Weekly Forex Analysis: 24-28 October 2022

DXY

On the weekly chart, DXY tested the supply zone around 113.301-115.387 levels and showed enough bearish evidence to the downside.

If price tests the 110.183 level and shows enough bullish evidence, we go long to 113.301 and 116.834 levels as potential targets.

DXY Forex Analysis

EURUSD

On the daily chart, EURUSD is moving sideways and testing the supply zone around 0.98739-0.99963 levels.

If this supply zone holds and price shows enough bearish evidence, we short to 0.96662 and 0.93055 levels as potential targets.

EURUSD Forex Analysis

GBPUSD

On the daily chart, GBPUSD tested the demand zone around 1.09208-1.11021 levels and showed some bullish evidence to the upside.

If price continues to move higher, the next potential target is 1.17112 level.

GBPUSD Forex Analysis

AUDUSD

On the daily chart, AUDUSD tested the demand zone around 0.61189-0.62521 levels and showed enough bullish evidence to the upside.

If price continues to move higher and breaks above 0.64000 level, the next potential target is 0.65754 level.

AUDUSD Forex Analysis

USDCAD

On the daily chart, USDCAD tested the supply zone around 1.39433-1.40525 levels and showed enough bearish evidence to the downside.

The next potential targets are 1.35412 and 1.33074 levels.

USDCAD Forex Analysis

USDCHF

On the weekly chart, USDCHF tested the supply zone 1.00987-1.02293 levels and showed enough bearish evidence to the downside.

If price continues to move down, the next potential targets are 0.98738 and 0.96429 levels.

USDCHF Forex Analysis

USDJPY

On the weekly chart, USDJPY tested the supply zone around 152.023-155.884 levels and showed enough bearish evidence to the downside.

If price continues to move down, the next potential target is 137.504 level.

USDJPY Forex Analysis

XAUUSD

On the weekly chart, XAUUSD tested the demand zone around 1572.941-1625.955 levels and showed some bullish evidence to the upside.

If price continues to move higher, the next potential target is 1747.500 level.

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 tested the demand zone around 79.24-81.96 levels and showed some bullish evidence to the upside.

If price continues to move higher, the next potential target is to test the 92.04 level.

Crude oil Forex Analysis

Risk Disclaimer: By viewing any material or using the information within this site, you agree that it is general educational material and you will not hold anybody or entity responsible for loss or damages resulting from the content provided here by “TradingFXHub”. The owner of this website is not a licensed financial advisor, your trades are the result of your actions and not his. If at any time you use any advice or opinion stated in this website and you lose money, this is your fault and you should not hold TradingFXHub accountable. TradingFXHub has no control over your trading account, and therefore, your money. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money you cannot afford to lose. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.