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

Discussion in 'Market Predictions and Reports' started by Ivan Urupa, Nov 7, 2011.

  1. Ivan Urupa

    Ivan Urupa Recruit

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    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 the system "Forex Levels" which are based on a pair of moving averages, support and resistance levels, and a simplified wave markup.
     
  2. Ivan Urupa

    Ivan Urupa Recruit

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    EURUSD [H1]

    The pair is in a sideways trend. Resistance levels is seen at 1.3814-1.3866, and if the market breaks above that levels 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 1.3597.



    Support levels: 1.3694, 1.3656, 1.3597

    Resistance levels: 1.3814-1.3866, 1.3972

    [​IMG]


    GBPUSD [H1]

    The pair is in a sideways trend. Resistance level is seen at 1.6066, and if the market breaks above that levels we can expect an uptrend to develop with the upside target set at resistance level 1.6130.

    If the pair breaks under support level 1.6000, a downtrend will start with the downside target set at support level 1.5905.


    Support levels: 1.6000, 1.5945, 1.5905

    Resistance levels: 1.6066, 1.6130

    [​IMG]
     
  3. Ivan Urupa

    Ivan Urupa Recruit

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    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

    [​IMG]


    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

    [​IMG]
     
  4. Ivan Urupa

    Ivan Urupa Recruit

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    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

    [​IMG]


    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

    [​IMG]
     
  5. Ivan Urupa

    Ivan Urupa Recruit

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    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

    [​IMG]


    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

    [​IMG]
     
  6. Ivan Urupa

    Ivan Urupa Recruit

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    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

    [​IMG]


    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

    [​IMG]
     
  7. Ivan Urupa

    Ivan Urupa Recruit

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    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

    [​IMG]


    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

    [​IMG]
     
  8. Ivan Urupa

    Ivan Urupa Recruit

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    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 1.3636.

    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, 1.3590, 1.3636

    [​IMG]


    GBPUSD [H1]

    The pair is in a sideways trend. Resistance level is seen at 1.5667, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.5803.

    If the pair breaks under support level 1.5548, a downtrend will start with the downside target set at support level 1.5440.


    Support levels: 1.5548, 1.5485, 1.5440

    Resistance levels: 1.5667, 1.5727, 1.5803

    [​IMG]
     
  9. Ivan Urupa

    Ivan Urupa Recruit

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    EURUSD [H1]

    The pair is trading along an uptrend. Resistance levels 1.3437-1.3456 is seen on the way of the further upside, and if the market breaks above those levels we can expect the uptrend to continue and get to resistance level 1.3506 and above towards resistance level 1.3541.

    If the pair will have no possibility of rising above resistance levels 1.3437-1.3456 and will subsequently drop below support level 1.3340, we can expect a downtrend to develop towards support level 1.3238 and below towards support level 1.3174.


    Support levels: 1.3340, 1.3238, 1.3174

    Resistance levels: 1.3437-1.3456, 1.3506, 1.3541

    [​IMG]


    GBPUSD [H1]

    The pair is trading along an uptrend. Resistance level 1.5586 is seen on the way of the further upside, and if the market breaks above that level we can expect the uptrend to continue and get to resistance level 1.5667.

    If the pair will have no possibility of rising above resistance level 1.5586 and will subsequently drop below support levels 1.5548-1.5522, we can expect a downtrend to develop towards support level 1.5485 and below towards support level 1.5440.


    Support levels: 1.5548-1.5522, 1.5485, 1.5440

    Resistance levels: 1.5586, 1.5667

    [​IMG]
     
  10. Ivan Urupa

    Ivan Urupa Recruit

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    EURUSD [H1]

    The pair is trading along a downtrend. Support level 1.3283 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 1.3174.

    If the pair will have no possibility of getting below support level 1.3283 and will subsequently rise above resistance level 1.3346, we can expect an uptrend to develop towards resistance 1.3440.


    Support levels: 1.3283, 1.3174

    Resistance levels: 1.3346, 1.3396, 1.3440

    [​IMG]


    GBPUSD [H1]

    The pair is trading along a downtrend. Support level 1.5430 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 1.5340.

    If the pair will have no possibility of getting below support level 1.5430 and will subsequently rise above resistance level 1.5485, we can expect an uptrend to develop towards resistance 1.5560.


    Support levels: 1.5430, 1.5340

    Resistance levels: 1.5485, 1.5560

    [​IMG]
     

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