Welcome back to the Weekly Forex Forecast for the week of Sept 1 - 5th.
In this video, we will analyze the following FX market: NZDUSD
NZDUSD is currently showing the cleanest setup for the FX pairs.
- it's in a downtrend on the HTFs
- D1 shows the LH. LL, low and the -BOS clearly
- the retracement is contacting a decent -OB
- the Descending Channel is only an added bonus as a confluence for resistance.
I like the probabilities for a potential rejection downward from the -OB.
The caution here is that it would require the USD to show strength, pulling the NZD down. That part is still iffy. The DXY has not shown its hand just yet.... but it will very soon.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
In this video, we will analyze the following FX market: NZDUSD
NZDUSD is currently showing the cleanest setup for the FX pairs.
- it's in a downtrend on the HTFs
- D1 shows the LH. LL, low and the -BOS clearly
- the retracement is contacting a decent -OB
- the Descending Channel is only an added bonus as a confluence for resistance.
I like the probabilities for a potential rejection downward from the -OB.
The caution here is that it would require the USD to show strength, pulling the NZD down. That part is still iffy. The DXY has not shown its hand just yet.... but it will very soon.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Note
USD Index analysis:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.