For the EUR / USD, the price has undergone a correction where the level of 1.1475 is the key support for the upside.
Forecast for July 20:
Analytical review of the currency pairs in H1 scale:
The EUR / USD pair key H1 scale levels are 1.1628, 1.1608, 1.1574, 1.1510 and 1.1475.
A downward movement is possible in the short term within the levels of 1.1510 - 1.1475 and a breakdown of the last value.
The main trend is the local structure for the top of July 13, correction step.
Trading recommendations:
Buy: 1.1576 Take profit: 1.1608
Buy: 1.1609 Take profit: 1.1626
Sell: 1.1508 Take profit: 1.1480
Sell: 1.1470 Take profit: 1.1425
For the GBP / USD pair, the key H1 scale levels are 1.3178, 1.3146, 1.3124, 1.3079, 1.3051, 1.2995, 1.2959, 1.2911, 1.2880 and 1.2811.
A short-term upward movement is 1.3051 - 1.3079 and a breakout from the last reading.
The main trend is ascending cycle of 12 July correction step.
Trading recommendations:
Buy: 1.3051 Take profit: 1.3076
Buy: 1.3082 Take profit: 1.3124
Sell: 1.2995 Take profit: 1.2962
Sell: 1.2956 Take profit: 1.2914
For USD / CHF, the H1 scale key levels are 0.9601, 0.9573, 0.9555, 0.9528, 0.9513 and 0.9477.
The upward movement is possible in the short-term between 0.9555 and 0.9573.
The main trend is the local structure.
Trading recommendations:
Buy: 0.9555 Take profit: 0.9570
Buy: 0.9575 Take profit: 0.9600
Sell: 0.9528 Take profit: 0.9515
Sell: 0.9510 Take profit: 0.9480
The USD / JPY pair key H1 scale levels are 113.02, 112.56, 112.29, 111.84, 111.59, 111.16 and 110.57.
An upward movement in the short-term is possible between the area of 112.29 - 112.56.
The main trend downward structure of July 11.
Trading recommendations:
Buy: 112.30 Take profit: 112.55
Buy: 112.58 Take profit: 113.00
Sell: 111.58 Take profit: 111.18
Sell: 111.14 Take profit: 110.60
For the USD / CAD pair, the key levels on the H1 scale are 1.3021, 1.2877, 1.2778, 1.2559, 1.2460 and 1.2388.
An upward movement in the short-term is possible within the 1.2778 - 1.2877 range and a breakout from the last reading.
The main trend is downward cycle of 8 June.
Trading recommendations:
Buy: 1.2778 Take profit: 1.2875
Buy: 1.2880 Take profit: 1.3020
Sell: 1.2556 Take profit: 1.2465
Sell: Take profit:
The AUD / USD pair key H1 scale levels are 0.8039, 0.7970, 0.7905, 0.7822, 0.7777 and 0.7708.
A downward movement for short-term is possible within the range of 0.7822 - 0.7777.
The main trend is a rising structure of May 9, we expect a correction case.
Trading recommendations:
Buy: Take profit:
Buy: Take profit:
Sell: 0.7820 Take profit: 0.7780
Sell: 0.7772 Take profit: 0.7710
The EUR / JPY pair key H1 scale levels are 131.44, 130.77, 129.90, 129.50, 128.93, 128.39, 127.74 and 127.28.
An upward movement in the short-term is possible between 129.50 and 129.90.
The main trend is the forming downward structure on July 11.
Trading recommendations:
Buy: 129.50 Take profit: 129.90
Buy: 130.00 Take profit: 130.70
Sell: 128.90 Take profit: 128.50
Sell: 128.30 Take profit: 127.80
A GBP / JPY key H1 scale levels are 147.61, 146.70, 146.20, 145.22, 144.46, 143.57 and 142.98.
A GBP/JPY key H1 scale levels are 147.61, 146.70, 146.20, 145.22, 144.46, 143.57 and 142.98. It continues the formation of the downward trend from July 17. A downward movement is expected to continue after a breakdown at 145.22 with a target of 144.46 which is near the consolidation level. A steep downward movement is expected after a breakout from 144.44 with the next target at 143.57. The potential value for the support level is 142.98 where a consolidation followed by a correction is expected.
An upward movement in the short-term is possible within the 146.20 - 146.70 area. A breakdown from the last level will trigger the initial formation of the upward movement in the scale of H1 with a potential target of 147.61.
Trading recommendations:
Buy: 146.20 Take profit: 146.70
Buy: 146.75 Take profit: 147.60
Sell: 145.20 Take profit: 144.50
Sell: 144.44 Take profit: 143.60
