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 hits fresh six-month lows near 1.0550
EUR/USD is holding lower ground near 1.0550, sitting at fresh six-month lows in the Asian session on Wednesday. The US Dollar remains firm, benefiting from risk aversion, maintaining the downward pressure on the pair.
GBP/USD unable to recover ground remains under pressure
GBP/USD stays at monthly lows near the 1.2150 area. It continues to move with a bearish bias, offering no signs of stabilization as the US Dollar holds to its strength on the back of risk aversion.
USD/JPY oscillates in a range around 149.00 mark, just below the YTD peak set on Tuesday
The USD/JPY pair struggles to gain any meaningful traction on Wednesday and oscillates in a narrow trading band through the Asian session. Spot prices currently hover around the 149.00 mark, just below the highest level since October 2022 touched on Tuesday and move little in reaction to the Bank of Japan (BoJ) policy meeting minutes.
Editors’ Picks
AUD/USD holds recovery gains near 0.6400 after hot Australian inflation data
AUD/USD is keeping its recovery mode intact near 0.6400 after Australia’s monthly Consumer Price Index (CPI) rose 5.2% in the year to August 2023, as expected. Investors assess the inflation data ahead of next week's RBA policy meeting.
EUR/USD hits fresh six-month lows near 1.0550
EUR/USD is holding lower ground near 1.0550, sitting at fresh six-month lows in the Asian session on Wednesday. The US Dollar remains firm, benefiting from risk aversion, maintaining the downward pressure on the pair.
Gold remains on the defensive near $1,900 amid the USD demand
Gold price attracts some sellers around $1,902 during the early European session on Wednesday. Precious Metal faces some selling pressure due to a rally of the US Dollar (USD) ahead of the highly-anticipated inflation data on Friday.
Ripple and Coinbase lead the big fight as US crypto firms advocate for regulatory overhaul
Ripple Labs is standing shoulder-to-shoulder with US-based cryptocurrency exchange Coinbase as crypto firms in the US push for a regulatory overhaul in the country. It comes amid growing concerns that stringent and unclear regulatory structures in the US continue to drive business away from the country.
U.S. government shutdowns & U.S. Dollar implications
A potential U.S. government shutdown that could start October 1st looms, the chances of which are more or less seen as a coin flip at this point. Should a shutdown transpire, there could be a negative impact of the U.S dollar, albeit one that is likely to be modest and short-lived.
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