Vladimir Ribakov analyzes EUR/JPY and AUD/CAD for the week of Jan 23-28, 2022. EUR/JPY shows a sell-the-rallies setup with lower highs and histogram divergence suggesting downside. AUD/CAD displays a bullish MACD divergence that hasn't produced higher highs, with a projected target around 0.89-0.88.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and in this video it's my weekly forex forecast and market analysis. This video is for the week of 23 to 28 of January 2022. Previous week we've had a great, great, great trading week. Where the market provided us great opportunities. One of them was the dollar-yen, which I also sent the video during the week with the follow-up. If you missed it, please make sure to watch the video from previous week. And in this week, I have 2 very interesting opportunities which I would like to share: Aussie CAD and euro-yen. But before I go to the charts If you are new to this channel, welcome to our amazing community. Please subscribe to the channel by following the subscribe button below the video and just remember to enable the notification so you know when there is a new video available for you. And also I would like to invite you to join our trading family Traders Academy Club where you will enjoy real-time trading ideas delivered to you With the real-time trading education. Each video comes with a video, educational video, explaining the whole analysis and the strategy applied in the specific trading opportunity I share with you. To join our trading family, please follow the link below the video in the description or in the pinned comment in the comment section. And now let's begin. So the first one would be the euro yen, where we have a very interesting technical setup. And let's start with the weekly time frame. So what do we have here? So first of all, a key volume zone, which you can see here from the higher time frame. Now all the indicators you see here, the false breakouts, the convergence, the divergence And the volume, that's indicators I use. This is part of my marketplace, which you can find the link to in the blog, also in the description below, in the pinned comments as well. So we have the volume, we have a very strong swing high, which is here, which is a rejection zone. And the interesting part is that we fail above it. You can see we try to break above and we fail. The next attempt. Lower high. Then we got lower low. The next attempt, one more lower high. So we can clearly see that the buyers are weaker. And with this slowdown we've had here, or even on a bigger scale, as you can see, the second wave very much slower. There is a very good chance that our correction down is not over and we still have room towards the next important swing low zone. And if we go to the lower time frame daily chart, we can clearly see the bearish tunnel we currently face. The attempt to pull the prices higher failed, as we can see, and we started to see the rejection again. And what happened since then? We started to make lower highs, lower lows, which you can clearly— rare. See on the four-hour chart right here. So the way it is right now, there has nothing against us besides the slowing divergence. There is no moving average divergence. There is only histogram divergence, which means very likely somewhere around this zone, we would start to see the price trying to make attempt to go back higher to retest the previous broken highs. We have a high here. And here, and then this high and high. Okay, these 2 zones are the zones where— oopsie— where we could see the price pulling back up to, where from I would expect to see further bearish continuation, as there are no signs against at the moment. And if you remember The daily chart. If we plot this channel, there is a very good chance we would see the visit of the channel again. So euro yen sell the rallies is my first one I have on the list for the coming week. Let me know what do you think about the euro yen and what is your idea on this instrument. And of course, if you have any question about any of the terms I'm using, please feel free to write it down in the comment section, and I'll do as soon— I'll do try my best to answer as soon as possible on this one, of course. And also, I would like to ask your support. If you find my work useful, helpful, educational, please hit the like button below the video, drop some feedback in the comment section. 15 seconds of your time is a huge help to me and my work and of course to the YouTube channel. So thank you very much in advance to all those of you who take the time and help to support me and my work and this channel. And also feel free to share this video because it's open for the community where I hope the trading ideas help other traders find great trading opportunities. The next one I have on the list, it's the Aussie CAD, and this one is very, very interesting because from one side we already had a bullish divergence here— lower highs on the chart but higher lows— sorry, lower lows on the chart but higher lows on the MACD. But the fact is that we never managed to flip the trend by making higher highs. And this is a very suspicious sign because if we take a look on the lows of the previous downtrend, this low was never yet tested. And there is a great chance it will, taking into consideration that on the weekly we never completed the divergence. it, it might be a sign that the market wants to go lower. Going down to the daily chart, we start to see some slowdown between the big lows, but we never completed that with a reversal. We never got false breakouts and higher highs yet. So I think that that's a way the market is trying to tell there is more to come on this one. And from my point of view, if we drop down to the 4-hour chart, This is where it starts to be interesting. We do have 3 lower highs, lower lows, which represent a bearish trending momentum. We got a lazy first leg, so we might complete the second leg here before a sell, but there is a very good chance this is going to be some lazy sort of correction here before it breaks and continues lower. If it managed to do so, which I Personally believe it would, and that's how I plan to trade it. I believe that the fair target zone would be the lows here, this zone, which is around the area of 0.89 down to 0.88. So in the long term, it's not a worthy trade, but if it really managed to give us the range, you know, let's not Here, uh, and if it might give us the ABCD or the range as we discussed before, then with a small enough risk-reward, we might get here a great— for a small risk and great reward, um, down to 0.89, 0.88, we could have here a great trading idea. So, um, the combination I love to see here is a multi-timeframe analysis. This is how I trade. That's exactly what I teach in Traders Academy Club. Multi-timeframe analysis, synchronization of 3 timeframes with the combinations of divergences and cycles, waves inside it, or when there are no reversal signs. So basically when we are trying to ride the trend when there are no reversal signs. And this is the case here. I don't believe we got yet— maybe it will change, but at the moment We didn't have any trend change signs, and I believe there is at least one more low to create and to form before the price would actually manage to turn around and flip to the upside. So let me know, what do you think about the Aussie CAD? How do you see this opportunity? I'm very curious to hear. Are you also bearish or are you bullish? And if yes, why? And again, any questions or anything you would like to ask, please write down in the comment section and I'll do my best to answer as soon as possible. And once again, I would like to take the opportunity and to invite you to join us in our trading family, the Traders Academy Club, where you would enjoy all the real-time trading ideas, real-time education, And mainly, mainly, mainly where you will learn how I do all my things and why. And I work in 3 steps trading. That's always my leading principles: analysis, strategy, management. That's how I determine my trading. That's how I do my trading. And for each of these steps, there are specific strategies. The way to analyze specific techniques, the way I trade specific strategies, the way I manage also specific techniques, tactics, I would say. So I invite you to join us in Traders Academy Club. For me, it's my trading family, and I hope to see you with us. The invitation link you can find below in the description and the pinned comment. And that's my opportunity to thank you for your time. Watching this video. I hope you find it useful, helpful, educational. I wish you a wonderful trading week ahead. There are a lot of more trading opportunities building up, so don't miss. Again, you are welcome to join us in Traders Academy Club. So see you soon. Thanks for your time. Stay safe, be healthy, take care of yourself and your beloved ones. Bye for now. See you soon.
