The main trend is the formation of the downward structure of March 20.
Trading recommendations:
Buy 1.1318 Take profit: 1.1340
Buy 1.1345 Take profit: 1.1376
Sell: 1.1265 Take profit: 1.1240
Sell: 1.1236 Take profit: 1.1205
Here, the situation is in equilibrium: the downward structure of March 19 and the upward potential of March 21. Short-term upward movement is possible in the corridor 1.3206 - 1.3253. The latter is a key support for the downward structure of March 19. Its breakdown will have to develop the upward cycle. Here, the first target is 1.3311.
Continuation of the movement to the bottom is expected after the breakdown 1.3112. In this case, the first goal is 1.3043. A passage at the price of the noise range 1.3043 - 1.3018 will lead to the development of a downward trend on the H1 scale. Here, the goal is 1.2976, and consolidation is near this level. The breakdown of the level 1.2976 should be accompanied by a pronounced downward movement. In this case, the target is 1.2914. For the potential value for the downward structure, we consider the level of 1.2881, after reaching which, we expect a rollback to the top.
Trading recommendations:
Buy: 1.3208 Take profit: 1.3250
Buy: 1.3255 Take profit: 1.3310
Sell: 1.3112 Take profit: 1.3045
Sell: 1.3016 Take profit: 1.2978
The main trend is the equilibrium situation.
Trading recommendations:
Buy : 0.9943 Take profit: 0.9970
Sell: 0.9902 Take profit: 0.9886
Sell: 0.9883 Take profit: 0.9862
The main trend is the rising structure of March 25.
Trading recommendations:
Buy: 110.75 Take profit: 111.05
Buy: 111.07 Take profit: 111.30
Sell: 110.32 Take profit: 110.16
Sell: 110.14 Take profit: 109.92
For the Canadian dollar/ Dollar pair, the key levels on the H1 scale are: 1.3539, 1.3500, 1.3481, 1.3447, 1.3383 and 1.3348. Here, we are following the development of the ascending structure of March 20. Continuation of the movement to the top is expected after the breakdown of 1.3447. In this case, the goal is 1.3481, in the corridor of the 1.3481 – 1.3500 consolidation. For the potential value of the top, we consider the level 1.3539, upon reaching which, we expect a correction.
Short-term downward movement is possible in the corridor 1.3383-1.3348. The breakdown of the last value will have to form the expressed initial conditions for the downward cycle.
Buy: 1.3447 Take profit: 1.3480
Buy : 1.3500 Take profit: 1.3539
Sell: 1.3381 Take profit: 1.3350
The main trend is the formation of the ascending structure of March 25.
Trading recommendations:
Buy: 0.7155 Take profit: 0.7166
Buy: 0.7170 Take profit: 0.7187
Sell : 0.7119 Take profit : 0.7106
Sell: 0.7102 Take profit: 0.7085
The main trend is the downward structure of March 20, the stage of correction.
Trading recommendations:
Buy: 124.60 Take profit: 125.00
Buy: 125.05 Take profit: 125.55
Sell: 123.80 Take profit: 123.48
Sell: 123.42 Take profit: 123.06
Here, we continue to follow the development of the downward cycle of March 14. Continuation of the movement to the bottom is expected after the breakdown of 144.94. In this case, the first goal is 144.25. Short-term downward movement is possible in the corridor 144.25 - 143.72. The breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the target is 142.84. For the potential value of the bottom, we consider the level of 142.24, after reaching which, we expect a rollback to the top.
Short-term ascending movement is possible in the corridor 145.77 - 146.56. The breakdown of the latter value will lead to the development of the ascending structure. Here, the first goal is 147.25, and up to this level, we expect clearance of expressed initial conditions.
Trading recommendations:
Buy: 145.80 Take profit: 146.55
Buy: 146.65 Take profit: 147.25
Sell: 144.94 Take profit: 144.25
Sell: 143.70 Take profit: 142.86
The material has been provided by InstaForex Company - www.instaforex.com