Vladimir Ribakov analyzes NASDAQ and EUR/CHF. NASDAQ shows a corrective phase with higher lows on MACD and RSI before continuing upside. EUR/CHF remains bearish, expecting another low before a bullish divergence, with Fibonacci levels at 52-61-8% aligning with volume nodes.
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Hello traders, how are you? Vladimir here from Traders Academy Club and welcome to the weekly forex forecast. Today in this video I would like to share with you 2 great opportunities the way I see them, and NASDAQ would be the first one and the EUR/CHF would be the other one. But before we go to the charts, uh, if you are new to this channel, welcome to our amazing community. Please subscribe with the subscribe button below this video. And also, I welcome you to our trading family, Traders Academy Club, where you can get your access to our full VIP price action course, real-time trading ideas, and real-time trading education, of course, together with our amazing trading community. Join our family with the link below this video in the description. So let's start with NASDAQ. What does this amazing opportunity look like, and mainly why. So first of all, is that over? Everybody was, uh, trying to scare us that, um, a recession is coming, uh, the inflation will be skyrocketing. But here we are, several hikes, uh, of the interest rates later in It doesn't look so bad, isn't it? So I would like to start with that, that I don't think it's over. I think some correction is absolutely logical, but I do not think, at least as for now— I might be wrong, and, you know, after some time we might see differently— but at least at the moment, I think this is just a normal, uh, sort of relaxing period, calm down period before the next, uh, storm will take place. And it makes sense because the Fed and all the other leaders are trying to simply sell us the story that the inflation is not so bad after all and everything is under control. JP Morgan said recently that there will be no recession while so many other economists were warning us about it and inflation would be cut by half or more and we are back to normal as soon as the beginning of 2023. So who to believe, right? So as a trader, I believe the charts. And at the moment, here is what I see. I see key trading levels here. By the way, guys, if you are new to this channel or even if not and you still didn't do that, These 2 amazing indicators I work with, the Virtual Trading Pen and the KTL, the indicators that allows me to, as you can see, control all the multi-timeframe analysis and find the key trading levels that are based on volume profile, are available for you for absolutely free below this video in the description. You can find a direct link to it or in the pinned comment section. Uh, pinned message in the comment section. You can also go directly to the blog vladimirribakov.com, and here under My Strategies and Courses, uh, the In-House Indicator, you can find the 2 indicators I just, uh, mentioned— the Key Trading Level and the Virtual Trading Pair. Download them, install, and enjoy. So here we are, we are in a very key zone right next to, as you can see, dynamic 200 moving average support. Okay, pretty strong, pretty powerful supportive area. Let's plot the volume zones here, and you can see that we are bouncing off the weekly and monthly volume zones. Next, uh, the last time that the price bounced off the 200 moving average in this uptrend, it definitely did its work and its purpose. So besides the key volume zone, we have a slowdown divergence on the histogram while the chart making lower lows. The indicator shows higher lows on a daily chart. Same story: the most recent lag ends with a moving average divergence. Okay, and this is a classical opportunity to say, okay, we are very likely building up some sort of correction. And here is the opportunity the way I see it on the four-hour chart. Note that the most recent lag. The— remember the legs, how they were looking like on the daily chart? So we created here the bearish trending structure, 3 lower highs, lower lows. And from this position, from lower lows on the chart, we were countering by higher lows on the moving average of the MACD as well as the RSI. And right now we are climbing above this key high, okay, making the 2 waves. So the way I see that We should be forming one more wave correction and continuation, or it simply would create some sort of a zigzag—two waves up, two waves down—and then one more shot to the upside. So I believe we entered some sort of a corrective phase. I would say in the market in the summer and to. Take it easier, relax a little bit after a very serious red period in the market. Let me know what do you think about the NASDAQ. And also I would like to ask your support. If you find this video and other videos I, uh, record for you, uh, in the channel, please show your support back. It's very much appreciated and very much needed to keep this channel relevant and interesting. Hit this little like button below this video. A few words in the comment section would make a great help to me, my team, and my— in our work for you. So thank you very much in advance for all those of you who take the time and help. So this is the first one, and the other one would be the euro franc, where I believe we still need to see the weekly creating one more low Until this bullish divergence would be completed. So there is a good chance we should see the price pushing lower on a daily chart as well as the weekly. We do not have any signs that the ongoing bearish trend is over. Moreover, this ABCD and this trend line was broken, so there is a good possibility we would try to see some sort of correction towards that. It might be in a straight wave, it might be in sort of consolidation, and from there further continuation down. Now if we examine this daily leg, this first daily leg, it would look like— let me go to the 4-hour chart. As you can see, this is the daily leg and this is the 4-hour chart. So it is building for us Classical three waves, so a corrective movement here is more than welcome. And then I think the continuation down is basically at the moment at least inevitable. I believe, as I said before, that the daily one more final daily low is yet daily and weekly low actually is yet to be created. So rallies and further sell continuation becomes my my plan here. We can plot the Fibonacci, and you will see some very interesting level. Here are the Fibonacci retrace levels. Note that the 52, 61, 8 percent of Fibonacci retrace face a classical volume here from the daily chart, and also these massive. Support that turned to be a resistance. So the closer we get to these levels, the stronger and more likely the further pressure to the downside would be. Let me know what do you think about the euro franc and where do you believe this one is going. And I would like to take this opportunity and to thank you for watching this video. I would like once again to wish you a very happy summer. We are officially in the summer. We crossed through June 20th. So enjoy your summer, enjoy your families, enjoy your plans that you have. And I welcome you to Traders Academy Club, our trading family, once again, and enjoy the best value we have to offer. You can join us with the link below this video in the description or in the pinned message in the comment section. Thank you for your time. All the best to you and yours, and I'll see you soon with more. Adios.
