Dear colleagues.
For the EUR / USD pair, we follow the formation of the upward structure from October 18. At the current moment, the price is in the zone of initial conditions. For the GBP / USD pair, the continued development of the downward structure from October 13 is expected after the breakdown of 1.3086. For the USD / CHF pair, we follow the upward structure of October 13. For the USD / JPY pair, we follow the development of the upward structure of October 16. For the EUR / JPY pair, there are revised key objectives for the upward structure of October 16. For the GBP / JPY pair, the situation is still in an equilibrium state.
The forecast for October 20:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1955, 1.1937, 1.1886, 1.1864, 1.1807, 1.1793, 1.1774 and 1.1728. Here, we consider the upward structure of October 18 as the area of large initial conditions. The short-term upward movement is expected in the area of 1.1864-1.1886. The breakdown of the last value will lead to the development of a pronounced movement. Here, the target is 1.1937. The potential value for the top is 1.1955, after which we expect consolidation in the area of 1.1937-1.1955.
A short-term downward movement is possible in the area of 1.1807-1.1793. The breakdown of the latter value will lead to an in-depth movement. Here, the target is 1.1774. The breakdown of this level will cancel the development of the upward structure from October 18.
The main trend is the upward structure of October 18.
Trading recommendations:
Buy: 1.1864 Take profit: 1.1884
Buy: 1.1888 Take profit: 1.1935
Sell: 1.1792 Take profit: 1.1776
Sell: 1.1772 Take profit: 1.1735
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3268, 1.3213, 1.3173, 1.3086, 1.3012, 1.2965 and 1.2894. Here, we follow the downward structure of October 13. Continued downward movement is expected after the breakdown of 1.3086. In this case, the target is 1.3012. In the area of 1.3012 - 1.2965, we expect short-term downward movement as well as the consolidation of the price. The potential value for the downward structure is the level of 1.2894, from which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.3173 - 1.3213. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3268.
The main trend is the downward structure of October 13.
Trading recommendations:
Buy: 1.3173 Take profit: 1.3211
Buy: 1.3215 Take profit: 1.3265
Sell: 1.3084 Take profit: 1.3015
Sell: 1.3010 Take profit: 1.2970
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9908, 0.9882, 0.9832, 0.9814, 0.9770, 0.9754, 0.9732 and 0.9711. Here, we continue to monitor the formation of the upward structure of October 13. Short-term upward movement is expected after the breakdown of 0.9814 - 0.9832. The breakdown of the last value will lead to the development of a pronounced upward movement. Here, the target is 0.9882. The potential value for the top is the level of 0.9908, upon reaching which we expect a rollback to the correction.
Short-term downward movement is possible in the area of 0.9770 - 0.9754. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9732. This level is the key support for the top. Its breakdown will lead to a downward movement. In this case, the target is 0.9711.
The main trend is the formation of the upward structure of October 13.
Trading recommendations:
Buy: 0.9814 Take profit: 0.9830
Buy: 0.9834 Take profit: 0.9880
Sell: 0.9770 Take profit: 0.9755
Sell: 0.9752 Take profit: 0.9734
For the USD / JPY pair, the key levels on a scale are: 114.55, 114.14, 113.42, 113.16, 112.77, 112.52 and 112.19. Here, we follow the formation of the upward structure of October 16. Short-term upward movement is expected in the area of 113.16 - 113.42. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 114.14. The potential value for the top is the level of 114.55, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 112.77 - 112.52. The breakdown of the latter value will lead to in-depth movement. Here, the target is 112.19. This level is the key support for the top.
The main trend is the formation of the upward structure of October 16.
Trading recommendations:
Buy: 113.16 Take profit: 113.40
Buy: 113.46 Take profit: 114.10
Sell: 112.77 Take profit: 112.55
Sell: 112.48 Take profit: 112.20
For the CAD / USD pair, the key H1 scale levels are: 1.2581, 1.2549, 1.2521, 1.2494, 1.2448, 1.2414, 1.2389 and 1.2351. Here, we follow the formation of the initial conditions for the downward movement of October 17. The continuation of the movement downwards is expected after the breakdown of 1.2448. In this case, the target is 1.2414. The breakdown of this level, in turn, will allow us to count on the movement towards the level of 1.2389. Near this level is the the consolidation of the price. The potential value for the bottom is the level of 1.2351, from which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.2494 - 1.2521. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2549. This level is the key support for the downward structure.
The main trend is the formation of a downward structure from October 17.
Trading recommendations:
Buy: 1.2521 Take profit: 1.2545
Buy: 1.2550 Take profit: 1.2580
Sell: 1.2446 Take profit: 1.2416
Sell: 1.2412 Take profit: 1.2392
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7954, 0.7931, 0.7900, 0.7885, 0.7846, 0.7822 and 0.7772. Here, we continue to follow the upward structure of October 6. At the moment, the price is in a deep correction. Passing the price of the noise range at 0.7885 - 0.7900 will allow us to count on the movement towards 0.7931. Near this level is the consolidation of the price. The breakdown of 0.7933 should be accompanied by a movement towards the potential target of 0.7954, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.7846 - 0.7822. The breakdown of the latter value will lead to the development of a downward trend in the scale of H1. Here, the potential target is 0.7772.
The main trend is the upward structure of October 6, the stage of deep correction.
Trading recommendations:
Buy: 0.7900 Take profit: 0.7930
Buy: 0.7933 Take profit: 0.7954
Sell: 0.7844 Take profit: 0.7825
Sell: 0.7818 Take profit: 0.7790
For the EUR / JPY pair, the key levels on the scale of H1 are: 135.69, 135.15, 134.37, 133.82, 133.00, 132.72, 132.33 and 131.66. Here, we follow the development of the upward structure of October 16. Short-term upward movement is expected in the range of 133.82 - 134.37. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 135.15. The potential value for the top is the level of 135.69, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 133.00 - 132.72. The breakdown of the last value will lead to in-depth movement. Here, the target is 132.33. This level is the key support for the bottom.
The main trend is the formation of the upward structure of October 16.
Trading recommendations:
Buy: 133.85 Take profit: 134.30
Buy: 134.40 Take profit: 135.15
Sell: 133.00 Take profit: 132.74
Sell: 132.68 Take profit: 132.36
For the GBP / JPY pair, the key levels on the scale of H1 are: 151.07, 150.64, 150.40, 149.76, 149.49, 148.92, 148.12, 147.61 and 147.03. Here, the price is in an equilibrium state. The continuation of the upward movement is possible after the breakdown of 148.92. In this case, the first target is 149.49. Short-term upward movement is expected in the area of 149.49 - 149.76. The breakdown of the latter value will lead to the development of a pronounced movement. Here, the target is 150.40. In the area of 150.40 - 150.64 is the consolidation of the price. The potential value for the upward movement is still the level of 151.07, from which we expect a pullback downwards.
Short-term downtrend is possible in the range of 148.12 - 147.61. The breakdown of the last value will initiate the development of the downward structure on the scale of H1. In this case, the first potential target is 147.03. Near this level is the consolidation of the price.
The main trend is the equilibrium situation.
Trading recommendations:
Buy: 148.92 Take profit: 149.49
Buy: 149.80 Take profit: 150.40
Sell: 148.10 Take profit: 147.70
Sell: 147.55 Take profit: 147.10
