Outlook on October 1 3:
Analytical overview of major pairs on the H1 TF:
The key levels for the euro/dollar pair on the H1 chart are 1.1939, 1.1904, 1.1878, 1.1835, 1.1797, 1.1774, 1.1748 and 1.1696. The local bullish structure from October 2 is being monitored here. Moreover, the growth of the pair is expected to continue after breaking through the level of 1.1835. In this case, the target is 1.1878. There is a short-term decline and consolidation in the range of 1.1878 - 1.1904. For the potential value for the top, we consider the level 1.1939; upon reaching which, a downward pullback is expected.
A short-term decline and consolidation is expected in the range of 1.1797 - 1.1774. If the last value breaks down, it will lead to a deep correction. The target is 1.1748, which is a key support for the top.
The main trend is the local structure of October 2, the correction stage
Trading recommendations:
Buy: 1.1835 Take profit: 1.1878
Buy: 1.1879 Take profit: 1.1904
Sell: 1.1773 Take profit: 1.1750
Sell: 1.1745 Take profit: 1.1705
The key levels for the pound/dollar pair are 1.3250, 1.3170, 1.3107, 1.3064, 1.3016, 1.2976 and 1.2908. Here, we are following the development of the upward structure from September 25. Now, a short-term growth is expected in the range of 1.3064 - 1.3107. If the last value breaks down, we can continue to the next level of 1.3170. Price consolidation is near this level. On the other hand, we consider the level of 1.3250 as a potential level for the top. Upon reaching which, we expect a downward pullback.
A short-term decline is expected in the range of 1.3016 - 1.2976. If the last value breaks down, it will lead to a deep correction. Here, the potential target is 1.2908, which is the key support for the top.
The main trend is the upward structure from September 25
Trading recommendations:
Buy: 1.3064 Take profit: 1.3106
Buy: 1.3109 Take profit: 1.3168
Sell: 1.3016 Take profit: 1.2977
Sell: 1.2975 Take profit: 1.2908
The key levels for the dollar/franc pair are 0.9186, 0.9145, 0.9119, 0.9075, 0.9033, 0.9009 and 0.8960. We are following the development of the descending structure from September 25 here. On the other hand, the breakdown of the level of 0.9075 will lead to the development of a strong decline. Here, the target is 0.9033. Price consolidation, in turn, is in the range of 0.9033 - 0.9009. For the potential value for the bottom, we consider the level of 0.8960, the movement to which is expected after breaking through the level of 0.9009.
A short-term increase is possible in the range of 0.9119 - 0.9145. If the last value breaks down, it will lead to a deep correction. Here, the potential target is 0.9186, which is a key support for the bottom.
The main trend is the descending structure from September 25
Trading recommendations:
Buy : 0.9120 Take profit: 0.9144
Buy : 0.9146 Take profit: 0.9186
Sell: 0.9075 Take profit: 0.9035
Sell: 0.9031 Take profit: 0.9010
The key levels for the dollar/yen are 105.81, 105.64, 105.48, 105.19, 105.05, 104.86 and 104.75. The development of the top-down structure from October 7 is being followed here. A short-term decline is expected in the range of 105.19 - 105.05. If the last value breaks down, it will lead to a strong movement to the level of 104.86. For the potential value for the bottom, we consider the level 104.75. Upon reaching which, we expect consolidation and upward pullback.
A short-term growth is expected in the range of 105.48 - 105.64. Breaking through the last value will lead to a deep correction. The target here is 105.81, which is the key support for the downward structure.
The main trend is the descending structure from October 7
Trading recommendations:
Buy: 105.48 Take profit: 105.62
Buy : 105.65 Take profit: 105.80
Sell: 105.19 Take profit: 105.06
Sell: 105.03 Take profit: 104.87
The key levels for the USD/CAD pair are 1.3274, 1.3232, 1.3210, 1.3179, 1.3110, 1.3057 and 1.3017. Here, we are following the development of the downtrend cycle from September 29. The decline is expected to continue after breaking through the level of 1.3110. In this case, the next target is 1.3057. For the potential value for the downward trend, we consider the level of 1.3017. Upon reaching which, consolidation and upward pullback is expected.
On the other hand, correction is expected to end after breaking through the level of 1.3180. The next target is 1.3210. On the other hand, the range of 1.3210 - 1.3232 is the key support for the downward structure and the price passing this level will lead to the formation of initial conditions for the upward cycle. In this case, the first target is 1.3274.
The main trend is the descending structure from September 29
Trading recommendations:
Buy: 1.3180 Take profit: 1.3210
Buy : 1.3233 Take profit: 1.3274
Sell: 1.3110 Take profit: 1.3060
Sell: 1.3055 Take profit: 1.3017
The key levels for the AUD/USD pair are 0.7326, 0.7277, 0.7243, 0.7190, 0.7151, 0.7128 and 0.7092. Now, we are following the upward structure from September 25. Moreover, a short-term growth is expected in the range of 0.7243 - 0.7277. For the potential value for the top, we consider the level of 0.7326. Upon reaching which, we expect a downward pullback.
A corrective decline is expected in the range of 0.7190 - 0.7151. On the other hand, the main support for the upward trend is in the range of 0.7151 - 0.7128 and the price passing this level will encourage the formation of initial conditions for a downward cycle. Here, the first potential target is 0.7092.
The main trend is the upward structure from September 25, the correction stage
Trading recommendations:
Buy: 0.7245 Take profit: 0.7275
Buy: 0.7278 Take profit: 0.7326
Sell : 0.7190 Take profit : 0.7154
Sell: 0.7126 Take profit: 0.7092
The key levels for the euro/yen pair are 126.40, 125.96, 125.28, 124.88, 124.22 and 123.80. Here, we are following the development of the rising structure from October 2. A short-term growth, in turn, is expected in the range of 124.88 - 125.28. If the last value breaks down, it will lead to the development of a strong movement. The target here is 125.96. As a potential value for the top, we consider the level of 126.40. Upon reaching which, we expect consolidation and downward pullback.
A short-term decline is possible in the range of 124.22 - 123.80. If the last value breaks down, it will favor the development of a downward trend. Here, the potential target is 122.96.
The main trend is a local upward structure from October 2, the correction stage
Trading recommendations:
Buy: 124.88 Take profit: 125.27
Buy: 125.30 Take profit: 125.96
Sell: 124.20 Take profit: 123.82
Sell: 123.75 Take profit: 123.00
The key levels for the pound/yen pair are 139.86, 139.26, 138.27, 137.88, 137.23, 136.70 and 135.94. The development of the local ascending structure from October 2 is being followed here. Now, a short-term upward movement is expected in the range of 137.88 - 138.27, and breaking through the last value will lead to a strong growth. Here, the target is 139.26. For the potential value for the top, we consider the level of 139.86. Upon reaching which, we expect consolidation and downward pullback.
A short-term downward movement is expected in the range of 137.23 - 136.70. If the last value breaks down, it will lead to a deep correction. Here, the target is 135.94, which is the key support for the top.
The main trend is the medium-term upward structure from September 23, as well as the local structure for the top from October 2
Trading recommendations:
Buy: 137.88 Take profit: 138.26
Buy: 138.35 Take profit: 139.26
Sell: 137.23 Take profit: 136.72
Sell: 136.65 Take profit: 136.10
