In this weekly video, Vladimir Ribakov of Traders Academy Club reviews the macro‑fundamental backdrop (Fed rate‑pause hints and stable non‑farm payrolls) and then presents detailed technical analyses for two cross‑currency pairs: GBP/CHF and EUR/AUD. For GBP/CHF he notes a recent fake low near parity, an oversold RSI bounce, a falling resistance line aligned with a key volume‑profile zone, and a 61.8% Fibonacci expansion that together define a potential short‑term sell zone and possible corrective bounce scenarios. He also mentions bearish divergence on the daily chart. For EUR/AUD he describes three diminishing waves, a false breakout near the 1.45 psychological level, bullish divergences on MACD histogram and RSI, and a higher‑high/higher‑low daily structure leading to a consolidation that he expects to break upward toward resistance around 1.60‑1.62 and possibly 1.67‑1.70. Throughout, Ribakov promotes his in‑house indicators, invites viewers to download them from his website, and encourages likes, subscriptions, comments, and joining the Traders Academy Club community.
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Hello traders, happy weekend and welcome to my weekly forex forecast. Vladimir here from Traders Academy Club, and in this video I would like to share with you 2 very interesting opportunities the way I see them. It will be the pound franc and the euro Aussie. So after the, I would say Volatile fundamental and also technical, of course. Week with the Fed sending pretty straightforward hints that it's good time to consider and reducing the pace they hiking the rates and the nonfarm payrolls showing stable numbers. The market reacted amazingly, especially on the majors. I believe that they all the majors are reaching to levels where will they slowly. Will start to slow down and wait until the official rate decision coming next month. Uh, and, uh, with that being said, I believe that the crosses could provide some good opportunities. So the first pair I would like to share with you and the way I see that on the chart would be the pound franc. But right before I do that, I would like to ask your support and your help If you appreciate these videos and you find them useful, please hit the like button below the video and subscribe to the channel if you still didn't. Feel free to share this video with anyone who you believe can benefit by watching that, as it is open for the community.
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So the first instrument is the pound franc, and after a Fake low was created, and we reached almost to the parity level pound franc. There was a dramatic bullish reaction right from the bottom. RSI was oversold, and it was bouncing beautifully. I believe that we are now in a corrective structure of this bearish move. So the falling resistance line that we currently see on the pound franc weekly chart, if we connect the falling Resistance highs is right here next to this key volume zone, as you can see on this amazing indicator, the volume profile.
To download my indicators, go directly to my blog, Vladimir Ribakov dot 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.
Beside that, it is a resistance area as we can see, and also a volume area and a falling resistance line. So from my point of view, this is going to be a key area, and when the price enters inside, there is a very good chance we should see some bounces afterwards before potential future rallies. So on the short term, I believe these levels we see from the, um, weekly chart and the 61.8 expansion we see on the Fibonacci should start to provide some slowdown area. So what we see here is the first volume zone on the way and consolidation from the daily chart, and right after that we see the swing high and the resistance, which are next to the 61.8 Fibonacci expansion. So I believe the closer we get to these areas, and with this bearish divergence to be completed on a daily chart, right from these areas, I believe the market should provide good short-term sell opportunities. Another possible scenario here is that the first reaction from the market would be a correction And then rally towards the mentioned zone to complete a divergence afterwards. Something like that. This is also a possible scenario. So if it first of all pullbacks before reaching the areas, it could be a great look to consider and join further to the upside towards this zone. So that's my view on the pound franc. Let me know what do you think about this instrument and are you bullish or bearish? Finish up to where? Share your, uh, inputs in the comment section below. Also, if you have any questions you would like to ask about anything I explained, feel free to ask in the comment section. I'll do my best to answer as soon as possible. And now let's go to the second instrument. That would be the EUR/AUD, which I believe has all the amazing technical conditions going from the weekly chart. After having 3 massive waves that each of them getting slower and smaller than the one before. We end here with a false breakout, fake low right next to the 145 psychological level, and a bullish divergence on the moving average and the histogram of the MACD as well as the RSI. But the interesting fact here is the price flips and closes above the high and holding above the high. Okay, and also the convergence higher highs on the MACD histogram flipping from the positive to negative to positive. That's a very good potential corrective or reversal strategy for a corrective movement, and that's what makes me go to the daily chart. And here is what I see here: three higher highs, higher lows on a daily chart provides a trending structure, and afterwards. We start to see consolidation. The reason I love this consolidation is because it has all the spots inside and a failed attempt to break. Okay, now what I want to see is the price going and holding above this ranging structure, and then with the pullbacks, I believe we should see the price taking another rally, big rally very likely, towards this key Resistance from the weekly chart around the 160 up to 162, and then potentially all the way to the supply around the 167 up to 170. So this, from my point of view, is amazing opportunity. Let me know what do you think about this pair. Are you bullish, bearish, and what would you expect? Share your views. In the comment section below. And also feel free to ask any of the questions if you have in the comment section. So that's it for this video. I hope you find that, uh, this opportunity is useful. And I would like to invite you to join us in our trading family, Traders Academy Club. Enjoy from the best things we have to offer to you, as you can see on this very image. Follow us with the link below this video in the description. Uh, and, uh, join the family. I hope to see you with us. I wish you and yours all the very best and successful trading ahead, and happy December and holiday seasons in advance. See you soon with more. Bye for now.
