Dear colleagues.
For the currency pair Euro / Dollar, we are following the development of the downward cycle of November 7. For the Pound / Dollar currency pair, we are following the development of the downward structure from November 7 and we expect the continuation of the downward movement after the breakdown of 1.2910. For the currency pair Dollar / Franc, we are following the formation of the upward potential of November 7. For the currency pair Dollar / Yen, we are following the development of the upward trend from October 26 and we expect a further uptrend after the breakdown of 114.21. For the Euro / Yen currency pair, we follow the formation of the downward structure of November 8 and the level of 129.72 is the key support. For the Pound / Yen currency pair, we are following the formation of the downward structure of November 8 and we expect a further downward movement after the breakdown of 147.15.
Forecast for November 12:
Analytical review of H1-scale currency pairs:
For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1447, 1.1396, 1.1365, 1.1347, 1.1299, 1.1268 and 1.1241. Here, we are following the downward structure of November 7th. The continuation of the downward movement is expected after the breakdown of 1.1299. In this case, the goal is 1.1268. The potential value for the bottom is considered the level of 1.1241, upon reaching which we expect a rollback to the top.
The short-term uptrend is possible in the range of 1.1347 - 1.1365 and the breakdown of the last value will lead to an in-depth correction. Here, the goal is 1.1396 and this level is the key support for the downward structure. The breakdown will have to form the initial conditions for the upward cycle.
The main trend is the downward cycle of November 7.
Trading recommendations:
Buy 1.1347 Take profit: 1.1363
Buy 1.1366 Take profit: 1.1394
Sell: 1.1299 Take profit: 1.1270
Sell: 1.1266 Take profit: 1.1244
For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.3042, 1.2997, 1.2967, 1.2946, 1.2911, 1.2866, 1.2836 and 1.2776. Here, we are following the development of the downward structure of November 7. A downward movement is expected after the breakdown of 1.2911. In this case, the target is 1.2866 and in the range of 1.2866 - 1.2836 is the short-term downward movement, as well as the consolidation. The breakdown of the level of 1.2834 will lead to the development of a pronounced movement. In this case, the potential target is 1.2776, upon reaching which we expect a rollback to the top.
The short-term uptrend is possible in the range of 1.2946 - 1.2967 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2997 and this level is the key support for the downward structure. Its breakdown will have to form the initial conditions for the upward cycle.
The main trend is the downward structure of November 7.
Trading recommendations:
Buy: 1.2946 Take profit: 1.2965
Buy: 1.2969 Take profit: 1.2996
Sell: 1.2910 Take profit: 1.2868
Sell: 1.2864 Take profit: 1.2838
For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0150, 1.0134, 1.0105, 1.0087, 1.0076, 1.0045, 1.0028 and 0.9999. Here, we are following the rising structure of November 7th. The movement upwards is expected after the price passes the range of 1.0076 - 1.0087. In this case, the target is 1.0105 and consolidation is near this level. The breakdown of the level of 1.0105 should be accompanied by a pronounced upward movement. Here, the goal is 1.0134. The potential value for the top is considered the level of 1.0150, upon reaching which we expect a rollback downwards.
The short-term downward movement is possible in the range of 1.0045 - 1.0028 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.9999.
The main trend is the initial structure for the top of November 7.
Trading recommendations:
Buy: 1.0087 Take profit: 1.0105
Buy: 1.0108 Take profit: 1.0134
Sell: 1.0045 Take profit: 1.0030
Sell: 1.0026 Take profit: 1.0000
For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 115.01, 114.48, 114.21, 113.77, 113.46 and 112.99. Here, we are following the development of the ascending cycle of October 26. The short-term upward movement is expected in the range of 114.21 - 114.48 and the breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the potential target is 115.01, after reaching which we expect a downward rollback.
The short-term downward movement is possible in the range of 113.77 - 113.46 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 112.99, up to this level, we expect the initial conditions for the downward cycle.
The main trend: the ascending cycle of October 26.
Trading recommendations:
Buy: 114.21 Take profit: 114.46
Buy: 114.50 Take profit: 115.00
Sell: 113.75 Take profit: 113.50
Sell: 113.44 Take profit: 113.15
For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3314, 1.3279, 1.3231, 1.3171, 1.3151 and 1.3120. Here, we determined the subsequent targets for the upward movement from the local structure on November 7. The continuation of the upward movement is expected after the breakdown of 1.3231. In this case, the goal is 1.3279 and near this level is the price consolidation. For now, the potential value for the top is considered the level of 1.3314, upon reaching which we expect a rollback downwards.
The short-term downward movement is possible in the range of 1.3171 - 1.3151, hence a high probability of a reversal upwards. The breakdown of the level of 1.3150 will lead to a prolonged correction. In this case, the target is 1.3120.
The main trend is the local rising structure of November 7.
Trading recommendations:
Buy: 1.3231 Take profit: 1.3276
Buy: 1.3282 Take profit: 1.3112
Sell: 1.3170 Take profit: 1.3153
Sell: 1.3148 Take profit: 1.3122
For the Australian dollar / Dollar currency pair, the key levels on the H1 scale are: 0.7268, 0.7250, 0.7234, 0.7206, 0.7189, 0.7168, 0.7157 and 0.7131. Here, we follow the formation of the downward structure of November 8. The short-term downward movement is possible in the range of 0.7206 - 0.7189 and the breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the target is 0.7168 and in the range of 0.7168 - 0.7157 is the price consolidation. The potential value for the bottom is considered the level of 0.7131, upon reaching which we expect a rollback to the top.
The short-term upward movement is possible in the range of 0.7234 - 0.7250 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7268 and this level is the key support for the downward structure.
The main trend is the formation of the downward structure of November 8.
Trading recommendations:
Buy: 0.7234 Take profit: 0.7250
Buy: 0.7252 Take profit: 0.7266
Sell: 0.7206 Take profit: 0.7190
Sell: 0.7188 Take profit: 0.7168
For the Euro / Yen currency pair, the key levels on the H1 scale are: 129.72, 129.45, 129.19, 128.64, 128.42, 127.97, 127.67 and 127.22. Here, the price forms the potential for the downward movement of 8 November. We expect the downward movement to continue after the price passes the range of 128.64 - 128.42. In this case, the goal is 127.97 and in the range of 127.97 - 127.67 is the price consolidation. The potential value for the top is considered the level of 127.22, after reaching which we expect a rollback to the top.
The short-term upward movement is possible in the range of 129.19 - 129.45 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 129.72 and this level is the key support for the top.
The main trend is the formation of the downward structure of November 8.
Trading recommendations:
Buy: 129.20 Take profit: 129.45
Buy: 129.47 Take profit: 129.70
Sell: 128.40 Take profit: 128.00
Sell: 127.95 Take profit: 127.70
For the Pound / Yen currency pair, the key levels on the H1 scale are: 148.46, 147.99, 147.69, 147.18, 146.58, 146.16 and 145.56. Here, we follow the formation of the downward structure of November 8. The downward movement is expected after the breakdown of 147.18. In this case, the target is 146.58 and in the range of 146.58 - 146.16 is the price consolidation. The potential value for the bottom is considered the level of 145.56, after reaching which we expect a rollback to the top.
The short-term upward movement is possible in the range of 147.69 - 147.99 and the breakdown of the latter value will lead to a deep correction. Here, the goal is 148.46 and this level is the key support for the downward structure.
The main trend is the downward potential from November 8.
Trading recommendations:
Buy: 147.70 Take profit: 147.95
Buy: 148.05 Take profit: 148.44
Sell: 147.15 Take profit: 146.60
Sell: 146.53 Take profit: 146.20
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