April 08, 2012

Forex Weekly Currency Forecast and Signal for April 9 - 13, 2012

Here is my forecast for this week on $EURUSD, $GBPUSD, $AUDUSD and $USDCHF.
I still find each day too short for all the thoughts I want to think, all the walks I want to take, all the books I want to read, and all the friends I want to see.

John Burroughs

Good morning all! As past week was very good on my forecast, expecting this week will be as well. This is 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 chart is not very clear for now; After bouncing from daily price channel EURUSD had gone to downwards and I think this movement will be continued. Therefore, my weekly currency forecast on forex market:
If $EURUSD will go upwards a little to 1.3150 and then from this resistance will go down to about 1.3030 or lower to 1.2650(I think it is maximum that it will reach if goes down), then it is more likely to go up to 1.2960 or higher. And if it will reach the price channel above, there will be situation like: "will it break it or not?"(I think will). 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, 1.2970, 1.2840, 1.2690 and 1.2630 Watch my tweets for hourly forex market tips and signals. And always know that you make decisions on your own risk.
(Current Price: 1.3091)


And about GBPUSD I can say one thing x1.5EURUSD :) and of course it's a joke(not very good). And Forex Weekly Currency Forecast for this week is:
It is more probably to go up to about 1.5910 or higher and then go down to about 1.5740 - fib 38.2 on 4H TF or lower. And the maximum of downwards move is 1.5650. Then if the price will reach it, it is more likely to go up for about 100 pips. The Support/Resistance levels are: 1.6190, 1.6120, 1.5990, 1.5840, 1.5730, 1.5640, 1.5550, 1.5430 and 1.5340 This is technical analysis and for getting more pips or to avoid loses watch to news, for this please watch the real-time news and follow me on twitter to catch some of fresh ideas and forex signals, and subscribe to my blog for daily currency forecast on forex market.
(Current Price: 1.5864)


My setup on $AUDUSD


My setup on $USDCHF

For real-time signals and my personal orders during the day on $EURUSD(and all other main pairs) follow my twitter account.
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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.


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