Forecast for November 22:
Analytical review of currency pairs on the scale of H1:
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. Here, we are following the development of the ascending structure of November 14. Consolidated movement is expected in the range 1.1060 - 1.1081. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.1108. Price consolidation is in the range of 1.1108 - 1.1125. For the potential value for the top, we consider the level of 1.1149. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement, we expect in the range of 1.1038 - 1.1022, a breakdown of the last value will lead to an in-depth correction, here the target is 1.1004, this level is a key support for the upward structure, its breakdown will allow us to count on movement to the first potential target - 1.0986.
The main trend is the upward structure of 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, 1.2966, 1.2927, 1.2899, 1.2860 and 1.2817. Here, we continue to monitor the development of the upward cycle of November 8. The continuation of the movement to the top is expected after the breakdown of the level of 1.2966. In this case, the target is 1.3032. Price consolidation is near this level. The breakdown of the level of 1.3032 should be accompanied by a pronounced upward movement. Here, the target is 1.3079. For the potential value for the top, we consider the level of 1.3113. Upon reaching this value, we expect consolidation, as well as a pullback to the bottom.
Consolidated movement is possibly in the range of 1.2899 - 1.2860. The breakdown of the latter value will have a downward trend. Here, the first goal is 1.2817.
The main trend is the upward cycle of November 8, the correction stage
Trading recommendations:
Buy: 1.2967 Take profit: 1.3030
Buy: 1.3034 Take profit: 1.3079
Sell: 1.2858 Take profit: 1.2818
Sell: 1.2816 Take profit: 1.2770
For the dollar / franc pair, key levels on the H1 scale are: 1.0023, 1.0000, 0.9988, 0.9969, 0.9956, 0.9930, 0.9919, 0.9905 and 0.9898. Here, we are following the development of the ascending structure of November 18. Short-term upward movement is expected in the range 0.9956 - 0.9969. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 0.9988. Short-term upward movement, as well as consolidation is in the range of 0.9988 - 1.0000. For the potential value for the top, we consider the level of 1.0023. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range 0.9930 - 0.9919. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9905. The range 0.9905 - 0.9898 is key support for the top.
The main trend is the upward structure of November 18
Trading recommendations:
Buy : 0.9956 Take profit: 0.9967
Buy : 0.9970 Take profit: 0.9988
Sell: 0.9930 Take profit: 0.9920
Sell: 0.9895 Take profit: 0.9870
For the dollar / yen pair, the key levels on the scale are : 109.09, 108.91, 108.73, 108.44, 108.27, 108.06, 107.92 and 107.71. Here, we are following the development of the local descending structure of November 18. Short-term downward movement is expected in the range of 108.44 - 108.27. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 108.06. Short-term downward movement, as well as consolidation is in the range of 108.06 - 107.92 . For the potential value for the bottom, we consider the level of 107.71. Upon reaching this value, we expect a rollback to the correction.
Short-term upward movement, as well as consolidation, are expected in the range of 108.73 - 108.91. We consider the level of 109.09 to be a potential value for the top. We expect the initial conditions for an ascending cycle to be formed to this level.
The main trend: the downward structure of November 7, the local structure of November 18
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 / US dollar pair, the key levels on the H1 scale are: 1.3404, 1.3387, 1.3355, 1.3334, 1.3298, 1.3278 and 1.3250. Here, we are following the ascending structure of November 19. Short-term upward movement is expected in the range of 1.3334 - 1.3355. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.3387. Price consolidation is in the range of 1.3387 - 1.3404, and from here, we expect a correction.
Consolidated movement is possibly in the range of 1.3298 - 1.3278. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3250. This level is a key support for the upward structure.
The main trend is the upward structure of November 19, the correction stage.
Trading recommendations:
Buy: 1.3335 Take profit: 1.3355
Buy : 1.3357 Take profit: 1.3385
Sell: 1.3276 Take profit: 1.3252
Sell: 1.3248 Take profit: 1.3220
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6833, 0.6814, 0.6801, 0.6783, 0.6767, 0.6748, 0.6735 and 0.6717. Here, the price canceled the development of the ascending structure and the subsequent goals we determine from the local initial conditions for the bottom of November 19. The continuation of movement to the bottom is expected after the breakdown of 0.6783. In this case, the target is 0.6767. Price consolidation is near this level. The breakdown of 0.6765 will lead to the development of pronounced movement. Here, the target is 0.6748. Price consolidation is in the range of 0.6748 - 0.6735. We consider the level of 0.6717 to be a potential value for the bottom; upon reaching this value, we expect a correction.
Short-term upward movement is expected in the range of 0.6801 - 0.6814. The breakdown of the latter value will lead to the development of an upward structure. In this case, the first target is 0.6833.
The main trend is a local descending structure of November 19
Trading recommendations:
Buy: 0.6801 Take profit: 0.6812
Buy: 0.6817 Take profit: 0.6833
Sell : 0.6780 Take profit : 0.6768
Sell: 0.6765 Take profit: 0.6750
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. Here, we are following the ascending structure of November 14. The continuation of the movement to the top is expected after the breakdown of the level of 120.35. Here, the goal is 120.70. Price consolidation is near this level. The breakdown of the level of 120.70 should be accompanied by a pronounced upward movement. Here, the goal is 121.12. For the potential value for the top, we consider the level of 121.40. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is expected in the range of 120.03 - 119.83. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 119.51. This level is a key support for the upward structure.
The main trend is the upward structure of November 14
Trading recommendations:
Buy: 120.35 Take profit: 120.68
Buy: 120.72 Take profit: 121.10
Sell: 119.80 Take profit: 119.53
Sell: 119.50 Take profit: 119.26
For the pound / yen pair, the key levels on the H1 scale are : 140.82, 140.20. 139.88, 139.46, 138.91 and 138.19. Here, the price forms the medium-term initial conditions for the downward movement of November 18. The continuation of movement to the bottom is expected after the breakdown of the level of 139.46. In this case, the target is 138.91. Price consolidation is near this level. We consider the level 138.19 to be a potential value for the bottom; upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possibly in the range 139.88 - 140.20. The breakdown of the latter value will lead to an in-depth correction. Here, the goal is 140.82. This level is a key support for the downward structure. Its passage in price will lead to the formation of initial conditions for the upward trend.
The main trend is the medium-term downward structure of November 18
Trading recommendations:
Buy: 139.88 Take profit: 140.20
Buy: 140.25 Take profit: 140.80
Sell: 139.44 Take profit: 138.95
Sell: 138.86 Take profit: 138.24
