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.
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| November 26- November 30 Fibonacci levels and Elliot waves in Eur/Usd H4 |
EUR/USD H4
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| Weekly Forex Forecast Euro to Dollar from 11.26.12 to 11.30.12. Time frame H4. |
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| November 26 - November 30 Weekly Forecast EUR/USD. Time frame H4. Chart in upscale size. |
Attention:
1.3000 very strong psychological level. And Forex pair Euro to Dollar`s price can not break through this resistance level. Be careful when you start to trade in Forex market.
Forecast EUR/USD FOREX blog - personal informational educational blog all about the foreign exchange market.
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