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.