Forex forecast EURUSD (2-6 January 2012)

Forex forecast for EURUSD currency pair for a week: 2-6 January 2012 + analysis of price movement over the past week (last week of 2011), in accordance with the rules and graphical analysis of forex strategy forex, described in the video course «Safe Forex» (Aleksey Loboda)

Forex Analysis on EURUSD per week — 26-30 December 2011.

To be honest, was expecting from last week’s less predictable price movements on EURUSD, but everything turned out fine — under consideration of forex strategy, which is very good. Now let’s look under the laws of any of the last week the price was moving in more detail.

On Monday.

Price breaks a little gap blue trend line up and closes above it hour candle, then there is the same retest the trend line, but the price is far above does not go away. Price by the end of the day back to the purple line across the uplink channel corrective, but did not penetrate it, and daily candle closed within the same channel forex black candles uncertainty (daily range 30-35 points).

Tuesday.

Price breaks down purple channel (but does not break the dotted purple line trend, carried out on a minimum price of the last corrective movement), but the next hour candle absorbs the previous candle up again and the price returns to the purple channel. By mid-afternoon price overwrites the previous day’s price, and again descends to the bottom line of violet channel, then it bounces from inside the channel is closed daily candle candles in white, but also spark more uncertainty.

Forex Analysis on EURUSD per week

Wednesday.

Price also traded sideways: the purple line breaks down the channel, back above the channel and goes to the red line of resistance. A few hours earlier in the price range of red and purple trend line and still breaks them down and breaks the main purple dotted trend line and then going trend movement down to a minimum of corrective movements on 14 December 2011, after the census forms minimum divergence MACD at D1. Price meets resistance in the previously blue channel + blue trend line has a broken on Monday. Price bounces them up and knocked at least test of December 14, upward and goes down again. Day rose candles confident sales.

Thursday.

Price breaks down the blue channel is closed by a bottom plug it, but on the next candle returns above the channel, with a minimum of rewriting the previous day. But the price is far above does not go away and bounces down from the level of 23.6% from the last move down (yesterday). Again, there census low of the day and also a census record low in 2011 (January 10, 2011) (!!!), then formed to the same divergence and MACD on the range of H1. In addition, we also obtain the Wolfe Wave for purchase on EURUSD (H1). The price goes up and practically OED to the target Wolfe Waves — lines, constructed by points 4.1 + level 38.2% of the total downward movement of the latter. Hang up down the line 2-4 and retest again peak census day. We get daily candle close sliding door stop up a white candle, which indicates that the correction to the downward movement of the fastest continue.

Friday — closing the month of December 2011 + close!

Price lowered again to retest a broken line of 2.4 + waves Wolfe level 38.2% Fibonacci. Reject up, the price encounters resistance to the trend line for a maximum of 2 days, but it breaks up, after which the price rises to the level of 61.8% from the last downward move, hang down and retest again punched the red trend line, then the day and rose candles look more like the uncertainty.

It should be noted that 2011 was closed candle sales, although we have this candle on the chart MetaTrader 4 and not seen, but considering that the census, the minimum still occurred and the price closed at least a year, and it turned out more candle candle with a very small white body and a long tail on top.

Month closed a confident spark sales.

Week just closed the sale of candles, but candles and prone to correction up.

Forex forecast for EURUSD for the next week — 2-6 January 2012.

The month is over, 2011, in this changing pattern MT4 with the definition of critical levels, trend lines, channels, Fibonacci and m — you can download it at the end of the forex forecast for this week (as usual).

So as the year closed at a minimum, though candles sale, but still up correction are possible, in this we will consider options for all transactions the same way in 2 directions. Doing this forex forecast for EURUSD on Monday, is this possible change in the situation on the market before the publication of the forecast.

Transaction for the sale.

1) An important resistance level I think the gray trend line + on the possibility of an important Fibonacci level of the last movement down (1.3066 — but if the price approaches the level of Monday-Tuesday). Stop-loss above the next Fibonacci level — 1.3130-1.3150. Profit — retest pink background of the channel and if price breaks it again, then further to the red trend line and so on. If no punches — then consider buying

2) consider options for selling the following trend lines:

- Blue on Wednesday-Friday peak level + 61.8% from last Friday’s downward-Monday (now retreat occurred).

- From the top of the line pink background channel

- Light pink trend line (long term)

3) Sales of a broken down purple retest of the channel on the last corrective movement + possible level of 1.3115 (76.4% Fibonacci of the last downward movement, with a maximum of 21 December 2011). Profit — the gray trend line, a pink background channel (the retest)

4) The breakdown down and retest the blue channel upwards. Stop-loss above the important Fibonacci level of the last downward move. Profit — 1.2790 (a collection of extensions of Fibonacci 161.8%), 1.2725 (138.2% Fibonacci), the blue line the channel long-term level of 1.2590 (76.4% Fibonacci of the total long-term upward on the charts D1-W1 .)

Just below the trend line is: brown, light green, in that they also need to consider when combining the objectives of the motion down.

Forex forecast for EURUSD for the next week

Transaction for the buy.

Just want to add that the preference for the transactions for the sale is present in my opinion, but still buying more confident I would consider closing at least daily candle above the upper line of pink background channel. Anything below — the options transactions for the sale is more important.

Based on the assumptions described in the sentence above, I give basically only important levels, and you can decide whether it makes sense to trade against the trend, if they fit your rules mani management.

1) consider options for purchases at the close of the candle above these trend lines, but rather the reverse, and retest them after the breakdown up:

- Above the blue trend line (the maxima of the medium-Friday)

- Above the red trend line

- Above the upper line of the channel pink background

Nearest profit — gray trend line, punched purple trend line. If the price bounces from gray — the fastest will go to retest pink channel for shopping. If pierces the gray trend line and back down — then retest the gray target and up.

2) If the price breaks the trend line and a purple top, the next goal — the maximum census of 21 December 2011, then a light pink trend line, dashed line violet channel, dark pink long-term trendline.

3) If the price breaks down at least the past year, the next goal, from which it is possible to consider options to purchase — is a long blue line of the channel in which the price for a long time and moving.

Further, the transaction still questionable (!), Because going against the trend. That is, stop or return to those levels will be the fastest (moving down), but is it worth to trade them to buy — you decide.

4) The level of 1.2790 — 1.2805 — a level concentrations of Fibonacci extensions of the last corrective movement upward + possibly already well-functioning channel line blue (although it is already broken several times in both directions). Stop-loss is at least 1.2690. Profit — the important Fibonacci levels from the last downward move.

5) 1.2722 — 138.2% of the level of an important corrective movement with a minimum of October 4, 2011 1.2250 (approximately). Profit — the blue line is the upper channel.

6) the level of 76.4% Fibonacci — 1.2595 of the total movement of up to D1 which is corrected now.

That’s all I think the options transactions for the next week and in general in the near future. More precise entry point so do not forget to count the week, on the emerging market combinations.

Original translation: Forex forecast EURUSD (2-6 January 2012)

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