Outlook on October 6:
Analytical overview of major pairs on the H1 TF:
The key levels for the euro/dollar pair on the H1 chart are 1.1952, 1.1925, 1.1878, 1.1844, 1.1796, 1.1774, 1.1751 and 1.1710. We are following the development of the main rising pattern from September 25 as well as observing the formation of the local structure from October 2. The growth is expected to continue after the breakdown of 1.1796. In this case, the target is 1.1844. On the other hand, there is a short-term upward movement in the range of 1.1844 - 1.1878 and there is consolidation near the last value. Meanwhile, a breakdown of the level of 1.1880 will lead to the following development of an upward trend. The level of 1.1925 will be the next target. For the potential value for the top, we consider the level of 1.1952. Upon reaching which, we expect consolidation and downward pullback.
A short-term downward movement is possible in the range of 1.1774 - 1.1751. If the last value breaks down, it will lead to a deep correction. Here, the target is 1.1710, which is the key support for the top.
The main trend is the formation of potential for the top from September 25 and local structure from October 2
Trading recommendations:
Buy: 1.1798 Take profit: 1.1844
Buy: 1.1845 Take profit: 1.1876
Sell: 1.1774 Take profit: 1.1752
Sell: 1.1749 Take profit: 1.1710
The key levels for the pound/dollar pair are 1.3250, 1.3170, 1.3107, 1.3016, 1.2939, 1.2882 and 1.2814. Here, we are following the development of the top-bottom structure from September 25. The upward movement is expected to continue after breaking through the level of 1.3016. In this case, the target is 1.3107. There is a short-term downward movement and consolidation in the range of 1.3107 - 1.3170. For the potential value for the top, we consider the level of 1.3250. Upon reaching which, we expect a consolidated movement and downward pullback.
A short-term downward movement is expected in the range of 1.2939 - 1.2882. If the last value breaks down, it will lead to a deep correction. The target is 1.2814, which is the key support for the top.
The main trend is the formation of initial conditions for the top of September 25
Trading recommendations:
Buy: 1.3016 Take profit: 1.3107
Buy: 1.3109 Take profit: 1.3168
Sell: 1.2939 Take profit: 1.2884
Sell: 1.2880 Take profit: 1.2815
The key levels for the dollar/franc pair are 0.9243, 0.9211, 0.9180, 0.9145, 0.9103, 0.9075 and 0.9033. We are following the development of the top-down structure from September 25. Now, the decline is expected to continue after the breakdown of the level of 0.9145. In this case, the target is 0.9103. On the other hand, there is a short-term downward movement in the range of 0.9103 - 0.9075. In turn, price consolidation is near the level of 0.9075. For the potential value for the bottom, we consider the level 0.9033. Upon reaching which, we expect an upward pullback.
A short-term upward movement is expected in the range of 0.9180 - 0.9211. If the last value breaks down, it will lead to a deep correction. Here, the potential target is 0.9243, which is the key support for the bottom.
The main trend is the descending structure from September 25
Trading recommendations:
Buy : 0.9180 Take profit: 0.9210
Buy : 0.9213 Take profit: 0.9240
Sell: 0.9143 Take profit: 0.9105
Sell: 0.9101 Take profit: 0.9077
The key levels for the dollar/yen are 106.45, 106.26, 105.97, 105.84, 105.52, 105.41 and 105.22. An upward structure from October 2 is being formed by the price here. The growth of the pair is expected to continue after the price passes the noise range 105.84 - 105.97. In this case, the target is 106.26. On the other hand, we consider the level of 106.45 as a potential value for the top. Upon reaching which, we expect consolidation.
A short-term downward movement is possible in the range of 105.52 - 105.4. In case of breakdown of the last value, it will lead to a deep correction. Here, the target is 105.22, which is the key support for the top.
The main trend is the upward structure from October 2
Trading recommendations:
Buy: 105.98 Take profit: 106.25
Buy : 106.27 Take profit: 106.45
Sell: 105.40 Take profit: 105.24
Sell: 105.21 Take profit: 105.00
The key levels for the USD/CAD pair: 1.3360, 1.3328, 1.3293, 1.3252, 1.3210, 1.3180 and 1.3135. Here, we are following the development of the downtrend cycle from September 29. Now, the downward movement is expected to continue after breaking through the level of 1.3252. In this case, the target is 1.3210. Meanwhile, there is a short-term downward movement and consolidation in the range of 1.3210 - 1.3180. We consider the level of 1.3135 as a potential value for the downward trend. An upward pullback is expected from this level.
The correction is expected to end after the breakdown of 1.3293. Here, the target is 1.3328. On the other hand, the range 1.3328 - 1.3360 is the key support for the downward structure.
The main trend is the descending structure from September 29
Trading recommendations:
Buy: 1.3295 Take profit: 1.3327
Buy : 1.3330 Take profit: 1.3360
Sell: 1.3250 Take profit: 1.3210
Sell: 1.3208 Take profit: 1.3182
The key levels for the AUD/USD pair are 0.7326, 0.7277, 0.7243, 0.7190, 0.7151, 0.7129 and 0.7092. Here, we are following the upward structure from September 25. Now, the upward movement is expected to continue after the breakdown of 0.7190. In this case, the target is 0.7243. On the other hand, there is a short-term upward movement and consolidation in the range of 0.7243 - 0.7277. As a potential value for the top, we consider the level of 0.7326; upon reaching which, we expect a downward pullback.
A short-term downward movement is expected in the range of 0.7151 - 0.7129. If the last value breaks down, it will lead to a deep correction. Here, the target is 0.7092, which is the key support for the top.
The main trend is the upward structure from September 25
Trading recommendations:
Buy: 0.7192 Take profit: 0.7240
Buy: 0.7244 Take profit: 0.7275
Sell : 0.7151 Take profit : 0.7130
Sell: 0.7127 Take profit: 0.7092
The key levels for the euro/yen pair are 126.17, 125.70, 124.94, 124.68, 124.20, 123.77 and 123.26. The development of the bottom-up structure from September 28 as well as the local structure for clarifying the Oct 2 target is being followed here. The upward movement is expected to continue after the price passes the noise range 124.68 - 124.94. In this case, the target is 125.70. Meanwhile, we consider the level 126.17 as a potential value for the top. Upon reaching which, we expect consolidation and downward pullback.
A short-term downward movement is possible in the range of 124.20 - 123.77. If the last value breaks down, it will lead to a deep correction. Here, the target is 123.26.
The main trend is the upward structure from September 28 and local structure from October 2
Trading recommendations:
Buy: 124.95 Take profit: 125.70
Buy: 125.72 Take profit: 126.15
Sell: 124.20 Take profit: 123.80
Sell: 123.75 Take profit: 123.30
The key levels for the pound/yen pair are 140.44, 139.31, 138.51, 137.32, 136.67, 136.15, 135.39 and 134.67. Here, we are following the upward cycle from Sept.23. The pair is expected to continue rising after breaking through the level of 137.40. In this case, the target is 138.50. On the other hand, there is a short-term upward movement and consolidation in the range of 138.51 - 139.31. As a potential value for the top, we consider the level 140.44. Upon reaching which, we expect a downward pullback.
A short-term downward movement is expected in the range of 136.67 - 136.15. If the last value breaks down, it will lead to a deep correction. Here, the target is 135.40, which is the key support for the top and the price passing this level will lead to the development of a downward structure. In this case, the first potential target is 134.67.
The main trend is the medium-term upward structure of September 23
Trading recommendations:
Buy: 137.40 Take profit: 138.50
Buy: 138.55 Take profit: 139.30
Sell: 136.67 Take profit: 136.15
Sell: 136.12 Take profit: 135.40