Forex Easy

hello traders good week and how art Dave Vladimir here and this is the weekly forecast review for the first week where's the facial week of trading afternoon from payrolls is over her 2017 so the trader is slowly returned from the holidays and we can feel that we can see that during the last week moves and the most interesting part is it's just the beginning so let's go over the trade and see what we can trade let's start with the major euro dollar which is certainly having a great opportunity for us and as I said on my annual forecast which I hope you already get a chance to so do you see we can already had a bottom and honest think this could already be a bottom which will turn to be a false break on at the same time we can go and further continue to below one before we turn around for massive bodies now all the weekly we do have a bullish divergence here so it could easily stir the move up on the daily chart we got this beautiful false break completed so what we do need here to make it very simple is to get above the last hot not that is isn't it so in that case what we can say there is a good chance we are now creating some kind of orange if we drop further to the 4-hour chart you can say we get false breaks on the bottom so it could be a big range and on the same time we got here false breaks in the bottom right which happened right on this place and we got one here so we can say this is what we basically deal with smaller range which got a new top on that place and it could go and still play in that very place make long story short if it is a range and the bottom holes and we don't get a close on the wiki chart below we can try buys right how do we try buys here we basically need to get to waves down and then we will want to go and to try the break of the trend line this is our first opportunity the second one is according to the same daily chart i have been talking before for that it's pretty far but we will need to get above this high retrace down and then be dealing with the pies so that's in case we are looking for bison this bottom does hold does hold on the day in the week teacher that's what should provide us the opportunity to buy the bottles based on the for amateur to waste download break and we can buy if we go lower and we continue to go further what would be looking to do is that around the parity maybe maybe even slightly lower but the lower ring go the stronger the x would be now the latest of the latest report from non-farm payrolls show us what shows us what that the job market is still stable on the US and basically the dollar is strong accordingly as well the numbers are not too good and generally talking the dollar is too strong versus the majors which will lead for correction biggest question are we ready for this correction for that we will probably get the answer later this month so that for the euro dollar and two possibilities we have town dollars same story take a look we got monthly chart here dub psychos finished with divergence finishing weekly triple cycle and daily double cycle all ending on the same place we are in a very good place looking for bias and however we did not get get even one false breaks yet which means we can still get it a bit lower and that's doable but as long as we do respect bottoms I would because we have diverges everywhere I would be dealing only with possible lungs and the way to do that is to find false breaks like we happen before our chart right here okay and to get these kind of conditions get two waves Corrections only if we get to with Corrections then by the breakdowns that's the only thing we can go and do and if it breaks below the last bottle and continues further let it go do not try to make some here calls and try to catch the move because later or sooner that will bottom and make the false break and we better be there on the long side when it happens that's of course only my point of view but like when when we deal with against divergences a better place safe that's with the pound now crossing between the Europe and you know my viewers have not won something in your forecast also I believe we are going for a move down the only thing here that we got to wait sorry we got kind of special cycle down move here with divergence which means we can get this before we are breaking lower that's matter how we turn it around i still prefer only four cells and there are two ways the cells could happen now we did have correction on these two waves and these two waves and a small move these two ways as well so we might be looking over the four cells and that could happen is one the conservative one the break of the trend line two is on the one hour chart look for this fall's break to happen which is does right now currently right and then we will want to get it going below the last low to gain the momentum retracing into waves which should be broken after that and then we can go for sales if the rather continues we are going for second bigger way leg of correction this one and then we go to hear or the 100 duplication maybe even all the way to 160 18 that's the higher we go the stronger the cell would be right after that keep an eye on this pair really interesting one now I want to talk about one more very interesting pound pair that's pound versus the Canadian double cycle is over when there was a false break as well which provides us some very nice opportunity we did not have any convergences yet on the chart but we already have a great opportunity on the 4-hour chart and a danger basically so we after the falls-burg did complete we are getting a correction with this correction could be a triple cycle correction if we take a look on that oh what did I do that's the lines again one two and now we r & 3 okay very very interesting in for sure and that also takes us to the journey of the 160 18 expansion once we reach this area we can start to look for the pie opportunities so once we do complete here some movement we are going to look for that to happen and all all that is relevant is long as this bottom holes because if this bottom will not hold we can expect it to go further lower for new lows so we play that safe how do we play that safe with leather for our chart complete itself create a divergence we want to say and then with the breakouts will be looking to buy expecting what expecting one more wave to go to the upside and that should provide us some really good risk/reward but as I said if we do continue further lower we let it go as we never want to force things to happen right and if it does go over let it go until probably somewhere like leg of February maybe the beginning of merge because then with the brevity officially to start moving further in the negotiations that could be the period of them pounds so keep the thing I that could be great opportunity it's not there yet but we definitely want to watch that for a trade pound all the same story double wave divergence false break completed here looking great for our chart we gather cycle to the day doesn't matter get this cycle to the upside now we are in correction correction could lead us in the range we are currently in the range as you can see right here we can continue to play here or get us two waves down correction to this place somewhere before we are buying if we are already and a by zone we will want to get it above the last highs let as this kind of movement correction in to break out and we will be looking for pies here again to the last stop and if it does get the second leg down we would be looking for buyers right from there when we will complete the collection and divergence we will be waiting and measuring that corrective cycle of course and it could happen anywhere else to here to here to here all these levels are valid we will need divergences there of course to start looking for now let's go to the other majors Aussie dollar kiwi dollar i start with the Aussie dollar and you know my bullish us that not once as long as this bottom holds for me it's only buys dropping down to daily chart we got two waves down-cycle right and if we take a look on the 4-hour chart we did have this false break happen on this place right and then that's the convergence idea that is happening right now so what we want to get to a correction and try to buy basically 12 correction and from this place we would be looking for false breaks higher highs correction and buys as long as the bottom hold we could get here a bullish hidden divergence as well which should be very helpful for us to look for this by scenario and that could happen anywhere in between Oh 7260 down to 0 72 that should be very nice by opportunity as I said as long as the last button holes because if it's broken there is a good chance we will get the correction a bit further maybe even triple cycle or something like that down 207 that's also possibility to keep an eye on him a possibility New Zealand dollar theoretically according to them weekly monthly cycle still should could continue further down there was this divergence providing us the previous rally but as we can see the relic currently kind of blocked by this trend line okay so for this pair for example I myself would prefer the correction to be at bit deeper by ideal it could get us down to here that's all 67 approximately and that could be the double cycle and here the idea of these cycles as well we can get some great magnet area here that's also a 78 and here the 70 60 70 68 of 67 we should get divergences they're completed if we can get these levels we would be looking definitely for possible bias because it would be the triple cycle from the weekly ending on the fifty percent correction as you can see that's right here ok this is the zone and maybe even bit further but we're from were very likely to deal with byes again next on the list is dollar yen which still has nothing clear for us I still think we can and we expect it to get us towards 120 or higher to complete this kind of movement before we drop lower so for me it is yet by dibs that could be versus this button will forget the correction or if we get second leg down we're going to look for Vice read after them and that's all European same story the higher we go the better the cell I still want to get one more push further ideally towards 125 127 zone should be really nice opportunity currently still in this range break above should late for the rally and as long as it does hold there could be a chance that this situation here would make make this stop and start the connection further but I as I said I wanted to get it higher and currently this is what I expect to happen this special cycle to complete with one more high which after we can go and deal with cells with this divergence to develop and that's everywhere all the en pairs pound en same story I expect one more push Kurdistan here I expect to complete this cycle as well and I do believe we are going further especially if you take a look on this and any cycle of the for the weekly time frame we are going to the 50 that's around 90 91 that's what I would expect it to make a top and that's where I would be looking to trade it from until then still still buys up more potential dollar cad you know my bearish view here friends nothing is really new but because we didn't have fall break we might get that it falls back as well that could be arranged and that's very very very possible scenario which means that could be shorter bottle for the pair and if we draw 2 4-hour chart take a look where do we have our movement it was a range right the 160 18 is right there so if we can't get this one more push lower to this area with the divergence we would be looking for buys which could provide great risk reward by the middle of the range even higher again that have to keep an eye on despair looks good cad Frank my view was and remain only buys we got a beautiful drop here and correction every correction in two waves is by I'm not going to repeat that that's that was suggested many times for the last period let's see what else okay all the key we also i keep my bullish view now we want to get this fall back complete the breakup of this high if we get it correction and we can go deep into buys here that's my view confirmed by this break of course first of all gold and silver they look like a potential start and yet I want to see higher highs first we did not have it so do not rush to push the buy button just yet okay we can still get low be careful very important all right some crosses like the Euro Kiwi not really clear to me I still believe every drop down is a buy so i am bullish moon not quite sure how exactly i would do say this is a range and has locked it hold every drop closer we try the bias for second push up towards last highs around 155 at least at least after that if the Bulls are here we can continue much further and it all starts by the way from the weekly chart because of a weekly chart what do we have we have these crippled cycle with the divergence right and we get this fall break here so it looks good and the daily cycle also get 60 18 with a false berry by themselves and then convergence idea now we are in the range dancing here so that's why I say every small drop should be AB opportunity for second leg up not a classical one but definitely correct one by the way if we take a look on the statistical part that was the Euro Kiwi right and we are looking for the bottles take a look at the beginning of the month third 26 right entire way here is great for the bottom so this correction could be perfect to hold it as a button that's for the euro QE and by the way I I don't pay too much attention for the statistical as the market was on holidays mood so we need to let it kind of refresh itself and gain some momentum so we can rely on that in the cells steal nothing too special the only thing here to pay attention to is that we got a new high which could turn to be the false break we wanted to see and if it does right we need to get a close here we get the clothes from this top right for that we will need to go below this low right on the small view here we can get opportunity this was the last move right that could be our fault break and for that we can try more aggressive if you break below this bottom right this is the last button here we can go to hear two waves and with the breakout try the self definitely scenario to keep an eye on right so give it a minus SP but that's basically the same idea for them all while the dow jones already had a false break before here so we are now been looking for this false break then this momentum will change to hear damn correction yeah crush oil dancing steel in conifer and i still prefer to get it corrected and then my view we're only after by tips so i want to get deep first to look for further by currently we don't have set up so i'm going to waste the time on this one with further explanation we will have it during that day forecast updates once we have that relevant so that's basically all guys that's the main important opportunities then the ear just starts so patience is very required with we need to get the good setups we need to wait sometimes for the setups to happen clearly okay we have you put on the list for the weekly and we will update them further on a daily forecasts as things happen that's all for now thanks for your time for reading and I'll see you with the daily forecasts from Tuesday thanks for your time yours love you live more videos