Dear colleagues.
For the EUR/USD pair, the development of the medium-term downward structure follows the trend on October 12 as it continues the downward movement after the breakdown at the level of 1.1580.
For the GBP/USD pair, it follows the downward structure from October 13 and it is expected to break at the level of 1.3086. On the USD/CHF pair, it follows the local upward structure from October 19.
For the pair USD/JPY pair, it follows the development of the upward structure from October 16 and expects a breakdown at the level of 114.12 when the development of the trend continues.
For the pair EUR/JPY pair, the price forms the potential for the bottom of October 26, the development of the trend is expected after a breakdown at the level of 131.14.
For the GBP/JPY pair, it follows the formation of the downward structure from 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: 1.1701, 1.1676, 1.1646, 1.1623, 1.1582, 1.1536, 1.1505 and 1.1439. From here on, it continues to follow the downward cycle from October 12th. The downward movement is expected to continue after the breakdown at the level of 1.1580. In case that the target is 1.1536, the consolidation will range between 1.1536 and 1.1505. The potential value for the bottom is the level of 1.1439 and it is expected to pullback upward after reaching the said level.
The short-term upward movement is possible in the range of 1.1623 - 1.1646 and a breakdown of the last value will lead to in-depth movement. The target key support for the downward structure is 1.1676 within the range 1.1676-1.170. It is possible to design initial conditions for the upward cycle.
The main trend is the downward structure of October 12.
Trading recommendations:
Buy: 1.1623 Take profit: 1.1644
Buy: 1.1646 Take profit: 1.1674
Sell: 1.1580 Take profit: 1.1545
Sell: 1.1534 Take profit: 1.1507
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. Hereinafter, it continues to follow the downward structure of October 13. The downward movement is expected to continue after a breakdown at the level of 1.3086. In this case, the target is 1.3045, the consolidation of the price will range at 1.3045 - 1.3018. So far, the potential value for the downward trend is the level of 1.2971.
The short-term upward movement is possible in the range of 1.3144 - 1.3170 and breakdown of the last value will lead to in-depth correction with the target of 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: 1.0123, 1.0061, 1.0031, 0.9962, 0.9932 and 0.9890. From here on, it continues to follow the upward cycle from October 19th. A short-term upward movement is possible in the range of 1.0031 - 1.0061. A breakdown of the last value will open the possibility of moving towards the potential target of 1.0123 and it is expected to pullback downward after reaching the said level.
A short-term downward movement is possible in the corridor 0.9962 - 0.9932. A breakdown of the last value will lead to in-depth correction with the target key support for the top at the level of 0.9890.
The main trend is the local upward structure of October 19.
Trading recommendations:
Buy: 1.0031 Take profit: 1.0060
Buy: 1.0065 Take profit: 1.0120
Sell: 0.9960 Take profit: 0.9934
Sell: 0.9925 Take profit: 0.9900
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. Hereinafter, it continues to follow the upward cycle of October 16. The upward movement will continue after a breakdown at the level of 114.12. In this case, the target level is 114.48 and a consolidation is presumed to be near this level. A break at the level of 114.50 will be followed by a pronounced upward movement with the target of 114.97. The potential value for the top is the level of 115.25 and it is expected to pullback downward after reaching the said level.
A short-term downward movement is possible in the range of 113.54 - 113.24 and a breakdown of the last value will lead to in-depth movement. The target is 112.90 as the key support for the top. A breakdown on this level will open the chances for the price to move towards 112.52 level.
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 USD/CAD pair, the key levels on the H1 scale are: 1.3030, 1.2944, 1.2905, 1.2840, 1.2805, 1.2755 and 1.2711. Hereinafter, it continues to follow the upward cycle from October 19th where the price is currently in correction. The upward movement is expected to continue after the breakdown at the level of 1.2905. In this case, the target is 1.2944 which is this range of consolidation. A breakdown at the level of 1.2945 will open the possibility of the movement to reach the potential target of 1.3030.
A short-term downward movement is possible in the range of 1.2840 - 1.2805 and the breakdown of the last value will lead to in-depth movement. The target is 1.2755 as the key support for the top. A breakdown will initiate the formation of a downward cycle.
The main trend is the upward structure from October 19, the correction stage.
Trading recommendations:
Buy: 1.2905 Take profit: 1.2940
Buy: 1.2946 Take profit: 1.3030
Sell: 1.2800 Take profit: 1.2755
Sell: 1.2750 Take profit: 1.2715
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. Hereinafter, it continues to follow the downward cycle from October 19th. A Short-term downward movement is expected in the range of 0.7630 - 0.7602. A breakdown of the last value will be followed by a movement towards the potential target of 0.7567 and it is expected to pullback upward after reaching the said level.
A short-term upward movement is possible in the range of 0.7667 - 0.7686 and a breakdown of the last value will lead to in-depth movement. The target is 0.7716 as the key support for the bottom and a breakdown on this level.
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: 0.7600 Take profit: 0.7570
Sell: Take profit:
For the EUR/JPY pair, the key levels on the scale of H1 are: 133.33, 133.07, 132.50, 132.13, 131.43, 131.14, 130.65 and 129.95. From here on, the formation of the potential for the downward movement of October 26 is continuously being monitored. A short-term downward movement is possible in the range of 131.43 - 131.14 and a breakdown of the last value will lead to in-depth movement. A breakdown of the last value will be followed by a pronounced movement to the level of 130.65 which is near the range of consolidation. The potential value for the downward movement is the level of 129.95.
A short-term upward movement is possible in the range of 132.13 - 132.50 and a breakdown of the last value will lead to in-depth movement. The target key support for the downward structure is 133.07 in the range of 133.07 - 133.33 which is expected after the initial conditions have been formalized.
The main trend is the formation of a downward sequence from October 26.
Trading recommendations:
Buy: 132.13 Take profit: 132.48
Buy: 132.53 Take profit: 133.05
Sell: 131.14 Take profit: 130.70
Sell: 130.61 Take profit: 130.00
For the GBP / JPY pair, the key levels on the scale of H1 are: 150.47, 149.89, 149.55, 148.83, 148.37, 148.07 and 147.13. A downward structure is formed on October 25. The downward movement is expected to continue after the breakdown at the level of 148.80. In the case that the target is 148.37, the consolidation will range at 148.37 - 148.07. A break at the level of 148.05 will be followed by a pronounced downward movement with the target of 147.13, which is near the expected consolidation area.
A short-term upward movement is possible in the range of 149.55 - 149.89 and a breakdown of the last value will lead to in-depth movement. The target is 150.47 as the key support for the bottom.
The main trend is the formation of a downward structure from October 25.
Trading recommendations:
Buy: 149.55 Take profit: 149.86
Buy: 149.90 Take profit: 150.45
Sell: 148.80 Take profit: 148.40
Sell: 148.05 Take profit: 147.25
