Dear colleagues.
For the EUR / USD pair, the price is in the correction zone from the upward structure. The level 1.1676 is the key support. For the GBP / USD pair, the continuation of the development of the upward structure of November 3 is expected after the breakdown of 1.3240. For the USD / CHF pair, the continuation of the downward movement is expected after the breakdown of 0.9877. For the USD / JPY pair, we have expanded the potential for the downward movement towards the level of 111.10. For the EUR / JPY pair, we follow the formation of the downward structure of November 14. The GBP / JPY pair returned to the consideration of the downward structure of November 1.
Forecast for November 20:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1893, 1.1858, 1.1840, 1.1812, 1.1754, 1.1728 and 1.1676. Here, we continue to follow the upward cycle of November 7. The current price is in correction. Continued upward movement is expected after the breakdown of 1.1812. In this case, the target is 1.1840. In the area of 1.1840 - 1.1858 is the consolidation of the price. The potential value for the top is the level of 1.1893. Upon reaching this level, we expect a pullback downwards.
Consolidated traffic is possible in the area of 1.1754-1.1728. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1676. Up to this level, we expect the formation of the initial conditions for the downward cycle.
The main trend is the upward structure of November 7, the correction stage.
Trading recommendations:
Buy: 1.1812 Take profit: 1.1840
Buy: 1.1860 Take profit: 1.1890
Sell: Take profit:
Sell: 1.1725 Take profit: 1.1680
For the GBP / USD pair, the key levels on the H1 scale are: 1.3378, 1.3327, 1.3289, 1.3264, 1.3212, 1.3186 and 1.3144. Here, we follow the development of the upward structure of November 3. In the area of 1.3289 - 1.3264, we expect a short-term upward movement. The breakdown at 1.3290 will lead to a movement towards the level of 1.3327. Near this level we expect the consolidation of the price. The potential value for the top is the level of 1.3378.
Short-term downward movement is possible in the area of 1.3212 - 1.3186. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3144. This level is the key support for the top.
The main trend is the upward structure from November 3, the correction stage.
Trading recommendations:
Buy: 1.3290 Take profit: 1.3325
Buy: 1.3330 Take profit: 1.3375
Sell: 1.3184 Take profit: 1.3150
Sell: 1.3130 Take profit: 1.3100
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9949, 0.9930, 0.9914, 0.9877, 0.9849, 0.9832 and 0.9802. Here, we continue to follow the downward structure of November 1. Continued downward movement is expected after the breakdown of 0.9877. In this case, the target is 0.9849. In the area of 0.9849 - 0.9832 is the consolidation of the price. The potential value for the bottom is the level of 0.9802, from which we expect a rollback to the top.
Short-term upward movement is possible in the area of 0.9914 - 0.9930. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9949.
The main trend is the downward structure of November 1.
Trading recommendations:
Buy: 0.9914 Take profit: 0.9930
Buy: 0.9932 Take profit: 0.9947
Sell: 0.9875 Take profit: 0.9850
Sell: 0.9830 Take profit: 0.9804
For the USD / JPY pair, the key levels on the scale are: 113.03, 112.65, 112.43, 111.92, 111.66, 111.49 and 111.10. Here, we continue to follow the downward structure from November 6. The subsequent downward movement is expected after the breakdown of 111.90. Here, the target is 111.66. In the area of 111.66 - 111.49 is the consolidation of the price. The potential value for the downward movement is the level of 111.10. After reaching this level, we expect the departure towards correction.
Short-term upward movement is possible in the area of 112.43 - 112.65. The breakdown of the last value will lead to in-depth correction. Here, the target is 113.03. This level is the key support for the downward trend. Before reaching it, we expect the formation of initial conditions for the upward cycle.
The main trend is the downward structure of November 6.
Trading recommendations:
Buy: 112.43 Take profit: 112.65
Buy: 112.67 Take profit: 113.00
Sell: 111.90 Take profit: 111.68
Sell: 111.47 Take profit: 111.15
For the CAD / USD pair, the key H1 scale levels are: 1.2884, 1.2850, 1.2824, 1.2793, 1.2725 and 1.2700. Here, we follow the upward structure of November 10. Continued upward movement is expected after the breakdown of 1.2793. In this case, the target is 1.2824. In the area of 1.2824 - 1.2850 is short-term upward movement. The potential value for the top is the level of 1.2884, from which we expect the correction to begin.
Short-term downward movement is possible in the area of 1.2725 - 1.2700. This range is the key support for the top. Its breakdown will lead to the development of a downward structure. In this case, the target is 1.2662.
The main trend is the upward structure of November 10.
Trading recommendations:
Buy: 1.2795 Take profit: 1.2822
Buy: 1.2826 Take profit: 1.2850
Sell: 1.2700 Take profit: 1.2665
Sell: Take profit:
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7660, 0.7638, 0.7616, 0.7585, 0.7545, 0.7510, 0.7491 and 0.7449. Here, we continue to follow the downward structure of November 2. The breakdown at the level of 0.7545 should be accompanied by a pronounced movement towards the level of 0.7510. In the area of 0.7510 - 0.7491 is the consolidation of the price. The potential value for the bottom is the level of 0.7449, from which we expect a rollback to the top.
Correction is possible after the breakdown of 0.7585. In this case, the first target is 0.7616. Short-term upward movement is expected in the area of 0.7616 - 0.7638. The breakdown of the last value will lead to movement. Here, the target is 0.7660. Up to this level, we expect the initial conditions for the upward cycle to be formed.
The main trend is the downward structure for the bottom of November 2.
Trading recommendations:
Buy: 0.7585 Take profit: 0.7614
Buy: 0.7618 Take profit: 0.7636
Sell: 0.7543 Take profit: 0.7510
Sell: 0.7490 Take profit: 0.7450
For the EUR / JPY pair, the key levels on the scale of H1 are: 132.99, 132.39, 131.98, 131.19, 130.47, 129.85 and 129.48. Here, we follow the formation of a downward structure from November 14. The continuation of the movement downwards is expected after the breakdown of 131.19. Here, the target is 130.47. From this level, we expect the departure to the zone of initial conditions. The potential value for the downward movement is the level of 129.48. The movement towards this level is possible after the breakdown of 130.44.
The short-term upward movement is expected in the area of 131.98 - 132.39. The breakdown of the latter value will lead to an in-depth movement. Here, the target is 132.99. This level is the key support for the downward structure from November 14.
The main trend is the formation of a downward structure from November 14.
Trading recommendations:
Buy: 132.00 Take profit: 132.37
Buy: 132.43 Take profit: 132.95
Sell: 131.15 Take profit: 130.50
Sell: 130.44 Take profit: 129.48
For the GBP / JPY pair, the key levels on the scale of H1 are: 149.85, 148.89, 148.44, 147.87, 147.41, 146.61, 146.18 and 145.27. Here, we continue to follow the development of the downward structure of November 1. In the area of 147.87 - 147.41 we expect a consolidated movement. The breakdown at 147.40 should be accompanied by a pronounced downward movement. Here, the target is 146.61. In the range of 146.61 - 146.18 is the consolidation of the price. The potential value for the bottom is the level of 145.27. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 148.44 - 148.89. The breakdown of the last value will lead to in-depth correction. Here, the target is 149.85.
The main trend is the downward structure of November 1.
Trading recommendations:
Buy: 148.45 Take profit: 148.85
Buy: 148.93 Take profit: 149.80
Sell: 147.40 Take profit: 146.65
Sell: 146.15 Take profit: 145.30
