Forex Weekly Forecast Text Format July 7th To July 12th 2019

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Forex Weekly Forecast Text Format July 7th

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Hi Traders! Forex Weekly Forecast Text Format July 7th To July 12th 2019 is here. My team and I always continue to work very hard for you and your success and as we do every week, we have prepared two great gifts for you!

Forex Weekly Forecast Video:

And here is the text format of the Forex Weekly Forecast prepared for you specially by my team.

EURGBP

EURGBP H4:

In this pair our idea from previous week was to look for possible sells from the critical zone around 0.90 – 0.91 with bearish evidences. We don’t have the structure of lower lows, lower highs yet, we also didn’t get trend line breakout yet. However we do have some kind of convergence idea on the small zone shown in the screenshot.

EURGBP D1:

The zone (0.90 – 0.91) from the daily chart is yet critical, the price might spike and play around it but I do expect the price to start and provide us correction to the downside.

Again we would want to see some longer movement and some impulsive move to the downside for the continuation. Currently it looks like this pair is under bearish structure, we also have the bearish hidden divergence on the weekly timeframe, the MACD slows down, the candle is yet bullish. So be very careful with this one, we want to have clear signs and if you get yourself involved before we get official trend line breakout and swing low creating to the downside (lower highs, lower lows) be careful and keep lower risk. This is the bottom line in such conditions.

GBPAUD

GBPAUD D1:

In this pair we were expecting sort of a retrace in the 61.8 expansion level, we are there right now so basically we may expect some sort of retrace here which further on might provide us the sells. Short term rallies are more than welcome but I do think we would have this pair moving lower. So sell the rallies was and remains the plan here.

USDCAD

USDCAD D1:

In this pair our plan from previous week was to look for a cash out as we we were getting closer to the 1.30 zone. We got the cash out zone (we enjoyed several hundred pips profits with this trade) we got very close to the 1.30 and this pair cleans several clearances area, also it is developing continuing divergence on the double wave.

USDCAD H4:

This is also confirmed by the H4 chart rounding conditions with the divergence.

USDCAD D1:

So personally I think that we are now facing some zone where we could be looking for retraces to the upside. It is very likely to be short term but I believe this is the place to start looking for the buys with bullish evidences.

USDCAD H4:

These buys could happen from the current zone or the price might spike through another low and the rallies. But I think based on the price action the smart thing to do right now is to look for bullish setups from around the area of 1.30.

Also if we take a look at the Crystal Ball statistics we can see that we have several powerful levels surrounding the 1.30 and we have classical days on 7th, 9th and 11th (strong range of bullish pressure). This is why in my POV this pair is around the area where we should be having some kind of bullish corrections.

EURAUD

EURAUD D1:

In this opportunity we enjoyed great sells for couple of weeks. According to the weekly we still see the price going down and this plan doesn’t change here. Right now we are also facing a bearish convergence idea so sell the rallies with bearish evidences would still be our plan according to the long term journey.

AUDUSD

In this pair our plan from previous week was to look for retraces and buys, we got the retrace and the buys. Currently we are facing a bearish divergence on the H4 chart which also comes in the daily as well, we have two timeframes bearish divergence which is a careful sign. The weekly divergence is still bullish and the daily is bearish so in such cases we have to wait for clearer signs.

Clearer signs could be two waves, breakout of the most recent trend line and then possible continuation upside.

Or alternatively we may look for a range, then breakout and continuation.

As long as none of these scenarios happens we should be waiting for clear buy setups.

 

 

AUDCHF

AUDCHF W1:

In this pair on the weekly chart we have a triple or double cycle and we have a bullish divergence in play.

AUDCHF D1:

The daily chart confirmed that the last leg from the weekly timeframe to be a cycle by itself, we also have beautiful divergence and the break of the downtrend line. These are good signs and in addition to this we are also facing a band to band movement. We may now expect retraces and further buy continuation.

AUDCHF H4:

So in my POV buy retraces with bullish evidences would be a good plan here.

 

AUDNZD

AUDNZD MN:

On the monthly chart we have a special cycle with a ranging correction and the price is at the bottom of the range, so we may look for buy opportunities.

AUDNZD W1:

Weekly timeframe provided the two waves and the first rally and then we got opposite signs so we were waiting for the daily to provide good signs.

AUDNZD D1:

On the daily chart we have two waves correction and the price has broken above the most recent downtrend line. So basically we are in a position to start and look for buy setups.

AUDNZD H4:

On the H4 chart we got the trend line breakouts and slow down. We can also see the price attempting to create three higher highs in terms of swing points, so in my POV retraces and buys with bullish evidences is the plan until the invalidation level shown in the screenshot holds.

 

CADCHF

CADCHF MN:

According to the long term cycle my view is bullish and I would expect the price to move as shown in the screenshot.

CADCHF W1:

According to the weekly structure the only place where it still goes with is the false breakout and the most recent trend line breakout. The big trend line is not yet broken we then got two waves to the upside with bearish divergence so we were expecting retrace.

CADCHF D1:

Now the retrace comes into play in the daily timeframe making the two waves, false breakout, higher highs and structuring upside.

 

CADCHF H4:

So in my POV this pair might be going up, retraces and then we may look for buy opportunities with bullish evidences.

 

AUDJPY

AUDJPY W1:

On the weekly chart we had a first move down cycle followed by two waves correction, and then another push. The one time spike here is very tricky and makes the whole setup kind of aggressive.

AUDJPY MN:

The monthly also falls into the category of bullish divergence.

AUDJPY D1:

On the daily we have two waves to the downside, bullish divergence with a false breakout followed by trend line breakout and climbing the highs. This is the place where I would start looking for the buys.

So in my POV any retraces with bullish setups is for the buys until the invalidation level holds.

Note: Do not attack without any clear setups (clear setups could be two waves and a breakout or a range and a breakout).

Gold

In Gold we were after buys, retraces and rallies (in ideal 1460 – 1480). We got the retrace and the rally but this rally never managed to break through the barrier it has around the 1440. Personally I still think we are heading to the upside, we might get deeper two waves or some sort of range movement but I would still be looking for dips and further rallies.

In my POV as long as the trend line shown in the screenshot holds I don’t think the bears should be strong, retraces and buys with bullish evidences remains the plan.

Coffee

For those of you whole followed my idea with Coffee for the long term, that is with the break of the massive trend line and the creation of the higher highs. We enjoyed the rally so far but now we see some sort of signs against, divergence is building up and this is a good place for cash out or atleast move stop losses to entry in order to avoid any possible retrace against us.

Ripple

XRPUSD D1:

The daily has for us a beautiful structure of rallies and currently we are facing the move down to the bottom of the consolidation shown in the screenshot. The price has created a bullish hidden divergence pattern for us.

XRPUSD H4:

On the H4 chart we have a bullish divergence, we are facing higher highs and the most recent trend line breakout. So as long as the invalidation level holds we may expect the Ripple to provide us some buy opportunities.

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I wish you a wonderful trading week

 

Yours for your success,

Vladimir Ribakov

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Kayden

You are doing a great job, keep up 🙂

Adam
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Adam

Thank you Vlad for these forecast part, really been helpful to me