Forecast for July 25:
Analytical review of H1-scale currency pairs:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1212, 1.1195, 1.1174, 1.1162, 1.1142, 1.1119, 1.1104 and 1.1073. Here, we continue to follow the development of the downward cycle of July 18. At the moment, we expect to move to the level of 1.1119. Price consolidation is in the range of 1.1119 - 1.1104. For the potential value for the bottom, we consider the level of 1.1073. The movement to which, is expected after the breakdown of 1.1104.
Short-term upward movement is possible in the range of 1.1162 - 1.1174. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.1195. We expect the registration of the expressed initial conditions for the ascending cycle to the level of 1.1212.
The main trend is a local downward structure of July 18.
Trading recommendations:
Buy 1.1162 Take profit: 1.1174
Buy 1.1175 Take profit: 1.1195
Sell: 1.1140 Take profit: 1.1120
Sell: 1.1104 Take profit: 1.1075
For the pound / dollar pair, the key levels on the H1 scale are: 1.2662, 1.2623, 1.2598, 1.2558, 1.2528, 1.2468, 1.2441, 1.2420 and 1.2379. Here, the subsequent targets for the top is determined from the local ascending structure on July 23. The continuation of the movement to the top is expected after the breakdown 1.2528. In this case, the goal is 1.2558, and near this level is a price consolidation. The breakdown of the level 1.2558 should be accompanied by a pronounced upward movement. Here, the target is 1.2598. Consolidation is in the range of 1.2598 - 1.2623. For the potential value for the top, we consider the level of 1.2662. The movement to which, is expected after the breakdown of 1.2625.
Corrective movement is possible in the range 1.2468 - 1.2441. The breakdown of the last value will lead to the cancellation of the local structure. Here, the first target is 1.2420. For the potential value for the bottom, we consider the level of 1.2379.
The main trend is the local structure for the top of July 23.
Trading recommendations:
Buy: 1.2528 Take profit: 1.2556
Buy: 1.2560 Take profit: 1.2598
Sell: 1.2468 Take profit: 1.2443
Sell: 1.2420 Take profit: 1.2380
For the dollar / franc pair, the key levels on the H1 scale are: 0.9904, 0.9881, 0.9863, 0.9798, 0.9779, 0.9745 and 0.9731. Here, we follow the formation of the potential for the top of July 22. Short-term upward movement is expected in the range of 0.9863 - 0.9881. The breakdown of the last value will allow to expect movement towards a potential target - 0.9904, where consolidation is near this level.
The level of 0.9825 is a key support for the top. Its price passage will contribute to the development of the downward movement. Here, the goal is 0.9798. Consolidation is in the range of 0.9798 - 0.9779. The breakdown of the level of 0.9779 should be accompanied by a pronounced move to the bottom. Here, the potential target is 0.9745.
The main trend is the local downward structure of July 17, the formation of potential for the top of July 22.
Trading recommendations:
Buy : 0.9863 Take profit: 0.9880
Buy : 0.9882 Take profit: 0.9902
Sell: 0.9825 Take profit: 0.9798
Sell: 0.9796 Take profit: 0.9780
For the dollar / yen pair, the key levels on the scale are : 108.94, 108.72, 108.39, 108.26, 107.97, 107.83 and 107.58. Here, we are following the development of the ascending structure of July 18. The continuation of the movement to the top is expected after the passage by the price of the noise range 108.26 - 108.39. In this case, the goal is 108.72. We consider the level of 108.94 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 107.97 - 107.83. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 107.60. This level is a key support for the upward structure.
The main trend: the ascending structure of July 18.
Trading recommendations:
Buy: 108.40 Take profit: 108.70
Buy : 108.73 Take profit: 108.94
Sell: 107.96 Take profit: 107.84
Sell: 107.81 Take profit: 107.60
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3256, 1.3236, 1.3201, 1.3178, 1.3163, 1.3130, 1.3112 and 1.3085. Here, we are following the ascending structure of July 19th. The continuation of the movement to the top is expected after the passage of the price of the noise range 1.3163 - 1.3178. In this case, the goal is 1.3201, and near this level is a consolidation. The breakdown of the level of 1.3201 will lead to a pronounced movement. Here, the target is 1.3236. For the potential value for the top, we consider the level of 1.3256. Upon reaching which, we expect a rollback to the bottom.
Short-term downward movement is possible in the range of 1.3130 - 1.3112. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3085. This level is a key support for the top.
The main trend is the ascending structure of July 19.
Trading recommendations:
Buy: 1.3178 Take profit: 1.3200
Buy : 1.3203 Take profit: 1.3234
Sell: 1.3130 Take profit: 1.3112
Sell: 1.3110 Take profit: 1.3085
For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.7032, 0.7011, 0.6998, 0.6977, 0.6958, 0.6947 and 0.6924. Here, we follow the development of the downward structure of July 18. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.6977. In this case, the goal is 0.6958. Price consolidation is in the range of 0.6958 - 0.6947. For the potential value for the bottom, we consider the level of 0.6924. After reaching which, we expect a rollback to the top.
Short-term upward movement is possible in the range of 0.6998 - 0.7011. The breakdown of the latter value will lead to a prolonged correction. In this case, the target is 0.7032.
The main trend - the downward structure of July 18.
Trading recommendations:
Buy: 0.6998 Take profit: 0.7010
Buy: 0.7013 Take profit: 0.7030
Sell : 0.6977 Take profit : 0.6958
Sell: 0.6945 Take profit: 0.6926
For the euro / yen pair, the key levels on the H1 scale are: 121.08, 120.81, 120.62, 120.14 and 119.91. Here, we continue to monitor the downward structure of July 10th. The continuation of the movement to the bottom is expected after the breakdown of the level of 120.14. In this case, the potential target is 119.91. From this level, we expect a key turn to the top and the formation of the initial conditions for the upward cycle.
Short-term upward movement is possible in the range of 120.62 - 120.81. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 121.08.
The main trend - the downward structure of July 10.
Trading recommendations:
Buy: 120.62 Take profit: 120.80
Buy: 120.84 Take profit: 121.06
Sell: 120.12 Take profit: 119.94
For the pound / yen pair, the key levels on the H1 scale are : 136.13, 135.77, 135.51, 135.17, 134.82, 134.59, 134.29 and 133.81. Here, the continuation of the development of the ascending structure of July 18 is expected after the breakdown of the level of 135.18. In this case, the target is 135.51. There is a short-term upward movement, as well as consolidation in the range of 135.51 - 135.77. For the potential value for the top, we consider the level of 136.13. After reaching which, we expect consolidation, as well as a rollback to the bottom.
Short-term downward movement is possible in the range of 134.82 - 134.59. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 134.29. This level is a key support for the upward structure.
The main trend - the ascending structure of July 18.
Trading recommendations:
Buy: 135.18 Take profit: 135.50
Buy: 135.53 Take profit: 135.77
Sell: 134.82 Take profit: 134.60
Sell: 134.57 Take profit: 134.30
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