Dear colleagues.
For the EUR / USD pair, the price is in correction and forms the potential for the upward movement of September 27. For the GBP / USD pair, the price is still in the correction zone. For the USD / CHF pair, we expect movement to the level of 0.9779. For the USD / JPY pair, the continuation of the upward trend is expected after the breakdown of 113.25. For the EUR / JPY pair, the price is still in the zone of initial conditions for the downward cycle from September 22. For the GBP / JPY pair, the continuation of the upward movement is expected after the breakdown of 152.84. At the moment, the price is still in correction.
Forecast for September 29:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1866, 1.1829, 1.1801, 1.1742, 1.1700, 1.1642, 1.1607 and 1.1536. Here, the price is in correction and has issued a small potential for the top of September 27. Short-term downward movement is expected in the area of 1.1742 - 1.1700. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 1.1642. In the area of 1.1642 - 1.1607 is the consolidation of the price. The potential value for the bottom is the level of 1.1536, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.1801-1.1829. The breakdown of the last value will lead to in-depth movement. Here, the target is 1.1866. Up until this level we expect the initial conditions for the upward cycle to be formalized.
The main trend is a local downward structure from September 20, the correction stage.
Trading recommendations:
Buy: 1.1801 Take profit: 1.1827
Buy: 1.1832 Take profit: 1.1864
Sell: 1.1700 Take profit: 1.1644
Sell: 1.1640 Take profit: 1.1610
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3549, 1.3483, 1.3435, 1.3372, 1.3298, 1.3246 and 1.3173. Here, we continue to follow the downward structure of September 20. Continued downward movement is expected after the breakdown of 1.3370. In this case, the target is 1.3298. In the area of 1.3298 - 1.3246 is short-term downward movement, as well as consolidation. The potential value for the downward trend is the level of 1.3173, from which we expect a pullback upward.
Short-term uptrend is possible in the area of 1.3435 - 1.3483. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3549. This level is the key support for the downward structure.
The main trend is the downward cycle from September 20.
Trading recommendations:
Buy: 1.3435 Take profit: 1.3480
Buy: 1.3485 Take profit: 1.3545
Sell: 1.3370 Take profit: 1.3300
Sell: 1.3296 Take profit: 1.3248
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9868, 0.9810, 0.9779, 0.9725, 0.9683, 0.9656 and 0.9606. Here, we continue to follow the upward structure of September 8. Continued upward movement is expected after the breakdown of 0.9725. Here, the first target is 0.9779. In the area of 0.9779 - 0.9810 is short-term upward movement, as well as consolidation. The potential value for the top is the level of 0.9868, from which we expect a pullback downwards.
The consolidated downside is possible in the range of 0.9683 - 0.9656. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9606. This level is the key support for the top in the scale of H1. Its breakdown will allow us to count on the movement towards the potential target of 0.9539.
The main trend is the upward structure of September 8.
Trading recommendations:
Buy: 0.9725 Take profit: 0.9778
Buy: 0.9810 Take profit: 0.9865
Sell: 0.9654 Take profit: 0.9608
Sell: 0.9603 Take profit: 0.9540
For the USD / JPY pair, the key levels on the scale are: 115.15, 114.26, 113.25, 112.79, 112.31, 111.95 and 111.32. Here, the continuation of the development of the upward trend is expected after passing the price of the noise range of 112.79 - 113.25. In this case, the target is 114.26. Near this level is the consolidation of the price. The potential value for the top is the level of 115.15, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 112.31 - 111.95. The breakdown of the last value will lead to in-depth correction. Here, the target is 111.32. This level is the key support for the top.
The main trend is the upward structure of September 8.
Trading recommendations:
Buy: 113.27 Take profit: 114.24
Buy: 114.28 Take profit: 115.12
Sell: 111.30 Take profit: 111.96
Sell: 111.93 Take profit: 111.34
For the CAD / USD pair, the key levels on the H1 scale are: 1.2770, 1.2663, 1.2607, 1.2551, 1.2504, 1.2442, 1.2381, 1.2312 and 1.2222. Here, the price does not yet create local initial conditions for the top. So for now, we are using the upward structure of September 8. Short-term upward movement is expected in the area of 1.2504 - 1.2551. The breakdown of the last value will lead to a movement towards the level of 1.2607. In the area of 1.2607 - 1.2663 is the consolidation of the price. The potential value for the upward trend is the level of 1.2770, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.2442 - 1.2381. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2312. This level is the key support for the top. Passing this price will lead to the development of a downward structure. In this case, the target is 1.2222.
The main trend is the upward structure of September 8.
Trading recommendations:
Buy: 1.2551 Take profit: 1.2605
Buy: 1.2665 Take profit: 1.2770
Sell: 1.2440 Take profit: 1.2384
Sell: 1.2379 Take profit: 1.2314
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7951, 0.7923, 0.7889, 0.7864, 0.7795, 0.7770 and 0.7720. Here, we continue to follow the downward structure from September 20. Currently, we expect it to reach the level of 0.7795. In the area of 0.7795 - 0.7770 is the consolidation of the price. The potential value for the bottom is the level of 0.7720, from which we expect the correction to begin.
Short-term upward movement is possible in the area of 0.7864 - 0.7889. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7923. Up to the level of 0.7951 we expect formalized initial conditions for the upward cycle.
The main trend is the downward structure of September 20.
Trading recommendations:
Buy: 0.7864 Take profit: 0.7886
Buy: 0.7892 Take profit: 0.7920
Sell: 0.7795 Take profit: 0.7772
Sell: 0.7768 Take profit: 0.7725
For the EUR / JPY pair, the key levels on the scale of H1 are: 133.83, 133.25, 132.79, 131.85, 131.32, 130.34, 129.99 and 129.32. Here, we continue to monitor the formation of a downward structure from September 22. Continued downward movement is expected after the breakdown of 131.85. Here, the target is 131.32. Near this level is the consolidation of the price. The breakdown at 131.30 should be accompanied by a pronounced downward movement towards 130.34. In the area of 130.34 - 129.99 is the consolidation of the price. We consider the potential value for the downward movement to be at 129.32, from which we expect a pullback upward.
Short-term upward movement is possible in the area of 132.79 - 133.25. The breakdown of the last value will lead to in-depth correction. Here, the target is 133.83. This level is the key support for the downward structure from September 22.
The main trend is the formation of a downward structure from September 22.
Trading recommendations:
Buy: 132.80 Take profit: 133.20
Buy: 133.27 Take profit: 133.80
Sell: 131.85 Take profit: 131.35
Sell: 131.28 Take profit: 130.40
For the GBP / JPY pair, the key levels on the scale of H1 are: 156.45, 155.47, 153.96, 152.84, 150.20, 149.53, 148.52 and 146.86. Here, we continue to follow the upward structure of September 14. At the moment, we expect the movement to reach 152.84, after which we expect consolidation in the area of 152.84 - 153.96. The level break at 154.00 should be accompanied by a pronounced movement towards the level of 155.47. The potential value for the top is the level 156.45.
Short-term downward movement is possible in the area of 150.20 - 149.53. The breakdown of the last value will lead to in-depth correction. Here, the target is 148.52. This level is the key support for the top. Its breakdown will lead to the development of the downward structure.
The main trend is the local cycle of September 14.
Trading recommendations:
Buy: 152.84 Take profit: 153.92
Buy: 154.00 Take profit: 155.45
Sell: 150.20 Take profit: 149.55
Sell: 149.48 Take profit: 148.60
