Forecast for November 4:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1251, 1.1212, 1.1198, 1.1181, 1.1140, 1.1123, 1.1096 and 1.1072. Here, the price issued a pronounced medium-term initial conditions for the top of October 29. The continuation of the movement to the top is expected after the breakdown of the level of 1.1181. In this case, the target is 1.1198. Price consolidation is in the range of 1.1198 - 1.1212. For the potential value for the top, we consider the level of 1.1251, expressed movement to which, is expected after the breakdown of the level of 1.1212.
Short-term downward movement is expected in the range 1.1140 - 1.1123. The breakdown of the latter value will lead to an in-depth correction. Here, the goal is 1.1096. This level is a key support for the upward structure.
The main trend is the initial conditions for the top of October 29.
Trading recommendations:
Buy: 1.1181 Take profit: 1.1198
Buy: 1.1212 Take profit: 1.1250
Sell: 1.1140 Take profit: 1.1125
Sell: 1.1120 Take profit: 1.1098
For the pound / dollar pair, the key levels on the H1 scale are: 1.3148, 1.3102, 1.3037, 1.2986, 1.2910, 1.2868 and 1.2804. Here, we are following the initial conditions for the top of October 29. The continuation of the movement to the top is expected after the breakdown of the level of 1.2986. In this case, the target is 1.3037. Price consolidation is near this level. The breakdown of the level of 1.3040 should be accompanied by a pronounced upward movement. Here, the target is 1.3102. For the potential value for the top, we consider the level of 1.3148. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is expected in the range of 1.2910 - 1.2868. Hence, the high probability of a reversal to the top and a breakdown of the level of 1.2868 will lead to the development of a downward trend. In this case, the potential target is 1.2804.
The main trend is the upward structure of October 29
Trading recommendations:
Buy: 1.2986 Take profit: 1.3035
Buy: 1.3040 Take profit: 1.3102
Sell: 1.2910 Take profit: 1.2870
Sell: 1.2865 Take profit: 1.2805
For the dollar / franc pair, the key levels on the H1 scale are: 0.9910, 0.9892, 0.9879, 0.9857, 0.9837, 0.9822 and 0.9798. Here, we are following the development of the descending structure of October 28. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9855. In this case, the target is 0.9837. Short-term downward movement, as well as consolidation is in the range of 0.9837 - 0.9822. For the potential value for the bottom, we consider the level of 0.9798. Upon reaching which, we expect a pullback to the top.
Short-term upward movement is possibly in the range of 0.9879 - 0.9892. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9910. This level is a key support for the downward structure.
The main trend is the descending structure of October 28.
Trading recommendations:
Buy : 0.9879 Take profit: 0.9890
Buy : 0.9893 Take profit: 0.9910
Sell: 0.9855 Take profit: 0.9838
Sell: 0.9835 Take profit: 0.9822
For the dollar / yen pair, the key levels on the scale are : 108.54, 108.32, 108.15, 107.88, 107.62, 107.46 and 107.14. Here, we are following the development of the downward structure of October 30. At the moment, the price is in correction. The continuation of movement to the bottom is expected after the breakdown of the level of 107.88. In this case, the target is 107.62. Price consolidation is in the range of 107.62 - 107.46. For the potential value for the bottom, we consider the level of 107.14. Upon reaching which, we expect a rollback to the top.
Consolidated movement is expected in the range of 108.15 - 108.32. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 108.53. This level is a key support for the downward structure.
The main trend: the downward cycle of October 30.
Trading recommendations:
Buy: 108.15 Take profit: 108.30
Buy : 108.33 Take profit: 108.52
Sell: 107.86 Take profit: 107.62
Sell: 107.46 Take profit: 107.15
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3268, 1.3246, 1.3208, 1.3185, 1.3143, 1.3124 and 1.3101. Here, the price forms the long-term initial conditions for the upward cycle of October 29. Short-term movement to the top is expected in the range of 1.3185 - 1.3208. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.3246. For the potential value for the top, we consider the level of 1.3268. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 1.3143 - 1.3124. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3101. This level is a key support for the upward structure.
The main trend is the formation of initial conditions for the top of October 29.
Trading recommendations:
Buy: 1.3185 Take profit: 1.3206
Buy : 1.3209 Take profit: 1.3246
Sell: 1.3143 Take profit: 1.3126
Sell: 1.3122 Take profit: 1.3101
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6959, 0.6938, 0.6928, 0.6910, 0.6888, 0.6874 and 0.6854. Here, we are following the development of the local upward cycle of October 28. The continuation of the movement to the top is expected after the breakdown of the level of 0.6910. In this case, the target is 0.6928. Price consolidation is in the range of 0.6928 - 0.6938. For the potential value for the top, we consider the level of 0.6959. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 0.6888 - 0.6874. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.6854. This level is a key support for the top.
The main trend is the local structure for the top of October 28.
Trading recommendations:
Buy: 0.6910 Take profit: 0.6928
Buy: 0.6938 Take profit: 0.6959
Sell : 0.6888 Take profit : 0.6875
Sell: 0.6873 Take profit: 0.6855
For the euro / yen pair, the key levels on the H1 scale are: 121.46, 121.17, 121.00, 120.74, 120.22, 119.83, 119.55 and 119.38. Here, we monitor the downward potential of October 30. At the moment, the price is in the correction zone. The continuation of movement to the bottom is expected after the breakdown of the level of 120.22. In this case, the first goal is 119.83, before this value, we expect expressed initial conditions for the downward cycle. The breakdown of the level of 119.80 will lead to the development of the cycle. In this case, the goal is 119.55. Price consolidation is in the range of 119.55 - 119.38.
Consolidated movement is expected in the range of 120.74 - 121.00, The range of 121.00 - 121.17 is the key support for the descending structure of October 30. Its passage at a price will lead to the development of an upward trend. Here, the goal is 121.46.
The main trend is the downward potential of October 30.
Trading recommendations:
Buy: Take profit:
Buy: 121.18 Take profit: 121.44
Sell: 120.20 Take profit: 119.85
Sell: 119.80 Take profit: 119.55
For the pound / yen pair, the key levels on the H1 scale are : 142.82, 141.23, 139.53, 138.70, 137.79 and 137.08. Here, the price is still in the equilibrium. The continuation of movement to the top is expected after the breakdown of the level of 141.23. 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, as well as consolidation, are possible 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, the formation of potential for the downward movement of October 21.
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
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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