Dear colleagues.
For the EUR / USD pair, we continue to follow the upward cycle from November 21. The level of 1.1942 is the key resistance for the top. For the GBP / USD pair, we continue to wait for the continuation of the upward movement after the breakdown of 1.3330. For the USD / CHF pair, we expanded the potential for the downward movement towards the level of 0.9678. For the USD / JPY pair, the continuation of the movement downwards is expected after the breakdown of 111.10. For the EUR / JPY pair, we follow the formation of the upward potential of November 23. For the GBP / JPY pair, the pronounced downward movement is expected after the breakdown at 147.40. The movement towards the top is considered as a correction.
Forecast for November 27:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2060, 1.2007, 1.1981, 1.1942, 1.1896, 1.1869 and 1.1834. Here, we continue to follow the upward cycle of November 21. Continued upward movement is expected after the breakdown of 1.1942. In this case, the target is 1.1981. In the area of 1.1981 - 1.2007 is the consolidation of the price. The potential value for the top is the level of 1.2060, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.1896-1.1869. The breakdown of the last value will lead to in-depth movement. Here, the target is 1.1834. This level is the key support for the upward structure.
The main trend is the local upward structure of November 21.
Trading recommendations:
Buy: 1.1942 Take profit: 1.1981
Buy: 1.2009 Take profit: 1.2060
Sell: 1.1894 Take profit: 1.1870
Sell: 1.1866 Take profit: 1.1836
For the GBP / USD pair, the key levels on the H1 scale are: 1.3451, 1.3404, 1.3378, 1.3328, 1.3289, 1.3264, 1.3231 and 1.3186. Here, we continue to follow the development of the upward structure of November 3. Continued upward movement is expected after the breakdown of 1.3330. Here, the target is 1.3378. In the area of 1.3378 - 1.3404 is the consolidation of the price. The potential value for the top is the level of 1.3451, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3289 - 1.3264. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3231. This level is the key support for the top. Its breakdown will allow us to count on the movement towards the first target of 1.3186.
The main trend is the upward structure of November 3.
Trading recommendations:
Buy: 1.3330 Take profit: 1.3375
Buy: 1.3406 Take profit: 1.3450
Sell: 1.3289 Take profit: 1.3266
Sell: 1.3262 Take profit: 1.3232
For the USD / CHF pair, the key levels in the scale of H1 are: 0.9915, 0.9880, 0.9849, 0.9832, 0.9802, 0.9759, 0.9735 and 0.9678. Here, we continue to follow the downward structure from November 1 and expanded the potential to the level of 0.9678. Upon reaching this level, we expect a correction. Continued downward movement is expected after the breakdown of 0.9800. In this case, the target is 0.9759. In the area of 0.9759 - 0.9735 is the consolidation of the price.
Short-term upward movement is possible in the area of 0.9832 - 0.9849. The breakdown of the last value will lead to an in-depth movement into the correction. Here, the target is 0.9880. The 0.9915 level is still considered as a potential for the top. Before reaching this level, we expect the initial conditions for an upward cycle to be formed.
The main trend is the downward structure of November 1.
Trading recommendations:
Buy: 0.9832 Take profit: 0.9846
Buy: 0.9850 Take profit: 0.9880
Sell: 0.9800 Take profit: 0.9765
Sell: 0.9755 Take profit: 0.9735
For the USD / JPY pair, the key levels on a scale are: 112.22, 111.98, 111.66, 111.49, 111.10 and 110.75. Here, we continue to follow the downward structure of November 6. The continuation of the downward movement is possible after the breakdown of 111.10. Here, the target is 110.75. From this level, we expect a turn in the movement. In general, the potential of the downward structure is at the level of 110.03.
Short-term upward movement is possible in the area of 111.49 - 111.66. The breakdown of the last value will lead to a deeper movement. Here, the goal is 111.98. Up to the level of 112.22, we expect the capacity for the upward cycle to be formed.
The main trend is a downward structure from November 6, the correction stage.
Trading recommendations:
Buy: 111.50 Take profit: 111.64
Buy: 111.68 Take profit: 111.95
Sell: 111.05 Take profit: 110.75
Sell: 110.70 Take profit: 110.36
For the CAD / USD pair, the key levels on the H1 scale are: 1.2791, 1.2755, 1.2729, 1.2714, 1.2682, 1.2656, 1.2623 and 1.2606. Here, the price forms the potential for the bottom of November 21. Short-term downward movement is possible in the area of 1.2682 - 1.2656. The breakdown of the last value should be accompanied by a pronounced downward movement. The target is 1.2623. In the area of 1.2623 - 1.2606 is the consolidation of the price.
The correction is possible after passing the range of 1.2714 - 1.2729. Here, the target is 1.2755. The breakdown of this level will lead to the formation of the initial conditions for the top. In this case, the potential target is 1.2791.
The main trend is the formation of a downward structure from November 21.
Trading recommendations:
Buy: 1.2730 Take profit: 1.2755
Buy: 1.2757 Take profit: 1.2790
Sell: 1.2680 Take profit: 1.2660
Sell: 1.2654 Take profit: 1.2625
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7717, 0.7692, 0.7660, 0.7629, 0.7587, 0.7564, 0.7529 and 0.7491. Here, the price forms the potential for the top of November 21. Continued development of the upward structure is expected after the breakdown of 0.7630. In this case, the target is 0.7660. Near this level is the consolidation of the price. The breakdown of 0.7660 should be accompanied by a pronounced upward movement. In this case, the target is 0.7692. The potential value for the upward trend so far is the level of 0.7717.
Short-term downward movement is possible in the area of 0.7587 - 0.7564. Hence, the probability of a reversal is high. The breakdown at 0.7564 will lead to a downward trend and the target is 0.7530. The potential value for the bottom is the level of 0.7491.
The main trend is the formation of the upward potential of November 21.
Trading recommendations:
Buy: 0.7630 Take profit: 0.7660
Buy: 0.7662 Take profit: 0.7690
Sell: 0.7586 Take profit: 0.7566
Sell: 0.7562 Take profit: 0.7535
For the of EUR / JPY pair, the key levels on the scale of H1 are: 135.29, 134.75, 134.01, 133.35, 132.47, 131.98 and 131.19. Here, we follow the formation of the upward potential of November 23. Continued upward movement is expected after the breakdown of 133.35. Here, the target is 134.00. Near this level is the consolidation of the price. The breakdown of 134.03 will be accompanied by a pronounced upward movement. Here, the target is 134.75. The potential value for the top is the level of 135.29, upon reaching which we expect a correction.
Short-term downward movement is possible in the area of 132.47 - 131.98. The breakdown of the latter value will lead to the development of a downward structure. Here, the target is 131.19. This level is the key resistance for the subsequent development of a downward trend.
The main trend is the formation of the upward potential of November 23.
Trading recommendations:
Buy: 133.35 Take profit: 134.00
Buy: 134.05 Take profit: 134.75
Sell: 132.45 Take profit: 132.00
Sell: 131.95 Take profit: 131.25
For the GBP / JPY pair, the key levels on the scale of H1 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 follow the development of the downward structure of November 1. In the area of 147.87 - 147.41, we expect a consolidated movement. The breakdown at 147.40 should be accompanied by a pronounced downward movement. Here, the target is 146.61. In the range of 146.61 - 146.18 is the short-term consolidation of the price. The potential value for the bottom is the level of 145.27, upon reaching which we expect a rollback to the top.
The break at the level of 149.34 will lead to the development of the upward structure from November 20. In this case, the target is 149.81. In the area of 149.81 - 150.14 is consolidation of the price. The potential value for the top is level 150.60.
The main trend is the downward structure of November 1.
Trading recommendations:
Buy: 149.35 Take profit: 149.80
Buy: 150.16 Take profit: 150.60
Sell: 147.85 Take profit: 147.45
Sell: 147.38 Take profit: 146.75