#1 Weekly Forex Forecast | EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD OIL (26/09/2022) Forex Analysis

 #1 Weekly Forex Forecast | EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD OIL (26/09/2022) Forex Analysis

Show Video

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 got rid of 3280 long  positions and they added 4 458 Shore positions   if you do want that car report spreadsheet linked  is to the patreon down below now looking at the   weekly chart of the US dollar obviously we are  just continuing to push up higher it's looking   stronger than ever if you look at my four chart  layout it's very clear that all four time frames   are trending up we had that some US dollar news  come out interest rates were bumped up and we   obviously had a strong push up now I do think we  could see a little bit of a pullback here in the   US dollar but in the meantime we have strong  Trends we want to continue to buy with the US   dollar just like I've been saying for the past  I don't know maybe 10 to 15 uh Forex forecasts   you can go back and check that out as well so  with that being said we have weekly Supply being   removed daily uptrends it's just looking very very  strong now if you come over to a four hour chart   it is a little bit overextended so I do expect  it to probably pull back whether it pulls back   to this four hour demand zone or not I don't  really know that's very difficult to predict   because we could pull back down to here and push  up it could could pull back a little bit lower   or we could just shoot up higher but at the end  of the day we have strong Trends on The Daily   weekly four hour and one hour chart so we need to  continue to be buying with the US dollar until we   can see the evidence that price is turning around  and that evidence would look something like this   where we start to have a four hour downtrend  demand zones are starting to be taken out   and until then I think we need to continue to buy  the US dollar if you want to wait for the dip buy   opportunity here's your dip buying opportunity uh  on the four hour chart on the US dollar all right   on to the euro USD forecast the past week the  banks got rid of 1214 Longs and they added 46   500 Shore positions absolutely insane on the Euro  US dollar as you can see just like the opposite of   the US dollar Index we are trending down on all  four time frames last week we reacted off of my   daily supplies over there perfectly now we have  new daily Supply left right there so as far as   the Euro goes obviously you guessed it Trends  are all down so we need to be continuing to   trade with that downward trend on all four time  frames so there's a lot of options one thing   that stands out to me right away is if you come  over to this four hour chart we have some four   hour Supply zones right here we actually have  a new four hour Supply zone right there so in   my opinion you could be looking for confirmation  off of these Supply zones let's say it comes up to   here you can look for confirmation there and you  could do it on this Zone as well on a 15 minute   chart for both of those zones it must be on a 15  minute third now this Zone would be a little bit   lower odds compared to this Zone but you could  do it on both I think that's fine and another   trading opportunity would be set and forget entry  since we have Trends on the four hour and the one   hour chart you could be set and forget trading  like a one minute chart as well to the downside   just trading pullbacks to supply zones on the  one minute or even maybe the five minute chart   as well that's pretty much all I'm seeing here on  the Euro there's really no need to complicate it   I would just be looking for short entries however  you like to trade maybe you don't trade Supply in   a man maybe you trade support and resistance or  flag patterns or whatever you like to do but in   my opinion it needs to be short until we can  start to see a four hour uptrend and at that   point I would I would stop looking for shorts  and then I would come over to a daily chart   wait for daily Supply to be hit and look for  shorts in there so hopefully that makes sense   on the Euro US dollar and I cannot stress this  enough do not try to trade against this trend   yes you could get lucky and it could start to push  up and we could go to all-time Highs but at the   end of the day we want to always be placing our  money with the higher time frame Trends and the   higher time frame Trends right now are down and  they've been down for a while so yes it's obvious   that we could get a pullback to the upside and I  kind of am expecting that but like I just said we   have to continue to trade with the downward Trend  all right on to Gold the past week the banks got   rid of 11 375 long contracts and they added 20 247  short contracts now in last week I did talk about   this four hour Supply Zone and I did call out this  four hour Supply Zone in the private Discord group   right here and as you can see we had a beautiful  reaction off of this Supply zone right there so   hopefully you guys caught that trade I did shout  it out to the private Discord group and remember   if you do got if you guys do want my Supply zones  like this and this one throughout the week updated   daily check out the YouTuber patreon membership  it's only five dollars cap per month you can get   my daily Charter analysis like I said updated  daily I would happy to see you guys join the the   team a lot of Traders are using it so as far as  gold goes now yes we are trending down on Lower   time frames and even the higher time frames have  a very strong Trend down and in most situations I   would say continue to trade with that downward  Trend and I think it's fine to be shorting you   know five minute charts or one minute charts to  continue to trade with that Trend but the problem   what I see is we are contacting or sorry we are  about to contact a very very significant area of   demand I personally I'm not going to get into too  much detail but based on my macro view of gold I   think that we could easily see price turn around  within the 1630 to even 15 60 15 80 range and if   that fails I think we can even see a pullback all  the way down to here now I know this is very far   away but I am looking to buy gold in this area  right here like I said from about 1630 to 1580   1575 in that range now that does not mean I will  just be looking to just randomly buy gold and just   pray I am going to be looking for confirmation now  what I'm going to be looking for is I'm going to   be on this four hour chart right here we kind  of have another trend line right here it's not   the best looking trend line but basically when  price hits that area at exactly 1633 1634 I will   be on this four hour chart and I'll be looking  for confirmation to the upside so that's pretty   much all I I'm personally waiting for here on  gold there's really not much else to say like   I said you could look for shorts to the downside  trading it to this weekly area of demand but until   that it's just kind of risky because I do suspect  to see a move up from gold at that point in a kind   of correlates the US dollar pulling into Supply  as well so in my opinion I think gold is going   to move around move up I just need to see that  confirmation to the upside first other than that   I'm really not seeing any trading opportunities  just need a way for gold to get a little bit   lower and I think it'll offer a fantastic trade  not only trading opportunity to the upside but   also a long-term potential investing opportunity  as well all right on to the USD JPY forecast the   past week the banks got rid of 3968 long contracts  and they also got rid of 4556 short contracts now   looking at the Yen obviously strong Trends on all  time frames right now except for the four hour and   the one hour chart we did lose some momentum here  uh with that US dollar news coming out so with   that being said let's look at some trading setups  the first thing that I noticed that goes right to   my eye is this daily chart here I talked about  this in last week's Forex forecast as well you   could definitely go back and watch that I said  if we did pull back on the USD Yen when price   was up here I said we are probably going to pull  back into this daily demand Zone and most likely   react from it if not this one then this one but as  you can see we reacted perfectly off that area and   that is why we wait for dip buying opportunities  now that being said now we want to ask ourselves   how do we trade this well obviously in my opinion  since we have a weekly and daily uptrend and daily   demand is in control it has to be long so we could  have been looking for a confirmation trade coming   off of that daily demand confirmation should be  taken on a one hour chart based on it being the   daily chart as you can see here we have a one hour  chart we had Supply right here and the supply was   removed the problem was and still is is that  there's really no significant demand that that   was responsible for removing it so it could have  been a time where you just place kind of a stop by   limit order right here with a stop loss somewhere  down here hopefully let it ride out so I'm not   really seeing any setups at all on this pair  unfortunately I'm really really upset I was very   much looking for it I saw price pulling back into  this daily Demand right here and I was looking   very much forward to getting a potential trade off  that area but obviously it didn't work out and we   didn't even get a demand Zone off of that so with  that being said remember we have a weekly uptrend   daily uptrend daily demand and control so however  you like to trade whether it's support resistance   whatever look to get in long that is my only thing  I could really say based on my own opinion is   however you like to trade it's going to be Longs  all the way here and your first profit Target   should easily just be this four hour Supply zone  right here or the high whatever one you liked if   you think it's gonna go higher then by all means  go higher but I unfortunately have to report that   I don't see any demand zones to be looking to  be taken right now on any time frame so that's   pretty unfortunate so what I'm going to be waiting  for is on this four hour chart I'm gonna wait for   this four hour demand Zone to be removed and if we  get a four hour demand zone right here that would   be a decent area to look for a confirmation  long trade-in but overall usdn looking very   strong just a minor pullback into daily demand  and hopefully and I think what's going to happen   is we're going to continue to trade with that  over overall uptrend GBP USD forecast the past   week the banks added 160 Longs and they got rid  of 13 083 short contracts so looking at the pound   still we have a weekly Daily 4 hour and a one hour  downtrend so you guessed it it's going to be longs   just kidding it's going to be shorts I just want  to make sure that you guys hopefully you guys are   kind of confused there I'm I don't know trying to  make this forecast a little more entertaining just   trying to be funny so it's going to be shorts  all the way in my opinion so if you want to   continue to trade with the weekly and daily  downtrend we have to find zones on the four   hour chart or the one hour chart to potentially  look to short and I'm already seeing two zones   right now first Zone here is this one hours one  hour Supply Zone you could definitely look for   a five minute confirmation trade coming off  of that one hour Supply zone right there so   mark it down on your charts as far as the four  hour chart goes there's a little Zone here and   I'm kind of confused on this zone I'm conflicted  if I want to draw it here or if I want to draw it   up here and actually I think I'm going to keep  it up there like that so if price pulls back to   here which is very possible this is a very steep  pullback you could definitely you know look for a   confirmation trade on this four hour Supply Zone  but on this on this Supply Zone you must look for   only 15 minute confirmation to the downside it  must be on a 15 minute chart if you don't know   what confirmation trading is I know I mentioned  it a lot check out the tier 2 membership I have a   first of all I have a full trading tips playlist  video with lots of confirmation videos and that   but we also have private confirmation video  lessons as well if you're a YouTuber patreon   membership so if you're a member on there if you  want to be a member check it out links in the   description down below to that we also have many  other things like private forecasts every Sunday   and we also have the new thing I just made which  is the high probability trading solver which I'm   extremely excited about so definitely check that  out we'll be happy to see you guys join the team   but as far as the pound goes it shorts all the  way send forget trades are also applicable here   on a five minute or a one minute chart based on  what I'm seeing but I think the safest bet is to   just wait for confirmation in either that one  hour Supply zone or that four hour Supply Zone   all right on to the USD CAD forecast the past week  the banks added 10 180 long contracts and they got   rid of 189 Shore contracts as you can see on this  four chart layout Trends on all four time frames   we haven't we had a huge move up on this weekly  chart right here so with that being said it's   Longs all the way on USD CAD we just need to wait  for potential setups now first things first if you   look at a one hour chart we have one hour demand  let me just mark it out right here but I'm going   to be ignoring that one hour demand and I'm going  to be immediately going to this four hour demand   Zone on the four hour chart so if price pulls back  to this four hour demand technically this is valid   as a set and forget trade which means you just  place an order here with a stop loss there take   profit up here you could technically do that it's  a little risky not a huge fan of the zone so what   I would suggest is to look for a confirmation  trade on a 15 minute chart coming off of that   four hour demand Zone let's say price pulls back  into here you lose the trade or it never gives you   confirmation and we start to pull back well then  we have to ask ourselves where is it pulling back   into and in my opinion it's going to be pulling  back into this daily area of demand down here so   if price breaks up for our demand we can push  down to about 1.33 we can get a confirmation   trade coming off of that daily demand zone so  that's pretty much all I see here on USD CAD   it's long as 100 of the way so however you like  to trade it trade it long in my opinion uh based   on the trends I don't really I don't recommend  getting in short at all until we can see this   four hour demand Zone removed and then maybe a  four hour downtrend would be nice as well then   you can start to day trade like a one minute or  a five minute chart down to this daily demand   Zone but I don't even really recommend doing that  based on how strong the weekly uptrend is so it's   Longs all the way first pullback will be to this  four hour demand Zone second pullback would be to   this uh daily demand Zone and let's say we don't  get the pullback on this four hour chart what do   we do from there well any new four-hour zones that  are formed up here like this I will have drawn on   my chart and you will also get that if you are a  YouTuber patreon member and we can look at trade   confirmation in those zones so that's one good  reason to sign up I will have all the nearest   highest quality zones that you can look to trade  confirmation and so those are the two options here   here on USD CAD alright on to the Aussie US dollar  the past week the banks added 9 579 long contracts   and they got rid of 7 715 short contracts now  downtrends on the weekly Daily 4 hour and one hour   chart obviously you guys are noticing the theme  of this video it's shorts because the trends are   mostly down on all pairs right now now looking at  the weekly chart we are contacting weekly demand   in my opinion it's a pretty significant demand  Zone I think we could definitely see a move up   from this demand so I'd be careful shorting  but at the end of the day we want to continue   to trade with those overall downtrends on the  higher time frames so with that being said let's   look for a few potential setups here on the  Aussie US dollar really the only thing I see   um in my opinion or is this one hour chart we  have two one hour Supply zones right here you   could look for confirmation coming off of both of  those but considering weekly demand is basically   in control and the quality of these zones are very  poor quality I would look to take profits very   quickly at like one to one two to one on a five  minute chart even the zone as well I would do the   same there that being said I don't really see much  else here on the Aussie US dollar if we do get a   significant push to the upside the good news is we  have a daily Supply zone right here that you could   look to get involved with to the short side on a  one hour chart confirmation so that's pretty much   all I see here on the Aussie US dollar really not  much else to say just remember weekly demand is   technically technically in control and it does not  mean that we're just going to see a huge move up   because it's weekly demand I know a lot of supply  and demand Traders think like that but it does   mean that we could see a small move up from this  demand Zone and then a push down which is what   I think is going to happen based on the overall  downtrend and remember it's since we're trading   against you US dollar here in this situation  everything is going to revolve around the dxy so   it is very very key to look at the dxy and see  what what is happening on there now if the dxy   starts to push up we could see significant push  up but overall downtrends so we got to continue   with the trend unfortunately there's no four  hour Supply zones that are fresh for us to trade   actually you know what I missed this one that's  my bad we have a four hour Supply zone right here   so if this if that one hour Supply Zone fails not  a problem we have a four hour Supply zone right   here that you can look to get in a confirmation  trade on a 50-minute chart so those are two   pretty high quality Supply zones we can look to  be trading and I'll definitely be keeping an eye   on that four hour Supply zone for sure especially  since we have that Weekly downtrend all right on   to the USD Swiss franc forecast the past week the  banks got rid of 100 long contracts and added 463   short positions so as far as this chart goes it's  kind of all over the place yes we have the weekly   uptrend I've talked about this a thousand times  I hate repeating myself but I'm not a fan of this   price action on the weekly chart the daily chart  there's no Trend four hour we have momentum up   but not really a trend we have a trend on the one  hour chart though but the problem is this chart is   all out of whack we did react off my daily demand  Zone you can go back uh maybe five forecasts ago   I called out this daily demand Zone before it  came in contact and we moved perfectly off of   that demand zone so I could have I was probably  saying to get in Long uh down here but since we're   so high up I'm not a huge fan of it what I'm  waiting to see first is I need to see evidence   that this trend is gonna or sorry that this daily  chart is going to start trending what that's going   to look like is this High being removed because  then we can draw our trend line and at that point   we will have an upward trend on the daily chart  until then I do not recommend trading this pair   short or long so I would wait for that Trend to  continue and at that point like I said we'll have   a daily uptrend and at that point a lot of trading  options come into play where we can start to look   at one hour demand zones to get along at four  hour demand zones to look for confirmation and   so that being said I would just wait for that  high to be removed proving to us that that the   momentum on the daily chart is significant enough  to break the high which would give us the uptrend   and then trading opportunities will definitely  come but that'll probably be for next week's   forecast all right on to crude oil the past week  the banks added 1872 long contracts and they got   rid of 10 949 short contracts now before we get  started I am looking for Longs and oil right   now 100 the reason why is because we are about to  contact this weekly demand this is embedded inside   a three-month area of demand that I think is a  very strong demand zone now I might just place   an order at this weekly and man I'm not 100 sure  yet I'll have to think about it over the weekend   as part of my position but the second part of  what I'm looking to do is I'm looking at this   daily chart and I did point this out in the  private Discord group I and I think I talked   about this in last week's forecast I'm not 100  I talked about how we had this daily supplies on   here and I was waiting for this to be removed for  confirmation and that is why it's very important   to wait for confirmation because look we reacted  perfectly off my Supply Zone and continue to drop   down so I would have been stopped out if I would  have just said I think it's going to break based   on whatever but it didn't we needed to see that  evidence by removing that supply and we did not   get that so unfortunately we didn't get that but  hopefully price pushes a little bit lower creates   new daily Supply down here that I can look for  that to be removed from my confirmation instead   of this Zone and then I can get in long I do not  recommend getting it short on oil right now yes we   have downward Trends on the higher sorry on the  four hour on the daily chart so technically yes   one minute if you're going to be shorting which  I don't recommend which I mean not everyone's   going to listen which is completely fine you can  do whatever you want want but shorts are gonna   have to be on a five minute or a one minute chart  if you're really really looking to get in short I   love this one hour Supply Zone based on the look  of it so we could see a little five minute trade   come off of that but at the end of the day we are  contacting very very significant macro areas of   demand so I'm going to be looking for Longs I do  suspect oil I don't really think oil is going to   get below 72 dollars a barrel I just don't that  is just my honest opinion so I will be looking   for confirmation which is going to be on the  daily chart other than that really not seeing   too much if you're feeling very risky and really  wanting to get in Long like as soon as possible   which I completely understand and I'm and  I'm kind of feeling that way too uh you   could be on this four hour chart looking for  confirmation like that where we remove that   downward trend line and the supply and then  that would be your pullback confirmation like   that so that being said that is crude oil  I cannot wait to get in Long in this pair   um it might kind of Burn Me by getting involved  too too early but I think that that's fine and I   do suspect a move to the upside coming very very  soon 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 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

2022-09-29 02:04

Show Video

Other news