Weekly Forex Forecast 13 To 18 October 2019 - By Vladimir Ribakov

Weekly Forex Forecast 13 To 18 October 2019 By Vladimir Ribakov
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My weekly forecast analysis is based on my trading techniques such as trading cycles, divergences, Fibonacci levels both expansion and retracement. For divergence trading I use the MACD indicator.

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► This Weekly Forex Forecast & Analysis suggests these trading opportunities:

● FOREX ●

USDJPY –
On the weekly chart we are under bullish pressure after the double cycle and the bullish divergence. Daily time frame develops two waves correction and that’s what the price currently develops. Our idea – bullish towards the zone of 109-110 or until bearish divergence will develop on Daily chart.
EURGBP –
According to the weekly and monthly cycles – we are in the bearish direction. Weekly had a bearish divergence for us, and the idea we had was to sell rallies around the 0.90 zone, zone where a lot of stop losses were located. If there won’t be dramatic changes from Brexit discussions, the bearish pressure is expected to continue.
GBPNZD -
Another interesting pair that provided us a bullish view previous trading week, and we were looking to buy from 100% Fibonacci expansion level. The price rallies fast breaking above the falling trend line. If there won’t be dramatic changes from Brexit discussions, the bullish pressure is expected to continue. Weekly time frame is a bullish trend, Daily time frame develops another leg in the bullish trend.
EURNZD -
The bullish trend maintains and currently the pair is developing a triangle pattern on the Daily time frame. Breakout above it should offer nice buy opportunities to ride the bullish trend.
NZDUSD -
The pair developed the bullish structure we were expecting, 3 HH and 3 HL, and now we are looking to buy retraces. Invalidation to the bullish view is a straight break below 61.8 Fibonacci retrace level.
NZDCAD -
The pair delivered us the buy opportunity from previous week and now has bearish divergences on both 4H and Daily time frames. We are going neutral on this one
AUDUSD –
As expected, the pair delivered us two waves, ABCD correction upside and we made a very good profit on this rally! Now we are facing bearish divergence on the 4H time frame and good place and time to cash out some profits.
EURCHF –
The pair is developing two waves or ABCD correction after the triple bearish cycle it had. We expect it to keep moving towards the 38.2 – 50% Fibonacci retracement zone of the daily cycle, and our view is bullish, looking for buy setups.
AUDNZD –
The pair has a bullish hidden divergence on the Daily time frame, and we expect to see on the 4H time frame another leg down which we will look to buy at the end of it, with the bullish divergence to form. Or a break above the falling trend line on 4H and creation of 3 HH and HL structure on the 4H time frame

● COMMODITIES ●

NATURAL GAS –
Our bullish view remains active, and we expect the NatGas to keep moving upside.
GOLD –
Our bearish view is active yet. The pair is moving in a bearish structure, developing a bearish channel. We expect the Gold to keep moving lower and to prove sell opportunities during the coming weeks.


● INDICES●

DAX –
The sell idea we’ve had on Dax failed with the straight rally it had on the last days. Right now the price action here isn’t clear and I move neutral on the DAX

● CRYPTO CURRENCIES●
N|A

● STOCKS ●
N|A


Thanks for watching and successful trading week!

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