Weekly forex forecast covers forecast on EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, and USD/JPY. Our weekly forex forecast covers technical analysis, price action on major forex pairs , assets using the high-timeframes and market environment.
Welcome to this week's Weekly Forex Forecast video where we do the simple but powerful top-down approach to identify market behavior, direction using the price action. Simple trading approach with powerful money management rules and simple trading rules combined with right trading mindset, psychology is the key to long-term success in trading forex , gold , silver , stocks. Risk management rules and correct trading psychology is our best trading edge, once we learnt to read the price action and market behavior.
In this video we discussed possible great trading ideas ahead on the forex market - major forex pairs (EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, and USD/JPY). By doing the top-down approach, analysis using the high time-frames we can see we have a possible bigger move ahead.
In this forex forecast video we did a simple but powerful top-down approach to identify market behavior, direction. Simple trading approach with powerful money management rules and simple trading rules combined with right trading mindset, psychology is the key to long-term success in trading forex. Risk management rules and correct trading psychology is our best trading edge, once we learnt to read the price action and market behavior.
Our top-down approach , analysis on Forex Majors and weekly forex outlook is done on multiple time frames as Weekly, Daily, 4 Hourly, charts. We post weekly forex forecast videos every weekend. Subscribe, like and comment to stay updated with new trading outlook videos.
I wish YOU a lot of health and success in new trading week.
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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EUR/USD climbs above 1.0800 as weak PMI data weighs on USD
EUR/USD preserves its bullish momentum and trades at its highest level in nearly three weeks above 1.0800 in the American session. The US Dollar stays under heavy selling pressure following the disappointing ADP and PMI data, fuelling the pair's rally.
GBP/USD extends rally toward 1.2800 as USD selloff continues
GBP/USD continues to push higher toward 1.2800 and trades at its highest level since mid-June on Wednesday. The disappointing ISM Services PMI data from the US weighs heavily on the US Dollar and allows the pair to target new multi-week tops.
Gold reaches $2,360 on broad USD weakness
Gold gathers bullish momentum and trades at its highest level in nearly two weeks above $2,360. Following the disappointing ADP Employment Change and ISM Services PMI data from the US, the 10-year US yield declines sharply, helping XAU/USD extend its daily rally.
Crypto Today: Bitcoin erases gains from end of June, Ethereum declines while Ripple holds
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Fed Minutes Preview: Markets to focus on cues regarding the inflation outlook
The Minutes of the Fed’s June 11-12 policy meeting will be published on Wednesday. Details of Jerome Powell and Co’s hawkish hold and their inflation outlook will be scrutinized.