A1 Trading

This Week's USD Forecast

January 24, 2022
Frank Cabibi

The dollar index has seen a 1.5% gain from the lows it bounced from including a 0.38% gain on the day today. COT neither suggests the upside or downside of the dollar as it appears big money is decrease their foothold in the dollar altogether. However, we are seeing a move away from risky bets like crypto and stock market plays followed by a move towards risk-off bets. So, here's this week's USD forecast.

USD Forecast- Best Pairs

USD/CAD (Bullish Bias)

usd forecast
USDCAD breaks above clean resistance on the 1D chart after bouncing above the rising trend line paired with the 200 DMA. More resistance sits above around 1.27462.

USD/JPY (Bullish Bias)

USDJPY fell to support on a rising trend line and is looking to test resistance around the 50 DMA. If price can hold itself above this trend line, we can expect a further move to the upside to possibly test a higher high.

AUD/USD (Bearish Bias)

Aussie-dollar looks bearish as Australia's government is slower to move towards a tighter monetary policy. CPI is also expected to come out higher this quarter than the last. It looks like price will want to come down to test support around 0.69938 before it makes another directional decision.

The EdgeFinder

All-in-one Fundamental Dashboard

30 Days Access

Free Telegram

Join for daily analysis and trade setups!

Join Telegram

DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
Signals

A1 Trading Company

A1 Trading is a leading financial analysis and trading education company dedicated to empowering traders of all levels. Our team combines extensive market knowledge with cutting-edge technology to provide valuable insights and tools for traders worldwide.
2024 All Rights Reserved | A1 Trading Company
There is a significant degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable risk exposure, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.
homesmartphonelaptop-phonecross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram