Weekly Forecast - NASDAQ, CADCHF, EURUSD, GBPJPY - 29 May 2022 - Traders Academy Club

Hello traders, how are you? Vladimir here from Traders Academy Club. Welcome to the weekly forecast and review, and today we are on a video for the week of 29th of May and the first week, official week of June. I would like to wish you a happy summer and I hope you have a wonderful time. In today's video, we would review the 2 instruments I shared with you in the previous week. That will be the euro dollar and the pound yen in a missed this video with the full analysis, you can find this video directly on the channel and watch the full analysis behind it. We will quickly review that and I will share with you 2 amazing new opportunities that I find for this video for this week. And that would be a NASDAQ and the CAD franc. But right before we do that and we go to the charts and start working, if you are new to this channel, welcome to our amazing community. Please subscribe with the subscribe button below this video. And also I invite you to our trading family, Traders Academy Club, where you will get your access to our full VIP price action course where you will enjoy from all our real-time trading ideas and real-time trading education. Every single trading opportunity comes with a dedicated detailed video explaining all the trading techniques Behind it. Join us with the link below this video in the description. And now back to the chart. So the euro dollar and the pound yen were the two instruments we were following the previous week, and the analysis there was pretty straightforward. If we break above this high, buy the dips become our plan. So the first dip was not big, was not significant, which brings in. A great opportunity that the first corrective leg, which I anticipate to do something like that, the first corrective leg would end up with 3 waves reaching the significant zone here. And the closer we get there, the stronger the pullback should be afterwards, and then build up the next opportunity. So this is the follow-up for the euro-dollar And the behavior I expect to see on the coming price. Let me know what do you think about the euro dollar, and did you manage to enjoy from this one yet? And what do you expect to see from it? Leave your comment below and let me know what you think. Also, if you enjoyed this video and other videos I prepare for you, please show your support back. Hit the like button below this video. Few words in the comment section would be an amazing help. Thank you very much in advance to all those of you who help, of course, and also. Feel free to share this video with anyone who you believe can benefit by watching that. This is completely open for the community. So the other pair we've had is the pound yen, where we anticipated to see ABCD correction taking place before the next flip, right? This was the zone we were talking about, and it's still in development. Not much really happened since. So I still share the same view that we will have this ABCD before the next step down, but we also would need to pay attention to— for this, this could be developed eventually as a ranging structure, uh, after the zigzag. So we got 2 waves down, um, ABCD upside, 2 waves up, or a ranging structure. Both are reasonable scenarios, and if that's what the market would choose to do then what we will want to see is it stops around this area, go back below the supportive line, go back below this volume and gain the bearish momentum. Which brings me to remind you, if you still did not do so, you can download this very key trading level indicators, the Volume Zone indicators with a multi-timeframe control directly from here. You can control everything you would like. In as big trends as you would like to get all the volumes that you are interested in and prepare your trading plans accordingly. And the Virtual Trading Pen— these 2 indicators are available for you for free below this video in the description. You would find the links to them, KTL indicator and the Virtual Trading Pen indicators. Follow the links, download, install, enjoy. So what do we have for this coming week? The NASDAQ would be the first one. And I'll present the Nasdaq, but S&P could be absolutely the same. The reason I'll go with Nasdaq is because currently the levels could be more interesting, and I want to begin. So the first one, let's start with the weekly. Okay, after the current flip and the, let's say, the panic that the world has, inflation and everything. Which is absolutely legit reasons, of course, it makes sense that when everybody is panicking, it could be a good time to enjoy some of the rebound rallies, right? Until the confidence will go back to the market and it will flip again. So technically speaking, what happened here in very interestingly developing is that once we flipped, this was the weekly chart. Notice the behavior of the price. We got the low, we retest almost the— almost accurately the high. We retested the high of the downtrend right here. So the next low that is breaking is this low. So I expect with this engulfing that currently developed on weekly chart that we will go and try to reach back this area, close to the highs of the previous uptrend and the high that we currently have on the downtrend. This is the classical first area to pay attention to. The other area is this high of the uptrend, high of the downtrend, uptrend, downtrend. These 2 zones, the closer we get to there, the stronger the next sell would likely to be. But until we are there with this engulfing right on this clearance zone And imagine how many people sell the panic here, and it's a natural rebound. Okay, so with this engulfing, I expect to see some corrective movement happens. Now this is the general analysis. Then we take it to the daily chart, and what I see on a daily chart is clear waves down ending with, well, histogram divergence followed with RSI divergence as well. And the interesting part starts to be here. It all happened after a False breakout that we clearly see here, and as we can see here now, we flip making the highs. Going down to the four-hour chart, we can see that a bit clearer. Let me just enlarge the chart a little bit for you so it's a bit better here. Okay, so we got a false breakout with a moving average of the MACD divergence, RSI divergence, and now we break this high. Completing a convergence. So as we develop this second wave, I believe after a pullback we should see another rally taking place, and that might be something we could enjoy from this week. Dropping down to as low as the 1-hour chart, you would see this wave developing clearer. And here is the reason why I think this way. So the first rally took place as a zigzag, 2 up, 2 down. And the breakout. Afterwards, we gained this momentum, but still without ending divergence. It's all going up. So we are a bit in an overbought conditions, which brings the possibility of a pullback. But after the pullback, I really think that we should see one more final rally taking place. As I said, I presented NASDAQ, but S&P would follow pretty much the same. Price action. So this is what I expect according to my analysis here, according to the follow-up of the waves with multi-timeframe divergence scan. That's what I would expect to happen on Nasdaq. So let me know what do you think about this one, and are you bullish, bearish, and how do you think this one is going to play out? Comment below the video in the comments or Ask any questions you have about this, uh, or anything else. I'll be more than happy to try and to help if I have an answer, of course. Uh, so the next one would be the CAD/CHF, as I said before. And once again, I would like to remind you, this very indicator, the Virtual Trading Pen, and the amazing Key Trading Levels indicator are available for you for absolutely free download. Go below this video in the description, follow the links there, KTL indicator, uh, and the Virtual Trading Pen indicators. Download for free, install, and enjoy. And I hope you will enjoy them as much as I do, or more. So what do we have on the CAD/CHF, and why do I find this one is an interesting opportunity, is that the 3 waves that we've had upside And came to the very strong rejection area. We ended with bearish divergence on the moving averages as well as the RSI. Now look what happens after this massive engulfing that we've had on the weekly chart. One more following amazing bearish week. Now the interesting part starts to be on the daily chart where we actually flip the lows. This was the first low to flip. This is the second low to flip. So currently we are holding an important supportive area. And this low being clean with a lot of stop losses. So I do expect to see some pullback which could be like one wave deep or it could be in sort of a range here. Both scenarios are absolutely reasonable and then make the breakout and gain the momentum all the way lower. So I will mark these important zones. Sorry, this is the first zone, this is the second zone. And if we go to the lower time frame, you will, you will see these marks. That's the beautiful part of the virtual trading pen. It helps me to do multi-time frame analysis, and that's why I love this one so much. And these are the levels that we have here on the 4-hour chart, and this inner zone. Okay, so anything that we get closer to the zone, okay, this is the place where I'll be looking for a slowdown and a bearish divergence. So while the market is making higher highs I'll be looking at indicators to indicate a slowdown and making a bearish divergence. And from there, I believe we might see another corrective leg to the downside. So basically, that's pretty much what I would expect eventually on this pair. And sell the rallies becomes my plan for that. Keep in mind that because the first wave was pretty straightforward, Uh, we might see some annoying movement here, something like that. Okay, it might be slower, but again, the, the levels played a significant role here, not the speed of the trade. The levels played a significant role. As we get closer and we start to see slowdown signs, this would be a great opportunity to start looking to get involved in a bearish direction. It might take some time, but this is definitely an interesting one to follow. Let me know what do you think about this pair. How do you expect this one to play out? And, uh, now I would like to thank you for your time watching this video. Once again, I would like to invite you to our trading family, Traders Academy Club. Enjoy the best value we have to offer to you, as you can see on this very image. Join us with the link below this video. I hope to see you with us. And once again, thanks for your time watching this video. Happy weekend and successful trading week ahead. Best to you and yours, and I'll see you soon with more. Bye for now. Bye.