Weekly Forex Forecast: USD is Bullish In The Short Term!
Updated
The USD Index closed last week very bearish, trading through the previous week's low. A pullback makes sense for this week, at least for the beginning of it. With NFP coming on Friday, trading up until Wed may be the safest way to go.
Check the comments section below for updates regarding this analysis throughout the week.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Transcript
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Transcript
Note
USD INDEX
The early show of strength was expected, and it showed up! Price pushed higher into the -FVG, but did not close above it. Tuesday's candle has gapped up upon the open, inside the same -FVG. WIll it start to work its way down, per the forecast? We'll see how it plays out.
Note
Price finally dropped from the highlighted -FVG, sweeping the low of the week. Tomorrow looks like a sure sweep to the Previous Weekly Low, our SSL target. Trade closed: target reached
USD INDEX reached our targets highlighted in the forecast. Swept the PWL and traded into the +FVG as expected.
We had to exercise some patience and vigilance, but we got achieved the outcome we planned for.
Congratulations to those that benefited from the forecast!
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