm personally not doing that just yet but for shorts what we need
to see at minimum is something like this where we actually break this demand and we break the upward
trend line and then if you have four hour Supply there that would be your confirmation short trade
I remember I have video lessons on that in the video Lesson series on confirmation trades how
to take exact confirmation trades like this so that's pretty much what I'd be waiting for for
shorts here in the usdn for swing tradings even day trading time frames because look yes supplies
and control but we're really not seeing any evidence of this thing slowing down so for Longs
we want to wait for this demand for shorts we need to see a significant shift of momentum here
um on the four hour chart because I'm really not seeing any potential um shorts at all um
so what I'm hoping happens here for Longs for me is we get another significant push-up on the one
hour chart and we can look for pullbacks to for Longs on the one hour chart so as far as
day trading goes on the Yen day trading loans 100 swing trading Longs still on the table for sure
um as long as we have the four hour and you know the one hour trend of The Upside all right on to
the GBP USD really quick do you think this weekly demands on at 1.25 is going to hold
do you think we will react to it positively or do you think we're going to break to the
downside let me know in the comments down below so with the weekly demand and control you got
it we could be looking for those uh for those long trades now there's really two options here
um for longs the more aggressive route for an entry would be something like this on the four
hour chart where we break four hour Supply Zone and we have four hour demand that will be your
confirmation trade like that as you come off of demand the safer bet would be something like this
where we can remove not only the supply but also the downward trend line that would be the better
looking confirmation so if you get something like that that would be your confirmation
now if you think we're actually going to continue to go lower for day trading shorts
we really only have this supply of 1.254 so we could see a move off that Supply zone so
if we do pull up this Supply and you say hey I don't think we're gonna get the confirmation
like this and you want to trade short well this is your supply and you could be looking for day
trading shorts off of that Supply at 1.254 now you're more conservative um confirmation entry
would be on the daily chart here so if we can get some sort of move like this to the upside
um where we break daily Supply and we're left with daily demand and we get something like this then
we can start to look for Longs in the daily demand to potentially get the move to the upside as we
come off of the weekly demand zone so I know that this could take you know this whole move could
take really till November to play out but I'm just kind of trying to give you guys an idea of what
could be taking place in the future and that's why you guys should also keep continue to tune in week
after week so you can see these potential moves uh play out and see you know how I did so that's what
I'm really seeing potentially happening in the long term I'm not saying it's going to happen but
I'm saying if I wanted to swing trade along the pound that is like the safest bet for something
like that to take place here on the daily chart and as always if you think we're going to go down
The Daily Supply is also valid so we could look for shorts off of that daily Supply 1.257 so it's
really whatever you think is going to take place and it's look I'll be honest It's Tricky on the
patio where's price going I remember I remember getting a comment a while ago from a guy saying
I hate how your forecasts are it's there's no it doesn't tell us the exact what exactly do which
direction well I'll be honest It's Tricky weekly demand is in control which is a sign that you know
price could be pushing up off of weekly demand because it's a higher time frame but there's
really no upward Trend here yes momentum is to the upside but the overall move is kind of just down
so it's essentially it's just sideways so it's very very tricky if we had a consistent and clean
weekly uptrend like this and we were pulling back to weekly demand I would be saying it's Long's 100
I wouldn't even be looking for shorts but also like I said for shorts here on the pound if you
wanted to it would be on day trading time frames only so you can always get day trading shorts on
the higher time frame demand Zone we just be trading with caution so like I said as far as
the pound goes focusing on the four hour supply for the day trading shorts and for confirmation
when you start seeing some Supply zones removed at least on the four hour chart all right on to the
USD CAD on the daily chart here just want to point out we still have profit margin up to 1.371 this
purple Supply Zone that I have um on my charts now the real question is are we going to push
up to supply first or are we going to Rally back down to daily demand and then push up to supply
that's really the question right now in order to find out what's going to happen we need to look
at the lower time frames and if you look there's really no evidence of anything taking place right
now because if you look on the four hour chart we have a beautiful looking four-hour uptrend um with
you know not only a trend line that's intact but we also have demand zones being respected multiple
times so we have a very very nice looking for our uptrend if we can get something like this to take
place leaving us with four hour Supply remember I will have this Supply zone for the members on
my charts and in the daily Market breakdown videos that would be your potential short trade like that
on the four hour Supply Zone as we potentially push down to that daily demand Zone that I was
pointing out earlier so this is the move that is possible but it's not on the table yet as it
hasn't really taken place yet so it's we're not just going to hop on short here we need to see
the evidence of that's taking place and as far as the long is going now I'm really not seeing
anything but if you look only one hour chart we have one hour to Mana control this is the
Zone I had for the members for a while now uh since all the way back here with that demanded
control we could be looking for those day trading Longs like this to catch the move up to 1.36 so
with the demand being controlled it's day trading Longs all the way here on the USD cab but remember
um we could be getting that pullback down to daily man like I said there's no evidence of
that taking place yet but we are starting to see price pull back a little bit so if we start to
kind of break the trend line and the demands on the four hour chart that could be a sign that
you know maybe hey we're going to be pulling back down to this daily demand and we can catch that
move you know on day trading time frames down to 1.355 shorts on to the Aussie US dollar I want
to keep my four chart layout here open and kind of just show you the Dilemma that we are having
here if you look at a weekly chart which is my top left corner my top left chart you can see we are
into weekly and monthly demands on right now but the overall momentum is to the downside and even
on the daily chart it's more clear we have a very powerful daily downtrend I don't really want to be
trading against that downtrend so as far as Longs go we really really need a significant change in
momentum before I even consider getting in long so that would be something that would consist
of something like this on the four hour chart leaving us with four hour demand that would be
your confirmation trade to the long side even that's a little risky so as far as the Aussie
goes dollar goes I think it's shorts all the way with a four hour downtrend right now that you can
see we have four hour Supply above we could look for shorts off that supplied zero point six four
five that's really the only four hour Supply zone I'm seeing and if you want to jump the gun
a little bit earlier we have Supply at 0.642 on the one hour chart and with this one hour demands
on being in control we have already seen the reaction to the upside almost to the supply Zone
um so with the the demand being in control right now we could again see the move up to the supply
where we can potentially look for shorts if not we have a supply above as well in the one hour
chart that's embedded inside of four hour Supply as well so two pretty clean Supply zones here with
demanding control we could see the push up so if you want to jump the gun and be a little bit more
of an aggressive Trader that's fine with the one hour demanding control we could be looking for a
day trading along as well but remember this area is very tested so it's not really the you know the
highest odds to be trading the odds of US dollar right now but me personally with the downtrends
um on the daily chart and momentum overall being down and tested demand I'm personally looking
for shorts here on the Aussie US dollar so really just wanted to wait patiently for pullbacks up to
supply zones or if new one-hour Supply zones are formed we could look for shorts in there as well
onto the USD Swiss very very tricky one right now I am bullish the US dollar but I'm bearish the
USC Swiss just based on the overall downward Trend weekly Supply and control we could definitely see
them move off of the Zone but really no evidence of that taking place just yet um if you look at
a daily chart really what we could be looking for you want to look for shorts we have Supply
zones here in the daily chart we could see a move off of that if you think we're going to continue
to push up I would really just feel comfortable waiting for this daily to manage 0.88 and then we
can look for Longs off of that daily demand now if you want to be a little bit more aggressive I mean
this four-hour demand zone is inside the daily demand anyways but we could look for Longs in this
four hour demand at 0.884 as we have this four hour uptrend looking pretty strong but looks like
we are kind of due for a pullback so we could get the pullback but then in the day four hour Trends
looking strong one hour Trends looking strong on the USB Swiss it's Longs all the way here on the
USC Swiss even though yes I I have to kind of be bearish based on the weekly chart I'm just
really not seeing evidence of of the weekly Supply holding I mean like you said in the daily chart we
already had a supply Zone removed the next test will be the supplied 0.896 on the daily chart to
see if that breaks so definitely tricky right now in the Aussie or on the USC Swiss so confirmation
might always be best last but not least crude oil gonna start from a weekly perspective here I want
to point out this weekly Supply we have Supply and control we could see selling start to take
place at you know 87.25 where we are right now on oil so just want to point out this top-down
perspective here weekly Supply is in control so we could expect some downward pressure we have not
seen really any evidence of it yet we have kind of seen it you know on the one hour chart if you look
in the bottom right you can see the one hour chart we did actually lose momentum to the upside right
here as you can see so if we break this one hour demand and this this low right here we'll have a
one hour downtrend that could be evidence you know hey maybe maybe oil is actually going to pull back
off of that that's a weekly Supply but at the end of the day Trends are looking very strong daily
uptrend very very strong right now so really don't want to be messing with oil too much right now
um there's a little bit of evidence that we're turning around price is kind of going sideways
we are kind of due for a pullback so if we get a pullback down to 8430 we could look for Longs
off of that demand like that or if we break up to the upside in the four hour chart that could be a
sign that hey maybe maybe the weekly Supply isn't going to hold um so if you break this Supply and
if we're left with new four-hour demand we could be looking for Longs in that demand as well so
I have a tricky one right now where yes we have a daily uptrend we have a four hour uptrend so day
trading Longs are fine but with the weekly Supply and control we could see that downward pressure
start to kind of kick in so we need to be trading with cautionary maybe half risk at least until
maybe we can break halfway through the supplies on or something on the weekly chart but at the
end of the day daily uptrend four hour uptrend it's definitely continuing to look for Longs but
maybe using confirmation or half risk and then like I said if we break the low in the one hour
chart start to break down we can potentially look for those day trading shorts here on crude oil
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