Forex Forecast EURUSD (30 April — 4 May 2012)

Dealing Center NordFX

Forex EURUSD forecast for next week: April 30 — May 4, 2012

Before you make a forecast for the next trading week, we analyze the closure of the previous week, with respect to important levels of resistance for the same price and we are interested in closing the candle.

1) The weekly candlestick candle shut white with a tail from the bottom — the purchase of candles, which also tells us about the priority purchases.

2) The daily candle closed Friday as a confident buying candles.

3) Of course, price per week is far from gone, and the movement is not quite sure up, but still closed a week above the high of last week.

4) At this point, the price is still trading below the black line rising trend, which also indicates the priority of sales.

5) Price is coming to the top of the triangle, which also suggests a possible roll back down and even reversal, the breakdown of the triangle will indicate the priority purchases.

6) Just what you need to pay attention to next week (Monday) — is the closure of the month!

From the close of the month it is possible will depend on where the market will go next.

Now let’s take a closer look at the options forex signals for buying and selling.

Options transactions for the BUY:

1) The most significant resistance line shopping is the top line of the triangle, so the breakdown of the day and close above it, will say that moving up most quickly to continue! But above this trend line is we have a level of 61.8% of the corrective movement, with a maximum of 29 February 2012 + black trend line rising blue line + long-term downtrend channel. It is these «objects» and will serve as the fastest first goal, from which most quickly will return again to a broken line of the triangle at least! If the price breaks up and these levels, then the next target for profit — the red line the channel, the blue line of the channel and in the longer term — the green line is a long-term downtrend channel.

On this basis, a line punched retest the top of the triangle can be thought of as levels for transactions for the purchase, if there are important Fibonacci levels, for example. Stop-loss — below the line of the triangle + next Fibonacci level of the last upward movement.

2) Similarly, we are interested in and closing the day above the blue line of the channel long-term. Profits — in paragraph (1) for purchases. Stop-loss — a broken line below the top of the triangle.

3) Break up the following trend lines and the retest will also talk about possible purchases:

- The black trend line

- The red trend line

Then do not see, because I think the price will hardly go next week.

Stop-loss orders — below these trend lines + is an important Fibonacci level of the last upward movement. Profits — the same as in paragraph (1).

4) Also, I think buying opportunities from the dotted trend line in red + is an important Fibonacci level (38.2%) on the motion Friday. Stop-loss — lower than the next Fibonacci level or better and 61.8, Profit — lilac upper channel line, the maximum census, the line of the triangle top and then under paragraph (1) for purchases.

5) The gray trendline + level 38.2% Fibonacci of the whole movement upward with a minimum of 16 April 2012. Stop-loss — for the next Fibonacci level. Profit — the green line is the channel of the upper line of the triangle and then under paragraph (1).

6) Just below the current price possible purchase of the following levels:

- Brown the trend line

- The bottom line of the triangle (although I suppose that if the price is suitable to it, and still quite sharp, it is possible to probe down)

- Red Line Canal

- Purple line of the channel

- Purple trend line

- The red trend line is a long-term

Stop-loss orders — the next major resistance levels + or Fibonacci extensions. Profit — just following the breakdown down the line and resistance levels are described in this paragraph + paragraph (1).

Now let’s look in more detail the options forex signals on SELL:

1) First of all, it should be noted that the price is trading below the black trend line below the top line of the triangle, the movement is not particularly confident going up recently, on H4 — divergence of the MACD.

Hence when the price approaches the black trend line + lines of the upper triangle, possible sale of, if not limit, at least in the formation of the sliding door stop H4 candle (although I assume that the sample up more real, but maybe not right away …), stop-loss, This is placed above the blue line of the channel long-term, or at least the black trend line upward (it all depends on the time of receiving a signal to sell.) It is also possible to place stop-loss above the pivot formed by H4 candle, when it certainly would be.

Bargain or not — it’s certainly for you, but if the price breaks through the line and a triangle, then I think the return will be possible to close a deal to breakeven as a minimum. While I repeat — I am still a priority for the purchases, but very confused uncertain move up …

Profit — the red dotted trend line, the lower channel line, the gray trend line, trend line brown, the bottom line of the triangle, red and purple line channels, purple lower channel line, a red long-term.

2) Similarly, consider the options of selling the following levels:

- Breakdown and possible retest green line channel bottom, feet above the red dot, or an important Fibonacci level of the last downward movement

- Sample and retest the gray trend line, the stop-loss is the same

- The breakdown of the bottom line of the triangle + retest it now!

- The red line of the channel

- Lilac

- The purple line

Profits — the same item (1) for sale.

3) Above the current selling price possible on the level of 61.8% Fibonacci of the last downward with a maximum of 29 February 2012 (1.3298) + black trend line rising blue line + long-term downtrend channel. It all depends on the time approaches for money. Stop-loss — above the black trend line as a minimum, and preferably higher than the next Fibonacci level. Profit — especially pierced the line of the triangle top and retest for purchases if the price breaks and then under paragraph (1) for sale.

4) It is also possible sale of:

- The red line of the channel

- The blue line of the channel

- The long line of green channel. Feet — for the next level of Fibonacci Fibonacci extension, but for the confidence needed to clarify. Profit — the next lower level of resistance and then under paragraph (1) for sale.

That’s probably all the signals on the forex forecast. Also, again, that market is not really spoiling us trend movements, but still miss a good entry point is also not very nice, so browse the comments of the week and do not forget to build graphics and find the point of entry into the market and supporting their own signals. And of course do not forget to look at the monthly closing of the candles!

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.

Original: Forex forecast EURUSD (30 April — 4 May 2012)

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