EURUSD Forex Forecast (6-10 August 2012)

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EURUSD Forex forecast for next week: August 6-10, 2012

Recommended for forecasting Forex Brokers with MetaTrader 4

Policy brief closure of the previous trading week on important price levels:

1) week closed a white candle with a long tail from the bottom and almost at the peak of the day. This is of course a candle to continue moving up, that is, for the purchase.

2) Friday closed a confident buying candles white and she almost swallowed a rather large black candle on Thursday with a long tail.

3) Last week we got a close above the upper channel line of the background blue color, which is also a fairly strong signal to buy.

4) Last week, the month of July was closed and got a candle, though black, but still with a tail bottom.

Price closed the last week, the blue channel is returned to him, and on Friday we were already closing the week above it, hence the higher the channel we are considering options for the purchase mainly because the priorities of the sales there, although besieged by significant levels of resistance may be an all-taka .

This week, made some important rebuilding trend lines, channels — not very relevant deleted, added new ones.

Now let’s consider the options of resistance levels above the price closing the week:

1) Lilac trend line drawn through the maxima of the latter. Reject down is possible, for example, to retest the blue channel. If the price breaks through the line is + retest (ideally), the next goal — the upper limit of the channel at least brown.

2) The upper limit of brown + red channel trendline + level at 61.8% Fibonacci (blue). A similar situation — can hang down to the blue channel as a retest. Closing the candle above the brown trendline and Fibonacci 61.8, and preferably above the red trend line — consider options for the purchase.

3) The upper limit of dark-blue channel + level at 38.2% Fibonacci (dotted green). Since this level is important to consider, then otboi down quite possible and if there is a closing of a reversal candle or just limit you can sell particularly well, if there was a divergence, and so. Break of this level and closing the candle above the date of this trend line and Fibonacci, consider the options for shopping, especially if you will retest the channel from the top down.

4) retest the bottom-up channel pink background, it is possible otboi down, for example, to retest the dark-blue channel. The breakdown of this channel, and retest the top-down, especially if more will be some important Fibonacci level of the last upward movement — considering options for shopping.

5) The red line is a long-term trend — considering the closure with respect to this line the other day, a week is better. Although both variants are possible on smaller signals. The approach from the bottom — consider options for sales. Break, closing the day above the line, retest — consider options for shopping.

6) The top line of blue + channel long-term 61.8% Fibonacci: an approach from the bottom — sales, closing the day or week above — buy and better on retest the channel from the top down.

7) Dark blue rising channel line

8 ) Orange Line channel long-term — a situation similar to paragraph (6).

9) The green line is a long-term channel (wrote about it many times in the past forex forecasts).

Now let’s consider the options for EURUSD forex signals for buying and selling below the closing level of the week:

1) retest a blue background above the channel — we buy, if the H1-H4 candle closes below the trendline, and the best D1 — are considering selling well, and if more and retest the bottom-up occurs.

2) The top line orange channel last week. Although the canal and broken, but the retest it on top — it’s still the signal for short-term purchases.

3) The lower limit of brown + channel probably an important Fibonacci level. The approach from the top — we buy, if there is a breakdown down, you can sell on the retest.

4) The dark green line of the channel long-term — an approach from above — shopping, sample down, closing the H4-D1 candles and retest the bottom-up — sell.

5) retest the black line of the channel from the top down — for the purchase of long-term retest green line of the channel at a minimum. Break down and retest the bottom-up — sell.

6) The brown long-term trend line — same as paragraph (5).

7) The blue line is the long-term channel — the same way.

8 ) The bottom line is pink channel

9) The lower black line channel

10) Lower long-term blue line channels + the lower limit of background blue channel — a similar situation to paragraph (5).

At this point, all the important levels I’ve described … to monitor the situation during the week and comments to the forecast forex.

Download a template for MT4 to this forex forecast for EURUSD — 5_08_2012_eurusd.tpl (a template is first necessary to unpack and put in MT4! If you get off the trend line, they tinker with the images in this forecast)

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Comments (2) on "EURUSD Forex Forecast (6-10 August 2012)"

  1. […] The background pink channel and higher levels of resistance did not describe, as they looked in the past forex forecast […]

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

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