Dear colleagues.
For the EUR / USD pair, the downward trend in the H1 scale is expected to continue after the breakdown at 1.1580. For the GBP / USD pair, the continued the movement downwards is expected after the breakdown of 1.2988. For the USD / CHF pair, the resumption of the upward movement is expected after the breakdown of 1.0031. For the USD / JPY pair, the subsequent targets for the upward trend were determined from the local upward structure of October 31. For the EUR / JPY pair, we follow the upward structure of October 31. The development of this trend is expected after the breakdown of 133.35. For the GBP / JPY pair, the price is still in the zone of initial conditions for the downward cycle from November 1.
Forecast for November 6:
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, 1.1619, 1.1582, 1.1536, 1.1505 and 1.1439. Here, we continue to follow the downward cycle from October 12. Consolidated traffic is possible in the area of 1.1619-1.1582. The breakdown of this level will allow us to count on the movement towards 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.
Short-term upward movement is possible in the area of 1.1676-1.1700. The breakdown of the last value will lead to a movement towards the level of 1.1749. Near this level, we expect the consolidation of the price.
The main trend is the downward structure of October 12.
Trading recommendations:
Buy: 1.1676 Take profit: 1.1700
Buy: 1.1705 Take profit: 1.1745
Sell: 1.1578 Take profit: 1.1540
Sell: 1.1534 Take profit: 1.1507
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3214, 1.3141, 1.3094, 1.3017, 1.2988, 1.2937 and 1.2863. Here, we follow the downward structure of October 13. Continued downward movement is expected after passing the price of the noise range of 1.3017 - 1.2988. In this case, the target is 1.2937. Near this level is the consolidation of the price. The potential value for the downward movement is the level of 1.2863.
Short-term upward movement is possible in the area of 1.3094 - 1.3141. The breakdown of the last value will lead to an in-depth movement. Here, the target is 1.3214.
The main trend is the downward structure of October 13.
Trading recommendations:
Buy: 1.3095 Take profit: 1.3140
Buy: 1.3144 Take profit: 1.3212
Sell: 1.2987 Take profit: 1.2940
Sell: 1.2935 Take profit: 1.2865
For the USD / CHF pair, the key levels in 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 the scale are: 116.13, 115.61, 115.25, 114.76, 114.17, 113.93, 113.46 and 112.95. Here, the subsequent objectives for the top were determined from the local upward structure of October 31. Continued upward movement is expected after the breakdown of 114.76. In this case, the target is 115.25. Short-term upward movement is possible in the range of 115.25 - 115.61. The potential value for the upward trend is the level of 116.13, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 114.17 - 113.93. The breakdown of the last value will lead to in-depth correction. Here, the target is 113.46. This level is the key support for the top.
The main trend is the local upward structure of October 31.
Trading recommendations:
Buy: 114.76 Take profit: 115.25
Buy: 115.64 Take profit: 116.10
Sell: 113.90 Take profit: 113.50
Sell: 113.44 Take profit: 113.00
For the CAD / USD pair, the key levels on the H1 scale are: 1.2867, 1.2840, 1.2793, 1.2699, 1.2636, 1.2590 and 1.2560. Here, we follow the formation of a downward structure from November 1. Continued downward movement is expected after the breakdown of 1.2699. In this case, the target is 1.2636. We consider the level of 1.2560 to be a potential value for the downward structure. After this, we expect consolidation in the area of 1.2590 - 1.2560.
The correction is possible after the breakdown of 1.2793. The target is 1.2840 and the range of 1.2840 - 1.2867 is the key support for the downward structure. Passing the price will lead to the formation of an upward movement. Here, the target is 1.2914.
The main trend is the formation of a downward structure from November 1.
Trading recommendations:
Buy: 1.2795 Take profit: 1.2840
Buy: 1.2868 Take profit: 1.2912
Sell: 1.2696 Take profit: 1.2638
Sell: 1.2634 Take profit: 1.2592
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7696, 0.7676, 0.7658, 0.7629, 0.7602, 0.7568 and 0.7545. Here, we determined the subsequent goals for the bottom from the local structure of November 2. Short-term downward movement is possible in the range of 0.7629 - 0.7602. The breakdown of the last value will lead to a pronounced movement. Here, the target is 0.7568. The potential value for the bottom is the level of 0.7545, upon reaching which we expect a rollback upward.
Short-term upward movement is possible in the area of 0.7658 - 0.7676. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7696.
The main trend is the local structure for the bottom of November 2.
Trading recommendations:
Buy: 0.7658 Take profit: 0.7674
Buy: 0.7677 Take profit: 0.7694
Sell: 0.7629 Take profit: 0.7604
Sell: 0.7600 Take profit: 0.7575
For the EUR / JPY pair, the key levels on the scale of H1 are: 134.37, 134.15, 133.70, 133.33, 132.50, 132.16, 131.80 and 131.43. Here, the continuation of the upward structure of October 31 is possible after the breakdown of 133.33. In this case, the target is 133.70. In this area is the the consolidation of the price. The breakthrough of the level of 133.70 will allow us to count on the movement towards the potential target of 134.37, upon reaching which we expect consolidated movement and also a pullback downwards.
Short-term downward movement is possible in the area of 132.50 - 132.16. The breakdown of the last value will lead to in-depth correction. Here, the target is 131.80. This level is the key resistance for the development of the downward structure. Its breakdown will allow us to count on the movement towards 131.43.
The main trend is the formation of the upward potential of October 31.
Trading recommendations:
Buy: 133.35 Take profit: 133.70
Buy: 133.75 Take profit: 134.15
Sell: 132.50 Take profit: 132.25
Sell: 132.14 Take profit: 131.83
For the GBP / JPY pair, the key levels on the scale of H1 are: 150.63, 149.85, 149.44, 148.49, 147.87, 147.41 and 146.18. Here, we follow the formation of a downward structure from November 1. The current price is in correction. Continued downward movement is expected after the breakdown of 148.49. In this case, the target is 147.87. In the area of 147.87 - 147.41 is the consolidation of the price. The breakdown of the level of 147.40 should be accompanied by a pronounced downward movement. Here, the target is 146.18. From this level, we expect a pullback upward.
Consolidated traffic is possible in the area of 149.45 - 149.83. The breakdown of the last value will lead to in-depth movement. Here, the target is 150.63. This level is the key support for the bottom.
The main trend is the formation of a downward structure from November 1, the stage of the initial conditions.
Trading recommendations:
Buy: 149.80 Take profit: 150.45
Buy: 150.70 Take profit: 151.25
Sell: 148.49 Take profit: 147.95
Sell: 147.40 Take profit: 146.40
