Dear colleagues.
For the currency pair Euro / Dollar, the price has issued a local structure for the downward movement of January 23 and the formation of the ascending structure is possible after the breakdown of 1.1350. For the currency pair Pound / Dollar, we are following the upward structure from January 15 and we expect further upward movement after the breakdown of 1.3118. For the currency pair Dollar / Franc, the price is in the correction zone from the rising structure on January 10 and we expect further uptrend after the breakdown of the level of 0.9984. For the currency pair Dollar / Yen, the upward trend continuation is expected after the breakdown of 109.81. For the currency pair Euro / Yen, the upward trend is expected after the breakdown of 125.15. For the currency pair Pound / Yen, the development of a pronounced upward movement is expected after the breakdown of 144.50.
Forecast for January 25:
Analytical review of H1-scale currency pairs:
For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1404, 1.1386, 1.1350, 1.1326, 1.1291, 1.1270 and 1.1238. Here, the price has issued a local structure for the downward movement of January 23. However, we take into account that at the moment, the price is near the limit values for the entire downward trend. The short-term downward movement is possible in the range of 1.1291 - 1.1270, hence a high probability of a reversal upwards. The breakdown of the level of 1.1270 will make it possible to count on the movement towards a potential target of 1.1238.
The short-term upward movement is expected in the range of 1.1326 - 1.1350 and the breakdown of the latter value will have to form the initial conditions for the upward cycle. Here, the goal is 1.1386 and the range of 1.1404 is 1.1386.
The main trend is the downward cycle of January 10, the local structure for the bottom of January 23.
Trading recommendations:
Buy 1.1326 Take profit: 1.1350
Buy 1.1353 Take profit: 1.1386
Sell: 1.1290 Take profit: 1.1272
Sell: 1.1268 Take profit: 1.1240
For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3245, 1.3197, 1.3118, 1.3024, 1.2981, 1.2934 and 1.2900. Here, we are following the local ascending structure of January 15th. An upward movement is expected after the breakdown of 1.3118. In this case, the target is 1.3197 and consolidation is near this level. The potential value for the top is considered the level of 1.3245, upon reaching which we expect a rollback downwards.
The short-term downward movement is possible in the range of 1.3024 - 1.2981 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.2934 and this level is the key support for the upward structure. Its breakdown will have to form the initial conditions for the downward cycle. In this case, the target is 1.2900.
The main trend is the local structure for the top of January 15.
Trading recommendations:
Buy: 1.3118 Take profit: 1.3195
Buy: 1.3198 Take profit: 1.3245
Sell: 1.3022 Take profit: 1.2985
Sell: 1.2978 Take profit: 1.2935
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 upward cycle from January 10. At the moment, the price is in correction. 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, after 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 rising structure of January 10, the stage of correction.
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, the price is in the correction zone from the upward structure on January 10. We continue the upward movement 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, as well as consolidation, are possible in the range of 109.48 - 109.26. The breakdown of the latter 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 1.3424, 1.3405, 1.3371, 1.3332, 1.3314 and 1.3281. Here, we are following the rising structure of January 11th. An upward movement is expected after the breakdown of 1.3371. In this case, the target is 1.3405. The potential value for the top is considered the level of 1.3424, 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 1.3332 - 1.3314 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3281 and this level is the key support for the upward structure.
The main trend is the rising structure of January 11.
Trading recommendations:
Buy: 1.3371 Take profit: 1.3405
Buy: 1.3407 Take profit: 1.3422
Sell: 1.3332 Take profit: 1.3316
Sell: 1.3310 Take profit: 1.3290
For the currency pair Australian dollar / Dollar, the key levels on the H1 scale are 0.7143, 0.7121, 0.7107, 0.7107, 0.7091, 0.7076, 0.7050 and 0.7036. Here, we follow the development of the downward structure of January 17. The consolidated movement is expected in the range of 0.7091 - 0.7076 and the breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 0.7050. The potential value for the bottom is considered to be the level of 0.7036, after reaching which we expect a rollback to the top.
The short-term upward movement is possible in the range of 0.7107 - 0.7121 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.7143 and this level is the key support for the downward structure.
The main trend is the downward structure of January 17.
Trading recommendations:
Buy: 0.7107 Take profit: 0.7120
Buy: 0.7123 Take profit: 0.7141
Sell: 0.7087 Take profit: 0.7076
Sell: 0.7073 Take profit: 0.7050
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, the price is in equilibrium. 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 equilibrium situation.
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 146.68, 145.74, 144.44, 143.91, 142.69, 142.12 and 141.37. Here, we are following the development of the ascending structure of January 15. The short-term upward movement is possible in the range of 143.91 - 144.44 and we expect further uptrend after the breakdown of 144.50. In this case, the target is 145.74 and near this level, there is price consolidation. The potential value for the top is considered the level of 146.68, from which we expect a rollback downwards.
The short-term downward movement is possible in the range of 142.69 - 142.12 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 141.37 and this level is the key support for the top.
The main trend is the local ascending structure of January 15.
Trading recommendations:
Buy: 143.91 Take profit: 144.40
Buy: 144.50 Take profit: 145.70
Sell: 142.69 Take profit: 142.15
Sell: 142.08 Take profit: 141.40
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