April GBP/USD Current status with technical analysis

In this moment currency pair GBPUSD has uptrend after small correction like a horizontal channel. We described this channel on screenshot. Murray Match indicator displayed maximal levels in zone 1.5488-1.5570 Levels of Fibonacci displayed that price GBPUSD has not third wave but just correction wave. If this correction will be continue it will be third wave. But right know we can see divergence between chart of GB/USd and Default MACD. All our SMA is under chart and show us upward direction. So strong up candle during news can be instigate to open order to BUY, but we will not do it. Because after strong candle will be correction down. And only after this correction we can open position. In this moment open positions ratio is 55/45% And also this movement has correlation same as a 3 month period of time.

GBP/USD H1 Time frame:

Current status on GBPUSD

Current situation on GBP/USd H1 timeframe with technical analisys 

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EUR/USD Daily Forecast by MaximTr. Current situation

Too much news about increasing Euro zone crisis. You can find it on section Calendar of Economic News. How about economical News in USA? Compare it!

Welcome ladies and gentlemen traders. Today, we will analyze and discuss the current situation on EUR/USD we talked about earlier published information in this article EUR/USD April FORECAST. Will see some screenshots. So it was so strong movement down on the almost all main currency pair. New-York session almost close and we can describe current status with technical analysis. After New-York Session all movements almost Dead. Right now in the Tokyo and Sydney Session we may miss. Needs look only from London session and we hope we can find some correct direction for us.

EUR/USD H1 Technical Analysis and Daily Outlook on April before Downtrend.

Alternative scenario. The currency pair was down to level 1.3020 and after that we think it go to level 1.3200 for second chance to broke resistance level 1.3200 This screenshot was before current situation on the FOREX. 

Independent FOREX Research is a personal informational educational blog all about the foreign exchange market.
So, Down trend was began at April 17 at 10.00 am and First Down Fractal was created at 7.00 pm at the same day. MACD technical indicator displays minor levels with crossed zero point.

Current situation on EURUSD pair with Technical analysis

So, First what we will see it will be levels of Fibonacci and Waves by Elliot.

Example of Current situation on EUR/USD on the April with wave theory by Elliot and levels Fibonacci

Technical Analysis of the Current situation on Euro to Dollar:
After touching level 1.3200 (strong psychological level) price of currency pair was dropped to level 1.3020 or lower. In this zone our Levels of Fibonacci show correction after uptrend around 62-50% All main simple averages was crossed price of Euro to Dollar.

By Bollinger Band level of session distance of EURUSD currency pair is calculate as a 220 pips. It is was big movement on New York session and after that we We expect to continue the upward trend.

Our recommendation about future movement of EUR/USD Forex pair. If price will not be lower than level 1.2970 we can open order to BUY with profit factor 1.3400. But it will be open position after strong correction down. If price of currency pair will lower 50% from first way we can open order to Sell. Current situation on the FOREX right now more look a like expanding flat. Be careful during trading today.  We recommended open position on the London Session after creation Fractal. This is like protection our future positions on the EUR-USD, because after creation this Fractal we can identify trend`s direction.

Last screenshots from Tokyo and Sydney Sessions:

Euro to US Dollar hourly time-frame:

Example of Current situation on Euro to Dollar on April with technical analysis

Euro to USD Dollar Four Hours timeframe:

Example of current situation and Daily Outlook on EUR/USD on the Tokyo and Sydney Sessions.  

If we calculate last correction from big down trend on H4 timeframe we can find corrections levels on the H4 timeframe it will be next levels:
1.3115
1.3230
1.3340
Euro to USD Daily time frame current situation:

Euro to Dollar current situation and Daily Forecast on Daily timeframe with technical analysis. By dotted line we marked probably future direction

April 15 - 19 Our Weekly Forecast EUR/USD with technical analysis

Hello every one, today we are looking on the EUR/USD currency pair after flat on the hourly time-frame  Before this material we published information about strong Resistance in the level = 1.3100. But later price of EUR/USd pair with strong movement go up to level 1.3200. So, next level of Resistance will be 1.3200 and after that level of support will be 1.2988 And if price of EUR/USD will break resistance 1.3200 it can go up to level 1.3350 or higher.

Our opinion about future movement on the EUR/USD on April third week.

Technical analysis:
Bollinger Band technical indicator:
Bollinger Bands show us that this uptrend can be continue because channel from lowers and highers levels has same distance like a around 100 pips. When price is strong growing up from April 4 we so uptrend as a first wave and right now we see not finished creation second wave.

Channels and other indicators of technical analysis. 

Theory of Waves by Elliot.
First wave how we think began from April 4 and finished  April 11
Second wave began from April 11 and finished April 15.
Third wave probably will be created after finished second wave on the level of currency pair equals 1.3030 We will expect 5 waves model of trend.

SMA
All our simple Moving Averages still under price of EURUSD and it is good for us and for other Traders, who open positions to BUY this currency pair. Remember you we used Simple Moving Averages with period SMA 5 SMA 21 SMA 55 SMA 89

The indicator of Technical analysis Murray Match shows that price is under red lines, almost finished for uptrend. By this indicator price of Euro to US Dollar can move up only to level 1.3245, not higher, because all maximal lines end of this level.

We think that uptrend will continue move only to April 18, but in this period of time if price will grow up, it can up to 1.3480

Alternate rout card for EURUSD - will be move down to 1.3030, and after that again growing up.
We did not find right now Divergence on the MACD that told us that we expect profit from our orders to BUY.

The Zig-Zag indicator shows us created first and second wave by Fractals and open another order to Buy with profit. After this strong movement needs for chart eurusd small correction for continue move.

MACD is still cross price of EURUSD and it is over Zero point. That is another proof our opinion about uptrend after flat. You can see chart on the real time here 

How we discussed earlier here Golden- rules-of-day-trading-strategies Do not open opposite order for Sell if your order was closed by Stop-loss on the uptrend.   Better if you will open same order with higher protection, for example with distance 100 pips and lower lot. We hope help you to find right decision about trading on EURUSD in this Difficult time. For this moment traders opened positions on this pair in 60/40 and 30% have open orders of all deals on the Currency pair Euro to US Dollar.
FOREX Forecasts with training materials for traders is a personal informational educational blog all about the foreign exchange market.

Seven Golden Rules of Forex Day Trading Strategy.

FOREX Rules for Traders working with strategy of Day Trading (Short Term Strategy). 

for off line reading Seven Golden Rules of DayTrading.PDF

What is Day Trading strategy on the Foreign Exchange Market?

We represent to you some rules of Day trading Forex strategy for beginner and professional Forex traders. This strategy of Foreign exchange Market realize by trading in short term period, around no more than one trading day. Usually traders operations by Day Trading strategies take some hours.

Forex Day Trading strategy is aggressive style of earning money in short term period. In working hours traders are opening a lot of orders in different or same currency pair.

For example Day Trader can open some orders on the EUR/USD and at the same time open orders in the another pair.

Day Trading strategy take from traders requires careful attention. During working hours traders all time must check changing market conditions such as signals from technical indicators of Foreign exchange Market and financial news. For working on this strategy Day traders usually use time frame in the trading terminal one minute, five minutes, fifteen minutes, and seldom - one hour. Generally Day Trading in The Forex realize fixing of profit on the end of trading day, usually all open orders close at end of trading session and orders open at the beginning of the next trading session.  But Foreign Exchange Market work almost 24/7 except weekend, when value of trading operations too low. That means, what some opening positions of Day Traders can be completed after some trading days. This is true if open positions will be profitable in this period.

In one Trading day DayTrader can open and close ten-twenty orders on the different currency pair.  Needs to control all movement on the favorite currency pair, and recalculate and reanalysis this movements.

By our opinion for Day Trading Strategies on the Foreign Exchange Market should be use next indicators of technical analysis: Moving Averages in small update period, Levels of Fibonacci with waves theory of Elliot on the small time-frames from trading terminal, Fractals and custom indicator ZIG-ZAG for understanding all movements except noise.

7 Forex Rules during Day Trading:

Monthly Forex Forecast on EUR/USD April 2013 with our opinion and advises.

Hi everyone here is the start of another trading week. First Friday in April was quite difficult to work on the Forex market for the currency pair Euro-Dollar, although I think, and all other currency pairs had a similar situation. So our view on the future price movement in April 2013. So to say monthly forecast for April from the team TAKEMONEY.ORG 

April 2013 Monthly Forecast on currency pair EUR/USD

СToday will discuss with you the possible price movement of the euro - dollar for the month of April, probably in a month this forecast will be updated with new additions, as is specified in the beginning of the month, the movement for the entire month is difficult enough, our team will update this post. We recommend that you check for updates and / or subscribe to RSS or subscribe via e-mail (form to subscribe to the right on top of our site below the contact information).

Possible movements currency pair is currently limited by the technical level of 1.3050 for the second time the pair is trying to break through this resistance level but so far without success. Thus we see a model of technical analysis are two or three points, after which departs from the usual price of the technical level down.