EURUSD Forex Forecast (3 — 7 December 2012)

Dealing Center NordFX

EURUSD forex forecast for next week — 3-7 December 2012, based on the rules of graphic analysis, graphic patterns and strategies forex this site

Analyze a month, a week, on Friday, on important price levels (trend lines and channels) in the chart of EUR-USD.

1) First of all, we should note that on Friday closed the month of November, 2012, he closed a confident spark buying:

2) The week also closed a white candle with a long tail bottom, but still below the long-term trend line blue + almost on the top line of the long-term green channel.

3) Friday closed though white combination, but still with a small body and a long tail below the top, presumably candles are more likely to sell. And on the day we got the rebound range of the green line of the channel bottom.

Based on the above described, with the priority to buy at W1 interval still possible move down to D1, so consider options price movement in two directions!

Options for price resistance levels, located above the closing price of the week:

1) The most important line in this moment — long green line channel. Price on Friday shut down the lights out candles, hence the downward movement may well continue and if the price is just the thing to the bottom of the line and formed a reversal candle below (preferably at H4), then we consider the options for selling. Particularly interested in the closure of the day on this line and the best of the week!

Just do not forget that the H4 — divergence of MACD.

Break it up and retest at D1 — a signal for further purchases.

2) The red trend line — from her retreat able to finish shopping, and the breakdown of its retest + dditional signal such an important Fibonacci level — consider options sales.

3) Gray trend line constructed on last week — quite possible hang down, as it is the third touch prices. Also at this same level is a dark blue long-term trend line. Relative to it we are interested in the closure of the day and week!

The situation is similar in level 1 — a green long-line channel.

4) The Blue Flag is the top line. About her so we are interested in the closing of the day, with the 1st approach below — can be rolled back completely, at least temporarily, as it is the third touch prices.

The breakdown of the trend line up — consider options purchases on retest!

5) Black line channels — about her also wrote many times in the past forex forecasts of this site, so I will only add that next to this line is the level of 38.2% Fibonacci of the blue, so we are interested in closing the day at least with respect to the line , and of course of the week! Since the price level can defend from 38.2% down to close below the long black line of the channel.

The resistance levels are located below the closing price of the week:

1) The red trend line (her price went up on Friday, so it is quite possible hang up from it on the open market or breakdown, as well at the opening, retest its bottom-up view as a signal to sell the option.

2) The blue line is the trend or the blue channel — an approach from the top level of + 38.2% Fibonacci of the motion last week, up — consider the purchase, especially if formed bumper candle. Break down the line + retest the bottom-up — consider options sales.

3) Pink line trend — it is quite possible retest of the top, because after the break up it was not the level of + 61.8% Fibonacci of the rising up of last week. Break down — sales, but better not to break the black trend line.

4) The upper limit of the channel lilac — a similar situation

5) The black trend line — the approach above, we consider as a buy signal, as at least a temporary rebound quite possible (this is also the third touch of the price). Break + retest bottom-up + extra signals — consider selling!

6) 38.2% Fibonacci retracement of the entire up move with a minimum of orange trend line.

7) The lower boundary of the channel purple

8) 61.8% Fibonacci of the same movement up

9) The lower boundary of the blue flag of the channel, the approach above — may otboi up, at least temporarily. Break down + retest — consider options sales.

10) The purple trend line — the same

11) The upper limit of the orange channel is delimited on the priorities for purchases and sales, so we are interested in closing days and weeks on this line of the channel.

That’s all the forex trading forecast for the next week.

Of course a lot of resistance levels on the chart, while there is no absolute certainty where the price will move, but I’ll give priorities for the time of purchase, as long as the run for Forex Strategy «Flag + ABC» or the price will not fall below Channel is expected to flag. It certainly does not mean that the price can not be adjusted downward or work out some formations, such as Wolfe Waves and etc. for sale.

  • Download a template for MetaTrader 4 for EURUSD2_12_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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