Vladimir Ribakov analyzes two forex pairs for November 20-25, 2022. AUD/NZD shows a broken bearish channel with bullish MACD divergence suggesting a turnaround. GBP/CAD displays a double-cycle formation and bearish moving-average divergence pointing to a downside move.
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Hello traders, how are you? Vladimir here from Traders Academy Club and welcome to the weekly forex forecast. Today I would like to share with you 2 great trading opportunities for the trading week starting off November 20th. The first one would be the Aussie Kiwi and the other one would be the pound CAD. 2 very interesting opportunities. And before I go to the charts and explain all the technical conditions— what do we have and why do I expect these trades to deliver the moves I expect— if you are new to this channel, welcome to our amazing community. Please subscribe to the channel with the subscribe button below the video, and remember to hit this little like button if you find this video helpful. So now let's go to the charts. And what do we have here on the Aussie Kiwi, which I find very interesting? It is coming for a retest of the broken channel. This was the bearish channel, the trade that the pair was moving in, and we are very close for a complete retest. Besides that, take a look what happens here. In terms of the Bollinger Bands movement, after spiking through the upper Bollinger Band and completing the inner candle, we go here inside the Bollinger Band, and the body of the red candle is within the range of the green candle. Look at this straight move. I call that bend-to-bend movement. It is one straight move without any corrections, which usually creates at a distance of upper to lower Bollinger, up with 50%, within 50%, it creates a powerful zone for potential stop. So if we add to that the support area, dynamic support of the broken, uh, resistance, of the broken trend line, sorry, and we add to that this ongoing dynamic support connecting the lows Look what we got here. We receive an amazing opportunity for the bounce. Look what happens in the volume. Okay, this indicator you see here, it's a volume profile based indicator. I call it the KTLI, Key Trading Level Indicator. The reason I love that is because it shows volume-based key trading levels on multi-time frames. By the way, this and all the other indicators, uh, that I have in my, my marketplace, you can download directly if you go below this video in the description. You will find the links there 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. Okay, and now, so as I said, we are coming close to the broken trend line, the ongoing supportive line, and a massive, massive, massive volume we have here. Okay, and besides that, the Bollinger Bands, as I presented before, all that creates a classical condition for a possible pullback. And here is what I expect to see on a daily chart. I believe this is coming to the end here in this cycle we have here. Okay, it could be a double cycle or a triple cycle. And look at the beautiful zone. It creates for us right at that area. So the way I believe this pair is going here, it's moving down. It should go and complete the structure. Let me just zoom out a bit. It should go and complete the structure of the lower highs, lower lows. And once it does make that, we should start to see a bullish divergence completing here. Very possible to see two lows on the MACD as well, and this would be the signs that it is the beginning of a slowdown and turnaround to the upside. Another important level I will be paying attention to is this dynamic support connecting the lows. Let me just connect it a bit better. Okay, so the closer we get to this area, the stronger the bullish pressure starts to be, and I believe. As soon as we are there, the reversal signs will start to appear and build up to provide amazing buy opportunities. Let me know what do you think about the Aussie Kiwi, uh, and, um, how do you expect this one to behave? Bearish? Bullish? Where from? Where to? Please share your views and your inputs below this video. In the comment section. The next opportunity is let me just go a bit bigger here. The pound CAD, and why do I love this opportunity? Is because I believe we are building here a double cycle with a potential bearish divergence on the moving averages building up. Now take a look on the level of 160 psychological level, and besides that, the 61.8 Fibonacci expansion of the double cycle. Okay, now look at these supply areas we have here on a daily chart, which creates here an amazing, uh, level of potential resistance. If we go to the weekly chart, here is what you will see. The dynamic support area that was broken is very close to be retested as well. I think this is a classical place for a potential rejection at first. And the way I believe this pair is building up here is the— this would be the double cycle from the daily that we saw, the big leg. And this is what, from my point of view, building on a 4-hour chart a triple cycle. As you can see, a bearish divergence on the moving averages starts to build up here. While the market is creating the higher highs, the MACD starts to show lower, uh, lower highs, which usually is an indication that the buyers are running out of steam. So I believe This is the place where we start to see the false breakouts. Oops, sorry. This to start to see the false breakouts, and as soon as the false breakout and the divergences take place, we get close to the area, the daily area that we saw before. This is where the bearish pressure should start and build up, and this corrective move downside could provide. An amazing opportunity to enjoy, uh, from several hundred pips to the downside. So these are the 2 fantastic opportunities I found for the week and I wanted to share with you. Let me know in the comment section below this video what do you think about this. If you have any questions about anything I explained or anything else you would like to ask about trading, don't hesitate to contact in the comment section below this video. And also, I would like to take the opportunity and to thank you for your time watching this video. I hope you find it useful and helpful. If you did, don't forget, hit the like button. Feel free to share this video with anyone who you believe can benefit by watching that. And I invite you to join us in our trading family Traders Academy Club and enjoy the best offer we have. As you can see on this very image, get your access to our full VIP price action course, real-time trading education, real-time trading opportunities, and amazing trading community. Join our family with the link below this video in the description, and I hope to see you with us. I wish you a wonderful trading week ahead. Thank you for your time once again. Best to you and yours, and I'll see you soon with more. Bye for now.
