November Eur/Usd Forex Forecasts

From November 5 to November 10. Forex Weekly Forecast for Euro to Dollar.

Financial News Store.

6 November - 57 United States presidential election. Who will be the next president of the United States? Barack Obama or Mitt Romney.
Also on 6 November will be Elections the United States Congress.
Reserves of oil and some economical indexes.

FOREX Chart Eur/Usd on 6 November.

Of the currently Euro Dollar chart looks like this.

Add Chart Eur/Usd on November 6 Time frame H4. The Forex pair Euro to Dollar moved to the lower boundary the horizontal channel. The value of a channel are from 1.2750 to 1.3170 Price movement of EUR dollar greatly changed during the presidential election. False positives are possible.

Since the last time my review, as it turned out, I chose the right direction and make a deal to buy. But at the moment I'm not exactly sure whether to continue the upward movement of the currency pair Euro to US Dollar. I think the best move down because Fibonnachi levels reached their limits. Look at following charts Euro to Dollar.

The global trend is the horizontal direction. However, if I would consider short trades, I will trade up. Fibonacci levels indicate a possible move down to a value of 1.2800 or less. I'll remind you. The boundary of the flat is a very broad horizontal band. The upper value of the flat on the euro dollar is approximately 1.3200. The lower value of the flat on the euro, the dollar is about 1.2800

Let's see another currency pair chart. 

The Euro to Dollar graph with scale, we can observe the motion the currency pair to extreme levels Murray. The MA and Simple Moving Averages are preparing a reversal. If they turn in the right proportions - it means that the trend of the currency pair may be up

Add On a slower schedule H4 Eur-Usd currency price movement occurs in a horizontal channel. Moving averages SMA 233 SMA 55 and show faster - convergence to each other. Price of a currency pair is below the green neutral zone levels Murray. If you think you will open a Order for a long period of time, then you should wait for the trend of horizontal direction (flat)

Technical analysis indicators such as EMA and SMA shows the downward trend in the timeframes H1 and Daily. You can see it if you show the chart Euro to Dollar moving average SMA 233 SMA 55 SMA 21 and others fasts MA.
An increasing number of FOREX Traders are beginning to open their Orders especially in the currency pair Euro to Dollar. This is a sign that we should be at the ready  in time and discover the right deal on the Forex Pair Eur/Usd.

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All About The Foreign Exchange Market.

FOREX Forecast. Euro to US Dollar 30 October

Today Forex pair EUR/USD is moving in downtrend. In the next step probably turn around to uptrend. Because EUR-USD chart has divergence and correction. On the next week I think Forex pair will be up trend.

I do not know how much Hurricane Sandy impact on the U.S. economy

I can say for sure - this hurricane will affect in the FOREX and affect in my trading. If we look at important events in the calendar of events, we see the news in the USA the number of unemployed as well as some of the economic indices of the country. Open positions traders several brokers show the relationship to the sale of 2/3 and the relation of traders to purchase a 1/3 of the currency pair EURO-USD. See the Calendar Of Events on our blog.

On this chart, we see a divergence between the currency pair and the MACD. Usually divergence shows us the future changes of direction the currency pair. This chart may contain false divergence. As for the correct prediction is not enough evidence of divergence. We have to take into account other's indicators such as moving averages, levels and levels Fibonnachi Murray. We also need to determine the wave Eliot.

Independent FOREX Research is a personal informational educational blog all about the foreign exchange market.


Usually work in a horizontal channel is trade within the boundaries of the channel. Currency, the euro dollar is able to trade in a horizontal channel for a short time, after which the pair will once again be the rapid growth or decline. Once again, I want to remind you you open after the event calendar view of the FOREX market and open orders of other traders. All this information is available on this blog on the right section.

FOREX Forecast Weekly EUR/USD Chart from Oct 22 to Oct 27

This week in Forex for the EUR/USD pair shows as a slow movement. I hope after this moving we can await big trend. In this moment are minor fluctuations in the form of the horizontal flat. Elliott wave analysis explains this slight movement the currency pair Euro to US Dollar. The second corrective wave towards the first down until the very low value of 23%. Here are some screen shots of graphical analysis chart 

EUR/USD H1.

Chart Eur/Usd H1 Divergence and deep correction to 23% from first wave. Price in 0 line by Murray Math.

EUR/USD H4:

The More slow time frame H4 show us another situation. See here Euro to Usd charts.

This chart has a horizontal Flat and correction after big UpTrend  to 23%-32% from of the previous wave. It is possible to further moving up.

Independent FOREX Research is a personal informational educational blog all about the foreign exchange market. Previous forecasts see here and here