Weekly Forex Forecast - EURUSD, AUDCAD - 9 October 2022 - By Vladimir Ribakov

Hello traders, how are you? Vladimir here from Traders Academy Club and welcome to the weekly Forex forecast. Today we're preparing for the trading week starting off October 9th. In this video, I would like to share with you 2 great opportunities I found. That's the EUR/USD and the AUD/CAD. 2 of them are very, very, very well technically built and could be very nice opportunities Uh, for the coming week, maybe even after as well. But before I go to the charts, if you are new to this channel, welcome to our fantastic community. Please subscribe with the subscribe button below this video. And also I invite you to download the amazing trading solution, indicators, tools, and more that we have for you in our marketplace. Below this video in the description, you can find the direct links to download the virtual trading pen, key trading levels, and many more indicators. Or you can go directly to the blog vladimiribakov.com, my strategies and courses, in-house indicator. Scroll down and find the ones that you love. We have amazing solutions here. Many of them are available as well for free. So what do we have on the euro dollar without any sort of a down, a massive, massive, massive trend? And so far it doesn't look it's over. However, I do believe that we are now in this area slowly, slowly building up the bottom, which very likely would create, um, more significant, uh, turnaround before, uh, later on, uh, we will have another big continue— continuing wave of the bearish trend. But before all that happens for the long term, let's see what do we have currently on the shorter one. The first one is daily channel. This is so far, uh, going so well technically built that it does look like the market is, uh, in the momentum of trying to achieve one final low and to complete the divergence. Right now, after making this false breakout between these 2 lows, there is no bullish divergence. As you can see, it's a full, uh, synchronization— lower lows, both the chart and the indicator— which in such cases many times comes to the place where we get one more fake low. And that's what I would anticipate from the euro dollar. And there are 2 ways I would expect that to happen. So the first wave— the first way, sorry, is if the euro dollar completes the structure of 3 lower highs, lower lows in the bearish momentum that represents a control of the sellers, then for me it's sell the rally. So I want to see the 3 lower highs, lower lows a pullback towards the, um, resistances areas, and from there look for further bearish continuation until the daily will complete its new low. The other scenario is if the euro dollar completes here some sort of a zigzag structure, we'll try to make one more fake rally And on the indicator here, we would see while the chart will try to make higher highs, the indicator will complete, uh, bearish divergence by making lower highs. And from there, I'll be again after sells. So this is how I see the euro dollar and how I want to follow with the waves and look to trade them on the coming week, maybe 2. Let me know what do you think about the euro dollar. Uh, what would you expect from this one? How low can this one reach after such a massive trend? Uh, share your views in the comment section below this video. And also, I would like to ask your support. If you enjoy the video and the content I upload for you, please hit the like button below this video. A few words in the comment section as a support, as a feedback, would be very much appreciated. And it would be a great help for myself, my team, and of course the channel and the work we do. So thank you very much in advance to all those of you who take the time to help and support. The next pair that I want to share with you would be the Aussie CAD. This is also ongoing bearish trend. Now the interesting part here that we are approaching to significant levels. If I plot the Fibonacci extension on The ongoing legs, okay, first and second versus the correction. Look at the this low, okay, this level we have coming together with this low of the downtrend. This is the first key zone to watch. If it managed to go below this area, then the next final zone I would anticipate here would be here, the 100 Fibonacci expansion of both. Measured legs. Now, all the bullish view— sorry, all the bearish view for me would remain, uh, relevant and active as long as the weekly chart did not complete the bullish divergence. Now, taking the longer-term analysis, and let's just erase that, and, uh, going to the lower time frame. So the first Right, we got here the structure ABCD correction, and right now we are probably finalizing the, the final run, the final low. So with that being said, we are currently on a bearish channel as well, like the euro dollar. You can see it here, and I believe that on the short term we should be looking for further continuation until the multi-timeframe divergences would actually go and complete. So I would be looking to trade the inner channel here, this one inside the bigger channel. And for me, sell the rallies here on the lower timeframe would be the one I'll be looking to do on the coming week. This is the one I refer to. Okay, I expect it to do something like that, and this should provide the opportunities to ride, um, further to the downside to complete a final low until the 4-hour, daily, and then the following weekly bullish divergences would complete. So my view would be relevant as long as we stay inside the bearish channels I just showed before and sell the rallies as long as the structure of the lower highs, lower lows remain. For me is the plan here. Let me know what do you think about the Aussie CAD. I believe this is one of the greatest technical conditions we currently face, and I'm looking to trade this one during the week on a shorter term. Share your view in the comment section below. If you have any questions, you can contact me and my team in the comment section. And meanwhile, I would like to thank you for taking the time watching the video. I hope you enjoy the ideas and the analysis presented to you. And I invite you to join us in our trading family, Traders Academy Club, and enjoy all these amazing things we have to offer. As you can see on this very image, To join our family, just follow the link below this video in the description. So thanks again for your time. Best to you and yours, and I wish you a very successful trading week ahead. Bye for now. I'll see you soon with more.