Forex pairs covered in this week’s Weekly Forex Forecast & Forex Analysis: USD (DXY), SPX (S&P 500), EurUsd, WTI (Crude Oil Trading), XauUsd (Gold Analysis), XagUsd (Silver Analysis), UsdCad, UsdChf, GbpUsd, AudUsd, NzdUsd, CadJpy, ChfJpy, GbpJpy, AudJpy, NzdJpy.
The Forex analysis outlined in the Weekly Forex Forecast should be used together with professional Risk Management principles to create a complete Forex strategy. Any Forex trader who does not currently have a professional Risk Management process can get one for free in GMT's Free Forex Trading Course here:
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How to use the Weekly Forex Forecast market analysis
The Forex analysis in the Weekly Forex Forecast can be used with any Forex trading strategy but should be used together with professional Risk Management principles to create a complete Forex strategy. Any Forex trader who does not currently have a professional Risk Management process can get one for free in GMT's Free Trading Course here:
All chart analysis of each Forex market combines key support and resistance levels, in the direction of the prevailing trend, to create a framework where the odds are in the favour of each Forex trader. We cover why this is crucial to long term success in the Forex markets in detail in the Risk Management section of GMT's Free Trading Course Forex Forecast & market analysis video presents the highest probability directional move for every market every market presented each week. Only the best chance which offer the highest probability move are presented with chart analysis each week.
When assessing the Price Action of each Forex market in the Forex Forecast video we create the chart analysis using multiple time frames, however the presentation in the Forex Forecast video is made in the 4h time frame.
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Stock Market Fundamentals - Analysis (Swing Trading & Breakout Trading) -
Risk Management -
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The Weekly Forex Forecast market analysis video can be combined with GMT's Free Trading Course to provide a complete Forex Strategy for every Forex trader to approach the Forex markets with each week. It uses the following process to put the odds onto the side of the each Forex trader ensuring long term, sustainable success in the Forex markets:
Directional Bias
By assessing the overall trend of each market a directional bias is created in each Forex pair which helps put the odds on our side for reasons covered extensively in the Risk Management section of GMT's Free Trading Course.
Support and Resistance
By updating key support and resistance levels in the chosen Forex markets each week each Forex trader can assess potential set ups on a pullback to support and resistance levels or by filtering out trades which might be too close to upcoming support and resistance levels. It is an additional filter which increases the odds further in our favour.
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In the Technical Analysis section of GMT's Free Trading Course both Breakout and Swing Trading techniques are covered and both can be used to enter positions into the Forex markets for set ups as highlighted in the Forex Forecast.
Stop Losses
Stop Loss placement depends on the individual Forex trader with Stop Losses and Position Sizing being covered in great detail in the Risk Management section GMT's Free Trading Course for any Forex trader who doesn't yet know how to correctly implement these techniques for watching this weeks Weekly Forex Forecast market analysis and a big extra thank you to those who comment, like, share and subscribe to the channel!
Have a great week and don't forget to trade safely!
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