Weekly Forex Forecast (05/08/24) EurUsd / XauUsd + Forex Trading Plan! [HD]

Weekly Forex Forecast with Full Forex Trading Plan!

Forex pairs & markets covered in this week’s Weekly Forex Forecast & Forex Analysis:

USD (DXY), EUR, GBP, CHF, JPY, CAD, AUD & NZD

Crude Oil, EurUsd, NzdChf, NzdUsd, NzdJpy, CadChf, UsdCad, CadJpy, AudChf, AudUsd, AudJpy, EurCad, EurNzd

Gold Analysis - XauUsd
Silver Analysis - XagUsd

#forex #weeklyforexforecast #forexforecast #forextrading #forexanalysis #forextradingforbeginners #howtotradeforex #technicalanalysis #swingtrading #priceaction #priceactiontrading #supportandresistance #forextradingcourse #forexcourse #freetradingcourse

How to use the Weekly Forex Forecast

The Forex Forecast video presents the highest probability directional move for every market each week as well as a "work space" for each Forex pair by putting into place the key support and resistance levels.
When assessing the Price Action of each Forex market in the Forex Forecast video we create the analysis using multiple time frames, however the presentation in the Forex Forecast video is made in the 4h time frame.

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Learn to trade with the Get Me Trading Pro Course which teaches traders how to trade Forex, Stocks, Bonds and Commodities as well as how to trade Forex and Stock Market Fundamental Analysis, Technical Analysis and Risk Management Principles.

Each section of GMT's Pro Trading Course can be found here:

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A complete Forex Strategy:

The Weekly Forex Forecast and Technical Analysis video can be combined with GMT's Pro 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 Pro Trading Course.

Support and Resistance

By updating key support and resistance levels in each Forex market each week a "work space" is created allowing each Forex trader to 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.

Entries

In the Technical Analysis section of GMT's 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

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Thanks for watching 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!

Get Me Trading Team

[getmetrading]

Welcome all Forex traders to this weeks Weekly Forex Forecast & Forex Analysis!
Video index for this weeks Weekly Forex Forecast & Forex analysis with times listed below

02:38 Relative Currency Analysis (Market Selection)
06:14 Currency Pair Selection (Watchlist) - This is where Set Ups & Currency Pair Analysis begins
21:33 XauUsd & XagUsd (Gold & Silver)


I wish you all a nice weekend and a profitable trading week next week

[matthewmartin]

John, since joining about a year ago, I can't even count how many times you've put me on track for big winners and how many times you've blocked me from taking big losses. Thanks for the timely warning on Friday for the massive S&P500 short!

[TheKitneys]

Last week I traded the EURNZD and the NZDUSD and made a hansome profit. Your Realtime Setups helped a lot in keeping in those trades when I was in drawdown. Thank you Mr Fortune.

[sizwemlangeni]

Finally the face on the voice. Since I've subscribed this is the first time I see your face. Thanks for the analysis buddy 🇿🇦

[SDJS]

Thank you John ! Have a great week and see you in the Room ! Great info all through the week it's really keeping me on track through these turbulent times.. 🙏🥇🏅🏆

[gopimorla]

Thanks John .. last week is wonderful week in members area

[michaelokolie]

I am your biggest fans i have been following your YouTube channel for almost a year and it's has shape my setup

[derricksmart]

Great Forecast as always. I see you upgraded your Forecast. I like it and can't wait for tomorrow video from you. Enjoy your Week

[victorenekwechi]

your analysis last week was on point. made profit on cadjpy, nzdjpy, cadchf, nzdchf, audchf, euroaud. u are a blessing

[twiggyjimmysan]

Oh hey John, finally get to see your face

[marcogomes]

Great forecast like always John, thank you. Have a great weekend see you Monday in the GMT

[klyeyon]

Ahh so late today, it's my sleeping hours, but I'm still watched until the end, waiting for the video you mention tomorrow, can't wait to learn it.

[antonycappas]

Many thanks John, great as always, see you in the room during the week. Tony from Sydney

[fazm]

absolutely amazing, thanks john, ,.please include yen carry trade in your QA video, explain us what it is

[ernestolongoria]

Hello John, thank you as always. Have a great weekend and week ahead, take care.

[forexevangelist]

Nice work again John, your updates was massive, please when will the GMT courses be ready, or is it ready?

[varunkumar]

Hi John & Team GMT, Excellent analysis as always. Last week's forecasted pairs and commodities delivered outstanding results. With several airlines canceling flights to Lebanon and Israel, how do you think the Middle-East situation will impact the markets? Also, with such uncertainty, Gold is expected to move higher, but it didn’t last week. What’s your view on this? Thank you for sharing the best setups for the week ahead. Best wishes to everyone here for another profitable week ahead. Cheers..!👏👍

[absolute___zero]

Commodity currencies (AUD, CAD, NZD, MXN. etc) sold off because people withdrew money from crashing stock market, when you pull your money, you return it to your own currency, which is AUD CAD NZD, MXN, etc. This is why flight to safety into USD didn't happen. But the right thing for the market is : assets sold -> USD goes up. I think this will happen in coming weeks, when new investors will start buying stocks again after crash. This pattern is not that acute on the EURUSD because EURUSD is much bigger market and it is not that affected by few foreign investors pulling out their money from stocks. TLDR: USD will start rising substantially when stock markets pause the crash mode

[kazemhamidnia]

thanks for forex analysis
please if possible do daily analysis before us session on gold

[ldCat]

John, thanks for the hard work!
Great overview as always! 👌
To my utter chagrin JPY pairs just fell through the floorboards into the abyss that is the carry trade unwind, with never so much as a glance back.
Barring a significant correction, getting on that bandwagon is an increasingly dubious proposition 🥴
Oh, well. The FOMO serpent is ever coiled at the door attempting to slither in. Doubtless the rest of this year will offer many a great ride elsewhere as volatility gains free rein. Gotta incarcerate the emotions, stick to the data! 😼