Weekly forex forecast covers forecast on EUR/USD, GBP/USD, AUD/USD, NZD/USD, and USD/CAD 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, and USD/CAD. 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.
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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Editors’ Picks
EUR/USD retreats below 1.0850 after upbeat US PMI data
EUR/USD lost its traction and declined below 1.0850 in the American session on Thursday. Upbeat PMI data from the US, combined with the mixed action seen in Wall Street's main indexes, helps the US Dollar gather strength and weighs on the pair.
GBP/USD falls toward 1.2700 as USD benefits from PMI data
GBP/USD came under modest bearish pressure and declined toward 1.2700 in the second half of the day on Thursday. The US Dollar (USD) benefits from the PMI data, which showed an ongoing expansion in the private sector at an accelerating pace, and weighs on the pair.
Gold extends slide below $2,350.00
Gold stays on the back foot and trades at its lowest level in over a week below $2,350. The benchmark 10-year US Treasury bond yield rises more than 1% following the stronger-than-forecast PMI data from the US, forcing XAU/USD to stretch lower.
As Ethereum spot ETF approval nears, these altcoins could explode
It is not surprising that altcoins related to Bitcoin saw a major rally post-Bitcoin spot ETF approval. Likewise, tokens closely related to Ether could ride the ETF approval wave. Ethereum Classic, Pepe, Floki and other DeFi tokens could gain momentum as the ETH ETF approval deadline nears.
US S&P Global PMIs Preview: Economic expansion set to persist in May
On Thursday, S&P Global will issue its flash estimates of the United States (US) Purchasing Managers Indexes (PMIs), a monthly survey of business activity. The survey is separated into services and manufacturing output and aggregated into a single statistic, the Composite PMI.