Forecast for June 19:
Analytical review of H1-scale currency pairs:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1268, 1.1246, 1.1231, 1.1194, 1.1181, 1.1153 and 1.1131. Here, we continue to follow the development of the downward cycle of June 12. The continuation of the movement to the bottom is expected after the passage by the price of the noise range 1.1194 - 1.1181. Here, the goal is 1.1153. We consider the level of 1.1131 to be a potential value for the bottom. After reaching which, we expect a consolidation, as well as a rollback to the top.
Short-term upward movement is possible in the range of 1.1231 - 1.1246. The breakdown of the last value will lead to a deep correction. Here, the goal is 1.1268, and up to this level, we expect the initial conditions for the upward cycle.
The main trend is the downward cycle of June 12.
Trading recommendations:
Buy 1.1231 Take profit: 1.1244
Buy 1.1247 Take profit: 1.1266
Sell: 1.1180 Take profit: 1.1155
Sell: 1.1150 Take profit: 1.1132
For the pound / dollar pair, the key levels on the H1 scale are: 1.2626, 1.2605, 1.2568, 1.2538, 1.2497, 1.2471 and 1.2420. Here, we are following the development of the downward cycle of June 7. At the moment, the price is in the correction zone. Short-term movement to the bottom is expected in the range of 1.2497 - 1.2471. The breakdown of the last value will allow us to expect movement towards the potential target - 1.2420. After reaching this level, we expect a rollback to the correction.
Consolidated movement is expected in the range of 1.2538 - 1.2568. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2605. The range of 1.2605 - 1.2626 is a key support for the downward structure. Before it, we expect the initial conditions for the upward cycle.
The main trend is the downward cycle of June 7, the stage of correction.
Trading recommendations:
Buy: Take profit:
Buy: 1.2570 Take profit: 1.2605
Sell: 1.2497 Take profit: 1.2473
Sell: 1.2469 Take profit: 1.2423
For the dollar / franc pair, the key levels on the H1 scale are: 1.0098, 1.0059, 1.0044, 1.0015, 0.9970, 0.9954 and 0.9934. Here, we continue to follow the development of the ascending structure of June 7. The continuation of the movement to the top is expected after the breakdown of the level of 1.0015. Here, the target is 1.0044. Price consolidation is in the range of 1.0044 - 1.0059. We consider the level of 1.0098 to be a potential value for the top. Upon reaching this level, we expect consolidation, as well as a rollback to the bottom.
Short-term downward movement is possible in the range of 0.9970 - 0.9954. The breakdown of the latter value will lead to the development of a prolonged correction. Here, the target is 0.9934. This level is a key support for the top.
The main trend is the upward cycle of June 7.
Trading recommendations:
Buy : 1.0017 Take profit: 1.0044
Buy : 1.0060 Take profit: 1.0098
Sell: 0.9970 Take profit: 0.9955
Sell: 0.9952 Take profit: 0.9936
For the dollar / yen pair, the key levels on the scale are : 109.58, 109.37, 109.01, 108.70, 108.08, 107.76 and 107.35. Here, the situation is in equilibrium. Short-term upward movement is possible in the range of 108.70 - 109.01. The breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 109.37. Price consolidation is in the range of 109.37 - 109.58.
The level of 108.08 is a key support for the upward structure. Its price passage will lead to the development of a downward trend. Here, the first goal is 107.76. For the potential value for the bottom, we consider the level of 107.35.
The main trend: the equilibrium state.
Trading recommendations:
Buy: 108.70 Take profit: 109.00
Buy : 109.03 Take profit: 109.37
Sell: 108.08 Take profit: 107.76
Sell: 107.74 Take profit: 107.37
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3564, 1.3515, 1.3492, 1.3451, 1.3424, 1.3385, 1.3364 and 1.3334. Here, we are following the development of the ascending structure from June 7. At the moment, the price is in correction. Short-term upward movement is expected in the range 1.3424 - 1.3451. The breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 1.3492. Short-term upward movement is in the range 1.3492 - 1.3515, as well as consolidation. We consider the level of 1.3564 as a potential value for the top, to which we expect movement, after the breakdown of the level of 1.3517.
Consolidated movement is possible in the range of 1.3385 - 1.3364. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3334. This level is a key support for the top. Its price passage will have to develop a downward structure. In this case, the potential target is 1.3294.
The main trend is the upward cycle of June 7, the stage of correction.
Trading recommendations:
Buy: 1.3424 Take profit: 1.3450
Buy : 1.3453 Take profit: 1.3490
Sell: 1.3363 Take profit: 1.3335
Sell: 1.3332 Take profit: 1.3296
For the pair Australian dollar / US dollar key levels on the H1 scale are : 0.6919, 0.6900, 0.6885, 0.6849, 0.6830, 0.6808 and 0.6784. Here, the price forms the potential for the top of June 18th. Short-term upward movement is expected in the range of 0.6885 - 0.6900. The breakdown of the last value will begin the development of the ascending structure on the scale of H1. In this case, the potential target is 0.6919.
The continuation of the movement to the bottom is expected after the breakdown of the level of 0.6830. In this case, the goal is 0.6808, wherein consolidation is near this level. For the potential value for the bottom, we consider the level of 0.6784. After reaching which, we expect a rollback to the top.
The main trend is the downward cycle of June 7, the formation of potential for the top of June 18.
Trading recommendations:
Buy: 0.6885 Take profit: 0.6900
Buy: 0.6902 Take profit: 0.6919
Sell : 0.6849 Take profit : 0.6832
Sell: 0.6829 Take profit: 0.6808
For the euro / yen pair, the key levels on the H1 scale are: 122.39, 122.09, 121.91, 121.39, 121.14, 120.75 and 120.54. Here, we continue to follow the development of the downward cycle of June 11. The continuation of the movement to the bottom is expected after the breakdown of 121.39. In this case, the target is 121.14, wherein consolidation is near this level. The breakdown of the level of 121.14 must be accompanied by a pronounced downward movement. Here, the goal is 120.75. For the potential value for the bottom, we consider the level of 120.54. After reaching which, we expect consolidation, as well as a departure to the correction.
Short-term upward movement is expected in the range of 121.91 - 122.09. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 122.39. This level is a key support for the downward structure.
The main trend is the development of the downward structure of June 11.
Trading recommendations:
Buy: 121.91 Take profit: 122.09
Buy: 122.11 Take profit: 122.37
Sell: 121.39 Take profit: 121.18
Sell: 121.12 Take profit: 120.77
For the pound / yen pair, the key levels on the H1 scale are : 136.64, 136.18, 135.74, 135.47, 135.23 and 134.71. Here, we are following the development of the downward structure from June 12. At the moment, the price is in the stage of deep correction and we expect the initial conditions for the top to reach the level of 136.64. The continuation of the movement to the bottom is expected after the breakdown of 135.74. In this case, the first target is 135.47. Short-term downward movement is expected in the range of 135.47 - 135.23. For the potential value for the bottom, we consider the level of 135.47. The movement to which is expected after the breakdown of the level of 135.20.
The main trend is the downward structure of June 12, the stage of deep correction.
Trading recommendations:
Buy: Take profit:
Buy: 136.20 Take profit: 136.64
Sell: 135.74 Take profit: 135.47
Sell: 135.47 Take profit: 135.23
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