December Forex Forecast EUR/USD. Update3

Forecast Euro to Dollar Forex Market in December.

Forex indicators: EMA, Elliot waves, Murray levels, Fractals, Fibonacci Levels.

Levels Murray Math, simple and exponential moving averages 233, 89, 55.
Exponential moving averages are in the middle price Euro to Usd Forex Pair. All my EMA  are under price in time frames H1, H4, Daily. Exponential  Moving Averages are in a mixed state in the price.

From 3 December to 7 December 2012. Just looking screenshots.




EURUSD H1

Divergence on the December 5 on the Forex pair Euro to Dollar. Timeframe H1

Add Forex Forecast on the Euro to Dollar from December 3 to December 7. Almost all waves from Elliot will be done. Because we looking aggressive uptrend. Nothing more all moving by Elliot and classical low. But the moving Euro to Dollar will be  less. We will see all 5 waves Elliot and right moving averages like a 55 89 and 233 EMA under the price. After First wave by Fibonacci we see second wave from 1.2830 and third wave from 1.2750 to 1.3100 Almost 270 pips.  We will correction and creating fourth wave from 1.3100-1.3150

We can see divergence in the MACD or another oscillators. We can see Divergence on the H1 and H4 time frame. Look. Perhaps the Divergence on the chart will show us falloff bull move up. The main direction of the currency pair price will depend on the strength of the correction to the first wave. The red lines indicate the approximate direction of correction after the strong upward movement. Unfortunately accurately predict the magnitude of the correction is not possible, because it depends on many factors. Approximate decline of EUR dollar may up to Level 1.3000 or less to 1.2850. I would remind you that the level of 1.3 - is a very strong psychological level. Price of a currency pair is sure to be touched or to cross this level several times

Euro/Usd Weekly Forex forecast. Time frame H4. On the chart with an update period 4 hours we found a divergence. If you look on this chart on the last moving MACD and Chart, you will see divergence. 

Probably will produce a new channel up as the third wave of Elliott. In my opinion, Elliott is the first wave from 1.2041 (at July 24 2012) to 1.3171 (at September 17 2012) Elliot second wave from 1.3171 (at September 17 2012) to 1.2660 (at November 13 2012) and the Elliot third wave begin from 1.2660 (at November 13 2012) and will probably end 1.3540 (Short Target) or 1.3877 (Target medium ) or 1.4246 (target high long position)

Fractals: Resistance levels  1.300 next 1.3140 next 1.3170 1.3450 and probably long 1.3900

Murray levels: Daily Ground level Eur/Usd is 1.3184. higher levels Murray are from 1.3670 to 1.3900





EUR/USD Daily on December.

The Fibonacci level indicate the value of 50% of the previous wave by Elliot. 

Maximum line (red lines) from Murray also show ending the up and a possibly beginning of a correction. All moving averages are below the price of the currency pair. However, a mix of currency pairs shows us that the change of direction to be finalized. An alternative scenario considers the motion euro dollar in the horizontal direction

Trend line in December, by my mind, will be directed upward. The reason directed upward trend - rotation 180 ° after fractal at the point 1.2660. But Forex pair euro to usd must break some fractals 1.3140 and higher.

Euro to Usd on December Forex Forecast. Monthly forecast.

If you carefully consider the chart of the currency pair you'll find an expanding triangle from Cornelius Luca. But as the final movement is impossible to predict exactly at the moment should continually monitor the Foreign Exchange Market. Divergence and moving averages as well as channels (Equidistant Channel) and Fibonacci levels show us the probable direction for the currency pair. In order to properly take a position in the foreign exchange market should consider not only the graphics and graphical analysis but also fundamental analysis including economic performance and financial market news.

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

EUR/USD November 26 Daily Forex Forecast

Euro to Dollar at November 26. Daily Forex Forecast

Eur/Usd H1

Channels 

In the H4 time frame Last channel was as a downtrend, however in the H1 Forex pair EUR/USD has uptrend, almost complete.  

Elliot waves

Elliott waves practically formed on H1 timeframe. 

The First Wave has a value from 1.2650 to 1.2830. Second Elliot wave has a value from 1.2830 to 1.2740 (However, in the second wave in the theory should not cross the first wave of more than half of the first) EURUSD November weekly forecast

November 26 Euro to Dollar Forex Daily Forecast. Technical analysis. Time frame H1. 

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

11.26.12 - 11.30.12 Eur/Usd Weekly Forecast.

EUR/USD H4 From November 26 to November 30. 

Chart Weekly Forecast.

Technical Analysis: 

Used indicators
MACD, Elliot Waves with included Fibonacci Levels, Exponential Moving Averages, Murray Levels, Channels and Fractals and some hidden indicators.

MACD
Fast MA is higher than zero point and now red MA is + 0.00100. In the future in the future we would expect Divergence if price can change  its position, and We can sell if red Fast MA will be lower than zero - this is alternative version of events in the forex market . If no - Forex pair EUR/USD can continue upward movement. I posted earlier month forecast here.

And we will have next targets. 1.3140,  next  1.3180, and next 1.3300 This targets are in chart`s time frame H4.

Fibonacci Levels and Elliot waves
 In my opinion we will have third wave at November 13, it depends on Fibonacci levels because the price Forex pair Euro to Dollar dropped to 1.2650 (almost 50% (1.2600) after first wave (1.2040-1.3170))

EMA or SMA
We used next exponential moving averages 233 red , 89 yellow, 55 white. In time frame H4 all these moving averages are under  the price Forex pair. The next step - the correct location of a moving averages of the price of the currency pair. First 55 white than 89 yellow than 233 red (probably).

Murray Math levels
On the period updates chart at 4 hours the price is above the zero zone (line green at 1.2820) The price Euro to Dollar crossed negative zone and reached the mark 1.3000. Positive zone by Murray Math is 1.2940 - 1.3000

Channels
Channels are displayed on the chart as slanted lines. The latter channel pointed to a downward trend and the second wave of the Elliott law. Now will be new channel in uptrend.