Hello, dear colleagues.
For the Euro/Dollar pair, we expect the continuation of the upward structure from November 14 after the breakdown of 1.1081 and the level of 1.1038 is the key support. For the Pound/Dollar pair, we expect the continuation of the upward cycle from November 8 after the breakdown of 1.2997. For the Dollar/Franc pair, the price is in the correction zone and the resumption of the downward movement is possible after the breakdown of 0.9880. For the Dollar/Yen pair, the price is in a correction from the falling structure; the continuation of the downward movement is possible after the breakdown of 108.44 and the level of 108.91 is the key support. For the Euro/Yen pair, we follow the upward structure from November 14 and the level of 120.70 is the key resistance. For the Pound/Yen pair, we follow the formation of the upward structure from November 14 and the level of 141.02 is the key resistance.
Forecast for November 19:
Analytical review of currency pairs on the H1 scale:
For the Euro/Dollar pair, the key levels on the H1 scale are 1.1149, 1.1125, 1.1108, 1.1081, 1.1060, 1.1038, 1.1022, and 1.1004. We follow the development of the upward structure from November 14. The short-term upward movement, as well as consolidation, is expected in the range of 1.1060 – 1.1081 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 1.1108 and in the area of 1.1108 – 1.1125 is the consolidation. We consider the level of 1.1149 as a potential value for the top, upon reaching this level, we expect a pullback to the bottom.
The short-term downward movement is expected in the range of 1.1038 – 1.1022 and the breakdown of the last value will lead to an in-depth correction. The target is 1.1004 and this level is the key support for the upward structure. Its breakdown will allow us to count on the movement to the first potential target – 1.0986.
The main trend is the upward structure from November 14.
Trading recommendations:
Buy: 1.1083 Take profit: 1.1106
Buy: 1.1025 Take profit: 1.1146
Sell: 1.1038 Take profit: 1.1022
Sell: 1.1021 Take profit: 1.1005
For the Pound/Dollar pair, the key levels on the H1 scale are 1.3113, 1.3079, 1.3032, 1.2997, 1.2927, 1.2899, 1.2860, and 1.2817. We continue to follow the development of the upward cycle of November 8. The short-term upward movement is expected in the area of 1.2997 – 1.3032, hence there is a probability of leaving the price in the correction. The breakdown of the level of 1.3032 should be accompanied by a pronounced upward movement. The target is 1.3079. We consider the level of 1.3113 as a potential value for the top, upon reaching this value, we expect consolidation, as well as a pullback to the bottom.
A short-term downward movement is possible in the area of 1.2927 – 1.2899 and the breakdown of the last value will lead to an in-depth correction. The target is 1.2860 and this level is the key support for the upward structure from November 8. Its passage in price will have to develop a downward trend. The first target – 1.2817.
The main trend is the upward cycle of November 8
Trading recommendations:
Buy: 1.2997 Take profit: 1.3030
Buy: 1.3033 Take profit: 1.3079
Sell: 1.2927 Take profit: 1.2900
Sell: 1.2896 Take profit: 1.2860
For the Dollar/Franc pair, the key levels on the H1 scale are: 0.9930, 0.9913, 0.9900, 0.9881, 0.9863, 0.9853, and 0.9831. We follow the development of the downward cycle from November 8. At the moment, the price is in the correction. We expect the continuation of the downward movement after the breakdown of 0.9881. In this case, the target is 0.9863 and in the area of 0.9863 – 0.9853 is the price consolidation. We consider the level of 0.9831 as a potential value for the bottom, the expressed movement to which, we expect after the breakdown of 0.9851.
The short-term upward movement is possible in the area of 0.9900 – 0.9913 and the breakdown of the last value will lead to an in-depth correction. The target is 0.9930 and this level is the key support for the downward structure.
The main trend is the downward cycle of November 8, the correction stage
Trading recommendations:
Buy: 0.9900 Take profit: 0.9911
Buy: 0.9914 Take profit: 0.9930
Sell: 0.9880 Take profit: 0.9865
Sell: 0.9852 Take profit: 0.9831
For the Dollar/Yen pair, the key levels in the H1 scale are 109.09, 108.91, 108.73, 108.44, 108.27, 108.06, and 107.92. We continue to monitor the development of the downward cycle from November 7. At the moment, the price is in the correction zone from this structure. The short-term downward movement is expected in the area of 108.44 – 108.27 and the breakdown of the last value should be accompanied by a pronounced downward movement. The target is 108.06. We consider the level of 107.92 to be a potential value for the bottom. Upon reaching this value, we expect consolidation in the area of 108.06 – 107.92, as well as a rollback to correction.
The short-term upward movement, as well as consolidation, is expected in the range of 108.73 – 108.91. We consider the level 109.09 to be a potential value for the top; to this level, we expect the initial conditions to be formed for the upward cycle.
The main trend is the downward structure of November 7, the correction stage
Trading recommendations:
Buy: 108.73 Take profit: 108.90
Buy: 108.94 Take profit: 109.07
Sell: 108.44 Take profit: 108.29
Sell: 108.25 Take profit: 108.06
For the Canadian dollar/Dollar pair, the key levels on the H1 scale are 1.3250, 1.3229, 1.3214, 1.3197, 1.3178, 1.3165, and 1.3147. We follow the downward structure from November 14. The continuation of the downward movement is expected after the breakdown of 1.3197. In this case, the target is 1.3178 and in the area of 1.3178 – 1.3165 is the price consolidation. We consider the level of 1.3147 as a potential value for the bottom, upon reaching this value, we expect a rollback to the top.
The short-term upward movement is possible in the area of 1.3214 – 1.3229 and the breakdown of the last value will lead to an in-depth correction. The target is 1.3250 and this level is the key support for the downward structure.
The main trend is the downward structure of November 14th.
Trading recommendations:
Buy: 1.3215 Take profit: 1.3228
Buy: 1.3230 Take profit: 1.3250
Sell: 1.3195 Take profit: 1.3178
Sell: 1.3165 Take profit: 1.3148
For the Australian dollar/Dollar pair, the key levels on the H1 scale are 0.6845, 0.6820, 0.6805, 0.6784, 0.6767, 0.6753, 0.6722, and 0.6700. We follow the development of the downward cycle from November 5. At the moment, the price is in correction and has formed the potential for the top from November 14. The continuation of the downward movement is expected after the breakdown of 0.6784. In this case, the first target – 0.6767. The short-term downward movement is expected in the area of 0.6767 – 0.6753. The breakdown of the last value should be accompanied by a pronounced downward movement to the level of 0.6722 and near this level is the consolidation. We consider the level of 0.6700 as a potential value for the bottom, upon reaching this value, we expect a rollback to the top.
The consolidated movement is expected in the area of 0.6805 – 0.6820 and the breakdown of the last value will lead to an in-depth correction. The target is 0.6845 and this level is the key support for the downward structure from November 5.
The main trend is the downward structure of November 5, the correction stage.
Trading recommendations:
Buy: 0.6805 Take profit: 0.6820
Buy: 0.6823 Take profit: 0.6842
Sell: 0.6784 Take profit: 0.6768
Sell: 0.6767 Take profit: 0.6754
For the Euro/Yen pair, the key levels on the H1 scale are 121.40, 121.12, 120.70, 120.35, 120.03, 119.83, 119.51, and 119.25. We follow the upward structure of November 14. The continuation of the upward movement is expected after the breakdown of 120.35. The target is 120.70 and near this level is the price consolidation. The breakdown of the level of 120.70 should be accompanied by a pronounced upward movement. The target is 121.12. We consider the level of 121.40 as a potential value for the top, upon reaching this level, we expect a pullback to the bottom.
The short-term downward movement is expected in the area of 120.03 – 119.83 and the breakdown of the last value will lead to an in-depth correction. The target is 119.51 and this level is the key support for the upward structure.
The main trend is the upward structure of November 14th.
Trading recommendations:
Buy: 120.35 Take profit: 120.68
Buy: 120.72 Take profit: 121.10
Sell: 120.03 Take profit: 119.83
Sell: 119.80 Take profit: 119.51
For the Pound/Yen pair, the key levels on the H1 scale are 142.14, 141.93, 141.57, 141.02, 140.49, 140.18, and 139.79. We follow the development of the upward structure from November 14. The continuation of the upward movement is expected after the breakdown of 141.02. In this case, the first target – 141.57, the breakdown of which will allow us to count on movement to the level of 142.14; upon reaching this value, we expect consolidation in the area of 141.93 – 142.14.
The short-term downward movement is possible in the range 140.49 – 140.18 and breakdown of the last value will lead to an in-depth correction. The target is 139.79 and this level is the key support for the upward structure from November 14. Its passage at a price will allow you to expect the movement to the level of 139.36.
The main trend is the upward structure of November 14th.
Trading recommendations:
Buy: 141.02 Take profit: 141.55
Buy: 141.58 Take profit: 141.93
Sell: 140.49 Take profit: 140.20
Sell: 140.16 Take profit: 139.80
