EURUSD Forex Forecast (19 — 23 November 2012)

Dealing Center NordFX

Forex forecast for EURUSD for next trading week — 19 — 23 November, 2012, based on the rules and graphical analysis of forex strategy forex graphics of this site

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Analyze closing the week on important price levels in the chart of EURUSD.

1) The week closed candles, more like a candle uncertainty (white small body and equivalent on both sides tails).

2) Closing received between an orange and blue background channel channel.

3) Identify important extrema prices, presumably breakdown which will signal to future price movements — is extremes of last week.

4) The candle closed Friday though and black candles, but still with a long tail up, presumably candles for shopping.

Now, let’s further define the most important priorities and resistance levels for the price, and therefore sell signals when the price moves up and down.

I personally think that all the same to close the week still present priority is to move prices up and it is possible that the down move on Friday — it was just a knock-out stops. But it is and I can not deny the possibility of downward movement!

As before, the main levels: the bottom line of the blue channel and the upper line of orange background channel. That breakdown and daily close above or below these levels give signals to buy or sell.

Important levels of resistance when moving up (above the closing price of the week):

Given that the last time on the chart the Euro-dollar no explicit trend and therefore formed a lot of trend lines and channels that are cluttering up the chart. But still try to highlight the most important ones.

1) Brown trend line — only consider options rebound if the market does not open a gap, and the best option for making sales — after the formation of sliding door stop candle down.

2) The blue line is the channel — this is the most important line, and despite the fact that the price has broken the line last week, and up and down, I think still a daily close above it — is the priority purchases, hang up and forming a reversal candle down — a priority sales.

3) The green line down the channel (also can work with a blue line if the price will approach her in Monday) hang down from the blue to D1 — priority sales. Breakdown, a daily close above these lines and desirable retest — a buy signal.

Also on this level there are still red Fibonacci level of 61.8, it can also Sigrun role in the rebound down.

4) Purple trend line — 4th touch channel may otboi down.

5) The purple trend line — quite possible hang down, as this will be the third touch prices. Just interested in the closure of at least H1-H4 candles on this line.

6) The accumulation of Fibonacci 38.2 dotted blue + purple.

7) Pink — not the main line, but still rebound and stop prices possible

8) The accumulation of Fibonacci 61.8% blue + purple dotted.

9) The top line is a long-term green channel (talking about her many times in the past EURUSD forex forecasts of this site) and she is interested in the daily and weekly interval.

10) Blue line correction channel

11) The black line channels — the same way: it is interested in the daily and weekly interval.

In general lines of resistance is much higher than the closing price of the week, but they can easily break a strong trend! So the most important thing for the transactions for the purchase — to wait for the breakdown of the blue and green lines, and then have to wait for how to behave in the price …

Options forex signals and resistance levels that are below the closing price of the week:

1) Bottom line lilac channel — is the third touch, if it happens, the fastest price breaks down the line, although it is possible to stop the price and even temporary otboi prices.

2) The upper limit of the orange channel — still in force at D1. That is to wait for the closing of the day on this line of the channel, to talk about the future prospects. Retest up — consider options for shopping, sample and retest of the bottom-up — consider options sales.

3) The dark blue line is the trend — it is the third approach to the price of the line, so hang up the chance to at least retest the orange channel, breakdown and a daily close below this line — sales.

4) The bottom line is the green channel

5) the level of 61.8% Fibonacci red

6) upper bound of the blue channel — written many times about this line in the past forex outlook for EURUSD.

At this point, it is all the forex forecast for the currency pair EURUSD.

Download a template for MetaTrader 4 for EURUSD — 18_11_2012_eurusd.tpl (in the archive. If the trend line does not coincide with the schedules of the forecast, then reformats them according to pictures in the forecast)

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