Weekly Forex Forecast (June 26-30, 2023)
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See exactly how I’m trading DXY, EURUSD, GBPUSD, AUDUSD, and USDCAD next week:
https://dailypriceaction.com/setups/weekly-forex-forecast-june-26-30-2023/
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_________________ CHAPTERS _________________
0:00 $7k trading bonus offer
0:55 DXY
4:50 EURUSD
7:22 GBPUSD
10:14 AUDUSD
12:44 USDCAD
_______________ DXY Forecast _______________
I continue to be bullish on the US Dollar Index (DXY) over the longer term.
I’ve maintained that bullishness since April, when the index sat at 101.00.
The dollar has pulled back significantly since then, but as mentioned in last week’s EURUSD video, the 102.00 region is key support for the DXY.
That’s where the index bounced last week.
Get the entire Weekly Forex Forecast here:
https://dailypriceaction.com/setups/weekly-forex-forecast-june-26-30-2023/
_______________ EURUSD Forecast _______________
EURUSD played out perfectly for us last week based on Thursday’s video analysis.
If you saw the video, you know I was watching for a confirmed fakeout below a 4-hour trend line and key horizontal area.
We got the confirmed breakdown and follow-through of over 80 pips.
Get the entire Weekly Forex Forecast here:
https://dailypriceaction.com/setups/weekly-forex-forecast-june-26-30-2023/
_______________ GBPUSD Forecast _______________
GBPUSD recently broke above a key area at 1.2740.
I’ve written about it and made several videos discussing the breakout, including last week’s GBPUSD video analysis.
However, instead of longing the pound at new support, I’m more interested in shorting the pair on a confirmed takeout.
Get the entire Weekly Forex Forecast here:
https://dailypriceaction.com/setups/weekly-forex-forecast-june-26-30-2023/
_______________ AUDUSD Forecast _______________
AUDUSD is another pair that played out perfectly last week based on Wednesday’s video analysis.
I was watching for a daily close below 0.6785 to confirm the fakeout and short AUDUSD, which we got on Thursday.
Friday’s session followed through with a 94-pip drop.
Get the entire Weekly Forex Forecast here:
https://dailypriceaction.com/setups/weekly-forex-forecast-june-26-30-2023/
_______________ USDCAD Forecast _______________
USDCAD is a pair I’ve had my eye on for the last few weeks.
I was originally looking for a bounce from the November trend line at 1.3330, but the idea never materialized, so I didn’t take the long trade.
I made a video last week discussing the significance of the 1.3100 support area.
Get the entire Weekly Forex Forecast here:
https://dailypriceaction.com/setups/weekly-forex-forecast-june-26-30-2023/
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
#forex #DXY #EURUSD #GBPUSD #AUDUSD #USDCAD #forexforecast
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