Dear colleagues.
For the currency pair Euro / Dollar, the price is in the correction from the rising structure on February 15 and we expect further upward movement after the breakdown of 1.1360. For the currency pair Pound / Dollar, we should continue moving upwards after the breakdown of 1.3075 and the level of 1.2999 is the key support. For the currency pair Dollar / Franc, we are following the development of the downward structure from February 13 and we consider the movement upwards as a correction. For the currency pair of Dollar / Yen, we expect the design of a local structure to continue moving upwards. For the currency pair Euro / Yen, we follow the development of the upward structure from February 15 and we expect further movement after the breakdown of 125.85, and the level of 125.09 is the key support. For the currency pair Pound / Yen, we expect movement to the level of 145.25, and the level 143.20 is the key support.
Forecast for February 22:
Analytical review of H1-scale currency pairs:
For the currency pair Euro / Dollar, the key levels on the H1 scale are: 1.1423, 1.1406, 1.1379, 1.1360, 1.1333, 1.1319, 1.1298, and 1.1287. In here, we continue to follow the development of the ascending structure of February 15. The short-term upward movement is expected in the zone of 1.1360 - 1.1379. The breakdown of the last value should be accompanied by a pronounced upward movement. The target is 1.1406. The potential value for the top is considered at the level of 1.1423, and upon reaching, we expect a rollback to the correction.
The short-term downward movement is possible in the zone of 1.1333 - 1.1319. The breakdown of the latter value will lead to in-depth correction, in which the target is 1.1298. The range 1.1298 - 1.1287 is the key support for the upward structure.
The main trend is the ascending structure of February 15.
Trading recommendations:
Buy 1.1360 Take profit: 1.1377
Buy 1.1380 Take profit: 1.1406
Sell: 1.1333 Take profit: 1.1321
Sell: 1.1317 Take profit: 1.1298
For the currency pair Pound / Dollar, the key levels on the H1 scale are: 1.3219, 1.3153, 1.3119, 1.3075, 1.3026, 1.2999, and 1.2954. In here, we are following the development of the ascending cycle of February 14. An upward movement after the breakdown is expected at 1.3075. In this case, the goal is 1.3119. In the area of 1.3119 - 1.3153, there is a short-term upward movement, as well as a consolidation. The potential value for the top is considered at the level of 1.3219. The movement to which is expected after the breakdown of 1.3155.
The short-term downward movement is expected in the zone of 1.3026 - 1.2999. The breakdown of the last value will lead to a prolonged correction. The target here is 1.2954.
The main trend is the upward cycle of February 14.
Trading recommendations:
Buy: 1.3075 Take profit: 1.3119
Buy: 1.3120 Take profit: 1.3151
Sell: 1.3026 Take profit: 1.3000
Sell: 1.2997 Take profit: 1.2955
For the currency pair Dollar / Franc, the key levels on the H1 scale are: 1.0055, 1.0033, 1.0022, 1.0001, 0.9987, 0.9967, 0.9956, and 0.9931. In here, we continue to monitor the downward structure of February 13. The short-term downward movement is expected in the zone of 1.0001 - 0.9987. The breakdown of the latter value should be accompanied by a pronounced downward movement to the level of 0.9967 and in the zone of 0.9967 - 0.9956 for consolidation. The potential value for the bottom is considered at the level of 0.9931, and upon reaching, we expect a rollback to the top.
The short-term upward movement is expected in the zone of 1.0022 - 1.0033. The breakdown of the last value will lead to a prolonged correction. The target here is 1.0055, in which the level is the key support.
The main trend is the downward cycle of February 13.
Trading recommendations:
Buy: 1.0022 Take profit: 1.0033
Buy: 1.0035 Take profit: 1.0050
Sell: 1.0000 Take profit: 0.9989
Sell: 0.9985 Take profit: 0.9969
For the currency pair Dollar / Yen, the key levels on the scale are: 111.74, 111.32, 111.08, 110.84, 110.42, 110.25, and 109.97. The price here is in deep correction from the rising structure on January 31. The upward movement is expected after breakdown of 110.84. In this case, the first target is 111.08. The short-term upward movement is possible in the zone of 111.08 - 111.32. The breakdown of the latter value will lead to movement to the potential target - 111.74, and upon reaching, we expect a rollback downwards.
The range of 110.42 - 110.25 is the key support for the top and its price passage will have to form a downward structure. In this case, the potential target is 109.97.
The main trend is the rising structure of January 31, a deep correction.
Trading recommendations:
Buy: 110.84 Take profit: 111.08
Buy: 111.10 Take profit: 111.30
Sell: Take profit:
Sell: 110.25 Take profit: 110.00
For the currency pair Canadian dollar / Dollar , the key levels on the H1 scale are: 1.3273, 1.3249, 1.3182, 1.3134, 1.3104, and 1.3065. n here, we are following the downward structure of February 14. A downward movement is expected after the breakdown of 1.3182. In this case, the target is 1.3134. In the zone of 1.3134 - 1.3104, there is a short-term downward movement, as well as a consolidation. The potential value for the bottom is considered at the level of 1.3065, and after reaching, we expect a rollback to the top.
The short-term ascending movement is possible in the zone of 1.3249 - 1.3273, up to the level of 1.3273. We expect a registration of the initial conditions for the ascending cycle.
The main trend is the downward structure of February 14, the stage of correction.
Trading recommendations:
Buy: 1.3249 Take profit: 1.3270
Buy: Take profit:
Sell: 1.3180 Take profit: 1.3136
Sell: 1.3133 Take profit: 1.3110
For the currency pair Australian dollar / Dollar , the key levels on the H1 scale are: 0.7161, 0.7132, 0.7113, 0.7075, 0.7056, 0.7039, 0.6991, and 0.6958. In here, we follow the formation of the initial conditions for the downward movement of February 21. The continuation of the downward movement is expected after the breakdown of 0.7075. In this case, the goal is 0.7056. The price passage of the noise ranges 0.7056 - 0.7039 should be accompanied by a pronounced downward movement. The target here is 0.6991. The potential value for the bottom is considered at the level of 0.6958, and after reaching, we expect a rollback to the top.
The short-term upward movement is possible in the zone of 0.7113 - 0.7132. The breakdown of the latter value will lead to a deep correction. The target here is 0.7161. This level is the key support for the downward structure.
The main trend is the downward structure of February 21.
Trading recommendations:
Buy: 0.7113 Take profit: 0.7130
Buy: 0.7134 Take profit: 0.7160
Sell: 0.7075 Take profit: 0.7056
Sell: 0.7038 Take profit: 0.6995
For the currency pair Euro / Yen, the key levels on the H1 scale are: 126.65, 126.46, 126.08, 125.85, 125.51, 125.34, 125.09, and 124.69. In here, we are following the development of the upward cycle of February 15. At the moment, the price is in the correction. The short-term upward movement is expected in the zone of 125.85 - 126.08. The breakdown of the last value should be accompanied by a pronounced upward movement. The target is 126.46. The potential value for the top is considered at the level of 126.65, and after reaching, we expect a rollback downwards.
The consolidated movement is expected in the zone of 125.51 - 125.34. The breakdown of the last value will lead to a deep correction. The goal here is 125.09. This level is a key support for the top.
The main trend is the rising structure of February 15, the stage of correction.
Trading recommendations:
Buy: 125.85 Take profit: 126.06
Buy: 126.10 Take profit: 126.44
Sell: 125.50 Take profit: 125.35
Sell: 125.33 Take profit: 125.10
For the currency pair Pound / Yen, the key levels on the H1 scale are: 146.44, 145.62, 145.25, 144.13, 143.77, and 143.20. In here, we are following the development of the ascending cycle of February 15. he short-term upward movement is expected in the zone of 145.25 - 145.62. The breakdown of the last value will allow to expect movement towards a potential target - 146.44, and after reaching, we can expect a rollback to correction.
The short-term downward movement is possible in the zone of 144.13 - 143.77. Breaking the last value will lead to an in-depth correction. The target here is 143.20. This level is a key support for the top.
The main trend is the upward cycle of February 15.
Trading recommendations:
Buy: 145.25 Take profit: 145.60
Buy: 145.70 Take profit: 146.40
Sell: 144.13 Take profit: 143.77
Sell: 143.72 Take profit: 143.20
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