 Hi, my name's Liam Rowe currency trader and trading coach at trading 180.com and welcome to this week's Applied Demand Forex technical Analysis if you're new to this channel when these videos Welcome and if you're returning welcome back been away for for a week and I didn't do a video last week but I'm back now the currency pairs that I will be analyzing are in the Description box below their time stamped as well as the chart analysis on trading view. So Let's get into this week's Excuse me, let's get into this week's Analysis and what we do is we start off on, you know fundamentals the heads up for this week as the markets and price Usually driven by either fundamentals or sentiment and the price Isn't always reflected in value and value isn't always reflected on a price chart So what we're doing with supply and demand is looking for bargain areas to buy and Undervalued areas depending on which currency you want to buy the quote or the base currency now In the week ahead, we've got the US will publish the jobs report alongside foreign trade ISM manufacturing PMI and all home sales, so Probably say, you know jobs report is obviously the big one and that has a reflection on You know things like GDP Elsewhere the European Central Bank and the Reserve Bank of Australia and Bank of Canada will decide on monetary policy So that's going to be another big one monetary policy. It basically is what they Is going to be interest rates inflation with a hike in holding or cutting depending on what they see in the economy and Inflation other important releases include UK services and construction PMI as Eurozone in Japan Eurozone Japan and Australia GDP growth again, very important and China foreign trade inflation data and Caxing nothing. That's how you pronounce it services PMI So lots to look forward to you know in in this week and let's see how the releases of these fundamental macroeconomic Data will affect, you know price and value and if you want to understand more about Fundamental analysis, then I have a fundamental analysis trading course absolutely free link is in the description box below that go over the fundamental and sentiment analysis, so that's Risk on and risk off when I talk about sentiment analysis All right, and also I'll show you some other stuff in there, which is very useful for things like news trading If you click on this fundamental analysis spreadsheet it will give you an overview of What I am and my opinion on You know, whether I'm bullish on the dollar Neutral slight bearish bearish and from here you can kind of derive What pairs really you should be trading strength against weakness if we go to the left straight to the right? Here we go here are my ratings obviously bullish being a buy bearish being a 100% sell and Everything in between they just varying degrees of strength. This is where I get my analysis Results from sentiment analysis and last time I updated it was today the third of March, so let's get into the chart analysis and We start off as we always do on the Dow Jones dollar index So you can follow along on trading view as well because trading view and search Leon row and You'll get this analysis now. The last time I dated these charts was the 26th of February Been a very busy week But now obviously we're going to be updating them from from now on every week or bi-weekly or so So just follow along so from The 23rd so 26th of February What we've had is a Bit of a push-up from the for the Dow Jones dollar index Which is just a measure of strength of the dollar against the major currency pairs like the euro pound and the yen so We've basically pushed up my price may be pushed down into this demand zone here But we've come back up into this supply zone as you can see this week. There has been a bit of strength in the In the in the dollar we look at the charts. So what you're looking for is pretty much just British price action to confirm if you're entering on any type of dollar trades We don't trade this this currency pair We just look to see if prices are coinciding with supply or demand zones or if there's any general strength coming into the market When it comes to the dollar index and dollar strength And then you would look to dollar pairs in order to trade those pairs. So Looking at the current price chart If you are looking to short the dollar and looking for dollar weakness on any currency pairs, then we are obviously into this supply zone So what you'd be looking for is some bearish price action Here and then looking for Bearish price action on any of the dollar index crosses Sorry dollar crosses and then if you're looking to be a buyer Then you'll be looking for one of two things you're looking for prices to even come all the way Down to where this demand zone is before putting in some bullish price action Or what you're looking for is bearish price action And bullish price action to create new highs and then you'd be waiting for prices to come back down into This area here as we know that higher highs and higher lows are the Best areas to look for, you know long trades and they create demand zones higher highs and Lower highs and lower lows right or what we look at. We're not looking at drop base rally rally base drop And I explain if you are a bit confused about that in the beginners guide to supply and demand so That's what we're looking at for this week If you're looking at buying the dollar, you're pretty much waiting for a bit of a pullback new high pullback into that demand zone And then look to get along if you're looking for short trades now You're looking at this as just confluence and to bearish price action or for prices to come down here some dollar weakness in price and then look for buying opportunities so moving on to the Dollar yen and the dollar yen. This is what we saw on the 26th Feb and What we're gonna do is we're gonna load the new bars and see what has happened Obviously, we've had you know those bullish days since 26 for Feb three bullish days on the dollar index and you can see it's been reflected on the dollar yen that pretty much Risk has been has been on Well mainly on even though there are worries in the global economy with you know things like Brexit and you know the Chinese and US trade war But it seems that the market is reacting to really just overall dollar strength and I think last week the US GDP ended up being better than expected so It's obviously reflecting on the price chart. Alright, so we've pretty much just cleared this supply zone here so we go to the Dollar yen, this is what we see And what we're gonna do is delete that And then what we're gonna do also is just put put your demand zone Right here as you've made higher highs and higher lows So you can start to see where prices high No, and then we make new highs So this area if prices do come back down to this demand zone This is where we should be looking potentially for long trades if you're looking to buy the dollar If you are looking to Sell the dollar your first real area. It's gonna be actually up here or And let's prices create lower highs and lower lows What I mean by that is you're gonna see prices make bearish And a bullish and a potential bearish Candlestick pattern and then you're looking for prices to come back up to this area here before looking at potential sells So those are your options for this week, obviously got sure some demand down here with some horizontal confluence as well if we're looking at any kind of trendline and diagonal Support, let's see if we get any a little bit. So again, we could see prices come down into here Now you can see and I want to adjust this as well top of this demand zone you've got Diagonal support and you've got horizontal support as well. You've got resistance resistance. So traders will be looking at this area here as a level to get long and you're at the You're in an area of demand personally, I would probably prefer price to come deeper down into this demand zone But that would be the first area to try to look For potential long trades if we get any kind of price action and risk is on so now moving on to the dollar Swiss the dollar Swiss This is what we had prices did come down into This demand zone here gave a bit of price action but ended up Failing coming down into this demand zone and I'm reacting here. So If you were looking to buy the dollar Right now, you're in a bit of no man's land and let's go to the actual chart Of the dollar Swiss when I say no man's land you kind of in between this This demand zone Now will be called supply as you've made new Lows So that's your supply zone right there so you're kind of in between here And obviously this area of demand And if you're looking for obviously entries I don't really enter too much on the daily time frame I will enter on an intraday So looking at four-hour time frame charts what you might want to do is look for prices to come back down into this area of Demand looking to buy the dollar before looking at any kind of long trades Short trades at the moment probably looking maybe prices come a slightly higher and then look for Sell trades here, and then you've got obviously your sell trade You know daily supply zone here as well So at the moment those are your options for this week and again Just to reiterate you have to believe that even the dollar is going to get weaker And then Swiss Frank is going to get stronger at a supply zone right from a fundamental or sentiment perspective or at demand zone you have to believe that the US is going to get stronger and the Swiss Frank is going to get weaker right based off of interest rates inflation and GDP and the GDP cycle in This pair I'm looking to be a buyer So I'm looking for probably some sort of retest if I can get an entry as well and the lower the better for me Again just Making sure that risk is on so next currency pair is going to be dollar CAD And the dollar CAD We did have some news regarding GDP and the Canadian dollar You know was way below expectations In fact, I think the month of month was zero point one So you can see where prices did kind of touch this demand zone, and you had obviously the other Diagonal trend line support And you can see where prices now, you know have moved up from there now we're into this supply zone so Supply wise I would say this is going to be your first area of supply Now if you feel that You want to be short here again? Just look down into lower timeframes and look for selling opportunities your next area to look to get short by the Canadian dollar would be Here if not you're looking at all the way up here and less prices obviously create a Supply zone if you've missed out on this on this trade Then say let me add this demand zone right here What you're waiting for is a pullback Into this area of demand is clearly demand here In fact, that would be what I would consider hidden demand right there, but I did it from the low and Then you're waiting for basically a pullback into this demand zone and before looking to get long and less we create higher highs and higher lows and then we would look for the Higher low in order to get long on this currency pair So then moving on to New Zealand dollar US dollar and what we've had is from last week prices come back up into the supply zone and Again sold off here Again Covalent and with US dollar strength. So looking at the price chart Your options for this week you're looking to buy the US dollar I'd probably wait for prices to come up into a fresher area of supply before looking to get Short reason wise because this area really has been now touched once twice after you know The the second time of touching the third time Kind of diminishes The the probability of a successful trade. This is really where you know, the highest probability trade was the first touch second touch You know, it's okay as well. But once you start getting to the third and fourth touches. That's where I don't really want to be a A buyer of the US dollar so I'm waiting for fresher areas of supply Technically in fact, we do have demand zone right here right there But what I'm gonna do is within that demand zone is look for potential horizontal support and resistance you can kind of see it here Where you have? Resistance support support bit of resistance resistance here and support right there So I would say if prices do come down into this 70 zero point six seven five area You do get some bullish price action if you want to be a buyer of the New Zealand dollar Then this would be probably the first opportunity to look to get long But again looking for shorts Higher up here first long right here and against look for maybe a bit more Confluence if you're looking for a bit of more of a reversal Maybe into this zone here, but keep in mind that this demand zone around the six seven five six seven Zero point six seven round number has been touched once twice So this is gonna be a third, you know potential touch if you are in it You know, maybe you want to look for you know Target's probably down into this fresher area of Demand right as long as the US dollar, you know continues to Be the best out of the The major currencies so moving on to pound dollar and Pounder Brexit sentiment we did have a bit of a push-up and And that was really due to Theresa May Potentially taking no deal off the table when it comes to MPs voting so they would she was proposing that there was gonna be either her deal or remain which is regards whether you're a remain or a brexit, which is really You know not not really carrying out the will of the people who did vote brexit But the markets like it because they like, you know certainty Yeah, they like the fact that the option of no deal and uncertainty It's off the table. So that's what was pushing, you know, the news of the British pound, you know higher But again, we've kind of stored here prices have stored in this area So again of this of this supply zone So if you were looking to buy the US dollar then this would be, you know, this would have been great area to look for short trades Let's go to the price charts Yeah That one So again zooming out. This is more of a fresher area. You can see we have from this Higher area of supply. This was a fresh area hadn't been touched And then the first time really at this price level this one point three three five level And the one point three three round number is where Prices have really kind of touched, you know, for the first time in in ages since the ninth of July so Prices are now reacting to here and again if you get some negative sentiment on the British pound and You know positive sentiment bullish on the dollar then this looks like a great trade to the downside lots of pips in this one If you haven't got in at the highs But what you're looking for probably maybe if you're looking to get in is maybe a bit of a pullback into this area before looking to get Short or even just maybe to the underside, you know of this supply zone before looking to get short if you're looking for Long trades just delete these Buying the dollar Then what you're looking for is that's an area of demand right there. You also have some confluence Where you've got a bit of support resistance in that area as well So you've got support Bit of support resistance there there There and then there again You got one probably slightly higher as well around here probably immediately It's gonna be around This area here I'll get rid of these two for now Just so that doesn't look too cluttered price chart So these are gonna be your areas to look for long traits So over the top higher end of this demand zone or lower end of this demand zone Or down into the 1.28 area But again, you have to ask yourself why are you buying the British pound? Yeah, if it's a sentiment play and you you know, then then brilliant I'm gonna say brilliant I mean, you know sentiment if you know There is no deal taken off the table when there is just remain all Theresa May's vote Then you know the markets do like that and if you know that is occurring as prices come down into this Demand zone then that is a decent buy but overall Buying the British pound the closer we get to you know Deadline day and if obviously Brexit is extended that'll be good for the for the British pound I think it's a good for it, but I think the markets were definitely like an extension as well So now moving on to the Euro dollar Euro dollar so what we had Pretty much just kind of been in a bit of a range since for the last, you know, three trading days So again, we're in In between this supply zone and really this demand zone right here Let's go to the Euro dollar You do have Zoom in slightly Yeah, you do have a Another demand zone just right here on top of that so What you're looking for is pretty much any kind of move back into this area here this one point one 331 level 132 level before looking to potentially get long and if you are and it's buying the euro if you're looking to get Short on this currency pair and buy the dollar which I am These are the areas that you'll be looking for now It's a decent area, but the best area is gonna be the fresh air area of Supply which is gonna be around here. This is where It's gonna be the best trade Obviously, you know, you can attempt to get short here depending on what is happening fundamentally and sentiment-wise Euro dollar, but this is definitely gonna be the trade And this is why I also call it a breakout CPR Zone as well, right which adds to the supply and demand equation if you want to know about CPR zones I have a couple of videos on my channel. Just search capture pain relief So I'll draw that over as well Draw that over as well. So Again, pretty much itself expanded prices come up into this area here Look for shorts down here then look for longs depending on your fundamental bias Next is the euro yen Euro yen We did have again some risk-on sentiment Japanese yen isn't doing too well fundamentally and We've just basically made higher highs higher lows. So going to the euro yen that's Delete that and start adding some demand zones Right here Right here as well so again, if you're looking to potentially trade the trend to the upside These the areas that you'll be looking for long trades if you're looking for potential Short trades in fact, I don't know why this isn't on here. There should be supply right there Supply yeah, I'm not gonna take this off for now Because it hasn't quite cleared it So right now you could be looking at a sell trade Down into this demand zone again just looking for intraday opportunities Right. Yes, it's gone above it, but I'm gonna keep it here Just in case this could be a potential, you know fake out All right, and if you start to see prices, you know come back in to this area and then look for sell trades But I'll keep the supplies on on here on the daily time frame chart even though we have you know pierced it and closed Candlestick closes above it doesn't mean that every candlestick close means that a level is gone Because you have such thing as stop hunting, right? So if you understand about stop hunting then You'll understand that We don't always believe what we see when it comes to price If you are looking at Any kind of short trades? This is where you'll be looking to potentially get sure if not around here Moving on to the Australian dollar US dollar and I was waiting for prices really to come up into this supplies I'm really wanting to get in short on this currency pair, but prices just didn't give me an entry and the prices have obviously sold off So where we are now on the Aussie dollar is Looking at potential buy trades if you're looking to buy the Australian dollar It's gonna be obviously into into this immediate area here We're looking at sell trades You have got a bit of supply here So If prices do come back up here, this would be the first opportunity is it the best opportunity in my opinion? No Unless prices really kind of make Move down right price like make a move down and break below You know these this area here that I know this is confirming that this is a stronger area of Supply and then I'll be waiting for prices to come back up into this area and look for some short trades If prices do start to reverse from here, then I'll be looking for this area here as an area to look to get you know short Long trades again, we've got these areas of support and resistance or support in areas of demand Which just adds to the supply and demand equation and we're looking at where other traders are potentially looking to add to their position. So These are the areas within this wide demand zone of where you may want to look for long trades and Finally we're going on to the Australian dollar Japanese yen and What we've had was from last week again prices came up into zoom in a little bit Prices they come up into this area here before selling off and price came up into it again So this is the first touch second touch decent now when you can start getting to the third touch of levels This is where you want to kind of you know beware of what it is. You know that you're potentially buying So going on to the Aussie yen If you are looking to hear and if you are short right now you'd be looking to probably ride it down to this demand zone here if You are looking to buy the Australian dollar then You'd be looking for Prices to really kind of come down here because we are between at the moment this range high and this range low and the Aussie dollar is Very susceptible to and it's a really reflection of risk sentiment So if risk is off the Japanese yen will benefit risk is on the Australian dollar will benefit So I like to keep my eye on the Australian dollar Japanese yen even from the trade in this currency pair to gauge risk From a currency perspective And if you are looking to you know buy the Japanese yen and this is the range you're buying at the high of the range You've got a decent, you know Move to the downside in order to you know make some pips But just make sure that obviously risk is going to be off, right? So risk is off the table risk on is when fundamentals are in play and the Australian dollar. You'd be looking for pretty much neutral Demons over here as we have made higher highs and high lows All right, so this is where you'd be looking for any kind of Buying opportunity and again if that fails then you'd be looking for buying opportunity in these in the 76 74.5 and 71 areas so With that being said that brings us to the end of the analysis for this week Hope you enjoyed it if you have any questions just email me at info at trading 180 comm leave any comments don't forget to like subscribe and Share and check out the content on the YouTube channel and also at trading 180 comm Have a great trading week and take care