Forecast for July 30:
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 on July 18. The continuation of the movement to the top is expected after the price passes the noise range 1.1162 - 1.1174. In this case, the goal is 1.1195, where 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 us 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: 1.2311, 1.2265, 1.2240, 1.2204 and 1.2172. Here, we continue to follow the downward cycle of July 19th. Short-term downward movement is expected in the range of 1.2204 - 1.2172. Hence, we expect a key reversal to the correction area.
Short-term upward movement is possible in the range of 1.2240 - 1.2265. The breakdown of the last value will lead to a deep correction. Here, the target is 1.2311. This level is a key support for the downward structure.
The main trend is the downward cycle of July 19.
Trading recommendations:
Buy: 1.2240 Take profit: 1.2263
Buy: 1.2266 Take profit: 1.2310
Sell: 1.2202 Take profit: 1.2174
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. At the moment, the price is in correction. Short-term upward movement is possible in the range of 0.9941 - 0.9952. The breakdown of the latter value will lead to movement to the potential target - 0.9970. From this level, we expect a rollback to the bottom.
Consolidated movement is possible in the range of 0.9919 - 0.9908. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.9888. This level is a key support for the upward structure.
The main trend is the ascending structure of July 22, the stage of correction.
Trading recommendations:
Buy : 0.9941 Take profit: 0.9950
Buy : 0.9954 Take profit: 0.9970
Sell: 0.9919 Take profit: 0.9909
Sell: 0.9907 Take profit: 0.9888
For the dollar / yen pair, the key levels on the scale are : 109.86, 109.48, 109.29, 108.94, 108.54, 108.40, 108.16 and 107.92. 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 breakdown of the level of 108.95. In this case, the goal is 109.29. Short-term upward movement, as well as consolidation is in the range of 109.29 - 109.48. 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: 108.95 Take profit: 109.29
Buy : 109.30 Take profit: 109.46
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: 1.3279, 1.3259, 1.3217, 1.3201, 1.3157, 1.3140, 1.3117 and 1.3085. Here, we are following the local ascending structure of July 25th. The continuation of the movement to the top is expected after the price passes the noise range 1.3201 - 1.3217. In this case, the goal is 1.3259. For the potential value for the top, we consider the level of 1.3279. After reaching which, we expect consolidation, as well as a rollback to the bottom.
Short-term downward movement is possible in the range of 1.3157 - 1.3140. The breakdown of the latter value will have to form a downward structure. Here, the first target is 1.3117. For the potential value for the bottom, we consider the level of 1.3085.
The main trend is the local ascending structure of July 25.
Trading recommendations:
Buy: 1.3217 Take profit: 1.3257
Buy : 1.3260 Take profit: 1.3278
Sell: 1.3157 Take profit: 1.3140
Sell: 1.3138 Take profit: 1.3118
For a pair of Australian dollar / US dollar, the key levels on the H1 scale are : 0.6958, 0.6934, 0.6921, 0.6907, 0.6888 and 0.6852. Here, we follow the development of the downward structure of July 18. Consolidated movement is expected in the range of 0.6907 - 0.6888. Hence, we expect a key reversal to the top. The breakdown of the level of 0.6888 will lead to a move to a potential target of 0.6852, but in this case, we expect an unstable trend development.
Short-term upward movement is possible in the range of 0.6921 - 0.6934. The breakdown of the latter value will lead to a prolonged correction. In this case, the target is 0.6958.
The main trend - the downward structure of July 18.
Trading recommendations:
Buy: 0.6921 Take profit: 0.6934
Buy: 0.6936 Take profit: 0.6955
Sell : Take profit :
Sell: 0.6884 Take profit: 0.6861
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, we are following the formation of the ascending structure of July 25. At the moment, we expect the movement to the level - 121.47. Meanwhile, to the level of 121.62, we expect the registration of a pronounced structure of the initial conditions for the upward cycle. 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: 120.72 Take profit: 120.54
Sell: 120.45 Take profit: 120.10
For the pound / yen pair, the key levels on the H1 scale are : 134.10, 133.68, 133.38, 133.17, 132.72, 132.40, 132.20 and 131.80. Here, we are following the development of the downward structure of July 25th. The continuation of the movement to the bottom is expected after the breakdown of the level of 132.72. In this case, the target is 132.40. Price consolidation is in the range of 132.40 - 132.20. For the potential value for the bottom, we consider the level of 131.80. After reaching which, we expect to go into a correction.
Short-term upward trend is possible in the range 133.17 - 133.38. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 133.68. This level is a key support for the downward structure. Its breakdown will have to form the initial conditions for the upward cycle. Here, the potential target is 134.10 .
The main trend - the downward structure of July 25.
Trading recommendations:
Buy: 133.17 Take profit: 133.37
Buy: 133.40 Take profit: 133.68
Sell: 132.70 Take profit: 132.40
Sell: 132.20 Take profit: 131.80
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