Dear colleagues.
For the of EUR / USD pair, the price issued a local structure for the continuation of the upward movement of November 30. For the GBP / USD pair, we have expanded the potential for the upward structure from November 28 to the level of 1.3733. For the USD / CHF pair, the price is in correction. The continuation of the downward movement is possible after the breakdown of 0.9800. For the USD / JPY pair, the continuation of the upward trend is expected after the breakdown of 112.70. For the of EUR / JPY pair, the continuation of the upward movement is expected after the breakdown of 134.05. For the GBP / JPY pair, we follow the upward structure of November 28. The potential for the top is at 153.98.
Forecast for December 1:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2060, 1.2027, 1.1981, 1.1941, 1.1896, 1.1871, 1.1837 and 1.1776. Here, the price has issued a local structure for the upward movement of November 30. Continued upward movement is expected after the breakdown of 1.1941. In this case, the target is 1.1981. Near this level is the consolidation of the price. The break at the level of 1.1981 will allow us to count on the movement towards the level of 1.2027. The potential value for the top is the level of 1.2060, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.1896-1.1871. The breakdown of the last value will lead to in-depth movement. Here, the target is 1.1837. This level is the key support for the upward structure.
The main trend is a local structure for the top of November 30.
Trading recommendations:
Buy: 1.1941 Take profit: 1.1980
Buy: 1.1984 Take profit: 1.2025
Sell: 1.1870 Take profit: 1.1838
Sell: 1.1834 Take profit: 1.1780
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3733, 1.3658, 1.3620, 1.3555, 1.3487, 1.3451 and 1.3397. Here, the continuation of the upward movement is expected after the breakdown of 1.3555. In this case, the target is 1.3620. In the area of 1.3620 - 1.3658 is the consolidation of the price. The potential value for the top is the level of 1.3733, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3487 - 1.3451. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3397. This level is the key support for the top.
The main trend is a local upward structure from November 28.
Trading recommendations:
Buy: 1.3557 Take profit: 1.3620
Buy: 1.3660 Take profit: 1.3730
Sell: 1.3450 Take profit: 1.3400
Sell: Take profit:
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9915, 0.9880, 0.9849, 0.9832, 0.9802, 0.9759, 0.9735 and 0.9678. Here, we continue to follow the downward structure from November 1. At the moment, the price is in correction. Continued downward movement is expected after the breakdown of 0.9800. In this case, the target is 0.9759. In the area of 0.9759 - 0.9735 is the consolidation of the price. The potential value for the bottom is the level of 0.9678, from which we expect a rollback to the top.
Short-term upward movement is possible in the area of 0.9832 - 0.9849. The breakdown of the last value will lead to an in-depth movement into correction. Here, the target is 0.9880. The 0.9915 level is still considered as a potential for the top. Before reaching this level, we expect the initial conditions for an upward cycle to be formalized.
The main trend is the downward structure from November 1, the correction stage.
Trading recommendations:
Buy: 0.9850 Take profit: 0.9880
Buy: 0.9882 Take profit: 0.9915
Sell: 0.9800 Take profit: 0.9765
Sell: 0.9755 Take profit: 0.9735
For the USD / JPY pair, the key levels on a scale are: 114.01, 113.49, 113.14, 112.63, 112.22, 111.66, 111.41, 111.10 and 110.80. Here, the price forms the potential for the top of November 27. In the area of 112.22 - 112.63, we expect a consolidated movement. A break at the level of 112.65 should be accompanied by a pronounced upward movement. Here, the target is 113.14. In the area of 113.14 - 113.49 is the consolidation of the price. The potential value for the top is the level 114.01, from which we expect a rollback to correction.
Short-term downward movement is possible in the area of 111.66 - 111.41. The breakdown of the last value will lead to in-depth movement. Here, the target is 111.10.
The main trend is the formation of the upward structure of November 27.
Trading recommendations:
Buy: 112.22 Take profit: 112.60
Buy: 112.66 Take profit: 113.12
Sell: 111.65 Take profit: 111.43
Sell: 111.39 Take profit: 111.12
For the CAD / USD pair, the key levels on the H1 scale are: 1.3004, 1.2968, 1.2923, 1.2901, 1.2871, 1.2844 and 1.2808. Here, the continuation of the upward movement is expected after passing the price of the noise range of 1.2901 - 1.2923. In this case, the target is 1.2968. Near this level is the consolidation of the price. The potential value for the top is the level of 1.3004, upon reaching which we expect it to go down.
Short-term downward movement is possible in the area of 1.2871 - 1.2844. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2808. This level is the key support for the top.
The main trend is the upward structure of November 23.
Trading recommendations:
Buy: 1.2925 Take profit: 1.2965
Buy: 1.2970 Take profit: 1.3002
Sell: 1.2870 Take profit: 1.2848
Sell: 1.2842 Take profit: 1.2810
For the AUD / USD pair, the key levels at the scale of H1 are: 0.7647, 0.7620, 0.7595, 0.7541, 0.7512, 0.7472 and 0.7449. Here, we follow the formation of a downward structure from November 27. Continued downward movement is expected after the breakdown of 0.7540. Here, the target is 0.7512. Near this level is the consolidation of the price. The breakdown at the level of 0.7510 should be accompanied by a pronounced downward movement. Here, the target is 0.7472. The potential value for the bottom is the level of 0.7449, upon the reaching which, we expect the consolidation of the price.
Short-term upward movement is possible in the area of 0.7595 - 0.7620. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7647. This level is the key support for the downward structure.
The main trend is the formation of a downward structure from November 27.
Trading recommendations:
Buy: 0.7595 Take profit: 0.7620
Buy: 0.7622 Take profit: 0.7645
Sell: 0.7540 Take profit: 0.7515
Sell: 0.7510 Take profit: 0.7475
For the EUR / JPY pair, the key levels on the scale of H1 are: 136.34, 135.29, 134.75, 134.01, 133.15, 132.47, 131.98 and 131.19. Here, we continue to follow the upward structure of November 23. Continued upward movement is expected after the breakdown of 134.05. The target is 134.75. In the area of 134.75 - 135.29 is the consolidation of the price. The potential value for the top is the level of 136.34. The movement towards this level is expected after the breakdown at 135.30.
We expect correction after reaching the level of 133.15. Here, the target is 132.47. The range of 132.47 - 131.98 is the key support for the top. Passing by this price will lead to the development of the downward structure. In this case, the target is 131.20.
The main trend is the formation of the upward structure of November 23.
Trading recommendations:
Buy: 133.35 Take profit: 134.00
Buy: 134.05 Take profit: 134.75
Sell: Take profit:
Sell: 131.95 Take profit: 131.25
For the GBP / JPY pair, the key levels on the scale of H1 are: 153.98, 153.02, 152.49, 151.68, 151.05 and 150.14. Here, we follow the development of the upward structure of November 28. Short-term upward movement is possible in the area of 152.49 - 153.02. The breakdown of the last value will allow us to count on the movement towards the potential target of 153.98. From this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 151.68 - 151.05. The breakdown of the last value will lead to in-depth correction. Here, the target is 150.14. This level is the key support for the top.
The main trend is the upward cycle of November 28.
Trading recommendations:
Buy: 153.05 Take profit: 153.95
Buy: Take profit:
Sell: 151.65 Take profit: 151.10
Sell: 151.00 Take profit: 150.20
