Forecast for October 25:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1223, 1.1181, 1.1158, 1.1138, 1.1122, 1.1103, 1.1083, 1.1068 and 1.1049. Here, the price forms a pronounced structure for the downward movement of October 21. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.1103. In this case, the target is 1.1083. Price consolidation is in the range of 1.1083 - 1.1068 For the potential value for the bottom, we consider the level of 1.1049. Upon reaching which, we expect a pullback to the top.
Short-term upward movement is expected in the range 1.1122 - 1.1138. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.1158. This level is a key support for the downward structure.
The main trend is the descending structure of October 21.
Trading recommendations:
Buy: 1.1122 Take profit: 1.1136
Buy: 1.1140 Take profit: 1.1156
Sell: 1.1103 Take profit: 1.1083
Sell: 1.1068 Take profit: 1.1050
For the pound / dollar pair, the key levels on the H1 scale are: 1.3215, 1.3141, 1.3033, 1.2939, 1.2810, 1.2734 and 1.2625. Here, we are following the development of the upward cycle of October 9. At the moment, the price has expressed a pronounced potential for the downward movement of October 21. The continuation of the movement to the top is expected after the breakdown of the level of 1.2959. In this case, the first target is 1.3035. The breakdown of the level of 1.3035 will lead to a pronounced upward movement. Here, the potential target is 1.3141. Price consolidation is in the range of 1.3141 - 1.3215.
We expect consolidated movement in the range of 1.2877 - 1.2810. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2715. This level is a key support for the top. Its breakdown will lead to the formation of potential for the downward cycle. Here, the goal is 1.2625.
The main trend is the ascending structure of October 9, the formation of the descending structure of October 21.
Trading recommendations:
Buy: 1.2960 Take profit: 1.3031
Buy: 1.3035 Take profit: 1.3140
Sell: 1.2808 Take profit: 1.2717
Sell: 1.2713 Take profit: 1.2627
For the dollar / franc pair, the key levels on the H1 scale are: 0.9999, 0.9976, 0.9963, 0.9943, 0.9929, 0.9909, 0.9898 and 0.9878. Here, we are following the development of the ascending structure of October 18. Short-term upward movement is expected in the range 0.9929 - 0.9943. The breakdown of the last value will lead to pronounced movement. Here, the target is 0.9963. Short-term upward movement, as well as consolidation is in the range of 0.9963 - 0.9976. For the potential value for the top, we consider the level of 0.9999. Upon reaching this value, we expect a rollback to the bottom.
Short-term downward movement is possibly in the range of 0.9909 - 0.9898. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.9878. This level is a key support for the upward structure.
The main trend is the upward structure of October 18.
Trading recommendations:
Buy : 0.9930 Take profit: 0.9943
Buy : 0.9945 Take profit: 0.9963
Sell: 0.9909 Take profit: 0.9900
Sell: 0.9896 Take profit: 0.9878
For the dollar / yen pair, the key levels on the scale are : 109.66, 109.33, 108.90, 108.72, 108.24, 108.02 and 107.67. Here, we are following the development of the upward cycle of October 4. Short-term upward movement is expected in the range 108.72 - 108.90. The breakdown of the latter value will lead to a movement to the level of 109.33. Price consolidation is near this level. For the potential value for the top, we consider the level of 109.66. Upon reaching this level, we expect a consolidated movement, as well as a pullback to the bottom.
Short-term downward movement is expected in the range of 108.24 - 108.02. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 107.67. This level is a key support for the top.
Main trend: local structure for the top of October 23.
Trading recommendations:
Buy: 108.90 Take profit: 109.30
Buy : 109.34 Take profit: 109.65
Sell: 108.24 Take profit: 108.03
Sell: 108.00 Take profit: 107.70
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3160, 1.3128, 1.3101, 1.3073, 1.3036 and 1.2989. Here, we consider the descending structure of October 10 as a medium-term initial condition. The continuation of movement to the bottom is expected after the breakdown of the level of 1.3073. In this case, the target is 1.3036. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 1.2989. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possibly in the range of 1.3101 - 1.3128. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3160. This level is a key support for the downward structure.
The main trend is the downward cycle of October 10.
Trading recommendations:
Buy: 1.3101 Take profit: 1.3126
Buy : 1.3130 Take profit: 1.3160
Sell: 1.3073 Take profit: 1.3038
Sell: 1.3034 Take profit: 1.3000
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6933, 0.6901, 0.6886, 0.6856, 0.6836, 0.6794, 0.6781, 0.6752 and 0.6722. Here, we are following the descending structure of October 22. At the moment, we expect to reach the level of 0.6794. Price consolidation is in the range of 0.6794 - 0.6781. The breakdown of the level of 0.6780 will lead to a pronounced movement. Here, the target is 0.6752. Price consolidation is near this level, and there is also a high probability of a rollback to the top. For the potential value for the bottom, we consider the level of 0.6722. Upon reaching which, we expect a departure in the correction.
Short-term upward movement is possibly in the range of 0.6836 - 0.6856. The breakdown of the latter value will favor the formation of an ascending structure. Here, the potential target is 0.6886.
The main trend is the descending structure of October 22.
Trading recommendations:
Buy: 0.6836 Take profit: 0.6854
Buy: 0.6858 Take profit: 0.6886
Sell : 0.6780 Take profit : 0.6752
Sell: 0.6750 Take profit: 0.6724
For the euro / yen pair, the key levels on the H1 scale are: 121.95, 121.79, 121.34, 121.03, 120.61, 120.28, 119.92 and 119.64. Here, we are following the development of the local ascendant structure of October 15. Short-term upward movement is expected in the range 121.03 - 121.34. The breakdown of the level of 121.35 should be accompanied by a pronounced upward movement. Here, the target is 121.79. Price consolidation is in the range of 121.79 - 121.95. From here, we expect a correction.
Short-term downward movement is possibly in the range of 120.61 - 120.28. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 119.92. This level is a key support for the top. Its passage at the price will lead to the formation of initial conditions for the downward cycle. In this case, the first goal - 119.64.
The main trend is the upward structure of October 15.
Trading recommendations:
Buy: 121.05 Take profit: 121.34
Buy: 121.36 Take profit: 121.76
Sell: 120.60 Take profit: 120.33
Sell: 120.25 Take profit: 119.94
For the pound / yen pair, the key levels on the H1 scale are : 142.82, 141.23, 139.53, 138.70, 137.79 and 137.08. Here, we are following the development of the upward cycle of October 8. The continuation of movement to the top is expected after the breakdown of the level of 141.23. In this case, the potential target is 142.82. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is possibly in the range of 139.53 - 138.70. The breakdown of the last value will lead to a long correction. Here, the target is 137.79. The range of 137.79 - 137.08 is the key support for the top.
The main trend is the medium-term upward structure of October 8.
Trading recommendations:
Buy: Take profit:
Buy: 141.25 Take profit: 142.80
Sell: 139.50 Take profit: 138.75
Sell: 138.65 Take profit: 137.80
