Dear colleagues.
For the of EUR / USD pair, the price forms a local upward structure from November 21. For the GBP / USD pair, the potential for the upward cycle is at 1.3451. The continuation of the upward movement is expected after the breakdown of 1.3330. For the USD / CHF pair, the price resumed the downward cycle movement from November 1. For the USD / JPY pair, the price is close to the limit values for the downward movement at the level of 110.75. For the EUR / JPY pair, we follow the formation of the downward structure of November 14. For the GBP / JPY pair, the pronounced downward movement is expected after the breakdown at 147.40. The movement towards the top is considered as a correction.
Forecast for November 23:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1913, 1.1896, 1.1852, 1.1833, 1.1799, 1.1781, 1.1754 and 1.1713. Here, the price formed the local upward structure from November 21 to continue the upward trend. Continued upward movement is expected after passing the price of the noise range of 1.1833 - 1.1852. In this case, the target is 1.1896. In the area of 1.1896 - 1.1913 is the consolidation of the price.
Short-term downward movement is possible in the area of 1.1799-1.1781. The breakdown of the last value will lead to in-depth movement. Here, the target is 1.1754. This level is the key support for the upward structure. Its breakdown will lead to to the formation of a downward movement. Here, the target is 1.1713.
The main trend is the local upward structure of November 21.
Trading recommendations:
Buy: 1.1853 Take profit: 1.1894
Buy: Take profit:
Sell: 1.1780 Take profit: 1.1756
Sell: 1.1752 Take profit: 1.1715
For the GBP / USD pair, the key levels on the H1 scale are: 1.3451, 1.3404, 1.3378, 1.3328, 1.3289, 1.3264, 1.3231 and 1.3186. Here, we continue to follow the development of the upward structure of November 3. Continued upward movement is expected after the breakdown of 1.3330. Here, the target is 1.3378. In the area of 1.3378 - 1.3404 is the consolidation of the price. The potential value for the top is the level of 1.3451, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3289 - 1.3264. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3231. This level is the key support for the top. Its breakdown will allow us to count on the movement towards the first target of 1.3186.
The main trend is the upward structure of November 3.
Trading recommendations:
Buy: 1.3330 Take profit: 1.3375
Buy: 1.3406 Take profit: 1.3450
Sell: 1.3289 Take profit: 1.3266
Sell: 1.3262 Take profit: 1.3232
For the USD / CHF, the key levels on the scale of H1 are: 0.9915, 0.9880, 0.9849, 0.9832, 0.9802, 0.9759 and 0.9735. Here, we continue to follow the downward structure of November 1. Continued downward movement is expected after the breakdown of 0.9800. In this case, the target is 0.9759. In the area of 0.9759 - 0.9735 is the consolidation of the price.
Short-term upward movement is possible in the area of 0.9832 - 0.9849. The breakdown of the last value will lead to an in-depth movement into correction. Here, the target is 0.9880. The level of 0.9915 is still considered as a potential for the top. Before reaching it, we expect the initial conditions for the upward cycle to be formed.
The main trend is the downward structure of November 1.
Trading recommendations:
Buy: 0.9832 Take profit: 0.9846
Buy: 0.9850 Take profit: 0.9880
Sell: 0.9800 Take profit: 0.9765
Sell: 0.9755 Take profit: 0.9735
For the USD / JPY pair, the key levels on a scale are: 112.22, 111.98, 111.66, 111.49, 111.10 and 110.75. Here, we continue to follow the downward structure of November 6. The level 110.75 is the limit value until the correction is made to the top. Continuation of the downward movement is possible after the breakdown of 111.10. Here, the target is 110.75. From this level, we expect a turn. In general, the potential of the downward structure is at the level of 110.03. However, we do not recommend trading at this value.
Short-term upward movement is possible in the area of 111.49 - 111.66. The breakdown of the last value will lead to a deeper movement. Here, the goal is 111.98. Up until the level of 112.22, we expect the capacity for the upward cycle to be formed.
The main trend is the downward structure of November 6.
Trading recommendations:
Buy: 111.50 Take profit: 111.64
Buy: 111.68 Take profit: 111.95
Sell: 111.05 Take profit: 110.87
Sell: Take profit:
For the CAD / USD pair, the key levels on the H1 scale are: 1.2791, 1.2755, 1.2729, 1.2714, 1.2682, 1.2656, 1.2623 and 1.2606. Here, the price forms the potential for the bottom of November 21. Short-term downward movement is possible in the area of 1.2682 - 1.2656. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 1.2623. In the area of 1.2623 - 1.2606 is the consolidation of the price.
The correction is possible after passing the level of 1.2714 - 1.2729. Here, the target is 1.2755. The breakdown of this level will lead to to formation of the initial conditions for the top. In this case, the potential target is 1.2791.
The main trend is the formation of a downward structure from November 21.
Trading recommendations:
Buy: 1.2730 Take profit: 1.2755
Buy: 1.2757 Take profit: 1.2790
Sell: 1.2680 Take profit: 1.2660
Sell: 1.2654 Take profit: 1.2625
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7717, 0.7692, 0.7660, 0.7629, 0.7587, 0.7564, 0.7529 and 0.7491. Here, the price forms the potential for the top of November 21. Continued development of the upward structure is expected after the breakdown of 0.7630. In this case, the target is 0.7660. Near this level is the consolidation of the price. The breakdown of 0.7660 should be accompanied by a pronounced upward movement. In this case, the target is 0.7692. The potential value for the upward trend so far is the level of 0.7717.
Short-term downward movement is possible in the area of 0.7587 - 0.7564. Hence, the probability of a reversal is high. The breakdown at 0.7564 will lead to a downward trend and the target is 0.7530. The potential value for the bottom is the level of 0.7491.
The main trend is the formation of the upward potential of November 21.
Trading recommendations:
Buy: 0.7630 Take profit: 0.7660
Buy: 0.7662 Take profit: 0.7690
Sell: 0.7586 Take profit: 0.7566
Sell: 0.7562 Take profit: 0.7535
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 downward movement 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.
Short-term upward movement is expected in the area of 131.98 - 132.39. The breakdown of the last 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: 150.60, 150.14, 149.81, 149.34, 148.36, 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 in the short-term is the consolidation of the price. The potential value for the bottom is the level of 145.27, upon reaching which we expect a rollback to the top.
The breakdown at the level of 149.34 will lead to to the development of the upward structure from November 20. In this case, the target is 149.81. In the area of 149.81 - 150.14 is the consolidation of the price. The potential value for the top is the level of 150.60.
The main trend is the downward structure of November 1.
Trading recommendations:
Buy: 149.35 Take profit: 149.80
Buy: 150.16 Take profit: 150.60
Sell: 147.85 Take profit: 147.45
Sell: 147.38 Take profit: 146.75
