Hello, dear colleagues.
For the Euro/Dollar pair, the price forms a pronounced upward structure from August 23 and the continuation of the upward movement is expected after the breakdown of 1.1170. For the Pound/Dollar pair, we continue to monitor the development of the local upward structure from August 20 and the level of 1.2201 is the key support. For the Dollar/Franc pair, the price forms a pronounced downward structure from August 23 and the subsequent development of which is expected after the breakdown of 0.9704. For the Dollar/Yen pair, the price has issued the potential for a downward cycle of August 23 and the continuation of the downward movement is expected after the breakdown of 104.30. For the Euro/Yen pair, the continuation of the downward trend is expected after the passage of the range of 116.54 – 116.08. For the Pound/Yen pair, the range of 129.00 – 128.12 is the key support for the upward structure from August 12.
Forecast for August 26:
Analytical review of currency pairs on H1 scale:
For the Euro/Dollar pair, the key levels in the H1 scale are: 1.1249, 1.1205, 1.1189, 1.1170, 1.1124, 1.1107, 1.1077 and 1.1050. The price forms a pronounced structure for the top of August 23. The continuation of the upward movement is expected after the breakdown of 1.1170. In this case, the target is 1.1189 and consolidation is near this level. The passage at the price of the range of 1.1189 – 1.1205 must be accompanied by a strong upward movement. The target – 1.1249 and we expect a pullback from this level.
The short-term downward movement is possible in the area of 1.1124 – 1.1107 and the breakdown of the last value will lead to a protracted correction. The target is 1.1077 and this level is the key support for the top.
The main trend is the upward structure of August 23.
Trading recommendations:
Buy 1.1170 Take profit: 1.1189
Buy 1.1205 Take profit: 1.1245
Sell: 1.1124 Take profit: 1.1108
Sell: 1.1105 Take profit: 1.1080
For the Pound/Dollar pair, the key levels in the H1 scale are: 1.2362, 1.2338, 1.2293, 1.2265, 1.2224, 1.2201 and 1.2167. We continue to monitor the local upward structure from August 20. The short-term upward movement is expected in the area of 1.2265 – 1.2293 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 1.2338. We consider the level of 1.2362 as a potential value for the top, upon reaching which, we expect consolidation, as well as a pullback to the bottom.
The short-term downward movement is expected in the range of 1.2224 – 1.2201 and the breakdown of the last value will lead to an in-depth movement. The target is 1.2167 and this level is the key support for the top.
The main trend is the local structure for the top of August 20.
Trading recommendations:
Buy: 1.2265 Take profit: 1.2290
Buy: 1.2295 Take profit: 1.2336
Sell: 1.2224 Take profit: 1.2201
Sell: 1.2198 Take profit: 1.2168
For the Dollar/Franc pair, the key levels in the H1 scale are: 0.9815, 0.9777, 0.9756, 0.9704, 0.9673, 0.9650 and 0.9586. The price forms a pronounced downward structure from August 23. The continuation of the downward movement is expected after the breakdown of 0.9704. In this case, the target is 0.9673 and in the area of 0.9673 – 0.9650 is the short-term downward movement, as well as consolidation. The breakdown of the level of 0.9650 should be accompanied by a pronounced downward movement. The target – 0.9586 and we expect a pullback to the top from this level.
The short-term upward movement is possible in the area of 0.9756 – 0.9777 and the breakdown of the last value will lead to an in-depth correction. The target is 0.9815 and this level is the key support for the bottom.
The main trend is the downward structure from August 23.
Trading recommendations:
Buy: 0.9756 Take profit: 0.9775
Buy: 0.9778 Take profit: 0.9815
Sell: 0.9704 Take profit: 0.9675
Sell: 0.9672 Take profit: 0.9650
For the Dollar/Yen pair, the key levels in the H1 scale are: 106.75, 105.87, 105.37, 104.30, 103.87, 103.57, 102.67 and 102.04. The price forms a downward structure from August 23. The continuation of the downward movement is expected after the breakdown of 104.30. In this case, the target is 103.87 and near this level is the price consolidation. The price pass of the range of 103.87 – 103.57 will lead to a pronounced movement. The target – 102.67. We consider the level of 102.04 as a potential value for the bottom, upon reaching which, we expect consolidation, as well as a rollback to the top.
The short-term upward movement is possible in the area of 105.37 – 105.87 and the breakdown of the last value will lead to the formation of the upward structure. The potential target – 106.75.
The main trend: the formation of the downward structure of August 23.
Trading recommendations:
Buy: 105.37 Take profit: 105.85
Buy: 105.90 Take profit: 106.75
Sell: 104.30 Take profit: 103.87
Sell: 103.55 Take profit: 102.70
For the Canadian dollar/Dollar pair, the key levels in the H1 scale are: 1.3345, 1.3319, 1.3300, 1.3246, 1.3217, 1.3182 and 1.3158. The price forms the potential for a downward movement from August 20. The continuation of the downward movement is expected after the breakdown of 1.3246. In this case, the target is 1.3217 and near this level is the price consolidation. The breakdown of the level of 1.3217 should be accompanied by a pronounced downward movement. The target is 1.3182. We consider the level of 1.3158 as a potential value for the bottom, upon reaching which, we expect consolidation, as well as a rollback to the top.
The short-term upward movement is possible in the area of 1.3300 – 1.3319 and the breakdown of the last value will lead to the formation of the upward structure. The target – 1.3345.
The main trend is the formation of capacity for the bottom of August 20.
Trading recommendations:
Buy: 1.3300 Take profit: 1.3316
Buy: 1.3321 Take profit: 1.3345
Sell: 1.3246 Take profit: 1.3219
Sell: 1.3215 Take profit: 1.3182
For the Australian dollar/Dollar pair, the key levels in H1 scale are: 0.6754, 0.6737, 0.6725, 0.6699, 0.6690, 0.6671 and 0.6657. The continuation of the development of the downward movement of August 21 is expected after the price passage of the range of 0.6699 – 0.6690. In this case, the target is 0.6671. We consider the level of 0.6657 as a potential value for the bottom, upon reaching which, we expect consolidation, as well as a rollback to the top.
The short-term upward movement is possible in the area of 0.6725 – 0.6737 and the breakdown of the last value will lead to a protracted correction. The target is 0.6754 and this level is the key support for the downward structure.
The main trend is the downward structure of August 21.
Trading recommendations:
Buy: 0.6725 Take profit: 0.6735
Buy: 0.6738 Take profit: 0.6752
Sell: 0.6690 Take profit: 0.6671
Sell: 0.6669 Take profit: 0.6671
For the Euro/Yen pair, the key levels in the H1 scale are: 118.13, 117.58, 117.16, 116.54, 116.08, 115.44 and 115.09. The continuation of the development of the downward structure from August 13 is expected after the breakdown of 116.54. In this case, the target is 116.08 and consolidation is near this level. The breakdown of the level of 116.04 will lead to a movement to the level of 115.44, upon reaching which, we expect a consolidated movement in the area of 115.44 – 115.09.
The short-term upward movement is expected in the area of 117.16 – 117.58 and the breakdown of the last value will lead to an in-depth correction. The target is 118.13 and this level is the key support for the downward structure.
The main trend is the downward cycle of August 13.
Trading recommendations:
Buy: 117.58 Take profit: 118.11
Buy: 118.16 Take profit: 118.70
Sell: 116.54 Take profit: 116.10
Sell: 116.04 Take profit: 115.45
For the Pound/Yen pair, the key levels in the H1 scale are: 133.74, 132.73, 132.17, 131.23, 130.57, 129.00 and 128.12. We follow the development of the upward structure from August 12. The short-term upward movement is expected in the range of 130.57 – 131.23 and breakdown of the last value will lead to a pronounced upward movement. The target – 132.17 and in the area of 132.17 – 132.73 is the short-term upward movement and consolidation. We consider the level of 133.74 as a potential value for the top, upon reaching which, we expect consolidation, as well as a pullback to the bottom.
The range of 129.00 – 128.12 is the key support for the upward structure from August 12 and the breakdown of the level of 128.12 will have to develop downward movement. In this case, the first potential target – 126.48.
The main trend is the upward structure of August 12.
Trading recommendations:
Buy: 130.58 Take profit: 131.23
Buy: 131.26 Take profit: 132.17
Sell: 128.96 Take profit: 128.12
Sell: 128.10 Take profit: 126.55
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