Forex Forecast EURUSD (9-13 April 2012)

Dealing Center NordFX

EURUSD Forex forecast for next week: 9-13 April 2012 detailing the levels of resistance for the price

Before you make a forex forecast, pay attention to the close of the week:

1) Sunday closed black candles, whose body has absorbed three white candles almost completely.

2) Price is trading below the rising trend line of black, hence the priority for sales there.

3) But in practice all week and the price dropped almost without correction, with the trend on the daily chart still has upward, so buy as possible as korretsy that are below the black trend line can be interpreted as a signal to sell.

Now let’s take a closer look at the signals for purchases and sales for the forex signals.

Transactions on SELL:

1) Given that the price actually moved down a whole week without any corrections and broke the black trend line upward, then I would recommend to consider options for sales in the retest of the same trend lines + 38.2% from the last downward movement — 1,3160-1,3168 . Stop-loss — over the next Fibonacci level — 50% and possibly above the upper trend line of black (top-down). Profit — the census of last week’s low + blue trend line is lower, 1.2955, purple line the channel bottom, the red trend line is a long-term.

2) Given that the price at this point is actually traded in a symmetrical triangle, although it is possible and is only a temporary figure and the next week and will be broken and I’m more inclined to breakdown it down and move to the bottom line of the violet channel, but all the same shape we can see, it can only important trend lines, and therefore the breakdown of the bottom line of the triangle (blue) + a possible retest of its bottom-up paves the way down. Aims to profit — the same as in paragraph (1) for sale. Stop-loss — above the Line the bottom of the triangle + is an important Fibonacci level of the last downward move.

3) End of the long blue line of the upper channel + all signals from trend lines and channels are above it — the signals are described in the past forex forecast, therefore, to describe them here will not be reused.

4) Downward line of black + level 61.8% Fibonacci of the recent downward movement in the background triangle. Stop-loss — over the next Fibonacci level. Profit — the bottom line of the rising black and then under paragraph (1) for sale.

5) The top line of the symmetrical triangle (purple trend line), the stop-loss — above the high of March 27, 2012. Profit — the black trend line downward, and then under paragraph (4) for sale.

6) The breakdown of the day and closing below the lower channel line and the purple, it may be retest — with sales of stop-loss — above the important Fibonacci level of the last downward move. Profit — at least long-term trend of the red line, green line channel, blue channel line.

Deal to BUY:

1) Break and closing of the day or at least the H4 candle above the following trend lines and possible retest of the important Fibonacci level + gives signals for entry into the market to buy:

- The upward trend line in black

- The downward trend line in black

- The top line of the symmetrical triangle (the top line of the violet channel)

Stop-loss in all cases lower than the next Fibonacci level of the last uptrend. Profit — the next resistance level + next: Blue top line of long-term channel, blue channel line, gray, dark pink trend line and green line is the upper channel.

2) According to the signals to buy — anything above the blue line of the channel of the upper term — just look past the forex forecast (for the April 2-6).

3) Should I buy from the bottom line of the blue channel — a controversial issue, I still think that the price he is prepared to break down, so the purchase can only be formed if the divergence of the MACD on the range H4 + H4 and bumper candle or day. Before, I probably would not buy. Stop-loss, if it does conclude this deal — below the blue line and below the sliding door stop shaped candles. Profit — the black trend line is rising, the black trend line is downward, the upper line is the background of the triangle, blue line of the channel and then under paragraph (1) for purchases.

4) You may purchase from:

- The level of 61.8% Fibonacci — 1.2955

- Bottom line of the violet channel + level 161.8% Fibonacci of the recent upward movement + on the possibility of divergence of the MACD (if any)

- Red Line long-term trend (see previous forex forecast)

- Green line channel long-term (also see last week forex forecast)

Stop-loss — for the next resistance level below the purchase price

Profits — the next resistance levels towards the all-clear + more under paragraph (3) for purchases.

Smaller goals and points of entry into the market yet do not see, because you want to watch on the situation in the behavior of the price and do not forget to build in the course of the price movement and as a result — to find these points of entry into the market and profit, including partial.

  • Download the template for this MetaTrader 4 forex trading forecast for EURUSD8_04_2012_eurusd.tpl

Do not forget that to set a MetaTrader 4, you will need to unzip it first! 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 and the forecast forex video — it will give to them, and prognosis.

Original: Forex forecast EURUSD (9-13 April 2012)

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Comments (1) on "Forex Forecast EURUSD (9-13 April 2012)"

  1. […] 2) All that is above the top line of the triangle (purple line of the upper channel) will not be considered, as these options transactions are fully described in the past forex trading forecast for the week. […]

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