Weekly Forex 10-14 October 2022

DXY

On the weekly chart, DXY tested the demand zone around 107.635-110.183 levels and showed bullish evidence to the upside.

If price breaks above 115.387 level, the next potential target is 116.834 level.

DXY Forex Analysis

EUR/USD

On the daily chart, EURUSD created a new supply zone around 0.98739-0.99963 levels and showed strong bearish evidence to the downside.

If price violates the demand zone around 0.95374-0.96662 levels, the next potential target is 0.93055 level.

If price tests this demand zone and retraces back up, we short at 0.98739 level.

EURUSD Forex Analysis

GBP/USD

On the daily chart, GBPUSD tested the supply zone around 1.13674-1.15909 levels and showed strong bearish evidence to the downside.

If price tests the 1.08860 level and shows enough bullish evidence, we go long to 1.13674 and 1.17112 levels as potential targets.

GBPUSD Forex Analysis

AUD/USD

On the daily chart, AUDUSD broke below the 0.6400 level range and heading down towards the demand zone around 0.61104-0.62413 levels.

If price tests this demand zone and shows enough bullish evidence, we go long to retest the 0.65725 level.

AUDUSD Forex Analysis

USD/CAD

On the weekly chart, USDCAD is trading near weekly supply zone around 1.39270-1.41401 levels. If price tests this supply zone and shows enough bearish evidence, we short to 1.34100 and 1.31183 levels.

If price breaks above 1.41401 level, the next potential target is to test the daily supply zone around 1.44260-1.46656 levels.

USDCAD Forex Analysis

USD/CHF

On the daily chart, USDCHF is moving sideways near the daily supply zone around 0.99901-1.00615 levels.

If price breaks above it, the next potential target is 1.01723 level.

If this supply zone holds and price breaks below the trendline, the next potential targets are 0.97540 and 0.96346 levels.

USDCHF Forex Analysis

USD/JPY

On the daily chart, USDJPY is moving sideways at supply zone around 144.467-147.689 levels.

If price returns to 143.280 level and shows bullish evidence to the upside, we go long to 153 level as potential target.

USDJPY Forex Analysis

XAU/USD

On the weekly chart, Gold tested the demand zone around 1572.941-1625.955 levels and retraced back up to 1726.811 level. Price showed rejection to the downside suggesting the continuation of the bear momentum for this week.

If price breaks below 1572.941 level, the next potential target is 1528.978 level.

XAUUSD Forex Analysis

Crude Oil

On the daily chart, Crude oil broke above the trendline and created a new demand zone around 85.38-88.87 levels and showed strong bullish evidence to the upside.

If price continues to rally, the next potential target is 100.88 level.

Crude Oil Forex Analysis

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