EUR/USD PREDICTION FOR 6TH APRIL-10TH APRIL/2015

This prediction is only based on Weekly open, High, Low and Close. And based on Weekly camarilla only. Should not think this prediction as accurate. We must refer bollingerbands and 50 moving average in 1 hour chart. When middle bollinger band crossed over at 50 moving average, we will know, where market will be going.

According to previous weekly open, high, low and close:-

Previous Week,s Open    = 1.0880

             
Previous Week,s High    = 1.1024


Previous Week,s Low     = 1.0713

Previous Week,s Close   = 1.0994

Horizontal Line Blue Colour         - Previous Week,s High

Horizontal Line Orange Colour     - Previous week,s Close

Horizontal White Colour               - Previous Week,s Open

Horizontal Line Red Colour          - Previous Week,s Low


Now judging from the chart, we can say that Eur/usd should go higher after touching previous week,s open or after crossing weekly,s close by 20 moving average, since  previous week,s high and close is very near to each other.  Zigzag also should reached to previous weekly,s open, We just need to wait what will happen Tuesday to Friday.

In addition to the Previous Week,s Open, High, Low and Close, We can add the Previous Week,s Daily,s Close.

Again, according weekly,s camarilla, Eur/usd supposed to go up

Resistant 3  = 1.108


Resistant 2  = 1.1051


Resistant 1  = 1.1023



Pivot        = 1.0911



Support   1  = 1.0965


Support   2  = 1.0937


Support   3  = 1.0908

Judging from the camarilla chart, we can say that eur/usd should go higher up to Resistant 3. Just we need to wait for crossing of 20 moving average at Support 1 or Resistant 1.

Note:- If the 20 moving average crossed down previous week,s open price/line or weekly,s camarilla,s pivot point, eur/usd should go lower. Or, if the middle bollinger band crossed down at 50 moving average, eur/usd should go lower.

So for confirmation, we should wait upto Tuesday to Wednesday atleast.

Weekly Open High Low Close Trading Strategy

Weekly Open High Low Close Trading Strategy is also good idea according to my experiments only please. But must add bollingerbands and 50 moving average for measuring the market Trend in 1 hour chart. When  middle band crossed over 50 moving average, we usually know, where market will be going.

If you don,t know how to put in horizontal line weekly,s open, high, low and close just go to your meta trader chart. Just do assigment on Monday:-

1. Open your meta trader

2. Go to weekly chart

3. Go to file (top extreme left corner)

4. Save as (if you are planning to eur/usd it will look as  EURUSDm10080 in the file name. Just type it as  EURUSDm10080.html and save it to your desk top.

5. Now go desktop

6. Open Eur/Usd file from your desktop.

7, Now copy and paste previous week,s open price, High, Low and Close to your meta trader or draw it in horizontal line

After pasting in horizontal line, previous week,s open price, High, Low and Close, add 20 moving average to your meta trader.

Now wait for crossing by 20 moving average at these horizontal lines.

Let us look back now Eur/usd,s previous week,s open price, High-Low and close from the 1st March/2015.

For trading for 1st Week,s of March, we will add the previous week,s open, high-low and close of 22nd February/2015

That is Open price is 1.1378

High price is 1.1392

Low Price is 1.1159

Close Price 1.1159

Above picture is from 4 hours chart and we can see that crossing of 20 moving average at previous week,s low including close price. That means we can sell.

Alternately, if we, put it in 1 hour chart, 20 moving average has crossed Previous Week,s Close and Low as picture below on Tuesday 4th March/2015.

In the second week also we can see the crossing of 20 moving average at weekly,s low and close at 1 hour chart  on Tuesday as shown below.

In the third week, we can see that though we cannot see crossing any open price, high, low and close, since the previous week,s low and close very near and the price already touched the weekly,s low including previous week,s close on Monday, it goes higher on Tuesday reaching the previous week,s High as shown below.

In the fourth week, 20 moving average crossed on Monday and reached upto previous week,s high. After touching previous week,s high on Thursday, we could sell it since the price crossed 20 moving average. We can see below, that previous week,s close and previous week,s high very far to each other, That means market is sideways.

In the fift week or 1st week of April, we can see that crossing of 20 moving average at previous week,s close on Monday and crossing up of 20 moving average at previous week,s low on 2nd April/2015. That means market is sideways.

We can also see on 31st Match, crossing down at previous week,s low by 20 moving average, In that case we should aware about that . Because it is already crossed weekly,s open/close early on Monday or weekly,s opening. But if it crossed down on Wednesday/Thursday, It could go lower Or, only when if it  included previous week,s close and low, it could go lower. We can see that previous week,s close is above and previous week,s low is bottom or very far to each other between previous week,s low and close. That is why, better to trade Wednesday to Friday. Moreover, in the 1st month market always use to reverse.

In conclusion, we can say that, for surely getting profit, we should have trade only twice in a month only when previous week,s high or low very near to previous week,s close price or crossing at both previous week,s high or low and previous week,s close by 20 moving average.

If the previous week,s High or Low is far away from the previous week,s close price, market is sideways.