Dear colleagues.
For the pair Euro / Dollar the price is in the correction zone and forms the potential downward movement of November 15. On the Pound / Dollar pair, the continuation of the upward structure development of November 3 is expected after the breakdown of 1.3290. For the pair Dollar / Franc, the price forms the potential for the top of November 15 in the correction of the downward structure. For the pair Dollar / Yen the price is also in correction and forms the potential for the top of November 17. On the Euro / Yen pair we track the formation of the downward structure of November 14. For the Pound / Yen pair, the continuation of the downward movement is expected after the breakdown of 148.36, and there is also a small structure for the top of November 20.
Forecast for November 21:
Analytical review of currency pairs in the H1 scale:
For the EUR / USD pair, key levels on the H1 scale are: 1.1893, 1.1858, 1.1840, 1.1812, 1.1754, 1.1728 and 1.1676. The upward cycle of November 7 continues to be monitored as the price is currently in correction and forms the potential for a downward movement from November 15. The upward movement is expected to continue after the breakdown of 1.1812. In this case, the target is 1.1840, in the corridor of 1.1840 - 1.1858 the consolidation of the price. The potential value for the top is the level of 1.1893, a downward pullback is expected upon reaching this area.
Consolidated traffic is possible in the corridor of 1.1754-1.1728, the breakdown of the last value will lead to an in-depth correction, with the target at 1.1676. In this level, formalized initial conditions for the descending cycle is expected.
The main trend is the upward structure of November 7, the capacity formation for the bottom of November 15.
Trading recommendations:
Buy: 1.1812 Take profit: 1.1840
Buy: 1.1860 Take profit: 1.1890
Sell: Take profit:
Sell: 1.1725 Take profit: 1.1680
For the Pound / Dollar pair, the key levels on the H1 scale are: 1.3378, 1.3327, 1.3289, 1.3264, 1.3212, 1.3186 and 1.3144. The development of the upward structure on November 3 continues to be monitored in the corridor of 1.3289 - 1.3264. A short-term upward movement is expected and a breakdown at 1.3290 will lead to a move towards the 1.3327 level, near the area of projected consolidation. The potential value for the top is the level of 1.3378.
Short-term downward movement is possible in the corridor of 1.3212 - 1.3186, the breakdown of the last value will lead to an in-depth correction, with the target at 1.3144, this level is the key support for the top.
The main trend is the upward structure of November 3.
Trading recommendations:
Buy: 1.3290 Take profit: 1.3325
Buy: 1.3330 Take profit: 1.3375
Sell: 1.3184 Take profit: 1.3150
Sell: 1.3130 Take profit: 1.3100
For the Dollar / Franc pair, the key levels on the H1 scale are: 1.0020, 1.0006, 0.9983, 0.9953, 0.9907, 0.9884, 0.9849, 0.9832 and 0.9802. The downward structure from November 1 continues to be monitored, as the price is currently in correction and forms the potential for the top of November 15. The upward movement is expected to continue after the breakdown of 0.9955. In this case, the target is at 0.9983, near the consolidation level. A break in the 0.9985 level will allow us to depend on the movement towards the potential target at 1.0020, in the corridor of 1.0020 - 1.0006 consolidation.
Short-term downward movement is possible in the corridor of 0.9907 - 0.9884, the breakdown of the last value will lead to the development of a downward trend, with the target at 0.9849, in the corridor of 0.9849 - 0.9832 consolidation. The potential value for the bottom is the level of 0.9802.
The main trend is the downward structure of November 1, the formation of the potential for the top of November 15.
Trading recommendations:
Buy: 0.9955 Take profit: 0.9980
Buy: 0.9985 Take profit: 1.0004
Sell: 0.9905 Take profit: 0.9886
Sell: 0.9882 Take profit: 0.9850
For the pair Dollar / Yen, the key levels on a scale are: 113.32, 113.01, 112.77, 112.43, 112.22, 111.92, 111.66, 111.49 and 111.10. The downward structure from November 6 continues to be monitored, as the price currently forms the potential for the top of November 17. Short-term upward movement is possible in the corridor of 112.77 - 113.01, the breakdown of the last value needs to develop an upward trend. In this case, the potential target is at 113.32, near the consolidation level.
Short-term downward movement is possible in the range of 112.43 - 112.22. Subsequent downward movement is expected after the breakdown of 111.90, with the target at 111.66, in the corridor of 111.66 - 111.49 consolidation. The potential value of the downward movement is the level of 111.10. An exit to correction is expected after reaching this level.
The main trend shows a downward structure from November 6 which is the correction stage.
Trading recommendations:
Buy: 112.77 Take profit: 113.00
Buy: 113.03 Take profit: 113.30
Sell: 112.40 Take profit: 112.24
Sell: 112.18 Take profit: 112.00
For the Canadian Dollar / Dollar pair, the key levels on the H1 scale are: 1.2906, 1.2884, 1.2850, 1.2824, 1.2789, 1.2763 and 1.2721. The upward structure of November 10 continued to be tracked. The upward movement is expected to continue after the breakdown of 1.2824. In this case, the target is 1.2850, in the corridor of 1.2824 - 1.2850 short-term upward movement. The potential value for the top is the level of 1.2884, a consolidated movement in the corridor of 1.2884 - 1.2906 is expected upon reaching this.
Short-term downward movement is possible in the corridor of 1.2789 - 1.2763, the breakdown of the latter value will lead to the development of an extended correction, with the target at 1.2721, this level is the key support for the top.
The main trend is the upward structure of November 10.
Trading recommendations:
Buy: 1.2826 Take profit: 1.2848
Buy: 1.2852 Take profit: 1.2884
Sell: 1.2786 Take profit: 1.2765
Sell: 1.2760 Take profit: 1.2725
For the Australian Dollar / Dollar pair, the key levels on the H1 scale are: 0.7660, 0.7638, 0.7616, 0.7585, 0.7545, 0.7510, 0.7491 and 0.7449. The downward structure of November continues to be monitored. A move to the level of 0.7510, is expected as of this writing, in the corridor of 0.7510 - 0.7491 consolidation. The potential value for the bottom is the level of 0.7449, from which we expect a rollback to the top.
An exit from the correction is possible after the breakdown of 0.7585. In this case, the first target is 0.7616. Short-term upward movement is expected in the corridor of 0.7616 - 0.7638, the breakdown of the last value will lead to a movement towards the target at 0.7660, in which is expected a formalized initial conditions for the upward cycle.
The main trend is the downward structure for the bottom of November 2.
Trading recommendations:
Buy: 0.7585 Take profit: 0.7614
Buy: 0.7618 Take profit: 0.7636
Sell: 0.7543 Take profit: 0.7510
Sell: 0.7490 Take profit: 0.7450
For the Euro / Yen pair, key levels on the H1 scale are: 132.99, 132.39, 131.98, 131.19, 130.47, 129.85 and 129.48. Here we monitor the formation of a downward structure from November 14. The continuation of the downward movement is expected after the breakdown of 131.19, with the target at 130.47. From this level, an exit to the zone of the initial conditions is expected. The potential value for the downward movement is possible after the breakdown of 130.44 while considering the 129.48 level.
The short-term upward movement is expected in the corridor of 131.98 - 132.39, the breakdown of the last value will lead to an in-depth movement, with the target at 132.99 which is the major support level 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 Pound / Yen pair, major levels on the H1 scale 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 track the development of the downward structure from November 1, while the price currently forms the potential for the top of November 20 in the correction. The development of the downward trend is possible to continue after the breakdown of 148.36. In this case, the first target is 147.87. A consolidated movement is expected in the corridor of 147.87 - 147.41, while the breakdown at 147.40 should be accompanied by a significant downward movement, with the target at 146.61 in the range 146.61 - 146.18 short-term price consolidation. Potential value for the bottom considering the level of 145.27 is predicted to have a rollback to the top upon reaching this mark.
Breaking the 149.34 level requires developing the ascending structure from November 20. In this case, the target is at 149.81, in the corridor 149.81 - 150.14 consolidation of the price. Potential value for the top is level 150.60.
The main trend is the downward structure from November 1, which is the correction stage.
Trading recommendations:
Buy: 149.35 Take profit: 149.80
Buy: 150.16 Take profit: 150.60
Sell: 148.34 Take profit: 147.87
Sell: 147.40 Take profit: 146.65
* The presented market analysis is informative and does not constitute a guide to the transaction.