EURUSD Forex Forecast (20-24 August 2012)

EURUSD forex forecast for the next week: 20 — 24 August 2012

Recommend to forecast choose Forex Broker with MetaTrader 4

Analysis of the closing last week, concerning the important price levels for the currency pair EUR-USD:

1) For a week the price is almost gone and will not prevail Flete, fluctuation range of weekly total of about 130 points for a 4-digit broker …

2) The week closed white combination, but with a little tail on both sides.

5) Friday closed though candles with a black body, but still with a large tail at the bottom.

4) How do I find certainty in the market and there is no traffic can go on either side, but considering the price still trading above the background channel, would give more priority to the purchase transaction.

It will be probably very short forex trading forecast for the next week, but given that the price is not going anywhere, then write about the same levels of resistance rates makes little sense …

Given the fact that the market for the euro-dollar is the 2nd week of Flete, then the graph H1-H4 formed figure resembling a symmetrical triangle. Therefore to continue the trend in one direction, it is better to wait for the breakdown of the triangle!

Consider options for EURUSD forex signals when driving prices up, above the closing price of the week:

1) Break the upper line of the triangle + retest it is, if it — buy signal.

2) The dotted blue channel, the upper line. Do not define this level as a key, but the line is possible to temporarily retreat to retest the triangle down. Break it up and retest — confirmation to continue the upward movement.

3) Census maximum Aug. 6 + 61.8% Fibonacci of June 29, with a maximum upper limit of + blue channel. The approach to this level from the bottom-up — most likely hang down. But if after all the price breaks the channel up and going to retest the top-down — a signal to buy, although the nearest resistance level — 38.2% Fibonacci retracement of the dotted green.

4) 38.2% Fibonacci green dotted Fibonacci.

5) The upper limit of brown + channel retest channel and purple and maybe blue + long-term channel line. When approaching this level of resistance from below — consider the sell signals.

Next do not see the signals, as they are described in detail in previous forex forecasts for euro-dollar.

Options signals on the Euro-dollar to move prices down below the close of the week:

1) Break down the brown line of the channel + may retest its bottom-up — a sell signal!

2) The bottom line is dotted blue channel — not the key signal, but still possible retreat from that line to retest brown channel upwards. This breakdown of the channel down and retest the bottom-up — a signal to confirm the move lower.

3) Bottom line lilac + channel congestion Fibonacci 61.8 + 50% — top approach — can hang up, breaking down and retest the bottom-up — a signal to keep going down!

4) The level of 61.8% Fibonacci of the upward movement of the latter with a minimum of 24 July 2012 + lower bound purple downlink + possibly another retest background blue channel. If 3 of these signals converge at one point, it is a buy signal. But if the price after lights up or without breaks these levels, then retest 2 considered channels may give the signal to keep going down.

5) The green channel and its long-term bottom line + census of the entire up move with a minimum of 24 July 2012 is possible rebound upward. Break down the line and closing the day below this line — consider options for downward movement.

Next also will not consider signals and resistance levels, as they are treated in great detail in the past forex forecasts on this site EURUSD.

download the template for this MT4 forex forecast for EURUSD — 18_08_2012_eurusd.tpl (template is first necessary to extract and place in MT4: If you «get off» the trend line, reformats them according to pictures in the forecast)

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