Dear colleagues.
For the Euro / Dollar currency pair, we expect the upward movement to continue after the breakdown of 1.1470. For the currency pair Pound / Dollar, the potential for the top of November 15 is still relevant as the initial structure. For the currency pair Dollar / Franc, the maximum value for the downward structure of November 13 is at the level of 0.9885. For the currency pair Dollar / Yen, we expect a further downward movement after the breakdown of 112.35. For the currency pair Euro / Yen, the price is in equilibrium. For the Pound / Yen currency pair, we expect the move to the level of 143.41, and we consider the move to the top as a correction.
Forecast for November 20:
Analytical review of H1-scale currency pairs:
For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1544, 1.1494, 1.1469, 1.1430, 1.1401 and 1.1363. Here, we continue to monitor the ascending structure of November 12. The short-term upward movement is expected in the range of 1.1469 - 1.1494 and the breakdown of the latter value will lead to a movement to the potential target of 1.1544, upon reaching this level, we expect a rollback downwards.
The short-term downward movement is possible in the range of 1.1430 - 1.1401 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.1363 and this level is the key support for the top.
The main trend is the upward structure of November 12.
Trading recommendations:
Buy 1.1470 Take profit: 1.1492
Buy 1.1496 Take profit: 1.1540
Sell: 1.1430 Take profit: 1.1404
Sell: 1.1396 Take profit: 1.1370
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, the price forms a small potential for the top of November 15 in the correction of the downward structure. 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, the formation of potential for the top of November 15.
Trading recommendations:
Buy: 1.2845 Take profit: 1.2876
Buy: 1.2880 Take profit: 1.2926
Sell: 1.2690 Take profit: 1.2610
Sell: Take profit:
For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0013, 0.9985, 0.9959, 0.9943, 0.9923, 0.9909 and 0.9885. Here, we continue to follow the development of the downward structure of November 13. The short-term downward movement is possible in the range of 0.9923 - 0.9909 and the breakdown of the latter value will lead to a movement to the potential target of 0.9885, upon reaching this level, we expect a rollback to the top.
The short-term upward movement is possible in the range of 0.9943 - 0.9959 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 0.9985 and the breakdown of which, in turn, will begin to form the initial conditions for the upward cycle.
The main trend is the downward cycle of November 13.
Trading recommendations:
Buy: 0.9944 Take profit: 0.9957
Buy: 0.9962 Take profit: 0.9982
Sell: 0.9923 Take profit: 0.9910
Sell: 0.9907 Take profit: 0.9887
For the Dollar / Yen currency pair, the key levels on the scale are: 113.33, 113.12, 112, 82, 112.64, 112.37, 112.10, 111.91 and 111.50. Here, we continue to monitor the downward structure of November 12. The downward movement is expected after the breakdown of 112.35. In this case, the goal is 112.10 and in the range of 112.10 - 111.91 is the short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 111.50, after reaching which we expect a rollback to the top.
The short-term upward movement is possible in the range of 112.64 - 112.82 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 113.12 and this level is the key support. Its breakdown will have to form the initial conditions for the upward cycle.
The main trend is the medium-term descending structure of November 12.
Trading recommendations:
Buy: 112.64 Take profit: 112.80
Buy: 112.85 Take profit: 113.10
Sell: 112.33 Take profit: 112.10
Sell: 112.08 Take profit: 111.95
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: 1.3216
Buy: 1.3220 Take profit: 1.3275
Sell: 1.31548 Take profit: 1.3120
Sell: 1.3113 Take profit: 1.3080
For the Australian dollar / Dollar currency pair, the key levels on the H1 scale are: 0.7426, 0.7391, 0.7344, 0.7292, 0.7265 and 0.7238. Here, we are following the ascending structure of November 13. The upward movement is expected after the breakdown of 0.7344. In this case, the goal is 0.7391 and consolidation is near this level. The potential value for the top is considered to be the level of 0.7426, after reaching which we expect a departure to a correction.
The short-term downward movement is possible in the range of 0.7292 - 0.7265 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7238 and this level is the key support for the top.
The main trend is the ascending structure of November 13.
Trading recommendations:
Buy: 0.7346 Take profit: 0.7390
Buy: 0.7393 Take profit: 0.7424
Sell: 0.7290 Take profit: 0.7267
Sell: 0.7263 Take profit: 0.7240
For the Euro / Yen 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, the situation is in equilibrium. 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. The breakdown of the latter value should be accompanied by a pronounced movement to the level of 127.22 and 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 equilibrium state.
Trading recommendations:
Buy: 129.20 Take profit: 129.60
Buy: Take profit:
Sell: 128.23 Take profit: 128.00
Sell: 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: 146.40
Buy: 146.50 Take profit: 147.30
Sell: 144.55 Take profit: 143.45
Sell: 143.36 Take profit: 142.60
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