Vladimir Ribakov forecasts bullish moves on USD/JPY toward 118-119 and CAD/CHF on strong volume and higher highs. He notes geopolitical tensions reduce technical setup reliability and warns traders to stay disciplined rather than chase trades in uncertain conditions.
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Hello traders, how are you? Vladimir here from Traders Academy Club and welcome to my weekly forex forecast and market analysis. Today we are preparing for the trading week starting on the 13th of March 2022 and This is, first of all, opportunity to once again say that I really hope that all the crazy situation happening in Russia and Ukraine would end soon. As for myself, I was born in Belarus and family in all 3 countries, and it's a very sensitive subject, and my prayers to all those who are involved. With any possible way that all that will end soon and we will be back to normal days. My prayers for everyone there and for the families. So let's begin then in today's video. I have 2 very interesting opportunities which I would like to share with you. That would be the CAD/CHF first of all and USD/JPY. Technically very interesting opportunities. But before I do that, if you are new to this channel, first of all, welcome to our community, and I would like to invite you to subscribe to the channel with the subscribe button below the video, and also to invite you to join our trading family, Traders Academy Club, and to enjoy from our VIP price action course, real-time trading ideas and real-time trading education. Each trading idea is delivered with a dedicated video explaining all the techniques standing behind it. Follow us with the link below in the description or in the pinned comment in the comment section. So what do we have there on the CADCHF and the USDJPY, which I want to talk about? But before, quickly a review of the previous week expectations that I was talking about. The first one failed to deliver was the EURGBP. I was expecting that this break below the supportive area Would turn to be a great opportunity to ride down as long as this divergence didn't complete. However, it turned to be a false breakout, so my bearish idea here failed to deliver. So what's next with this pair? Still a mystery, and still it could be fake rally as we don't. Let me just show you. We didn't yet manage to break any of the important daily highs. So technically speaking. We are still moving down, so it's very tricky conditions with this instrument at the moment. Now I'll simply let it recreate something much more reliable than it has right now. And the other one was the New Zealand dollar, which by the way, if you missed this video from the previous week, you can find it in the YouTube channel or directly now on the right top corner of this video. You will find a direct link. I'll put it there. So what do we have on the New Zealand dollar? The plan is still. Still the same, buy the dips here. I believe we are going towards this zone, and we are approaching towards a very important area. As you can see, we have volumes on here and the swing lows—the low from the previous rally and the low from the bottom. So that becomes the very good zone to look for the buys, and I expect to see further continuation, which happens. To, to create the ABCD, uh, opportunity right now. The way I see that, we have 3 higher highs, higher lows, so this pullback with ABCD is simply fantastic. And from there, I would look to continue with the ongoing uptrend. So this opportunity, uh, we discussed in the last week is now finally creating the structure of the correction, the ABCD. We'll be looking for the opportunities as the ABCD completes. And now for today's opportunities. The first one is the dollar yen. So this one is very interesting. Why? Because from one side it did have a bearish divergence here, which by itself hints that there will be slowdown. Slowdown could be a range, slowdown could be correction. In this case, it happened to be a range. And the proof for that was that none of the daily lows managed to be broken. We didn't have a breakdown below this low. We never break down this low. And what happens after that is simply, as you can see, this range and consolidation breaks to the upside. The divergence is breaking. The RSI pattern is breaking through. So taking that into all the considerations, Let's put the levels of the current ongoing waves and we will see that we passed the 100 level and the 161. Look at that, all the way to 120, 121. There is also this previous swing high slightly above 118, closer to 119. So from my point of view, this become this— let me just mark it here with my pen. This becomes as a great, great, great, great possible target. And, uh, by saying that, going down to the 4-hour chart, we can see that we currently build here some overbought conditions, which means buy the pullbacks should be the plan here. And the way— the reason I love it is if we go to the 1-hour chart, we create here absolutely clear waves. Without any divergence ending on the moving averages, so buy the dips. It should be a fantastic opportunity for this pair heading towards the 118-119 zone first of all, and then if we cross, you saw where the expansion is all the way in between 120 to 121. So this is my bullish view on the dollar yen. Let me know what do you think about dollar yen? How do you see this one? Are you bullish there as well, or the vice versa. And also, I would like to ask your support in this channel. If you find these videos useful and helpful, uh, hit the like button please below the video. Drop some feedback in the comment section. 20 seconds of your time is a huge help to me, to my work and my channel. Feel free to share this video with anyone who you believe can have a benefit by watching that and can learn Something new technically. Now I want to cover the CAD franc, a pair that I've been following on one of my weekly forecasts. You all, again, you can find it on the YouTube channel or right now on the right top corner of this video with this exclamation mark there. I'll put a direct, direct link to this video where I was analyzing my bullish idea here. So after a consolidation back and forth, which created some very, very tricky waves. I even lost personally in my first attempt here. I was looking to buy here and I lost this opportunity, but it managed to continue the bullish momentum. And I think this is here to stay. I believe that we are heading towards these highs and eventually we should be breaking that and continuing to the next swing highs. So for me, this is a long-term buy. And taking a look on the daily chart, I simply love this breakout. I find it very convincing. Um, again, no divergences against nothing. It all comes after the— we had a downtrend here, then the flip, making higher highs, pullback. Massive volume is building here. So from my point of view, as long as this volume holds Pullbacks here, and we should see further continuation upside. Dropping down to the four-hour chart, as we can see, we bounce from the swing highs. So very likely to assume we're gonna retest the previous swing highs here, maybe even slightly lower on this area, and from there I would be looking for my next bullish opportunities. And bullish signs. What do you think about the CAD franc? Are you bullish already, or are you looking to join, or alternatively, are you bearish there? Let me know in the comment section below. And that would be pretty much it for this video. I hope you find these ideas interesting and useful. Let's see what the market would provide this week. I see some great technical things building up there. Uh, which again could provide some great opportunities. And keep in mind, on the last several weeks with all the war conditions, sanctions, speculations, manipulations, the market could be in some instruments less technical. It's absolutely normal. And if you find some tricky setups conditions, less technical conditions than you used to, it's absolutely normal. Market has different phases in the, in the way it develops. Don't think you are doing anything wrong. It's just some, um, some period that you need to go through until the next clear technical setups will build up and provide opportunities. Okay, so, um, very important to remember that because I know that in such situations a lot of traders are rushing into trades, always believing there is something to do, somewhere to trade, something, always something to look for, to chase the market, and not always the smartest idea, especially in such sensitive conditions on the market. So that's it for this video. Once again, I would like to wish peace and health, and I hope we are back soon to a more normal reality. Uh, and I invite you once again to join our trading family, Traders Academy Club. Enjoy our real-time trading education and real-time trading opportunities and ideas delivered to you with dedicated video per every single trading idea. Uh, and, um, enjoy our trading community. The link to join us is below the video in the description or the pinned comment. Thanks for your time. Happy weekend, good trading, and I'll see you soon with more. Bye for now.
