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 index
the past week the banks got rid of 1527 longs and they also got rid of
2061 short positions and looking at this daily chart here we still have this daily uptrend
it's very possible we do pull back to this daily demand where i think we'll actually break that
but for now the daily uptrend is still in play as well as the weekly uptrend so in my opinion
we should only be looking for longs in the us dollar yes we have lost momentum here on the one
hour chart the lower time frames that's why if you saw the daily chart we actually pulled back down
and you can see we lost momentum here reacted beautifully off of a supply zone so now the
indication that we should go long is the removal of this supply zone and so if there's left with a
four hour demands on here that would be a good indication if price comes down to this four hour
demand that we should be looking to buy the us dollar but right now the trends are still
in play in the higher time frames just need to wait for these lower time frames like the four
hour and one hour chart to start to turn around before hopping in long because it's very possible
this could be the start of you know a big downward move all the way down to this daily demand all
right on to euro usd and in last week's forecast i just want to show you guys a beautiful reaction
off my one hour demand zone and what i move up so if you hopped in long from last week's
forecast congratulations to you and remember if you want all of these zones and every single day
and all my daily chart analysis check out the youtube or patreon membership it's only five
dollars cad per month links in the description would be happy to see you guys join the team
and you know use my zones to catch trades like this or this one here so we'd be happy to see
you guys join the team like i said links are in the description so now looking at the daily chart
and the cut report for the euro the past week the banks got rid of 11 432 longs and they also got
rid of 1845 short positions we reacted nicely off this daily demand and remember the weekly trend is
down the daily trend is actually somewhat sideways here uh it's kind of doing the opposite of the us
dollar right now so in my opinion we should still be trading short this weekly downtrend so as far
as any setups go i'm not seeing a whole lot there is this four hour supply zone here and you could
have taken a confirmation trade off of the zone right here but if you see we almost reacted off
of it we reacted off of it once and almost twice so this zone in my opinion is pretty decent if you
do want to take a trade from this zone 15 minute confirmation is definitely going to be needed off
of that zone but that's really the only setup i see right here as far as a short on euro goes
and i would not be thinking about hopping in long until this supply zone is removed so if you get
this removed and as there's a zone right here that would be your four-hour zone to look for
confirmation in now remember longs are definitely uh hot or sorry less lower odds sorry uh based on
this weekly downtrend so any longs in my opinion should be taken with a little bit less risk maybe
half risk and shorts i think are completely fine to use full risk and like i said the only thing i
see is this four hour supply zone all right on to gold forecasts the past week the banks added 1523
longs and they got rid of 7 000 short positions looking at this four hour chart here you can
see we reacted perfectly off of the zone a few times so in my opinion i would not be shorting
gold until that is removed on the four hour chart let's look at the higher time frames really quick
just want to show you guys i pointed this out last week daily demand is in control so we could
easily see you know a nice up move from this daily demand so longs are longs are the higher
odds thing to be doing in my opinion now if you want to get in long i'm not really seeing
too much right now but if you do want to get along the closest signal i guess would be this one hour
supply zone being removed if there's a one hour demand right here that would be your daily or
sorry that would be your one-hour confirmation coming off of daily demand so it's pretty much all
i'm seeing here on goal it's just kind of choppy on the lower time frames but when it's choppy on
the lower time frames you've got to go to the higher time frames like the weekly and realize
weekly demand is in control and daily demand is in control so longs are definitely the highest
odds thing to be doing right now we just need to wait for that one hour supply to be removed first
usd japanese yen in last week's forecast i called up this one hour demand zone right here and look
at the move up from this one hour demand zone just wanted to show you guys this so if you hopped in
long from there congratulations to you what a move up an easy you know four to one five to one trade
so congrats to anyone who got involved there now looking at the car reports for the usd japanese
yen the past week the institutions got rid of 7 800 longs and they added 3 400 short positions we
still have this beautiful daily and weekly uptrend so in my opinion like the theme of usdn for the
past couple months has been longs longs longs so as far as setups go to the long side right
now i am not seeing too much at all we have lost momentum on the four hour and the one hour chart
so i would not be going in long until this four hour supply is removed i would not be shorting
based on the weekly and daily uptrend so like i said to keep it very simple and straightforward
for you guys once this four hour supply is removed let's say like this and we have a new four hour
demand right there that would be your four hour demand to look for a confirmation trade inside of
so that's pretty much all i'm seeing here on usdn i don't want to over complicate it that's pretty
much all i would do to wait for a long trade on usd jpy all right gbp usd forecast the past week
the banks got rid of 873 longs and they also got rid of 3 200 short positions remember the daily
and weekly trend is down so shorts are definitely the highest odds thing to be doing here on the
british pound we have seen that pullback here in the daily chart which means that the lower time
frames like the four hour and the one hour uh have lost momentum and are going up so the greatest
indication that price is going to go much lower and continue with that weekly and daily downtrend
is the removal of this demand zone so once this is taken out whatever four-hour zone there is a good
zone to look to get involved with to the short side until then i wouldn't really be trading this
one because yes the weekly and the daily trend are down but when the trend changes on the weekly
chart and the daily chart it must mean that the four hour and the one hour chart start to trend up
so this could easily be the turnaround of the british pound but i'm not going to predict that
that's why i'm not going in long on the british pound just yet but at the same time you would like
to see you know demand zone start being removed which is the best indication like i said that the
weekly and daily trend are going to continue down so until that happens i would just be sitting on
the sidelines for the pound maybe what you could do is just set an alert right below that zone
and you'll be alerted when that zone is broken and then we can start to look for shorts usd cad
caught report the past week the banks added 4 800 longs and they got rid of 14 000 short positions
now i always like to start off with the weekly in the daily chart here the weekly chart and the
daily chart are both trending up so definitely keep that in mind as we go through usd cad
so since those charts are trending up now we then go down to a four hour chart here
and as you can see we've the theme of the video is we've lost momentum on the four hour and one
hour chart compared to the daily and the weekly trends so we've clearly lost momentum here so
to keep it really simple i would not be going in long until this four hour supply zone is removed
that would be a great indication that price is going to go higher yes you could technically
look for a 15-minute confirmation trade coming off of that four-hour supply zone i think that's
fine but since the weekly and daily trend are up i would definitely only be using like half risk
on a zone like that and a trade like that and i would definitely be looking to take profits like
two to one maybe one to one just based on the weekly trends so to keep it very simple
trying to keep it very simple this video wait for this supply is going to be removed
and that's the indication that you know the weekly and daily trend are going to continue much higher
aud usd in last week's forecast i pointed out this four hour area of supply just wanted to
show you guys the nice move down so just wanted to show you guys that supply demand is very powerful
now my forecasts are you know pretty decent just wanted to show you guys
you know i guess i'm bragging i guess but just you know i think it's important to show you guys that
the supply and demand zones work very very well and remember check out the youtube and patreon
membership so looking at the car reports here for the aussie dollar the past week the banks added
a whopping 85 longs and they got rid of 2 500 short positions there are there's no daily trend
we were kind of trending down here but then price ended up moving sideways we held this low so on
the daily chart there's not really a trend so this pair is just not looking great for potential trade
setups and as far as you know actual setups go i really don't see much like like last week i called
out this four hour supply zone but we already reacted off of it and we already got a trade off
of it so there's really not much to go off of here technically there is a decent little one-hour zone
right here you could look for a five-minute confirmation coming off of that demand zone
um but you know the lower time the higher time frames like the weekly chart is definitely telling
me shorts are the best option but as far as shorts go i just don't see you know any potential trade
setups so if price comes down here you break this low whatever supply zone's there i'll have out for
the members and you guys can take a trade off of that four-hour zone so that's pretty much what i'd
be waiting for in the aussie dollar i know this forecast has been pretty boring and you know not
uh super climactic based on there's not a lot of setups but that's the reality of trading right
i'm not gonna be one of those guys that just comes in here every week and says oh here's a
setup here's a setup here's a setup those guys are you know full of full of crap so
you know just want to be completely honest with you guys i'm not seeing too much this week
uh just kind of showing you guys what we need to wait for in order to look for high quality
high probability trading setups all right usd chf the past week the banks got rid of 874 longs and
they also got rid of 1200 short positions we have lost momentum here in the daily chart we broke two
daily demand zones but we have to kind of look at the weekly chart to get the bigger picture
outlook yes we have a weekly uptrend but weekly supply is in control we reacted off of it up here
so as far as trading goes in this pair it's extremely complicated to to decipher
where price is going i guess in my opinion price is going higher based on the weekly trend
but price on the four hour and one hour chart is all over the map i'm going to come out right and
say it i don't i don't think you guys should be trading this pair this week at all yes we do have
a one hour downtrend so technically you could be looking for you know five minute set and forget
trades to the to the short sign if you don't know what sudden forget trading is check out my
trading tips playlist links in the description i have a video about set and forget trading so you
could be looking for five minutes that forgets to the short side or if price comes up to this
uh one hour supply is on right here you could look for a five minute confirmation coming off of that
but that's even a little risky in my opinion based on the weekly uptrend so other than that i
really don't see much on the on usd swiss and it's probably best to actually stay away from this pair
all right crude oil the past week the institutions got rid of 20 000 longs and they got rid of 7
400 short positions we reacted beautifully off this daily supply zone and one of the
tier two members on youtube they asked me uh you know what i think about oil and where i
think it's going and that all depends on the time frame if you look at the daily chart here
we're just kind of going between supply and demand right now it's kind of all over the map
uh but we're clearly just ranging out right now and whenever price is ranging i usually do
not like to be trading it that is just my brutally honest opinion so with that being
said since we're in between daily and and daily demand and daily supply i really don't know what
to be doing here whenever that's the case i like to stay away technically there's a four hour
supplies right here you could definitely look for a 15-minute confirmation coming off of that
other than that that's pretty much all i see the weekly trend is up though that's very important
to remember so longs are definitely the highest probability thing so i would not be getting in
long until this supply is taken out so if you're looking to trade oil and you're not long biased
or short bias you're just looking for trades this four hour supply zone is the key zone
you can look for that confirmation short look to take profits somewhat early
let's say you don't get in a trade he never gets that confirmation but it breaks
and we're left with four hour demand well that's your confirmation that price is probably going
higher and that weekly trend will continue and you can hop in long and you have very
clear profit margin up to this daily supply so that's pretty much all i see here on oil
just gonna have to be a little bit patient and wait to see what happens around this
four hour supply zone 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