EURUSD Forex Forecast (14 — 18 January 2013)

Dealing Center NordFX

EURUSD forex forecast for next week: 14 — 18 January 2013, based on the rules and graphical analysis of forex strategy forex website

Analyze the price movement of EURUSD over the last week:

1) The week closed a confident buying candles with absorption previous candle! There was a retreat from the line flag + black trend line long. This signal clearly indicates the priority for future purchases.

2) The candle also closed Friday candle purchase.

3) D1 formed divergence MACD, suggesting at least a possible pullback correction or the beginning, although, if desired, the market and can also break.

4) H4-D1 formed a bearish Wolfe Wave pattern, although the price can go quite yet in the suite of the wave-zone and make deals to sell, I would recommend not before hanging up the formation of the line of 1-3-5 on the daily chart, or a combination of the formation of topping for sale. Or at least a retest of the trend line.

As a conclusion it can be assumed that the downward correction of all the upward movement is possible, but for that to sell it, you must still wait for the signal to confirm its beginning, finding that we are going to do later in the forecast. And the rest, priority purchases is still there, so you should not sell just hoping to catch the top of the market, still easier to find points of entry into the market with the trend!

Options forex signals and resistance levels for the EURUSD, when the price moves above the close of the week:

1) Price went up to the trend line is green. This is by and large the target trend line and also may point 5 discussed above Wolfe Waves + level 138.2% Fibonacci of the entire movement discussed earlier in EURUSD forecast flag. Therefore hang down from this line is possible, at least within the correction. Still and moving up as well most likely. In this case, the breakdown of the top trend line and retest the top-down — it’s still a signal to continue the upward movement.

2) 138.2% Fibonacci brown (built with the latest corrective move down) — the level from which it is quite possible rebound, at least temporarily to retest the breached support line is green.

3) The upper limit of the background of blue channel (4th contact) + accumulation levels and Fibonacci extensions: 50% of the top-down, with a maximum of 4 May 2011 + extensions 161.8% + 161.8% of the flag of the last corrective move down after rebound that started up last week.

This is the most significant level at this point, and I guess that hang from it is most probable. Especially if Dever on MACD (D1) is still in force.

If the price bounces from this level, but far away or fight it, a daily close above these levels retest background + channel — the signal for further purchases.

4) Brown trend line — closing day care for them, hang down the most likely in the 1st approach.

5) level of 61.8% Fibonacci blue downward movement of the upper limit of + orange channel. This level is for sale!

And then look at how the price will behave at this level.

Variants of the resistance and signals forex EURUSD, located below the closing price of the week:

1) Gray trendline + orange line channels — quite likely hang up, as this third approach prices and retest of the trend line (which already took place on Friday). If the price does not go up or breaks this level down to retest + is bottom-up, we are considering selling the first order — red line channel. Break down the gray + a daily close below this line + retst its bottom-up — it is also a signal for the sales of Wolfe Waves. But be sure to wait until the closing date.

2) The red line channel — is available as hang up, as it will retest the channel of, and breakdown down + retest channel bottom-up — a signal for future sales.

3) The accumulation of 38.2% Fibonacci of the last upward movement on Thursday, Friday and only the upward movement with a minimum of 4 January 2013.

4) The same zone cluster Fibonacci + blue line rising channel (its retest) — at the approach above, consider buying. If the price strayed, but not left or break this level immediately or after a time, then retest of this trendline seen as a signal for future sales.

5) Fibonacci 61.8%

6) The lower limit of the red channel — a similar situation.

7) The blue line is the lower boundary of the channel and the background of blue channel — it’s quite an important level. retreat from it is quite possible, but I guess that’s only temporary. Break of the background channel + + daily close below its retest bottom-up — a signal for future sales.

8) Black long-term channel line — namely the closure of the day care, and preferably even weeks regarding it. The situation is similar — the approach above — release is possible. Break down, closing the day + retest of the bottom-up — on sale!

9) Orange Line also quite important, as it is the third approach prices and if it also coincides with the long black, it is an important signal in twins. So just as interested in the closure of the day on this line of the channel. The first approach to it — it is quite possible hang up, at least to retest the background of blue channel. Break down + closing of the day or week below the line + retest it — the signal for the sales!

That’s the whole forex forecast euro-dollar, based on the graphical analysis of forex rules …

Just do not forget to use the rules of money management forex in transactions. Independently analyze and graph to find the most important signals for transactions, according to the graphic strategies forex this site.

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