WEEKLY FOREX FORECAST 15TH-19TH JULY 2024As traders prepare for the trading week of July 15th-19th, 2024, a balanced approach integrating fundamental analysis, technical insights, and awareness of market sentiment will be crucial. The forex market's reaction to economic data releases and geopolitical developments will likely dictate currency movements, with traders advised to maintain flexibility and adhere to robust risk management strategies.
Forexweeklyforecast
USDJPYUSDJPY we can see that its in a long term uptrend, but we cant expect market to be going bullish without some retracement, we might likely see a retracement to 130.883 level before we see the continuation to the upside but if you are not interested in the retracement you can wait for the break of the 137.400 level to buy.
THIS IS BASE ON MY PERSPECTIVE BASES ON THE TECHNICAL VIEW. NOT A FINANCAIL ADVICE
AUDUSD Weekly ForcastThis week I see AUDUSD rising at least to the upper side of the daily channel.
We had a nice stong bounce and momentium seems to be on our side. We also had divergence on the last leg down to confirm the weakness in the bears.
My idea will be invalidated if price breaks below the weekly support and continues lower
Forex Weekly Forecast: Jun 14 - 18thWelcome to the latest Forex Weekly Forecast. I analyze 18 pairs, and put them on my Watchlist. Check the timestamps for the ones that aren't on the Watchlist. Remember, just because they aren't setting up today, doesn't meant they won't be near an entry during the week! So stayed tuned for updates!
00:00 Intro
00:09 DXY
02:37 USDCAD
04:05 USDCHF
05:07 GBPUSD
06:42 GBPCHF
07:44 GBPCAD
09:45 EURUSD
11:21 EURJPY
14:25 EURCHF
16:01 EURNZD
17:15 AUDCHF
19:11 AUDNZD
20:41 CADCHF
22:37 CHFJPY
23:56 NZDUSD
25:13 NZDJPY
26:28 NZDCHF
29:01 US30
We are going to look into depth on the above forex markets, using top down analysis. If you have a question on any of the content, please leave a message in the comments section. For beginners, this is how you analyze forex markets, identify supply and demand zones, key levels of support and resistance, and look for swing trade setups.
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