EURUSD Forex Forecast (13-17 August 2012)

Instaforex

Dear traders, I offer you my Forex EURUSD forecast for next week: 13 — August 17, 2012

I recommend to choose a Forex Broker forecast with MetaTrader 4

Policy brief closure last week, about important price levels in Euro-Dollar:

1) the previous trading week closed the black candle with small tails above and below the candlestick body

2) Black candle body has absorbed the previous week’s white body candle

3) Weekly and 2, the last day candle closed above the background of blue channel, ie, retest for purchase.

Based on these observations, we can assume that there is still the priority purchases, but the chances of selling the same can not be canceled!

Given the fact that the price has not moved above and below the brown canal last week closed above the blue background channel, forex forecast for this week will be reduced, since the basic levels remain the same in effect. In the forex forecast only add corrected or signals within the brown — purple channel.

As always, consider the options are important resistance levels for prices that can provide signals for buying and selling.

Options Forex Signals ABOVE closing price of the week:

First of all, it should be noted that last week the price strayed down from the 61.8% level of Fibonacci blue, with a maximum of 29 June 2012 + yet we have to hang up the blue channel, although the price does not go up until …

1) Grey channel the movement of the past week. Break it up + it is desirable to retest the top-down — a signal to buy. Reject down — move to retest the background of blue channel or temporary retreat.

2) Dark Blue channel (its upper bound) + This level will be possible to census highs last week — a bottom-up approach — considering options for selling in the presence of confirming signals. The breakdown of this channel and retest the top-down — to the level of purchases 38.2% Fibonacci (green dashed).

3) + Fibonacci green dotted maybe it will be the upper limit of the channel lilac consider options sales. Since this is a fairly serious level

4) The upper brown line channels + possible expansion of 161.8% from the last corrective movement

5) The background pink channel and higher levels of resistance did not describe, as they looked in the past forex forecast

Options transactions in buying and selling below the closing price of the week:

1) Still retest blue background channel is still possible, but above all for the transactions for the purchase of interests is closing sliding door stop candles at intervals H1-H4 above it if the price does not go above or below the candle closes the channel line — you need to close the transaction if someone they are still open. Or not to open new business.

If the day closes within this channel and the retest is a bottom-up channel, we can consider the options and sales, but given that there are still below the major resistance levels for the price, I would consider the sale is below the brown line of the channel, or purple, below the .

2) Brown the lower channel line — we buy, if there are additional signals, such as Fibonacci levels Fibonacci extension of lines or retest purple or gray channel.

Break down the brown line channels + retest it from the bottom up — considering options for selling.

3) Purple Line Channel (1st and 2nd) bottom — minimums are held on the motion of the brown channel. They are possible otboi up again on to the moment, until the price rises above the brown channel, I would not consider options for shopping. Also note the level of 61.8% Fibonacci (if the price goes down very sharply) and coincide with those trend lines.

If the Fibonacci sequence to coincide with the lower purple line feed, then you can buy.

The breakdown of these same 2 lines down and bottom-up retest — consider options for sales.

The following options transactions do not consider, as they are described in detail in the past forex forecasting and prediction in the video!

Download a template for MT4 to this forex forecast for EURUSD — 12_08_2012_eurusd.tpl (MT4 template is first necessary to unzip it and put in the trading platform: If you get off the trend line, according to tinker with their images in this forecast)

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