Dear colleagues.
For the Euro / Dollar currency pair, the price is in deep correction from the rising structure and the level of 1.1352 is the key support. For the Pound / Dollar currency pair, there is a high probability that the downward trend will continue to develop, which should occur after the breakdown of 1.2690. For the currency pair Dollar / Franc, the price is in the correction zone from the downward structure. For the currency pair Dollar / Yen, the price forms the potential for the top of November 20. For the Euro / Yen currency pair, we follow the formation of the potential for the upward movement of November 20 and the development of which is expected after the breakdown of 129.17. For the Pound / Yen currency pair, we expect the downward movement after the breakdown of 143.40, and we consider the upward movement as a correction.
Forecast for November 22:
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, 1.1382, 1.1352, 1.1315, 1.1289 and 1.1271. Here, the price is in deep correction from the upward structure on November 12 and forms the potential for the bottom of November 20. The continuation of the downward movement is expected after the breakdown of 1.1352. In this case, the goal is 1.1352. The potential value for the bottom is considered the level of 1.1271, after reaching which we expect consolidation in the range of 1.1271 - 1.1289.
The short-term upward movement is possible in the range of 1.1382 - 1.1403 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.1430 and this level is the key resistance to continue the upward movement. The breakdown will have to move to the potential target of 1.1469.
The main trend is the upward structure of November 12, the stage of deep correction.
Trading recommendations:
Buy 1.1382 Take profit: 1.1402
Buy 1.1405 Take profit: 1.1430
Sell: 1.1350 Take profit: 1.1315
Sell: 1.1312 Take profit: 1.1290
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 is in the correction zone from the downward structure on 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, the stage of correction.
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 from November 13. At the moment, the price is in the correction. 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, the stage of correction.
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: 114.02, 113.82, 113.48, 113.19, 112.82, 112.61, 112.37, 112.10, 111.91 and 111.50. Here, the price forms the potential target from November 20th. The short-term upward movement is expected in the range of 113.19 - 113.48 and the breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 113.82. The potential value for the top is considered the level of 114.02, after reaching which we expect consolidation in the range of 113.82 - 114.02.
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 main trend is the formation of potential for the top of November 20.
Trading recommendations:
Buy: 113.20 Take profit: 113.45
Buy: 113.52 Take profit: 113.80
Sell: 112.80 Take profit: 112.64
Sell: 112.58 Take profit: 112.40
For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3412, 1.3366, 1.3341, 1.3297, 1.3232, 1.3205 and 1.3170. Here, the price is in deep correction from the local ascending structure on November 16. The continuation of the upward movement is expected after the breakdown of 1.3297. In this case, the first target is 1.3341. The short-term uptrend is possible in the range of 1.3341 - 1.3366 and the breakdown of the latter value will lead to the movement to the potential target of 1.3412, upon reaching this level, we expect a rollback downwards.
The short-term downward movement is possible in the range of 1.3232 - 1.3205 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3170 and this level is the key support for the top.
The main trend is the local cycle of November 16, the stage of correction.
Trading recommendations:
Buy: 1.3300 Take profit: 1.3340
Buy: 1.3341 Take profit: 1.3364
Sell: 1.3230 Take profit: 1.3207
Sell: 1.3203 Take profit: 1.3180
For the Australian dollar / dollar currency pair, the key levels on the H1 scale are: 0.7287, 0.7254, 0.7194, 0.7169, 0.7148 and 0.7095. Here, we are following the formation of the potential for the downward cycle of November 16. At the moment, the price is close to the key support of 0.7287. A downward movement is expected after the breakdown of 0.7194. In this case, the target is 0.7169 and in the range of 0.7169 - 0.7148 is the price consolidation. The breakdown of the level of 0.7148 should be accompanied by a pronounced downward movement. Here, the potential target is 0.7095, upon reaching which we expect a rollback to the top.
The breakdown of the level of 0.7290 will lead to the formation of an ascending structure. In this case, the first potential target is 0.7337.
The main trend is the formation of the downward potential of November 16.
Trading recommendations:
Buy: 0.7295 Take profit: 0.7330
Buy: 0.7256 Take profit: 0.7285
Sell: 0.7192 Take profit: 0.7170
Sell: 0.7144 Take profit: 0.7100
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, the price forms the potential for the top of November 20. 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 formation of potential for the upward movement of November 20.
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: 146.65, 145.71, 145.00, 143.41, 142.51 and 141.28. Here, we are following the November 8 downward cycle. In the range of 143.41 - 142.51, we expect a 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 upward movement is possible in the range of 145.00 - 145.71 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 146.65 and this level is the key support for the downward movement.
The main trend is the downward structure of November 8.
Trading recommendations:
Buy: 145.00 Take profit: 145.66
Buy: 145.74 Take profit: 145.65
Sell: 143.40 Take profit: 142.60
Sell: 142.45 Take profit: 141.35
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