Fx Forecast week Nov 07th
Join us As we look at trading supply and demand zones on the Forex markets join us as we use our trend follow approach to use supply demand zones in the direction of trend. Here’s our Fx forecast for these following pairs:
We are looking at the AUDJPY and the EURGBP this week with the APA Zones supply and demand zone trading software. We use our sophisticated neural network to identify trend with zone logic.
On the $AUDJPY we are looking for price to continue to push upwards after bouncing off our 80.63 daily supply zones to the ‘T’. Price has now pulled back to 78.60 demand zone and is looking to retest up that 80.63 level. That is where we see price going is up with the newly formed trend that is rolling over now.
On the $EURGBP we finally got the start of the true retracement down to the .8843 demand zone that we have been looking for for the past couple of weeks. Sometimes our forecast not only one week predictions but severals weeks to a month out.
EURUSD – Broke to new low, looking at a pullback this week and retest the new low.
AUDCAD – Look for a pullback down then up again and break the highs,
AUDJPY – Price is doing something new. Trend roll over. looking long for a second retest of the supply zone 80.63 this coming week.
AUDUSD – We are breaking out of the wedge to the upside. But first we are looking for price to pullback to .7600
EURGBP – Still uptrend to continue, Looking for a pullback to demand zones @ .8843(4nd week in a row)
GBPJPY – Trend is Down, looking for a pullback to the upside this week before continuation(2nd week in a row).
GBPNZD – Breakdown happened and waiting for little retest of supply zone at 1.7485 (3 week still looking for retest to the upside).
NZDUSD – This week looking for the retest of the supply zone at .7408
USDCAD – Trending long looking for new highs and then pullback to a supply/ new demand zone.
USDJPY – New Trend to the upside. looking for price to retest weekly demand @ 102. then up.
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