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
caught report the past week the banks got rid of 2 300 longs and they also got rid of 8 800 short
positions and remember if you do want this car report the link in the description is to patreon
you can get it there so definitely check that out if you want the spreadsheet and looking at
the daily chart here of the us dollar it's pretty clear that this uptrend is very strong right now
i think it's very possible that the us dollar does actually just end up pulling back to this
demand and i think if it does i don't know if this demand zone will actually hold in the daily chart
i think it's possible it'll spike through and then go up but also if you look at the four hour chart
over here i think something is very significant is happening if you look we have clearly we lost
momentum on the four hour chart and that's why in the daily chart you saw the big red candle
but clearly we've lost momentum and we're actually reacting off of one of my supply zones right now
so i think we should be watching this four hour chart if we continue to see downward pressure
it's most likely we're pulling back to that daily demand that i that i showed you guys earlier but
if we actually break through the supply and make a new high here we will have that four
hour uptrend and then i think it's safe to say the us dollar will continue up but until that
happens i don't really know what to do here on the dollar i think it's just a waiting game right now
to decide what direction it's going in all right euro usd forecast the past week the institutions
got rid of 23 000 long positions and they added 33 000 short positions so pretty significant i'm
not 100 sure what's going on but i just like to look at the charts and use the cal report for
just a little extra and if you look at the daily chart here we clearly reacted off of this demand
we're pushing up but i think it's always important to get a bigger picture perspective so if you
look at the weekly chart here we have that weekly downtrend we reacted beautifully off of my weekly
supply zone right here and we're pushing down so i do think looking for shorts is probably still the
best thing to do on the euro obviously the year on the us dollar index they go in the inverse
of each other so i think it's best to wait for that daily supply like i said in the us dollar
to be removed before taking any trades along the dollar so if you're looking at short euro
you're technically going along the dollar so i think it's best to actually wait for this
four-hour downtrend to continue before looking at looking to possibly get a short entry or if you're
feeling a little more risky and you want to get involved now which is completely fine there's a
nice one-hour demand zone right here that i've had drawn right here and we reacted nice off of it now
right here so if this demand zone gets removed then i think if there's a one hour supply zone
here you can look to possibly get involved right there like that but it might also be
best to get this demand zone and this demand zone more importantly removed both uh before hopping in
short so a little risky trading the euro right now i definitely would not be going in long
based on this weekly downtrend and shorts might just you might have to wait a little bit longer
for shorts and wait for the four hour and one hour downtrends to continue all right looking
at gold and quickly i just want to show you guys and give a shout out to raj who took a nice trade
off of one of my supply and demands ones here so congrats to raj taking a nice confirmation trade
here off of one of my zones and remember if you do want my zones check out the youtube or patreon
membership links in the description for only five dollars cad per month you can get zones like this
and it can definitely help you in your trading so i hope to see you guys join the team
and looking at the car report for gold past week the institutions got rid of 3 700 longs and they
also added 16 000 short positions but the charts are more important in my opinion and we're still
reacting off of daily demand and we're pushing up so gold i think it's kind of a weird situation on
gold technically weekly demand is in control so longs are probably more preferred right now
there was a little four hour trade here but that wasn't a great looking zone so gold right now i
actually would kind of stay away until we get a significant push up because your confirmation on
gold now if you're looking to get it long would be the removal of this supply zone so i mean if
this does happen leaving us with four hour demand right here that could be a nice little long entry
on gold there other than that i really don't really see too many opportunities in gold right
now i think it's actually best to wait for that four hour supply uh to be removed first and like
i said uh shorts are a little risky based on you know we're in daily demand and we just reacted
off of weekly demand so yes it's very likely on the weekly chart we continue to push down on gold
it's not very likely but it is possible so i think right now it's best to actually just wait
it out on gold usd jpy forecast the past week the institutions got rid of 7 900 longs and they added
13 975 short positions i was talking about usd jpy for a long time i've been constantly saying longs
are the best thing to do it looks like we couldn't pull back to this weekly area of demand here
but if you look on the daily chart or sorry the weekly chart the weekly chart is still looking
extremely strong so i would still be looking for longs on usdn there's a couple things here
we did lose momentum on the four hour chart with the removal of this demand and this demand
and we actually just removed these two little supply zones right here so it's looking strong
again on usd jpy i think it's best to wait for this high to be removed first which would leave
us with that four hour uptrend i think that's the highest odds thing to do but also if you like to
trade the one hour chart it's a little one-hour demand zone right here now i do recommend looking
for confirmation in in this one hour demand zone on a five-minute chart so basically you'd hop
down to a five-minute chart and then look for demand zones to be formed and then look to get
along on the lower time frames just confirming that this demand zone is indeed going to work
if you don't know what confirmation is check out my tips playlist links in the description
i do have a few confirmation videos so that's the more risky entry but ultimately i think
it's best to wait for that four hour uh uptrend to continue but you know at the end of the day usdn
is looking very strong and the weekly and daily trend is still going strong remember if you are
enjoying this video make sure you guys hit that like button would be much appreciated to help with
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that subscribe button would happy be happy to see you guys here in the next forecast so looking at
the pound cut reports here the past week the banks got rid of 5200 longs and they also got rid of 10
489 short positions if you look at the weekly chart i'm starting on the weekly chart here to
show you the overall perspective of the pound it looks very weak on the long term outlook on the
weekly chart if you come to a daily chart here we had the continuation of this downward trend
this week and we actually got left with a daily supply zone right here now i've talked about it
in my past forecast where if price is coming up to a supply zone right at a downward trend line
i usually like to stay away from a zone like that or at least look for very good confirmation
and so i think we could see a spike up and then a move down if we end up pulling back
but obviously since the daily trend and weekly trend is down we could see this the pound
uh continue to roll over so let's go down to the lower time frames for now
if you look at the four hour chart we've clearly lost momentum buyers kind of picked it up here
but i think it's more than likely we'll actually see it push down so if we see a break of this four
hour demand zone leaving us with four hour supply that would be a nice little four hour supply zone
to possibly look for a confirmation in so that's what i would be waiting for here on the pound
and as always if you're looking for that more risky entry there is a one-hour supply zone right
here but i only recommend looking for five-minute confirmation coming off of that supply zone
and let's say if that one doesn't work you don't get the confirmation but it keeps pushing down and
we break this demand zone there's a one-hour supplies on there you can do the same thing
in that uh one-hour supply zone as well so the pounds looking pretty decent here might just need
to wait for a pullback or wait for some demand zones to be removed the usd cad forecast the
past week the banks got rid of 7 000 longs and they also added 17 000 short positions the daily
chart does not look great on usd cad if you are in long i would target right before this daily supply
but this daily chart just not looking great on usd cad it is strong overall we are trending
up but we actually just reacted off of this weekly supply over here so because i just see the usd cad
uh fall down just a bit just like we had right here when price reacted off perfectly off my
weekly supply and push down to my weekly demand so i think we could definitely see some downward
pressure here on usd cad but at the end of the day if you just want to trade along with this
weekly and daily uptrend i think that's completely fine there are a few little mini setups i see here
there's a four hour demand zone right here and if price has come down to this demand zone you could
definitely look for a 15 minute confirmation long trade in this four hour demand zone
that's pretty much all i see right now and instead or sorry other than this one hour demand zone
right here so in this one hour demand zone you could look for five minute confirmation coming
off of that but i think if we do pull back to here i think it's likely we will pull back to that four
hour demand zone where we'll probably get a better dip buying opportunity so at the end of the day i
think it's best to wait for this four hour demand to be removed or sorry four hour demand to be hit
and then look for a long trade but like i said earlier weekly supply is going to be in control
so risk should maybe be half risk if you're looking to get it along at this time aud usd
forecast the past week the banks got rid of 60 long contracts and they also got rid of 4 700
short contracts starting off on the weekly chart here just want to show the overall perspective
we have that weekly downtrend we just removed this significant weekly demand but if you look
we're at low rate we're at the low of price right now so that's why we are seeing a move up buyers
are picking it up but the overall trend is down remember that so looking at the daily chart here
as you can see more clearly we are at the low so that's why we're seeing this move up but i think
that weekly downtrend will continue and we will end up breaking this low that is just my opinion
but if price does come up to this daily supply you could look for a one-hour confirmation coming off
of that daily supply zone there or there are a few more riskier setups here there is a one-hour
supply zone right here you could possibly look for you know a little five-minute confirmation trade
coming off of that one-hour supply zone or if you look here on the four hour chart there is and it's
going to be about 20 minutes from now but i'm going to draw it right now there is going to be
a four hour supply zone right here so if you want to look for a 15-minute confirmation trade short
on the 15-minute chart if you're looking at a day trade that would be your four-hour supplies on
where you would start to look for possible short positions and like i said i don't really recommend
getting in long yes we just had a nice long up move but if you look at the you know the overall
trend on the weekly chart here all the most of the money was made to the downside here right
yes there was some money to be made on the upside but overall trading to the downside was a little
more profitable and higher odds that's why i always like to trade with the overall trend
which is why i show you guys the weekly chart usd chf the past week the banks got rid of 7 600 long
positions and they added 1682 short positions first looking at the weekly chart here just want
to show you guys that weekly supply is in control but it's a weekly uptrend so this is why trading
can be so confusing uh using multiple time frames but it's also very important so if you look here
we have a daily demand zone that we're actually sitting inside of right now you could look for
a one hour or four hour confirmation to the long side to hop in like that that's one option
i just don't really like it for shorts it's it's too obvious we could range like this for a bit
as well ultimately i think looking for longs in this daily demand is probably the best thing to
be doing right now even though weekly supply is in control the thing is weekly supply is in control
we've actually reacted off of it once twice three times and four times now and not only that we are
in that weekly uptrend so this one trading like i said can be very confusing um you just have
to kind of go with the higher time frame trend and that is up right now so i think looking for
potential longs on a one hour chart is fine there is a one hour demand zone right here
but the problem with this demand zone is at the low i'm just not a huge fan of it so if you do
want to get involved here five minute confirmation would most likely be needed because it's very
possible we wick right through like that and get a little liquidity hunt right here and then move
up so confirmation is certainly going to be needed here on usd swiss but i think longs are definitely
the highest odds thing to be doing right now all right oil forecast the past week the banks got rid
of 14 455 long positions and they also added 10 855 short positions now i talked about this daily
supply here and all the forecasts all the way down here i said you could be trading along up to this
daily supply zone and definitely look to take profits you can see my target here at about 120.
so that is why we are pushing down here on oil we reacted perfectly off of my daily supply zone
so remember the weekly trend on oil is overall up but we're just seeing a little
down move here so i think oil could continue to go up in the long run but clearly we're seeing
supply zones being respected as you can see one of my four hour supply zones here worked
out very nice it was probably a good four to one five to one trade so i don't really know what to
do here in oil to be honest you could technically be trading this one hour downtrend you could start
to look for you know five minute setups like this and there's actually a little one-hour supplies on
here i did not recognize so i'm going to draw that out right now for the members so there's a little
one-hour supplies on right here and we could see a reaction from it we already did kind of see a
small reaction you could definitely look for a five minute confirmation trade to the short side
so i think it's one of those times where yes you know this overall weekly trend is
up but at the same time as you can see here we're seeing a move down so any date any short positions
should only be taken on like a five minute or a 15 minute chart at max um because at any
time this daily chart could start to you know turn around and then break that supply and move up move
back up and that's just the beautiful thing about multiple sequence analysis and i should be making
a video on that soon if you guys are watching right now let me know if you'd like to see a
video on multiple sequence analysis 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