Dear colleagues.
For the EUR / USD pair, the range of 1.1676 - 1.1701 is the key support for the downward structure. For the GBP / USD pair, we follow the formation of the initial conditions for the top of October 27. For the USD / CHF pair, the resumption of the upward movement is expected after the breakdown of 1.0005. For the USD / JPY pair, the continuation of the upward movement is expected after the breakdown of 114.12. For the EUR / JPY pair, the price forms a small potential for the top of October 31 which is in the correction zone. For the GBP / JPY pair, the continuation of the upward movement is expected after the breakdown at 151.40.
The forecast for November 2:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1749, 1.1701, 1.1676, 1.1646, 1.1582, 1.1536, 1.1505 and 1.1439. Here, we continue to follow the downward cycle from October 12. At the moment, the price is in correction and forms a small potential for the top of October 27. Continued downward movement is expected after the breakdown of 1.1580. In this case, the target is 1.1536. In the area of 1.1536 - 1.1505 is the consolidation of the price. The potential value for the bottom is the level of 1.1439, upon reaching which we expect a pullback upward.
Consolidated traffic is possible in the area of 1.1646 - 1.1676. The breakdown of the last value will lead to movement towards the level of 1.1701. The range of 1.1676 - 1.1701 is the key support for the downward structure. Passing the price will allow us to count on the movement towards 1.1749.
The main trend is the downward structure from October 12, the correction stage.
Trading recommendations:
Buy: 1.1701 Take profit: 1.1745
Buy: Take profit:
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: 1.3448, 1.3417, 1.3364, 1.3325, 1.3248, 1.3207 and 1.3159. Here, we continue to follow the formation of the upward structure of October 27. Short-term upward movement is expected in the area of 1.3325 - 1.3364. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 1.3417. In the area of 1.3417 - 1.3448 is consolidation. From here, we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3248 - 1.3210. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3160.
The main trend is the formation of the upward structure of October 27.
Trading recommendations:
Buy: 1.3325 Take profit: 1.3362
Buy: 1.3366 Take profit: 1.3417
Sell: 1.3246 Take profit: 1.3209
Sell: 1.3205 Take profit: 1.3165
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. Here, we continue to follow the development of the upward cycle of October 19. Short-term upward movement is possible in the area of 1.0031 - 1.0061. The breakdown of the last value will allow us to count on the movement towards the potential target of 1.0123, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.9962 - 0.9932. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9890. This level is the key support for the top.
The main trend is a local upward structure from October 19, the correction stage.
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, 113.24, 112.90 and 112.52. Here, we continue to follow the upward cycle of October 16. Short-term upward movement is expected in the range of 114.12 - 114.48. Break of level 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 113.24 - 112.90. The breakdown of the last value will lead to the development of a downward structure. Here, the target is 112.52.
The main trend: the upward cycle of October 16.
Trading recommendations:
Buy: 114.12 Take profit: 114.44
Buy: 114.50 Take profit: 114.95
Sell: 113.22 Take profit: 112.95
Sell: 112.88 Take profit: 112.55
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. Continued upward movement is expected after the breakdown of 1.2905. In this case, the target is 1.2944. In this range is the consolidation of the price. 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 the 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: 1.2800 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, 0.7630, 0.7602 and 0.7567. Here, we continue to follow the downward structure from October 19. At the moment, the price is in correction. The expressed structure for the top is expected to reach the level of 0.7749. Short-term downward movement is expected in the area of 0.7630 - 0.7602. The breakdown of the last value should be accompanied by a movement towards the potential target of 0.7567, upon reaching which we expect a pullback upward.
Consolidated traffic is possible in the area of 0.7686 - 0.7716. The breakdown of the last value will lead to a potential upward cycle. In this case, the target is 0.7749.
The main trend is a downward local structure from October 19, the correction stage.
Trading recommendations:
Buy: Take profit:
Buy: 0.7718 Take profit: 0.7745
Sell: 0.7630 Take profit: 0.7608
Sell: 0.7600 Take profit: 0.7570
For the of EUR / JPY pair, the key levels on the scale of H1 are: 133.33, 133.07, 132.50, 131.43, 131.14, 130.65 and 129.95. Here, we continue to monitor the formation of the potential for the downward movement of October 26. Currently, the price is in the zone of initial conditions and forms a small potential for the top of October 31. Short-term downward movement is expected in the area of 131.43 - 131.14. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 130.65. Near this level is the consolidation of the price. The potential value for the downward movement is the level of 129.95.
The range of 133.07 - 133.33 is the key support for the downward structure. Its breakdown will lead to the development of the upward structure of October 31. In this case, the potential target is 134.47.
The main trend is the formation of the downward initial conditions of October 26.
Trading recommendations:
Buy: 133.35 Take profit: 134.10
Buy: Take profit:
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: 153.26, 152.44, 152.02, 151.39, 150.62, 150.23 and 149.55. Here, the continuation of the upward movement is expected after the breakdown of 151.39. In this case, the target is 152.02. In the area of 152.02 - 152.44 is the consolidation of the price. The potential value for the top is the level 153.26, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 150.62 - 150.23. The breakdown of the last value will lead to in-depth movement. Here, the target is 149.55. This level is the key support for the bottom.
The main trend is the upward structure of October 17.
Trading recommendations:
Buy: 151.45 Take profit: 152.00
Buy: 152.45 Take profit: 153.22
Sell: 150.60 Take profit: 150.25
Sell: 150.18 Take profit: 149.65
