Forecast for June 21:
Analytical review of H1-scale currency pairs:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1404, 1.1370, 1.1353, 1.1328, 1.1309, 1.1281, 1.1263 and 1.1237. Here, we continue to follow the development of the ascending structure of June 18. Short-term movement to the top is expected in the range of 1.1309 - 1.1328. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.1353. Price consolidation is in the range of 1.1353 - 1.1370. For the potential value for the top, we consider the level of 1.1404. After reaching which, we expect a rollback to the bottom.
Short-term downward movement is possible in the range of 1.1281 - 1.1263. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1237. This level is a key support for the top.
The main trend is the ascending structure of June 18.
Trading recommendations:
Buy 1.1310 Take profit: 1.1328
Buy 1.1330 Take profit: 1.1353
Sell: 1.1280 Take profit: 1.1264
Sell: 1.1261 Take profit: 1.1240
For the pound / dollar pair, the key levels on the H1 scale are: 1.2842, 1.2798, 1.2735, 1.2713, 1.2670, 1.2642 and 1.2608. Here, we are following the development of the ascending structure of June 18. The continuation of the movement to the top is expected after the price passes the noise range 1.2713 - 1.2735. In this case, the goal is 1.2798, wherein consolidation is near this level. For the potential value for the top, we consider the level of 1.2842. After reaching which, we expect a rollback to the correction.
Short-term downward movement is expected in the range of 1.2670 - 1.2642. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2608. This level is a key support for the top.
The main trend is the ascending structure from June 18.
Trading recommendations:
Buy: 1.2736 Take profit: 1.2796
Buy: 1.2800 Take profit: 1.2840
Sell: 1.2670 Take profit: 1.2644
Sell: 1.2640 Take profit: 1.2610
For the dollar / franc pair, the key levels on the H1 scale are: 0.9883, 0.9850, 0.9828, 0.9787, 0.9766 and 0.9723. Here, we are following the development of the downward cycle of June 19. Short-term downward movement is possible in the range of 0.9787 - 0.9766. The breakdown of the latter value will lead to movement to the potential target - 0.9723. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the range of 0.9828 - 0.9850. The breakdown of the latter value will lead to the development of a protracted correction. Here, the goal is 0.9883. This level is a key support for the downward structure.
The main trend is the downward cycle of June 19.
Trading recommendations:
Buy : 0.9828 Take profit: 0.9850
Buy : 0.9852 Take profit: 0.9881
Sell: 0.9787 Take profit: 0.9767
Sell: 0.9764 Take profit: 0.9725
For the dollar / yen pair, the key levels on the scale are : 108.12, 107.77, 107.54, 107.08, 106.65 and 106.35. Here, the downward structure of June 17 is considered as a medium-term initial conditions. The continuation of the movement to the bottom is expected after the breakdown of the level 107.08. Here, the goal is 106.65. For the potential value for the bottom, we still consider the level of 106.35. After reaching which, we expect to go into a correction.
Short-term upward movement is possible in the range of 107.54 - 107.77. The breakdown of the latter value will lead to a prolonged correction. Here, the potential target is 108.12. This level is a key support for the downward structure.
The main trend: the downward cycle of June 17.
Trading recommendations:
Buy: 107.55 Take profit: 107.76
Buy : 107.78 Take profit: 108.10
Sell: 107.05 Take profit: 106.65
Sell: 106.62 Take profit: 106.37
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3277, 1.3235, 1.3208, 1.3154, 1.3137, 1.3104 and 1.3069. Here, we are following the development of the downward structure of June 18. The continuation of the movement to the bottom is expected after the price passes the noise range 1.3154 - 1.3137. In this case, the target is 1.3104, wherein consolidation is near this level. For the potential value for the bottom, we consider the level of 1.3069. After reaching which, we expect a rollback to the top.
Short-term upward movement is possible in the range of 1.3208 - 1.3235. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3277. This level is a key support for the downward structure.
The main trend - the downward structure of June 18.
Trading recommendations:
Buy: 1.3208 Take profit: 1.3233
Buy : 1.3237 Take profit: 1.3275
Sell: 1.3137 Take profit: 1.3106
Sell: 1.3102 Take profit: 1.3070
For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.7032, 0.7008, 0.6969, 0.6937, 0.6906, 0.6892 and 0.6867. Here, we are following the development of the ascending structure of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 0.6937. In this case, the goal is 0.6969, and near this level is a price consolidation. The breakdown of the level 0.6970 should be accompanied by a pronounced upward movement. Here, the target is 0.7008. For the potential value for the top, we consider the level of 0.7032. From which, we expect a rollback to the bottom.
Short-term downward movement is possible in the range of 0.6906 - 0.6892. The breakdown of the last value will lead to a prolonged correction. Here, the target is 0.6867. This level is a key support for the top.
The main trend is the upward structure on June 18.
Trading recommendations:
Buy: 0.6940 Take profit: 0.6967
Buy: 0.6972 Take profit: 0.7008
Sell : 0.6906 Take profit : 0.6892
Sell: 0.6890 Take profit: 0.6868
For the euro / yen pair, the key levels on the H1 scale are: 121.98, 121.59, 121.39, 121.14, 121.03, 120.75, 120.54 and 120.13. 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 price passes the noise range 121.14 - 121.03. In this case, the target is 120.75. Price consolidation is in the range of 120.75 - 121.03. For the potential value for the bottom, we consider the level of 120.13. After reaching which, we expect a rollback to the top.
Short-term upward movement is expected in the range of 121.39 - 121.59. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 121.98. 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: 121.39 Take profit: 121.57
Buy: 121.62 Take profit: 121.96
Sell: 121.00 Take profit: 120.77
Sell: 120.73 Take profit: 120.55
For the pound / yen pair, the key levels on the H1 scale are : 138.04, 137.60, 137.30, 136.92, 136.40, 136.18, 135.77 and 135.32. Here, we continue to monitor the formation of the potential for the top of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 136.92. In this case, the goal is 137.30. Short-term upward movement, as well as consolidation is in the range of 137.30 - 137.60. For the potential value for the top, we consider the level of 138.04. The movement to which, we expect after the breakdown of the level of 137.60.
Consolidated movement is possible in the range of 136.40 - 136.18. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 135.77. This level is a key support for the top. Its price passage will count on movement towards the first goal for the downward movement - 135.32.
The main trend - the formation of potential for the top of June 18.
Trading recommendations:
Buy: 136.92 Take profit: 137.30
Buy: 137.32 Take profit: 137.60
Sell: 135.75 Take profit: 135.33
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