Weekly Forex Supply and Demand Outlook 2014-09-07

EURCAD – Long

EC dropped into the demand zone I noted in last weeks outlook. I’ll be watching for signs of a move north this week.

A21 image 1 EC Daily

EURJPY – Long

EJ is still on my radar for a long trade and we’re now only a few pips away from the zone. Price has dropped nicely so far and if we see another red daily candle or two then I’ll be watching more closely.

A21 image 2 EJ Daily

EURNZD – Long

EN has dropped in the demand that I mentioned the past two weeks so I’ll be watching to see whether price will rally from here or not.

A21 image 3 EN Daily

EURUSD – Long or Short

EU is very close to demand but we may see a retrace first. I’ll be watching for shorts initially until the demand level is hit.

A21 image 4 EU Daily v01 A21 image 5 EU Daily v02 A21 image 6 EU Daily v03

GBPAUD

GA broke through the demand I mentioned last week and is heading for the next one. I’ll be watching to see whether or not that one will hold.

A21 image 7 GA Daily

USDCHF

USDCHF rallied strong at the end of last week creating a nice looking demand level. I’ll be watching for longs from it.

A21 image 9 USDCHF Daily

2 Comments

  1. Haji Zul on September 19, 2014 at 09:06

    Really appreciate your weekly update about supply and demand..

    Really like it

    • Joe Wright on September 21, 2014 at 11:33

      Thanks Haji. I’m glad you find it useful.

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