Dear colleagues.
For the EUR / USD pair, we continue to monitor the development of the downward trend. The upward movement is considered as a correction. For the GBP / USD pair, we expect the continuation of the downward movement after the breakdown at the level of 1.3090. For the USD / CHF pair, the resumption of the upward movement is expected after the breakdown at 1.0031. For the USD / JPY pair, we follow the upward structure from October 31. The continuation of the upward movement is expected after the breakdown of 114.30. The level of 113.46 is the key support. For the EUR / JPY pair, the continuation of the downward movement is expected after the breakdown of 131.80. For the GBP / JPY pair, the continued development of the downward structure from November 1 is expected after the breakdown of 148.45.
The forecast for November 9:
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, 1.1634, 1.1536, 1.1505 and 1.1439. Here, we continue to follow the downward cycle from October 12. Short-term downward movement is expected in the area of 1.1536 - 1.1505. The potential value for the bottom is the level of 1.1439, upon reaching which we expect a pullback upward.
The correction is possible after the breakdown of 1.1634. The target is 1.1676 and the range of 1.1676 - 1.1701 is the key support for the downward structure.
The main trend is the downward structure of October 12.
Trading recommendations:
Buy: 1.1634 Take profit: 1.1674
Buy: Take profit:
Sell: 1.1534 Take profit: 1.1507
Sell: 1.1505 Take profit: 1.1440
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. At the moment, the price is in the correction area and forms the potential for the top of November 3. The development of this structure is possible after the breakdown of 1.3214. In this case, the potential target is 1.3338. Continued downward movement is expected after the breakdown of 1.3094. In this case, the first target is 1.3017. Passing the price of the noise range of 1.3017 - 1.2988 will lead to a movement towards the level of 1.2937. Near this level, we expect the consolidation of the price. The potential value for the downward movement is the level of 1.2863.
The main trend is the downward structure of October 13, the correction stage.
Trading recommendations:
Buy: Take profit:
Buy: 1.3216 Take profit: 1.3320
Sell: 1.3090 Take profit: 1.3017
Sell: 1.2986 Take profit: 1.2940
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, the key levels on a scale are: 116.13, 115.61, 115.25, 114.76, 114.28, 113.46 and 112.95. Here, we follow the upward structure of October 31. The continuation of the upward movement is expected after the breakdown of 114.28. In this case, the first target is 114.76. The breakdown of this level will allow us to count on the movement towards 115.25. The 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.
The level of 113.46 is the key support for the top. Its breakdown at the price will lead to the development of a downward structure. In this case, the target is 112.95. Before reaching this level, we expect the initial conditions for the downward cycle to be formed.
The main trend is a local upward structure of October 31.
Trading recommendations:
Buy: 114.30 Take profit: 114.74
Buy: 114.76 Take profit: 115.22
Sell: 113.44 Take profit: 112.95
For the CAD / USD pair, the key levels at 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 which 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 continue to monitor the formation of a downward structure from November 2. Consolidated traffic is possible in the area of 0.7655 - 0.7629. The breakdown of the last value will lead to a movement towards 0.7602. In the range of 0.7629 - 0.7602 is the consolidation of the price. 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.
The level of 0.7696 is the key support for the downward structure. Its breakdown will lead to the build up of the potential for the top. Here, the target is 0.7729.
The main trend is the local structure for the bottom of November 2, the stage of the initial conditions.
Trading recommendations:
Buy: 0.7698 Take profit: 0.7726
Buy: Take profit:
Sell: 0.7627 Take profit: 0.7605
Sell: 0.7600 Take profit: 0.7570
For the EUR / JPY pair, the key levels on the scale of H1 are: 133.33, 132.80, 132.50, 131.80, 131.43, 131.13 and 130.65. Here, we follow the medium-term structure of October 26. Continued downward movement is expected after the breakdown of 131.80. In this case, the target is 131.43. In the area of 131.43 - 131.13 is the consolidation of the price. The potential value for the bottom is the level of 130.65, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 132.50 - 132.80. The breakdown of the last value will lead to in-depth correction. Here, the target is 133.33. This value is the key resistance for the development of the upward structure on the scale of H1.
The main trend is the downward cycle from October 26.
Trading recommendations:
Buy: 132.50 Take profit: 132.80
Buy: 132.85 Take profit: 133.30
Sell: 131.80 Take profit: 131.45
Sell: 131.10 Take profit: 130.65
For the GBP / JPY pair, the key levels on the scale of H1 are: 150.63, 149.85, 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 break at 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.
Short-term upward movement is possible in the area of 149.85 - 150.60. The breakdown of the latter value will lead to the development of an upward trend in the scale of H1. In this case, the potential target is 151.89.
The main trend is the formation of a downward structure from November 1, the stage of the initial conditions.
Trading recommendations:
Buy: 149.90 Take profit: 150.60
Buy: 150.70 Take profit: 151.60
Sell: 148.49 Take profit: 147.95
Sell: 147.40 Take profit: 146.40
