Forecast for June 22:
Analytical review of currency pairs on the scale of H1:
The key levels for the euro / dollar pair on the H1 scale are: 1.1276, 1.1238, 1.1212, 1.1168, 1.1136, 1.1103, 1.1062 and 1.1035. Here, we continue to monitor the local descending structure of June 16. A short-term downward movement is expected in the range of 1.1168 - 1.1136. The breakdown of the last level will lead to a movement to the level of 1.1103. Price consolidation is near this level. We expect a pronounced downward movement after the breakdown of the level of 1.1101. In this case, the target is 1.1062. The level of 1.1035 is considered to be the potential value for the bottom. We expect an upward pullback upon reaching this level.
A short-term upward movement is possible in the range of 1.1212 - 1.1238. The breakdown of the last level will lead to a deeper correction. Here, the target is 1.1276. This is the key support level for the bottom.
The main trend is the local descending structure of June 16
Trading recommendations:
Buy: 1.1212 Take profit: 1.1237
Buy: 1.1239 Take profit: 1.1276
Sell: 1.1168 Take profit: 1.1137
Sell: 1.1134 Take profit: 1.1104
The key levels for the pound / dollar pair on the H1 scale are: 1.2563, 1.2479, 1.2419, 1.2345, 1.2281, 1.2184 and 1.2130. Here, we are following the development of the downward cycle of June 10th. A short-term downward movement is expected in the range of 1.2345 - 1.2281. The breakdown of the last level will lead to a pronounced downward movement. Here, the target is 1.2184. For the potential value for the bottom, we consider the level of 1.2130. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is expected in the range of 1.2419 - 1.2479. The breakdown of the last level will lead to deeper correction. In this case, the potential target is 1.2563.
The main trend is the descending structure of June 10
Trading recommendations:
Buy: 1.2420 Take profit: 1.2477
Buy: 1.2481 Take profit: 1.2560
Sell: 1.2345 Take profit: 1.2283
Sell: 1.2280 Take profit: 1.2186
The key levels for the dollar / franc pair on the H1 scale are: 0.9687, 0.9618, 0.9561, 0.9488, 0.9462, 0.9416 and 0.9373. Here, the price forms expressed initial conditions for the top of June 11th. The continuation of the upward movement is expected after the breakdown of the level of 0.9561. In this case, the target is 0.9618. Price consolidation is near this level. The breakdown of the level of 0.9618 will lead to a pronounced movement to the potential target - 0.9687. We expect a downward pullback from this level.
A short-term downward movement is expected in the range of 0.9488 - 0.9462. The breakdown of the last level will lead to deeper movement. Here, the target is 0.9416. This is the key support level for the top.
The main trend is the upward structure of June 11
Trading recommendations:
Buy : 0.9561 Take profit: 0.9615
Buy : 0.9620 Take profit: 0.9685
Sell: 0.9488 Take profit: 0.9464
Sell: 0.9460 Take profit: 0.9418
The key levels for the dollar / yen pair on the scale are : 108.39, 108.15, 107.67, 107.34, 106.64, 106.07, 105.78 and 105.08. Here, we are following the development of the descending structure of June 5th. The continuation of the downward movement is expected after the breakdown of the level of 106.64. In this case, the target is 106.07. A short-term downward movement, as well as consolidation are in the range of 106.07 - 105.78. For the potential value for the downward trend, we consider the level of 105.08. We expect an upward pullback upon reaching which.
A short-term upward movement is possible in the range 107.34 - 107.67. The breakdown of the last level will lead to a deeper correction. Here, the target is 108.15. We expect the initial conditions for the upward cycle to be formed before the noise range of 108.15 - 108.39.
The main trend: the downward cycle of June 5, the correction stage
Trading recommendations:
Buy: 107.35 Take profit: 107.66
Buy : 107.69 Take profit: 108.15
Sell: 106.64 Take profit: 106.07
Sell: 105.76 Take profit: 105.10
The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3967, 1.3889, 1.3779, 1.3737, 1.3683, 1.3560, 1.3510 and 1.3452. Here, we are following the ascending structure of June 10th. The continuation of the upward movement is expected after the breakdown of the level of 1.3683. In this case, the target is 1.3737. Price consolidation is near this level. The price passing the noise range of 1.3737 - 1.3779 should be accompanied by a pronounced upward movement. Here, the target is 1.3889. For the potential value for the top, we consider the level of 1.3967. We expect a downward pullback upon reaching this level.
A consolidated movement is possible in the range of 1.3560 - 1.3510. The breakdown of the last level will lead to the development of a deeper correction. Here, the goal is 1.3452. This is a key support level for the top and its breakdown will allow you to count on movement to the level of 1.3371.
The main trend is the upward structure of June 10
Trading recommendations:
Buy: 1.3683 Take profit: 1.3737
Buy : 1.3780 Take profit: 1.3888
Sell: 1.3508 Take profit: 1.3452
Sell: 1.3450 Take profit: 1.3371
The key levels for the Australian dollar / US dollar pair on the H1 scale are : 0.7052, 0.6990, 0.6941, 0.6849, 0.6789, 0.6741, 0.6705. 0.6613 and 0.6549. Here, the price is in correction from the downward structure on June 10th. The resumption of the downward trend is possible after the breakdown of the level of 0.6849. Here, the first goal is 0.6789. The breakdown of which, in turn, will allow us to rely on the movement to 0.6741. The price passing the noise range 0.6741 - 0.6705 will lead to a pronounced downward movement. Here, the target is 0.6613. For the potential value for the downward trend, we consider the level of 0.6549. We expect an upward pullback upon reaching which.
We expect a short-term upward movement in the range of 0.6941 - 0.6990. The breakdown of the level of 0.6990 will lead to the cancellation of the downward trend. In this case, the first target is 0.7052.
The main trend is the descending structure of June 10, the correction stage
Trading recommendations:
Buy: 0.6941 Take profit: 0.6988
Buy: 0.6992 Take profit: 0.7050
Sell : 0.6849 Take profit : 0.6790
Sell: 0.6787 Take profit: 0.6741
The key levels for the euro / yen pair on the H1 scale are: 120.69, 120.22, 119.94, 119.37, 118.96 and 118.39. Here, we are following the development of the local downward cycle of June 16. The continuation of the downward movement is expected after the breakdown of the level of 119.37. In this case, the target is 118.96. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 118.39. We expect a pullback upward upon reaching which.
A short-term upward movement is possible in the range of 119.94 - 120.22. The breakdown of the last level will lead to a deeper correction. Here, the goal is 120.69. This level is the key support for the downward structure from June 16.
The main trend is the local descending structure of June 16
Trading recommendations:
Buy: 119.94 Take profit: 120.20
Buy: 120.24 Take profit: 120.69
Sell: 119.37 Take profit: 118.98
Sell: 118.94 Take profit: 118.40
The key levels for the pound / yen pair on the H1 scale are : 134.56, 133.70, 133.23, 132.43, 131.71, 131.30 and 130.44. Here, we continue to monitor the local descending structure of June 16th. A short-term downward movement, as well as consolidation, are expected in the range of 132.43 - 131.71. The price passing the noise range 131.71 - 131.30 will lead to a movement to potential target 130.44. We expect an upward pullback upon reaching which.
A short-term upward movement is possible in the range of 133.23 - 133.70. The breakdown of the last level will lead to a deeper correction. Here, the target is 134.56. This is the key support level for the downward structure from June 16.
The main trend is the local descending structure of June 16
Trading recommendations:
Buy: 133.23 Take profit: 133.70
Buy: 133.75 Take profit: 134.56
Sell: 132.40 Take profit: 131.73
Sell: 131.30 Take profit: 130.50
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