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.
The second scenario - a breakthrough that level and gaining profit levels from 1.3070 and above. This takeprofit shows our technical indicators Fibonacci. And Zigzag indicator by which we determine the possible wave Elliot. In support of our views - see our screenshots from FOREX terminal MT4. Most of our technical indicators show us the page with a long bearish trend on the uptrend. On the example screenshot EURUSD Daily we see also Divergencefrom MACD technical indicator of currency pair Euro to US Dollar.
Today we will discuss possible movement of EUR/USD. Screenshots from terminal shows us the third wave by Elliot. Also, we are seeing a divergence. All this indicators show us possible reversal for Eur/Usd.
After analyzing open positions of FOREX traders we found next ratio: Almost 50/50 traders opened position in both direction. The Murray Match indicator shows meridian in the neutral point. You can see green zero line near from price.
MACD indicator of technical analysis with founded Divergence shows on screenshot. Divergence began from February 25th, 2013 and finished March 27th, 2013.
EUR/USD in the time-frame: Daily.
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| Forex Forecast for April for Forex pair Euro to USD. Divergence and possible reversal. |
Note: According to the Elliott Wave Theory, at the moment we are probably correct in a bearish trend, rather than in the third wave. However, if the level of 1.3050 is breached currency pair, we can talk about the third wave in the five wave pattern formation bullish trend for Elliot.
For more screenshots of the current market situation Forex currency pair EUR/USD:
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| 2013 EUR-USD Forex Forecast by technical analysis with used MA, Wave analysis and Murray Match indicators. |
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| H4 EUR/USD April 2013 monthly forecast. |
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| 2013 April EUR/USD hour timeframe . Monthly Forex Forecast |
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1 comment:
Opinion of Forex trader for April 2013
This First April Friday (April 2013) was crazy day for traders, who trade in the Eur/Usd Forex pair. It was crazy day because, many traders did not know where will move Eur/Usd. In the middle of Today Day was strong upwards short movement, but on the evening all traders who opened orders to buy – was take loss. This trick in the FOREX names trap for professionals traders. We discussed this opportunity: to take profit after created upwards fractals. Next step probably can be take movement in Horizontal channel. This Flat need be for changing movements of trend on the EUR/USD Forex pair. So, we can try to open position to sell wright now. But our target will be short and needs total control, if Forex pair will try to change direction.
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