EURUSD Forex Forecast (8-12 October 2012)

Dealing Center NordFX

Forex forecast for EURUSD for next trading week — October 8-12, 2012, a rule-based graphical analysis of forex and forex strategies graphics on this site

Recommended Brokers Forex with MetaTrader 4

Brief analysis of the closing of the week:

1) Candle week closed white candles with a small tail up and down. Presumably candles continue the movement to buy.

2) closed Friday’s candle white candle with a small body and tail of equal value from all sides. Which can also talk about a possible correction or pullback.

As always consider options price movements, both up and down, respectively, the resistance levels for the price of which we can consider options transactions:

Variants of price above the closing price of the week:

1) The upper limit of brown + channel would probably be the upper red trendline. Lights out down is possible, but it is better to wait for a deal pivot combination of the brown line. If the price is still breaks the line and retest it is (if possible), a daily close above it, then I think you can consider options for shopping, but it is better that this breakdown was not on Monday and Tuesday, and the price does not put her in the red line of the channel.

2) The red line channel top — hang down quite possible to at least retest the brown trend line. If the price breaks through the line and retest it happens, then we can consider options for shopping.

3) the level of 38.2% Fibonacci blue + census maximum 17 September — can hang up and turn, since D1 is maturing divergence MACD.

4) The upper green line + channel of the previous signal (3), all depends on the approach to the price of the channel. This line is considered sufficiently serious, so we are concerned about its release is on D1 and better at W1!

Formation of topping combinations — consider selling. Closing of the day above this line — the further upward movement and well if more will retest the line from top to bottom + additional signal Fibonacci example.

5) Census maximum 24 February — Ability to undo

6) retest the trend line of brown + level of 61.8% Fibonacci blue. Ability to roll back down. Sample and retest the top-down — consider further purchases, but I think the price would go so far …

Variants of price below the closing price of the week:

1) The bottom line is the blue channel — is the support line for the price, the breakdown of this line and retest of the bottom-up — consider options sales!

2) Red bottom channel — approach — consider options hang up, breakdown and retest — sale.

3) long-term trend line Blue + accumulation Fibonacci 38.2% + 61.8 — approach from the top — consider buying (though perhaps temporary) breakdown down, closing h4, and better days — and well consider selling if the retest of the bottom- This upward trend line.

4) Purple + light green trend line — the time of purchase and sale. If the price breaks them down and going retest — sale.

5) level of 61.8% Fibonacci (1.2906) from moving up last week.

6) Orange line channel — same — retest top — consider when buying on line even some signals. Break down and retest — sale.

7) Red long-term — care closing day at least! Situation is similar.

8 ) The brown line channel bottom — top approach — may otboi up, breakdown and closing at least H4 — sale.

9) The top line of orange background channel and it is quite possible that this will be the line (6-8) is interested in is the closure of the day on this line!

10) The level of 38.2% Fibonacci of the whole of the last upward movement with a minimum of 07/24/2012

11) The blue line is the long-term channel — its retest and maybe it will be the level of 61.8% Fibonacci retracement of the same — considering purchase. Sample and retest — sale.

In this forex EURUSD forecast for the whole next week, although that did not think that the price will fall so far …

Download a template for MetaTrader 4 for EURUSD — 7_10_2012_eurusd.tpl (previously to decompress and put in the MT4 terminal or download the chart: If you «get off» trend lines, channels, reformats them according to pictures in the forecast)

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Comments (1) on "EURUSD Forex Forecast (8-12 October 2012)"

  1. […] 5) The green line is the long-term channel — write about it will not, as described in detail in the past signals forex forecast for the week. […]

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