Fx Forecast week Nov 14th
Special Post US Election Analysis!
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 $EURUSD and the $USDJPY 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 all the Forex Markets the U.S. election sped up the current moves that many already had in play. We are going to summarize the following to that I find most interesting.
$EURUSD has done a prospectively massive move from supply down to weekly demand zone. We’ve been looking to the downside but the Elections pushed it up for one more retest of the high supply zone at 1.1250 before back down and we should be the hitting demand zone at 1.0834 this week.
On $USDJPY, we see our new uptrend playing out in good fashion as the election accelerated the move but not before reloading into weekly and daily demand at the 102 level. Now we see price rocketing to 108 in just the past couple of days. We are expecting for this to continue on as the new uptrend is now firmly formed.
EURUSD – Break new lows looking at a pullback this week and retest the new lows.
AUDCAD – Still looking for a pullback down to 1.0158 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 got the retest of .7600 from last week now looking for a new high inside the daily supply zone at .7753
EURGBP – Still uptrend to continue, Got pullback now looking to retest highs
GBPJPY – Trending is Down, looking for a pullback to the upside this week before continuation(3nd week in a row)
GBPNZD – Breakdown happened, waiting for little retest of supply zone at 1.7485 (4 week still looking for retest to the upside. price is almost there)
NZDUSD – Got the retest of the supply zone at .7408 now looking for retest of demand zone at .7150
USDCAD – Trending long looking for new highs and then pullback to a supply/ new demand zone(2nd week)
USDJPY – New Trend to the upside. looking for price to retest weekly demand @ 102. then up.
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