EURUSD Forex Forecast (4 — 8 June 2012)

EURUSD forex trading forecast for next week: 4 — June 8, 2012

As always, we analyze the closure last week of May and monthly candles:

1) First of all, we should pay attention to the fact that the month of May closed a confident spark sales, long enough candles in black with a little closure to a minimum. Moreover, the candle closed below the 76.4% Fibonacci of the recent upward movement with a minimum of 1.1876 and below the long-term trend line in red + rewritten at least the last four-month candles, which in itself speaks about the priority of sales. Despite the possible correction upwards.

EURUSD analytics

2) The week closed the sale of candles after all — black, but with a tail at the bottom, indicating that the ability to roll back up, presumably as I think the red trend line long (retest it was not yet).

3) Given the fact that the trend is still downward dominated in recent years, it will be the main priorities and it is on sale. Especially if the price is below the red trendline long term.

4) Friday closed a confident buying candles — candles sliding door stop, hence the possible purchase!

Now let’s consider the most important levels for both sales and purchases for the week of the closing prices ABOVE:

EURUSD Forex Forecast (4 - 8 June 2012)

1) Recently, the trend is traded in the background, the blue channel, the retreat from the long green line of the channel occurred Friday, closed sliding door stop candles, price breaks the red dotted trend line and the day closed above it. Consequently retest the same line from the top down experience as a buy signal + level 23,6-38,2% Fibonacci of the motion on Friday.

2) The next level is an important — the upper channel line down the blue background. + The level of 61.8% Fibonacci of the motion last week — a signal to sell. Break up and retest of the same channel from the top down — as a signal for shopping with a purpose — long-term retest the trend line in red.

3) Another intermediate level, which can be considered as a sale (at least temporary) or better on the breakdown of the purchase and closing date above this trendline + retest top-down — is the level of purple trend line + about the level of 76.4% Fibonacci from the downward movement last week.

4) Census maximum last week 61.8% + level of Fibonacci — as possible rollbacks, although I’m guessing that the price will go higher — to the next line of resistance — see next item.

5) Red long-term trend line + level 38.2% Fibonacci of the downward movement with a maximum of 1 May 2012. This is a fairly strong level, and I assume that the price is still on this level will continue its downward spiral.

Break this up trend line and the closure of the day, but better a week (!) + Retest its top-down, will be talking about a possible continuation of the upward movement.

Above this trend line has been, I would consider buying longer-term correction, or more prolonged.

6) The next level of resistance — the blue trend line, red line channel

7) And above all we are interested in is the blue line is the upper channel + closing the first gap (May 7, 2012) — hang down from it (into the channel forex), the sample up — buy (!)

Now, let us adduce the important resistance levels for prices below the closing price of the week:

EURUSD Forex Forecast (4 - 8 June 2012) - sell

1) First of all, if the price is once again come to the green channel lines long — you can still try to buy stop-loss at the same time below the low of last week. If there is a closing of the day below the same line of the channel formed retest + if it is a bottom-up — consider further sales. Although the H4 and W1 did prisutctvuet divergence of MACD, hence the need to sell as well with caution …

2) Then we are interested in the trend line and the brown as the lead price is near it, the principle is the same — and closing down the breakdown of the day — selling, buying the same from her probably not be recommended as the best if u buy it above the green line of the channel — paragraph (1) above.

3) The projection of the upper line of the green channel of long-term — light green trend line + possible extension of the Fibonacci 161.8% of the upward movement with a minimum of 13 January 2012.

4) And the last level of resistance for today — the bottom line of the blue channel long-term. On it I would still recommend to fix a deal to sell and to consider the purchase, even if temporary. And of course the line break down and retest the bottom-up — … The purpose of the sale — the red trend line is for a minimum of 27 October 2008 and June 7, 2010.

  • Download Template for MetaTrader 4 forex trading forecast for this for EURUSD — 3_06_2012_eurusd.tpl

1) MetaTrader 4 template, you must first unzip!

2) If the «get off» trend lines, channels on the forex market open on Monday (not shown in the graphs as the forecast) — tinker with their own, according to the image in the forecast!

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Comments (1) on "EURUSD Forex Forecast (4 — 8 June 2012)"

  1. […] line of red + level 38.2% Fibonacci of the last downward move down. On this signal, we talked in the past forex forecast for EURUSD. Similarly, we are interested in at this level as a closed day or week on this same trend […]

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