Dear colleagues.
For the EUR / USD pair, we expect an in-depth development of the upward correction and the formation of an expressed potential for the upward cycle to the level of 1.1866. For the GBP / USD pair, we follow the formation of the initial conditions for the upward trend of October 6. For the USD / CHF pair, we expect movement towards the level of 0.9733 in a downward structure. For the USD / JPY pair, the price entered the correction zone. The range of 112.31 - 111.95 is the key support. For the EUR / JPY pair, we are following a small potential for the top of October 5. For the GBP / JPY pair, we are monitoring the formation of the potential for the top of October 6.
The forecast for October 10:
Analytical review of currency pairs in the scale of H1:
For the of EUR / USD pair, the key levels on the scale of H1 are: 1.1866, 1.1829, 1.1801, 1.1758, 1.1700, 1.1642, 1.1607 and 1.1536. Here, we continue to monitor the local downward structure of September 29. At the moment, the price has entered a correction and forms the potential for the top. We expect the structure to reach the level of 1.1866. Currently, the first potential target is 1.1800. Short-term upward movement is possible in the area of 1.1801 - 1.1829. The breakdown of the last value will lead to a deeper movement. Here, the target is 1.1866. Up to this level we expect the initial conditions for the upward cycle to be formed.
The breakdown at the level of 1.1700 should be accompanied by a pronounced downward movement. The target is 1.1642. In the area of 1.1642 - 1.1607 is the consolidation of the price. The potential value for the bottom is the level of 1.1536, upon reaching which we expect a rollback upward.
The main trend is the local structure for the bottom of September 29, the correction stage.
Trading recommendations:
Buy: 1.1758 Take profit: 1.1800
Buy: 1.1830 Take profit: 1.1864
Sell: 1.1700 Take profit: 1.1644
Sell: 1.1640 Take profit: 1.1610
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3342, 1.3303, 1.3246, 1.3195, 1.3123, 1.3087, 1.3027, 1.2971 and 1.2906. Here, the price has formed the structure of initial conditions from October 6 on an upward cycle. The short-term upward movement is expected in the area of 1.3195 - 1.3246. The breakdown of the last value will allow us to count on the movement towards the level of 1.3303. In the area of 1.3303 - 1.3342 is the consolidation of the price.
Short-term downward movement is possible in the area of 1.3123 - 1.3087. The breakdown of the last value will lead to the development of the downward structure. Here, the target is 1.3027. This level is the key resistance for the development of the pronounced movement to the bottom. Its breakdown will allow us to count on the achievement at 1.2971. We consider the level of 1.2906 as a potential value for the downward trend.
The main trend is the formation of initial conditions for the upward movement of October 6.
Trading recommendations:
Buy: 1.3195 Take profit: 1.3244
Buy: 1.3248 Take profit: 1.3300
Sell: 1.3123 Take profit: 1.3088
Sell: 1.3082 Take profit: 1.3030
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9872, 0.9842, 0.9819, 0.9786, 0.9752, 0.9733, 0.9702 and 0.9670. Here, the price is in correction and we expect its in-depth development with the subsequent formation of a downward structure from October 6. At the moment, the target is 0.9735. The consolidated downward trend is possible in the range of 0.9733 - 0.9702. The breakdown of the last value will lead to the formation of a downward structure. Here, the target is 0.9670.
Continued upward movement is expected after the breakdown of 0.9820. In this case, the target is 0.9840. In the area of 0.9819 - 0.9842 is the consolidation of the price. The potential value for the top is the level of 0.9872, from which we expect a pullback downwards.
The main trend is the local upward structure from September 29, the correction stage.
Trading recommendations:
Buy: 0.9822 Take profit: 0.9840
Buy: 0.9844 Take profit: 0.9870
Sell: 0.9770 Take profit: 0.9735
Sell: 0.9730 Take profit: 0.9705
For the USD / JPY pair, the key levels on the scale are: 115.15, 114.26, 113.25, 112.79, 112.31, 111.95 and 111.32. Here, we continue to follow the main upward trend of September 8. Continued development of the upward trend is expected after passing the price of the noise range of 112.79 - 113.25. In this case, the target is 114.26. Near this level is the consolidation of the price. The potential value for the top is the level of 115.15, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 112.31 - 111.95. The breakdown of the last value will lead to in-depth correction. Here, the target is 111.32. This level is the key support for the top.
The main trend is the upward structure of September 8.
Trading recommendations:
Buy: 113.27 Take profit: 114.24
Buy: 114.28 Take profit: 115.12
Sell: 111.30 Take profit: 111.96
Sell: 111.93 Take profit: 111.34
For the CAD / USD pair, the key levels on the H1 scale are: 1.2724, 1.2684, 1.2631, 1.2595, 1.2551, 1.2513, 1.2442 and 1.2381. Here, the subsequent objectives for the top were determined from the local upward structure of October 4. Short-term upward movement is expected in the area of 1.2595 - 1.2631. The breakdown of the last value will lead to a movement towards the level of 1.2684. The potential value for the top is the level of 1.2724, after which we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is possible in the area of 1.2551 - 1.2513. The breakdown of the last value will lead to the development of a downward structure. In this case, the first target is 1.2442. The potential value for the bottom is still the level of 1.2381.
The main trend is a local upward structure of October 4.
Trading recommendations:
Buy: 1.2595 Take profit: 1.2630
Buy: 1.2633 Take profit: 1.2684
Sell: 1.2550 Take profit: 1.2515
Sell: 1.2510 Take profit: 1.2445
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7872, 0.7835, 0.7795, 0.7770, 0.7720, 0.7650 and 0.7610. Here, we continue to follow the downward structure from September 20. At the moment, the price is in correction. The breakdown of 0.7715 will lead to a movement towards 0.7650. The potential value for the bottom is the level of 0.7610, from which we expect a rollback upward.
Short-term upward movement is possible in the area of 0.7770 - 0.7795. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7835. Up to the level of 0.7872 we expect initial conditions for the upward cycle to be formed.
The main trend is the downward structure of September 20.
Trading recommendations:
Buy: 0.7837 Take profit: 0.7870
Buy: 0.7797 Take profit: 0.7835
Sell: 0.7715 Take profit: 0.7660
Sell: 0.7648 Take profit: 0.7615
For the EUR / JPY pair, the key levels on the scale of H1 are: 133.83, 133.25, 132.79, 131.85, 131.32, 130.34, 129.99 and 129.32. Here, we expect the development of the upward potential of October 5. Short-term upward movement is possible in the area of 132.79 - 133.25. The breakdown of the last value will lead to in-depth correction. Here, the target is 133.83. This level is the key support for the downward structure from September 22.
Continued downward movement is expected after the breakdown of 131.85. Here, the target is 131.32. Near this level is the consolidation of the price. The breakdown at 131.30 should be accompanied by a pronounced downward movement towards 130.34. In the area of 130.34 - 129.99 is the consolidation of the price. We consider the potential value for the downward movement to be 129.32, from which we expect a pullback upward.
The main trend is the formation of the upward potential of October 5.
Trading recommendations:
Buy: 132.80 Take profit: 133.20
Buy: 133.27 Take profit: 133.80
Sell: 131.85 Take profit: 131.35
Sell: 131.28 Take profit: 130.40
For the GBP / JPY pair, key levels on the scale of H1 are: 150.55, 149.53, 148.52, 147.31, 146.49, 145.36 and 144.70. Here, the price forms a small potential for the top of October 6. Short-term upward movement is possible in the area of 148.52 - 149.53. The breakdown of the last value will lead to in-depth correction. Here, the target is 150.55. This level is the key support for the downward cycle.
Short-term downward movement is expected in the range of 147.31 - 146.49. The breakdown of the latter value will lead to the development of a pronounced movement. Here, the target is 145.36. In the area of 145.36 - 144.70 is the consolidation of the price.
The main trend is the formation of the potential for the top of October 6.
Trading recommendations:
Buy: 148.52 Take profit: 149.30
Buy: 149.55 Take profit: 155.50
Sell: 147.30 Take profit: 146.55
Sell: 146.45 Take profit: 145.54
