EURUSD forex trading forecast for the next week — 26 — 30 November, 2012, based on the rules and graphical analysis of forex strategy forex website
As always, we analyze the closure of the week on important price levels (trend lines and channels) in the chart of EUR-USD.
1) The week closed a confident buying candles, almost to the maximum candle.
2) Friday also closed candles shopping zone clusters Fibonacci 61.8%.
Based on this, there is still a priority purchase, but recoils and corrective movements are possible.
First of all, we should pay attention to the fact that next week will be closed on Friday, November month. Therefore next week are possible different «surprises» and trend reversals among the day (eg Friday) and the week of important resistance levels for the price.
Options resistance levels above the closing price of the week:
1) Price on Friday went to the brown line of the channel + 61.8% Fibonacci correction of the movement, with a maximum of 17 September 2012. This level is still level prices rebound or stop at a minimum, so after the market opens on Monday, it is quite possible backlash, if there is no market opening with a gap.
2) The green line channel long-term + long-term trend of the blue line (shown in the charts above H4). From this level is quite possible hang down, although I guess that the price still may well try it.
Hence the breakdown of these lines + daily close above them retest + top-down — a signal for the transactions for purchase!
Just as I was very interested in the closing weeks of the candles, on these lines, and given that Friday will be closed month, and monthly candles!
3) The blue channel line that resembles the shape Flag + ABC.
When prices approach the line, it is possible to hang it down (as it is still the third approach is the price), just interested in closing day candle on this line. Lights out is possible and will be temporary as I assume that the movement may well continue to the black line of the channel and the census up to 17 September. Closing of the day above the blue channel + retest it up — a buy signal for the purpose of: a black long-line of the channel and the census up to 17 September.
4) The black line channel long-term — it is a serious line and the closing of the day, week, regarding her and give the signal for the further movement of the market. On this level there is also a level of 38.2% Fibonacci blue (from the downward movement of the whole, with a maximum of 4 May 2011). On this line the channel and Fibo also recommend to take profits from purchases (at least partially).
Sample and the closing of the day and the week above this trendline + retest its top-down — a signal to buy.
5) Brown trend line (its retest) — aim for the movement of the price break above the long black.
Options and resistance levels on EURUSD forex signals for prices below the closing price of the week:
1) The brown line is the trend — as we approach the top, it is quite possible hang up, as it is the third approach to the price of the channel. + Line break and retest its Fibo level, for example — a signal for the sales.
2) retest the pink trendline + level of 61.8% Fibonacci retracement of green (if no census Friday’s) — it is quite possible hang up. Trend line break + retest its bottom — the signal for the sales.
3) 38.2% Fibonacci retracement of the up move with a minimum of 21 November 2012 (on the blue line of the channel).
4) retest purple upper channel line + the level of 38.2% Fibonacci orange color with a minimum of 13 November 2012 — consider options purchases. This breakdown of the channel + it retest — consider selling.
5) The black trend line (third approach price) + level of 61.8% Fibonacci purple — consider options purchases. Break the black line + retest it — consider options sales.
6) lilac retest the trend line level of 61.8% + orange — consider options for shopping! Break of lilac, a daily close below it and retest — rassmatrviaem sale.
7) The blue channel line (bottom line proposed flag) — interested in is closing day on this line, and better week! Closing the sliding door stop spark up — consider buying, breaking down, closing the day below it and retest the bottom-up — a sell signal.
8) Orange Line channel background. Just interested in is closing day, with respect to this line of the channel. Close above — I think can be rolled back up, at least temporarily. Break down, closing the day and retest of the bottom-up — consider further sales!
Next resistance levels do not see, because I think that for the next week, that is enough …
Download a template for MetaTrader 4 for EURUSD — 25_11_2012_eurusd.tpl (template in the archive. If the trend line does not coincide with the schedules of the forecast, then reformats them according to pictures in the forecast)