Dear traders, I suggest you my version of the forex forecast for EURUSD currency pair to the next trading week — September 3-7, 2012, which is based on the rules of graphical analysis of forex:
I recommend to set the pattern for this prediction to choose Forex Broker with MetaTrader 4
By analyzing the close of the week and the month of August, on important price levels for the EURUSD:
1) On Friday closed a month August 2012 white candles.
2) The week closed also white combination, but with interchangeable tails above and below.
3) Friday closed white combination, but with a tail on top, so there may well be rolling back down.
Consider options of price for buying and for sale.
Important resistance levels for prices that are located below the closing price of the week:
1) Orange + trend line level of 61.8% Fibonacci of the up Friday. When approaching from the top — may otboi up. Break down the line resistance + retest it — the signal for making deals to sell.
2) The black bottom channel line level + 61.8% Fibonacci of the whole movement up last week. Approach from above — may otboi up + it is also the third touch this price resistance line. Line break down and retest the bottom-up — consider options sales.
3) Bottom line blue background — Most otboi possible, but still temporary, as the main priority, I believe it will be for sale, so retest of the channel bottom up — consider options sales.
4) The level of 38.2% Fibonacci retracement of green with a minimum of 20 August.
5) The brown line channel bottom — top approach — consider buying, breaking down + retest — sales!
6) 38.2% Fibonacci retracement from the low of July 24, 2012 — It is possible otboi up. It is quite possible that this approach matches the purple channel, and thus increase the probability of rebound.
7) Channel + Purple dotted red channel.
8 ) The dark blue line is the channel — it is quite possible retest and it is quite an important resistance level for the price. For this reason, retest the line from the top down — we buy, breakdown and retest of the bottom-up and consider options sales.
9) retest of the upper line of the triangle of pink background — the first goal after the break dark blue channel. Similarly — top approach — looking up kickbacks, breakdown — further downward movement.
Variants of the resistance to movement of the price above the closing price of the week.
For upward price movement of EURUSD there are many important resistance levels + still closing weeks and months, we got below the 38.2% Fibonacci of blue, with a maximum of 29 February 2012, to it I guess that after all rollback down may well be, but if the price after rollback or just go up, the resistance levels are:
1) The upper limit of the channel + purple upper limit background blue channel. Hang up down all the same is possible with the approach to the line, but the possible breakdown. If there is a breakdown and retest purple line and preferably a daily close above this channel, the fastest upward movement will continue.
2) Next, we are interested in the accumulation of the following lines and trend channels:
a) purple trend line
b) The blue line channel H1-H4 chart
c) The upper brown line channel
d) The black upper channel line
Of these lines in the next week for sure I would recommend only consider selling.
If the price breaks the first blue line pipe to the end of the week, it is possible to retest and at the close of the day to review and purchase. Although the goals are not as far — red long term trend line.
3) The long-term trend line is red — the approach to it, is regarded as a signal to sell, but we are more interested in is closing days and weeks about her. But if it does happen breakdown, closing the day retest of the top-down and hang up, then I think you can consider buying.
Did not consider further options transactions and resistance levels, because I think that for a week fastest price rises above these trendlines …
Download a template for MT4 forex forecast for the euro-dollar — 2_09_2012_eurusd.tpl (this pattern is first necessary to extract and place in MT4: If you «get off» trend lines, channels, reformats them according to pictures in the forecast)
