Forecast for November 18:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1125, 1.1108, 1.1081, 1.1060, 1.1038, 1.1022, 1.1004 and 1.0986. Here, the price forms the potential initial conditions for the upward cycle of November 14. The continuation of the movement to the top is expected after the breakdown of the level of 1.1060. In this case, the target is 1.1081. Price consolidation is near this level. The breakdown of the level of 1.1081 should be accompanied by a pronounced upward movement. Here, the goal is 1.1108. For the potential value for the top, we consider the level of 1.1125. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is expected in the range of 1.1038 - 1.1022. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1004. This level is a key support for the upward structure. Its breakdown will allow us to count on movement to the first potential target - 1.0986.
The main trend is building potential for the top of November 14.
Trading recommendations:
Buy: 1.1060 Take profit: 1.1080
Buy: 1.1083 Take profit: 1.1106
Sell: 1.1036 Take profit: 1.1024
Sell: 1.1021 Take profit: 1.1005
For the pound / dollar pair, the key levels on the H1 scale are: 1.3079, 1.3032, 1.2997, 1.2946, 1.2887, 1.2866, 1.2833, 1.2817 and 1.2765. Here, we continue to monitor the development of the upward cycle of November 8. The continuation of the movement to the top is expected after the breakdown of the level of 1.2946. In this case, the target is 1.2997. Short-term upward movement, as well as consolidation is in the range of 1.2997 - 1.3032. For the potential value for the top, we consider the level of 1.3079. Upon reaching which, we expect a pullback to the bottom.
A short-term downward movement is possibly in the range of 1.2887 - 1.2866. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.2833. The range of 1.2833 - 1.2817 is the key support for the upward structure from November 8. Its passage in price will lead to the development of a downward trend. Here, the first target is 1.2765.
The main trend is the upward cycle of November 8.
Trading recommendations:
Buy: 1.2946 Take profit: 1.2995
Buy: 1.2998 Take profit: 1.3030
Sell: 1.2887 Take profit: 1.2867
Sell: 1.2864 Take profit: 1.2838
For the dollar / franc pair, the key levels on the H1 scale are: 0.9930, 0.9913, 0.9900, 0.9881, 0.9863, 0.9853 and 0.9831. Here, we are following the development of the downward cycle of November 8. At the moment, the price is in correction. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9881. In this case, the target is 0.9863. Price consolidation is in the range of 0.9863 - 0.9853. For the potential value for the bottom, we consider the level of 0.9831. The expressed movement to which is expected after the breakdown of the level of 0.9851.
Short-term upward movement is possibly in the range of 0.9900 - 0.9913. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 0.9930. This level is a key support for the downward structure.
The main trend is the downward cycle of November 8, the correction stage
Trading recommendations:
Buy : 0.9900 Take profit: 0.9911
Buy : 0.9914 Take profit: 0.9930
Sell: 0.9880 Take profit: 0.9865
Sell: 0.9852 Take profit: 0.9831
For the dollar / yen pair, the key levels on the scale are : 109.09, 108.91, 108.73, 108.44, 108.27, 108.06 and 107.92. Here, we continue to monitor the development of the downward cycle of November 7. At the moment, the price is in the correction zone from this structure. Short-term downward movement is expected in the range of 108.44 - 108.27. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 108.06. We consider the level of 107.92 to be a potential value for the bottom. Upon reaching this value, we expect consolidation in the range of 108.06 - 107.92, as well as a rollback to correction.
Short-term upward movement, as well as consolidation, are expected in the range of 108.73 - 108.91. We consider the level of 109.09 to be a potential value for the top. We expect the initial conditions for an ascending cycle to be formed to this level.
The main trend: the downward structure of November 7, the correction stage
Trading recommendations:
Buy: 108.73 Take profit: 108.90
Buy : 108.94 Take profit: 109.07
Sell: 108.44 Take profit: 108.29
Sell: 108.25 Take profit: 108.06
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3332, 1.3268, 1.3246, 1.3208, 1.3185 and 1.3156. Here, the price is in the correction zone from the upward trend and has developed the potential for the bottom of November 14. A short-term upward movement, as well as consolidation, is expected in the range of 1.3246 - 1.3268. The breakdown of the latter value will lead to a pronounced movement. Here, the potential target is 1.3332, and upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 1.3208 - 1.3185. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3156. This level is a key support for the upward structure.
The main trend is the formation of potential for the downward movement of November 14.
Trading recommendations:
Buy: 1.3246 Take profit: 1.3266
Buy : 1.3270 Take profit: 1.3332
Sell: 1.3208 Take profit: 1.3187
Sell: 1.3183 Take profit: 1.3156
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6845, 0.6820, 0.6805, 0.6767, 0.6753, 0.6722 and 0.6700. Here, we are following the development of the downward cycle of November 5. At the moment, the price is in correction. Short-term downward movement is expected in the range of 0.6767 - 0.6753. The breakdown of the last value should be accompanied by a pronounced downward movement to the level of 0.6722. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 0.6700. Upon reaching this value, we expect a rollback to the top.
Consolidated movement is expected in the range of 0.6805 - 0.6820. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.6845. This level is the key support for the downward structure from November 5.
The main trend is the downward structure of November 5, the correction stage.
Trading recommendations:
Buy: 0.6805 Take profit: 0.6820
Buy: 0.6823 Take profit: 0.6842
Sell : 0.6767 Take profit : 0.6754
Sell: 0.6751 Take profit: 0.6724
For the euro / yen pair, the key levels on the H1 scale are: 121.40, 121.12, 120.70, 120.35, 120.03, 119.83, 119.51 and 119.25. Here, the price forms a pronounced potential for the upward movement of November 14. The continuation of the movement to the top is expected after the breakdown of the level of 120.35. Here, the goal is 120.70. Price consolidation is near this level. The breakdown of the level of 120.70 should be accompanied by a pronounced upward movement. Here, the goal is 121.12. For the potential value for the top, we consider the level of 121.40. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is expected in the range of 120.03 - 119.83. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 119.51. This level is a key support for the upward structure.
The main trend is the formation of a pronounced potential for the top of November 14.
Trading recommendations:
Buy: 120.35 Take profit: 120.68
Buy: 120.72 Take profit: 121.10
Sell: 120.03 Take profit: 119.83
Sell: 119.80 Take profit: 119.51
For the pound / yen pair, the key levels on the H1 scale are : 141.93, 141.57, 141.27, 140.72, 140.15, 139.79, 139.36 and 138.97. Here, we are following the formation of the ascending structure of November 14. The continuation of the movement to the top is expected after the breakdown of the level of 140.72. In this case, the goal is 141.27. Short-term movement to the top, as well as consolidation is in the range of 141.27 - 141.57. We consider the level of 141.93 to be a potential value for the upward trend; upon reaching this level, we expect a pullback in correction.
Short-term downward movement is possibly in the range 140.15 - 139.79. The breakdown of the latter value will favor the formation of a downward structure. Here, the target is 139.36. For the potential value for the bottom, we consider the level of 138.97, to which the design of the local structure is expected.
The main trend is the formation of potential for the upward cycle of November 14.
Trading recommendations:
Buy: 140.72 Take profit: 141.25
Buy: 141.28 Take profit: 141.55
Sell: 140.15 Take profit: 139.83
Sell: 139.76 Take profit: 139.40
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