Dear colleagues.
For the EUR / USD pair, the price forms the potential for the top of October 18 in correction of the downward movement. For the GBP / USD pair, we expect movement towards the level of 1.3303 and the design of the local structure for the top. For the USD / CHF pair, the price is still in the zone of initial conditions for the upward cycle of October 13. For the USD / JPY pair, the upward structure of October 16 is considered as a large initial condition. For the of EUR / JPY pair, the price forms an upward structure from October 16. For the GBP / JPY pair, the subsequent goals for the top were determined from the local upward structure of October 17.
The forecast for October 19:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1908, 1.1879, 1.1861, 1.1823, 1.1787, 1.1774, 1.1757 and 1.1728. Here, the price forms the potential for the top of October 18 in correction of the downward structure. The continued development of the upward structure is expected after the breakdown of 1.1823. In this case, the target is 1.1861. In the area of 1.1861 - 1.1879 is the consolidation of the price. The potential value for the top is the level of 1.1908, from which we expect the correction to begin.
Short-term downward movement is possible in the area of 1.1787-1.1774. The breakdown of the last value will lead to an in-depth movement. Here, the target is 1.1757. The the breakdown of this level, in turn, will allow continued development of the downward movement. The potential target is 1.1728.
The main trend is the downward structure from October 12, the correction stage.
Trading recommendations:
Buy: 1.1825 Take profit: 1.1860
Buy: 1.1880 Take profit: 1.1905
Sell: 1.1772 Take profit: 1.1758
Sell: 1.1755 Take profit: 1.1728
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3432, 1.3401, 1.3342, 1.3303, 1.3173, 1.3123 and 1.3027. Here, we continue to follow the upward structure of October 6. At the moment, the price is in a deep correction. Currently, we expect movement towards the level of 1.3303. Short-term upward movement is possible in the area of 1.3303 - 1.3342. Breaking the level of 1.3342 should be accompanied by a pronounced movement to the level of 1.3401. The potential value for the top is still the level of 1.3432, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3173 - 1.3123. The breakdown of the latter value will lead to the development of a downward movement. In this case, the potential target is 1.3027.
The main trend is the upward structure of October 6, the stage of deep correction.
Trading recommendations:
Buy: 1.3304 Take profit: 1.3340
Buy: 1.3344 Take profit: 1.3400
Sell: 1.3170 Take profit: 1.3125
Sell: 1.3120 Take profit: 1.3030
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9908, 0.9882, 0.9832, 0.9814, 0.9770, 0.9754, 0.9732 and 0.9711. Here, we follow the formation of the upward structure of October 13, which somewhat does not correspond to the situation on the EUR / USD pair. Short-term upward movement is expected after the breakdown of 0.9814 - 0.9832. The breakdown of the last value will lead to the development of pronounced upward movement. Here, the target is 0.9882. The potential value for the top is the level of 0.9908, upon reaching which we expect a rollback to the correction.
Short-term downward movement is possible in the area of 0.9770 - 0.9754. The the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9732. This level is the key support for the top. Its breakdown will lead to a downward movement. In this case, the target is 0.9711.
The main trend is the formation of the upward structure of October 13.
Trading recommendations:
Buy: 0.9814 Take profit: 0.9830
Buy: 0.9834 Take profit: 0.9880
Sell: 0.9770 Take profit: 0.9755
Sell: 0.9752 Take profit: 0.9734
For the USD / JPY, the key levels on a scale are: 114.55, 114.14, 113.42, 113.16, 112.77, 112.52 and 112.19. Here, we follow the formation of the upward structure of October 16. Short-term upward movement is expected in the area of 113.16 - 113.42. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 114.14. The potential value for the top is the level of 114.55, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 112.77 - 112.52. The breakdown of the latter value will lead to in-depth movement. Here, the target is 112.19. This level is the key support for the top.
The main trend is the formation of the upward structure of October 16.
Trading recommendations:
Buy: 113.16 Take profit: 113.40
Buy: 113.46 Take profit: 114.10
Sell: 112.77 Take profit: 112.55
Sell: 112.48 Take profit: 112.20
For the CAD / USD pair, the key levels on the H1 scale are: 1.2521, 1.2494, 1.2479, 1.2448, 1.2414, 1.2389 and 1.2351. Here, the price lifted the upward structure from October 12 and formed the initial conditions for the downward cycle of October 17. The continuation of the downward movement is expected after the breakdown of 1.2448. In this case, the target is 1.2414. The breakdown of this level, in turn, will allow us to count on the movement towards the level of 1.2389. Near this level is the consolidation of the price. The potential value for the bottom is the level of 1.2351, from which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.2479 - 1.2494. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2521. This level is the key support for the downward structure. Its breakdown will lead to its cancellation.
The main trend is the formation of a downward structure from October 17.
Trading recommendations:
Buy: 1.2495 Take profit: 1.2520
Buy: 1.2530 Take profit: 1.2580
Sell: 1.2446 Take profit: 1.2416
Sell: 1.2412 Take profit: 1.2392
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7954, 0.7931, 0.7900, 0.7885, 0.7846, 0.7822 and 0.7772. Here, we continue to follow the upward structure of October 6. At the moment, the price is in a deep correction. Passing the price of the noise range of 0.7885 - 0.7900 will allow us to count on the movement towards 0.7931. Near this level is the consolidation of the price. The breakdown of 0.7933 should be accompanied by a movement towards the potential target of 0.7954, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.7846 - 0.7822. The breakdown of the latter value will lead to the development of a downward trend in the scale of H1. Here, the potential target is 0.7772.
The main trend is the upward structure of October 6, the stage of deep correction.
Trading recommendations:
Buy: 0.7900 Take profit: 0.7930
Buy: 0.7933 Take profit: 0.7954
Sell: 0.7844 Take profit: 0.7825
Sell: 0.7818 Take profit: 0.7790
For the EUR / JPY pair, the key levels on the scale of H1 are: 135.15, 134.69, 133.81, 133.50, 133.00, 132.72, 132.33 and 131.66. Here, the price has canceled the development of the downward structure and at the moment, we are following the formation of the upward structure of October 16. Short-term upward movement is possible in the area of 133.50 - 133.81. The breakdown of the latter value will lead to the development of a pronounced upward movement. Here, the target is 134.69. The potential value for the top is the level 135.15, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 133.00 - 132.72. The breakdown of the last value will lead to in-depth movement. Here, the target is 132.33. This level is the key support for the bottom.
The main trend is the formation of the upward structure of October 16.
Trading recommendations:
Buy: 133.50 Take profit: 133.80
Buy: 133.85 Take profit: 134.60
Sell: 133.00 Take profit: 132.74
Sell: 132.68 Take profit: 132.36
For the GBP / JPY pair, the key levels on the scale of H1 are: 151.07, 150.64, 150.40, 149.76, 149.49, 148.92. 148.55, 148.12 and 147.61. Here, the subsequent goals for the top are determined from the local upward structure of October 17. Short-term upward movement is expected in the area of 149.49 - 149.76. The breakdown of the latter value will lead to the development of a pronounced movement. Here, the target is 150.40. In the area of 150.40 - 150.64 is the consolidation of the price. The potential value for the upward movement is still the level of 151.07, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 148.92 - 148.55. The breakdown of the last value will lead to in-depth correction. Here, the target is 148.12. This level is the key support for the top. Its breakdown will lead to the lifting of the upward structure from October 17. In this case, the first target is 147.61.
The main trend is the local structure for the top of October 17.
Trading recommendations:
Buy: 149.78 Take profit: 150.40
Buy: 150.66 Take profit: 151.05
Sell: 148.90 Take profit: 148.60
Sell: 148.50 Take profit: 148.23
