Euro ...Daily Technical Vision

Fares Shanab

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Aug 12, 2012
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Downtrend..... Bulls call for the purposes of correction boarding

Forex - Shanaba

Bulls still have control over the movements of the pair, and is expected to remain this control for the next week.
Euro summit being on December 19, Wednesday
Become now in place a correct landing in order to further hikes coming next year in the first quarter.

The correction may expire after three days of the euro has been calculating volumes in box drawn on the chart which represents
the influence of doji candles
18.gif


That the pair could not fall down from the shadow at 12877
So keep a positive outlook for the euro in the re-boarding after he served News basic recovery in the euro area was left to the financial abyss that the way to the solution, which urges euro a race to a new peak in the 134-13

Analysis which is based on a scientific look a lead in the outlook for the pair
As we noted that the husband and back down from the top of 13239, but there is a subtle movement was controlled by upwards
We have mentioned that the rising euro and the series climb is not over ....

And now repeat this statement also said that the euro in a corrective movement could spread to 12981, a support point which threw him to the regions 133
In the next few days before it begins to change its general trend to the upside with distinction ...
Has spoken to some of my friends who are interested on the analysis of currency
The pair will go to 134 and until the month of February 2013 and there decide if it wants to Aioro complete the ascent towards the upper limit of the bullish wedge initiated the euro from the bottom of 12042
Here is my vision realized has dashed the vision of thought that the pair will fall to 120 by the end of the year
And I would like to mention that the pair would not go again down the 126 or 125 at the latest drop
While in the upper alone will stabilize at the top does not exceed 136 and a maximum of 137-138
With a technical pattern inverse head and shoulders on the direction of chart areas 140

What is Shanaba: says:



The pair weekly frame tends to top but in a shy way. This product News Greece crisis which dominated during the past four months

17.gif


The study was 18 last week
Average line (White) is heading to top
Given the logarithm of the closure lines and depressions, we find that the percentage of price dispersion was great in the beginning of the year and now is to shrink the nearest
Logarithm closure (brown) approaching logarithm low (yellow) and this indicates that the summit had approached the final time, and will start a trip landing in a new cycle

19.gif


Logarithm low could reach large support area 12980
Logarithm closures could be closer to area 13030
This fits with the golden ratio corrective (fibo 618) for Aljdbdh Summit 13308 and realized at 13042

Box drawn on the chart shows that the median at 1.3065
Vein achieved at 1.2951

This corresponds with a look algorithms that we have mentioned

It was also climb by about 739 points was 507 points correction
Therefore be bilateral Tadelah to achieve balance between the parties to the pair about 232 points
From last week's close and this tends to correction towards 12953

Fares Shanab
 

Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
Euro bullish as bearish

20.gif


We said that the age of the emerging wave began to fade given line average annual weekly and Logarithms line weekly for each of the two lines Close and Low weekly who started approaching and they met would scratch to start a new downward cycleWhat is expected from the price at the moment compared with volumes that fell on the pair buying , is the uptrend that seemed hiding under limited bearish corrective movement by the pair to summon the resolve to continue to climb to the plateau 135-136


shanaba.gif
 

Fares Shanab

Active Trader
Aug 12, 2012
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Still the same vision
Euro bullish as bearish

corrective movement is awaited

We have succeeded in predicting the correction
*The euro actually fell from the top of the 132,904 points to 13158

This gives credibility to see SHANABA

Still our vision as it is

Euro touches market logarithm line as in the chart

Then launched a wave plateau rising to 134

17.gif
 

Fares Shanab

Active Trader
Aug 12, 2012
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Jordan
fareshanab.blogspot.com
When you draw all of the line of ٍSlope to the Open price and the daily Close of the Slope line for the price High and low frame daily, weekly and monthly
It now checks the tendency in the highest bid price and the lowest price

Suggesting the direction to top to correct the tendency
This confirms the theory SHANABA

1.png


About the impending movement after achieving the lowest this month
We expect to be on Friday
That come in contact with the area from 12953 to 12985

Then begins a weekly close in the region of 130 and higher than 13030


FARES SHANAB
 

Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
When you draw all of the line of ٍSlope to the Open price and the daily Close of the Slope line for the price High and low frame daily, weekly and monthly
It now checks the tendency in the highest bid price and the lowest price

Suggesting the direction to top to correct the tendency
This confirms the theory SHANABA

1.png


About the impending movement after achieving the lowest this month
We expect to be on Friday
That come in contact with the area from 12953 to 12985

Then begins a weekly close in the region of 130 and higher than 13030


FARES SHANAB


Is the price Do actually reached really Low at 12994

and actually price race ahead of time

let us wait till Friday , and see what will happened in this day

week close !!
 

Fares Shanab

Active Trader
Aug 12, 2012
233
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42
Jordan
fareshanab.blogspot.com
6 Rooms for uptrend purpose

2.png


I think the most important level is the third room floor at 13405

this will be the gate to reach more level toward 136 as per above chart

Now the Euro stand and close weekly and daily bellow 13350 which is fibo 61.8 golden ratio to push down it to 13165 the floor of this room (no.2)

also in daily frame euro made pattern of Three white soldiers pattern

and this pattern calls euro to make correction toward 13090-13103

So as a result and conclusion :

Euro pair will face tow important figure 13350 and 13405

Euro will face two very important points

Euro will face two very important points

The two who will determine the starting of the euro
As for the bullish trend
Or downward trend

weekly close under 13350 fibo 72% of top 13859

and under 13405 fibo of top 14247

that reason invited us to think that correction will start and push the euro to make

new downtrend toward 129 area particularly the target of last correction ended before touching this zone

and this is the third reason wich make us think about correction before any fly

to complete the pattern of head and shoulder on weekly frame and reach 140 zone

so we should focus on 13350 then 13405 , if any breaking and close daily and weekly above

it lead us make buy .


Is the zone 13350-13405 strong

this is the question that should be answered it before

I think it is strong enough to push down the euro again before any think to reach 140 (Complement the head and shoulders pattern on weekly frame)

This zone is:

13350 Fibo 72% of Top 13859
13369 Fibo 50% of Top 14696
13405 Fibo 61.5% of Top 14247
13296 Fibo 50% of Top 14549

Resistance points

3535
3438
3406
3377




Pivot

3240




ٍSupport Points

3306
3277
3245
3148

FARES SHANAB
 
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Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
Is the zone 13350-13405 strong

this is the question that should be answered it before

I think it is strong enough to push down the euro again before any think to reach 140 (Complement the head and shoulders pattern on weekly frame)

This zone is:

13350 Fibo 72% of Top 13859
13369 Fibo 50% of Top 14696
13405 Fibo 61.5% of Top 14247
13296 Fibo 50% of Top 14549

NOW REACH 3277


I think it is strong enough to push down the euro again before any think to reach 140 (Complement the head and shoulders pattern on weekly frame)

Same as SHANABA said

Thanks god

FARES SHANAB
 
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Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
Shanaba pruduced by FARES SHANAB

As SHANABA Said

I think it is strong enough to push down the euro again before any think to reach 140 (Complement the head and shoulders pattern on weekly frame)

Limit rebound from the upper area we have identified

13350 to 13405

For the second time

This shows the strength of our analysis, which relies on a new vision

Likely to fall by the pair to strengthen the line upward about 134

The next week will be the last attempt to enter the 134
 

Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
corrections limits

On 1H frame , There are more than moving lines that made intersection points, which suggests some of the limits of corrections that may occur

down trend:

mov360 with mov500 @ 13213
mov30 with mov55 @13338
mov30 with mov75 @13326
mov20 with mov75 @13323
mov55 with mov100 @13332


Now we just wait mov 30 with 100 , if making any cross will push down the price toward 13280 which moving200
will be the strong Defense and resistance

Then mov 500 at 13216 the next real resistance to push the pair up


let us watch ......


FARES SHANAB
 
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