₦airaland Forum

I develop an expert advisor to forecast EURUSD & GBPUSD technical analysis. Download the EA and attach it to 4hour timeframe on EURUSD and 1hour time frame on GBPUSD.

Due to metatrader different build or version you have to download the specific EA for your mt4 version.

When loading the EA, ignore the Email and Password input and click OK to load TrendForecast.ex4, DLL import most be allowed on the mt4 terminal for the EA to work.

EUR/USD Forecast for 11th – 15th January, 2016.

The support price at 1.0811 and resistance at 1.0967 as formed a bullish trend outline by the white trend line. The solid red support trend line is expected to hold the price from falling further while the dashed red trend lines indicate possible bear trend that the bull must break-out from as simulated by the yellow and blue dotted line. The blue line indicates possible price movements, the yellow line indicate expected price movement and the green trend line is the resistance line.

The template is attached. Best viewed on 4hrs time frame.

This is an update on my EURUSD forecast. The price is moving as predicted. A new indicator settings is added to the new template attached below. The template is best viewed on 4hrs time frame.

Hi everyone, I am a technical analyst using technical trend lines to predict price movements. I can develop a chart template for any currency for use on mt4 platform.

For EURUSD 4th-8th January 2016


The trend is clearly bearish as outlined by the white trendline; the redlines outline the support trendline, price may reverse on the redlines, a break through them will open further fall in price. The green trendlines are current resistance line and the yellow lines simulate a possible price movement.

EURUSDTrendForecast template is attached. You can save it in the template folder to attach it on mt4 chart.

The chart can be viewed on 4hrs, 1hrs, and 30min time-frames.

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The price jump up to 1.2599 at 8 : 00pm, so there might be price fluctuation, so take - profit now at 1.2530-1.2535 at 8:55pm is advisable if you cannot handle the price fluctuation.

Sell EUR/USD 1.2550 (6: 35pm; 19-11-2014) Take-profit at 1.2450. Stop-loss at 1.2650.

EUR/USD forecast for 19-11-2014; Expect price resistance level to be 1.2580 (minor) - 1.2630 (major). And support level to be 1.2500(minor) and 1.2450 (major).

Download the free indicator line for the current week at http://www.datafilehost.com/d/32948b05 and save the file inside the template folder in the metatrader folder. Now open a EURUSD 4hour chart, go to the template icon at platform menu, now click on the *Free Indicator line* file-name and it will automatically load to your chart.


Red Trend line = Major resistance line
Yellow Trend line = Minor resistance line
Blue Trend line = Minor resistance line
Green Trend line = Major Support line

Reviewing the last week EUR/USD performance

10-11-2014 - 13-11-2014.

The red trend resistance line served very well as indicated in the uploaded indicator, it provide a good entry level for the week Bears. Even though the yellow trend and the blue trend lines were temporal resistance line, they still serve a major purpose. Now the green major bull / support trend line serve it purpose as all buy entry on the line is a successful one.

BETWEEN 13-11-2014 and close of trading on 14-11-2014.

Even though the green trend line was expected to be broken on 14-11-2014, the sell signal for 14-11-2014 only move 63pips, and 120pips was expected.
The green trend line pushes the price back up.

digitalmoney:
EUR/USD is going to sell before the close of trading 14-11-2014, targeting 1.2350 support. Entry level is current price at 1.2463 and entry time is 13-11-2014 (6:50 pm) targeting 1.2350, stoploss is 1.2550.

The EUR/USD bulls at 1.2400 keeps pushing the price back up, the last signal is correct, the selling only manage to reach 1.2398, which gives 63pips. But almost a 100pips is expected. So now all open sell position should be closed at a comfortable price below 1.2463 entry level before the closing on 14-11-2014.

EUR/USD is going to sell before the close of trading 14-11-2014, targeting 1.2350 support. Entry level is current price at 1.2463 and entry time is 13-11-2014 (6:50 pm) targeting 1.2350, stoploss is 1.2550.

The EURUSD selling is starting now at 1.2422. I expect it to continue through 14-11-2014 targeting 1.2340- 1.2300 zone.

For 3:00 pm - 11 :00 pm, You may want to close or hedge all open sell position, because price will be unstable within that time frame.

digitalmoney:
The Selling pressure builds up as expected starting from 8:00 pm yesterday.
I expect a full selling force to begin between 10:25 am – 3:00 pm today. Sell Entry: 1.2500 -1.2450.

The support 1.2430 as rejected the full sell signal for 10:25 am – 3:00 pm today, the signal that was spotted 10:25 am only move around 25pips-30pips. I expect 1.2500 resistance to pin down the bull before 14-11-2014. And if it does, I expect full selling for the EUROPE GDP forecast ON 14-11-2014.

And if you already open a sell order at 1.2450 and you did not take the profit when the price drop to 1.2430 you might put a stoploss at 1.2520 and later takeprofit at your convenient level when the price drop.

The Selling pressure builds up as expected starting from 8:00 pm yesterday.
I expect a full selling force to begin between 10:25 am – 3:00 pm today. Sell Entry: 1.2500 -1.2450.

The price reversed back up as expected. The bull reverse should be temporal because there is a Selling pressure expected to build up around 1.2500-1.2470 area.

EUR/USD may reverse temporary before 14-11-2014 for another test of 1.2470 before a major sell through 1.2345.

The selling begins at 3: 00 pm as expected. Selling entry is established at 1.2485 targeting 1.2410. The price 1.2410 is expected to be touched between 3:00 pm today and close of trading on 11-11-2014.

Happy trading.

Should in case the red trend-line or 1.2520 remain un-breakable and price close today above 1.2460 or above the blue-line, EURUSD should start selling by 00:15 am on 11-11-2014.

Overall, I expect EURUSD selling to start between 3:00 pm today (10-11-2014) and 00:15 am (11-11-2014).
Happy Trading.

Ok it looks like the chart posted here is not clear, download the file at http://www.datafilehost.com/d/553da9ae and save the file inside the template folder in the metatrader folder. Now open a EURUSD 4hour chart, go to the template icon at platform menu, the icon image is attached, now click on the Free Signal file and it will automatically load to your chart.

The file is not a robot or EA!, It’s an indicator.

For a better understanding of the price movement, the signals are generated from the Profit Plan which is developed from the strategy, this Profit plan is attached, and you can construct the line on your 4hours EURUSD chart. The yellow and blue line suppose to be an initial resistance line but since the price break through them, the are temporarily converted to a support line until the yellow line stop at 11-11-2014 (the white vertical line).

Before the white vertical line, the red trend line is expected to cap the price.
After the white vertical line, the red trend will turn support if price is above and resistance if price is below it. The green base line is the overall support line.
The attached chart plan is only valid / active for 10th - 14th november 2014.

**No signal will be released at 11:00 am, 3:00 pm, and 7:00 pm again for the week instead the Profit plan for the week is attached **

Happy Trading.

Price is trying to Push toward 1.2500, but no entry to buy so patience is require for today, meaning buying at 1.2483 current level is risky, price may turn for 1.2450. But No entry signal.

When signal is available, Expect Signals forecast to be released at 11:00 am, 3:00 pm, and 7:00 pm local Nigeria time.

Signal will be publish at the mentioned time only when the signal is available.

Current EUR/USD activity indicates the Support (1.2440) and Resistance (1.2500) are in focus for 10-11-2014. But No entry signal yet.