Weekly forex forecast covers forecast on EUR/USD , GBP/USD , AUD/USD , NZD/USD , USD/CAD , USD/JPY / Gold (XAU/USD) , Bitcoin (BTC/USD) , S&P500 , Crude Oil Forecast.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 markets - EUR/USD , GBP/USD , AUD/USD , NZD/USD , USD/CAD , USD/JPY / Gold (XAU/USD) , Bitcoin (BTC/USD) , S&P500 , Crude Oil . 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,
-Trader Zan from BecomingTraderFX
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.
Editors’ Picks
EUR/USD posts modest gains below the mid-1.0800, US ISM PMI eyed
The EUR/USD pair snaps the four-day losing steaks during the Asian trading hours on Tuesday. That being said, the renewed US Dollar lends some support to the pair. The major pair trades around 1.0840, gaining 0.05% for the day.
GBP/USD closes in on 1.2600 as mood sours
GBP/USD stays on the back foot and trades near 1.2600 in the American session. The US Dollar continues to find demand as a safe haven and weighs on the pair while major equity indexes in the US push lower after the opening bell.
Japanese Yen hangs near daily low against USD; USD/JPY flirts with 100-day SMA support breakpoint
The Japanese Yen is seen extending its steady intraday descent against the USD through the early European session. An uptick in the US bond yields revives the USD demand and helps USD/JPY to rebound from a multi-month low. A softer risk tone and rising Fed rate cut bets should cap any meaningful upside ahead of this week's key macro data.
Editors’ Picks
AUD/USD defends 0.6600 after strong China's PMI, RBA in focus
AUD/USD is defending 0.6600 after China's Caixin General Services PMI beat estimates with 51.5 in November. Investors await the Reserve Bank of Australia policy decision on Tuesday. The RBA is set to hold the interest rate at 4.35% amid cooling inflation.
EUR/USD posts modest gains below the mid-1.0800, US ISM PMI eyed
The EUR/USD pair snaps the four-day losing steaks during the Asian trading hours on Tuesday. That being said, the renewed US Dollar lends some support to the pair. The major pair trades around 1.0840, gaining 0.05% for the day.
Gold hovers around $2,030, US Services PMI eyed
Gold edges lower to $2,030 during the early Asian session on Tuesday. Meanwhile, the US Dollar Index rose to 103.60 and the Treasury yields edge higher, with the 10-year yield recovering from 4.24% to 4.32%. XAU/USD price is trading around $2,030, up 0.12% on the day.
Nayib Bukele demands apologies as Bitcoin grows bigger than Visa, Tesla and Bank of America
Bitcoin price noted stellar growth this past year, rising by more than 150% and hitting $42,000 in the past 24 hours. This growth has made Bitcoin the tenth biggest asset in the entire world, imbuing confidence in BTC enthusiasts, including the president of El Salvador, which is evidenced by his recent tweet.
RBA Interest Rate Decision Preview: Hold expected as central bank could leave door ajar for more hikes ahead
The Reserve Bank of Australia is set to pause its tightening cycle once again, leaving the Official Cash Rate (OCR) unchanged at a 12-year high of 4.35% following the conclusion of its December monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT.
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