Dear colleagues.
For the key currency pairs, the key goals remain unchanged. We expect the situation to develop on the scale of H1. For the EUR / USD pair, the downward structure of September 20 is considered as local initial conditions. For the GBP / USD pair, we are waiting for the continuation of the upward movement after the breakdown of 1.3585. For the USD / CHF pair, the continuation of the upward movement is expected after the breakdown of 0.9725. For the USD / JPY pair, the continuation of the upward movement is expected after the breakdown of 112.80. At the moment, the price is in correction. For the EUR / JPY pair, the resumption of traffic to the top is expected after the breakdown of 134.05. For the GBP / JPY pair, the continuation of the upward movement is expected after the breakdown of 152.84.
Forecast for September 25:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1987, 1.1940, 1.1864, 1.1829, 1.1801 and 1.1762. Here, we follow the local top-down structure from September 20. At the moment, the price is in the correction area. Continued downward movement is expected after the breakdown of 1.1864. In this case, the target is 1.1829. In the area of 1.1829 - 1.1801 is the consolidation of the price. The potential value for the bottom is still the level of 1.1762, from which we expect a rollback into the correction.
Short-term upward movement is possible in the area of 1.1940 - 1.1987. Hence, there is a high probability of a downward turn. The breakdown of the level of 1.1987 will lead to an upward structure on the scale of H1.
The main trend is the local structure of September 20.
Trading recommendations:
Buy: Take profit:
Buy: 1.1942 Take profit: 1.1985
Sell: 1.1862 Take profit: 1.1830
Sell: 1.1800 Take profit: 1.1764
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3786, 1.3694, 1.3650, 1.3580, 1.3448 and 1.3382. Here, we continue to follow the upward cycle of September 14. Continued upward movement is expected after the breakdown of 1.3580. Here, the first target is 1.3650. Short-term uptrend is possible in the area of 1.3650 - 1.3694. The breakdown of the last value will lead to a movement towards the potential target of 1.3786, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3448 - 1.3382. The breakdown of the latter value will lead to the development of a downward structure. In this case. The potential target is 1.3173.
The main trend is the local structure from September 14, the correction stage.
Trading recommendations:
Buy: 1.3580 Take profit: 1.3648
Buy: 1.3650 Take profit: 1.3692
Sell: 1.3445 Take profit: 1.3384
Sell: 1.3380 Take profit: 1.3275
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9868, 0.9810, 0.9779, 0.9725, 0.9683, 0.9656 and 0.9606. Here, we continue to follow the upward structure of September 8. Continued upward movement is expected after the breakdown of 0.9725. Here, the first target is 0.9779. In the area of 0.9779 - 0.9810 is short-term upward movement, as well as consolidation. The potential value for the top is the level of 0.9868, from which we expect a pullback downwards.
Short-term downtrend is expected in the range of 0.9683 - 0.9656. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9606. This level is the key support for the top on the scale of H1. Its breakdown will allow us to count on the movement towards the potential target of 0.9539.
The main trend is the upward structure of September 8.
Trading recommendations:
Buy: 0.9725 Take profit: 0.9778
Buy: 0.9810 Take profit: 0.9865
Sell: 0.9683 Take profit: 0.9658
Sell: 0.9654 Take profit: 0.9608
For the USD / JPY pair, the key levels on a scale are: 114.24, 113.25, 112.79, 111.92, 111.27, 110.90, 110.08 and 109.01. Here, we continue to follow the upward structure of September 8. The short-term upward movement is expected in the area of 112.79 - 113.25. The breakdown of the last value will allow us to count on the movement towards the potential target of 114.24, from which we expect a pullback downwards.
The correction zone is possible after the breakdown of 111.90. Here, the goal is the level of 111.27. The range 111.27 - 110.90 is the key support for the top. Passing this price will lead to the development of a downward structure. In this case, the target is 110.08.
The main trend is the upward structure of September 8.
Trading recommendations:
Buy: 112.80 Take profit: 113.22
Buy: 113.27 Take profit: 114.20
Sell: 111.90 Take profit: 111.30
Sell: 110.88 Take profit: 110.10
For the CAD / USD pair, the key levels on the H1 scale are: 1.2551, 1.2504, 1.2402, 1.2354, 1.2265, 1.2222, 1.2159 and 1.2021. Here, we follow the development of the upward structure of September 8. Short-term upward movement is possible in the range 1.2354 - 1.2402. The breakdown of the latter value will lead to the development of a pronounced movement. Here, the target is 1.2504. The potential value for the top is the level of 1.2551, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.2265 - 1.2222. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2159. This level is the key support for the top. Its breakdown will lead to a downward structure. In this case, the potential target is 1.2021.
The main trend is the upward structure of September 8.
Trading recommendations:
Buy: 1.2354 Take profit: 1.2400
Buy: 1.2406 Take profit: 1.2500
Sell: 1.2265 Take profit: 1.2224
Sell: 1.2220 Take profit: 1.2160
For the AUD / USD pair, the key levels on the scale of H1 are: 0.8023, 0.7983, 0.7951, 0.7902, 0.7874, 0.7846 and 0.7780. Here, we follow the downward structure of September 20. Continued downward movement is expected after the breakdown of 0.7902. In this case, the target is 0.7874. In the area of 0.7874 - 0.7846 is the consolidation of the price. The potential value for the downward movement is still the level of 0.7780. The movement towards this level is expected after the breakdown of 0.7844.
Short-term upward movement is possible in the area of 0.7951 - 0.7980. The breakdown of the last value will lead to an in-depth movement. Here, the target is 0.8023. This level is the key resistance for the top.
The main trend is the downward structure of September 20.
Trading recommendations:
Buy: 0.7951 Take profit: 0.7980
Buy: 0.7985 Take profit: 0.8020
Sell: 0.7900 Take profit: 0.7876
Sell: 0.7844 Take profit: 0.7785
For the of EUR / JPY pair, the key levels on the scale of H1 are: 136.47, 135.61, 134.95, 134.00, 133.21, 132.51, 131.53 and 130.67. Here, we continue to follow the upward structure of September 15. Continued upward movement is expected after the breakdown of 134.05. In this case, the target is 134.95. In the area of 134.95 - 135.61 is the consolidation of the price. The potential value for the top is the level of 136.47, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 133.21 - 132.51. The breakdown of the latter value will lead to the formation of a downward structure. Here, the target is 131.53. This level is the key resistance for the subsequent development of a downward trend.
The main trend is a local structure for the top of September 15.
Trading recommendations:
Buy: 134.05 Take profit: 134.95
Buy: 134.98 Take profit: 135.60
Sell: 133.20 Take profit: 132.55
Sell: 132.46 Take profit: 131.55
For the GBP / JPY pair, the key levels on the scale of H1 are: 156.45, 155.47, 153.96, 152.84, 150.20, 149.53, 148.52 and 146.86. Here, we continue to follow the upward structure of September 14. At the moment, it is possible to move to the level of 152.84, after which we expect consolidation in the area of 152.84 - 153.96. The level break at 154.00 should be accompanied by a pronounced movement to the level of 155.47. The potential value for the top is the level of 156.45.
Short-term downward movement is possible in the area of 150.20 - 149.53. The breakdown of the last value will lead to in-depth correction. Here, the target is 148.52. This level is the key support for the top. Its breakdown will lead to the development of the downward structure.
The main trend is the local cycle of September 14.
Trading recommendations:
Buy: 152.84 Take profit: 153.92
Buy: 154.00 Take profit: 155.45
Sell: 150.20 Take profit: 149.55
Sell: 149.48 Take profit: 148.60
