Forex Weekly Forecast and Analysis 19 December 2022 📈

Hey guys, how are you? Vladimir here from Traders Academy Club. In this video, I would like to share with you my weekly Forex forecast, and we are preparing for the trading week starting off 19 December 2022. I would like to take an opportunity and to wish you in advance a very happy Holiday season. I hope you have a fantastic time with your beloved ones. In this video, I would like to share with you two great trading opportunities I find for this week. This would be the pound New Zealand and the silver. But before we go to the charts and start to explain all the technical conditions and why do I love these two opportunities, the pound New Zealand and the silver, I would like to ask your help. If you appreciate this video and you find them useful and helpful. Please subscribe to the channel, hit this little like button below this video, and leave your comment below. Thank you very much in advance, of course, to all those of you who take the time to support and to assist. And now let's start talking about the pound New Zealand as the first one. As you can see, the price is moving currently in a bearish channel, clear structure of lower highs, lower lows. Okay, uh, with that being said, there is a good chance that this momentum for the longer run will continue and go lower. Will that be able to reach all the way to the bottom? Time will tell. However, there are several key levels here on the way. We have this low from the weekly that was not yet retested after the bounce, and same about this low. So they might be very interesting zones to watch. Also pay attention to this volume area based on the volume profile. Analysis, and this is my volume profile indicator. I call it the key trading levels indicator. The way it looks right now, the price is going below that and holding below that with a very strong probability that after it retests in ongoing trending structure, we might be really going lower to the next demand zones from the weekly chart. If we take it to the lower chart To the daily chart. Sorry, here are the 2 very interesting facts. Here I plot a Fibonacci expansion on the daily ongoing momentum. So we saw the lower highs, lower lows on the weekly. We see the lower highs and the lower lows on the daily as well. Okay, now as you can see, by the way, I draw with my virtual trading pen. This is a question I've been asked a lot about recently. What do I draw with? This is my virtual trading pen, and you can download this indicator and many other of my indicators below this video in the description. You will find the link to any of the indicators there. Just follow the ones that you love, go there, get them installed, enjoy. So the daily chart also supports the weekly direction by making its own lower highs, lower lows, and all that while we are holding below the volume area I mentioned before. So The if I plot Fibonacci expansion on the ongoing waves, we can see that we have two key zones here. The first one is here. The other one is here. Okay, so this is a golden ratio between 61 to 161. That was not yet tested. So was not the previous daily low, and that makes me think there is a good chance that there is. Still a little bit more to go before the market will find a convenient zone to bounce to complete the bullish divergence, and then very likely to bounce back to the volume area. Which, um, with that all being said, uh, for me, sell the rallies is still the plan for the short term and probably for this week, maybe even One week after. So going to the 4-hour chart, we are currently moving in this pretty clean structure by itself, okay? And I think there is a good chance that after a little bounce that might happen at the beginning of the week, we should see further continuation down to enter this key zone, okay? And this is exactly how I plan to work with that, okay? With all the analysis I did And right now, uh, the bounces— we have a resistance area here, okay? And we have a resistance area right here, these 2 lows that were broken, okay? Pretty solid zone. As you can see, there are a lot of lows here on this zone and here, right? Pretty powerful resistance area. So any bounce closer to this zone should be a reasonable area to start looking for bearish evidences in order to be able to join the sell and to enjoy the final ride. Okay, very important thing to say though, if it breaks through the 61.8 area and just keep going, because right, if there are no signs against and just keep going and going and going, let it go. And don't try to guess where the bottom will be, because as I showed you before, according to the weekly, there is a good potential we will see that going lower and lower and lower. So don't try to guess where will be the bottom. If the sellers really maintain their control. Let me know what do you think about this instrument and how low do you believe the pound New Zealand can go. Share your view in the comments section. My next one would be the silver with the current beautiful bounce of the supportive area it has and the volume zone we can see here on the weekly chart. The rally still goes on, but I believe it's coming to the end, and this end should be the falling resistance line that we currently see. Okay, the top of this ongoing bearish channel, and look at this volume zone. Okay, so I think there is a great chance starting from this volume zone and trend line all the way. To the beautiful supply area we have here. This should be the place where the silver will start face some rejection and potentially bounce. However, as long as it didn't, I believe the buys are still ongoing. So the way I see that, these pullbacks should provide us further rallies to the area I just explained before. Okay, so we have the falling resistance, We have the supply, we have the volume. Now where do I expect the bounce to happen from? This is a massive supportive area. It's also laying down next to this strong volume zone based on the volume profile. Okay, so they have a support zone and the volume profile. Besides that, we have another great supportive area right here. Okay. Highs was broken, the lows were retesting, and it becomes a supportive area. And besides that, of course, we start to have ongoing rising supportive lines as well. So any bounce closer to these zones should provide a final rally towards the previous highs we were talking about before. Okay, and this is the opportunity I believe that the silver should provide during this week. Buy the dips is my plan here. One another interesting fact I would be paying attention to is that we are having here ongoing bullish trending structure. Clear sequence of higher highs, higher lows stands for a bullish trending structure. If we manage to see the market pulling back and completing a bullish hidden divergence by making higher lows on the chart versus lower lows on the MACD indicator, this could be an amazing buy opportunity based on a hidden divergence as well. Okay, so we bounce there, we complete that, and we got the signs for a possible continuation. Look for the evidences of bounce there, like bullish candle patterns or reversal patterns On the lower time frame where we can start to see the higher highs and higher lows start to build up. What do you think about the silver? Do you think we still have the room towards the 25 or close to that, or is that a reversal that will take us to below the 20? Share with us your views below this video in the comment section. To download my indicators. Go directly to my blog vladimirribakov.com, then follow the tab of My Strategies and Courses, click on Vladimir's In-House Indicators. This is the marketplace I'm developing together with my team, and here you would be able to find all the indicators you would like. Many of them are also available in free version. Okay, so just scroll down, choose the indicators you want, click to download, install, and enjoy. So that's it for this video. If you have any questions, don't hesitate to ask below the video in the comment section or contact us by email. At support@vladimirvakov.com, and we will be there to help you, to answer you with anything you need. Also, I would like to take the opportunity and to invite you to join us in our amazing trading club, Traders Academy Club, where you will enjoy from all these very amazing things. The best offer you can see on this image: full access to our VIP price action course, real-time trading education, and real-time trading opportunities. And of course our amazing trading community where myself and other veteran traders are there for you. So to join us, just follow the link below this video or the link you can see on this image, and I hope to see you with us. Thank you once again for your time watching this video. I wish you and yours all the very best and happy holidays in advance. See you soon with more, and bye for now.