Forecast for July 26:
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, 1.1119, 1.1104 and 1.1073. Here, the price is in the correction zone from the downward structure and forms a small potential for the top of July 25. The continuation of the movement to the to is expected after the price passes the noise range 1.1162 - 1.1174. In this case, the goal is 1.1195, wherein price consolidation is near this level.For the potential value for the top, we consider the level of 1.1212.
Short-term downward movement is possible in the range of 1.1119 - 1.1104. The breakdown of the latter value will allow to expect movement towards a potential target - 1.1073. From this level, we expect a rollback to the top.
The main trend is the local downward structure of July 18, the stage of correction.
Trading recommendations:
Buy 1.1175 Take profit: 1.1195
Buy 1.1197 Take profit: 1.1212
Sell: 1.1119 Take profit: 1.1105
Sell: 1.1103 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, 1.2494, 1.2441, 1.2420 and 1.2379. Here, we are following the local ascending structure of July 23. At the moment, the price is close to canceling this structure, for which passing by the range of 1.2441 - 1.2420 is necessary. In this case, the first potential target is 1.2379. The continuation of the movement to the top is expected after the breakdown of the level of 1.2494. Here, the first goal is 1.2528. The breakdown of which will allow us to expect movement to the level of 1.2558, and near this level is the consolidation of the price. 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 the level of 1.2625.
The main trend is the local structure for the top of July 23, the stage of deep correction.
Trading recommendations:
Buy: 1.2494 Take profit: 1.2528
Buy: 1.2530 Take profit: 1.2558
Sell: 1.2441 Take profit: 1.2420
Sell: 1.2420 Take profit: 1.2380
For the dollar / franc pair, the key levels on the H1 scale are: 0.9952, 0.9930, 0.9919, 0.9888, 0.9871 and 0.9850. Here, we are following the development of the ascending structure of July 22. The continuation of the movement to the top is expected after the price passes the noise range 0.9919 - 0.9930. In this case, the potential target is 0.9952. After reaching this level, we expect a rollback to correction and the formation of large initial conditions for the upward movement.
Short-term downward movement is possible in the range of 0.9888 - 0.9871. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.9850. This level is a key support for the upward structure.
The main trend is the ascending structure of July 22.
Trading recommendations:
Buy : 0.9930 Take profit: 0.9950
Buy : Take profit:
Sell: 0.9888 Take profit: 0.9872
Sell: 0.9868 Take profit: 0.9852
For the dollar / yen pair, the key levels on the scale are : 109.48, 109.29, 108.94, 108.74, 108.54, 108.40, 108.16 and 107.92. Here, we are following the development of the ascending structure of July 18. Short-term upward movement is expected in the range of 108.74 - 108.94. The breakdown of the last value should be accompanied by a pronounced upward movement. In this case, the target is 109.29. We consider the level of 109.48 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 108.54 - 108.40. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 108.16. This level is a key support for the upward structure. Its price passage will have to form the initial conditions for the downward cycle. Here, the potential goal is 107.92.
The main trend: the ascending structure of July 18.
Trading recommendations:
Buy: 108.75 Take profit: 108.92
Buy : 108.95 Take profit: 109.29
Sell: 108.54 Take profit: 108.42
Sell: 108.38 Take profit: 108.16
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 continue to monitor the ascending structure of July 19. 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 - 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. After 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 a pair of Australian dollar / US dollar, the key levels on the H1 scale are : 0.6998, 0.6974, 0.6958, 0.6940, 0.6924, 0.6907 and 0.6888. Here, we are following the development of the downward structure of July 18th. Short-term downward movement is expected in the range of 0.6940 - 0.6924. The breakdown of the latter value will lead to the movement to the level of 0.6907. From this level, there is a high probability of a reversal to the correction. For the potential value for the top, we consider the level of 0.6888. However, the movement towards this goal is considered unstable.
Short-term upward movement is possible in the range of 0.6958 - 0.6974. The breakdown of the latter value will lead to a prolonged correction. In this case, the target is 0.6998.
The main trend - the downward structure of July 18.
Trading recommendations:
Buy: 0.6958 Take profit: 0.6972
Buy: 0.6976 Take profit: 0.6996
Sell : 0.6940 Take profit : 0.6925
Sell: 0.6922 Take profit: 0.6907
For the euro / yen pair, the key levels on the H1 scale are: 122.07, 121.62, 121.47, 121.26, 120.92, 120.74 and 120.49. Here, the price forms the initial conditions for the upward movement of July 25. The continuation of the movement to the top is expected after the breakdown of the level of 121.26. In this case, the goal is 121.47. We expect clearance of the expressed structure to the level of 121.62. For the potential value for the top, we consider the level of 122.07. The movement to which is expected after the breakdown of the level of 121.62.
Short-term downward movement is possible in the range of 120.92 - 120.74. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 120.49. This level is a key support for the top.
The main trend is the formation of the initial conditions for the upward cycle of July 25.
Trading recommendations:
Buy: 121.26 Take profit: 121.45
Buy: 121.64 Take profit: 122.05
Sell: 120.92 Take profit: 120.76
Sell: 120.72 Take profit: 120.54
For the pound / yen pair, the key levels on the H1 scale are : 136.69, 136.31, 136.03, 135.63, 135.17, 134.96 and 134.71. Here, we determined more precise targets for the upward trend from the local structure on July 24. The continuation of the movement to the top is expected after the breakdown of the level of 135.63. In this case, the goal is 136.03. A short-term upward movement, as well as consolidation is in the range of 136.03 - 136.31. We consider the level of 136.69 as a potential value for the top. Upon reaching this level, we expect a rollback to the correction.
Short-term downward movement is possible in the range of 135.17 - 134.96. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 134.71. This level is a key support for the upward structure.
The main trend is the local ascending structure of July 24th.
Trading recommendations:
Buy: 135.65 Take profit: 136.03
Buy: 136.06 Take profit: 136.30
Sell: 135.17 Take profit: 134.97
Sell: 134.94 Take profit: 134.72
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