Forex Forecast EURUSD (5-9 March 2012)

Alpari

Dear traders, I offer you a regular forex EURUSD forecast for the next trading week: March 5-9, 2012, as well as an analytical overview of price movement, according to the rules of charting forex, forex trading and strategies described in the video course «Safe forex»

Analysis of EURUSD for the past week — February 27 — March 2, 2012.

Monday — February 27

The market opened on Monday with a slight gap up, which is within the first hours of the market was closed. Price dropped to the purple trend line from the top down, tested it, but after a small rebound up, broke this trend line, then there was a breakdown of the blue line down the canal, and kept only the price of the gray trendline + level of Fibonacci 38.2 with a minimum of 21 February . It is clear from the top — to the blue line of the channel, its retest and the day closed the sale of candles on the gray trend line.

Tuesday — February 28

Price on the gray trend line rises up, punches the blue line the canal and fighting off the purple trend line, there is a breakdown of gray trend line down, but within the next hour, the price returns above the gray trend line. Day closes above the purple candle purchase trend line.

Wednesday — February 29 (closing day of the month)

Price continues to move slowly upward, almost rewrites a maximum of 24 February and just as slowly descends, forming with the «double top» on the H4 — Divergence MACD. There is a breakdown of the purple trend line down, it retest the bottom-up, and eventually the breakdown of the red trend line drawn through the last minimum. At the level of 23.6% Fibonacci of the upward movement with a minimum of 16 February level of 38.2 +% Fibonacci with a minimum of 21 February. But the all-clear we do not get up and the price is slowly but surely falls on the day closes at 50% of the traffic with a minimum of 21 February confident sales of candles, candles that rewrote the last 3 days down.

Month closed still buy candles, but not at maximum, but with a slight pullback down.

Analysis of EURUSD for the past week - February 27 - March 2, 2012

Thursday — March 1 (1st day of the month)

After a slight roll back up — to a level of 23.6% Fibonacci of the recent downward movement, there is a retreat back down and the price falls to a light pink long-term trend line, but only with the 2nd attempt it happens retest retest level + 61.8% from the upward movement with a minimum of 21 February + 38.2% of the upward movement with a minimum of 16 February + 23.6% Fibonacci of the upward movement with a minimum of 16 January 2012. In spite of this important resistance level, hang up was not very big — a maximum of 23.6% Fibonacci of the last move down. Day closed candles uncertainty.

Friday — March 2

Price bounces back down from the 23.6% level of Fibonacci down and slowly but surely breaks the long-term trend line of light pink color. There is a census of low yesterday. The graph formed by the broadening formation. But the price of trying to fight off the bottom line of this formation, yet it breaks down. Price drops to a minimum 21 February, but rewrote it, and closed with a confident day of the sale of candles.

Week closed again assured the black candle sales, which is almost completely consumed the previous week, candle white!

Forex EURUSD forecast for next week: 5-9 March 2012.

And so, judging by the close of last week, the preference for transactions on sale of course is, given that the price is below the light-pink long-term trend line, the previous week’s candle is almost absorbed by the black candle. But the price is still trading in a lilac background uplink channel. By this rule, and shopping options just can not!

Now let’s look at more options forex signals for buying and selling.

Forex EURUSD forecast for next week: 5-9 March 2012

Deal to buy:

1) 1.3170-1.3157 (38.2 + 61.8% Fibonacci of the ascending motions) + bottom line is purple background channel. Stop-loss orders are placed for the next Fibonacci level — 1.3080-1.3040. Profit — light pink long-term trend line, the levels of 38.2, 61.8% of the downward movement of the last census of the maximum on 24 February, the level of 1.3507, and then according to the levels of past forex forecast.

2) The gray line is the lower of the uplink 1.3170-1.3157 + level (38.2 + 61.8% Fibonacci of the upward movements). Stop-loss is the same, only the first goal of profit — retest the bottom-up wallpaper Violet Canal, and then under paragraph (1) for the purchase.

3) Break down the blue channel, and small as possible retest of its bottom-up. Stop-loss — below the level of congestion Fibonacci 38.2 + 61.8% + of the ascending motions gray line of the channel. Profit — light pink trend line, and then under paragraph (1).

4) The level of 1.2955 (61.8% Fibonacci of the recent upward movement). Stop-loss below the purple trend line of the expanding triangle, and if possible below the level of 76.4 from the last upward movement. Profit — the gray line of the channel, the background channel, light pink line is the trend to continue in accordance with paragraph (1).

5) Purchase of the purple line of the expanding triangle. Stop-loss orders and profits — are the same.

6) Accumulation levels: black line with a long-term channel + channels + the green line is a long-term red line of the channel. Stop-loss — below the long blue line of the channel bottom. Profit — retest purple line of the triangle, the important Fibonacci levels from the last down, retest the gray line of the channel and then under paragraph (4).

7) At the close of the day, but better and weekly candle above the long-term accumulation of the channel lines: the upper blue + pink + dark purple and the level of 1.3626 (the level of 61.8% Fibonacci of the total downward movement, with a maximum of 4 May 2011. Stop-loss — below the important Fibonacci level of the upward movement. Profit — long green line of the channel.

Deal to sell:

1) with bottom-up retest the bottom line broadening formation on H1 + possible retreat from the blue line inside the channel. The purpose of profit — the lower boundary of the channel background, the gray line of the channel, 1.2955 (61.8% Fibonacci), purple line is expanding triangle, the long-term black + green + red line of the channel long-term line of the channel. Stop-loss — above the blue channel + as possible above the level of 1.2325

2) the possible long-term retest light pink trendline + is an important Fibonacci level of the last downward move. Although the importance of this line though is, but nevertheless reduced. Stop-loss — over the next important level of downward movement. Profits — the same as for transactions in paragraph (1) for sale.

3) The level of 1.3507 — a level 38.2% Fibonacci of the downward movement, with a maximum of 27 October 2011. So it could be a dark pink retest the trend line. Stop-loss — above the blue line of the channel long-term and possibly even higher than the 61.8% Fibonacci of the total downward movement, and even a purple long-term trend line. Profit — the important Fibonacci levels from the last upward movement, light pink trend line and then under paragraph (1) for sale.

4) Sales at the close of H1-H4 candle and possibly retest the background of purple and gray channel channel bottom-up. Stop-loss — over and above these channels are important Fibonacci retracement level from the last downlink. Profit — the level of 61.8% of the total of the last upward movement, then the purple line of the expanding triangle, black and green long-line of the channel.

5) Closing of the candles and retest opportunities in a bottom-up purple line of the triangle. Stop-loss — over the next important Fibonacci level, profit — black + green channel line.

Here I think the price for this week will not go away, is this on this week’s goals and resistance levels for the price specified. Just do not forget to monitor the situation during the week and comments on this forex forecast.

  • Download Template for MetaTrader 4 forex trading forecast for this for EURUSD — 4_03_2012_eurusd.tpl

To install the template, MetaTrader 4, you will need to unzip it first! If you get off the trend line, the channels on the forex market open on Monday — to tinker with their own, according to the images in this forex forecast forex and video projection!

Original: Forex forecast EURUSD (5-9 March 2012)

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