Welcome to this week’s Forex Weekly Forecast, traders! I’m Vladimir Ribakov from the Home Trader Club, and as always, a big thanks to our partners at Eight Cap for supporting our community. If you’re interested in accessing all the exclusive offers and projects we’ve built with Eight Cap, you’ll find the details in the description below the video.
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Now let’s dive into this week’s outlook on EURUSD, GBPUSD, Gold, and Bitcoin.
📉 EUR/USD Outlook
Last week we expected EURUSD to extend its move lower toward previous lows before any potential bounce. That scenario is playing out, and the structure remains technically important.
Weekly Chart:
The pair has been riding the upper Bollinger Band for over 20 candles – a rare situation. Historically, this has been followed by a significant retrace, often marking a turning point in trend. While the longer-term rally is not necessarily over, I do expect a corrective phase before any fresh push higher.
Daily Chart:
A double divergence appeared between the highs on price and the lower highs on MACD. This typically signals correction.
4H Chart:
On the 4H chart, the break of the trendline plus two downside waves suggest the start of either a zigzag (ABCD) or a triple wave.
If the price completes triple wave down first of all, then I expect it to be pretty much somewhere around these levels. Then, ideally complete some bullish divergence and make a bigger correction.
👉 Trading Plan:
As long as EURUSD holds below the recent highs, the plan is sell the rallies.
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Watch resistance zones: broken support turned resistance, and the last swing highs.
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Expect bearish pressure to persist until bullish divergence forms at lower levels.
📉 GBP/USD Outlook
GBPUSD also followed our last week’s expectations by breaking the trendline and entering a corrective structure.
Daily Chart:
We saw a triple wave with ending divergence, usually a sign of correction. This could unfold as either an ABCD structure or a range.
Current Picture:
Price broke below the trendline and the KTLI indicator shows we are under a heavy volume-based resistance zone.
On the 4H chart, two downside waves are in place, pointing to either further range development or continuation lower.
👉 Trading Plan:
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Look for rallies into resistance (1.3570–1.3600 zone, broken support now resistance).
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As long as these levels cap, sell opportunities remain valid.
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Watch for bullish divergence before considering deeper correction scenarios.
🥇 Gold Outlook
Gold continues to dominate headlines with record highs. It’s been on what I like to call “gold on steroids.”
Higher Timeframes:
On the monthly and weekly charts, Gold is trading in extreme overbought conditions with potential bearish divergences forming. But let’s remember: indicators only indicate — price dictates. Trend is still intact.
I say potential divergence because we don’t have a second peak yet here. That means we could see a second peak forming yet or a gold will break it. And there will be no divergence.
Both scenarios are absolutely doable. And that’s why I bring it up again. This is only an indication
Technical Scenarios:
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A second false breakouts around the highs could set the stage for reversal if followed by lower lows.
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Alternatively, Gold could complete a corrective zigzag (two waves down, two waves up) before continuation.
👉 Trading Plan:
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Trend remains bullish as long as higher highs and higher lows hold.
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Reversal setups will only be valid if the sequence breaks. Until then, patience is key.
₿ Bitcoin Outlook
Bitcoin remains in a corrective phase after showing clear divergences on higher timeframes.
Weekly & Daily Charts:
We see divergence between higher highs on price and lower highs on MACD, signaling correction pressure. The structure looks like an ABCD correction or possibly an extended range.
Shorter Timeframes:
Broken support now acts as resistance around the 113K–114K zone. Every rally into this area faces selling pressure.
👉 Trading Plan:
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Expect Bitcoin to remain under bearish correction pressure.
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Sell rallies until a clear bullish reversal structure appears.
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Long-term hype about Bitcoin breaking all-time highs may be premature; timing remains uncertain.
Pro Trading Tip
Every forecast above is paired with two scenarios. Why? Because great trading is not about being right — it’s about being ready. Let the market confirm the bias. Use your system, manage risk, and execute only when the structure and confirmation align.
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Wishing you a profitable week ahead!
Vladimir Ribakov
Internationally Certified Financial Technician
Home Trader Club
