Dear colleagues.
For the EUR / USD pair, the price is in correction from the upward structure of November 7. For the GBP / USD pair, the price entered the equilibrium state. For the USD / CHF pair, the price is in correction from the downward structure of November 1. For the USD / JPY pair, the continuation of the development of the downward cycle from November 6 is expected after the breakdown of 112.55. For the EUR / JPY pair, the level of 132.58 is the key support for the upward structure of November 8. For the GBP / JPY pair, the downward trend from November 1 is expected after the next breakdown at 148.45.
The forecast for November 16:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1893, 1.1858, 1.1840, 1.1812, 1.1754, 1.1728 and 1.1676. Here, the price is in the correction zone from the upward structure of November 7. Continued upward movement is expected after the breakdown of 1.1812. In this case, the target is 1.1840. In the area of 1.1840 - 1.1858 is the consolidation of the price. The potential value for the top is the level of 1.1893, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.1754 - 1.1728. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1676.
The main trend is the upward structure of November 7, the correction stage.
Trading recommendations:
Buy: 1.1812 Take profit: 1.1840
Buy: 1.1860 Take profit: 1.1890
Sell: 1.1754 Take profit: 1.1730
Sell: 1.1725 Take profit: 1.1680
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3214, 1.3141, 1.3094, 1.3017, 1.2988, 1.2937 and 1.2863. Here, the situation is in an equilibrium state. Continued downward movement is expected after the breakdown of 1.3094. In this case, the first target is 1.3017. Passing the price of the noise range of 1.3017 - 1.2988 will lead to a movement towards the level of 1.2937. Near this level, we expect the consolidation of the price. The potential value for the downward movement is the level of 1.2863. The development of the upward movement of November 3 is expected after the breakdown of 1.3214. In this case, the potential target is 1.3338.
The main trend is the equilibrium state.
Trading recommendations:
Buy: Take profit:
Buy: 1.3216 Take profit: 1.3320
Sell: 1.3090 Take profit: 1.3017
Sell: 1.2986 Take profit: 1.2940
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9949, 0.9930, 0.9914, 0.9877, 0.9849, 0.9832 and 0.9802. Here, the price is in the correction area from the downward structure on November 1. Continued downward movement is expected after the breakdown of 0.9877. In this case, the target is 0.9849. In the area of 0.9849 - 0.9832 is the consolidation of the price. The potential value for the bottom is the level of 0.9802, from which we expect a rollback to the top.
Short-term upward movement is possible in the area of 0.9914 - 0.9930. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9949.
The main trend is the downward structure from November 1, the correction stage.
Trading recommendations:
Buy: 0.9914 Take profit: 0.9930
Buy: 0.9932 Take profit: 0.9947
Sell: 0.9875 Take profit: 0.9850
Sell: 0.9830 Take profit: 0.9804
For the USD / JPY, the key levels on a scale are: 113.63, 113.27, 113.04, 112.57, 112.22, 111.98 and 111.49. Here, we continue to follow the downward structure of November 6. Continued downward movement is expected after the breakdown of 112.55. In this case, the target is 112.22. In the area of 112.22 - 111.98 is the consolidation of the price. The potential value for the bottom is the level of 111.50. After reaching this level, we expect a rollback upward.
Short-term upward movement is possible in the area of 113.04 - 113.27. The breakdown of the last value will lead to in-depth correction. Here, the target is 113.60. This level is the key support for the downward trend.
The main trend is the downward structure of November 6.
Trading recommendations:
Buy: 113.06 Take profit: 113.25
Buy: 113.30 Take profit: 113.60
Sell: 112.55 Take profit: 112.36
Sell: 112.20 Take profit: 112.00
For the CAD / USD pair, the key H1 scale levels are: 1.2884, 1.2850, 1.2824, 1.2793, 1.2748, 1.2725 and 1.2700. Here, we follow the upward structure of November 10. Continued upward movement is expected after the breakdown of 1.2793. In this case, the target is 1.2824. In the area of 1.2824 - 1.2850 is a short-term upward movement. The potential value for the top is the level of 1.2884, from which we expect the correction to begin.
Short-term downward movement is possible in the area of 1.2748 - 1.2725. The breakdown of the latter value will lead to in-depth movement. Here, the target is 1.2700. This level is the key support for the top.
The main trend is the upward structure of November 10.
Trading recommendations:
Buy: 1.2795 Take profit: 1.2822
Buy: 1.2826 Take profit: 1.2850
Sell: 1.2748 Take profit: 1.2727
Sell: 1.2723 Take profit: 1.2704
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7660, 0.7638, 0.7616, 0.7568, 0.7545, 0.7510, 0.7491 and 0.7449. Here, we continue to follow the downward structure of November 2. Short-term downward movement is possible in the area of 0.7568 - 0.7545. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 0.7510. In the area of 0.7510 - 0.7491 is the consolidation of the price. The potential value for the bottom is the level of 0.7449, from which we expect a rollback to the top.
Short-term upward movement is possible in the area of 0.7616 - 0.7638. The breakdown of the last value will lead to in-depth movement. Here, the target is 0.7660. This level is the key support for the bottom.
The main trend is the downward structure for the bottom of November 2.
Trading recommendations:
Buy: 0.7616 Take profit: 0.7636
Buy: 0.7638 Take profit: 0.7660
Sell: 0.7566 Take profit: 0.7547
Sell: 0.7543 Take profit: 0.7510
For the EUR / JPY pair, the key levels on the scale of H1 are: 135.07, 134.48, 133.89, 132.99 and 132.58. Here, we follow the upward structure of November 8. At the moment, the price is in correction. Continued upward movement is expected after the breakdown of 133.90. In this case, the target is 134.48. Near this level is the consolidation of the price. The potential value for the upward structure is, for the time being, the level of 135.07. Upon reaching this level, we expect a pullback downwards.
The range of 132.99 - 132.58 is the key support for the top. Passing by this price will lead to the formation of the potential for the downward cycle. In this case, the potential target is 131.83.
The main trend is the upward structure of November 8, the correction stage.
Trading recommendations:
Buy: 133.90 Take profit: 134.45
Buy: 134.50 Take profit: 135.05
Sell: 133.95 Take profit: 132.60
Sell: 132.50 Take profit: 131.90
For the GBP / JPY pair, the key levels on the scale of H1 are: 150.63, 149.85, 148.49, 147.87, 147.41 and 146.18. Here, for the time being, we continue to monitor the formation of a downward structure from November 1. The current price is in correction. Continued downward movement is expected after the breakdown of 148.49. In this case, the target is 147.87. In the area of 147.87 - 147.41 is the consolidation of the price. The breakdown of the level of 147.40 should be accompanied by a pronounced downward movement. Here, the target is 146.18. From this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 149.85 - 150.60. The breakdown of the latter value will lead to the development of an upward trend in the scale of H1. In this case, the potential target is 151.89.
The main trend is the formation of a downward structure from November 1, the stage of the initial conditions.
Trading recommendations:
Buy: 149.90 Take profit: 150.60
Buy: 150.70 Take profit: 151.60
Sell: 148.49 Take profit: 147.95
Sell: 147.40 Take profit: 146.40