Hey Traders welcome back to the weekly Forex  forecast next week is a big week because we   got three interest rate decisions as well as  non-farm payrolls on Friday and it's fomc on   Wednesday out of the US that we really need to  be paying attention to this is the big event next  Week and I'm going to show you in today's video  how I'm looking to play the dollar pairs on this   news event next [Music] week okay so if we look at  the scores for the coming week you can see the two  Markets that are really in play here are the US  dollar and the Swiss frank both are above 50% to   the upside and these are when we get significant  Edge in the markets now I am only focused on risk  Off setups once again and I have been all month  because it does look like when we look at the   markets you can see the Russell has now retraced  almost all the way back down to the yearly lows  From last year and when we look at other markets  like the NASDAQ Composite you can see we are now   on the verge of quite big breakdowns in the  stock markets and this is what can bring in  Risk-off moves not just in the stock market but  also in Forex as well so once again I'm going to   filter out risk on setups only looking at trading  risk off Forex pairs now you may say but John we  Just had 4.9% GDP out of the US you can't have a  crash or recession or serious risk off with 4.9%   GDP in the US however I remind you that GDP is  backwards looking it's a lagging piece of data  Is telling us what happened in July August  and September we know there was no recession   during that period and we know the market didn't  crash during that period what we're now looking   is ahead to Future GDP prints Q4 which we're in  q1 next year now the setup that we also have is  Very similar in my opinion to the 1981 setup  where we had the yield curve inverted and we   had inflation at that time going above 7% which  makes this cycle actually different from you know  08 2020 2001 and in fact very similar to the 80  and 81 cycle in my opinion and in the 81 cycle   we had Q3 GDP come out very similar to what we  just had here but instead of 4.9% at 4.3% and  The US economy went into a recession straight  after you know into Q4 q1 and Q2 of 82 so don't   think because we just had a strong GDP print  for the last 3 months that we can't go into a  More recessionary en en in the US and I do think  in fact that is coming and we're likely to see   riskof over the next couple of quarters and this  is why I've been focused on risk off only setups  In Forex so alongside the Swiss frank and the US  dollar to the upside I do like the New Zealand   dollar to the downside I also like the Australian  dollar although it has slightly strengthened so   New Zealand shorts are my preference this week  versus the dollar and the Swiss frank and I also  Aside from that like the Canadian dollar it's  neutral but it is actually getting weaker the   momentum is to the downside as you can see with  the red arrow so what I'm focused on this week is   once again mainly the commodity currencies to the  short side the New Zealand the Aussie and the cad  Versus the safe haven assets of the Swiss frank  and the US dollar and something else to notice   as well the Japanese Yen has been one of the top  shorts in the scorecards for quite a while I've  Been filtering it because I don't want to trade  risk on and if you short the Japanese Yen that   is risk on because in Risk off the Japanese Yen  will appreciate but look at the score coming into  This week the Yen has botton in the scorecards  this is a riskof sign it's actually a sign that   we've been lacking over the last month or so  where if we are going to get real risk off we   should see the Japanese genen strengthen so the  fact that yen is now strengthening the scorecards  Is a warning of further riskof to come and  actually a shift into a more riskof regime   in the Forex markets alongside the commodity  currencies we will also look at pound and Euro   shorts versus the dollar and the Swiss rank but  just bear in mind the commodity currency should  Underperform you know better shorts in other  words than pound Frank pound dollar euro Frank   euro dollar next week but we can also look at  Euro and pound shorts versus the Frank and the dollar okay so let's have a look at the market  starting with crude oil we cover crude oil every  Week but this week I don't really like crude oil  because crude oil is between a rock and a hard   place we should see crude oil have having downward  pressure applied to it with a global slowdown   risk off regime coming in however if there is  an escalation of the war in the Middle East  Then we can see kudor spiking in price so it's  really a risky short but at the same time it's   not a fantastic long either because of the ongoing  risks around the war in the Middle East I do favor   on balance crude o long positions however I'll  probably be avoiding trading this all together  Next week so if you are looking at trading this  and this was a market that bounced from the lower   bound last week did come down test it and we did  get a short-term bounce to the upside I would be  Looking for the same any pullback would be  viewed as an opportunity this week to look   for an inra we breakout into the previous high  at the 91 area or if we pull all the way back  We test this low over here and also the 81 area  this would be the second place I'd be looking   for a near-term buy opportunity potentially in all  but again I personally am unlikely to trade crude  All next week I don't think we have great Edge  to the upside or the downside anymore in this   market okay so moving on to the Swiss frank pairs  these are my favorite pairs heading into next week   starting with New Zealand Frank and the markets  highlighting gold are my favorite markets out  Of the favorite markets which are listed so out of  all the Frank Pairs and the dollar pairs I do like   New Zealand Frank and CAD Frank to the downside  the best followed by New Zealand dollar and then  US dollar CAD to the upside so coming into this  week I am looking further declines in this market   last week this was a market highlighted for a  potential short from its upper bound or a breakout  In week and you can see in last week's video we  actually tested the upper bound from last week   and we did have a sell off from that area because  of this going into this week usually if you get a  Test of an upper bound let's say like New Zealand  Frank last week what tends to happen is you could   push a bit higher but you then tend to get the  intra week breakout in that market down to in this  Case the py low and the 0.517 so that's what I'm  going to be looking out for for New Zealand Frank   but if we continue higher just like last week  and we pull all the way back and we reach test  The low over here and we test the 0.531 100 area  this is the second place next week I'd be looking   for a near-term short in New Zealand Frank next  is CAD Frank now I'm going to be looking for one  Of two things heading into next week you can see  we had this big momentum sell off and now we're   consolidating sideways so any pullback in this  market next week into the upper bound perhaps   we even Peak through the top here and test the  low over here anything into the 0.657 would be  Viewed as the opportunity to look for a near-term  short if we continue to Trend all the way up into   this level that's what I'm going to be looking for  a near-term short from this area but if we start  To break out intra week so instead of holding  this trend holding this trend all the way into   the prior low maybe into the 0.6 570 If instead  we fail to hold this and we break straight through  I'm going to be looking for an inwe breakout to  the downside in this market you know dropping   down to the 1 hour chart usually that's where  I like to look for intra week breakouts down to  The 0 point 644 you could say 30 area in this case  next is Aussie Frank this was a market highligh in   last week's video and we had a really nice sell  off from the upper Bound in last week's video  And in fact this was a market I traded myself and  this was one I actually shared in real time with   members and I would like to see this again so when  I'm talking about a short from the upper bound  Have a look at the price action in Aussie Frank  last week because that's exactly the kind of move   I'm looking to capture from these upper bounds so  any continued pullback in this market is viewed as  Opportunity to look for an intra week breakout to  the downside I'm going to be looking down to the   0.564 maybe we come through and we test the prior  low that would be good but anywhere in this area  I'd be looking at potentially booking short-term  profits on an INT week breakout or if we hold the   trend we hold the trend we pull all the way back  into these lows over here and we test the 0.57   90 once again just like over here I would be  looking for a near-term shorting opportunity  In Aussie Frank next week next is pound Frank this  was another Market highlight in last week's video   we tested the upper bound and again because of  this because we tested this last week I would not  Be surprised to see this fail to test the upper  bound but instead actually break out in week we do   of course have the interest rate decision out of  the UK on Thursday so there is plenty of time to  Trade this Market you know Monday Tuesday and even  Wednesday into the interest rate decision if we   continue to pull back though even though we traded  into the upper bound last week if we continue to  Pull back and we test once again the 1 1030 this  is the second place I'd be looking for a near-term   short in pound Frank next week and last but not  least we have Euro Frank this was another Market  Which tested its upper bound last week which  suggests we may actually get you know a reversal   or a breakdown kind of Monday and Tuesday without  testing the upper Bound Again if that's the case   I'm going to be looking at an inwe breakout in  this market maybe we test the high once again  And we break down like this into the 0.9 9460 area  or if we just hold this and we continue to Trend   higher to Trend higher to Trend higher we trade  into you can see there's a nice low here and we  Test it on the underside so there's a nice key  area of resistance in this area here if we come   up and we test this and we're also pushing into  the upper bound this is the second place I'd be  Looking for a near-term short in Euro Frank we did  actually break through the upperbound much harder   than we did in the other Frank pairs with Euro  Frank last week it's suggestive of some underlying   strength and this is also backed up by the fact  the euro is actually scoring quite highly so I  Do think we can look at Euro Frank and euro dollar  you know maybe from the upper bound next week but   just bear in mind the New Zealand the cad and the  Aussie are going to be better shorts than both the  Pound and the Euro heading into next week in fact  the Euro shorts are my least favorite because even   if they do work they're likely to underperform the  other markets that we're looking at okay so moving   on to the dollar Pairs and the dollar pairs were  also highlighted you know for dollar strength last  Week we did get dollar strength but we didn't get  any significant moves why because we've got fomc   coming up and there wasn't any real money going  into the dollar pairs last week so we did get  Sell offs but we didn't test any of the upper  or lower bounds we just simply kind of drifted   higher in the dollar and drifted lower in pairs  like New Zealand dollar so coming into next week   New Zealand dollar to the downside US dollar CAD  are my two favorite markets it's unlikely these  Markets are going to do anything until Wednesday  so after the interest rate decision on Wednesday   I'm going to be looking for one of two two things  either we break down from these areas and we get a  Selloff on FMC as the dollar rallies in that  case I'm going to be looking for a pullback   and a follow through trade in New Zealand dollar  down to the 0.572 and the second thing I'm going  To be looking for because I can either be short  this Market or do nothing next week buying New   Zealand dollar in other words shorting US Dollars  next week is not an option for me so if we just  Consolidate and then we get a rally into the upper  bound after FMC and we start to see it stall out   this is the second place next week I'd be looking  for potential short in New Zealand dollar next is  Us do CAD again I can either buy this Market  or do nothing next week selling this is not   an option so I'm going to be looking for the same  thing I'm going to be looking for a consolidation  Into Wednesday and then if we can get an intra  week breakout on the news and start to pull   back I'm going to be looking for the second move  the follow through into the 1.400 and if we just  Continue down continue down we get FMC coming out  on Wednesday and we get get a selloff in US dollar   CAD if it's very very strong you know I would  like to see it stall out first I don't want to get  Involved buying something after a news event if  it's just going to go straight through like this   so I'd like to see it pull back you know stall out  and this would be the second place next week I'd  Be looking for a near-term buy opportunity in US  dollar CAD next is Aussie dollar very very choppy   but I do think this gets resolved next week with  FMC so any continued pullback into FMC and then   a nice strong selloff on frmc like this I'm going  to be looking for the consolidation the pullback  For the follow through trade into the 0. 6230 and  if instead we just drift higher and then maybe we   even push higher for whatever reason fomc we test  this High let's say I am going to be looking this  Would be the second place I'd be looking for a  near-term short in Aussie dollar heading into   next week next is pound dollar again I prefer the  commodity currency short especially New Zealand   and uh the Canadian dollar versus the US dollar  but we can look at pound dollar and Euro dollar  I do think both of these are likely decline as the  US dollar pushes higher and remember if you look   back to the scorecards when I showed you earlier  on the US dollar has for the first time continued  Its bullish momentum in the scorecards and this  is indicative of a much bigger breakout to come in   the US dollar we do have FMC and of course FMC can  change things and reverse markets but all things   considered the scorecards suggesting even though  the US dollar is currently consolidating we are  At the point of starting the next leg higher in  the US dollar so any pullback in this market and   I expect it to do pretty much nothing into FMC  if you do get this pull back and test the upper  Bound before FMC that would be a good chance to  range trade it short it you know before FMC and   then be out by FMC because you're making the  statement that you don't expect this to really  Find any direction to the upside of the downside  before FMC so if we pop higher on Monday and we   test the upper bounds you could short it you know  Monday Tuesday and then into Wednesday's FM but  Assuming it does nothing I'm going to be looking  for the breakout on FMC any pullback after that is   the opportunity to get involved down to the 1.1  1960 and again if we pull back you know even on  Monday or earlier this would be the second place  I'd be looking for a near-term short and it may   be the case again we just consolidate and then we  push higher on FMC I'd be looking for it to stall  Out you know wait a few hours and then I'd be  looking for the short opportunity from this area   in pound dollar and last but not least we have  Euro again I expect this to do pretty much nothing  Into Wednesday I'm going to be looking for the  breakout on FMC I'm going to be looking for the   pullback and then the short-term int week follow  through into the prior low over here at the 1.04  60 or just like the others if we pull back once  more and we test this high right in this upper   bound over here this is going to be a great place  especially you know if we get FC we kind of stall  Out this would be the second place I'd be looking  for a near-term short in euro dollar next week okay so wrapping up the video with gold and silver  and I'm going to be trading these markets given  The opportunity reactively next week why do I say  that because we all know that we've seen you know   gold pushing higher we've seen gold outperforming  to the upside what hasn't been mentioned so much   is that this coincided with that near-term top in  the dollar where the dollar started to consolidate  And the problem is you know we had the scorecards  peaking for the US dollar it was still bullish but   that is signifying that it's likely to go into  a bigger consolidation and now we've had the   consolidation as you've just seen the scorecards  are suggesting that we may be on the next leg up  In the dollar if that's the case you know taken  into account for FMC as well but if that's   the case and we are about to start the next leg  higher in the dollar this is going to put downward  Pressure on gold and silver that doesn't mean gold  can cannot continue to appreciate as a safe haven   asset but it's unlikely to appreciate as sharply  as it has been with a weaker or consolidating   dollar so going into next week what I'm going  to do is with gold and silver I don't want to  Trade them kind of between the upper and lower  bounds next week the opportunities I'm going to be   looking for are as follows if we get gold pulling  back especially as it's acting as a safe haven  Asset you know with what's going on in the Middle  East I am going to be looking for a potential long   opportunity from the lower bound at the 1960  area this is the opportunity I would look for  To the upside in Gold next week now alternatively  when we move on to Silver if we instead just push   higher in gold and silver and we test the upper  bounds if we're getting a strong dollar that is  Going to be the opportunity to short silver from  the upper bound so to summarize this I'm going   to be looking at potentially buying gold from the  lower bound I don't want to show short it because  Of its Safe Haven asset status and with what's  going on in the Middle East but I don't want to   be long silver if we get a stronger Dollar in that  case I would be looking at shorting silver from  The upper bound so here's what I'm looking at in  Silvera going into next week if it pulls back and   tests the lower bound instead of being long silver  with potentially a stronger dollar I would rather   buy gold from the lower bound and leave silver  alt together because gold has Safe Haven assets  Data silver doesn't whereas if we get a stronger  dollar and this acts as a headwind in in other   words it puts downward pressure on gold and silver  if we get both gold and silver testing their upper  Bounds this would be the area the 24 handle where  I would be looking for a near-term short in silver   so to summarize that once again I'm looking to be  reactive with gold and silver next week I don't  Want to buy silver and I don't want to short gold  so if we trade into the lower Bound in gold and   silver I would be looking potentially at being  long gold and if we trade into the upper bounds  In both gold and silver next week I'd be looking  reactively for a near-term short opportunity in   silver so that is it for me for this week guys  as always I hope you enjoyed today's video and   if you did why not consider joining us in  the room each day where I go through these  Markets and the setups that I'm personally  looking at with members on a daily basis for   over 75 markets in different asset classes  including stocks bonds Forex and commodities

Hey Traders welcome back to the weekly Forex  forecast going into next week US stocks are on   the verge of a major breakdown the risk of this  happening is real and this is important for Forex   Trading because if this materializes we are going  to be seeing risk off moves in the Forex Market  Next week so I only want to be focused on risk off  setups once again this week I have been warning   since the end of September about a potential  volatility shock and the risk of this taking  Place over the next two weeks is very [Music] High  okay so if we have a look at the scores for the   coming week you can see the Swiss frank is once  again the number one long play and the Swiss frank  Was highlighted as the best opportunity last week  and the Swiss frank pairs performed fantastically   from last week's video heading into this week  you can see the setup is basically the same we   do have the Swiss frank and the US dollar at the  top of the scorecards with the Yen the Aussie the  New Zealand the pound and the Euro right down  near the bottom so once again going into this   week the plan is essentially the same as last  week why because I'm only interested in trading   risk off setups once again that is Swiss frank and  US dollar long plays and I'm going to be filtering  Japanese Yen shorts for the same reason I did last  week which is that if we get a volatility shock   if stocks start to break down in any meaningful  way next week or the week after we are likely to  See a flight safety in the end I do not want to  be on the wrong side of it so once again going   into this week I am focused on Aussie New Zealand  especially versus The Swiss frank to the downside  And also Aussie and New Zealand versus the dollar  to the downside and on top of that I'm also once   again going to be looking at the pound and the  euro versus the US dollar and versus The Swiss[Music] frank okay so let's have a look at the  markets themselves starting with crude o crude   o poses the same dilemma this week as last week  which is this in a risk-off event crude oil will   be hammered however because of the ongoing  situation in the Middle East this actually  Has the ability to cause a spike in crude oil as  well so there are catalysts that could actually   cause either a spike in crude oil or a sell-off  in crude oil it makes this not an attractive asset  To be short-term trading next week in my opinion  however on balance if I was going to be trading   this and I probably won't but if I was then  I would be looking really I would say only at  Long positions so any pullback in this market is  viewed next week as a potential opportunity albeit   not a fantastic one as it currently stands in my  opinion to look for intra week breakouts into the  95 handle and this previous High over here or the  second place I would be looking for those of you   looking to trade this asset next week would be  from the 84 level this is where I'd be looking  For a short-term buy opportunity if we trade  into this area in crude oil next week moving   on to the Forex pairs Aussie Frank is once again  going into next week my favorite opportunity to   the downside this was a market that performed  fantastic last week and was highlighted as one  Of the best opportunities in last week's video so  once again any pullback in this market is simply   viewed as an opportunity like last week to look  for an intra week breakout to the downside down  To 0.556 and of course all of these setups here  are risk off setups if we see a bigger breakdown   in stocks all of these should benefit from that  and we should avoid being on the wrong side of  Any big sell off in stocks next week or the week  after simply by trading the riskof setups that   we have here the second place next week I would  be looking for an opportunity is if we can pull  Back and test the 0.570 if we fail to break out  so we just bounce and we just continue to correct   and there's no breakout to the downside 0.570 is  the second place next week I'd be looking for a  Shortterm sell opportunity in Aussie Frank next  is New Zealand Frank and this was another really   nice Market highlighted to the downside last week  once again any pullback in this market is simply   viewed look at this momentum to the downside any  correction here is viewed as an opportunity a  Gift to start to look for potential breakouts in  week down to the 0.512 or if we continue to hold   this trend hold this trend pull back and test the  0.527 this the second place I would be looking to  Essentially sell the rip in New Zealand Frank next  week for a short-term sell opportunity next is p   Frank another Market highlighted in last week's  video which performed really really well to the   downside any continued pullback is viewed and  you can see look at the momentum in this here's  The correction and notice how we had the momentum  last week from this breakout this was something   that was highlighted this kind of consolidation  a little bit of a descending triangle pattern   this is kind of known as we get the momentum  momentum precedes price we get the pullback and  Then we sell off exactly the same again we've got  this momentum pullback and this is a market once   again I'm going to be looking for po potential  breakouts to the downside into if we get these  Opportunities the 1.750 and if we hold this and  we bounce and we bounce we pull back and we start   to retest the underside in this area the 1.95 is  the second place next week I'd be looking for a  Short-term sell opportunity in pound Frank and the  final Frank per here is Euro Frank now just bear   in mind that we do have an ECB decision next week  an interest rate decision out of the Euro zone so  The euro pairs are unlikely to do much leading  into this and in fact if we start to get Euro   Frank testing its upper bound you know Monday  or Tuesday this could actually set up a really   nice opportunity to range trade this just short  it before the interest rate decision and be out  By the interest rate decision why because very  often markets will hold these ranges before big   news events you don't really see big directional  moves before these interest rate decisions so if   we get a pullback and test the upper bound  you know even Monday or Tuesday this should  Give us a nice opportunity before the interest  rate decision itself so any pullback is viewed   as an opportunity to look for bearish breakouts  but bear in mind it's unlikely to significantly   break out before the interest rate decision  so on the interest rate decision if we break  Down that's going to be the opportunity we break  down we we pull back and then we get this follow   through after the interest rate decision into  the 0.938 or if we hold this range and we pull   back beforehand the second place I'd be looking  for a short-term sell opportunity especially we  Come back and test this high is going to be the  0.952 this is the second place next week I'll be   looking for a short-term sell opportunity in Euro  Frank just bear in mind with the Euro pairs that   ECB decision next week moving on to the dollar  Pairs and these were markets highlighting last  Week's video but we just kind of Consolidated the  dollar didn't do much and notice I do think that   this really proves what we were looking at last  week in terms of the Swiss frank being not just   strong in the scorecards but getting stronger and  therefore highlighted as the best opportunity and  The dollar which although it has absolute strength  is actually peaking in the scorecards we saw that   red arrow earlier on when we looked at the scores  suggesting that we're in a larger consolidation   so although we should be looking to be bullish you  know you can see this Market kind of lack momentum  And it may take a little longer for the dollar to  continue its breakout to the upside that is why   going into next week I do like the dollar but only  second to the Swiss frank pairs once again so any  Pullback in this market Market this week is simply  viewed as an opportunity to look for an intra week   breakout down to the 0.620 and if we hold this and  we just continue to Trend higher just Trend higher  Perhaps even pushing through this and testing the  high over here this is the second place next week   I'd be looking for a shortterm sell opportunity  in Aussie dollar next is New Zealand dollar now   this is a market that has really started to  break down and I do think we're going to see  Further declines in this market any pullback in  this market is simply viewed as an opportunity to   look for this kind of breakout in the direction  of the trend that we're looking at here and then  A sell off into a follow through into the 0.573  area you could say and also if we hold this and   we continue to pull back and we test these highs  here this would be another really good place see  We've got a high here and a high here if we push  into this Zone and we test potentially even both   of these that's going to be a great place next  week to look for a short-term sell opportunity  In New Zealand dollar next is pound dollar now  notice pound dollar and Euro and not highlighted   in Gold that's because in the event of a risk off  move in stocks commodity currencies will suffer   the most against the Swiss frank and the dollar  the pound and the Euro will also move down against  The dollar and the Swiss frank if we get risk  off but it's the commodity currencies that get   hammered the most and these are not just commodity  currencies but they are rated as the best shorts   anyway heading into next week so a really nice  setup here because we can trade risk off based  On the fact we would be trading this anyway and  at at the same time if we get a bigger breakdown   in stocks those setups will benefit so it really  is a nice setup going into next week any pullback  In this market next week is simply viewed as an  opportunity to look for bearish reversals down to   the 1 you could say 9 let's say 1.1 19750 and if  we hold this and we pull back and especially if  We come up and test this high and this turns into  a big a b and see and we test this High over here   this would be a great opportunity in this area  at this other high over here this previous High  To start to look for a near-term short opportunity  in pound dollar and the final dollar pair is euro   dollar now euro dollar isn't as appealing to me  as the other markets next week because we have  That interest rate decision so it's unlikely to do  much heading into next week however if we get the   interest rate decision and we start to see this  correcting beforehand and then we break down like   this you know probably halfway down towards the  Target in this low that's the opportunity to look  For a pullback after the interest rate decision  maybe even the day after for a near-term short   into the prior low and the 1.46 so because  of the ECB meeting later on in the week I do   prefer Aussie New Zealand especially versus the  Frank and then the pound versus the dollar and  The Frank but I'm also going to be keeping euro  dollar euro Frank on my radar next week and the   final Forex pair we're going to look at is CAD  Frank now why look at CAD Frank because when we  Look at the scorecards the cad is kind of bullish  to neutral and the Frank is kind of bullish why   trade to two kind of bullish currencies when we  can trade you know something like the Aussie or  The New Zealand versus The Swiss frank well we  have an interest rate decision out of Canada on   Wednesday so I'm really looking at the cad  Frank setup here purely after the interest   rate decision comes out CAD Frank to the downside  is also riskof so what I want to see next week is  If we get a negative reaction from the Canadian  dollar the Swiss frank is going to be the long   currency that I would like to short the cadat in  other words you know my favorite pair would be CAD  Frank to the downside in the event that we get a  negative reaction from the Canadian dollar or we   get a dovish rate statement or even decision so  this is purely going to be after the boc it's an  Interest rate decision set up we may not get  it if we get strength from the interest rate   decision out of the Canadian dollar I'm just going  to leave this all together this is purely if we   get weakness from the Canadian dollar any pullback  in this market would be viewed as the opportunity  To look for a bearish reversal so I want to see  this basically correcting consolidating maybe even   pulling back into this area and then a selloff  on the interest rate decision itself the market   is unlikely to do anything between Monday and the  interest rate decision so just bear that in mind  But if we get the interest rate decision we get  the sell off like this this is going to be the   follow-through setup I'm going to be looking at  to the downside in CAD Frank next week down to the 0.644Okay so wrapping up the video with gold and silver  both gold and silver did rally last week and gold   was a market highlighted the upside last week  after getting that flight to safety that risk  Off move on the Friday over here that was the sign  alert we need to close and reverse this even if   we're going to take a small loss as I did on this  market during that Friday this is something we  Need to get out of and start to close and reverse  our bias essentially so coming into this week I   do once again favor gold to the upside although  I still have a kind of bullish bias on the dollar  I do think that we are seeing this kind of flight  safety quality in gold and I would not want to be   short gold so heading into next week any pullback  in this market is viewed as an opportunity to look  For bullish breakouts I'm going to be looking  up towards the 2030 area as a Max profit taking   Zone we get into this area this is where I'd be  looking for any short-term opportunities of course   not looking or talking about longer term buying  opportunities I'm talking about a short-term trade  Next week the 2030 is the area I'd be looking to  exit any of those short-term trades and if we hold   this and we hold this and we bounce and we pull  back especially if we test this High over here  Kind of broken resistance turning support in the  1930 area this is the second place next week i'   would be looking to potentially buy gold on the  dip for a short-term buying opport unity in this  Market next week next is silver now I do prefer  gold because out of the two of them gold is the   asset that really has that flight safety quality  silver we have seen it rally but the problem is  With a stronger dollar if the dollar starts to  turn higher I mean don't forget last week the   dollar just went nowhere and this allowed this  helped gold and helped silver to push higher but   especially silver you know silver May struggle to  go higher because it just doesn't have that flight  Safety quality that gold does so out of these  two I do favor gold longs to the upside next week   however on balance any pullback in this market  is viewed as a potential opportunity to look for   bullish breakouts into the 2430 area and if we  continue to pull back continue to pull back and  We test the 2230 this the second place next week  I'd be looking for a shortterm buy opportunity   in silver just bear in mind one thing to really  keep in your mind here is if we get a serious  Riskof event you know we see stocks breaking down  and volatility spiking silver is likely to suffer   in that scenario hence why if I'm going to be  trading one of these two next week I would prefer  It to be gold because again like I said you know  gold has that safe haven status so silver was a   market that did actually trade into its upper  bound last week I once again would not want  To be short silver this week but I can't stress  enough if we do get a riskof event you could be   on the wrong side of that if you are looking to be  long silver so personally I'd rather filter silver  Longs next week and focus only on gold Longs if  I'm going to trade either gold or silver if the   opportunity arises so that is it for me for this  week guys as always I hope you enjoyed today's  Video and if you did why not consider joining  us in the room each day where I go through these   markets and the setups that I'm personally  looking at with members on a daily basis   for over 75 markets in different asset classes  including stocks bonds Forex and commodities oh

Hey Traders welcome back to the weekly Forex  forecast last week we saw the dollar correcting   and it is still in a consolidation however on  Thursday and Friday we saw the dollar rally in   sharply why because on Thursday we had hotter  than expected inflation data out of the US and  On Friday we had hotter than expected inflation  expectations out of the US so going into this   week although the dollar is consolidating I do  still like dollar long plays to the upside but   it's the Swiss frank that's really standing  out as the best Market to be trading in Forex  This week [Music] so if you have a quick look at  the scores for the coming week you can see it's   the Swiss frank which is sitting pretty at the  top of the scorecards here and not only is it  The strongest in absolute terms it's above the  crucial 50% mark this is where we really start   to see out performance in these currencies and  in these markets and it's also getting stronger   so Swiss frank longplays are absolutely my number  one Play heading into this week and my number one  Forex pair would be Aussie Frank to the downside  because we have those same characteristics in the   Aussie it's below 50 which is the crucial pivot  point at which we really start to see under   performance in these markets below 50 and it's  getting weaker alongside that I do also like New  Zealand dollar versus the Swiss frank and also  we're going to be looking at both the Euro and   the pound which are bearish to neutral and neutral  versus The Swiss frank I do think they are setting  Up quite nicely as well now we're not going to be  looking at the Japanese Yen why because although   the Japanese yen is one of the better shorts  in the scorecards the problem is the risks   around volatility shock this month as we've been  discussing in previous videos the vix was up 20%  At one point yesterday and it does suggest there  could be a risk of a volatility shock over the   next two weeks as I've been highlighting all the  way back in September actually was the first time   I highlighted this saying to you guys beware  of a potential volatility shock so because of  That I'm still just trading defensively in the  sense that I'm really just focusing on markets   that are risk off so in the event that something  happens and we get a volatility shock I will be   on the right side of them and avoid being on  the wrong side of something serious which is  A risk on trade basically going wrong so because  of that only reason I am filtering out Yen shorts   once again this week but I wouldn't want to buy  the Yen either because if there is no volatility  Shock and no flight safety then the Yen actually  is not a very good buy so the yen is off my list   because of this and alongside the Swiss frank I'm  once again going to be looking at the US dollar  To the upside even though you can see the score  is actually getting weaker and this is a sign   that we're likely in a bigger consolidation or a  bigger correction so after the Swiss frank pairs   which are my favorite I do like uh Aussie dollar  to the downside this week New Zealand dollar to  The downside plus we'll also be looking at euro  dollar to the downside and pound dollar to the downside okay so let's have a look at the markets  this week starting with crude oil this was a  Market I highlighted to the downside and you can  see the Gap up on the events taking place in the   Middle East right into the area where last week  I was looking for potential short opportunities   and you can see that this did actually sell  off nicely from here came down and Clos the  Gap so it was a very good opportunity in here this  didn't translate over to oil stocks as well as the   commodity itself which you can see really nicely  closed the gap before rallying so going into this  Week here's the dilemma with crude o it's the  same dilemma really as the Japanese yen is that   West stop between a rock and a hard place because  I really only want to focus on risk off trades  Which is crude o to the downside so any pullback  in this market would be viewed as the opportunity   to start to look for a selloff into the A2 area  or a pullback into the 93 area however here is the  Problem we know what the problem is the problem  is on any escalation in the Middle East we can see   all spiking like it did on Friday in anticipation  of a land offensive into the Gaza Strip by Israel  This is why we saw oil rally on Friday and it's  why we saw gold rally which we're going to look at   later on in the video so the dilemma here is that  the riskof trade is to the short side and crude o  Is actually setting up as a good short but if you  get involved in a short and there's an escalation   in the Middle East this thing is going to spike  higher potentially so for that reason I'm going  To be sitting out crude all I just think there's  too many risks around crude oil going into next   week we don't have to trade it there are other  markets to trade okay so let's have a look at  The Forex pairs starting with Aussie Frank this  is my favorite Market going into next week and   you can see last week we actually gapped down  we Consolidated and this is where we're talking   about pullback and we broke straight through into  the max profit taking Zone and actually through  It and this is suggesting this week actually we  should be looking for follow through because this   momentum to the downside this is a market that  really exceeded the probabilities priced into the   downside last week so I really like Aussie Frank  and a previous low right over here sits right in  The new Max profit taking zone so any pullback in  this market is viewed as an opportunity to look   for intra week bearish reversals and breakouts  down to the 0.561 100 or if we hold here and we  Bounce and we pull all the way back and maybe  even test the underside over here this would   be the second place to 0.576 that I'd be looking  for a near-term short in Aussie Frank next week  The second Swiss frank pair I like is New Zealand  Frank and all of these markets but especially New   Zealand Aussie because their commodity currency  all of these markets will underperform or should   underperform the Swiss frank in a riskof event so  if we're looking at Aussie Frank and New Zealand  Frank especially these two should underperform  the Swiss frank even without a risk-off event   but if there is one if there's a volatility shock  over the next week or two weeks then Aussie and   New Zealand should actually underperform to the  downside even over and above Euro and the pound  And that's why these two are highlighted in gold  as two of my favorite markets heading into next   week so any pullback in New Zealand France R and  you can see it's really really steep this sell off  So I would like to see a correction consolidation  to get a better price any pullback is viewed as   the opportunity to look for bearish breakouts  down to 0.524 and if we hold and we bounce and  We pull all the way back the 0.538 is the second  place I'd be looking for a shortterm kind of sell   the rip opportunity so instead of on a breakout  on a kind of pullback would be the 0.538 for a  Near-term short opportunity in New Zealand Frank  next week next is Euro Frank now Euro Frank like   Aussie Frank was a market I highlighted in  last week's video to the downside and we did   have a massive sell-off and you can see in last  week's video we did kind of gap down we had a  Very small pullback and then we traded into the  profit taking Zone we kind of held it but at the   end of the week when we had that kind of flight  safety in Gold when we saw crude dool spike in  We saw stock selling off we also saw that flight  safety in the Swiss frank you know Euro Frank to   the downside you can see the momentum driving  Swiss frank to the upside against Euro Frank   in other words Euro Frank to the downside and  that is indicative gain of momentum and further  Declines this week so any pull back in this market  is viewed as an opportunity to look for a breakout   so we're really looking for two things each week  either intra week breakouts down into the 0.942  Or if it holds and there is no breakout and it  trades all the way back and maybe we test this   low here 0.956 that's the second place on the  pullback I'd be looking for a near-term short   opportunity in Euro Frank and the final Frank pet  is pound Frank another Market highlighted to the  Downside in last week's video as a good short and  we did gap down and we actually Consolidated and   then traded into the profit taking Zone and very  similar to Euro Frank we held it until we got the  Flight safety on Friday gold up Swiss frank down  stocks down Etc and don't forget Forex markets   are used in top down macro Frameworks as leading  indicators alongside commodities for equities so   when we look at the NASDAQ you know potentially  posting another lower high and if it does break  The previous low this is when you can start to  see real sell-offs and capitulations when you get   that kind of technical reversal but is that going  to happen or is the NASDAQ going to bounce higher   are we going to see stocks going higher well this  is the question everyone's asking but the Forex  Markets here are telling you that this is risk off  and this is probably just the start of it because   that is the first piece of momentum we have to  the downside when you look at the flight safety  In Gold it's telling you that stocks are very much  at risk of breaking down when you look at some of   the leading benchmarks like the Russell which is  you know made up of small caps it's cyclical in  The sense that it's more exposed to the business  cycle so it tends to lead other benchmarks it's   already broken down quite substantially more than  the NASDAQ which is currently right at that point   where it could potentially go either way and then  you look at the Cosby another leading Benchmark  Already breaking down as well so there's real  risk here over the next two weeks that we get this   kind of volatility shock so going into next week  any pullback once again in pal Frank is setting  Up as a great opportunity to look for intra week  breakouts down to the 1.84 and if we don't break   out and we fail to break out and we pull back and  we start to test lows over here the 1.150 we could  Say that is the place I'd be interested in selling  on a pool back pound Frank to the downside next   week okay so moving on to the dollar pairs my two  favorite Aussie dollar New Zealand dollar and the  Fact that the Australian dollar is at the bottom  of the scorecards and the New Zealand dollar is   not far behind is in and of itself especially  with the Swiss Rank and the US dollar at the top  That is telling you there is a riskof regime  kicking into Forex and this is going to play   out in other markets as well so going into next  week any pullback in Aussie dollar is viewed as  An opportunity to look for bearish reversals and  breakouts in a week into the 06200 or if we fail   to break out and we pull back and maybe we test  these lows over here you see very mini Head and  Shoulders this would be the area I'd be interested  in selling Aussie Dollar on a pullback heading   into next week next is New Zealand dollar now New  Zealand dollar has had a really nice selloff last   week and going into this week this is one of my  favorite markets to the downside any pullback or  Consolidation is viewed as the opportunity to look  for intra week breakouts to the downside into the   0.58 or if we hold this and we pull back and test  the 0.598 this is the area I'd be looking to sell  This on a potential pullback next week next is  euro dollar we've already started to break out   of this consolidation of this correction and so  going into next week any pullback is viewed as   the opportunity to look for bearish breakouts  intra week down to the 1.03 180 or if we pull  Back and we retest the highs over here in the 1.06  area this is where I'd be interested in shorting   euro dollar next week on a pullback and the final  dollar pair is pound dollar again very similar to  Euro dollar we've got the selloff so any pullback  is simply viewed as an opportunity to drop down   and look for bearish breakouts in week into the  1.200 and if we fail to break down in week and  Instead we just pull all the way back especially  if we retest the high this would be the second   place I'd be looking at potentially shorting  pound dollar on a pullback in this case next week okay so wrapping up the video with gold and  silver and gold is a market that been highlighting  To the downside in previous videos and it has  actually performed very nicely to the downside   and again last week I was looking for shorts in  gold in fact I took a short in gold and I got   my fingers burnt on this because everything was  looking pretty normal and there was nothing out  Of the ordinary in Gold last week until Friday on  Friday we had this monster move which was priced   on a daily basis as having a less than 1% chance  and the entire weekly move last week was priced  As essentially there was a less than 5% chance  of that happening and yet it happened on Friday   so very often you don't tend to see this you don't  tend to see improbable things happening in markets   unless there's a catalyst usually there has to  be a catalyst and what was the Catalyst it was  The threat of a land Invasion by Israel into  Gaza this weekend which other entities such   as hisb and Iran have said would or could incite  an escalation in the conflict and this is why we  Saw a flight safety and we've seen this even in  the Swiss frank we saw on Friday the Swiss frank   rallying we saw gold also rallying you know oil  spiking Etc so coming into this week there's two  Things here one the dollar is strong and it is  actually one of my favorite long plays therefore   that is actually a negative to gold and silver  but with gold we are seeing Safe Haven qualities   coming to the Forefront so I wouldn't want to  short gold going into this week so coming into  This week because the dollar has peaked in  the scorecards and could be set for a bigger   correction potentially I would consider because  of the safe haven qualities of gold I would   consider potential Longs so any pullback I don't  think it's the best Market because there is an  Argument you know for correction or downside one  because we've had such a sharp move this usually   PS or corrects and also a stronger dollar also  is a negative for gold so it's not my favorite   Market but on balance out of these two I would  potentially look for gold to the upside next week  I wouldn't short it so any pullback is viewed as  the opportunity to look for potentially a bullish   breakout especially if we see the US dollar start  to soften and continue to correct and I would be  Looking up towards the1 1980 in Gold next week  if we hold this and we pull all the way back   and retest the 1880 area this is the second place  I'd be looking to potentially buy gold on the dip  Heading into next week and finally we have silver  now silver did actually also see quite a strong   move at the end of Friday yesterday however you  know silver doesn't really have the outright Safe   Haven qualities that gold does so it didn't have  anywhere near you know comparatively the rally  It is actually a more volatile asset but it didn't  have you know the scope and size of the rally that   took place on Friday like it did in Gold so going  into this week There's a couple of issues with  Silver I don't really like it and I'm unlikely  to trade it because the dollar is bullish I do   still like dollar Longs again if we get a deeper  correction in the dollar you know and we don't  Get a volatility shock over the next couple of  weeks in fact the dollar just starts to soften   then you know gold to the upside yes and silver  to the upside perhaps but I don't think this is  A fantastic Market on balance I would still prefer  to short silver because it does not have you know   real outright Safe Haven asset status so any  continued pullback in this market and I would   be looking at this potentially you can see this  is essentially setting up as a big bare flag I  Would be looking at this to break out and I would  be potentially looking at shorts down to the 2170   and if we pull all the way back and retest the  high the 2370 is what I'd potentially consider   although probably won't look at trading this at  all but I would consider potentially shorting  This from the 2360 so just to reiterate you know  there are problems around silver we cover silver   every week I would prefer to leave silver out  and if you are going to get involved in you  Know gold or silver for me that would be gold  and potentially gold to the upside but again I   still don't think these two are fantastic markets  heading into this week because of the fact the  Dollar is strong so that is it for me for this  week guys as always I hope you enjoyed today's   video and if you did why not consider joining  us in the room each day where I go through these  Markets and the setups that I'm personally  looking at with members on a daily basis for   over 75 markets in different asset classes  including stocks bonds Forex and commodities