EURUSD Forex Forecast (December 31, 2012 — January 4, 2013)

Dealing Center NordFX

EURUSD Forex Forecast December 31, 2012 — January 4, 2013, based on the rules of graphical analysis of forex strategy and graphic patterns of this site

First of all in this New Year’s Eve forecast forex want to congratulate all the visitors of this site (beginners and professional traders), subscriber, customer, and your loved ones a Happy New Year!
And to wish you:

  • Necessarily good health (as only healthy trader — the trader is a winner)!
  • Success in personal life and in your career (whether trading or any other activity)!
  • Well, of course not paying attention to all possible talk of a crisis and etc., only to increase their capital and their well-being!

And also I want to thank all of you for leading and congratulations …

Well, in spite of all the holidays and the fact that many of this prediction, and not need it, I did it to the public, although it is quite short.

Recommend to choose a broker with a forecast of trade analytical platform MetaTrader 4

Policy brief on EURUSD over the last week:

1) The week closed with a small white candle body and tail on top, although the closure of the week we were still above the close of last week

2) Day Friday to close the black candle with a long tail at the bottom.

In principle, it is not surprising, as the chart pattern formed — a symmetrical triangle

It should not be forgotten that the 31.12 — 01.02 trade in the market will be limited to:

  • 12.31.2012 (Monday) — early closing at 19:00 GMT +1 (22:00 Moscow time).
  • 01.01.2013 (Tuesday) — markets closed.
  • 02.01.2013 (Wednesday) — the beginning of the trading session at 08:00 GMT +1 (11:00 Moscow time).

Time course at different brokers may vary, but still about it and should hold!

On Monday, we will get a month and the year 2012 respectively!

At this point, the monthly candle (top white on the right) as follows:

White candle with equivalent tails above and below, that is expected to spark a purchase.

Annual candle (in the chart above — painted green candle) — this candle closes above the fastest dark blue trend line and the long red long, with candles purchase!

Certainly in the last few weeks might be some surprises, but I think I will do without them. Still, the basic positions of large investors, I guess, are closed.

In any case the variant of the resistance will be discussed below, and the trade or not — it is up to you …

But do not forget that if you’re trading, and it is desirable to be careful!

Variants of the resistance, located above the closing price of the week:

1) Friday closed below the trend line is green, which is held on the low Monday-Friday, there was a retest it for sale, but I think that is one possible retest retest + purple trend line, if the market suddenly will not go above that line or not open to gap on Monday. Therefore, from this line can be considered variants of sales at least to the bottom of the triangle. Although this line is not particularly important.

2) The upper boundary of the triangle — this third approach is the price so otboi down can occur if they are not sharp and the price will go down, then wait for the breakout. Break of the upper boundary of the triangle + retest its top down — is perceived as a signal for further purchases.

3) The gray border of the rising of the small channel can certainly give some lights out, but I do not particularly consider. If this is one of the lines coincide with the census maximum of 19 December, that can be rolled back down to at least retest punched triangle. The more that the divergence on MACD H4 brewing!

4) The upper limit of the rising dark pink channel. Although this is the 4th price approach, but still roll back possible! Especially if this level coincides with the 50% Fibonacci retracement of blue!

5) 50% Fibonacci level

6) Brown Line Channal.

Options for price resistance levels located below the closing price of the week:

1) The lower boundary of the triangle — is available as hang down at the approach. But still most likely breakdown of this line and further downward movement, at least to the border opposite the orange channel. Hence the breakdown of the trend line down and retest accept as variant signal to sell.

2) The lower boundary of the channel orange + 38.2% Fibonacci light green + lower bound of dark pink channel. This level is important, in my opinion, and on how to lead the price of it and closed the day on these lines and depends movement up or down. Lights out up very likely, but if the day day closes below these lines, then retest of the bottom-up dark pink line the channel, we consider options for sales!

3) The lower boundary of the orange channel, if the price does not come up to him on Monday, the approach above — consider buying the sample and retest the bottom — consider options sales.

4) The black line + channel long-term retest flag background blue channel + 38.2% Fibonacci + dark blue trend line is long — just interested in closing days of the week, on these lines! For more details, refer to the past forex forecast for EURUSD.

Next resistance levels are not considering, as they are also described in detail in the last forecast.

Download a template for MetaTrader 4 on EURUSD: 30_12_2012_eurusd.tpl

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