WEEKLY FOREX FORECAST: UPDATES! DXY, EUR, GBP....Welcome to another Weekly Forex Forecast Update video.
In this video, we will cover the forecasts given in the Weekly Forecast, and allow you to
gauge the accuracy of the analysis.
USD Index, EUR, GBP, AUD, CAD, NZD, CHF
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Weeklymarketsanalysis
XAU/USD 24-28 June 2024 Weekly AnalysisWeekly Analysis:
Analysis/Bias remain the same as last week's analysis dated 16 June 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish internal iBOS followed by a bullish swing BOS
Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line.
Last week's expectation dated 02 June 2024 was for price to pullback following swing and internal pullback and print a bearish CHoCH.
The forthcoming week's expectation is for price to print a bearish CHoCH to indicate, but not confirm bearish pullback.
Weekly chart:
Daily Analysis:
Analysis/Bias remain the same as last week's analysis dated 16 June 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Due to the news on 7 June 2024 whereby China halted reserves buying, Gold sold off, however, from a technical analysis perspective swing and internal structure remains bullish and we are in a Weekly and Daily pullback phase, which has been assisted by the news.
Expectation is for price to continue bearish, react at discount of internal or swing 50% EQ (swing is marked in black, internal is marked in blue) before targeting weak internal high which is denoted with a blue dashed line.
It would not be unrealistic if price continued bearish to the internal or swing low, react at daily demand level before targeting weak internal high.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI.
Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase.
Intraday expectation: Price to target weak internal low
H4 Chart:
Weekly Market Wrap With Gary Thomson: 17 - 21 JuneWeekly Market Wrap With Gary Thomson: Nasdaq 100 Index, GBP, SNB Interest rate, Brent Crude Oil
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- Nasdaq 100 Index Reaches 20,000 points for the First Time
- GBP Awaits Bank of England Verdict: Volatility Ahead?
- SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25%
- Brent Crude Oil Price Hits Highest Since 1 May
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XAU/USD 17-21 June 2024 Weekly AnalysisWeekly Analysis:
Analysis/Bias remain the same as last week's analysis dated 09 June 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish internal iBOS followed by a bullish swing BOS
Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line.
Last week's expectation dated 02 June 2024 was for price to pullback following swing and internal pullback and print a bearish CHoCH.
The forthcoming week's expectation is for price to print a bearish CHoCH to indicate, but not confirm bearish pullback.
Weekly Chart:
Daily Analysis:
Analysis/Bias remain the same as last week's analysis dated 09 June 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Due to the news on 7 June 2024 whereby China halted reserves buying, Gold sold off, however, from a technical analysis perspective swing and internal structure remains bullish and we are in a Weekly and Daily pullback phase, which has been assisted by the news.
Expectation is for price to continue bearish, react at discount of internal or swing 50% EQ (swing is marked in black, internal is marked in blue) before targeting weak internal high which is denoted with a blue dashed line.
It would not be unrealistic if price continued bearish to the internal or swing low, react at daily demand level before targeting weak internal high.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level.
Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low.
Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low.
Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase.
Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low.
H4 Chart:
Weekly Market Wrap With Gary Thomson: 10 - 14 JuneWeekly Market Wrap With Gary Thomson: S&P 500 Index, US Dollar, FTSE 100 Index, Gold Price
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- S&P 500 Index Hits Record after Major News
- Dollar Falls after Inflation Data: is a Change in Medium-Term Trends on the Horizon?
- FTSE 100 Index Declines after Labour Market News
- Gold Price Drops after US Employment Report
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Weekly Market Wrap With Gary Thomson: 3 - 7 JuneWeekly Market Wrap With Gary Thomson: S&P 500, US Dollar, Gold and Silver, MSFT Shares
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- S&P 500 Index: Latest Analysts’ Forecasts
- The Dollar Continues Range-Bound Trading Ahead of US Employment Data
- The Price of Silver Is Acting Weaker Than Gold
- MSFT Shares Surge on Record Yearly Volumes
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CFDs are complex instruments and come with a high risk of losing your money.
XAU/USD 03-07 June 2024 Weekly AnalysisWeekly Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line.
Should this week's candle print the same as last week, price would have printed a bearish CHoCH which indicates, but not confirms, weekly pullback initiation.
Expectation is for price to pullback following swing and internal pullback and print a bearish CHoCH.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
As previously mentioned, most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed.
Price has now printed a bearish CHoCH which is an indication, but not confirmation of pullback initiation.
As mentioned on 24 May 2024, price had wicked above Daily supply zone but was unable to close. This could indicate the possibility of a liquidity grab to drive price bearish to initiate pullback. This happened to be the case.
As mentioned on 26 May 2024, price could react to a Daily demand zone, which price is currently reacting to. However, the demand zone is not positioned well as it is in the premium of 50% EQ.
Price could potentially target the weak internal high which is denoted with a blue dashed line.
An alternative scenario is for price to continue bearish, react at discount zone of 50% EQ before targeting weak internal high.
Daily Chart:
H4 Analysis:
Analysis/Bias remains unchanged from last week's analysis dated 31 May 2024.
Additional comment is that price has done almost exactly as scenario two of my analysis of last week.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation.
I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line.
Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation.
As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below.
Price was failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity.
As previously mentioned, I have started to map internal structure to gain a better understanding of price action.
I mentioned that the blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme of the H4 swing low structure which is marked with a blue solid vertical line. Price has now printed a bearish CHoCH with price currently being contained within an internal range.
Black EQ marked 0.5 is swing range. Blue EQ marked 0.5 is internal range.
Intraday expectation: Scenario one: Price to continue bullish to target weak internal high which is denoted with a blue dashed line.
Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line.
H4 Chart:
xauusd analysis for the week 27/52024- 31/07/2024the last week we have witnessed the biggest fall in a week in last 5 months. what will be going to happen in the coming week is much anticipated thing for traders.
our viewpoint is there will be an upward correction in the trend and the retracement zone for the market is from 2327-2333 area and the growing geopolitical tension in the middle east will also be an add on factor for this correction.
if the market goes below 2321 area of support then we can see a downfall till 2275 extended up to 2253.
bullish targets:
2343
2355
2363
2376
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Weekly Forex Forecast May 20-25th... Part 1This 2 part video covers ...
- USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
- S&P500, NASDAQ, GOLD, SILVER, CRUDE OIL
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Crude Oil Weekly Analysis- 20th to 24th May 2024
Over view
As per my previous weekly analysis, Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks.
Any small bounce from this level would be great bullish indications for good week ahead.
Weekly TF
Price has exactly reacted at 0.382 Fibonacci level which is good sign of bullish continuation.
Good green candle formation after doji formation & crossed 50 EMA
Day TF
Trend: Upward range with 3 consecutive support(HL 01, HL 02, HL 03).
Now HL04 has been created and rejected at same level by creating double bottom.
Inside candle breakout has been found after creating Doji & Bullish hammer.
Price has been rejected from crucial key level
0.5 Level rejected in Fibonacci
Buy:
Entry 01:6691
Entry 02: 6962
Final Target expected: 7235
Direct Gapup/Gapdown entry should be avoided
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required on this particular idea.
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MCX:CRUDEOIL1!
Weekly Market Wrap With Gary Thomson: 13 - 17 MayWeekly Market Wrap With Gary Thomson: S&P500, US Dollar, Gold Price, PEP Stocks
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
The S&P500 Has Reached a Significant Resistance Level
US Dollar Adjusts after the Publication of Inflation Data in the US
Gold Price (XAU/USD) Is Testing an Important Resistance Zone
The Stock Price of PepsiCo (PEP) Is Retracting from its Yearly High
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CFDs are complex instruments and come with a high risk of losing your money.
XAU/USD 13-17 May 2024 Weekly AnalysisWeekly Analysis:
Analysis/Bias remains the same as last week's weekly analysis dated 05 May 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level.
Price is now trading within a fractal high and internal low.
Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
As previously mentioned most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed.
Price is currently reacting at a daily POI.
Expectation: Price to continue bearish, react at either discount of 50% EQ or Daily POI's before targeting weak internal high.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing.
Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high.
H4 Chart:
Weekly Trade Planning SessionThis week's analysis from the daily indexes :
DXY: +VE
EXY: -VE
AXY: -VE
SXY: +VE
JXY: -VE
BXY: -VE
CXY: -VE
ZXY: -VE
The last week's portfolio selection remains unchanged and we maintain the same outlook regarding the indexes.
The pairs going through their correction phase are coming to the end of that phase, and we should expect a trend continuation in those pairs very soon.
GBPUSD:
The downtrend has resumed below 1.2466 in the cable, but you must wait before you sell the GBP/USD. We want to sell the above 1.2564.
EURUSD:
The USD is the driver of the major pairs and the Euro is not excluded. The Daily Chart is a downtrend, using the 4-bar rule, Buy Point: 1.0847 Sell Point: 1.07604
Weekly Market Wrap With Gary Thomson: 6 - 10 MayWeekly Market Wrap With Gary Thomson: UK100, Hang Seng Index, AUD/JPY, GBP/USD, USD/CAD
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
UK100 Analysis: Stock Market Optimistic Ahead Of Bank Of England News
The Hang Seng Index Has Risen By Over 13% In 2 Weeks
AUD/JPY Analysis: Aussie Weakens After RBA Decision
GBP/USD Bulls Struggle While USD/CAD Regains Strength
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GBP (GBPUSD, 6B1!) From Bullish to BEARISHPrice is currently in a W/D1 -FVG. Therefore, I am Bearish.
Look at the position of price in the trading range. Reached into Premium last week, then back into Discount a bit. We Open this week with price heading up, in the near term.
Looking for the signature for sells.
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Weekly Market Wrap With Gary Thomson: 29 April - 3 MayWeekly Market Wrap With Gary Thomson: FTSE 100, US Dollar, USD/JPY, BTC/USD
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
London Calling! FTSE 100 Stocks Flying High Once Again;
The Dollar Is Declining: The Outcome Of The Fed Meeting Disappointed Investors;
USD/JPY Analysis: US Dollar Weakens After Statements From The Federal Reserve Chair;
April Became The Worst Month For BTC/USD Since November 2022.
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S&P500 (ES1!, SPX500, SP500) From Bullish to BEARISH1.
Price swept a lot of low resistance
lows with this bearish impulse, and
created a new Swing Low. This is the
External move.
2.
Price retraced to the -FVG, a
premium PD Array. This is an
Internal Range Liquidity move.
Expecting price to wick up past
the PDH, but close inside the
-FVG, and potentially end the
retracement. Bearish PA should
follow.
Price is in premium prices now, as it
crossed the Equilibrium of the trading
range. Buys are not recommended
until the price action shows a significant
+BOS with a strong bullish close.
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EUR (6E1!, EURUSD) Taking a BEARISH TurnLooking for an Internal to External move this week.
From the Weekly -FVG to the low at 1.06285.
The early part of the week may see price head up to sweep LQ before turning over and dropping.
* Should the 4H show a bearish break of structure with a strong close, it may provide an early signal that the retracement has ended and sells should be sought.
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Forex Weekly Planning Session 28 Apr, 2024Plan your trades and trade your plan. The weekly planning session is one of the most important things you can do as a trader.
In this session, I analysed the Currency Index basket of the USD, EUR, GBP, CAD, CHF, AUD, NZD, and JPY.
The strength lies with the USD, the rest are still in a confirmed downtrend.
USD INDEX (DXY) ... BULLISH OUTLOOKBias is Bullish.
Price has rebalanced the +FVG,
and now looks ready to target
the buyside LQ, providing the
FVG holds firm.
Expecting an Internal->External
move.
We are just shy of the 2nd
standard deviation.
I enjoy any feedback or questions in the comment section.
All opinions are welcome!
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ES (S&P500)... Expecting a short term BULLISH Move!Bearish, but expecting
a short term bullish move.
Price has reached the
4th standard deviation,
swept the LRLR, then
mitigated the +OB. The
expectation now is an
External -> Internal LQ
move.
Wait/watch for signs of
reversal from the current
poi.
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All opinions are welcome!
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GBP (6B1!, GBPUSD) ... BEARISH!Bearish.
Price has raided an old swing
low, and then mitigated a +OB.
Expecting a bullish reaction in
the near term, up to the local
lows. The market will resume
the bearish trend afterwards.
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All opinions are welcome!
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