Dear colleagues.
For the EUR / USD pair, the continuation of the development of the upward structure on the scale of H1 is expected after the breakdown of 1.1890. For the GBP / USD pair, the movement in the correction area did not change the key objectives for the upward structure. For the USD / CHF pair, the price is still in correction, the key support for the downward structure is 0.9782. For the of USD / JPY pair, the price is close to canceling the upward trend at the scale of H1, for which a breakdown of 111.95 is necessary. For the EUR / JPY pair, the continuation of the upward movement is expected after the breakdown at 133.30. The key support for the top is 132.52. For the GBP / JPY pair, the key objectives for the upward structure remained unchanged and the continuation of the upward movement is expected after the breakdown at 149.15.
Forecast for October 13:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1987, 1.1948, 1.1888, 1.1866, 1.1837, 1.1815, 1.1789 and 1.1731. Here, we continue to follow the upward structure of October 6. The continuation of the upward movement is expected after passing the price of the noise range at 1.1866 - 1.1888. In this case, the target is 1.1948. The potential value for the top is the level of 1.1987, after which we expect consolidation as well as a pullback to the bottom.
Short-term downward movement is possible in the area of 1.1837-1.1815. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1789. This level is the key support for the top. Passing the price will lead to the development of a downward trend. In this case, the potential target is 1.1731.
The main trend is the upward structure of October 6.
Trading recommendations:
Buy: 1.1890 Take profit: 1.1945
Buy: 1.1950 Take profit: 1.1985
Sell: 1.1837 Take profit: 1.1816
Sell: 1.1813 Take profit: 1.1790
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3432, 1.3401, 1.3342, 1.3303, 1.3219, 1.3173, 1.3123 and 1.3027. Here, we continue to follow the upward structure of October 6. At the moment, we expect the move to the level of 1.3303. In the area of 1.3303 - 1.3342 is the consolidation of the price. Breaking the level of 1.3342 should be accompanied by a pronounced movement to the level of 1.3401. The potential value for the top is still the level of 1.3432, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3219 - 1.3173. The breakdown of the last value will lead to an in-depth movement. Here, the target is 1.3123. This level is the key support for the top.
The main trend is the upward structure of October 6.
Trading recommendations:
Buy: 1.3304 Take profit: 1.3340
Buy: 1.3344 Take profit: 1.3400
Sell: 1.3217 Take profit: 1.3175
Sell: 1.3170 Take profit: 1.3125
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9782, 0.9759, 0.9742, 0.9711, 0.9696, 0.9661 and 0.9634. Here, we follow the downward structure of October 6. Continued development of the downward cycle is expected after passing the price of the noise range at 0.9711 - 0.9696. In this case, the target is 0.9661. The potential value for the bottom is the level of 0.9634, from which we expect a rollback upward.
Short-term upward movement is possible in the area of 0.9742 - 0.9759. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9782. This level is the key support for the downward structure.
The main trend is the downward structure of October 6.
Trading recommendations:
Buy: 0.9742 Take profit: 0.9756
Buy: 0.9762 Take profit: 0.9780
Sell: 0.9695 Take profit: 0.9665
Sell: 0.9658 Take profit: 0.9640
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. At the current time, the price is in correction. 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 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, the correction stage.
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: 1.2510, 1.2487, 1.2471, 1.2445, 1.2427, 1.2412 and 1.2380. Here, we follow the downward structure of October 6. Continued downward movement is expected after the breakdown of 1.2445. In this case, the target is 1.2427. In the area of 1.2427 - 1.2412 is the consolidation of the price. The potential value for the downward trend is the level of 1.2380, from which we expect a pullback upward.
Short-term upward movement is possible in the area of 1.2471 - 1.2487. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2510. This level is the key support for the downward structure.
The main trend is the downward structure of October 6.
Trading recommendations:
Buy: 1.2471 Take profit: 1.2485
Buy: 1.2490 Take profit: 1.2510
Sell: 1.2443 Take profit: 1.2427
Sell: 1.2410 Take profit: 1.2380
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7897, 0.7883, 0.7859, 0.7843, 0.7835, 0.7799, 0.7789 and 0.7772. Here, we follow the upward structure of October 6. Passing the price of the noise range at 0.7835 - 0.7843 will allow us to count on the movement towards 0.7859. Near this level is the consolidation of the price. The breakdown at 0.7860 should be accompanied by a pronounced movement towards 0.7883. The potential value for the top is the level of 0.7897, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.7799 - 0.7789. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7772.
The main trend is the upward structure of October 6.
Trading recommendations:
Buy: 0.7845 Take profit: 0.7855
Buy: 0.7862 Take profit: 0.7880
Sell: 0.7799 Take profit: 0.7790
Sell: 0.7786 Take profit: 0.7774
For the of EUR / JPY, the key levels on the scale of H1 are: 134.44, 134.16, 133.98, 133.65, 133.30, 132.92 and 132.52. Here, we follow the upward cycle of October 5. The continuation of the upward movement is expected after the breakdown at 133.30. In this case, the first target is 133.65. The breakdown of this level will allow us to count on the movement towards 133.98. In the area of 133.98 - 134.16 is consolidation of the price. The potential value for the top is the level of 134.44, from which we expect a pullback downwards.
Consolidated traffic is possible in the area of 132.92 - 132.52. The breakdown of the last value will lead to the development of a downward structure. Here, the target is 131.85. Up to this level, we expect formalized initial conditions for the downward cycle.
The main trend is the upward structure from October 5, the correction stage.
Trading recommendations:
Buy: 133.30 Take profit: 133.62
Buy: 132.67 Take profit: 133.98
Sell: 132.50 Take profit: 132.93
Sell: 132.88 Take profit: 131.95
For the GBP / JPY pair, the key levels on the scale of H1 are: 150.75, 150.17, 149.73, 149.15, 148.52, 148.12 and 147.61. Here, we continue to follow the upward structure of October 6. The continuation of the upward movement is expected after the breakdown at 149.15. In this case, the target is 149.73. Near this is the consolidation of the price. Its breakdown will allow us to count on the movement towards 150.17. The potential value for the top is the level of 150.75, from which we expect the development of the corrective movement downwards.
Short-term downward movement is expected in the range of 148.52 - 148.12. The breakdown of the latter value will lead to the development of in-depth correction. Here, the target is 147.61. This level is the key support for the top.
The main trend is the upward structure of October 6.
Trading recommendations:
Buy: 149.15 Take profit: 149.70
Buy: 149.78 Take profit: 150.15
Sell: 148.50 Take profit: 148.15
Sell: 148.08 Take profit: 147.65
