April EUR/USD Forex Forecast. Current Status and Future movements.

On this moment Currency Pair EUR/USD has Flat During correction after Big Trend This Flat like a channel with levels from 1.3000 to 1.3200 Correction was began after strong down movement during News on USA and Eurozone on Tuesday 22 April. In this period of time EuroDollar was dropped to level 1.995 or lower but next was tried cross 1.3100. Right now this pair has small vibrations near Zero point.

EURUSD H4 with Technical Analysis:

Forex Forecast EURUSD H4 with Technical Analysis and Current Situation on Forex.   

All SMA are still below the price char. Volumes of Trading were reduced and in this moment equal 45/55% to all open positions of Traders some Forex Brokers. The indicator of Technical Analysis Bollinger Bands displayed same information about volumes. trading on this pair right now to small. We see also Zero zone on MACD and Murray Match indicators. From slower time-frames we know that their SMA are below price of EUR/USD pair.

EUR/USD H1 with Technical Analysis:

EUR/USD H1 Current Status and Forecast

We expect creation third wave by Elliot but right now we can not clearly find direction on EUR/USD. We still have open order to BUY from 1.3100 but it can cancel if price will drop bellow   1.2970 that mean we will not have third, forth and fifth waves by Elliot. On the H1 timeframe all SMA ready to jump or Fall. Probably horizontal channel ca be continue from this moment fo couple days. But after flat we will expect strong movement, we hope that EUR/USD will Grow UP. Although other currency pair was stopped such as USDJPY and GBPUSD If EURO can be grow our open position give us 200-250 pips of Profit. We hope Murray Match will repaint levels of Resistance and Support. It is depends on NEWS.

Link Below:

April EURUSD FOREX FORECAST

April GBPUSD FOREX Forecast

Rules of DayTrading

April GBP/USD Forex Forecast with technical analisys

Today we will describe currency pair Great Britain Pounds to US Dollars. You can see this pair online here GBPUSD Chart Online Current situation on this pair displayed on next some screenshots. Let is started.

Open orders from some brokers show us next ratio: around 60% open positions on this moment opened in BUY and 40% open positions of GBP/USD opened in Sell. From this pictures we can find upward trend with some corrections, we highlighted by red line this trend. This trend was created after strong movement in four hourly timeframe after big down trend with started from January and Finished in half March. This big movement was with 1500 pips of distance. Right now in timeframe GBP/USD with hourly timeframe has correction from this downtrend in 38%(64%) from First wave by Elliot. Also we funded some Divergence between Chart of GBP/USD currency pair and Moving Average Convergence/Divergence our custom indicator. All our SMA cross chart of price of pair during correction. This is not good idea for long term trading, because can be wrong open order in the start, and will closed open position by Stop loss command.

  GBP/USD H1 Time frame:

Current situation on GBP/USd H1 timeframe with technical analisys 

If you want to open position better do it not now, but later. Reason: When correction will stop - can continue down big trend on third wave. We can find in this pair some down signals from Multi SMA on GBP/USD. So, m1 m15 h1 and almost H4 SMA on GBPUSD displayed down direction. And after 1.5190 - 1.5200. We can open order to SELL. Our take profit will be in zone with diapason 1.5120 - 1.5100 But strong psychological level is 1.5200 and after this level direction will be clear. In Down trend From April 12 we did not find any Divergence between chart and indicators. On the H1 timeframe currency pair Great Britain Pounds to US Dollars has ZERO zones by Murray Math indicator and sell`s zone from 1.5100 and lower.

GBP/USD H4 time frame:

GBP/USD H4 Daily Outlook with technical analysis. Levels of Fibonacci and MACD indicators

On the H4 timeframe our uptrend was just correction from Long Downtrend from January. Correction from This Downtrend  was up to 1.5420 and after that can be lower 1.4820 if will be approve some signals from our indicators. The 61% from first Down wave is 1.5420 next level of correction big downtrend ca be 50% it will 1.5600 if price of GBP/USD will cross psychological levels such as 1.5500 and 1.5550. Needs compare technical analysis with Forex Economic calendar.

GBP/USD Daily timeframe:

Daily timeframe on the GBP/USD with technical analysis. Current status on Currency pair is upward correction from big down Trend from January. 

Daily timeframe displayed us that GBPUSD has correction from Downtrend in positive zone by Murray Match indicator, but this correction can be cancelled if  not cross our second SMA. The value of trading operations also can be changed, because MACD displayed us that price is near zero zone. If zero zone on MACD will be not cross by price correction will be cancelled and Down trend will continue.

Before opening order on long term strategies please check all your and our Forex signals in This currency pair. Take profit in short term strategies on this pair we recommend install on distance equal 150-160 pips. And if you will trade on this pair by Day Trading strategy - Do not trade more than 11 trading session with one open position.
Forecast FOREX Blog is a personal informational blog with materials for trading on the foreign exchange market.

Day Trading Forex Strategy. Rules and Forex advises.

FOREX Rules for Traders Working with the Day Trading Strategy (Short Term Strategy).

What is the Day Trading Strategy on the Foreign Exchange Market?

Forex Strategies: Day Trading - short term strategy.

We’d like to outline some rules of day trading for beginner and professional Forex traders. This strategy focuses on short-term trading operations, about a day in duration, if not just several hours. Forex day trading strategy is an aggressive style of earning money short term. Traders operate with a lot of orders in different or same currencies. For example day trader can open some orders in EUR/USD, and at the same time have orders in other currencies.

Day trading strategy requires careful attention. During the working hours traders must check changing market conditions, such as signals from Forex technical indicators and financial news, at all times. 

While using this strategy day traders usually use a time frame of one minute, five minutes, fifteen minutes, and seldom - one hour. Generally, Forex day trading generates profits at the end of the trading day. Usually all open orders close at end of the trading session and open at the beginning of the next trading session, with Forex operating daily, except on weekends and holidays, when the value of trading operations is too low. That means that some open positions of day traders, if profitable, can be completed in just several trading days.

In one trading day a day trader can open and close ten-twenty orders in different currencies, though all movements on the favorite currency pair need to be carefully followed and analyzed.

In our opinion the following indicators should be used for technical analysis: moving averages for a small update period, Fibonacci levels with Elliot’s waves theory for small time frames, fractals and a custom ZIG-ZAG indicator for understanding all movements, except noise.

7 Rules for Forex Day Trading strategy: 

Rule 1. Do not open a Forex transaction during the closing of the trading session.

Forex Trading Sessions Hours

Do not open the position during the closing of the trading session, for the currency pair Euro to US Dollar is the distance of the order of 100-150 pips. Do not open the transaction if the distance was overcome.
We all know that Forex charts are moving in the vibrations. And usually in one trading session charts will move in one direction, moving backwards during the next session. This happens because some correction is needed for the first movement, after a strong trend. Our advice is to try and trade through one trading session to catch up to the direction.

Rule 2. Do not trade in the backward direction during a trend. 

Rule#2 of Day trading Strategy.

Do not trade in the backward direction during a strong trend, if your order was closed by a stop loss. Try to open the same position after creating fractals from the correction of these strong movements. During a strong trend open orders only from created correction fractals.

Rule 3. Try to use transactions only during one trading session. 

Using this rule helps more traders to save money and close positions with profits before the situation with movement of currency pairs changes. Start of a session - open your orders, close of a session - close your orders.

Rule 4. Do not trade if moving averages cross the your working currency pair chart. 

Rule#3 of Forex Day Trading Strategy

Rule 5. During the flat situation on the currency pair chart, try opening transactions in depth of the horizontal channel. 

Flat on the Forex is usually horizontal or a small sloping channel with same fractals. So, flat on the Forex chart like an aisle.

Rule#5 of Day Trading Forex Strategy

Rule 6. Do not install a stop loss more than a session distance, that took the currency pair.

Rule#6 of Forex Day Trading Strategy

Day Trading - is a short-term trading system on the financial markets. Example of an open order from the upward trend on the EUR/USD Do not open the position during the closing of the trading session, for the currency pair Euro to US Dollar is the distance of the order of 100-150 pips. Do not open the transaction if the distance was overcome.

Rule 7. Open orders only in the third wave. 

Rule#7 of Day Trading Forex Strategy

While day trading, open transactions only in the third wave by Elliot and you will see a stable profit.

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

Tags: Forex strategies, Day Trading, Short term strategies, Rules of Forex Strategies, Forex training 

April FOREX Forecast EUR/USD. Our Opinions About Future Movement Pair EUR / USD.

Hello everybody.

April Forex Forecast EUR/USD, 2013.

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 with Dimension of Divergence was showed between February 25th, 2013 and March 27th, 2013.

EUR/USD in the time-frame: Daily.  

Forex Forecast for April for Forex pair Euro to USD. Divergence and possible reversal.

All moving averages now is above the price chart of Euro to Dollar. Probably will crossing in the zero green line by Murray and after that will reversal to up. All FOREX traders should be careful and not take EUR/USD orders right now. Only after crossing green line by Murray Match indicator, and after generated lower fractal located above the green line 1.3184 If it does not we will open short position on the FOREX by EUR/USD from 1.31 to down with targets 1.2600 - 1.2500. But it will after long term FOREX FLAT. By Elliot we have not third wave right now, it is more like a correction before BIG TRAND. More screenshots EURUSD for understanding:

2013 EUR-USD Forex Forecast by technical analysis with used MA, Wave analysis and Murray Match indicators. 

H4 EUR/USD April 2013 monthly forecast. 

2013 April EUR/USD hour timeframe . Monthly Forex Forecast

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

Recommended Books For trading. Before purchasing I am recommend to read preview about thi book Active Control of Vibration. Technical analysis and waves on the financial markets:

2-nd Week EUR/USD April FOREX Forecast.

Opinion About Future Movement EUR/USD Forex Pair 

on the Second Week of April 2013

Second week from April 2013 on the Forex Pair EUR/USD probably will be with uptrend. But its depends on many factors such as: Creation of Fractals, and levels of Fibonacci from wave theory by Elliot.

First screenshot  was created from 15 minutes timeframe. We will observe EUR/USD and will discuss details little bit later. When our broker will be open at the next week.

Technical Analysis 2nd week of April 2013. Created First Second and Probably Third waves after lont term horisontal channel  

We will expect strong Resistance in the level around EUR/USD= 1.3040 . It will be level created from previous fractal (from March 25, 2013)  If this resistance broke, we expect profit up to level Take Profit EUR/USD ~ 1.3180 ~ 1.3240 . If No. Will be down to level 1.2950 or lower.

More screenshots for confirmation our opinion:

FOREX Forecast EURO to USD in 1-hour timeframe in the big horizontal channel. 

Be careful when you open positions on the next week on Monday Morning. Try open position only after confirmation signals.

Good Luck.