welcome to this week's Forex forecast I am FX telepath and we will begin with the US dollar
Index here looking at the call report for the dxy the past week the banks added 293 Longs and
they also added 186 short positions we will do a top-down approach here starting with the weekly
chart here you can see we had not only one but two reactions off of this weekly demand now and
now we pushed up but we couldn't really you know break above this peak here but in my opinion the
dollar is looking strong and we're going to take a look at some of the lower time frames first we're
gonna look at a daily chart here first if you can see we almost pushed down to this daily demand
there's still some space in between we pretty much call it tested and say you know demand did
take control here and you know that's why we are seeing that push up now the past day uh Friday
was a red day for the dxy so that's why we have seen you know the dollar turn around but if you
look at the four hour chart I noticed something here and I wanted to point out to guys if you
look at a four hour chart here we actually have we had a beautiful reaction off of this for our
demand Zone that I actually pointed out for the diamond members to the up side like that and what
I noticed and that's very important is yes you know we had a pretty red day in the dxy on this
past day here leaving us with Supply above um but with that being said there is so much demand below
that even if we do you know continue to push down maybe break through this demand we have demand
here and demand down here so there's a lot of demand here to really hold up price um so even if
you know maybe we end up dropping expect you know a hard time to kind of get through there if we do
um and you know if we also break Above This four hour Supply like this leaving us with new
four-hour demand that would be your potential long trade on the dxy or our uh US dollar pair so I am
pretty bullish on the dxy um yes the we did get a pretty red day but overall you know the momentum
is clearly up here we have demand zones being respected and formed so in my opinion I think the
dxy is you know most likely headed higher although like I said we could actually pull back all the
way down to daily demand at 1.789 and then rally back up again from there so we'll be monitoring uh
what happens around this four hour chart on the dxy all right looking at the Euro US dollar the
past week the banks got rid of 5422 Longs and they also got rid of 5800 short positions now looking
at the weekly chart here weekly demand did take in control here we do have some sort of selling
in control up here right now though so you know we could see the Euro continue to move down just
looking at the weekly chart not only that looking at a daily chart we broke this daily Supply I
was surprised I was looking for potential shorts coming off that Supply but not everything always
works out and we actually Pierce right through which broke the man and left us with a new Supply
um on the daily chart we are reacting off that Supply right now so Supply and control I think
looking for shorts um all the way is definitely the best thing to do if you look at a four hour
chart here something interesting has taken place we have supply and demand here this is a demand
Zone that I also point out for members not really a great Zone not a Zone it's very very large you
would have to look for confirmation but anyways we have tested demand almost tested Supply here
so I would be personally looking for is either this either a push-up to this Supply at 1.098
and then we can look for potential shorts coming off of that Supply like that or if we maybe we
don't pull back to the supply we pull back down to this demand and we break that demand if we
have new Supply here that would be your potential short trade off of that four hour Supply if we can
get that and why you know why do we need to wait for this demand to be removed well if you look we
had one two reactions off this demand so clearly this has been proven to be demand so if we can
remove that demand that's a great sign and then at that point you know any sort of Supply Zone that
is that we are left with would be our potential trade coming off of that Supply so I will have
that Supply Zone on my charts throughout the week if we do get that zone if not like I said the four
hour Supply above could also be good for shorts as well all right guys on to the forecast for gold
xau USD the past week the banks got rid of 8427 Longs and they also added 2638 shorts now if you
guys been following my forecast for a few months now it depends on how long you've been watching
before I've been talking about this weekly demand at 1870 for quite a while now and I've been very
very patient on gold a lot of sideways prey session here but I have been waiting for the
breakout to the downside to look for Longs in this demand and who knows yes gold could break
down but I'm gonna stack I I think stack it's stacking the odds of my favor if we continue to
look for Longs in this area so if we can hit this demand Zone that's where I am looking for Longs on
gold now will I just be buying gold no what I'll be doing is looking for confirmation just like I
did off of this previous Zone back here where I circled the zone so if you look I will show you
guys a previous trade of mine um basically price pull back into demand we reacted I'll show you the
higher time frame first so this is my higher time frame the weekly chart we had supplies on control
right here push down pulled back into my weekly man you guys can go back to um I don't know when
this was April and you can I'll point it out I've been pointing out this week which is uh
demand zone for quite a while now so price came down hit my weekly demand Zone and I was looking
for confirmation Longs now if you don't know what confirmation is let me show you guys right here a
little bit of a old trade review of mine so if you look down here this is the trade if you look here
this was that big weekly demand zone right here and then price came down hit the weekly demand
Zone rallied up created Demand right here so I'm actually going to get rid of everything to kind
of clean it up so we created this four hour demand zone right here and I simply place an order here
with a stop loss here and take profit all the way up there and look at the trade boom that
was my four hour confirmation trade long coming off of weekly demand and my take profit was hit
um all the way up here I believe something like that it was a massive trade for me on gold and why
I'm showing you this is because that is exactly what I'm going to be trying to do again at this
weekly man and if it fails oh well but I will definitely be looking for Longs in this area if
we can get down there and I'll be trying to do the exact same thing that I did at that Weekly demand
Zone if you want to if you guys want to learn more about how to take trade setups like that and be
alerted when I point out the four hours on that we could potentially be using to trade check out
the diamond membership links in the description down below you can see on the screen right now on
my Instagram these are a bunch of Trades from the daily member breakdown video it's a video
that I do daily before the London session to show you guys all the important Supply demand zones as
well as Sunday Zoom sessions strategy sessions and something I just added is video lessons A to Z as
well so you guys can learn more about supplying demand and build your own strategy because yeah
maybe you do look for confirmation in here but maybe you take something for my tips videos and
maybe you do something a little bit different which makes you hold on to the trade a little
bit longer or something like that right so that is the reason I designed the A to Z video lessons as
well as the daily Market breakdown videos in the diamond membership so check it out links in the
description down below be happy to see you guys join the team and we also have lifetime access
as well if you do not want to pay that monthly fee which I totally understand so links in the
description down below to everything so as far as gold goes now I'm just waiting for that Weekly man
to be hit if you want we do have this four hour supplies on all the way up here I I know it's a
large move away guys we have that supplies on here that's really the only good supplies when I see
yes we have some Supply Here could see a small move off of that but I think the best supplies
on a potential look for short is 1949 so if we rally up and don't pull back to 1870 then this is
the four hour Supply I would look to potentially short to then pull back down to that Weekly Demand
on gold all right guys on to the forecast for the UST JPY the past week the banks added almost 11
000 Longs and they also added 5700 shorts if you look at a weekly chart we are so close to weekly
this Supply here at 146.6 but there still is a little bit of room here to continue to look for
Longs and I actually took a long trade on on USD JPY let me break that down for you guys here so we
had a daily uptrend daily Supply was pretty far away we had four hour demand created right here
and then basically I looked for a one hour Zone inside of that four hour Zone and I
came up with this Zone here a little bit of a weird Zone not one I would usually take but I
took it and you know the trade went very well I was stopped out for a profit right around here
um I was actually being paid to hold this position as well as swap fees so very very uh very happy
with the trade that was my little Trend trade there so hopefully you guys can take something
from that and try to mimic similar trades to that so as far as the usdn goes now looking
at this one hour chart we want to continue to look for Longs but the problem is the trend on
the one hour chart has been broken we pushed up kind of started to break down broke this upward
trend line right here and now we are kind of just in this demand Zone and we could kind of just go
sideways kind of ping pong between the two zones for a bit we could definitely break down for sure
but what I'm going to be looking for is either a break above all that or breaking this Supply and
if we're left with new demand here that'll be your potential trading setup and short in the end has
shown a lot of great setups guys there's actually a lot of good setups and a lot of the other cross
pairs for the Yen pairs as well so those will be going over those in the Sunday members uh live
stream as well all the cross pairs for the end so looking for long still here in the Japanese
end we just want to wait for this Supply Zone to be removed and the trend to continue up and if we
continue to go down that's okay as well because if we do we will just continue to look for demand
Zone buys along the way on the daily chart as well all right looking at the GBP USD forecast
the past week the banks added 2815 Longs and they got rid of 2571 shorts something significant has
happened here we reacted off of the downward trend line to prove that the trend line was
there and we actually broke above the trend line which created this weekly demand Zone at 1.25
so if we end up pulling back down to the pound to this week the demands on at 1.25 I think this is a
great area to apply your Capital to the long side just in my opinion um that's what I'm personally
going to be doing if we do pull back down to that Weekly demand Zone um so in the meantime how you
know how can we potentially trade deep pound here well if you look at a daily chart we couldn't
quite hit this daily demand Zone but if we do pull back down to this daily demand I think we continue
to look for Longs coming off of that daily demand Zone like that if we do pull back but we can
pretty much call it in control now I actually took two trades on the pound if you look we had these
two four hour demand zones right here one two and I was looking for Longs in both of those zones
if you look at a one hour chart here we had two little one-hour zones embedded inside of the four
hour zones we had one zone and two zones I place a trade here stopped out basically immediately
for a loss and then also price push into this Zone I have my order here as well I did not let
this loss phase me at all I didn't even think for a second about taking this order out and boom hit
the trade price moved pretty far away did not quite hit my Target but I actually put my stop
at break even and I was stopped out for break even so just wanted to so all in on the pound
uh minus one percent on the pound but the USD Japanese Yen pair made up for it this week as
well so I just wanted to point that out um to you guys one loss one break even not a big deal on the
pound so just want to point that out and as far as trading the pound goes now look we could look
for Longs and there's really two options here we can wait for this four hour Supply to be removed
or we could look for Longs in this four-hour demand down there but if this four hour Supply
gets removed leaving us the four hour demand here that will be your potential trade coming off of
that demand and if not we actually have one hour demands on here we could see a move off of that
one hour Zone like that so really that's all I see in the pound here with that daily demand and
Zone in control we want to look for Longs and if we continue to push down and break then we have
weekly demand down below we could look for Longs in as well and you know if you are bullish which
I don't really agree with we have four hour Supply here I don't really like it but we could look for
a 50-minute day trade shorts off that Supply if you're a bearish but day trades only guys cannot
stress that enough because with daily man in control with a daily uptrend a weekly event them
up I think Longs are definitely should be favored here USD CAD forecast the past week the banks got
rid of 8 576 Longs and they also added 22 000 shorts looking at the weekly chart if you guys
been following me for a while I've been waiting so patiently for this weekly Manzone we are finally
reacting off of it to the upside but I'm not just hopping the I'm not just jumping the gun just yet
if you look at a daily chart here we're kind of just in the middle of supply and demand so two
things we could look for confirmation Longs coming off of that daily demand I think that that's okay
um if we break this daily Supply Here leaving us with new daily demand that would be your potential
daily demand to look for Longs in as well just like this one so we're going to have a hard time
getting through this daily Supply in my opinion if you are bearish the USD cab which I do not agree
with at all but if you are really the only way I would even think about charting is looking for day
trades in this daily Supply Zone at 1.33019 that's pretty much it and I'd look to take profits very
very early and you guys know on my channel I like to point out things you guys can do for Longs and
shorts because I know not everyone has the right idea even though yes I totally think Long's our
favorite right now because weekly demand zone is in control I think Longs is the best option I will
also point out things I would do you know if I had to take a short trade it would be at that daily
Supply looking for day trade confirmation shorts and nothing else but as far as long as go guys on
the USC CAD so far we are reacting off this four hour demand to the upside and that's great not a
Zone I wanted to trade I'd rather look at trading this one down below so I'm personally looking for
Longs in that demand Zone on the USD CAD that's pretty much all I'm seeing here I didn't really
want to jump the gun and just take this four out of man zone so get away for the one at the extreme
because it's also inside of this daily buying area as well all right onto the Aussie US dollar the
past week the banks they got rid of 518 Longs and they also got rid of 10 710 shorts now real quick
top-down analysis here you guys know me I've been pointing out this weekly monthly demand zone for
a while now this purple Zone reacted beautifully off of it couldn't quite get in an entry there
that's okay but also what I pointed out was this daily demand Zone here and I pointed out I was
going to look for Longs in this daily demand Zone we actually blew right through the Zone but we
reacted off of it a little bit first and now we are into the supply that broke this demand what
I'm hoping for the best case scenario would be something like this where we pull back off of the
supply Zone to the downside and we pull back to this daily demand at 0.65 because this is the zone
at the extreme where we could see a move to the upside so I will be personally looking for Longs
in this daily demand but who knows maybe we don't break that demand and something like this takes
place and if that does any new daily demand here you could use for Longs as well so basically just
waiting for either this daily demand to be hit or for new demand to be formed as we break up and
break Supply that's what I'm looking for and as always if you really really really really really
want to short the only thing I would suggest is maybe looking for day trade shorts off that daily
Supply but with the weekly demanding control guys it is a little risky but if you have the idea of
hey I think we're gonna see price pull back to this daily minute and then rally up if you want
to try to you know catch this downward move here I think that's fine that's what you want to do um so
I would just you know look for potential shorts coming off of that daily Supply but me for me
I'm bullish so I'm you know I'm just uh personally waiting for this daily demand Zone to be contacted
before I just jump the gun and get in long so that is my analysis on the Aussie US dollar
all right on to the USD CHF the USD Swiss franc the past week the banks they got rid of 1600 Longs
and they also got rid of 1695 shorts we'll keep this one very very simple if you look here we had
daily Supply this is a supply Zone that I pointed out for the diamond members and member guys what's
very important about trading it's not always about when to trade you know oh should I buy this
Zone down here it's about should I be buying here remember that guy so that's why I point out these
zones for the members as well very very important this is not an area to be getting in Long look at
the reaction boom boom to the downside so any Longs on Lower time frames would have not have
worked out so daily Supply and control we want to potentially be looking for shorts here in the USD
Swiss in my opinion and really all I see here is these two four hour supplies ones above and that's
pretty much all I see on the OC switch guys really not a lot I've been telling the dime members as
well not a lot going on in the OC Swiss so going to continue to go on to oil here last but not
least crude oil the past week the banks got rid of 2996 Longs and they added they also added 25
000 shorts remember guys weekly demand zones still in control but I'm just hating oil right
now just kind of just going sideways here kind of just wedging out kind of just not a lot going on
but demand is in control I think long should still be favored here although both sides seem to have
been working and been losing so it's definitely very very confusing so when both sides seem to be
working and there's not a clear Direction what do we do well we simply look for confirmation
if you look at this four hour chart we had four hour demand here and we actually had a four hour
demand Zone at the extreme here didn't really want to draw that one because of these Wicks
but at the end of the day move up not surprised with the demand Zone you know it is the origin of
this huge move up and it is the basing here but very large basing not his own I wanted to draw
but anyways we had a four out of man Zone as well here and I pointed it out to the diamond members
in the daily Market breakdown I said we have four hour demand here we could be looking for 15 minute
Longs but I didn't say just look for Longs and here I said we need to look for confirmation and
here's a clip of me talking about this 15 minute supplies on here that we needed to see your move
for confirmation we are into this four hour demand that we've been look waiting for for a while now
as far as confirmation goes we want to just see this Supply Zone removed here for confirmation so
I'll leave that 50 minute supplies and remove to be removed there remove that that would be
the 50 minute confirmation I'd be looking for coming off of that four hour Demand on oil
so now you guys have seen that that shows the importance of looking for confirmation we don't
want to just be getting in long we want to wait for that confirmation the problem with oil here
is that we've got confirmation so many times but that's okay so with that being said we have new
four hour demand down here we could look for potential Longs coming off that zone or if we
break Above This Supply that'll be confirmation as well and then we could look for long pullbacks
to the upside so just wanted to show you guys the power of Confirmation and the power of not
only knowing when to trade and what zones to look at but also knowing when not to trade and just a
little bit of a bonus for you guys here I'm gonna try to keep it below above the one hour chart but
we have two decent little one-hour demand zones here could be used for day trading confirmation
in to the long side on oil so that was the forecast guys I will see you guys in the next
one and here's the outro I hope you guys found this weekly Forex forecast helpful if it did
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