Forex Forecast EURUSD (23-27 April 2012)

Dealing Center NordFX

Forex EURUSD forecast for the next trading week: 23-27 April 2012 with the description of levels of resistance for the price, and video projections on forex EURUSD, forex strategies, according to the graphics of this site

As always, after the analysis of price movement last week, analyze the closure of the week on important resistance levels for prices and candle combination.

1) The weekly candlestick closed candles in white, above the high of last week

2) Previous Candle sale of candles has been completely rewritten last week

3) The daily candle closed on Friday assured candle purchase.

Closed Sunday between 2 lines of black, so I can not say for sure that there is a priority for the transactions for the purchase or sale, even though the weekly candle speaks of the possibility of a maximum census of last week at least.

Last week, the price of EURUSD still trading mostly in the proposed triangle, a blue background, except for the alleged false breakdown and closure was also in it.

Now let’s consider the options transactions in 2 directions. But as the price does not go anywhere, then this forex forecast will be fairly short and only a supplement to the previous forex forecasts.

All options transactions for the purchase and sale of which below and above the background of a triangle — see the last forex forecast (for 16-20 April 2012)!

Deal to buy:

1) Purchases above the rising trend line in black — an hour after the close of H4 as a minimum, or days, or on the retest of the same line from the top down. Profit — the top line of the triangle and on the background of paragraph (2) for purchases from the past forex forecast (see link above). Stop-loss — following the same trend line + is an important Fibonacci level of the last upward movement.

2) retest the top and down the descending trend line in black + level at 38.2% Fibonacci retracement of the recent upward movement, presumably 1,3145-1,3137 (in cases of hanging up on the black trend line on Monday) + presumably red line on the rising trend last week. Profit — the black trend line is rising, the upper line of the triangle and then under paragraph (2) Number of past forex forecast.

3) The gray line is the rising trend Fibo + level of the last upward movement. Profit — the black trend line downward, and then under paragraph (2) for the purchase of this week. Stop-loss — for the next Fibonacci level.

4) Green Line Channel + presumably descending lower line of the triangle. Stop-loss — at least last week. Profit — the gray trend line is rising, and then under paragraph (3) for purchases.

Transactions on SELL:

1) If Monday is a retreat from the black trend line (preferably from the price — 1.3235) + from the orange line of the channel bottom + cluster of Fibonacci and extensions, formed a reversal candle on H4 or D1 — conclude a deal to sell, stop-loss — above the upper line of the triangle, or a reversal candle at a minimum, it is desirable to form the divergence of the MACD at least for H1 (maybe it will also probe and retest the blue dotted line trend over time). Profit — at least the black trend line downward, gray trend line is rising, and then the bottom line of the triangle, and then under paragraph (1) for the past forex sales forecast.

2) Break the cluster red + black trend line, or just the red trend line and its possible retest upwards. Profit — black downward trend line, trend line is gray and green channel line downward, the bottom line of the triangle and then under paragraph (1) for sales of the last forecast. Stop-loss — above the 2 trend lines of the + level of the last Fibonacci downtrend.

3) Break and Closing Day candle is below the gray trend line and its possible retest (since until now the price is the daily candle closes above it). Stop-loss — above the black downward trend line. Profit — the bottom line of the triangle and then a minimum census of last week, and then under item (1) of this forecast.

4) I think the closing of the day below the lower line of the triangle + on the possibility to retest — we sell. Stop-loss — gray above the trend line. Profit — under paragraph (1) for sale.

To install the template MT4, you need to unzip it! If you «get off» the trend line, the line channels on the forex market open on Monday — to tinker with their own, according to the image in the forex forecast forex and video projection.

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