Updated

Weekly FOREX Forecast: USD Is Strong Vs EUR, GBP, AUD NZD

This is an outlook for the week of Nov 4 - 8th.
In this video, we will analyze the following FX markets: USD Index, EUR, GBP, AUD, and NZD.

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Note

USD Index:
Market opens with a HUGE VOLUME IMBALANCE!

This is what I was getting at in the video! This week will see some wild volatility. Not the greatest conditions to trade in.... or analyze! LOL!
The opening gap is likely a harbinger of things to come.

Note

USD Index:
Market opens with a HUGE VOLUME IMBALANCE!

Note

EUR:

Look at that huge Market Open gap! Not cool!
But price did make it up to the POI last week, the Weekly -FVG, and continues to print respect candles. The wicks indicate that the bears are holding price at bay, and want to continue lower. I have the sell side liquidity targets marked below. Also, note that the -FVG is the IRL, and the next target should be the ERL target.

Note

AUD:

The Aussie has reached our POI. Note the huge respect candle printed. Price was rejected nicely from the Weekly -FVG. I am looking to see the Internal Range Liquidity to External Range Liquidity move completed now. The sell side liquidity targets are set below at the swing low.

Note

NZD:

You can see clearly on the Weekly TF, that price has reached the -FVG, as AUD and EUR has done. Looking for the same IRL to ERL move. The SSLQ target is set. We'll see how it goes.

Note

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Note

EUR:

Price ran up into the -FVG and took a sharp downturn! We are halfway to the sell side liquidity targets. We'll see how the candle closes first, before we get too far ahead of ourselves!

Note

USD Index:

Price reached the Weekly +FVG, as highlighted in the forecast, and rallied. Today, there was a gap up, no wick/shadow, and looks to be on the way to the buy side liquidity target. But this is Election Night in the US, and buyers and sellers will be purged before the real move comes! Be careful!

Trade closed: target reached

EURUSD:
All forecasted targets smashed! Congratulations to all that followed this idea!

Note

AUDUSD: Weekly target smashed! Congrats to those that followed this idea!

Note

NZDUSD: Weekly target smashed! Woo-hoo! GG to all those that followed the idea!

Note

USD INDEX: Reached both BSLQ targets during London! Smashed, as forecasted.

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