Dear colleagues.For the Euro / Dollar currency pair, we expect the upward movement to continue after the breakdown of 1.1370. For the currency pair Pound / Dollar, after the abolition of the formation of potential for the top, it returned to the consideration of the downward cycle of November 7. For the currency pair Dollar / Franc, we are following the formation of the downside potential for the bottom of November 13. For the currency pair Dollar / Yen, the descending structure of November 12 is considered as medium-term initial conditions. For the currency pair Euro / Yen, the price forms the potential for the top of November 13 and the range of 129.00 - 129.17 is the key resistance for the top. For the currency pair Pound / Yen, the price canceled the formation of an upward potential, and here we consider the downward cycle of November 8 as the main trend.Forecast for November 16:Analytical review of H1-scale currency pairs:
For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1469, 1.1430, 1.1403, 1.1367, 1.1328, 1.1309, 1.1283 and 1.1269. Here, we continue to monitor the ascending structure of November 12. The upward movement is expected after the breakdown of 1.1367. In this case, the target is 1.1403 and in the range of 1.1403 - 1.1430, we expect a short-term upward movement, as well as price consolidation. The potential value for the top is considered the level of 1.1469, after reaching which we expect consolidation.The short-term downward movement is possible in the range of 1.1328 - 1.1309 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 1.1283. The range of 1.1283 - 1.1269 is the key support for the top. Its breakdown will lead to the development of a downward structure. In this case, the goal is 1.1241.The main trend is the upward structure of November 12.Trading recommendations:Buy 1.1370 Take profit: 1.1400Buy 1.1405 Take profit: 1.1428Sell: 1.1326 Take profit: 1.1311Sell: 1.1307 Take profit: 1.1285
For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.2966, 1.2928, 1.2878, 1.2843, 1.2729, 1.2691 and 1.2603. Here, after the cancellation of the formation of the upward potential, we continue to follow the development of the downward cycle of November 7. We expect the downward movement to continue after the price passes the range of 1.2729 - 1.2691. In this case, the potential target is 1.2603, upon reaching this level, we expect a rollback to the top.The short-term upward movement is possible in the range of 1.2843 - 1.2878 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.2928. The range of 1.2928 - 1.2966 is the key support for the downward movement. Before it, we expect the initial conditions for the upward cycle to be formed.The main trend is the downward structure of November 7.Trading recommendations:Buy: 1.2845 Take profit: 1.2876Buy: 1.2880 Take profit: 1.2926Sell: 1.2690 Take profit: 1.2610Sell: Take profit:
For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0186, 1.0150, 1.0134, 1.0111, 1.0088, 1.0043, 1.0031, 1.0003, 0.9985 and 0.9959. Here, we continue to follow the formation of the downward structure of November 13. We continue the development of the downward structure after the price passes the range of 1.0043 - 1.0031. In this case, the target is 1.0003 and in the range of 1.0003 - 0.9985 is the short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 0.9959, after reaching which we expect a rollback to the top.The short-term upward movement is possible in the range of 1.0088 - 1.0111 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.0134 and in the range of 1.0134 - 1.0150 is the price consolidation. The potential value for the top is considered the level of 1.0186, upon reaching which we expect a rollback downwards.The main trend is the upward cycle of November 7, the formation of the potential for the bottom of November 13.Trading recommendations:Buy: 1.0088 Take profit: 1.0110Buy: 1.0113 Take profit: 1.0132Sell: 1.0030 Take profit: 1.0005Sell: 1.0001 Take profit: 0.9987
For the Dollar / Yen currency pair, the key levels on the scale are: 113.77, 113.51, 113.35, 113.07, 112.81, 112.64 and 112.21. Here, the price has issued a mid-term downward structure of November 12. The continuation of the downward movement is expected after the breakdown of 113.07. In this case, the goal is 112.81 and in the range of 112.81 - 112.64 is the price consolidation. The potential value for the bottom is considered the level of 112.21, the movement to which we expect after the breakdown of 112.60.The short-term upward movement is possible in the range of 113.35 - 113.51 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 113.77 and this level is the key support.The main trend: the medium-term descending structure of November 12.Trading recommendations:Buy: 113.35 Take profit: 113.50Buy: 113.55 Take profit: 113.75Sell: 113.05 Take profit: 112.85Sell: 112.80 Take profit: 112.66
For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3363, 1.3314, 1.3279, 1.3218, 1.3194, 1.3151, 1.3115 and 1.3074. Here, the price forms the potential for a downward trend in the correction zone from the upward pattern on November 7. We expect a short-term upward movement in the range of 1.3194 - 1.3218 and the breakdown of the last value will resume the upward trend. In this case, the target is 1.3279 and in the range of 1.3279 - 1.3314, we expect a short-term upward movement. The breakdown of the latter value will lead to a movement to the potential target of 1.3363.The continuation of the development of the downward structure of November 14 is expected after the breakdown of 1.3151. In this case, the target is 1.3115 and consolidation is near this level. The potential value for the bottom is considered the level of 1.3074, upon reaching which we expect a rollback to the top.The main trend is a local ascending structure of November 7, the formation of potential for the bottom of November 14.Trading recommendations:Buy: 1.3194 Take profit: 1.3216Buy: 1.3220 Take profit: 1.3275Sell: 1.31548 Take profit: 1.3120Sell: 1.3113 Take profit: 1.3080
For the Australian dollar / dollar currency pair, the key levels on the H1 scale are: 0.7356, 0.7340, 0.7312, 0.7292, 0.7256, 0.7238 and 0.7210. Here, we are following the ascending structure of November 13. The short-term upward movement is possible in the range of 0.7292 - 0.7312 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 0.7340. The potential value for the top is considered to be the level of 0.7356, upon reaching which we expect consolidation, as well as a rollback to the top.The short-term downward movement is possible in the range of 0.7256 - 0.7238 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7210 and this level is the key support for the top.The main trend is the ascending structure of November 13.Trading recommendations:Buy: 0.7292 Take profit: 0.7310Buy: 0.7314 Take profit: 0.7340Sell: 0.7255 Take profit: 0.7240Sell: 0.7235 Take profit: 0.7230
For the Euro / Yen currency pair, the key levels on the H1 scale are: 129.63, 129.17, 129.00, 128.23, 127.98, 127.22, 126.95 and 126.41. Here, we are following the downward cycle of November 8. At the moment, the price is in deep correction and forms the potential for the top. The passage of the range of 129.00 - 129.17 will lead to the cancellation of the downward structure. In this case, the potential target is 129.63.The short-term downward movement is possible in the range of 128.23 - 127.98 and the breakdown of the latter value should be accompanied by a pronounced movement to the level of 127.22. In the range of 127.22 - 126.95 is the short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 126.41.The main trend is the downward cycle of November 8, the stage of deep correction.Trading recommendations:Buy: 129.20 Take profit: 129.60Buy: Take profit:Sell: 128.23 Take profit: 128.00Sell: 127.93 Take profit: 127.30
For the Pound / Yen currency pair, the key levels on the H1 scale are: 147.33, 146.43, 145.79, 144.60, 143.41, 142.51 and 141.28. Here, we are following the November 8 downward cycle. The downward movement is expected after the breakdown of 144.60. In this case, the target is 143.41 and in the range of 143.41 - 142.51 is the short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 141.28, upon reaching which we expect a rollback to the top.The short-term downward movement is possible in the range of 145.79 - 146.43 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 147.33 and this level is the key support for the downward movement.The main trend is the downward structure of November 8.Trading recommendations:Buy: 145.80 Take profit: 146.40Buy: 146.50 Take profit: 147.30Sell: 144.55 Take profit: 143.45Sell: 143.36 Take profit: 142.60
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