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 alright starting things off with the US dollar
cop report the past week the banks added 444 long contracts and they got rid of 560 short
contracts remember if you guys do want this car report spreadsheet it is available on my patreon
links in the description down below onto the weekly chart here of the US dollar clearly we
are continuing the down move on the weekly chart here it is looking very weak although there is
some sort of monthly buying that has taken place here so definitely watch out for that we could see
the US dollar rally coming off of that monthly buying area but in my opinion uh it's looking
pretty weak especially on the lower time frames on the four hour chart over here we clearly had
a [ __ ] the momentum but we reacted off my four hour Supply Zone and we pushed right back down
so the indication that I would look for uh to to prove that the US dollar is going to continue to
push down is this four hour chart if we can remove this four hour demand at 103.717 then at that
point I think it's safe to say that the downtrend will probably continue on the four hour and the
daily chart um and other than that I don't really see any possibility for the US dollar to continue
to push up I wouldn't even consider buying the US dollar until we can get this daily Supply taken
out at 106.285 so when that takes place then at that point I'll probably be bullish the US dollar
but until then I think we will continue to see the US dollar continue to push down to at least maybe
one on one 102 something like that in the meantime all right on to the euro USD forecast the past
week the banks got rid of 26 606 long contracts and they also got rid of 14 249 Shore contracts
now looking at the weekly chart here of the Euro US dollar we are clearly pushing up to this weekly
Supply now this weekly supply has been tested once before so it is weaker than uh if it hasn't been
tested so we could see a small move down and then a push-up it all depends on what's going to happen
with the US dollar or not so as far as trading uh the Euro US dollar goes right now I'm really not
seeing a whole lot um The Daily momentum is up if we do get a pullback to this daily demand at
1.037 you could look for a confirmation long trade coming off of that daily area of demand that is
definitely one option another option is basically how I would be framing this pair and trading this
pair is around this four hour demand zone right here at 1.05 if price pulls back to it you could
look for a quick day trade on a 15-minute chart using confirmation but let's say price pushes
down and we break this four hour demand well at that point we would have a four hour downtrend
and at that point we could start to look for shorts on day trading time frames so in my
opinion for Longs on the Euro US dollar we either need to wait for this demand Zone to be hit or we
need to wait for something like this to take place where we have a clean four hour uptrend like this
and at that point we could look for Longs on day trading time frames so it's all going to depend
on that four hour area of demand and what happens around this weekly area of Supply on the Euro USD
all right on to the forecast for gold the past week the banks added 4665 long positions and they
got rid of 8 153 short positions now on gold we have very strong uh Trends not only on the
daily chart but also on the four hour and the one hour chart as well so in my opinion Longs on day
trading time frames are definitely okay and is a go in my opinion not only that on the weekly
chart we did remove this significant weekly area of supply and there's clearly profit margin at
up to about 1943. so if you are getting in Long on day trading time frames and you want to hold
your long positions I would hold to at least 1920 to 1943 1945. something like that on gold
because of the strong uptrends as far as trading opportunities go let's get in let's look on Lower
time frames to see what's taking place but first if you guys do want my daily chart analysis or
more check out the patreon YouTube membership where you can get my daily chart analysis like
I said on a daily basis and not only that if you sign up for the silver or gold membership there
are many more options there's private confirmation trading videos private live stream forecasts every
Sunday on the pair of your liking custom chart analysis all that so definitely check that out
we'll be happy to see you guys join the team so as far as gold goes here we are reacting off of
this four hour area of Supply but like I said we have very strong uptrends and I'm actually not
seeing any trading opportunities on the four hour chart unless we can get this removed so if we can
get this these Supply zones taken out left with four hour Demand right here which like I said I
will have that available for all the members if we do get a Zone here then at that point we could
look for a four hour or sorry a continuation trade with the trend as far as the one hour chart goes
you can see we have a one hour demand zone right here at 1847. if price does pull back to this one
hour demand Zone you could definitely look for Longs coming off of that one hour Demand on a
five minute chart using confirmation that's why I have the private confirmation trading videos as
well so hopefully that takes place and we can look to get in long or as always we could be looking
for send forget trades since we do have a four hour one hour uptrend we could be looking for a
set and forget trades to the long side as far as shorts go I do not recommend shorting uh gold at
all right now the only way I would even consider shorting gold is if on the four hour chart we
can get something like this to take place where we lose the four hour momentum and we get a four hour
downtrend then at that point looking for shorts on day trading time frames would be fine but until
then we have very strong uptrends with profit margin to about 1920 to 1945 and at that point
uh I think we could be Trading long until then and remember like I said I wouldn't even consider
shorting until we can get a four hour downtrend but I see no evidence of that taking place just
yet so for now on gold it's Longs all the way USD JPY forecast the past week the banks got rid of
2326 long positions and they also got rid of 8 309 short positions now the USD yen is looking very
similar to the dxy as far as the weekly chart goes where we clearly lost momentum we have very strong
momentum to the downside on the daily chart but the four hour chart is kind of all out of whack
here so it's a little bit of a difficult time to be trading the usdn right now there is profit
margin to the downside although looking for trades is definitely a little risky in this pair right
now if you do believe price will continue to go lower we do have this daily area of Supply right
here at 135.782 we could look for a continuation trade short coming off of that daily area of
Supply using a confirmation entry as far as the four hour chart goes what I would be looking for
here is something like this you could technically look for a quick day trade long coming off of this
four hour demand but you would be trading against the downward pressure on the daily chart so if you
are going to get in Long down here it's got to be a quick day trade and look to take profits early
now as far as trading short goes like I said we could wait for that daily Supply to be hit or what
we could do is wait for this demand and this low right here to be taken out at that point we would
have a four hour downtrend and we could look to trade short if that does take place that's what
I would wait that's what I would personally be waiting for on usdn if you want to get a
little bit more aggressive there is this one hour Supply Zone at 133.5 um so if price does pull back
to this one hour Supply Zone you could certainly look for a five minute day trade short coming off
of that Supply Zone but I would definitely look to take profits early since we don't really have
a one hour downtrend and this is more of just a momentum shift type trade so definitely going to
take profits early if you do get in short there so that's pretty much all I see here on uscn a little
bit of a confusing time but at the end of the day with the momentum on the higher time frames
is down and we did lose momentum on the weekly chart here so in my opinion it is looking weak
all right on to the forecast for the British pound the past week the banks got rid of they added
8 341 Long positions and they also added 23 000 short positions now as far as the pound goes here
we did lose momentum on the weekly chart we had very strong downtrends on the weekly chart but as
you can see we did lose momentum to the downside and we're starting to push up not only that we're
reacting off of a daily demand Zone at 1.19 right now but it has been tested so as far as trading
the pound goes right now what I would be looking for here is something like this either we could
wait for this weekly demand to be hit at 1.15 and then we could look for Longs coming off of that
but obviously that could take quite a few weeks so that's more for you in another forecast but
I just wanted to point that out in case you guys don't tune into my other forecasts so far as the
pound goes now I would look to possibly continue to trade with this momentum shift here to the to
the long side but if you come over to the four hour chart we have a little bit of a problem here
where we had a supplies on right here we reacted off of it once almost twice and we kind of have a
resistance level here as well so in my opinion if we can get something like this to take place where
we remove this four hour Supply leaving us with four hour demand we could look to trade in this
four hour demand Zone if that does take place make sure you guys also comment down below what pairs
you guys are watching this week I'd be interested to see what your guys's opinion is on the market
so definitely comment down below what pairs you are watching other than that I'm really not seeing
too much here on the pound not really there's no trend on any time frame right now so it is
definitely very confusing if you've been following my channel and my analysis for a while now you
guys know that I do prefer to always trade with a trend and right now there's no trend on the weekly
Daily 4 4 hour or the one hour so it's definitely low odd to be trading right now but at the end of
the day we did lose momentum on the weekly chart we just need to see Supply zones taken out before
we start to apply our Capital long and as far as shorts go I don't like it for shorts unless we can
get this daily demand removed and at that point we could look too short down to weekly demand
all right on to the forecast for USD CAD the past week the banks got rid of 14 403 long positions
and they also got rid of basically the same 14 208 short positions now as far as the USD
CAD goes here for trading is definitely a very confusing time the only Trend I'm really seeing
is on the four hour and the one hour chart so in my opinion we could be looking for potential short
trades uh there is a one-hour Supply zone right here at about 1.3563 you could look for a short
trade coming off of that one hour Supply Zone that's pretty much it it does look like to me on
the weekly chart we will be pushing down at this weekly demand or at least to this daily demand at
1.33 so we could be looking to continue to trade with the four hour and the one hour downtrend on
the lower time frames and remember if you want to trade with the trend but the only charts that
are trending are the four hour and the one hour chart it means that we have to be looking for
shorts on day trading time frames which include a one minute five minute or a 15 minute chart
so if you are going to look for shorts make sure it's on day trading time frames you don't really
want to be entering in on a one hour chart when we don't have a daily downtrend so like I said there
is profit margin to at least 1.33 so if you are going to get in short that's where I would look
to potentially take profit uh down to that daily area of demand as far as setups go the only thing
I really see is that one hour Supply Zone that I pointed out earlier other than that definitely
confusing time in USD CAD here but we have to look at the trends and continue to trade with those
all right AUD USD the past week the banks added 3 429 long positions and they also added 5581 short
positions now remember we are still reacting uh off of this weekly area of Supply on the Aussie
US dollar and a couple weeks ago my last forecast I did point out this trade right
here uh coming off of this four hour supplies on so hopefully you guys got involved in that
setup I thought it was a picture perfect setup easy two to one three to one possible trade
um but with that being said we still are reacting off of the weekly Supply so we could still be
looking for potential short trades on the four hour chart but what's going to need to take place
is something like this where we can remove this uh four hour demand and if we're left with four
hour Supply that would be your confirmation trade just like this one here that I pointed out in last
forecast so that's what I'd be waiting for here on the Aussie US dollar um other than that I don't
like getting in long if you are going to get in Long which I could see a reason for it especially
since daily momentum is kind of up it is looking like this weekly Supply is going to break I don't
blame people for wanting to get in long but Longs must be on day trading time frames and
even then I'm not really a huge fan until we can get this supplier moved because this weekly Supply
is holding whether you like it or not so with that being said what I would be focusing on is
this four hour demand Zone at 0.673 if you can get it removed leaving us with four hour Supply that
would be your potential short trade and as far as Longs go I don't really like it I would need to
see a strong four hour uptrend at least and even then we'd still be reacting off of weekly Supply
so Longs definitely are not the highest odds thing to be doing here on the Aussie US dollar
all right USD Swiss franc the past week the banks added 421 long positions and they also added 1631
short positions two things here that I'm looking at right away we are reacting off of weekly demand
it is tested very deeply and we're also reacting off of daily Supply so in my opinion this weekly
demand is looking like we are going to break it but we need to see evidence of that taking place
first now we did react off of daily Supply so in my opinion shorts are actually potentially on
the table here but what I would be waiting for is on this four hour chart we had a very very
significant daily area or sorry four-hour area of demand here that we reacted off of Once almost
twice so in my opinion there was a lot of buying in this area but if we can get a four hour push
down removing this demand leaving us with four hour Supply you can look for a day trade coming
off of that four hour Supply Zone and I will have that zone for all the YouTube and patreon members
so that's pretty much all I see here you could have even gotten in on a long trade at that four
hour demand since we were reacting off of weekly demand but obviously the trade-off obviously it
took it already took place so it's a little bit too late now so as far as Longs go coming off of
this four hour area of demand I would at least need to see a four hour uptrend and then I think
looking for Longs on day trading time frames would be okay but even then we still have a daily Supply
Zone to get passed and right now it's proven that there was Supply there because we did react off of
that daily area of Supply so the best confirmation for long would technically be the removal of this
daily Supply at 0.939 and at that point if we're left with daily demand you could look for trades
coming off of that daily area of demand or like I said if we can get a you know a four hour uptrend
then Longs would technically be okay on day trading time frames but like I said daily Supply
is we still need to get past that daily Supply so to kind of recap here weekly demand is in control
but it is looking extremely weak especially since daily Supply zones are holding so at this point
trading the USC Swiss not the highest odds thing to be doing but I would be focusing on this four
hour demand Zone to see what happens around that area all right last but not least we are on to
crude oil the past week the banks got rid of 2649 long positions and they added 7935 Shore positions
now one very important thing happened here uh we had the daily downtrend and we reacted beautifully
off of my daily supplies on at 80.68 just the power of supply and demand especially when price
is trending down and we're far away from the trend line just absolutely powerful uh stuff
so if you do believe oil is going to fall which is definitely possible I do suspect oil to move
up in 2023 that is my long-term Market Outlook is for oil to go up but I cannot deny the daily
downtrend and the momentum to the downside on the weekly chart so as far as trading oil goes
now we do have this four hour area of Supply at 76.32 you could look and which is basically
a four hour confirmation coming off of this daily Supply so we could look for a 50-minute day trade
trade short coming off of that four hour Supply Zone and that's pretty much the only setup that
I do see here on oil I wouldn't even consider getting in long until we can get a very strong and
at least a very strong four hour uptrend and at that point we could be looking for day trading
Longs but even then we have daily Supply to get by as well so in my opinion for swing trading the
best thing we could be doing for swing trading is looking for something like this where we can
remove this daily Supply leaving us with daily demand and at that point we could look for Longs
obviously this could take weeks to play out so stay tuned for my for my analysis later if that
does take place but in the meantime you know we do have very strong Trends to the downside so as far
as trading short goes which I think is the best option right now like I said we could either look
for a confirmation trade coming off of that four hour Supply Zone but let's say price pushes down
we don't react off the supply Zone but we push down break this four hour demand Zone leaving
us with four hour Supply you can do the same thing on that four hour supplies on as well if
that does take place here on oil hopefully you guys found this weekly Forex forecast helpful
if you did make sure to let me 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