EURUSD Forex Forecast (September 10-14, 2012)

Forex forecast for EURUSD currency pair to the next trading week — September 10-14, 2012, which is based on the rules of graphical analysis of forex:

I recommend to set the pattern for this prediction to choose Forex Broker with MetaTrader 4

By analyzing the close of the week, on important price levels for the pair EURUSD:

1) The week closed white candles on high.

2) closed Friday just a white candle at its peak that candle.

3) And the most important thing that happened last week — a breakdown and closing prices above the blue channel and the long-term is not enough, and even above the red trend lines long! Which undoubtedly shows the priority of transactions for the purchase of the following week and the predominance of the uptrend.

While kickbacks to a penetration level is still possible and we will also be an option for short-term transactions of sale.

And now, as always, consider options important resistance levels for the price and reject them as options on EURUSD forex signals for transactions.

Since last week, there was a break through many important trend lines and channels, the same I guess what it says about the main prevailing uptrend. So try to catch a turn for no apparent reason I would not recommend a better look for points to enter the market to buy or add to these positions. Sales should be seen after the important signals of trend reversal?

Consider options options resistance levels below the closing price of the week:

1) Price came to the green Fibonacci 61.8%, therefore setbacks are possible on Monday, but I think that the price of everything it has to move up.

2) Brown trend line though and had to stand by upward movement of the prices up, but I would still be on it did not expect much, because there are a number many more important lines. Although it is quite possible retest. But still more interested in this line after the break it down and retest the top-down, at the signal + example, an important Fibonacci level of downward movement — the signal seen as a signal to sell. It is especially good if the retest will retest with a background of blue channel in the same direction. And doubly good, if it is still green and retest the trend line movement on Thursday-Friday, bottom-up after breaking down.

3) long-term trend line is Red — this is a very important line, and given that it closed above a week, and then retest it as a top-down — a buy signal. + Maybe it will retest the green upward trend line.

Break it down + desirable retest, the closing of the day, well, best of the week — a signal to sell.

4) Green rising trend line — described it in paragraphs 2-3 above.

5) Purple trend line — the same line is important, as it has much in common with the price and was broken up, so retest top-down + extra signals — buy signal, at least temporarily. Break down + retest — consider options sales.

6) The blue line is the long-term channel — is also very important, I do not know if the price comes up to her, but in any case retest should be seen as variants of purchases. Break down and retest — sales options. Well if this approach will be more price retest in any direction the blue line of the channel (its upper limit).

7) The lower boundary of the blue background channel. Approach from the top — consider options purchases breakdown down and retest — sales options.

8) Brown trend line — a similar situation.

Variants of the resistance to movement of the price above the close of the week:

1) The most significant level of resistance for the price and the purpose to which it is expected to move up — it’s the top line of the orange channel. It may also be the upper limit of the dashed red channel (that is, the line was built on the 3 peaks: February 29, April 2, May 1, 2012)!

Hence from these levels can be rolled back, but that does not mean that we should sell uniquely necessary to fix part of the profit and wait for topping combinations …

In all of this, of course, and possible breakdown of these 2 important lines up channels. Hence the breakdown of orange channel, closing the day above it and retest the top-down + additional signals (required) — consider options purchases!

2) The next resistance level — the level of 61.8% Fibonacci of blue, that is, with a maximum of Fibonacci 29 February 2012 + retest of the rising trend of the long blue line. Retreat from these levels, it is quite possible to at least retest the orange channel, and then how it goes …

The breakdown of this long line of blue uptrend and retest of the top-down + extra signals — are considering buying with a view — a green long-term upper channel line.

3) The level of 1.3145 — the level of 38.2% Fibonacci pink, with a maximum of 4 May 2011.

4) The upper line of the green channel long — consider options for sales and profit for the transactions for purchase …

While this is all the forex forecast for next week!..

download the template forex forecast for MetaTrader 4 for EURUSD — 9_09_2012_eurusd.tpl (this pattern is first necessary to extract and place in a terminal MT4 or download the chart: If you «get off» trend lines, channels, then reformats them according to pictures in the forecast)

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