April 01, 2012

Forex Weekly Currency Forecast and Signal for April 2 - 6, 2012



Here is my forecast for this week on $EURUSD, $GBPUSD, $AUDUSD and $USDCHF.
All life is an experiment. The more experiments you make the better.

Ralph Waldo Emerson

Good morning, I've found some time to write my Forex Weekly Currency Forecast for April 2-6, 2012. And forecast is on main currencies: EURUSD, GBPUSD, AUDUSD and USDCHF. Hope you'll find it useful.

$EURUSD



Situation with $EURUSD is pretty clear for now; it’s like to break or not to break. As we know that the possibility of bouncing from resistance is greater than breaking it :) Therefore, my weekly currency forecast on forex market:

      If $EURUSD will bounce from resistance (price channel line), then it is more likely to go down to around 1.3170 or lower. And if it breaks the price channel, then price will go upwards to around 1.3470 – this is another resistance level and 38.2 fib from 05/05/2011. Then will bounce from this level. The strongest support/resistance levels are: 1.3470, 1.3390, 1.3294, 1.3220, 1.3180, 1.3150, 1.3100, 1.3020 and 1.2970. Watch my tweets for hourly tips and signals. And always know that you make decisions on your own risk.
(Current Price: 1.3340)

$GBPUSD



This week will give the directions to other weeks ahead. There is strong resistance (red line) on daily TF and support from weekly TF (red line). This two trend lines making some kind of triangle, range of possible movement for week is 250 - 750pips. And Weekly Currency Forecast for this week is:
      Price is going to hit the line of daily price channel and it is more likely to go down after touching this line to about 1.5845 or lower to 1.5730. If price will break the price channel above then it is possible to hit the next resistance at 1.6190 and then it is more likely to go down to the main levels. The Support/Resistance levels are: 1.6190, 1.6120, 1.5990, 1.5840, 1.5730, 1.5640 and 1.5550. This is technical analysis and price also move on news, for this please watch the real-time news and follow me on twitter to catch some of fresh ideas and signals, and subscribe to my blog for daily currency forecast on forex market.
(Current Price: 1.6006)

AUD/USD

My setup on $AUDUSD


USD/CHF

My setup on $USDCHF


For hot signals and my personal orders during the day on $GBPUSD follow my twitter account.
Follow jackforex on Twitter
Subscribe to my Daily Currency Forecasts by Email for more detailed predictions of intraday trading.
Have a nice day! Follow me on twitter for real-time updates and forex signals.



13 comments:

reganiforex said...

please provide latest news and updates

EPICRESEARCH said...

It’s a Very helpful article for me. Actually, I am fond of reading online news. Thanks for writing such a complete ..And,I wantn’t to miss them.Thank you for sharing..
EQUITY TIPS

COMMODITY TIPS said...

Very good post,you publishing good and meaningfull information .thanks for sharing this post

EPICRESEARCH said...

I am very much pleased with the contents you have mentioned. I wanted to thank you for this great article.
http://www.epicresearch.co/products/stock-tips

COMMODITY TIPS said...

Great article ...Thanks for your great information, the contents are quiet interesting.I will be waiting for your next post.

Forex Signals said...

great publish, very informative. I wonder why the other experts of this sector do not understand this. You must continue your writing.

Imran Khan said...

I must say your weblog is outstanding!commodity tips I’ll unquestionably appear again again!

neha porwal said...

Nice Blog. Thanks for shearing thisBest stock tips
informative blog with all of us

Simran Roy said...

This blog contains interesting points which are helpful for us Best Tips Company thanks for sharing post .

Fendy Chia said...

Very meaningful and interesting facts you shared KLSE Malaysia it will be easy to understand by signals.

Fendy Chia said...

Its very impressive post and shared signals is quite interesting Forex Trading Signals very well described about stock market.

sheetal diyaware said...

Great updates you shared about forex and for more information can go for Epic Research which providing market trading news and daily updates for all segments with accuracy/

John Smith said...

Thank you for such wonderful and interesting article.


Best Forex Forecaster

Post a Comment

 
Design by Free Wordpress Themes | Bloggerized by Lasantha - Premium Blogger Templates