Weekly FOREX Forecast: USD Is Strong Vs EUR, GBP, AUD NZD

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This is an outlook for the week of Nov 4 - 8th.
In this video, we will analyze the following FX markets: USD Index, EUR, GBP, AUD, and NZD.

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註釋

USD Index:
Market opens with a HUGE VOLUME IMBALANCE!

This is what I was getting at in the video! This week will see some wild volatility. Not the greatest conditions to trade in.... or analyze! LOL!
The opening gap is likely a harbinger of things to come.

註釋

USD Index:
Market opens with a HUGE VOLUME IMBALANCE!

註釋

EUR:

Look at that huge Market Open gap! Not cool!
But price did make it up to the POI last week, the Weekly -FVG, and continues to print respect candles. The wicks indicate that the bears are holding price at bay, and want to continue lower. I have the sell side liquidity targets marked below. Also, note that the -FVG is the IRL, and the next target should be the ERL target.

註釋

AUD:

The Aussie has reached our POI. Note the huge respect candle printed. Price was rejected nicely from the Weekly -FVG. I am looking to see the Internal Range Liquidity to External Range Liquidity move completed now. The sell side liquidity targets are set below at the swing low.

註釋

NZD:

You can see clearly on the Weekly TF, that price has reached the -FVG, as AUD and EUR has done. Looking for the same IRL to ERL move. The SSLQ target is set. We'll see how it goes.

註釋

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註釋

EUR:

Price ran up into the -FVG and took a sharp downturn! We are halfway to the sell side liquidity targets. We'll see how the candle closes first, before we get too far ahead of ourselves!

註釋

USD Index:

Price reached the Weekly +FVG, as highlighted in the forecast, and rallied. Today, there was a gap up, no wick/shadow, and looks to be on the way to the buy side liquidity target. But this is Election Night in the US, and buyers and sellers will be purged before the real move comes! Be careful!