Hi all! In this topic, every day, before the opening of the European session I'll publish trading recommendations on two major currency pairs EURUSD and GBPUSD. Analysis and forecasting of currency market is on a system which is based on a pair of moving averages, support and resistance levels, and a simplified wave markup.
EURUSD [H1] The pair is in a sideways trend. Resistance level is seen at 1.3866, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3972. If the pair breaks under support level 1.3773, a downtrend will start with the downside target set at support level 1.3694. Support levels: 1.3773, 1.3694 Resistance levels: 1.3866, 1.3972 GBPUSD [H1] The pair is in a sideways trend. Resistance level is seen at 1.6130, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.6272. If the pair breaks under support level 1.6040, a downtrend will start with the downside target set at support level 1.5958. Support levels: 1.6040, 1.6000, 1.5958 Resistance levels: 1.6130, 1.6176, 1.6272
EURUSD [H1] The pair is trading along a downtrend. Support level 1.3520 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.3438. If the pair will have no possibility of getting below support level 1.3520 and will subsequently rise above resistance level 1.3597, we can expect an uptrend to develop towards resistance 1.3656 and below towards resistance level 1.3695. Support levels: 1.3520, 1.3438 Resistance levels: 1.3597, 1.3656, 1.3695 GBPUSD [H1] The pair is trading along a downtrend. Support level 1.5905 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.5880 and below towards support level 1.5819. If the pair will have no possibility of getting below support level 1.5905 and will subsequently rise above resistance level 1.65960, we can expect an uptrend to develop towards resistance 1.6000 and below towards resistance level 1.6047. Support levels: 1.5905, 1.5880, 1.5819 Resistance levels: 1.5960, 1.6000, 1.6047
EURUSD [H1] The pair is in a sideways trend. Resistance levels is seen at 1.3642-1.3695, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3833. If the pair breaks under support level 1.3541, a downtrend will start with the downside target set at support level 1.3438. Support levels: 1.3541, 1.3438 Resistance levels: 1.3642-1.3695, 1.3773, 1.3833 GBPUSD [H1] The pair is in a sideways trend. Resistance level is seen at 1.5965, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.6047. If the pair breaks under support levels 1.5908-1.5883, a downtrend will start with the downside target set at support level 1.5710. Support levels: 1.5908-1.5883, 1.5819, 1.5710 Resistance levels: 1.5965, 1.6000, 1.6047
EURUSD [H1] The pair is in a sideways trend. Resistance level is seen at 1.3833, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3972. If the pair breaks under support level 1.3694, a downtrend will start with the downside target set at support level 1.3541. Support levels: 1.3694, 1.3642, 1.3594, 1.3541 Resistance levels: 1.3833, 1.3972 GBPUSD [H1] The pair is in a sideways trend. Resistance levels is seen at 1.6088-1.6130, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.6272. If the pair breaks under support levels 1.6046-1.6000, a downtrend will start with the downside target set at support level 1.5908. Support levels: 1.6046-1.6000, 1.5960, 1.5908 Resistance levels: 1.6088-1.6130, 1.6177, 1.6272
GBPUSD WILL go to 1.6225 minimum in a day or two based on my system and not a random guess (I give about 90% probability). Obviously I expect the other pairs to trade accordingly but I dont have definite levels. Afterwards I have no freaking clue. Will stand by.
EURUSD [H1] The pair is trading along a downtrend. Support levels 1.3594-1.3541 is seen on the way down of its further development, and if the market breaks under those levels we can expect the downtrend to continue and drop to support level 1.3485 and below towards support level 1.3438. If the pair will have no possibility of getting below support levels 1.3594-1.3541 and will subsequently rise above resistance level 1.3642, we can expect an uptrend to develop towards resistance 1.3695 and above towards resistance level 1.3773. Support levels: 1.3594-1.3541, 1.3485, 1.3438 Resistance levels: 1.3642, 1.3695, 1.3773 GBPUSD [H1] The pair is trading along a downtrend. Support levels 1.5883-1.5861 is seen on the way down of its further development, and if the market breaks under those levels we can expect the downtrend to continue and drop to support level 1.5818 and below towards support level 1.5710. If the pair will have no possibility of getting below support levels 1.5883-1.5861 and will subsequently rise above resistance levels 1.5908-1.5944, we can expect an uptrend to develop towards resistance 1.6000 and above towards resistance level 1.6088. Support levels: 1.5883-1.5861, 1.5818, 1.5710 Resistance levels: 1.5908-1.5944, 1.6000, 1.6088
EURUSD [H1] The pair is trading along a downtrend. Support level 1.3438 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.3341. If the pair will have no possibility of getting below support level 1.3438 and will subsequently rise above resistance level 1.3541, we can expect an uptrend to develop towards resistance 1.3594 and above towards resistance level 1.3642. Support levels: 1.3438, 1.3341 Resistance levels: 1.3541, 1.3594, 1.3642 GBPUSD [H1] The pair is trading along a downtrend. Support level 1.5710 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.5667 and below towards support level 1.5575. If the pair will have no possibility of getting below support level 1.5710 and will subsequently rise above resistance level 1.5818, we can expect an uptrend to develop towards resistance 1.5861 and above towards resistance level 1.5908. Support levels: 1.5710, 1.5667, 1.5575 Resistance levels: 1.5818, 1.5861, 1.5908
EURUSD [H1] The pair is in a sideways trend. Resistance level is seen at 1.3541, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3642. If the pair breaks under support level 1.3438, a downtrend will start with the downside target set at support level 1.3341. Support levels: 1.3438, 1.3341 Resistance levels: 1.3541, 1.3594, 1.3642 GBPUSD [H1] The pair is in a sideways trend. Resistance level is seen at 1.5818, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.5908. If the pair breaks under support levels 1.5710-1.5667, a downtrend will start with the downside target set at support level 1.5575. Support levels: 1.5710-1.5667, 1.5575 Resistance levels: 1.5818, 1.5908 add XAUUSD [H1]