Monthly Forex Forecast.
January on currency pair EUR/USD Expectation and Confirmation.
Greet all readers our Forex-Stuff site. As we gave you information and our opinion about future movement of chart of currency pair EUR/USD on early January, today we have uptrend by our expectation, and we can discuss next future steps this pair. Firstly we read information from Charts and indicators of Technical analysis and than we will compare received information from trader’s internet resources.
News about Euro zone shows that Euro zone will have big plans after recession in the last year. It is true for some countries with economical crisis. More information you ca read in the section our site economic Forex News Calendar.
 |
| January Currency Pair Euro to Dollar. Upward trend after flat (horizontal channel )from early January to February. Our expectation was confirmed. |
After short horizontal channel we can observe starting up trend after bears distance equal 300 pips. So we all know that after trend must be flat and after flat must be trend. This rule worked in this month January also. From started New Year the price of currency pair EUR/USD will be rise, we hope so. All our indicators show us the same direction. All Moving Averages what we used are under chart of EUR/USD and MACD showed small Divergence after uptrend. The technical indicator Murray Match has maximum red lines (lines for Bull trend) near over the price.
The Bollinger Band was with expanded channel during first part of Bull trend.
The Bollinger Band indicator of technical analysis financial markets on Euro to US Dollar on January. During flat - small horizontal channel, and in the uptrend indication upward movements on EUR/USD
Almost all traders from some Forex brokers used BUY orders with long term strategies. They established take profit at a distance around 500 pips from now. Because we saw flat before this uptrend,
We assume that this movement will be part of Big Bulls trend. We believe that chart of EUR/USD created first wave by Elliot and after correction from this first wave we will open several orders for BUY with 500-1000 pips take profit.
Only one warning before opening order for buying, we will wait fixation and extension price from maximum from First wave (Fractal also will be ok).
Parabolic SAR is good indicator for this movement, especially after flat.
Only for you Gentleman traders, our research: Flat lasted 150 hours, next flat after first wave will be also 150 hours and trend like a third wave will be very short like 100 hours. Probably all upward movements will close on the February. We expect creation five wave’s model from first flat as a shown on the screenshot.
The Bollinger Band was with expanded channel during first part of Bull trend.
Almost all traders from some Forex brokers used BUY orders with long term strategies. They established take profit at a distance around 500 pips from now. Because we saw flat before this uptrend,
 |
| Example of Flat on the FForex market on Eur/Usd on January. So this was flat before Down Trend and after this flat we will expect Big upward movement from price of currency pair Euro to US Dollar |
We assume that this movement will be part of Big Bulls trend. We believe that chart of EUR/USD created first wave by Elliot and after correction from this first wave we will open several orders for BUY with 500-1000 pips take profit.
 |
| Example of Wave Theory by Elliot on currency pair Euro to Dollar on January. We will take profit on the 161 % on the third wave or fifth wave after creation last wave by Theory of Elliot |
Only one warning before opening order for buying, we will wait fixation and extension price from maximum from First wave (Fractal also will be ok).
 |
| Example of Confirmation of signals after created first and second waves by Elliot on the Eur/Usd currency pair. |
 |
| Example of Parabolic SAR on the EUR USD on January. Parabolic SAR is good idea for checking trend after flat. |
Only for you Gentleman traders, our research: Flat lasted 150 hours, next flat after first wave will be also 150 hours and trend like a third wave will be very short like 100 hours. Probably all upward movements will close on the February. We expect creation five wave’s model from first flat as a shown on the screenshot.
Our destination from this uptrend will be levels 1.3550 1.3600 1.3650 and probably 1.3700 It is depends on the strong movement of price of EUR/USD. At every level what we take, we will correct our next target; because this levels is strong psychological levels, especially levels 1.3600 and 1.3700 probably we will cancel lasts targets. Anyway our main aim – to take 500 pips from this trend.
Previous reviews about Euro to US Dollar Forex prediction can see the link below:
Previous reviews about Euro to US Dollar Forex prediction can see the link below:
GBP - USD on January our opinion and advice for Traders
Gentleman traders follow our updates and take profit with us.
Buy only Buy orders from created lowest fractals during upward direction of EUR/USD chart.
If you want to show all people that you are amazing Forex Trader you can buy this T-Shirt. "Yen Euro Dollar T-shirt"
If you want to show all people that you are amazing Forex Trader you can buy this T-Shirt. "Yen Euro Dollar T-shirt"
