XAUAUD

Weekly Forex Outlook: August 12

Bonjour, mes amis! 🇫🇷 I’m in Paris, France right now, as I had a spur of the moment idea to spend a week or so in the French capital. Had a good trading week? This was an absolutely epic week for trading, as we finally saw the VIX move back up and many setups worked out very nicely. Let’s go over them right now!

 

On the contrary to what I said last week, gold actually shot up. This is totally due to Trump’s comments about North Korea, which catapults the world’s financial markets into risk-off mode. This means gold and the yen shoot up, which is what happened. Oil, on the other hand, was ranging for the most part of the week but did eventually go down. It is currently retesting the support-turned-resistance zone it broke on Friday and I reckon it’s still an excellent setup to take next week if it goes down again.

 

USDWTI

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XAUAUD forex

Weekly Forex Outlook: July 31

Hi there, traders! How has your trading been last week? You might’ve noticed that for the past weeks, I took some time off. Partially because I’ve travelled back to Belgium but also as a sort of summer holiday, to make the most of meeting up with my friends in Japan. But now I’m back! This will be a shorter outlook as I won’t include trade reviews this time, but of course, we’ll have a look at the best setups for this week!

 

 

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EURGBP forex setup

Weekly Forex Outlook: July 2

And another month has passed! This was a month with low volatility due to summer holidays, not too much economic data releases but many surprising central bank-related events. Nevertheless, there were still plenty of good trades to be made. How did you do this month?

 

Last week also had quite a few interesting opportunities and the trade setups from our l watchlist got some good follow-through. I’m going to discuss one of these trade setups in a moment: the EURNZD 4H long. It’s worth noting that while two of the setups of last week never got triggered (so no money lost either), the AUDNZD 1H long was another nice opportunity to make some pips!

 

This is the power of setups like this: there is always a level that should be broken before I consider entering a trade. In my weekly outlooks, not all of the setups will always break this level and materialise, but that’s not necessary either. When two of the four setups actually work out (like last week), it’s already plenty to have a successful trading week. Of course, patience is the name of the game and most of the time, we just wait until the price does what we want it to do!

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EURNZD

Weekly Forex Outlook: June 24

Hi traders, good morning and good weekend! How was your trading week? For me, the past week was relatively uneventful and with many setups lacking a bit of follow through. Most of the setup in last week’s outlook didn’t materialise, which means that I didn’t take any position in them. Instead, there were a couple of other opportunities that came along as the week went by, still good for some nice trades. We’ll go over one of them in a moment.

 

On a personal note: I decided to extend my stay in Tokyo for another month as I’m having a great time here. The Japanese culture and big city life agrees with me! It reminds me of my time in London. By the way: did I already tell you how crazy good the sushi is around here? 😉

 

 
Some interesting events were crude oil selling off, regardless of better than expected oil inventory data and the recent developments with the UK starting the Brexit negotiations. Not too much has happened otherwise, so let’s not linger too long and have a look at the big picture, before diving into the outlook for next week.

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EURAUD forex outlook

Weekly Forex Outlook: June 17

Good morning crew 👋 and a good weekend too! Another trading week has passed and one theme of this week was pretty much waiting for the big events. We had multiple central bank interest rate decisions and we could often see the market being relatively quiet in between these events. Nevertheless, there were some good opportunities, especially on the daily charts.

 

But first, let’s review our weekly outlook for last week! Let’s start with EURAUD on the daily. I mapped out two scenarios last week, one being a retracement before moving down and one being an immediate break of the support zone. Well, after some hesitation, the support level broke and the price moved down for the second part of the week. A nice trade could be had if you’d entered a short position here!

 

EURAUD review

 

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EURCAD Forex outlook

Weekly Forex Outlook: June 10

Hi traders, how’s the weekend going? I hope you had a good trading week! It certainly was an eventful week, with the UK elections as the main event on Thursday in addition to ECB meetings and a Senate hearing of ex-FBI director James Comey. These events made sure that it was a rather short week for me, without any trading on Thursday and Friday.

 

It was a relatively quiet week for setups as well. I only took two trades: the AUDNZD 4H long and the CHFJPY 1H short. The former had to be cut quickly since it didn’t really work out as planned (I suspect due to a very strong New Zealand dollar) but the latter worked out beautifully. I’m going to review the CHFJPY trade in a moment.

 

If you want to keep up to date on setups during the week, have a look at my TradingView page. During the week, I will often publish a chart setup over there as well if I think it’s worth looking at.

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USDNOK forex outlook

Weekly Forex Outlook: June 3

Hello, champs! The week is done and I’m spending my weekend doing some trade analysis and of course writing the weekly forex outlook! I’ve spent last Thursday travelling on the bullet train from Kyoto to Tokyo and I’m now spending a month in Tokyo. So far, I love it here!

 

 

 

Last week was a bit challenging with lots of setups that didn’t have a follow-through. It’s in these times that knowing when to cut a trade is very important. I took 3 trades: the EURUSD 4H short, the USDCHF 4H long and a 1H short on EURNZD. It ended up being a break-even week for me.

 

If you want to keep up to date on setups during the week, have a look at my TradingView page. During the week, I will often publish a chart setup over there as well if I think it’s worth looking at.

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EURUSD forex setup

Weekly Forex Outlook: May 27

It’s weekend! Another trading week has passed and some decent opportunities have come along. The week wasn’t really that eventful, though. I largely skipped Thursday and Friday as I wasn’t feeling too well, but I had a good GBPNZD short (with pin & drive entry) running on the daily charts since the beginning of the week:

 

GBPNZD D short

 

Additionally, I had a nice and quick AUDCAD price action play on Friday that got filled to the pip with deadly accuracy. I love when that happens!

AUDCAD 1H

 

Quick note: I’ve started a new article series called The Exit. Rather than focus on finding trade setups, The Exit will discuss how I manage and exit my trades in great detail. I’ve already posted a first article discussing an EURAUD 1H short I took last week, have a look!

 

But let’s first do a quick recap of the setups of last week.

 

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GBPCHF forex outlook

Weekly Forex Outlook: May 20

Hi there, squad! How was your trading week? The past week has been… interesting, to say the least! The troubles that surround Trump (the firing of CIA boss Comey, leaks to Russia, etc) kind of held the markets hostage and much of the current market action is fuelled by politics and uncertainty, rather than pure technicals and economic data.

 

However, there were still opportunities to be had! The AUDCHF 4H short we discussed in last week’s outlook turned out to be my favourite trade of the week and we’ll review it in my weekly trade review. The GBPJPY short and Silver long trade also worked out nicely, with only our EURJPY short deciding to move a bit higher. No harm was done, our alerts were never hit so no action was taken on that one. The WhaM system also had a solid performance, although I’ve slightly changed the rules recently, but more on that soon!

 

If you want to keep up to date on setups during the week, have a look at my TradingView page. During the week, I will often publish a chart setup over there as well if I think it’s worth looking at.

 

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