Dear colleagues.
For the EUR / USD pair, we expect the move to the level of 1.1642. For the GBP / USD pair, the potential for downward movement towards the level of 1.2906 was expanded. For the USD / CHF pair, we continue to monitor the upward structure of September 29. For the of USD / JPY pair, the continuation of the upward movement on the scale of H1 is expected after the breakdown of 113.25. For the of EUR / JPY pair, we are inclined to the development of a downward structure from September 22. For the GBP / JPY pair, we follow the downward structure of September 21.
The forecast for October 6:
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 follow the local downward structure of September 29. 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.
We expect the correction to continue after the breakdown at 1.1758. In this case, the first 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 main trend is the local structure for the bottom of September 29.
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 H1 scale levels are: 1.3331, 1.3246, 1.3173, 1.3133, 1.3045, 1.2971 and 1.2906. Here, we expect to reach the level of 1.3045. In the area of 1.3045 - 1.2971, we expect short-term downward movement, as well as the consolidation of the price. The potential value for the bottom is the level of 1.2906, from which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.3133 - 1.3173. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3246. This level is the key support for the downward structure. Its breakdown will lead to the formation of an upward structure. Here, the potential target is 1.3331.
The main trend is the downward cycle from September 20.
Trading recommendations:
Buy: 1.3133 Take profit: 1.3171
Buy: 1.3175 Take profit: 1.3244
Sell: 1.3045 Take profit: 1.2975
Sell: 1.2968 Take profit: 1.2908
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, we continue to follow the upward structure of September 29. Continued upward movement is expected after the breakdown of 0.9786. In this case, the target is 0.9819. 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 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.
The main trend is a local upward structure from September 29.
Trading recommendations:
Buy: 0.9786 Take profit: 0.9819
Buy: 0.9822 Take profit: 0.9840
Sell: 0.9733 Take profit: 0.9705
Sell: 0.9700 Take profit: 0.9675
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. Currently, we expect to reach the level of 0.7720. Near this level is the consolidation of the price. 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 until the level of 0.7872, we expect initial conditions for the upward cycle to form.
The main trend is the downward structure of September 20.
Trading recommendations:
Buy: 0.7770 Take profit: 0.7795
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 continue to monitor the formation of a 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.
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.
The main trend is the formation of a downward structure from September 22.
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, the key levels on the scale of H1 are: 150.55, 149.53, 148.52, 147.31, 146.49, 145.36 and 144.70. Here, we follow the development of the downward cycle from September 21. Short-term downward movement is expected in the range of 147.31 - 146.49. The breakdown of the last 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.
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.
The main trend is the downward structure of September 21.
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