Australian (ASX) Stock Market Forum

"Forex Levels" - Daily EURUSD and GBPUSD forecast

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This is not trading signals, just forecasts. If this levels is not helpful for you - don't read.
You can looks on this levels, but need to trade by your trading system.
If want to know more about this levels, how to trade by them (how to use it in trading system), I can teach.
Trading signals I will start to post some later.
 
All you have done is draw lines and "forecast" that price may go up or it may go down. This is not news to most of us.

If you really want to enlighten the readers then you should add more information, such as a basic trading strategy.

If you are merely trying to advertise your "training" services then show us that you know something of value.
 
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

eurusdh1-24.11.11.gif



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

gbpusdh1-24.11.11.gif
 
This is not trading signals, just forecasts. If this levels is not helpful for you - don't read.
You can looks on this levels, but need to trade by your trading system.
If want to know more about this levels, how to trade by them (how to use it in trading system), I can teach.
Trading signals I will start to post some later.

Seriously Ivan, your posts waste of good bandwidth at the moment.
You need to be able to explain what you are posting before you can teach !


All you have done is draw lines and "forecast" that price may go up or it may go down. This is not news to most of us.

If you really want to enlighten the readers then you should add more information, such as a basic trading strategy.

If you are merely trying to advertise your "training" services then show us that you know something of value.

He has learned to copy and paste peter2, learning what he is copying and pasting is taking a while longer to figure out.
Let's guess what tomorrow's opening line will be, will it start with "the pair is trading along an uptrend, downtrend or a sideways trend" and if it goes up it will go this way and if it goes down it will go this way !
:D

Now where have I seen these charts before...
http://forexmillion.com/forex-forecast/eur-usd
 
After some consideration I fail to see what this thread has to offer ASF members and visitors. Thread closed.
 
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