Dear colleagues.
For the currency pair Euro / Dollar, we expect further downward movement after passing by the price of the range of 1.1375 - 1.1358 and we consider the upward movement as a correction. For the currency pair Pound / Dollar, the price is in the correctional area of the upward structure on January 15 and we expect a continuation of movement upwards after the breakdown of 1.2945. For the currency pair Dollar / Franc, we should continue the development of the upward cycle from January 10 and after the breakdown of the level of 0.9984, we consider the downward movement as a correction. For the currency pair Dollar / Yen, it is likely to leave the price in the correction zone, for which a break of 109.46 is necessary. For the currency pair Euro / Yen, the upward movement is expected after the breakdown of 125.15 and the level of 123.05 is the key support. For the currency pair Pound / Yen, the price is in the correction and we expect further development of the upward structure from January 15 after the breakdown of 142.00.
Forecast for January 22:
Analytical review of H1-scale currency pairs:
For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1496, 1.1428, 1.1404, 1.1376, 1.1358, 1.1321 and 1.1291. Here, we continue to follow the development of the downward cycle of January 10. We expect the downward movement to continue after the price passes the range of 1.1376 - 1.1358. In this case, the target is 1.1321. The potential value for the bottom is considered the level of 1.1291, upon reaching which we expect a rollback to the top.
The consolidated movement is expected in the range of 1.1404 - 1.1428 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.1469 and this level is the key support for the downward structure.
The main trend is the downward cycle of January 10.
Trading recommendations:
Buy 1.1406 Take profit: 1.1426
Buy 1.1430 Take profit: 1.1466
Sell: 1.1358 Take profit: 1.1324
Sell: 1.1320 Take profit: 1.1294
For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3118, 1.3056, 1.3024, 1.2944, 1.2839, 1.2802, 1.2751 and 1.2661. Here, we are following the local ascending structure of January 15th. An upward movement is expected after the breakdown of 1.2944. In this case, the target is 1.3024 and in the range of 1.3024 - 1.3056 is the price consolidation. The potential value for the top is considered the level of 1.3118, after reaching which we expect a rollback downwards.
The range of 1.2839 - 1.2802 is the key support for the top. Its price passage will lead to an in-depth correction. Here, the target is 1.2751, before this value, we expect the appearance of a pronounced downward structure.
The main trend is the local structure for the top of January 15.
Trading recommendations:
Buy: 1.2945 Take profit: 1.3024
Buy: 1.3057 Take profit: 1.3118
Sell: 1.2839 Take profit: 1.2804
Sell: 1.2800 Take profit: 1.2754
For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0065, 1.0034, 0.9984, 0.9930, 0.9906, 0.9874 and 0.9847. Here, we continue to follow the development of the ascending cycle of January 10. An upward movement is expected after the breakdown of 0.9984. In this case, the target is 1.0034. The potential value for the top is considered the level of 1.0065, upon reaching which we expect consolidation, as well as a rollback to the top.
The short-term downward movement is possible in the range of 0.9930 - 0.9906 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 0.9874 and this level is the key support for the ascending structure. Its breakdown will lead to a movement to the level of 0.9847.
The main trend is the ascending structure of January 10.
Trading recommendations:
Buy: 0.9986 Take profit: 1.0032
Buy: 1.0035 Take profit: 1.0065
Sell: 0.9930 Take profit: 0.9910
Sell: 0.9904 Take profit: 0.9880
For the currency pair Dollar / Yen, the key levels on the scale of H1 are 110.33, 110.07, 109.81, 109.48, 109.26, 108.98 and 108.60. Here, we continue the uptrend after the breakdown of 109.81. In this case, the target is 110.07 and we consider the level of 110.33 as a potential value for the uptrend, upon reaching which we expect consolidation, as well as a downward rollback.
The short-term downward movement is possible in the range of 109.48 - 109.26 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 108.98 and this level is the key support. Its breakdown will have to form the initial conditions for the downward cycle. In this case, the goal is 108.60.
The main trend is the rising structure of January 10, the stage of correction.
Trading recommendations:
Buy: 109.81 Take profit: 110.05
Buy: 110.08 Take profit: 110.30
Sell: 109.46 Take profit: 109.26
Sell: 109.24 Take profit: 109.00
For the currency pair Canadian dollar / Dollar, the key levels on the H1 scale are 1.33.95, 1.3320., 1.3271, 1.3201, 1.3150 and 1.3065. Here, the situation is in equilibrium and in the range of 1.3201 - 1.3150, we expect a short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 1.3065, after reaching which we expect a rollback to the correction.
The short-term upward movement is possible in the range of 1.3271 - 1.3320 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3395 and this level is the key support for the downward structure.
The main trend is the equilibrium state of the structure.
Trading recommendations:
Buy: 1.3271 Take profit: 1.3320
Buy: 1.3330 Take profit: 1.3395
Sell: 1.3201 Take profit: 1.3155
Sell: 1.3145 Take profit: 1.3070
For the currency pair Australian dollar / dollar, the key levels on the H1 scale are 0.7270, 0.7238, 0.7204, 0.7152 and 0.7113 and 0.7059. Here, the short-term downward movement is expected in the range of 0.7152 - 0.7113 and the breakdown of the latter value will lead to a movement to the potential target of 0.7059, near this level is the price consolidation.
The level of 0.7204 is the key support for the downward trend on the H1 scale. Its breakdown will allow us to count on the formation of the initial conditions for the upward cycle. Here, the first target is 0.7238. The potential value for the top is considered the level of 0.7270.
The main trend is the equilibrium situation.
Trading recommendations:
Buy: 0.7204 Take profit: 0.7236
Buy: 0.7240 Take profit: 0.7270
Sell: 0.7148 Take profit: 0.7115
Sell: 0.7110 Take profit: 0.7064
For the currency pair Euro / Yen, the key levels on the H1 scale are 127.22, 126.70, 125.79, 125.15, 123.74 and 123.05. Here, we continue to follow the rising structure of January 3. At the moment, the price is in a deep correction. An upward movement is expected after the breakdown of 125.15. In this case, the target is 125.79 and price consolidation is near this level. The breakdown of 125.80 must be accompanied by a pronounced upward movement. Here, the goal is 126.70. The potential value for the top is considered the level of 127.22, after reaching which we expect a consolidated movement, as well as a rollback to the top.
The short-term downward movement is possible in the range of 123.74 - 123.05 and the breakdown of the latter value will have to form a downward structure. In this case, the potential target is 122.03, up to this level, we expect clearance of the expressed initial conditions for the downward cycle.
The main trend is the ascending structure of January 3, the stage of deep correction.
Trading recommendations:
Buy: 125.15 Take profit: 125.76
Buy: 125.82 Take profit: 126.70
Sell: 123.70 Take profit: 123.10
Sell: 123.05 Take profit: 122.10
For the currency pair Pound / Yen, the key levels on the H1 scale are 145.74, 144.44, 143.91, 142.82, 141.94, 141.04, 140.21 and 139.31. Here, we are following the development of the ascending structure of January 15. The short-term upward movement is possible in the range of 141.94 - 142.82 and we expect further upward movement after the breakdown of 142.82. In this case, the target is 143.91 and in the range of 143.91 - 144.44 is the price consolidation. The potential value for the top is considered the level of 145.74, upon reaching which we expect a rollback downwards.
The short-term downward movement is possible in the range of 141.04 - 140.21 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 139.31 and this level is the key support for the top.
The main trend is the local ascending structure of January 15.
Trading recommendations:
Buy: 142.00 Take profit: 142.80
Buy: 142.84 Take profit: 143.90
Sell: 141.00 Take profit: 140.30
Sell: 140.20 Take profit: 139.40
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