Weekly Forex Forecast: EURUSD, XAUUSD, DXY, GBPUSD, XAGUSD, USDJPY, USDCAD, BITCOIN & More!

Hinzugefügt: 2026-05-23

[00:00:00]The macro picture is becoming crystal clear and it's setting up one of the most explosive forex moves we've seen in over a year. The OECD have just confirmed global growth is slowing and this comes at a time when inflation expectations are turning higher in the US, the largest economy in the world.

[00:00:15]And because of this, markets are now pricing in a fresh rate hike from the Federal Reserve later this year. And this is all coming at a time when forex volatility is sitting at a 2-year low.

[00:00:26]This is a massive warning that the next explosive move in forex is just around the corner. For those of you new to the channel, my name is John Fortune. I've been trading financial markets for over 18 years. And in today's video, I'm going to show you exactly why I think the next explosive moving forex is coming in the US dollar. Why the dollar to the long side is one of my top themes heading into next week. I'm going to share with you my overall trading plan, including the key buy and sell zones, not just in the dollar pairs, but also in some of the non- US dollar pairs, which are setting up the best opportunities heading into next week.

[00:00:56]Okay, so kicking off with the dollar on the multi charts here, and I've got the daily time frame, the 4hour time frame, the monthly, and the weekly. The first thing I want to draw your attention to is this, this nearly year-long consolidation in the dollar. Why is this important? because we've just discussed the fact that forex volatility is at a 2-year low and it's reaching levels that is consistent historically with a rebound. In other words, forex volatility going into the future is likely to bottom and start to trough and start to pick up. Now, when that happens, this means you are going to see the US dollar also picking up volatility. It's going to start finding direction. The question then becomes which way is the dollar going to go? Is it going to go up or is it going to go down? So, based on what we're seeing here technically, there's a couple of things that are really interesting. We just talked about the macro view whereby we're getting kind of stagflation. We're getting global growth slowing but inflation is actually picking up because of the conflict between the US, Israel and Iran. So from a macro standpoint we are looking at bullish fundamental drivers for the US dollar. Crude oil is going higher. Yields are going higher.

[00:01:58]Interest rates are now being priced in in the US this year. And when that happens, who is the big winner of this?

[00:02:03]It is of course the dollar. Even when you get slower growth, the dollar at some point does tend to benefit from this as well. So, we're now starting to see money flowing into the dollar and it's suggesting fundamentally we should expect a breakout to the upside. So, let's now pair that fundamental view in the dollar with the technicals. Well, what's super interesting here is we are forming a pattern known as an inverse head and shoulders. Last week, we actually had a solid up week for the first time in a couple of months. And this is all taking place at the bottom of a massive channel going all the way back to the 2008 crisis. So when you tend to get big moves in foreign exchange or really any markets, it tends to be a convergence of the fundamentals, the macro drivers of the currency in this case and also a technical setup.

[00:02:54]So, an inverse head and shoulders reversal setup with a bullish fundamental driver right at a multi-deade trend line is beginning to paint a picture of a bullish breakout to the upside as volatility starts to pick up in forex once again. And if we zoom down into the monthly time horizon, we can start to get an idea of when this can take place. And if you look at the fact that we are putting in this reversal month in the dollar, it suggests that we're probably not going to get a major breakout next week. But we are most likely going to get a breakout in subsequent weeks, perhaps even as early as next month. Why?

[00:03:34]Because once we've closed this monthly candle, you have a reversal candle and then what follows usually if you are going to get a big move is the follow-through candle. You don't usually get follow-rough candles from the lows.

[00:03:44]You see right here, you get a bit of a slowdown this candle and then the next candle explodes. So, it sells off, you kind of get a pause and then the next candle can explode to the upside. So, going into this week as well, the US dollar is one of my top long themes. I am looking to be a buyer of dollars and I'm going to show you exactly where I'm going to be looking to buy and sell dollars as we go through the Forex pairs in today's video.

[00:04:11]Okay, so before we run through the charts, let's look at the portfolio selection to see what we want to be long and what we want to be short heading into next week. As a priority, we've already discussed I do want to be long the US dollar. The Canadian dollar is also starting to outperform on a quantitative basis and this is because of that price of crude oil really holding up. It's increasing the demand for the Canadian dollar through the balance of payments. So I am looking to be long the Canadian dollar next week as well primarily alongside the US dollar.

[00:04:39]And then we also have the Australian dollar and the Swiss Frank. Now both of those currencies are kind of evenly matched to the upside. The Aussie has been quite good. You know it's got that carry trade feature which we discussed in last week's video which is still creating strength in the Aussie relative to some of the other currencies. But last week we had an unexpected jump in the unemployment rate in the Aussie and it's taken the shine off of Aussie longs a little bit. So going into this week, I do favor the US dollar, the Canadian dollar, also the Aussie and the Swiss Frank. We can look at to the long side.

[00:05:08]And to the short side, we are looking at the Japanese yen. But here's the problem. Yes, the Japanese yen is pretty much the top short heading into next week, but we're right at the point where the BOJ tends to intervene. So if we go short the Japanese yen next week and the BOJ intervene, we're going to be on the wrong side of it. So it's not a fantastic short because of that, because of the threat of BOJ intervention. My favorite short heading into next week is the euro followed by the New Zealand dollar and also we're going to be looking at the pound to the short side visa v the other currencies. So we will be looking at all the dollar pairs but we'll also be looking at pairs like New Zealand frank pound frank. We'll also look at euroad eurozie to the downside and we're also going to look at pairs like Aussie New Zealand to the upside as well in today's video. And remember guys if you enjoy these videos or you feel like you get any value at all out of them be sure to like, share and especially to subscribe. And if you're on a mobile device, you can also hype the videos. It really helps when you do that. And as always, I want to say a massive thank you to everybody who does that on a regular basis and everybody who has subscribed to the channel so far.

[00:06:14]Okay, so kicking off the dollar pairs with Euro dollar. Starting with the buy and sell zones next week. You can see in this case the sell zone, which is what I'm primarily interested in based on the portfolio selection we've been looking at. This is where we want to start to look for shorts next week. This is where I will personally be looking for shorts in real time with members next week. The 1.17017.

[00:06:36]What I really like about this is you can see we've just started a trend change to the downside. So a trend change takes place when you have a lower high and a lower low. This is the definition of a trend change. It can be a counter trend move which would be an ABC or it can be an impulse move in the direction of the trend which is a known as a primary trend. So whether it's a secondary trend or whether it's a primary trend when you have a lower high and then a lower low or vice versa if it's the other way around then this is when you get the trend change. So we can say the trend has changed you know it may be a debate whether this is a primary trend or a secondary trend but we want to be really looking based on the portfolio selection to the short side. So any kind of pullback I'm going to be looking for a rip higher into the sell zone which is the 1.1707 and this is where Euro dollar becomes overbought next week. So, think about this. We got a market which we're looking to be short and I'm looking for this market to actually turn overbought.

[00:07:29]That's where I'm looking to pull the trigger on a short in the direction of the trend. And for those of you who have downloaded the free strategy guide in the pin comment description below, you'll know this setup is a rip into the sell zone and the moving average is sitting right there and a flip. We're looking for one or two days flip lower.

[00:07:45]Although, you can swing trade it, especially when you have a trending market like this back down to the lows.

[00:07:50]And I do think we're heading back down to the lows and further in Euro dollar.

[00:07:54]And I'll show you exactly where on the multi charts now. So if we pull up the multi charts, here's what I'm looking for next week. I'm looking for a move up into the sell zone, which is the 1.1701.

[00:08:04]And there's a really nice 4hour resistance right here. So we turn over bought during the week. We trade into a key area of resistance. There are traders who are attempting to buy this and I would be looking to take the other side of that. And as they pull their positions, as they liquidate their longs, you get this reversal in the other direction for one or two days and then you can get the follow-through move, you know, in subsequent weeks.

[00:08:27]Now, the reason why I do think we are coming down further is not just because of the portfolio selection and what we've discussed in the dollar, although that's the fundamental backdrop of it, but also if we just look at this on a technical basis in the monthly time horizon, we actually sold off. We've got this head and shoulders, which is mirroring what we just looked at in the DXY with the inverse head and shoulders.

[00:08:46]But notice how we close down below the 9 EMA in the monthly. This tends to open up the next moving average, which here is the 20 EMA at the 1.14208.

[00:08:55]So it does look like we're heading down towards at least the prior month's lows.

[00:08:59]And in my opinion, most likely down to the 1420.

[00:09:03]So it would be roughly kind of here. And on the way down, it's most likely going to do this, you know, pull back, push down, pull back, push down. It may even, you know, do this a couple of times before it gets down there. or it may just do it once and come straight down.

[00:09:17]Either way, as we turn overbought, overbought, overbought, this is where I'm going to be looking to sell rips in Euro dollar. So, a trade above the 1.1701 next week is where I'll be looking for a short specifically from this 4hour high and I'm going to be looking for a one or two day reversal. I do think Euro dollar to the short side is a fantastic market heading to next week. Next is pound dollar. Now, pound dollar is a market I'm only looking to be short next week. We actually pulled back to the sell zone last week. It was right here. And you can see this was the Monday Tuesday reversal we were talking about in last week's video in the pound pairs. We had this kind of rip right into the Monday into the Tuesday almost into the cell zone. It got right I mean basically wicked it and then it just stopped. It just it just stopped. It moved sideways. So really what was looking for last week was a selloff. you know, just as we had this kind of weakness into the close and then we got this really strong snapback and liquidation of shorts after this really strong rally. I was actually looking for a kind of liquidation back down, but we kind of got what we would call kind of a sticky market. The market kind of pushed into its sell zone and then just got stuck. Instead of liquidating, it just kind of stuck there. So, there was an opportunity to make money shorting the pound last week, but it was a very narrow window because a bunch of the pound pairs either just stuck in position or they didn't reverse at all.

[00:10:36]So going into this week, I am looking for a short. I would like to see this break higher. And look at this setup here in the sell zone. If we trade into the 1.3567, this is where I'm going to be looking for that potential right shoulder. So really what we're doing is we're looking for that overbought level that we can start to get short because the odds are stacking up for a sell-off. And then we're looking for that confluence of where can we find a nice key of resistance. And in this case, it would be a right shoulder in the sell zone at the 1.3598.

[00:11:05]So that's what I'm going to be looking for next week in pound dollar. It's an if then process. If we do this, then I will be looking to short it. And if we have a quick look at the multi charts, you can see what I was talking about.

[00:11:15]This was the Monday, Tuesday reversal, rip higher, and then we kind of pushed up and look at how we just kind of started to make higher lows, but we also didn't go anywhere. So it's actually a little bit of a bullish pattern, but it's in an overall kind of bearish market, so it's probably going to fail.

[00:11:28]So, what I'd be looking for is that push higher next week. Can we get the push into the left shoulder above the sell zone at the 1.35678?

[00:11:37]If so, then I'm going to be looking for a short for one or two days. You could probably look for the 50 period moving average as a target in the daily time horizon. Next is New Zealand dollar.

[00:11:46]Now, the sell zone next week starts at the 0.59182.

[00:11:51]And we also have a very similar setup whereby we have this left shoulder. we have this kind of head and any pullback into this area would be a textbook head and shoulder setup for a short for one or two days. You know, back to the moving average down here if you wanted to use this as a target or for the next swing low because of course if this is going to hold as a right shoulder, then the confirmation break would be down here. And that as a major reversal pattern to the downside fits in exactly with what we looked at in the dollar with that kind of inverse head and shoulders in the weekly time horizon on the monthly trend channel. And at the same time, you know, those fundamentals for a stronger dollar. Now, the only other thing to note is we do have an interest rate decision out of New Zealand on Wednesday. So, here's how I'm going to be specifically looking to play New Zealand next week. If we jump over to the multi charts, I can only short this market. It doesn't matter what happens in the interest rate decision. I can only short this market. And so what I'll be looking for is this. A simplified version will be if we can push up into the sell zone on Monday.

[00:12:54]That means we pretty much have 2 days until the interest rate decision.

[00:12:57]Whenever you take out upper or lower bounds or buy and sell zones, you know, a couple of days before an interest rate decision, there's a very very high chance that they hold because money doesn't come in, real direction doesn't come in until the actual interest rate decision itself. So, if we get this early in the week, then I'll be looking to short that and be in and out before the interest rate decision. Otherwise, what I'd look for in the interest rate decision is either a kind of neutral or bearish outcome. If you get a really bullish outcome, you don't have to buy this market, but you might just want to sidestep it. You might just want to say, well, I don't want to short it because we just had a very bullish catalyst for the New Zealand dollar, so I don't really want to short the New Zealand dollar. You go and short, you know, something else against the dollar. But if you get a kind of neutral outcome, then generally speaking, it's almost as if the interest rate decision hasn't taken place. So we just trade this as normal. So I would look for volatility post interest rate decision, any kind of push higher and that would be the left shoulder off of last month's high essentially over here. So that's what I'll be looking for after Wednesday. And the other thing would be if you get a really bearish outcome from the RBNZ, then you could look for the breakout trade. So essentially what happens is it just consolidates you know into the interest rate decision and then you get a really bearish outcome. It sells off the moving averages follow it and you can look for that kind of bare flag pullback in New Zealand dollar to the downside. But me preferably what I'll be looking for in real time with members next week is a short above the 0.59180 as long as we don't get a really really bullish outcome from the RBNZ. If we do then I'll probably just sidestep shorting the New Zealand dollar altogether next week. Next is US dollar CAD. Now, we're looking at two strong currencies versus each other here. So, when you have a kind of neutral currency, quantitatively speaking, or currency pair, and that would be either if you have two weak currencies paired against each other or two strong currencies, they tend to range. Now, what this does is this allows us to range play these markets. And when you're range trading, you can buy support and sell resistance. When you are trading in a market which is strong, selling resistance is not a great policy. you only want to be buying support. And when you're trading in a weak market, buying support is not a good policy. You only want to be selling resistance. But if you've got a neutral market, you can sell resistance and you can buy support. So going into next week, you could trade this both ways.

[00:15:16]However, the setup that I would prefer is this. I would like to see this coming down because the moving average is sitting in the buy zone and that actually shows even though these are two kind of fairly matched currencies and overall, you know, they could start to range. Well, as it currently stands right now, we are seeing a little bit of an uptick in momentum here in the US dollar CAD to the upside. So, I'd like to see this pull back. This would actually be a dip and flip. So, it dips down into the moving average, which is also in the buy zone. And this is where I'm going to be looking for a one or two day reversal to the upside next week in US dollar CAD. Notice how we also have really nice daily support just here. So, this is actually a really good setup heading into next week. And if I pull up the multi charts, you can see that support level is last week's low. So if we come all the way down and take out last week's low, last week's low is going to be a really good place that I'm going to be looking for a one or two day bounce back inside the range. And that is really the preference for next week.

[00:16:15]But if we trade into this high up here, so again, it's an if then process. And the reason why I'm looking short and long is because it's neutral market. If we trade into this high, I may consider all other things going on. I may consider a potential short from this high which is last month's high instead of last week's low and I would again just be looking for a one or two day reversal in this case back towards the moving average. But overall the setup that I like the best would be a trade into last week's low in the buy zone looking for that one or two day bounce from the daily 20 period moving average.

[00:16:48]Next is US dollar frank. Now this is another market which is something we could look at more as a range play. You can see also just intuitively it's crisscrossing the moving average which shows that this is a market which is ranging. So it's kind of a neutral market. Again it really does show that the US dollar and the Swiss Frank are both currencies we kind of want to be looking to the long side. These will be other currencies next week. Now out of the two of these when we look at the multi charts in a second you will see that there is a really nice ascending trend line which sits right here. But we also have sitting in the sell zone which starts at the 0.7919.

[00:17:23]We also have a really nice daily resistance. So we can either look to be short from here for a one or two day reversal back inside or we could even look at the buy zone which is 0.7775 and a bounce off of ascending support.

[00:17:37]So if I pull it up in the multi charts you can see here what I'm talking about.

[00:17:40]If I just zoom out a little bit you can see here is the key of resistance which is sitting in the sell zone. There's the sell zone I've added to the chart.

[00:17:48]There's the buy zone or below this level is the buy zone. Above here is the sell zone. And so any kind of pullback, I mean, look at the 50 period moving average. Look at all of the moving averages here in the daily. They're just crisscrossing each other. So any kind of pullback to the 0.77750, this is an area we could start to look to buy any kind of bounce from the ascending trend line and also the prior low. And at the same time, if we push up into this area, we can look for a potential short for one or two days back to the 50 period moving average. I think on balance based on what the quantitative data is saying and the way the macro data is setting up I would prefer to look for a long opportunity from the lows and a short from the highs might be a little bit more risky because if we are going to start see yields going up and we're going to see a reaceleration of inflation the Swiss Frank tends to be the other side of the carry trade. People sell Swiss Franks because interest rates are low there.

[00:18:42]They sell the Japanese yen. So the Swiss Frank is probably more at risk of turning weak as opposed to actually being weak now. So I favor the buy the dip opportunity next week in US dollar frank if it gets there. I do think there are better setups however next week.

[00:18:58]Next is USD JPY. And look at the volatility drying up here. This is crazy. The volatility here has completely evaporated. Nobody wants to buy this because the BOJ could intervene and nobody wants to short it because it's at a place where this would be a major breakout. Again, we'll look at this in more detail on the multi charts in a second. So, nobody really wants to buy or sell it and as a result, it's just kind of gone sideways and it's barely moved. Now, going into next week, the sell zone is at the 160.63. The buy zone is the 157.66.

[00:19:31]On balance, if we push into the sell zone, I would probably prefer, you know, to look for a short because of BOJ intervention above 160. It is a bit of a risky trade. You know, when you're trading, there is an argument to be made that, you know, going for the lowhanging fruit and the easy setups over and over and over again is going to pay you and cap your downside more than going for the hero trades of, you know, trying to be on the right side of BOJ intervention. Because if you get it wrong and this starts to pull away to 16263 before they intervene, you know, the intervention may just end up being something where you have to use it to cut your losses or you may even end up bailing out of the position before then and taking a bigger loss. So US dollar yen, it's not a fantastic opportunity in my opinion next week. I don't really want to short it at the highs even with the BOJ and I don't really want to buy it with the BOJ threatening to intervene. So those are the buy and sell zones. I do think there are better markets to be trading currently in forex. Okay, so the final US dollar pair before we move on to Bitcoin, Ethereum, and then we're going to look at some of the non US dollar forex pairs setting up next week. But Aussie dollar is a market which is two strong currencies against each other. Until last week, we've actually been seeing the Aussie as the number one long. It's been picking up investment with the carry trade which has been taking off and at the same time we've been seeing very strong data. Now, last week we did have the unemployment rate in Australia coming out weaker than expected and this has just kind of taken the shine off of the previous Aussie rally, but it is still benefiting from the carry trade and the high yield relative to other currencies. And it is still one of the top longs going into next week. So, we have a situation where we could again, you know, range trade this. Again, look at the moving average kind of in the middle of the range. We could range trade it looking for a short from the sell zone or we could potentially buy in the buy zone. Now, out of the two of these, because the US dollar does tend to do better than the Aussie and so that's 0.1, but point two, I do think there's a much nicer clearly defined area of resistance over here on the left shoulder, which I would be happier shorting from, than down in the buy zone, where you can see the next gear of support is almost at the second lower bound. So out of the two of these, I would prefer to look for a short. But if Aussie dollar pushes up into this area, guess what? New Zealand dollar's probably pushed up into this area. It's a better short in my opinion. Euro dollar's probably pushed up into the zone. It's a better short in my opinion.

[00:21:59]Pound dollar has also probably pushed up into the sell zone at that point. That would be a better short in my opinion.

[00:22:04]And if we just look at the bigger picture here, you could see that would be the left shoulder kind of. And again, we're only looking for one to two days reversal. This is not the kind of market you would try to swing trade. Euro dollar was kind of doing this. It pulled back and it's pushed up into this area.

[00:22:19]So you short Euro dollar from the sell zone. This is definitely a market you could, if that was your strategy, swing trade down to the lows or attempt to swing trade. The longer you hold a position, the higher the risk of you taking a loss. But Aussie dollar, for example, if we did short it from here next week in real time with members, I'd be looking just for one or two days. I'd be looking to be in and out just a one or two day trade because, you know, this is a market which overall, you know, is actually still trending higher. Yes, we're kind of almost predicting the reversal based on the macro and everything else we're looking at, but it's still overall pretty strong. And again, the Aussie, you know, rather than shorting this, I'd rather go and buy the Aussie versus the euro and the New Zealand than sell it versus the US dollar. Okay, so let's have a look at Bitcoin, Ethereum. Starting with Bitcoin. Now, we have started to get that turn we've been discussing in previous videos been highlighting the fact that we're kind of stairstepping back to the prior low and that we are still in a bare flag and this is likely to resolve itself to the downside. Now, think of the portfolio selection we've just been through and the macro backdrop of the US dollar going higher with inflation expectations with interest rates now being priced in. This is going to be bearish. This is riskoff. This is going to be bearish for cryptocurrencies, Bitcoin, Ethereum. And it does look like if we are going to get that dollar breakout, which seems to be on its way as early as maybe next month, then this is most likely going to push crypto back down to the lows and resolve these major weekly bare flags we've been looking at. So, we have now broken back down below. We bounced off the top of the channel and we've broken back. And this was the area I was saying to you guys, we're likely to get that kind of reversal from the stair step and the top of the channel. We break back down to the target to look for was the high of the inside candle month. And now we've broken, we've tested that and we've broken down below it. This is where we can continue. Now we've taken this out.

[00:24:13]The next target is the channel low. And then after the channel low on the breakout, it would be back down to the inside month low. So I do like Bitcoin for shorts. I do have a bullish bias in the dollar as one of the top long themes, which is a headwind for crypto.

[00:24:26]And so any kind of pull back into this area, we do have a nice kind of channel forming in the 4 hours. And this would also be a retest of the underside of the daily 50 EMA. So I'd be looking for that pullback possibly into the 4hour 50 EMA as well. And I'd be looking for the next move down to the channel low, which is roughly here at 70,000. Next is Ethereum. Now I've been highlighting the fact that Ethereum is weaker than Bitcoin on a relative basis. And after we broke down below the 20252.0 06 which was highlighted in last week's video. This was where we were looking to come down to the bottom of the channel and we have now accomplished that and now we're back into this kind of wait and see mode. You know, you get the opportunity between these kind of ranges or between these areas of resistance or support. So once we broke the 25206 that was the opportunity down to the channel bottom. Now you've got buyers stepping in trying to buy this. Is it a good idea? You know you're at the channel bottom. I would suggest not based on everything we've discussed in terms of the macro and the dollar and everything else. So what I would be waiting for here is you know as buyers step in shorts from here that's a great place to be looking to book profits and then waiting for the next break lower which is below the 2015.

[00:25:42]So notice how we had this kind of support here then we broke it and then we started to trend down pulled sideways a bit here and then moved into the uh monthly low. Now you just do the same thing. You wait for the break first.

[00:25:56]It's kind of look at how it attempted pulled back. Stop losses were placed here and then look at the liquidation.

[00:26:01]So bounces off the lows, pushes up.

[00:26:04]There's going to be stop losses here most likely. But you kind of want to see them really get liquidated. You know, you kind of want to see it push and hold. You don't want to see it just wick and then you sell and it, you know, ends up being a bit of a double bottom near term. Then you get stopped out. It comes does it again. So you really want to see it break down below the 201585.

[00:26:22]clear this out and this is actually going to set up a run back down to the bare flag low. So there's an intermediate target down here of the monthly low but you know generally speaking once you break out of this channel the next stage is at least these lows and I think Ethereum is coming down to 2,000 if not lower and this was actually something I highlighted in the weekly forex forecast all the way back over here. I said to you guys, I think we're coming down in Ethereum to, you know, round about sort of 1,800. Sounded a lot at the time because we're up at 3,200, nearly a 50% decline, but we are very, very close to achieving that. And I do think below the 2015, this is now going to open up that run down to the bare flag low. Okay, so let's have a look at some of the non- US dollar pairs in forex setting up nicely next week.

[00:27:08]Aussie New Zealand to the upside. The Aussie is of course one of the stronger currencies in New Zealand, one of the weaker currencies we're looking at. I can only be a buyer of this market in the buy zone and the buy zone starts at the 1.21105.

[00:27:21]I'll be looking at trading this in the same way as we discussed New Zealand dollar. So basically getting in and out before the interest rate decision on Wednesday or waiting for the interest rate decision and letting it pass with either a kind of neutral or bearish outcome for the New Zealand. So, what I'd like to see is I'd like to see this market turn oversold, enter the buy zone, and there are some nice support levels down here. And if we pull up the multi charts, you can see this is a very bullish chart. This is a market that every time we're pushing down, we should be looking at buying dips. And in fact, you see this sell off last week right into the buy zone. And look at this bounce. That is the kind of opportunity we want to see from the buy and sell zones. So, I'd be looking at this again.

[00:27:58]I'd like to see this come down and do the same thing. Enter the buy zone at the 1.21. 2110 1 0 a market which is doing this and turns oversold during the week that's a market I'll be looking to buy look at how the 50 period daily moving average is also right there so really nice dynamic support really nice horizontal support and also we turn oversold below the 1.2110 2110. That's going to be a great place next week that I'm going to be looking for a one or two day bounce just as we had last week from the buy zone. Next is your Aussie. I can either be short this or do nothing. I cannot buy this market under any circumstances. We go into the sell zone at the 1.6393 and a really nice key resistance sits just above the sell zone. Great setup.

[00:28:46]I'd like to see this push into this area for buyers to attempt a breakout above this price, but it's in a market which is actually pretty bearish. So, I'd be looking to take the other side of that.

[00:28:56]I'd be looking for a one or two day reversal back inside the range down to the moving average. This is actually a range reversal setup that we cover in the free strategy guide below. And look at it here on the multi charts. We pushed up last week. We came very close to the sell zone. In this case, the key area of resistance is also sitting at the 50 period EMA in the daily time horizon. So, we turn oversold. We've got portfolio selection. We have a really nice horizontal level. We've got dynamic resistance. This is actually a four to fivestar setup. Next is New Zealand Frank. I can only be short this market or do nothing. I cannot buy this market next week. The sell zone starts at the 0.4632 4632 and there is a really nice key of resistance just underneath it and this would actually form a bit of an A B and a C. So I'd be looking for this A B and a C for this to pop up. It may come and take out the high you know after the interest rate decision but generally speaking I'd be looking for a kind of neutral outcome for the event on Wednesday to pass uneventfully or if we get some kind of push higher here where we push into the sell zone. So again it's an if then process. If we push into the sell zone, then I'm going to be looking for this potential ABC, a failure above here from the sell zone, and I'll be looking for that one or two day reversal back inside the range. I can only be short this market or do nothing next week. Cannot buy this market. And if we just look a little bit closer on the multi- charts, you can see this kind of ABC would be the top of last week. So, we breached last week, we tagged the sell zone. I'd be looking for buyers to essentially fail above last week's high and that would be the liquidation. I'd be looking for one or two days to the downside next week. Next is Euro Frank. I can either be short or do nothing. Buying this market is not an option for me. What I'd like to see next week ideally is this market pull back, kind of get choppy, show a bit of volatility and take out the prior high right here, this resistance area in the sell zone next week which starts with 0.9158.

[00:30:57]And this is where I'll be looking for a one or two day failure. This would actually turn into a bit of an expanded kind of this kind of pattern. So that's what I'm going to be looking for. Again, it's an if then process. This is why I like to look at many markets because you're not going to get every market setting up every week. But the ones that do set up, they turn into the higher probability opportunities that we can really press our advantage on during the week. So again, you can see here it would require a pullback and the taking out of last week's high. And this would be the area, you know, think about this.

[00:31:27]This pulls all the way back, takes out last week's high. The odds of this actually breaking through. I mean, this is overbought during the week. The odds of this breakout above this level working are very, very slim. Therefore, given the opportunity to take the other side of that next week, I'd be looking for a one or day reversal back inside the range. Next is New Zealand CAD. I can either short this or do nothing. I cannot buy this market next week. I'd like to see this push up into the sell zone, which starts at the 0.81. 8155.

[00:31:55]And I would like to see it trade into these highs right here. This is where just over here we push up into this high, we sell off. We push into the high, we sell off. We push into the highs, we sell off. Push into the highs, I'd be looking for a reversal back towards the moving average in New Zealand CAD next week. And if we jump over to the multi charts, you can see those highs are the high of the candle two weeks ago. So this is a weekly candle and over here we're looking at monthly candles. But basically just this and this. And you can see the two week high over here. This is where I'd be looking for a potential short opportunity next week. If we turn overbought and we trade into this high, I'm going to be looking for the breakout to fail that liquidation back inside for a one or two day payoff is what we're focused on capturing week in week out with members in real time. And the final Forex pair before we move on to oil, gold, and silver is Euro CAD. really nice setup here that I like because we tested this high and sold off and the sell zone next week which starts at the 1.6140 is sitting right at this prior resistance point. So any kind of push up moving averages kind of in the middle.

[00:33:05]This is a market that I want to be shorting any pops higher in. Then any push into the sell zone. This is where I'm going to be once again here and here briefly. We kind of had a failed breakout up here, but I'm going to be looking for another failed breakout back towards the middle of the range for a one or two day reversal in Euroad. And so finally, if we pull up the multi charts here, you can see on the daily time horizon, we are just kind of chopping around. So again, any push up into here, this is just going to be an opportunity to short back towards the middle of the range for a one or two day reversal. Okay, so let's have a look at crude oil. Now, crude oil is in an area where it's consolidating very tightly and this is a market that requires a bit of time. We cover crude oil every single week, but very much like Bitcoin, Ethereum where they were right in those areas where they were just kind of consolidating and I said to you guys, better to wait and now they're starting to move. Now the opportunities are coming back in. This is kind of the same with crude oil. I do think next week we're going to continue to range and then coming into the next month, which is only a week and a bit away. I do think the opportunity for a big move higher in crude oil is going to be there. And I do think that this kind of pattern where we're forming this tight flag and we're building higher lows, this can be technically an explosive move. And it looks to me like the crude oil market is potentially even expecting a further round of conflict between the US and Iran. If that materializes, that would be the next catalyst to break this out to the upside. So, we are consolidating. You can see we've got a double inside month, which means we're going to need to wait at least another week, I would say, before this pattern is ready. But coming into the following month, in a week or so's time, this would be the breakout area. We've got the 10955.

[00:34:52]That's the first key breakout area to the upside. It's actually most likely going to be, unless we take out this high next week, most likely going to be the high of the second inside month. And once we break through that the 11945 which is the top of the pattern is the next big breakout level above the 11945.

[00:35:13]You know this is going to be severely negative for the global economy. It is going to drag the dollar higher and that would definitely be a reason for the US dollar to break out to the upsides and a reaceleration of inflation.

[00:35:31]Okay, so wrapping up the video with gold and silver. Now, one of the key things with gold and silver is what's the dollar doing? The dollar when it goes higher is a headwind for gold and silver. And generally speaking, I have a de facto bearish bias on gold and silver when I have a bullish bias on the dollar. And vice versa, when the dollar is selling off, gold and silver tend to outperform. It tends to be a tailwind.

[00:35:52]And we saw this all the way up over here when the dollar was selling off. So, I do have a bullish bias on the dollar going into next week. This is a headwind for gold and silver. When I'm shorting gold and silver, I prefer to short silver. And when I'm buying gold or silver, I prefer to buy gold. So, going into next week, I would be looking for shorts in gold, but I would prefer to short silver. And we've got this kind of penant pattern right at the inside month low. So, we need to break the inside month low. We need to clear this out.

[00:36:23]And the suggestion or the kind of indication or the evidence that we are likely to do this of course one being a stronger dollar but two we have closed below the 20 period moving average and this is now in a correction. I mean this is broken and this is very very loose and we should expect it to chop around and generally speaking you lose the 20 EMA like that you tend to come down to the 50. So it does look like we're coming down to the 423783.

[00:36:50]we would need to break out of this penant and clear. So you start to break out, look for the moving averages to follow and then you can start to look to sell any intraweek rips. The buy zone next week is at the 4380.99.

[00:37:05]So that would be specifically where next week I'd be looking to book profits on any gold shorts because you're entering the buy zone. And even though it's not necessarily a buy, it's a buy back your shorts or a buy to book your profits. So that's what I see in gold. I can only be short or do nothing next week. And finally, we have silver. Now, I do have a de facto bearish bias on silver because of my bullish bias on the dollar. And notice, we're actually building a bearish technical pattern.

[00:37:32]We're building a bearish technical pattern below the 50 EMA here, which is actually where these patterns tend to succeed better. You know, if you get this in an uptrend, it's less likely to work. So, we take the top of the pattern, we take the bottom of the pattern, and we can project this out to get a target of the 68.80. And this is actually sitting right at last month's inside month low. So, as you know, if you've been following the videos, you know, this kind of forms a range. We failed to break out of the high and now we're coming back down to the low and we actually have a pattern setting up which targets that very area. So, I do think we're coming down to the 68 69 area or 70 area. Next week specifically, the buy zone is at the 70.80. So, it may take a couple of weeks to do. If it breaks down below here, that's where I'd start to look for potential short opportunities into the buy zone at the 70.80. But it could hit this and bounce next week and then it may take a couple of weeks to get down here. So either way, the 70.80 is the downside target for next week, but I do think we're coming down to the descending triangle low of 68.80 over the next week or two. So that is it for me for today, guys. As always, I hope you enjoyed today's video. And if you did, why not consider joining us in the GMT trading room each day where I look at the best markets as well as sharing real-time setups that I'm personally looking at trading with members as part of our GMT training program. Don't forget, you can also get a twoeek free trial to the Cutting Edge Hedge trading app used in today's video by heading over to www.hedgdash.com.

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