Dear colleagues.
For the EUR / USD pair, we follow the formation of the upward structure from November 7. The upward movement is expected after the breakdown of 1.1691. For the GBP / USD pair, the price is still in the area of potential for the upward movement of November 3. The level of 1.3090 is the key resistance for the bottom. For the USD / CHF pair, the situation is in an equilibrium state. For the USD / JPY pair, we follow the downward cycle from November 6. For the EUR / JPY pair, the price is in the correction area. The level of 132.80 is the key support for the top. For the GBP / JPY pair, the continuation of the development of the downward structure from November 1 is expected after the breakdown of 148.45.
Forecast for November 13:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1754, 1.1728. 1.1691, 1.1676, 1.1629, 1.1603 and 1.1556. Here, we follow the formation of the upward structure of November 7. Short-term upward movement is expected in the range of 1.1676-1.1691. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.1728. Near this level is the consolidation of the price. The potential value for the top is level 1.1754. From this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.1629-1.1603. The breakdown of the latter value will lead to the development of a downward structure. In this case, the target is 1.1556.
The main trend is the formation of the upward structure of November 7.
Trading recommendations:
Buy: 1.1691 Take profit: 1.1725
Buy: 1.1730 Take profit: 1.1754
Sell: 1.1628 Take profit: 1.1606
Sell: 1.1600 Take profit: 1.1560
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, the situation is in an equilibrium state. 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 0.9932 - 0.9890. The latter is the key support for the top. Before this level is reached, we expect the formation of a pronounced structure for the development of the downward cycle.
The main trend is the equilibrium situation.
Trading recommendations:
Buy: 1.0031 Take profit: 1.0060
Buy: 1.0065 Take profit: 1.0120
Sell: Take profit:
Sell: 0.9925 Take profit: 0.9890
For the USD / JPY pair, the key levels on the scale are: 114.06, 113.79, 113.58, 113.04, 112.86, 112.57 and 112.22. Here, we follow the downward structure of November 6. Continued downward movement is expected after passing the price of the noise range of 113.04 - 112.86. In this case, the target is 112.57. Near this level is the consolidation of the price. The potential value for the bottom is the level 112.22, from which we expect a rollback upward.
Short-term downward movement is possible in the area of 113.58 - 113.79. The breakdown of the last value will lead to in-depth correction. Here, the target is 114.06. This level is the key support for the downward trend.
The main trend is the downward structure of November 6.
Trading recommendations:
Buy: 113.58 Take profit: 113.76
Buy: 113.82 Take profit: 114.04
Sell: 112.84 Take profit: 112.60
Sell: 112.55 Take profit: 112.25
For the CAD / USD pair, the key levels on the H1 scale are: 1.2793, 1.2735, 1.2699, 1.2636, 1.2590, 1.2560 and 1.2512. Here, we follow the formation of a downward structure from November 1. Continued downward movement is expected after the breakdown of 1.2636. In this case, the target is 1.2590. In the area of 1.2590 - 1.2560 price is the consolidation of the price. We consider the level of 1.2512 to be a potential value for the downstream structure, after which we expect a rollback to the top.
Short-term downward movement is possible in the area of 1.2699 - 1.2735. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2793.
The main trend is the downward structure of November 1.
Trading recommendations:
Buy: 1.2700 Take profit: 1.2733
Buy: 1.2737 Take profit: 1.2790
Sell: 1.2634 Take profit: 1.2590
Sell: 1.2560 Take profit: 1.2515
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 downward 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. Breaking 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
