Weekly Supply & Demand Analysis For Jan 15 – Jan 19, 2018

Market activity picked up as expected in the 2nd week of the New Year with major developments across the forex world. Political tensions in the Korean Peninsula eased with North Korea agreeing to send athletes to the Winter Olympic Games holding in the South, signifying a further thaw in the relationship between the two countries. The US also made some strategic political moves, suspending joint military drills with the South, extending the participation of the US in the nuclear deal signed with Iran and giving the green light to holding talks aimed at extending its participation in NAFTA.

Oil prices also continued their gradual push to the $70 mark, while the focus of market participants is shifting to possible monetary policy adjustments outside the US. What does the current week hold for the major currencies and commodities?

Here are the supply & demand levels for this week

 

Eur Usd

After dropping to lows of 1.19152 on the first trading day of the week, the Euro stormed to good gains in the last two trading days of the week against the US Dollar, closing at 1.22026. The Euro was boosted by talk of the European Central Bank getting set to taper monetary stimulus package, as well as a political breakthrough in Germany with the signing of an agreement to form a grand coalition between Chancellor Angela Merkel’s party and the Social Democrats.

Sentiment for the Euro heading into the week remains bullish on the back of these evolving fundamentals.

EUR/USD Daily Supply & Demand zones:

EUR/USD 4H  Supply & Demand zones:

EUR/USD 1H Supply & Demand zones:

 

Get My FREE 6461 Word Book On Supply And Demand Trading

Lear to trade the same way the pros do!
No Thanks, I prefer to Lose Pips :(
close-link

Want Free Forex Trading Signals?

Get Supply & Demand Trade Levels Weekly Into Your Inbox!

Plusss...
  • My 6461 Word Book On Supply And Demand Trading 
  • How Old Supply And Demand Zones Do Not Cause The Market To Reverse And The Reason Why Traders Mistakenly Believe They Do
  • Why The Time It Takes For The Market To Return To A Supply Or Demand Zone Will Determine Weather The Zone Has A High Chance Of Causing A Reversal To Take Place
  • The Differences Between Zones Created By Bank Traders Taking Profits And Zones Created by The Bank Traders Placing Trades
Get Free Access Now!
close-link
New Book: "How To Determine When A Reversal Is Going To Take Place" 
close-image