Vladimir Ribakov analyzes EUR/USD and USD/CAD for the week of September 25, 2022. EUR/USD shows a bearish trend with lower highs and lows, signaling sell opportunities on rallies. USD/CAD faces resistance from a 2018-2020 supply zone, where he expects a reversal.
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Hello traders, how are you? Happy weekend. Vladimir here from Traders Academy Club, uh, and welcome to the weekly forex forecast. Today we are preparing for trading week starting on 25th of September 2022, and after the recent Fed activity and a straightforward saying that we will do all it takes to beat the inflation, hinting that the rates, the hike rates is not over. The market is moving and the market is reacting. And we have a couple of very interesting opportunities I would like to share with you. That would be the dollar Canadian and the euro dollar also. Very interesting tool that I found on the list. But before we go to the charts, if you are new to this community, welcome to our great community. Please subscribe to the channel with the subscribe button below the video. And I would also like to take this opportunity and to wish a very happy New Year or Rosh Hashanah. Shanah Tovah to all the Jewish community. To all those of you who are celebrating, I wish you a wonderful year to you and yours, of course. And I hope everything would be exactly as you would wish it to yourself. So let's go to the chart and see what do we have. Two interesting opportunities that we have. As I said, euro dollar, dollar CAD. Let's start with the euro dollar. This one is very interesting. By the way, also before I really go to the technical analysis, uh, if you are new to this channel and you did not download all the amazing tools I have available for you, so below this video you can find the direct links to all the indicators that you can download, or you can go directly to the blog, uh, my strategies and, uh, courses, and you can find here in-house indicators. Okay, go to vladimirabakov.com, strategies and courses, and you will find here a lot of great, great, great, great things available for you. Just scroll down. Many of these tools are available for free download as well. So, um, check around, download, install, and you would love them. So let's go back to the charts. This is one of the, of the tools you would be able to download. That's my virtual trading pen, of course. So what do we have on the euro dollar? First of all, Without any sort of a doubt, we are in a bearish trend. Okay, you don't need to be a really specialist to understand that the pair is moving down. We have lower highs, lower lows on all the time frames we are heading. Um, we are checking and we are heading very, very, very likely to retest this super powerful zone. Okay, we are talking about this one. Potentially the previous low. Doubtful it could happen straight away. But from my point of view, this couple of lows from the early 2000s, 2001, this zone with the oversold is very likely to be reached. I expect to see some— I was, first of all, the price to reach inside. And then to start to see slowdown. However, until that happens, look at what is currently going on with the daily chart. Okay, so we are moving here in a pretty clean bearish channel. Okay, and yet there is room, as you can see. Okay, this is exactly what I anticipate from This pair. I anticipated to reach this zone. Very likely we will see a bullish divergence start to build up there, and the MACD, the RSI would start to create lows, and the price will eventually slow down. Until that happens, I would really be looking on the lower time frames like the 4-hour and the 1-hour. Again, look at the price action. High, low, lower high, lower low, lower high, lower low, etc., etc. No ending signs whatsoever. So sell the rallies. Okay, now in the Traders Academy Club, we are already in with this hidden divergence we got here. Let me just quickly mark it for you. The lower highs, lower lows we got in play. We got a pullback and look what happens here. Okay, that's a bearish hidden divergence. Lower highs on the chart versus higher highs on the indicator, flipping from positive to negative to positive. Yeah, so we are riding that. However, it's very likely not over. So if you missed this ride, as for now, sell the rally still remains the plan. 4-hour, 1-hour pullbacks, and I believe that there is much more to come. Let me know what do you think about the euro dollar. I'm very interested to hear. How do you see this pair? Because I know a lot of retail traders already involved in buys from the level of parity, and the lower it gets, the more they buy. Um, but we also know that retail traders have that usual tendency to buy too early without official reversing signs. Okay, so let me know, what do you think about the euro dollar? How low can this reach? I'll be very interested to hear what you have to say. Let us know in the comment section. So the other one that is currently ongoing and ongoing very well, but also about to, from my point of view, be blocked on key zone, that will be the dollar CAD, where I anticipate to see short-term fight before the continuation. And I want to mark these levels. But before that, I would ask to— I would like to ask your support and your help. If you enjoy the content, if you enjoy the ideas, please hit the like button below this video. A few comments, a few words in the comment section would be huge help to me, my team, and our work we are trying to do for you. And of course, it will help with all the YouTube algorithm to stay relevant in the online Forex in the YouTube. So please, if you if you can dedicate twenty thirty seconds of your time, a minute of your time, I'll be I'll be very very thankful. And thanks in advance, of course, to all those of you help. Thank you for the help, guys. So the next one is the dollar CAD. Why do I think that we are going to face some shorter block before the continuation? Look at these key levels we have here. So After the move up, right, the massive move up we faced in 2018 up to 2020, when the trend changed and we started to get the lower lows, there are highs that were not tested, right? This high was not yet tested. This high on the move down was not yet tested. And before that, because this low is now cleaned, so let's check the highest high before here. Okay, so look at this Unbelievably powerful area. Okay, the market is is having for us right here. Okay, this is the zone. So the closer we get to this area, the stronger I believe the slowdown is going to be. So I believe that we should start to see here some slowdowns and eventually correction, which could provide amazing trading opportunities. Because, oops, well, the zone is here. So because basically we, we do need reversal signs. So 4-hour did not do any reversal signs yet, right? So we know that from this zone we expect to see pullbacks, but they also should be reversal signs like moving average divergence or, uh, 3 lower highs, lower lows. And as long as it did not happen, if we got drops, it's a good opportunity to look and to join the rally to reach inside this area. And if we don't have that and the market simply does these things and creates bearish divergence, higher highs on the chart versus lower highs on the moving averages, And start to create fake highs. So high pullback, high pullback. And this is a sign that the buyers are slowing down and start to close their positions. And as soon as, as soon as the buyers close their positions, a pullback starts to happen. So from my point of view, dollar CAD also is reaching a very key zone, a very powerful supply zone where I really, really, really anticipate to find great, great, great opportunities in both directions. If you pull back first, we are buying towards that. If we go straight to this area, expect that's the place to slow down and create these reversal patterns, fake highs, bearish divergences, and start to create an opportunity to the downside. So let me know, what do you think about the dollar Canadian? And That's the 2 opportunities I wanted to share with you. I invite you to join us in our trading family, Traders Academy Club. Enjoy from all the rest of the trading ideas we talk during the week. Enjoy our real-time trading education and many more amazing things we have to offer. Join our family below this video. Uh, you can find the link in the description. And also don't forget, below this video in the description, go and download the amazing trading indicators and trading solutions, amazing tools we have for you there. Um, so just follow the links, install, download, enjoy. Thanks for your time watching this video. I wish you and yours all the best, and I'll see you soon with more. Bye for now.
