Dear colleagues.
For the EUR / USD pair, the price entered the equilibrium state. The level of 1.1856 is the key resistance for the upward movement. For the GBP / USD pair, the subsequent targets on the scale of H1 are determined from the upward structure of October 20. For the USD / CHF pair, continued upward movement is expected after the breakdown of 0.9918. At the moment, the price is in correction. For the USD / JPY pair, we follow the development of the upward structure of October 16. For the EUR / JPY pair, we have expanded the potential for the upward movement to the level of 136.34. For the GBP / JPY pair, the continuation of the upward movement is expected after the breakdown at 151.10.
Forecast for October 26:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1918, 1.1893, 1.1878, 1.1856, 1.1798, 1.1774, 1.1746, 1.1719 and 1.1669. Here, we have not yet seen the development of the downward structure. The level of 1.1856 is the key resistance for the development of the upward trend of October 23. Its breakdown will allow us to count on the movement towards 1.1878. In the area of 1.1878 - 1.1893 is the consolidation of the price. The potential value for the top is the level of 1.1918, after which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.1798-1.1774. The breakdown of the last value will lead to a deeper movement. Here, the target is 1.1746. The breakdown of this level will lead to the development of the downward movement. Here, the first target is 1.1719.
The main trend is the equilibrium status.
Trading recommendations:
Buy: 1.1856 Take profit: 1.1878
Buy: 1.1895 Take profit: 1.1916
Sell: 1.1798 Take profit: 1.1776
Sell: 1.1772 Take profit: 1.1748
For the GBP / USD pair, the key levels on the H1 scale are: 1.3420, 1.3371, 1.3334, 1.3284, 1.3213, 1.3172 and 1.3086. Here, we determined the subsequent goals from the upward structure on October 20. Continued upward movement is expected after the breakdown of 1.3284. In this case, the target is 1.3334. In the area of 1.3334 - 1.3371 is the consolidation of the price. The potential value for the top is the level of 1.3420. The movement towards this level is expected after the breakdown of 1.3371.
Short-term downward movement is possible in the area of 1.3213 - 1.3173. The breakdown of the latter value will lead to the development of a downward movement. Here, the first target is 1.3086.
The main trend is the upward structure of October 20.
Trading recommendations:
Buy: 1.3286 Take profit: 1.3334
Buy: 1.3336 Take profit: 1.3370
Sell: 1.3213 Take profit: 1.3174
Sell: 1.3170 Take profit: 1.3090
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 continue to 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 the level of 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, 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 112.52 level.
The main trend is the upward cycle from October 16, the correction stage.
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: 1.3030, 1.2944, 1.2905, 1.2840, 1.2758, 1.2713, 1.2685 and 1.2622. Here, we continue to monitor the formation of the upward structure of October 19. Continued upward movement is expected after the breakdown of the level of 1.2840. In this case, the target is 1.2905. In the area of 1.2905 - 1.2944 is the consolidation of the price. We consider the level of 1.3030 to be a potential value for the upstream structure, upon which we expect a rollback to the correction.
Leaving the correction zone is possible after the breakdown of 1.2758. In this case, the target is 1.2713. Short-term downward movement is expected in the area of 1.2713 - 1.2685. The breakdown of the last value will lead to the development of a downward trend. In this case, the first target is 1.2622.
The main trend is the upward structure of October 19.
Trading recommendations:
Buy: 1.2840 Take profit: 1.2905
Buy: 1.2946 Take profit: 1.3030
Sell: 1.2755 Take profit: 1.2715
Sell: 1.2683 Take profit: 1.2625
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7795, 0.7767, 0.7749, 0.7725, 0.7686, 0.7667, 0.7630 and 0.7602. Here, we determined the subsequent goals for the downward movement from the local downward cycle on October 19. Short-term downward movement is expected in the area of 0.7686 - 0.7667. The breakdown of the last value should be accompanied by a pronounced movement to the level of 0.7630. We consider the level of 0.7602 to be a potential value for the downward trend, after which we expect a departure towards correction.
The breakout at the level of 0.7725 will lead to the development of the corrective movement. In this case, the target is 0.7749. The range of 0.7749 - 0.7767 is the key support for the downward structure. Passing the price will lead to the formation of initial conditions for the upward cycle. In this case, the target is 0.7795.
The main trend is a downward local structure from October 19.
Trading recommendations:
Buy: 0.7725 Take profit: 0.7746
Buy: 0.7768 Take profit: 0.7795
Sell: 0.7765 Take profit: 0.7633
Sell: 0.7628 Take profit: 0.7604
For the EUR / JPY, the key levels on the scale of H1 are: 136.34, 135.69, 135.15, 134.37, 133.72, 133.42, 132.86 and 132.33. Here, we continue to follow the development of the upward structure of October 16. The continuation of the upward movement is expected after the breakdown of 134.40. In this case, the target is 135.15. The breakdown of this level will allow us to count on the movement towards the level of 135.69. Near this value we expect consolidation and also a pullback downwards. The potential value for the top is the level of 136.34.
Short-term downward movement is possible in the area of 133.72 - 133.42. The breakdown of the last value will lead to in-depth movement. Here, the target is 132.86. This level is the key support for the upward structure.
The main trend is the upward structure of October 16.
Trading recommendations:
Buy: 134.40 Take profit: 135.15
Buy: 135.20 Take profit: 135.65
Sell: 133.70 Take profit: 133.44
Sell: 133.35 Take profit: 132.90
For the GBP / JPY pair, the key levels on the scale of H1 are: 152.86, 152.11, 151.73, 151.07, 150.40, 150.08 and 149.49. Here, we continue to follow the upward structure of October 17. Continued upward movement is expected after the breakdown of 151.10. In this case, the target is 151.73. In the area of 151.73 - 152.11 is the consolidation of the price. The potential value for the top is the level of 152.86, from which we expect a pullback downwards.
Short-term downward movement is possible in the range of 150.40 - 150.08. The breakdown of the last value will lead to in-depth movement. Here, the target is 149.49. This level is the key support for the top. Before it happens, we expect the formation of pronounced initial conditions for the downward cycle.
The main trend is the upward structure of October 17.
Trading recommendations:
Buy: 151.10 Take profit: 151.70
Buy: 152.15 Take profit: 152.80
Sell: 150.40 Take profit: 150.10
Sell: 150.05 Take profit: 149.60
