EURUSD Forex Forecast (September 17-21, 2012)

Dealing Center NordFX

Forex forecast for EURUSD currency pair to the next trading week — September 17-21, 2012, which is based on rules graphical analysis of forex and strategy for this site:

Recommend to forecast Forex broker with MetaTrader 4

Analysis of closing the week on important price levels on EURUSD:

1) The week closed a confident buying candles, a little below the 38.2% Fibonacci retracement of the entire move down from a maximum of 4 May 2012.

2) closed Friday just buy candles with a small tail on top.

3) Price of Friday strayed from the level of 38.2%, as described above, although the chance to reach the top line of the green channel still remains.

On this basis, the trend is still upward, though dominant, but exclude sales options still will not.

Now let’s consider the options transactions and resistance levels in more detail.

Options resistance levels above the closing price of the week:

1) Of course, the level of 38.2% Fibonacci with a maximum of 4 May 2011 is still in force, it must be taken into account even if the price will stop the green channel lines long, the price will go down and then there will be retest of this level, bottom-up — that This signal also must be considered.

2) The upper line of the long-term green channel. Of course we are interested in closing the sliding door stop candles from this level, and preferably daily or weekly, but with the divergence of MACD, for example, or other signals, confirming, you can consider the options transactions on the sale.

It should also be noted that this will be the third line of the channel tap prices and sales options can be considered for forex strategy at Trendlines

Certainly the trend is up, and while I personally do not see any signs of price reversal down, except the important resistance levels, and therefore options breakup also possible! And excludes those options as completely not worth it. Although I guess that the price still whacks from this level.

If the price breaks through the line after all the channel up, daily candle closes above it, and generally better week, then retest of this trendline + additional signals (eg Fibonacci) can be interpreted as signals to buy.

3) The next resistance level — the level of 50% Fibonacci of the same maximum — May 4, 2011.

4) The level of 61.8% Fibonacci level of the same Fibonacci + brown rising trend line drawn through the minima of the corrective movement in the downward trend.

On while they not consider the price movement for next week.

Variants of the resistance price below the close of the week:

Below find the prices on EURUSD, we certainly left a lot of the resistance for the price, so I will only consider the most important in my opinion.

Of course the price can not endlessly move in one direction without any correction at this point up. But this does not mean that we should try to sell without reason on each proposed maximum, but if the price drops down and still have signals for the continuation of the downward movement, then exclude those options signals will also be wrong.

1) The price is almost 2 weeks moved in an upward channel and purple on Friday broke it up, so retest of the channel from the top down — consider options for the purpose of shopping — census maximum and long green line channel.

The breakdown of the channel line and bottom-retest vvnrh + additional signals — consider options sales.

2) Light brown upper channel line — certainly not very important signal, but still hang up possible options. Similarly, and the breakdown of the channel down and retest — are considering selling.

3) The level of 38.2% Fibonacci retracement of the move up from the low of Thursday last week, + brown or purple channel line or the top line of the channel or pink background all these signals together — consider options purchases.

Sample and retest the same channel lines from bottom to top — consider options sales.

4) The top line dark blue trend line — a similar situation.

5) Вrown upper channel line — not very important signal, but can also be taken into account.

6) Orange Line channels — this is an important signal, and the situation is similar: an approach from the top — consider options for shopping, bottom + retest — sales. It is also possible + purple trend line. Particularly interested in the closure of the day regarding the orange line of the channel.

7) Red + long-term trend line may be offered the purple + signal (6) for the downward movement.

8) The level of 38.2% Fibonacci of the whole of the last upward movement with a minimum of 07/24/2012 + pink bottom line channel. Interested in is the closure of the day on this level and perhaps weeks.

9) Brown lower channel line + the same Fibonacci level.

10) The blue line is the long-term channel, its retest of the top-down view as options for shopping. Break down and retest + daily close below this channel — sales options.

Until all resistance levels for the price at this point in order to understand how the price will move farther still have to wait for price reversal and the final formation of the maximum. Although I personally think that it is not yet fully formed …

So do not forget to make a prediction for myself during the week + to monitor the situation in the market and in the comments to this projection of the week!

download the template forex forecast for MetaTrader 4 for EURUSD — 16_09_2012_eurusd.tpl (previously to decompress and put in the MT4 terminal or download the chart: If you «get off» trend lines, channels, then reformats them according to pictures in the forecast)

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