Forex Levels - Trading recommendations, daily forecast on EURUSD and GBPUSD

Discussion in 'Forex Trading' started by Ivan Urupa, Nov 7, 2011.

  1. 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.
     
  2. Ivan,

    Hello and Welcome to EliteTrader.

    ES
     
  3. 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
     
  4. 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
     
  5. 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
     
  6. 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
     
  7. 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.
     
  8. 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
     
  9. 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
     
  10. 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]
     
    #10     Nov 18, 2011