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EURJPY - Fractal forecast |
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Stefan Schlemm: EURUSD - Fractal forecast
EURUSD - forecast for thursday
Alligator is located lower than the pricing chart, that indicates the development of the upward trend. But on the way of its further growth the resistance level of 1.3043 is located. That's why the prolongation of the upward trend can be expected only by the fact of the market growth upper this resistance, after that the growth on the resistance of 1.3153 will happen. The development of the downward trend will start in a case of the movement of the pair below the support level of 1.2980, after that the lowing on the support level of 1.2878 will happen.
EURUSD - weekly forecast
The pair trades in a side trend, having twisted between the level of resistance of 1.2940 and support of 1.2751, in a case of its breakthrough the trend will develop in a one or another side. In a case of growth upper the resistance of 1.2940 the development of the upward trend with the aim of growth on the resistance of 1.3150, with the further growth upper that the resistance of 1.3420 will be achieved. The development of the downward trend will start in a case of the movement of the pair below the key support of 1.2751, after that the lowing on the level of the support of 1.2584 and 1.2350 will happen.
EURUSD - monthly forecast
Alligator absorbed the pricing chart, the indicator AC is in the neutral zone, as well as the pair trades too close to the key resistance and support, that all in common indicates the development of the side trend.The upward trend will start by the fact of the growth of the pair over the resistance level of 1.2430, after that the growth to the resistance level of 1.2690 will happen, by the further growth over which the resistance of 1.3153 will be achieved.The reverse of the upward trend from the level of 1.2690 is also possible only in case of the pair dropes lower than the level of 1.2430 after the bounce after it, after that the achievement of the support of 1.1913 will happen.The downward trend will start in case of the movement of the pair lower than the support level of 1.2267, after that the lowering to the support level of 1.1913 will happen, by the further movement lower than which the support of 1.1650 will be achieved.
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