Dear colleagues.
For the EUR / USD pair, we follow the formation of the local downward structure from October 19. The development of the trend is expected after the breakdown of 1.1711. For the GBP / USD pair, continued downward movement is expected after the breakdown at 1.3084. For the USD / CHF pair, the potential for the upward structure of October 19 was expanded. For the USD / JPY pair, we follow the development of the upward structure from October 16. The continuation of the upward movement is expected after the breakdown of 114.12. For the EUR / JPY, the resumption of the upward movement is expected after the breakdown of 134.45. For the GBP / JPY pair, the price is close to the key support for the upward structure, namely the level of 149.00. The resumption of the upward movement is expected after the breakdown of 150.10.
Forecast for October 25:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1856, 1.1818, 1.1793, 1.1774, 1.1746, 1.1726, 1.1711 and 1.1669. Here, we continue to monitor the formation of the local downward structure of October 19. Continued downward movement is expected after the breakdown of 1.1746. In this case, the target is 1.1726. Near this level is the consolidation of the price. Passing the price of the noise range at 1.1726 - 1.1711 should be accompanied by a pronounced downward movement. Here, the target is 1.1669, from which we expect a rollback upward.
Short-term upward movement is possible in the area of 1.1774-1.1793. The breakdown of the latter value will lead to an in-depth movement. Here, the target is 1.1818. The breakdown of this level will lead to the development of the upward structure on the scale of H1. In this case, the potential target is 1.1856.
The main trend is a local downward structure from October 19.
Trading recommendations:
Buy: 1.1774 Take profit: 1.1790
Buy: 1.1795 Take profit: 1.1816
Sell: 1.1744 Take profit: 1.1726
Sell: 1.1710 Take profit: 1.1680
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 continue to 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 an in-depth correction. Here, the target is 1.3268. The breakdown of this level will lead to an upward movement on the scale of H1. In this case, the target is 1.3342.
The main trend is the downward structure of October 13.
Trading recommendations:
Buy: 1.3215 Take profit: 1.3265
Buy: 1.3270 Take profit: 1.3340
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: 1.0005, 0.9981, 0.9944, 0.9918, 0.9878, 0.9859, 0.9828 and 0.9786. Here, we follow the development of the upward cycle of October 19. Continued upward movement is expected after the breakdown of 0.9918. In this case, the target is 0.9944. Near this is the consolidation of the price. Its breakdown will allow us to count on a pronounced movement towards 0.9981. The potential value for the top is the level of 1.0005, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.9878 - 0.9859. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9828. This level is the key support for the top. Its breakdown will lead to a downward movement. In this case, the target is 0.9786.
The main trend is the local upward structure of October 19.
Trading recommendations:
Buy: 0.9918 Take profit: 0.9942
Buy: 0.9946 Take profit: 0.9980
Sell: 0.9878 Take profit: 0.9860
Sell: 0.9855 Take profit: 0.9830
For the USD / JPY pair, the key levels on a scale are: 115.25, 114.97, 114.48, 114.12, 113.54, 113.24, 112.90 and 112.52. Here, we continue to follow the upward cycle of October 16. Continued upward movement is expected after the breakdown of 114.12. In this case, the target is 114.48. Near this level is the consolidation of the price. Breaking the level of 114.50 should be accompanied by a pronounced upward movement. Here, the target is 114.97. The potential value for the top is the level of 115.25, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 113.54 - 113.24. The breakdown of the last value will lead to in-depth movement. Here, the target is 112.90. This level is the key support for the top. Its breakdown will allow us to count on the movement towards the level of 112.52.
The main trend is the upward cycle of October 16.
Trading recommendations:
Buy: 114.12 Take profit: 114.46
Buy: 114.50 Take profit: 114.95
Sell: 113.52 Take profit: 113.30
Sell: 113.22 Take profit: 112.90
For the CAD / USD pair, the key levels on the H1 scale are: 1.2840, 1.2785, 1.2758, 1.2713, 1.2685, 1.2641, 1.2610 and 1.2566. Here, we continue to monitor the formation of the upward structure of October 19. The continuation of the upward movement is expected after passing the price of the noise range at 1.2685 - 1.2713. In this case, the target is 1.2758. In the area of 1.2758 - 1.2785 is the consolidation of the price. The potential value for the top is the level of 1.2840, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.2641 - 1.2610. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2566. This level is the key support for the upward structure.
The main trend is the formation of the upward structure of October 19.
Trading recommendations:
Buy: 1.2715 Take profit: 1.2780
Buy: 1.2786 Take profit: 1.2840
Sell: 1.2640 Take profit: 1.2615
Sell: 1.2608 Take profit: 1.2578
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7793, 0.7767, 0.7749, 0.7716, 0.7686 and 0.7667. Here, we follow the downward structure of October 13. At the moment, we expect movement towards the level of 0.7716. Near this level is the consolidation of the price. The breakdown at 0.7710 will allow us to count on the movement towards the level of 0.7686. The potential value for the downward structure is the level of 0.7667, from which we expect a pullback upward.
Short-term upward movement is possible in the area of 0.7749 - 0.7767. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7793.
The main trend is a downward local structure from October 19.
Trading recommendations:
Buy: 0.7750 Take profit: 0.7765
Buy: 0.7770 Take profit: 0.7790
Sell: 0.7710 Take profit: 0.7690
Sell: 0.7684 Take profit: 0.7670
For the of 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 continue to 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: 151.73, 151.07, 150.64, 150.40, 149.79, 149.49 and 149.00. Here, we continue to follow the upward structure from October 17. At the moment, the price is in the correction zone. Continued upward movement is expected after the breakdown of the level of 150.08. In this case, the first target is 150.40. In the area of 150.40 - 150.64 is the consolidation of the price. The breakdown at the level of 150.66 will allow us to count on the expressed movement. Here, the target is 151.07. Near this level is the consolidation of the price. The potential value for the top is the level 151.73, from which we expect a rollback.
Consolidated movement is possible in the range of 149.49 - 149.00. The breakdown of the last value will lead to the lifting of the upward trend. Here, the target is 148.37. Up to this level, we expect formalized initial conditions for the downward cycle.
The main trend is the upward structure from October 17, the stage of deep correction.
Trading recommendations:
Buy: 150.08 Take profit: 150.40
Buy: 150.66 Take profit: 151.05
Sell: Take profit:
Sell: 149.00 Take profit: 148.40
