Welcome to this weeks weekly forex forecast video where do the simple, but powerful top-down approach to identify trending forex pairs with clean price action and to find early entries with big enough targets using key support and resistance zones. Key to long-term trading success is risk-management and right trading mindset to control our emotions.
Our top-down appraoch, technical analysis is done on multiple time frames as Weekly, Daily, 4 Hourly charts.
This weeks video covers technical analysis on: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/JPY.
Our weekly forex forecast video is posted every weekend for the coming week(s).
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the fx market. Don’t trade with money you can’t afford to lose. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Weekly forex outlook opinions on this page are for informational purposes only and are not investment advice. You should do your own research before making any investment decisions and take full responsibility for your own results, performance.
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Editors’ Picks
AUD/USD remains vulnerable near multi-month low after Aussie data
AUD/USD reacts little to better-than-expected Australian Goods Trade Balance data and hangs near a multi-month low touched on Wednesday amid rising bets for an early RBA rate cut. Furthermore, China's economic woes, US-China trade war fears and geopolitical risk undermine the risk-sensitive Aussie.
USD/JPY retreats further from the weekly top, slides below mid-150.00s
USD/JPY struggles to build on the previous day's strong move up to the weekly top and trades with a mild negative bias during the Asian session on Thursday. Bets for a December BoJ rate hike and the overnight sharp fall in the US bond yields lend some support to the lower-yielding JPY.
Gold price lacks firm near-term direction and is stuck in a familiar range
Gold price extends its sideways consolidative price move in a familiar range, awaiting a fresh catalyst before the next leg of a directional move. Geopolitical tensions, trade war fears and the overnight decline in the US bond yields offer support to the safe-haven XAU/USD.
Ripple's XRP could see a price rebound despite retail activity decline, RLUSD launch delay
XRP traded near $2.4 on Wednesday as Ripple Labs clarified that its RLUSD stablecoin will not debut on exchanges despite a rumored launch among crypto community members. Amid a sharp decline in XRP's price, on-chain data shows the remittance-based token still has the potential to resume its rally.
Four out of G10
In most cases, the G10 central bank stories for December are starting to converge on a single outcome. Here is the state of play: Fed: My interpretation of Waller’s speech this week is that his prior probability for a December cut was around 75% before the data.
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