will weekly demand hold on the Euro US dollar this week let's find out in this week's Forex
forecast all right starting things off with the forecast for the dxy uh first things first we are
reacting off of weekly demand I've been pointing this out in the last couple forecasts so weekly
demand is in control now if we go down to the lower time frames I also point out in
last week's forecast that we lost momentum to the downside by removing this Supply and it actually
left us with this demand at 101.73 so my opinion the dollar is looking somewhat strong especially
if we come over to a four hour chart right here you can clearly see we have a very consistent
and clean four hour uptrend not only that a four hour demand was in control here and we actually
rallied up but one thing is taking place that's very important that I want to show you guys so
definitely pay attention to this if you look at a one hour chart you can clearly see we had
a pretty nice one hour uptrend but we actually broke below the trend line here with all these
candles so on the one hour chart which is the lowest time frame I personally like to go I am
noticing that we are losing momentum to the upside and the only way a um like a four hour uptrend or
a daily uptrend can turn around to start to go back down is if we start to see lower time frame
Trends start to change and that is what we are seeing in this price action right here and now
we are starting to see it on the bigger picture on the one hour chart as well so I'd be very careful
um trading the US dollar this week because of this situation although technically we still have that
four hour uptrend so Longs are still making sense on day trading time frames but this is
just something to consider uh as we go throughout the other markets this week is that we are losing
momentum to the upside on the US dollar at least on the day trading time frames but I I wouldn't
be that worried if you're looking for Longs in the US dollar the only moment I would start to worry
is if we start to see the this four hour demand and this four hour upper trend line start to be
removed at that point I would start to become a little bit more bearish on the US dollar as far
as swing training time frames go all right Euro US dollar forecast now I I pointed out in the intro
of this video that yes we are reacting off of this weekly Demand on the Euro US dollar now there is
macro reasons on the macro charts to point to the reason why we could be seeing the Euro push even
lower just based on a longer picture um Trend that I'm noticing so it is definitely possible
we do break down to this weekly demand not this week but you know over the next couple weeks or
we move back up to this three-month area of supply and then push down so it's we're really gonna have
to pay attention to the lower time frames and just like the opposite of the US Dollar on this
one hour chart we had you know that very clean one hour downtrend and we actually removed the
downward trend line right here and left us with one hour demand so if price does pull back to
this one hour demand if you want to hop in Long five minute extra confirmation will be needed
um to the long side so day trading long in that One Hour Air of demand is definitely a little
bit aggressive but certainly definitely possible what I'll be waiting for to see is something like
this where we actually have this downward trend line here on the Euro US dollar and a downtrend
and what I'll be waiting for is I want to see what happens on this four-hour chart we either
are going to break this four hour downtrend and this four hour Supply and start to move up to
the upside or we're going to obviously continue to push down and hold this trend line in this
Supply so what I'll be interested in is if we do get a four hour demand here that is responsible
for removing this downward trend line and Supply if we're left with this four hour demand I will
have that on the chart link for the members and price will push down to here if that does take
place and we can potentially look for Longs and they're coming off of that four hour demand if
that happens or we either going to continue to push down on the Euro we will have to monitor
what happens on the four hour chart right now but other than this one hour demand Zone that
I pointed out I'm not really seeing any setups on the Euro US dollar we're just gonna have to
either wait for a four hour confirmation long or potentially wait for daily demand to be removed
to continue to trade short gold forecast like I pointed out in last week's forecast we are so
close to hitting this weekly demand Zone at about 1811 and I do believe we'll probably contact this
demand Zone and whether we move up from here or not or we just break down we'll have to discuss
it uh when price does do that if it does so I am expecting gold to continue to push down to
uh weekly to Mid where I think that we could see the large player start to build a long
position again back up to this weekly Supply in 1943 so definitely be cautious of getting
in Long on gold right now because I do believe we will probably continue to push lower and I
actually pointed out this one hour Supply zone for the diamond members would have been a nice
trade-off of that so here's me pointing out this zone for the diamond members where you should be
looking to take profit there is this one hour demand Zone at 1845 you could look to day trade
confirmation shorts coming off of that one hour Supply so as you can see I recorded that in the
daily breakdown for the diamond members and as you can see what a beautiful reaction off
of this one hour Supply Zone we're pushing back up to it now and we lost the trend so the supply
zone is no longer valid so if you do want access to those daily breakdowns definitely check out
the YouTube or patreon membership as you can see on the screen right now we have multiple options
there are four options whatever price point suits you try to keep it as low as possible so if you
want to level up your trading and use my daily chart analysis and join the team be happy to
see you guys join the team check it out links are in the description down below if you have
any questions please let me know so as far as trading gold goes now if you do believe we are
going to go up you could look for extra five minute confirmation long coming off that one
hour demand but it is aggressive and like I said I do believe we will continue to push down on
gold to that Weekly demand at 1811. so as far as trading it goes now there are really two options
um I'm not a huge fan of shorting I'd rather just wait for weekly demand and go in long but if we do
push up to this four hour Supply at 1910 you could look for a potential short trade uh back down
there but I'm not sure if that's going to happen I personally think we will react off weekly demand
first and if that does happen if we do react off weekly demand first this four hour Supply becomes
invalid at that point so we need to hit that zone soon or else it's really no trade short or if this
takes place on the one hour chart if we break back down and we break this one hour demand and
this low we will have a new one hour downtrend and at that point we could potentially day trade short
down to 1811 so there's really not a lot of profit margin down to 1811 at that week in demand but
that's why I said day trading short is really the only thing that makes sense here on gold down to
1811. USD JPY forecast looking at the four chart layout here um it's pretty clear that it looks
very similar to the dxy where we have that we had that one hour uptrend but we lost momentum here by
removing the one hour uptrend so just keep in mind we are losing momentum to the upside so long as we
definitely have to be very cautious but at the end of the day we still have a pretty clean four hour
uptrend so if we start to break out up again and start to break the recent high on the four hour
chart the one hour chart there then at that point we can start to look for set forget trades to the
long side again but like I said we need to see the Trends on the lower time frames continue up
and uh as always if you are looking too short I like to accommodate for both sides
um the only thing I'm really seeing for shorts is this one hour Supply Zone at 134.482 so if
you push up to here you could look for that extra five minute uh confirmation to the downside for a
potential day trade short but that's all I really think is possible as far as swing trading goes
which is what I do I'm not seeing anything and uh that's looking great in here um I kind of think
that the the US dollar is going to continue to go up but whether or not we you know we make a bigger
pullback and then go up or we just continue this four hour Trend up that is why we need to wait
for the hot the most recent High to be broken before we just continue buying because like I
said we are seeing uh evidence that the lower time frame Trends are starting to turn around all right
looking at GBP USD and in last week's forecast I pointed out this daily of Supply daily area of
supply and look at the beautiful reaction we had out that Supply Zone Picture Perfect basically
just Wicked into it and look at the move down so I just want to show you guys the power of Supply
demand and I also mentioned that in the private Discord group as well so now that daily Supply
is in control it's actually it's pretty much not in control anymore we almost have daily demanding
control that is how big of a move we've received down from that daily area of Supply so as far as
trading the pound goes now we have to ask you have to ask yourself do you think we will potentially
push down to this weekly air of demand at 1.16 and I think it's very possible we push down to
here for it to fuel up for a bigger move to the upside I think that's certainly a possibility
um but as far as trading it goes now we have to pretty much wait for fresh zones to take place
um and right now we do have a four hour downtrend but there's really no fresh zones in here so if
we do get a fresh Zone on the chart on the four hour chart you could definitely be using these
four hour zones to look for a potential short trade remember I will have all those zones for
the YouTube and patreon members no matter what membership level you are and if you want to
look at the one hour chart we need new one-hour Supply zones as well to be formed to potentially
look for shorts so that could take a while to play out right now we are seeing a little bit
of strength at least on the lower time frames at least in this sequence of trading so we're going
to keep an eye on that and see what happens on the pound here so like I said it's definitely
very possible we continue to push down to 1.16 to weekly demand or who knows we could continue
to push up I wouldn't even consider buying the pound just yet until we can get a very clean four
hour demand zone or a four hour uptrend all right looking at USD CAD remember we are at the Lowe's
um kind of near this weekly demand Zone on the top left screen over here we are
kind of at the lows of price so that's why we are probably seeing the USD CAD
start to rally and if we pop over to a daily chart here we had daily Supply I'm not going
to call this removed yet because it's such a large Wick um that I just don't really believe
it to be removed yet but this is certainly an indication that the USD cat is looking strong
now whether or not we break up to the upside is going to depend on what we see on the lower
time frames and one thing I'm noticing here on the four hour chart is we had a pretty clean breakup
we had kind of this overall range right here we actually broke above with all these Wicks and as
you can see uh basically liquidity stop out in my opinion and what it left us with is actually
this four hour demand Zone at 1.34 now this is a definitely a decent looking four-hour demand Zone
I definitely think we could see a reaction to the upside uh like that or who knows we could break
this demand Zone react off of this buying area or this buying area as well and push to the upside
so we'll have to see what happens um but if we do push down to this four hour demand and
you do believe USC CAD is going to go up this is where I in this demand Zone that's where I
would be looking for a 50-minute day trade to the long side so this demand zone is located at 1.344
and the bottom of the zone is at 1.3415 so this is pretty much the only setup I see on USD CAD
where we could look for a day trade confirmation long and I know I've been mentioning confirmation
a lot so definitely check out my tips playlist where I have a few confirmation trading videos
so that is USD CAD onto the Aussie US dollar very similar chart looking like the pound basically
where we kind of broke above and the question is whether or not we will pull back to this weekly
area of demand now if you look at a daily chart we did lose that momentum so in my opinion it's
pretty much day trading shorts on the Aussie US dollar and there was a perfect shorting
opportunity here at this one hour Supply Zone I actually pointed that one hour supplies on auto
members as well so as far as trading it goes now I'm not really seeing a whole lot we are getting
a little bit bullish so we need to wait for new one-hour Supply zones to potentially be formed or
if you're day trading on like a one minute or five minute chart that's fine just wait for like five
minute wait for like a five minute Trend to begin and then you can start to actually trade short
um to the downside so that's what I'd be waiting for and and the reason I'm saying short is because
yes the weekly momentum is up the overall momentum is up but we lost momentum on this daily chart
it's very clearly displayed here and not only that we have a four hour downtrend now so that's why it
shorts 100 right now at least on day trading time frame so that includes a one minute five minute or
a 50 minute chart like I said just wait for new either one hour Supply zones five minute Supply
zones or 50 minute Supply zones to potentially look for shorts and I think that you guys will
probably do all right with that based on what I'm seeing and based on the idea that I do believe we
could see a lot of downward pressure on the Aussie US dollar all right on to USD CHF very
important here we lost momentum on this daily chart by removing this Supply it left us with
this demand and we reacted perfectly off of my daily demand Zone that I had drawn in last week's
forecast as well so perfect reaction off of the daily demand Zone and now what is taking place on
the lower time frames is very significant as well I'm pretty sure I pointed out this four hour area
of demand in the last week's forecast I'm not 100 sure maybe go back and check it out but another
beautiful reaction off this four hour demand Zone and we actually have a four hour uptrend so when
we have a four hour uptrend it's day trading on uh lower time frames like day trading time frames
we are actually inside of this four hour demand zone right now it is basically three quarters in
almost breaking but there could be a reasoning for looking for a potential long trade on day training
time frames coming off its four hour demand so who knows we still have 50 minutes left in the
trading day at the time of recording this video so it could be removed and if it is by the time I do
apologize but I have to record this video right now so with that being said as long as we have a
four hour uptrend and four hour demand is holding I think looking for Longs is definitely okay now
as far as shorts go because the overall momentum on the weekly chart is down I wouldn't even
consider shorting until we can get a new four hour Supply zone so if we do get this demand removed
and we are left with a four hour Supply Zone up here or something you could potentially look too
short at that four hour Supply Zone but as long as we have this four hour uptrend and four hour
demanding control I think it's Longs all the way at least like I said on day trading time frames
all right last but not least on to crude oil and full disclosure I am long on crude oil and the
reason I am long is because we have higher higher time frame like macro chart three month demand
and control on oil right now and I do see a lot of profit margin at least to this weekly Supply 87.25
and longer term profits up to 105 and super super long-term profits up to about 110 120 a barrel so
those are my targets on oil in the long term that is why I'm starting to acquire Longs and oil now I
am I have taken some profits so it's pretty much a essentially a risk free trade at this point I will
break it down looking at the daily chart um we did technically remove this daily downward trend
line but I'm not going to call this downward Trend removed yet but we do have fresh daily Demand on
here we could Wick into this and push up but who knows we could actually break lower on oil break
this low stop everybody out of their Longs and then push up so there's a possibility my long
trades don't work I'll have to update you guys on that uh but I kind of jumped the gun on the
Longs but I think I'm pretty confident so as far as trading it goes now if you are bullish
you could look for Longs in this daily Demand on a one hour confirmation that is certainly one option
the second option is over here on this four hour demand zone now I did take a trade down
here at this four hour demand Zone luckily I got filled I pointed out in last week's
forecast and I also took a long on this four hour demand Zone and it's working out pretty good
um so far but as far as trading oil goes now we could look for a 15 minute day trade confirmation
to the long side coming off of this four hour demand because we've already kind of missed the
set and forget trade like I said I already took it I had an order sitting at this demand Zone from
since all the way up here so the the set forget is already kind of gone at that point so looking
for extra 50 minute day trade confirmation long coming off that four hour demand is is probably
the best thing to be doing here in oil at this time so that's pretty much all I see here on
oil either look for Longs in that four hour demand or wait for the daily demand to be hit and we can
look for Longs in there as well 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 cap per month hope to see you guys there and hope to see you in the next video