Forex Weekly Forecast Text Format November 17th to November 22nd 2019

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Forex Weekly Forecast Text Format November 17th to November 22nd 2019

Hi Traders! Forex Weekly Forecast Text Format November 17th to November 22nd 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:

EURUSD

In this pair the weekly chart is still under bullish pressure with the triple descending cycle and the bullish divergence which is in play, I would now expect corrective cycle to happen in the of two waves or a range.

The first scenario here would be, on the daily chart the price has created higher highs, higher lows, it is respecting the supportive area creating a bullish hidden divergence, we also have a beautiful engulfing candle pattern and I would expect the price to continue higher.

On the H4 chart mainly I wanted to see one more high which would create higher highs, higher lows pattern, this should be enough to open the doors for the continuation.

The invalidation for this would be the most recent low shown in the screenshot above (marked in red line) if the price breaks below this then that would be completely against the synchronization of the cycle and the divergence, we then have to reanalyze. Till then the pressure is yet bullish and I expect further continuation.

The price is building a suspicious structure of lower highs, lower lows and if the price creates some kind of two waves and breaks below the most recent uptrend line as shown in the screenshot above then it would be a very suspicious sign.

 

EURNZD

In this pair on the daily chart I expect some little continuation down until we create some sort of divergence or at least I expect the price to come closer to the bottom of the range and then we may start looking for the buys with bullish evidences (candle stick patterns, false breaks, trend line breakout etc…).

Until then we might potentially see another push lower with divergence to form and then we may look for possible buys.

 

 

EURCAD

In this pair on the weekly chart we have a triple descending cycle with bullish divergence and I expect a corrective cycle to happen now.

The daily chart fits in nicely with the creation of higher highs, higher lows pattern (currently we have two higher highs, higher lows within the corrective pattern, also the last divergence is bullish and currently the lack of divergence here makes me have a bullish view.

On the H4 chart the price has broke above the falling trend line and the price has gained higher highs, higher lows pattern so my plan here is to buy retraces with bullish evidences (candle stick patterns, false breaks, trend line breakout etc…). If the price breaks below the rising trend line shown in the screenshot below then this bullish view will be invalidated.

 

 

GBPCAD

On the daily chart we have a possible special cycle with a massive clearance zone next to 1.71, 1.72 zones, we also have a bearish divergence which is developing at the moment.

The H4 chart is slowing down massively and is creating some sort of triangle pattern (we also see how seriously it is slowing down with the wedge pattern inside it).

The closer we get to the important resistance zone shown in the screenshot below I would be looking for reversals. The best way here would be to get the false breakouts, lower lows and then we may look to sell the rallies with bearish evidences (candle stick patterns, false breaks, trend line breakout etc…). Or alternatively we may look for three lower highs, lower lows pattern and then we may look to sell the rallies with bearish evidences (candle stick patterns, false breaks, trend line breakout etc…).

Based on the Forex Crystal Ball statistics we can see that we are heading towards an important zone of 19th, 22nd, 24th and 25th. This week and the next one are very powerful ones for the tops and we might face possible retraces from the area shown in the screenshot below.

 

 

GBPCHF

In this pair we have a bearish hidden divergence on the weekly chart but we have lack of confirmation from the daily as we didn’t have ending divergence. So the way I see this the price should try and spike one more time for potential clearance (possible return to the bank area). So I believe we are going to see one more spike and when it completes the divergence we may then start looking for sells with more bearish evidences (candle stick patterns, false breaks, trend line breakout etc…).

The way to work with this is to draw the falling trend line as shown in the screenshot below, we want to see the price breaking through with bullish momentum by creating the higher highs, higher lows pattern.

The H1 chart is currently developing a bullish structure without any significant problems so once the price completes the structure of three higher highs, higher lows we can then look for retraces and buys with more bullish evidences (candle stick patterns, false breaks, trend line breakout etc…).

 

 

AUDUSD

In this pair my personal view remains the same that is to look for the buys. The idea here is very simple, we have higher highs, higher lows pattern we may look for retraces and then trend continuation to the upside.

On the weekly chart we are expecting a corrective cycle to come in play.

The one concern we have here is the level of 61.8% fibonacci retracement zone at 0.67695, so far the price is holding this level but if we continue lower from here then its game over for the bulls.

There are two possible scenarios here, the first one is we may expect the price to come back to the area shown in the screenshot below with a bullish divergence to form, move higher and break above the most recent downtrend line, we may then expect continuation higher.

Or alternatively the second scenario would be we may look for three higher highs, higher lows pattern with the break above the downtrend line and then we may look to buy retraces with bullish evidences (candle stick patterns, false breaks, trend line breakout etc…)..

 

 

AUDNZD

In this pair we have a bearish divergence on the weekly and daily chart. We also have a triple cycle in play on the daily chart so basically we are now into the corrective cycle so my plan here is to sell the rallies with bearish evidences (candle stick patterns, false breaks, trend line breakout etc…).

There are no divergences against on the daily and H4 chart, so in this pair my view is bearish at least for the short term and we may look to sell the rallies with bearish evidences (candle stick patterns, false breaks, trend line breakout etc…).

 

 

NZDUSD

On the daily chart we had three higher highs, higher lows pattern then we got the correction with bullish hidden divergence and I believe this is developing the next leg. Until the daily doesn’t change its pattern (that is creating bearish divergence and lower lows) my view remains bullish here.

We might see the price developing the leg as shown in the screenshot below.

Or alternatively the price might move inside a range. This or the other way around my view remains bullish here.

The ideal scenario here would be if the price creates another high on the H4 chart which would form a bullish pattern of three higher highs, higher lows, if that happens then it would be a good confirmation for us.

If the price moves lower and breaks below the uptrend line shown in the screenshot then this bullish view will be invalidated.

 

 

NZDCAD

In this pair on the weekly chart we have a triple cycle with a bullish divergence on the MACD Moving Averages indicator.

On the daily chart the price has created higher highs, higher lows pattern and I believe buy retraces with bullish evidences (candle stick patterns, false breaks, trend line breakout etc…) would be the correct plan here.

The invalidation for this scenario would be the breakout of the rising trend line shown in the screenshot below.

 

 

USDCHF

On the daily chart the price has created a bullish pattern of three higher highs, higher lows followed by a ranging correction, so I think we should see one more low with bullish divergence to form and from the zone shown in the screenshot, we may then look for buys with bullish evidences (candle stick patterns, false breaks, trend line breakout etc…).

On the H4 chart we may expect the price to create one more low with bullish divergence to form and then if the price breaks above the downtrend line shown in the screenshot we may start looking for buys with more bullish evidences (candle stick patterns, false breaks, trend line breakout etc…).

Based on the Forex Crystal Ball statistics we have two important days, as you can see the end of the month is a powerful period. So if we get it there, then it would be a very good potential opportunity for the buys.

 

 

Gold

In Gold I expect further continuation down, we got the correction and I would want the second leg to develop, break below the most recent uptrend line and then we may expect possible push lower.

So my view here is bearish and I expect further continuation lower. Sell the rallies with bearish evidences (candle stick patterns, false breaks, trend line breakout etc…) would be the plan here.

 

 

NASDAQ

On the daily chart the price has developed 20 candles ride on the Bollinger Band, we also have massive tops, bearish divergence and classical slow down.

Mainly we have the potential divergence from the Monthly, Weekly and H4 (we also have lot of false breaks on the H4). What I want to see here is the breakout of the uptrend line shown in the screenshot below, create lower lows and then we may look to sell the rallies with bearish evidences (candle stick patterns, false breaks, trend line breakout etc…) .

Or alternatively we may look for three lower lows, lower highs pattern and then we may look to sell the rallies with bearish evidences (candle stick patterns, false breaks, trend line breakout etc…) .

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Yours for your success,

Vladimir Ribakov

 

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Benjamin
Benjamin
10 months ago

Thank you so much Vlad. This is really really helpful

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Vladimir Ribakov
Vladimir Ribakov
Reply to  Benjamin
10 months ago

Thanks Benjamin

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Jude
Jude
10 months ago

Well done Vlad and team. Thank you

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Vladimir Ribakov
Vladimir Ribakov
Reply to  Jude
10 months ago

Thanks Jude, we are glad to help

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