Dear colleagues.
For the of EUR / USD pair, we follow the development of the medium-term downward structure of October 12. For the GBP / USD pair, we follow the downward structure of October 13. The development of the trend is expected after the breakdown of 1.3086. For the USD / CHF pair, we follow the local upward structure of October 19. For the USD / JPY pair, we follow the development of the upward structure of October 16. For the EUR / JPY pair, the price forms the potential for the bottom of October 26. For the GBP / JPY pair, the level of 149.49 is the key support for the top. The resumption of the upward movement is possible after the breakdown of 150.58.
Forecast for October 27:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1737, 1.1701, 1.1676, 1.1623, 1.1589, 1.1536 and 1.1505. Here, we determined the subsequent goals for the bottom from the medium-term downward structure of October 12. Short-term downward movement is expected in the area of 1.1623 - 1.1589. The breakdown of the last value will lead to a pronounced movement. Here, the target is 1.1536. The potential value for the bottom is the level of 1.1505, after which we expect consolidation and a rollback to the top.
Short-term upward movement is possible in the area of 1.1676-1.1700. The breakdown of the last value will lead to an in-depth movement. Here, the target is 1.1735.
The main trend is the downward structure of October 12.
Trading recommendations:
Buy: 1.1676 Take profit: 1.1700
Buy: 1.1704 Take profit: 1.1735
Sell: 1.1620 Take profit: 1.1590
Sell: 1.1585 Take profit: 1.1540
For the GBP / USD pair, the key H1 scale levels are: 1.3220, 1.3173, 1.3144, 1.3086, 1.3045, 1.3018 and 1.2971. 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 1.3045. In the area of 1.3045 - 1.3018 is the consolidation of the price. The potential value for the downward trend is still the level of 1.2971.
Short-term upward movement is possible in the area of 1.3144 - 1.3170. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3220.
The main trend is the downward structure of October 13.
Trading recommendations:
Buy: 1.3144 Take profit: 1.3170
Buy: 1.3175 Take profit: 1.3220
Sell: 1.3084 Take profit: 1.3045
Sell: 1.3018 Take profit: 1.2974
For the USD / CHF pair, the key levels on the scale of H1 are: 1.0061, 1.0005, 0.9981, 0.9944, 0.9918 and 0.9886. Here, we continue to follow the development of the upward cycle of October 19. Short-term upward movement is possible in the area of 0.9981 - 1.0005. The breakdown of the last value will allow us to count on the movement towards the potential target of 1.0061, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.9944 - 0.9918. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9886. This level is the key support for the top.
The main trend is the local upward structure of October 19.
Trading recommendations:
Buy: 0.9980 Take profit: 1.0000
Buy: 1.0007 Take profit: 1.0060
Sell: 0.9944 Take profit: 0.9920
Sell: 0.9916 Take profit: 0.9890
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: 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: 1.3030, 1.2944, 1.2905, 1.2840, 1.2805, 1.2755 and 1.2711. Here, we continue to follow the development of the upward structure of October 19. At the moment, we expect to reach the level of 1.2905. In the area of 1.2905 - 1.2944 is the consolidation of the price and hence, the possibility of a rollback towards correction. Breaking the level of 1.2945 will allow us to count on the movement towards the potential target of 1.3030.
Short-term downward movement is possible in the area of 1.2840 - 1.2805. The breakdown of the last value will lead to in-depth movement. Here, the target is 1.2755. This level is the key support for the top. Its breakdown will lead to formation of the initial conditions for the downward cycle.
The main trend is the upward structure of October 19.
Trading recommendations:
Buy: 1.2905 Take profit: 1.2940
Buy: 1.2946 Take profit: 1.3030
Sell: 1.2840 Take profit: 1.2810
Sell: 1.2800Take profit: 1.2760
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7749, 0.7716, 0.7686, 0.7667, 0.7630, 0.7602 and 0.7567. Here, we continue to follow the downward structure of October 19. Short-term downward movement is expected in the area of 0.7630 - 0.7602. The breakdown of the last value should be accompanied by the movement towards the potential target of 0.7567, upon reaching which we expect a rollback upward.
Short-term upward movement is possible in the area of 0.7667 - 0.7686. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7716. This level is the key support for the bottom. Its breakdown will lead the potential for upward cycle.
The main trend is a downward local structure from October 19.
Trading recommendations:
Buy: 0.7667 Take profit: 0.7684
Buy: 0.7688 Take profit: 0.7714
Sell: 0.7630 Take profit: 0.7610
Sell: 0.7600 Take profit: 0.7570
For the of EUR / JPY pair, the key levels on the scale of H1 are: 133.72, 133.33, 133.07, 132.50, 132.13, 131.43, 131.14 and 130.65. Here, we monitor the formation of the potential for the downward movement of October 26. Short-term downward movement is expected in the area of 132.50 - 132.13. The breakdown of the last value should be accompanied by a pronounced movement to the level of 131.43. In the area of 131.43 - 131.14 is the consolidation of the price. The potential value for the downward movement is still the level of 130.65.
Short-term upward movement is possible in the area of 133.07 - 133.33. The breakdown of the last value will lead to in-depth movement. Here, the target is 133.72. This level is the key support for the upward structure.
The main trend is the formation of a downward sequence from October 26.
Trading recommendations:
Buy: 133.07 Take profit: 133.30
Buy: 133.40 Take profit: 133.70
Sell: 132.50 Take profit: 132.20
Sell: 132.08 Take profit: 131.45
For the GBP / JPY pair, the key levels on the scale of H1 are: 152.86, 152.11, 151.73, 151.07, 150.58, 150.08 and 149.49. Here, we continue to follow the upward structure of October 17. The continuation of the upward movement is expected after the breakdown of 150.60. In this case, the first target is 151.10. The breakdown of this level will allow us to count on the movement towards the level of 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.
In the range of 150.08 - 149.49, we expect a consolidated movement. The breakdown at 149.49 will lead to the lifting of the upward structure. In this case, the first potential target is 148.37.
The main trend is the upward structure from October 17, the stage of deep correction.
Trading recommendations:
Buy: 150.60 Take profit: 151.05
Buy: 151.12 Take profit: 151.70
Sell: 149.45 Take profit: 148.80
Sell: Take profit:
