Happy Sunday everyone,

I hope you are having a great weekend.

My holidays are almost over. I have spent the past few weeks in Turkey visiting family enjoying great food, great weather, and even better company. Still, I found the time to finish backtesting my strategy on the 4 pairs I trade. You can check out my backtest for free right here. I will continue and add more pairs: for example USDJPY, USDCHF, GOLD, SILVER, and maybe even some indices.

My Forecast for the coming week

I have again prepared charts for the FX pairs I intend to trade for the upcoming week. Specifically, I trade only four pairs: EURUSD, GBPUSD, USDCAD, and AUDUSD. I used to trade more pairs in the past, but after analyzing my Trading Log, I realized that focusing on these four pairs would yield the best results.

Dollar index

First, look at the Dollar index to get the big picture. At the beginning of next week, the Dollar may retrace a bit, but all and all it looks like the dollar will be moving higher.

4 Forex pairs

On the GBPUSD I have an open hedge long order as it looks like the Cable will first move a bit higher before continuing in my current short position.

If you are interested in my long-term investment strategy and analysis, please visit my profile on Etoro.

Additionally, if you want access to the same charts I use, consider checking out Tradingview.

Also, if you want to learn how to trade like I do, check out my Ebook: Learn to Trade, and consider joining my free Discord server to connect and discuss trading.

Best of luck with your trading endeavors.

Sincerely, Dave.

This information is for educational purposes only and is not trading advice. Please see the full disclaimer here: https://davetromp.com/disclaimer/

0 comments

Weekly Review and Forex Forecast November 3rd 2024

I'm back!

Weekly Review and Forex Forecast April 21st 2024

Weekly Review and Forex Forecast April 14th 2024

Weekly Review and Forex Forecast April 7th 2024

See all posts from Dave