Forex forecast EURUSD (16-20 January 2012)


Dear traders forex, I present to you its latest analytical overview of the currency pair EURUSD over the last week + forex EURUSD forecast for next week: 16-20 January 2012, drawn up in accordance with the forex strategies graphics on this site

Forex Analysis on EURUSD per week — 9-13 January 2012.

Monday — January 9

The market opened with a gap to reach the goal set in the past forex forecasts — a line of blue channel, then the price strayed, closed the gap and went above (the red line has broken the downtrend channel) to a level of 23.6% Fibonacci of the last downward movement (with a maximum of 3 January 2012), after which the price fell below — to retest the dark blue trend lines. The result is a pattern of «Head and Shoulders». Prices went up — to the line of the neck, where it has been closed day candle purchase.

Tuesday — January 10

Price breaks up the neck, formed a pattern of brown and rises to the channel, then bounces back down, fighting off the neck line up and after several oscillations up and down, the price still fighting off the green down the long line of the channel (the price is only a few points do not reach the level of 38.2% from the last downward move again, with a maximum of 3 January 2012. The price breaks down the brown line of the channel, testing its bottom-up and we get a closing date of the candles of uncertainty.

Wednesday — January 11

The price falls back to the neckline, testing its top-down + blue channel line and bounces up, then test the channel line brown bottom-up and breaks down the neck line + blue channel of the last correction of the week. Then we get the all clear just from the trend line in dark blue. The price overwrites the first minimum + H4 formed by divergence. The daily candle closes sale of candles.

Forex Analysis on EURUSD per week - 9-13 January 2012

Thursday — January 12

After the opening of Thursday, the price reaches the level of 38.2% from the last move down (with a maximum in the green channel lines long), and after a small downward correction, the price still rises above tests and bottom-up line of shattered blue channel correction + brown trend line, we hang down, and then retest the red trend line on the last downward movement and the price goes up and breaks up the green channel, after minor fluctuations did we get a close above the same channel. After that the price comes back to retest the green channel is already inside. Day rose white candle purchase.

Friday — January 13 (last week)

After the retest green channel line from the top down, the price goes up, rewrites the resulting high the previous day. Reaches the level of 50% of the downward movement of the last level + 138.2% Fibonacci extension of the motion Tuesday environments + tests historic low bottom-up (at least the previous year — 11/29/2011). On the hourly chart EURUSD formed divergence of MACD and price swoops. Green Line breaks and closes the channel several time candles below it. Then the price breaks the brown channel and meets resistance only in the census week low + blue + channel line the long-term dark-blue trend line + red trendline.

Price bounces them up and closes day above these trendlines. Day closed the black candle sales.

Week closed the sale of candles with a small black body and a long tail on top. But this week, closed all the same within the blue channel.

Forex forecast for EURUSD for the next week — 16-20 January 2012.

The price of EURUSD last week went virtually nowhere in comparison with the closing of the previous week, but shifted to the right time and formed a new extremes. In this particular resistance levels did not change compared to last week.

Priority all the same remains for sale, even as the price for the week was unable to fight off an important channel of long-term blue top. The trend still remains dominant in the market. But despite this, the blue channel is not broken down and we were not closing any day, any week of the candle below it, is this still shopping options can not be excluded. It should also be noted that the green channel to retest deals to sell on the weekly chart still happen.

Now more about the important resistance levels for prices and entry points into the market for transactions in the sale and purchase transactions.

Deal to sell:

First, it should be noted that while the price is trading below the gray trend line downward and below the green channel, talking about the priority of transactions for the purchase, I still would not. Of course you can try to buy in the presence of confirmed signals forex important resistance levels below them, but it will be shown within the correction to the breakdown marked trend lines and channels.

1) The sale of the level of 1.2720 (38.2% Fibonacci retracement of the last downward move Friday + dotted blue channel). Stop-loss — as far as possible above the brown canal. Profit — long blue line of the channel, and then further 1,2590-1,2580 1.2470 line or light green downward trend.

2) Sale of 1.2780, if the price of all has not yet emerged from a background of pink canal, a stop-loss above the gray trend line + 1.2820, profits — the same as in paragraph (1).

3) If the price breaks down and the blue channel is lower and retest it possible after the close of day candles below it — a good point for sales in the presence of additional signals.

4) Similarly, the breakdown of the blue Nana down (although it is not the primary).

5) If the price after the breakdown of the gray trend line goes up, then the point at which you need to pay attention to sales, they are:
— The level of 1.30 — 23.6% Fibonacci of the whole movement down below the trend line of gray + brown line channel trend movement preceding
— The level of 1.3240 — 38.2%, respectively + light pink trendline + purple line preceding the corrective movement

Forex forecast for EURUSD for the next week - 16-20 January 2012

The deal to buy:

1) As stated above, first of all consider the options for deals to buy if the price breaks through the gray trend line, as well as green up, and if possible daily candle closes above them and retest are these lines from the top down — a fact that speaks of the beginning of a correction downward movement at all below the gray line trend. Stop-loss is a significant Fibonacci level of the last upward movement + below these trend lines. Goal of profit — the level of 1.30, 1.3075 (the maximum census of that year), 1.3240. Next until you describe the purpose, because I think it’s a week and so very much …

2) To consider possible options for purchases of 1,2590-1,2580 level — 76.4% Fibonacci of the longer-term movements in D1 on EURUSD. Stop loss below 1.2470 — 161.8% Fibonacci extension marked in the past forex forecasts. I must say — what to buy for this signal is better to wait for confirming signals of trend reversal up (divergence reversal pattern or m)! Otherwise, the transaction can be quite risky.

3) Purchase of the level of 1.2470 — 161.8% Fibonacci extension — the same deal against the trend is similar to that with verifiable input signals! Stop-loss and even I can not say yet where to put, you need to wait for confirmation of the reversal.
Profits for the trades (2 and 3) — dark blue trend line, the blue trend line and beyond: green, gray, and then according to profit in paragraph 1.

4) You can of course on Monday to buy and the price of open market if the price is not going away sharply, but it’s still a risky deal and decide for yourself whether to buy or not. Reject the minimum actually is, the price closed above the important trend lines, but the immediate goal — 1.2720, 12 780 and so on. Stop loss below the low of last week.

That’s probably all still options transactions, as well, note that fact on the EURUSD (H1) formed by expanding formation and the price can move to either side!

A more detailed look at the forex signals chart during the week, as the formation of any combinations and extremes.

  • Download Template for MetaTrader 4 forex considered forecast for EURUSD for the next week — 15_01_2012_eurusd.tpl

Original: Forex forecast EURUSD (16-20 January 2012)

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