Dear colleagues.
For the EUR / USD pair, the continuation of the upward movement is possible after the breakdown of 1.1941. The level of 1.1835 is the key support. For the GBP / USD pair, the price is in correction from the upward structure of November 28. The level of 1.3397 is the key support. For the USD / CHF pair, we follow the formation of the upward structure from December 1. The key resistance is the level of 0.9880. For the USD / JPY pair, we follow the upward structure of November 27. For the EUR / JPY pair, the continuation of the upward movement is expected after the breakdown of 134.05. For the GBP / JPY pair, we follow the upward structure of November 28. The price is still in correction.
Forecast for December 5:
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, 1.2027, 1.1981, 1.1941, 1.1871, 1.1837 and 1.1776. Here, we are still monitoring the local structure for the top of November 30. Continued upward movement is expected after the breakdown of 1.1941. In this case, the target is 1.1981. Near this level is the consolidation of the price. The break at the level of 1.1981 will allow us to count on the movement towards the level of 1.2027. The potential value for the top is the level of 1.2060, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.1871 - 1.1837. The breakdown of the last value will lead to the development of a downward structure. In this case, the target is 1.1776. Up to this level, we expect initial conditions for the downward cycle to be formed.
The main trend is a local structure for the top of November 30.
Trading recommendations:
Buy: 1.1941 Take profit: 1.1980
Buy: 1.1984 Take profit: 1.2025
Sell: 1.1834 Take profit: 1.1780
Sell: Take profit:
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3733, 1.3658, 1.3620, 1.3555, 1.3487, 1.3451 and 1.3397. Here, the price is still in correction from the upward structure on November 28. Continued upward movement is expected after the breakdown of 1.3555. In this case, the target is 1.3620. In the area of 1.3620 - 1.3658 is the consolidation of the price. The potential value for the top is the level of 1.3733, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.3487 - 1.3451. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3397. This level is the key support for the top.
The main trend is a local upward structure from November 28, the correction stage.
Trading recommendations:
Buy: 1.3557 Take profit: 1.3620
Buy: 1.3660 Take profit: 1.3730
Sell: 1.3450 Take profit: 1.3400
Sell: 1.3395 Take profit: 1.3305
For the of USD / CHF, the key levels in the scale of H1 are: 1.0013, 0.9970, 0.9937, 0.9880, 0.9849, 0.9823, 0.9792 and 0.9735. Here, we follow the formation of the upward structure of December 1. Short-term upward movement is expected in the area of 0.9849 - 0.9880. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 0.9937. In the area of 0.9937 - 0.9970 is the consolidation of the price. The potential value for the top is the level of 1.0013, after reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.9832 - 0.9792. The breakdown of the last value will lead to the development of the downward structure. Here, the target is 0.9735.
The main trend is the formation of the upward structure of December 1.
Trading recommendations:
Buy: 0.9850 Take profit: 0.9880
Buy: 0.9882 Take profit: 0.9935
Sell: 0.9820 Take profit: 0.9795
Sell: 0.9790 Take profit: 0.9745
For the USD / JPY pair, the key levels on the scale are: 114.16, 113.49, 113.14, 112.32, 112.00, 111.43 and 110.80. Here, we continue to follow the upward structure of November 27. Short-term upward movement is possible in the area of 113.14 - 113.49. The breakdown of the last value will lead to a movement towards the potential target of 114.16. Near this level, we expect the consolidation of the price.
Short-term downward movement is possible in the area of 112.32 - 112.00. The breakdown of the last value will lead to in-depth movement. Here, the target is 111.43. This level is the key support for the top. Its breakdown will lead to a downward structure. In this case, the target is 110.80.
The main trend is the formation of the upward structure of November 27.
Trading recommendations:
Buy: 113.14 Take profit: 113.47
Buy: 113.52 Take profit: 114.14
Sell: 112.30 Take profit: 112.02
Sell: 111.98 Take profit: 111.50
For the CAD / USD pair, the key levels on the H1 scale are: 1.2821, 1.2767, 1.2737, 1.2668, 1.2627, 1.2543 and 1.2508. Here, we follow the formation of a downward structure from November 30. Short-term downward movement is possible in the area of 1.2668 - 1.2627. The breakdown of the latter value will lead to the development of pronounced downward movement. Here, the target is 1.2543. We still consider the level of 1.2508 as a potential value for the downward movement. After reaching this level, we expect the consolidation and a rollback to the top.
Short-term upward movement is possible in the area of 1.2737 - 1.2767. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2820. This level is the key support for the bottom.
The main trend is the formation of a downward structure from November 30.
Trading recommendations:
Buy: 1.2738 Take profit: 1.2765
Buy: 1.2769 Take profit: 1.2820
Sell: 1.2666 Take profit: 1.2630
Sell: 1.2625 Take profit: 1.2548
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7764, 0.7731, 0.7707, 0.7671, 0.7647, 0.7616, 0.7595 and 0.7548. Here, we follow the upward structure of November 29. Short-term upward movement is expected in the area of 0.7647 - 0.7671. The breakdown of the last value should be accompanied by a pronounced upward movement towards the level of 0.7707. Upon reaching this level, we expect consolidated movement in the area of 0.7707 - 0.7731. The potential value for the top is the level of 0.7764, from which we expect a rollback to correction.
Short-term downward movement is possible in the area of 0.7616 - 0.7595. The breakdown of the latter value will lead to the development of a downward structure. Here, the target is 0.7548.
The main trend is the upward structure of November 29.
Trading recommendations:
Buy: 0.7648 Take profit: 0.7670
Buy: 0.7674 Take profit: 0.7705
Sell: 0.7614 Take profit: 0.7597
Sell: 0.7592 Take profit: 0.7550
For the EUR / JPY pair, the key levels on the scale of H1 are: 136.34, 135.29, 134.75, 134.01, 133.15, 132.47, 131.98 and 131.19. Here, we continue to follow the upward structure of November 23. Continued upward movement is expected after the breakdown of 134.05. The target is 134.75. In the area of 134.75 - 135.29 is the consolidation of the price. The potential value for the top is the level of 136.34. The movement towards this level is expected after the breakdown at 135.30.
We expect correction after 133.15. Here, the target is 132.47. The range of 132.47 - 131.98 is the key support for the top. Passing this price will lead to the development of the downward structure. In this case, the target is 131.20.
The main trend is the formation of the upward structure of November 23.
Trading recommendations:
Buy: 133.35 Take profit: 134.00
Buy: 134.05 Take profit: 134.75
Sell: Take profit:
Sell: 131.95 Take profit: 131.25
For the GBP / JPY pair, the key levels on the scale of H1 are: 153.98, 153.02, 152.49, 151.68, 151.05 and 150.14. Here, we follow the development of the upward structure of November 28. Short-term upward movement is possible in the area of 152.49 - 153.02. The breakdown of the last value will allow to count on the movement towards the potential target of 153.98. From this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 151.68 - 151.05. The breakdown of the last value will lead to in-depth correction. Here, the target is 150.14. This level is the key support for the top.
The main trend is the upward cycle of November 28.
Trading recommendations:
Buy: 153.05 Take profit: 153.95
Buy: Take profit:
Sell: 151.65 Take profit: 151.10
Sell: 151.00 Take profit: 150.20