Forecast for October 24:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1223, 1.1181, 1.1158, 1.1140, 1.1103, 1.1083, 1.1068 and 1.1049. Here, the price forms a pronounced structure for the downward movement of October 21. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.1103. In this case, the target is 1.1083. Price consolidation is in the range of 1.1083 - 1.1068. For the potential value for the bottom, we consider the level of 1.1049. Upon reaching which, we expect a pullback to the top.
Short-term upward movement is expected in the range 1.1140 - 1.1158. The breakdown of the latter value will have the subsequent development of an upward trend. Here, the first goal is 1.1181. For the potential value for the top, we consider the level of 1.1223. The movement to which is expected after the breakdown of the level of 1.1181.
The main trend is the formation of the downward structure of October 21.
Trading recommendations:
Buy: 1.1140 Take profit: 1.1156
Buy: 1.1160 Take profit: 1.1180
Sell: 1.1103 Take profit: 1.1083
Sell: 1.1068 Take profit: 1.1050
For the pound / dollar pair, the key levels on the H1 scale are: 1.3215, 1.3141, 1.3033, 1.2939, 1.2810, 1.2734 and 1.2625. Here, we are following the development of the upward cycle of October 9. The continuation of the movement to the top is expected after the breakdown of the level of 1.3035. Here, the potential target is 1.3141. Price consolidation is in the range of 1.3141 - 1.3215.
Short-term downward movement is expected in the range of 1.2877 - 1.2810. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2715. This level is a key support for the top. Its breakdown will lead to the formation of potential for the downward cycle. Here, the target is 1.2625.
The main trend is the upward structure of October 9.
Trading recommendations:
Buy: 1.3035 Take profit: 1.3140
Buy: 1.3143 Take profit: 1.3215
Sell: 1.2877 Take profit: 1.2813
Sell: 1.2808 Take profit: 1.2717
For the dollar / franc pair, the key levels on the H1 scale are: 0.9963, 0.9943, 0.9929, 0.9909, 0.9887, 0.9871, 0.9853 and 0.9838. Here, the price forms a pronounced potential for the upward movement of October 18. The continuation of the movement to the top is expected after the breakdown of the level of 0.9909. In this case, the target is 0.9929. Price consolidation is in the range of 0.9929 - 0.9943. For the potential value for the top, we consider the level 0.9963. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 0.9877 - 0.9863. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.9850. This level is a key support for the upward structure. Its breakdown will allow you to count on movement to the level of 0.9822.
The main trend is capacity building for the top of October 18.
Trading recommendations:
Buy : 0.9912 Take profit: 0.9929
Buy : 0.9930 Take profit: 0.9943
Sell: 0.9887 Take profit: 0.9872
Sell: 0.9869 Take profit: 0.9855
For the dollar / yen pair, the key levels on the scale are : 109.66, 109.33, 108.90, 108.72, 108.24, 108.02 and 107.67. Here, we are following the development of the upward cycle of October 4. Short-term upward movement is expected in the range 108.72 - 108.90. The breakdown of the latter value will lead to a movement to the level of 109.33. Price consolidation is near this level. For the potential value for the top, we consider the level of 109.66. Upon reaching this level, we expect a consolidated movement, as well as a pullback to the bottom.
Short-term downward movement is expected in the range of 108.24 - 108.02. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 107.67. This level is a key support for the top.
The main trend: the upward cycle of October 4.
Trading recommendations:
Buy: 108.90 Take profit: 109.30
Buy : 109.34 Take profit: 109.65
Sell: 108.24 Take profit: 108.03
Sell: 108.00 Take profit: 107.70
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3160, 1.3128, 1.3101, 1.3073, 1.3036 and 1.2989. Here, we consider the descending structure of October 10 as a medium-term initial condition. The continuation of movement to the bottom is expected after the breakdown of the level of 1.3073. In this case, the target is 1.3036. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 1.2989. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possibly in the range of 1.3101 - 1.3128. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3160. This level is a key support for the downward structure.
The main trend is the downward cycle of October 10.
Trading recommendations:
Buy: 1.3101 Take profit: 1.3126
Buy : 1.3130 Take profit: 1.3160
Sell: 1.3073 Take profit: 1.3038
Sell: 1.3034 Take profit: 1.3000
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6933, 0.6901, 0.6886, 0.6854, 0.6838, 0.6820 and 0.6805. Here, we are following the development of the ascending structure of October 16. Short-term upward movement is expected in the range of 0.6886 - 0.6901. The breakdown of the latter value will lead to the development of pronounced movement to a potential target - 0.6933. From this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 0.6854 - 0.6838. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.6820. The range of 0.6820 - 0.6805 is the key support for the upward structure.
The main trend is the upward structure of October 16.
Trading recommendations:
Buy: 0.6887 Take profit: 0.6900
Buy: 0.6904 Take profit: 0.6930
Sell : 0.6854 Take profit : 0.6840
Sell: 0.6836 Take profit: 0.6820
For the euro / yen pair, the key levels on the H1 scale are: 121.95, 121.79, 121.34, 121.03, 120.61, 120.28, 119.92 and 119.64. Here, we are following the development of the local ascendant structure of October 15. Short-term upward movement is expected in the range 121.03 - 121.34. The breakdown of the level of 121.35 should be accompanied by a pronounced upward movement. Here, the target is 121.79. Price consolidation is in the range of 121.79 - 121.95. From here, we expect a correction.
Short-term downward movement is possibly in the range of 120.61 - 120.28. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 119.92. This level is a key support for the top. Its passage at the price will lead to the formation of initial conditions for the downward cycle. In this case, the first goal - 119.64.
The main trend is the upward structure of October 15.
Trading recommendations:
Buy: 121.05 Take profit: 121.34
Buy: 121.36 Take profit: 121.76
Sell: 120.60 Take profit: 120.33
Sell: 120.25 Take profit: 119.94
For the pound / yen pair, the key levels on the H1 scale are : 142.82, 140.89, 139.53, 138.70, 137.79 and 137.08. Here, we are following the development of the upward cycle of October 8. The continuation of movement to the top is expected after the breakdown of the level of 140.90. In this case, the potential target is 142.82. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is possibly in the range of 139.53 - 138.70. The breakdown of the last value will lead to a long correction. Here, the target is 137.79. The range of 137.79 - 137.08 is the key support for the top.
The main trend is the medium-term upward structure of October 8.
Trading recommendations:
Buy: Take profit:
Buy: 141.25 Take profit: 142.80
Sell: 139.50 Take profit: 138.75
Sell: 138.65 Take profit: 137.80
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