Dear colleagues.
For the EUR / USD pair, the price issued a local structure for the downward movement of September 29. For the GBP / USD pair, we have expanded the potential for downward movement to the level of 1.3045. For the USD / CHF pair, subsequent targets for the top were set from the local structure on September 29. For the USD / JPY pair, the subsequent targets will be determined from the upward structure on September 26 upon reaching level 114.26. 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 price is close to the key support for the top of 149.53 - 148.52. The continuation of the upward movement is possible after the breakdown of 151.44.
The forecast for October 3:
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 created a local structure for the downward movement of September 29. Short-term downward movement as well as consolidation is expected in the area of 1.1742 - 1.1700. The breakdown of the last value should be accompanied by a pronounced downward movement. 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 to this level, we expect the initial conditions for the upward cycle to be formalized.
The main trend is the local structure for the bottom of September 29.
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: 1.3380, 1.3331, 1.3298, 1.3246, 1.3173, 1.3133 and 1.3045. Here, we continue to follow the downward structure of September 20. Continued downward movement is expected after the breakdown of 1.3244. In this case, the target is 1.3173. In the area of 1.3173 - 1.3135 is the consolidation of the price. We consider the level of 1.3045 to be a potential value for the downward trend, from which we expect a pullback to the top.
Short-term upward movement is possible in the area of 1.3298 - 1.3330. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3380. This level is the key support for the downward structure.
The main trend is the downward cycle from September 20.
Trading recommendations:
Buy: 1.3298 Take profit: 1.3330
Buy: 1.3333 Take profit: 1.3380
Sell: 1.3244 Take profit: 1.3175
Sell: 1.3130 Take profit: 1.3047
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9872, 0.9842, 0.9819, 0.9786, 0.9752, 0.9733, 0.9702 and 0.9670. Here, the subsequent objectives for the top were determined from the local structure on 29 September. Continued upward movement is expected after the breakdown of 0.9786. In this case, the target is 0.9819. In the area of 0.9819 - 0.9842 is the consolidation of the price. The potential value for the top is the level of 0.9872, from which we expect a pullback downwards.
The consolidated downward trend is possible in the range of 0.9752 - 0.9733. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9702. This level is the key support for the top on the scale of H1. Its breakdown will allow us to count on the movement towards the potential target of 0.9670.
The main trend is a local upward structure dated September 29.
Trading recommendations:
Buy: 0.9786 Take profit: 0.9819
Buy: 0.9822 Take profit: 0.9840
Sell: 0.9733 Take profit: 0.9705
Sell: 0.9700 Take profit: 0.9675
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, we continue to follow the main upward trend of September 8. Continued development of the upward trend is expected after passing the price of the noise range at 112.79 - 113.25. In this case, the target is 114.26. Near this level is the consolidation. 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, we follow 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 by the 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 the pair 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 until the level of 0.7951, we expect the formation of 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 H1 scale are: 156.45, 155.47, 153.96, 152.84, 151.44, 149.53, 148.52 and 146.86. Here, we continue to follow the upward structure of September 14. At the moment, the price is in correction. Continued upward movement is expected after the breakdown at 151.44. In this case, the first target is 152.84. In the area of 152.84 - 153.96 is the consolidation of the price. The breakdown of the level of 153.96 will allow us to count on the movement towards the potential target of 155.47. In the area of 155.47 - 156.45 is consolidation and pullback to the bottom.
The range of 149.53 - 148.52 is the key support for the upward structure. Passing by the price will lead to the development of the downward movement. Here, the target is 146.86. The potential value for the bottom is still the level of 145.19.
The main trend is the local cycle from September 14, the correction stage.
Trading recommendations:
Buy: 151.44 Take profit: 152.84
Buy: 153.98 Take profit: 155.45
Sell: 148.50 Take profit: 146.90
Sell: 146.84 Take profit: 145.25
