Outlook on October 27:
Analytical overview of major pairs on the H1 TF:
The key levels for the euro/dollar pair are 1.1952, 1.1929, 1.1894, 1.1867, 1.1818, 1.1798 and 1.1769. The development of the upward cycle from October 15 is still being monitored here. Now, the growth is expected to continue after breaking through the level of 1.1867. In this case, the target is 1.1894. If the target breaks down, it should be accompanied by a strong growth to the level of 1.1929. For the potential value for the top, we consider the level 1.1952. Upon reaching which, a downward pullback can be expected.
A short-term decline is expected in the range of 1.1818 - 1.1798. If the last value will break down, it will lead to a deep correction. Here, the potential target is 1.1769, which is the key support for the top.
The main trend is the upward cycle from October 15
Trading recommendations:
Buy: 1.1868 Take profit: 1.1893
Buy: 1.1895 Take profit: 1.1927
Sell: 1.1818 Take profit: 1.1798
Sell: 1.1796 Take profit: 1.1770
The key levels for the pound/dollar pair are 1.3282, 1.3247, 1.3186, 1.3121, 1.3021, 1.2982 and 1.2915. Here, we are following the development of the upward cycle from October 16. The pair is expected to continue rising after breaking through the level of 1.3121. In this case, the first target is 1.3186. The breakdown of which, in turn, will allow us to rely on a strong growth to the level of 1.3247. In the meantime, we consider the level 1.3282 as a potential value for the growth. We expect consolidation around this level.
A short-term decline is possible in the range of 1.3021 - 1.2982, If the last value breaks down, it will encourage the development of a downward trend. In this case, the potential target is 1.2915.
The main trend is the upward cycle of October 16, deep correction
Trading recommendations:
Buy: 1.3122 Take profit: 1.3184
Buy: 1.3186 Take profit: 1.3245
Sell: 1.3020 Take profit: 1.2984
Sell: 1.2980 Take profit: 1.2925
The key levels for the dollar/franc pair are 0.9126, 0.9098, 0.9075, 0.9033, 0.9013, 0.8982 and 0.8966. The development of the downward cycle from October 19 is being followed here. At the moment, the price is in a correction. On the other hand, a short-term decline is likely in the range of 0.9033 - 0.9013. If the last value breaks down, it will lead to a strong decline. Here, the target is 0.8982. For the potential value for the bottom, we consider the level of 0.8966. Upon reaching which, an upward pullback can be expected.
A short-term growth is possible in the range of 0.9075 - 0.9098. In case of breakdown of the last value, it will encourage the formation of a larger structure for an upward cycle. Here, the potential target is 0.9126.
The main trend is the downward cycle from October 19, the stage of correction
Trading recommendations:
Buy : 0.9077 Take profit: 0.9098
Buy : 0.9100 Take profit: 0.9124
Sell: 0.9032 Take profit: 0.9014
Sell: 0.9011 Take profit: 0.8982
The key levels for the dollar/yen are 105.24, 104.97, 104.81, 104.36, 104.04 and 103.84. Here, the formation of the descending structure from October 20 is being monitored. Currently, the price is in the zone of initial conditions. The decline is expected to continue after breaking through the level of 104.36. In this case, the target is 104.04. We consider the level of 103.84 as a potential value for the bottom for the time being. Upon reaching which, we expect consolidation and upward pullback.
Now, a short-term growth and consolidation is expected in the range 104.81 - 104.97. If the last value breaks down, it will lead to a deep correction. Here, the target is 105.24, which is a key support for the downward structure.
The main trend is the local descending structure from October 20
Trading recommendations:
Buy: 104.98 Take profit: 105.24
Buy : 105.30 Take profit: 105.70
Sell: 104.36 Take profit: 104.05
Sell: 104.03 Take profit: 103.86
The key levels for the USD/CAD pair are 1.3312, 1.3275, 1.3251, 1.3214, 1.3169, 1.3150 and 1.3126. We are following the development of the upward cycle of October 21. Now, the growth of the pair is expected to continue after breaking through the level of 1.3214. In this case, the target is 1.3251. Meanwhile, there is a short-term rise and consolidation in the range of 1.3251 - 1.3275. For the potential value for the top, we consider the level of 1.3312. Upon reaching which, a downward pullback can be expected.
A short-term decline, in turn, is likely in the range of 1.3169 - 1.3150. In case of breakdown of the last value, it will lead to a deep correction. Here, the target is 1.3126, which is the key support for the top.
The main trend is the upward cycle of October 21
Trading recommendations:
Buy: 1.3215 Take profit: 1.3250
Buy : 1.3252 Take profit: 1.3274
Sell: 1.3169 Take profit: 1.3151
Sell: 1.3149 Take profit: 1.3126
The key levels for the AUD/USD pair are 0.7259, 0.7228, 0.7183, 0.7147, 0.7083, 0.7066, 0.7045 and 0.7022. Here, the price forms the strong initial conditions for the upward cycle of October 20. Now, the growth of the pair is expected to continue after breaking through the level of 0.7147. In this case, the target is 0.7183. There is consolidation near this level. If this target breaks down, it should be accompanied by a strong growth. Here, the target is 0.7228. We consider the level 0.7259 as a potential value for the top. Upon reaching which, a downward pullback can be expected.
A short-term decline is expected in the range of 0.7083 - 0.7066. If the last value breaks down, it will lead to a deep correction. Here, the target is 0.7045, which is the key support for the top. Now, the price pasing this level will lead to the development of a downward trend. In this case, the first potential target is 0.7022.
The main trend is the formation of initial conditions for the upward cycle of October 20
Trading recommendations:
Buy: 0.7147 Take profit: 0.7180
Buy: 0.7184 Take profit: 0.7228
Sell : 0.7083 Take profit : 0.7067
Sell: 0.7065 Take profit: 0.7047
The key levels for the euro/yen pair are 124.87, 124.37, 124.00, 123.31, 122.97, 122.72 and 122.30. The price currently entered an equilibrium state. We follow the upward structure from October 15 and downward structure from October 20. Here, a short-term rise is possible in the range 124.00 - 124.37. In case of breakdown of the last value, it will lead to the continuation of an upward trend. In this case, the first potential target is 124.87.
The decline is expected to continue after breaking through the level of 123.31. In this case, the target is 122.97. There is a short-term downward movement, as well as consolidation in the range of 122.97 - 122.72. For the potential value for the bottom, we consider the level of 122.30. Upon reaching which, an upward pullback can be expected.
The main trend is an equilibrium situation
Trading recommendations:
Buy: 124.00 Take profit: 124.34
Buy: 124.40 Take profit: 124.85
Sell: 123.30 Take profit: 123.00
Sell: 122.95 Take profit: 122.72
The key levels for the pound/yen pair are 139.70, 139.04, 138.58, 137.88, 137.36, 137.07, 136.26, 135.88, 135.63 and 135.27. We entered an equilibrium state: an upward structure from October 16 and a downward potential from October 21. In view of this the range 137.07 - 137.36 is the key support for the downward trend from October 21. The price passing this range will lead to the resumption of the upward trend. In this case, the first target is 137.88. Price consolidation is expected around this level. Now, if the first target breaks down, it will lead to a strong growth. The next target is 138.58. There is a short-term growth and consolidation in the range of 138.58 - 139.04. As a potential value for the top, we consider the level of 139.70; upon reaching which, a downward pullback can be expected.
Meanwhile, if the breakdown of the level of 136.26 occurs, it will lead to the cancellation of the upward potential, and in this case, the development of the downward cycle from October 21 can be expected. Here, the target is 135.88. There is a short-term decline and consolidation in the range of 135.88 - 135.63. For the potential value for the bottom, we have the level of 135.27. Upon reaching which, an upward pullback can be expected.
The main trend is an equilibrium situation
Trading recommendations:
Buy: 137.07 Take profit: 137.34
Buy: 137.37 Take profit: 137.80
Sell: 136.25 Take profit: 135.88
Sell: 135.61 Take profit: 135.28
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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