Weekly Forex Analysis: 26-30 September 2022

DXY

On the weekly chart, DXY created a new demand zone around 107-635-109.602 levels and showed strong bullish evidence to the upside.

If price continues to trade higher above last week’s high, the next potential target is 116.834 level.

DXY Forex analysis

EUR/USD

On the weekly chart, EURUSD created a new supply zone around 0.99486-1.02019 levels and showed strong bearish evidence to the downside.

If price retraces back up to test this supply zone, we go short to 0.92069 as potential target.

EURUSD Forex Analysis

GBP/USD

On the weekly chart, GBPUSD went all the way down to test a weekly supply zone around 1.04742-1.08951 levels.

If this supply zone is respected and price starts showing bullish evidence to the upside, we go long.

Our potential target is 1.20075 level.

GBPUSD Forex Analysis

AUD/USD

On the daily chart, AUDUSD created a new supply zone around 0.66843-0.67732 levels and strong bearish evidence to the downside.

If price retraces back up to test the 0.66843 level, we go short to 0.62413 level as potential target.

AUDUSD Forex Analysis

NZD/USD

On the weekly chart, NZDUSD created a new supply zone around 0.59871-0.62453 levels and showed strong bearish evidence to the downside.

If price retraces back up and tests the 0.59871 level, we go short to 0.52432 level as potential target.

NZDUSD Forex Analysis

USD/CAD

On the weekly chart, USDCAD created a new demand zone around 1.28997-1.31346 levels and showed strong bullish evidence to the upside.

If price tests the 1.39926 level and shows enough bearish evidence, we short.

USDCAD Forex Analysis

USD/CHF

On the daily chart, USDCHF is moving sideways testing the supply zone around 0.97667-0.98700 levels.

If price breaks above 0.98700, the next potential target is 0.99901 level.

If price continues to trade inside this range, we wait for a retest of the demand zone at 0.94513 to go long.

USDCHF Forex Analysis

USD/JPY

On the weekly chart, USDJPY created a new demand zone around 130.608-135.567 levels and showed strong bullish evidence to the upside.

If price retraces back down to 135.567 level and shows enough bullish evidence, we go long to 151.629 level.

USDJPY Forex Analysis

XAU/USD

On the daily chart, Gold broke below the 1664 support level and showed strong bearish evidence to the downside.

If price continues to move lower, the next potential target is 1601.170 level.

Gold Forex Analysis

Crude Oil

On the daily chart, Crude oil broke below the demand zone around 81.25-84.32 levels and showed some bearish evidence to the downside.

If price breaks below 77.79 support level, we go short to 67.46 level as a potential target.

Crude Oil Forex Analysis

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