Dear colleagues.
On the Euro / Dollar pair, the upward structure of October 31 is expected to develop after the breakdown of 1.1424. The pair Pound / Dollar is expected to increase continuously moving up after the breakdown of 1.3020. The pair Dollar / Franc price is still in the zone of initial conditions for the downward movement of October 31, level 1.0057 key support. On the pair Dollar / Yen, the development of the main trend is expected after the breakdown of 113.46. For the Euro / Yen pair, we expect movement to the level of 129.50, we consider the downward movement as a correction. For the pair Pound / Yen, we have expanded the potential for the upward cycle to the level of 148.40.
Forecast for November 5:
Analytical review of H1-scale currency pairs:
For the Euro / Dollar pair, the key levels are: 1.1538, 1.1508, 1.1463, 1.1424, 1.1389, 1.1371, 1.1344 and 1.1299. Here, the price is 1.1463. Here, the price forms the above potential for October 31. Upward movement is expected after the breakdown of 1.1424, in this case, the target is 1.1463, price consolidation near this level. The breakdown of the level 1.1465 should be accompanied by a pronounced upward movement. Here the target is 1.1508. The potential value for the top is considered in the level of 1.1538, upon reaching the expected consolidation, as well as a rollback to the correction.
The main trend is the formation of the potential for October 31.
Trading recommendations:
Buy 1.1424 Take profit: 1.1460
Buy 1.1465 Take profit: 1.1508
Sell: 1.1370 Take profit: 1.1346
Sell: 1.1342 Take profit: 1.1308
For the Pound / Dollar pair, the key levels on the H1 scale are 1.3233, 1.3154, 1.3090, 1.3019, 1.2974, 1.2932 and 1.2866. Following the ascending structure on October 30, upward movement is expected after breakdown of 1.3019. In this case, the target is 1.3090, which is a consolidation near this level. Its breakdown will lead to movement up to 1.3154. The potential value for the top is considered the level of 1.3233, from which we expect the development of a prolonged correction.
Short-term downward movement is possible in the corridor 1.2974 - 1.2932, the breakdown of the latter value will lead to a prolonged correction, here the target is 1.2866, this level is a key support for the top.
Trading recommendations:
Buy: 1.3020 Take profit: 1.3090
Buy: 1.3093 Take profit: 1.3152
Sell: 1.2974 Take profit: 1.2935
Sell: 1.2930 Take profit: 1.2870
For the Dollar / Frank pair, the key levels on the H1 scale are: 1.0093, 1.0057, 1.0037, 0.9994, 0.9964, 0.9944 and 0.9918. Here, the price forms the potential for downward movement of October 31. Continuation of the downward movement is expected after the breakdown of 0.9994, in this case the target is 0.9964, within the range of 0.9964 - 0.9944 price consolidation. The potential value for the bottom is considered the level of 0.9918, after reaching which we expect a rollback to the top.
Short-term upward movement is possible in the corridor 1.0037 - 1.0057. The breakdown of the latter value will have to form an ascending structure. In this case, the goal is 1.0093.
The main trend - the formation of a downward structure of October 31.
Trading recommendations:
Buy: 1.0037 Take profit: 1.0055
Buy: 1.0063 Take profit: 1.0090
Sell: 0.9994 Take profit: 0.9967
Sell: 0.9962 Take profit: 0.9948
For the Dollar / Yen pair, the key levels on a scale are 114.48, 114.21, 113.77, 113.46, 113.13, 112.44 and 112.13. Following the rising cycle on October 26, upward movement is expected after breakdown of 113.13, which is in this case the first target is 113.46. Short-term upward movement is possible within the range of 113.46 - 113.77. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the goal is 114.21. The potential value for the top is considered the level of 114.48, after reaching which we expect a rollback downwards.
The range 112.44 - 112.13 is a key support for the upward structure, in it we expect a short-term downward movement, as well as a key upward reversal. Breakdown of the level of 112.13 will lead to the formation of the initial conditions for the downward cycle.
The main trend: the ascending cycle of October 26, the stage of correction.
Trading recommendations:
Buy: 113.13 Take profit: 113.44
Buy: 113.48 Take profit: 113.75
Sell: 112.44 Take profit: 112.20
Sell: Take profit:
For the Canadian dollar / Dollar pair, the key levels on the H1 scale are: 1.3269, 1.3222, 1.3191, 1.3168, 1.3089, 1.3060 and 1.3021. Following the local structure on top of October 24, the price is in a protracted correction as of the moment. Upward movement is expected after the price passes the noise range of 1.3168 - 1.3191. In this case, the first target is 1.3222 which is a consolidation near this level. The potential value for the top is considered the level of 1.3269, after reaching which we expect a rollback to the correction.
Short-term downward movement is possible in the corridor 1.3089 - 1.3060, hence a high probability of a reversal upwards, a breakdown of the level 1.3060 will lead to a prolonged correction, here the target is 1.3021.
The main trend is the local structure of October 24, the stage of deep correction.
Trading recommendations:
Buy: 1.3191 Take profit: 1.3220
Buy: 1.3224 Take profit: 1.3269
Sell: 1.3089 Take profit: 1.3062
Sell: 1.3058 Take profit: 1.3024
For the Australian dollar / dollar pair, the key levels on the H1 scale are : 0.7189, 0.7167, 0.7136, 0.7110, 0.7062, 0.7040 and 0.7017. Following the rising structure of October 26, the price is in correction as of the moment. Short-term upward movement is possible within the range of 0.7218 - 0.7237. The breakdown of the latter value will allow an expected movement occurring towards a potential target - 0.7276, upon reaching this level we expect a rollback downwards.
Short-term downward movement is possible within the range of 0.7189 - 0.7167. Breaking the last value will lead to a prolonged correction. Here, the target is 0.7136 which is the key support for the top.
The main trend is that of October 26, the stage of correction.
Trading recommendations:
Buy: 0.7218 Take profit: 0.7235
Buy: 0.7240 Take profit: 0.7274
Sell: 0.7187 Take profit: 0.7170
Sell: 0.7165 Take profit: 0.7143
For the Euro / Yen pair, the key levels on the H1 scale are: 130.55, 129.93, 129.50, 128.58, 128.29 and 127.82. Following the ascending structure of October 26, short-term upward movement is expected within the range of 129.50 - 129.93. The breakdown of the last value will lead towards the movement of the potential target - 130.55, after reaching which we expect a rollback to the correction.
Short-term downward movement is possible within the range of 128.58 - 128.29. The breakdown of the last value will lead to a prolonged correction. The goal is which is 127.82 is a key support for the top.
The main trend is the upward structure of October 26.
Trading recommendations:
Buy: 129.50 Take profit: 129.90
Buy: 130.00 Take profit: 130.50
Sell: 128.55 Take profit: 128.33
Sell: 128.25 Take profit: 127.90
For the Pound / Yen pair, the key levels on the H1 scale are: 148.40, 147.78, 147.29, 146.53, 146.10 and 145.40. Here, we are following the ascending cycle on October 26th. Short-term upward movement is possible within the range of 147.29 - 147.78, the breakdown of the latter value will lead towards the potential target- 148.40, upon reaching this level we expect a rollback downwards.
Short-term downward movement is possible within the range of 146.53 - 146.10, the breakdown of the latter value will lead to a prolonged correction, here the target is 145.40, this level is a key support for the upward structure.
The main trend is the upward cycle of October 26.
Trading recommendations:
Buy: 147.30 Take profit: 147.74
Buy: 147.85 Take profit: 148.40
Sell: 146.50 Take profit: 146.15
Sell: 146.05 Take profit: 145.50