Forecast for July 22:
Analytical review of H1-scale currency pairs:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1342, 1.1299, 1.1286, 1.1249, 1.1217, 1.1197 and 1.1169. Here, the price is in equilibrium. The resumption of the movement to the top is expected after the breakdown of 1.1249. In this case, the goal is 1.1286. Price consolidation is in the corridor 1.1286 - 1.1299. The breakdown of the level of 1.1300 should be accompanied by a pronounced upward movement. Here, the potential target is 1.1342, and upon reaching this level, we expect a rollback to the bottom.
Short-term downward movement is possible in the corridor 1.1217 - 1.1197. The breakdown of the latter value will have to be the development of a downward structure, and in this case, the potential target is 1.1169.
The main trend is the equilibrium situation.
Trading recommendations:
Buy 1.1250 Take profit: 1.1284
Buy 1.1301 Take profit: 1.1340
Sell: 1.1212 Take profit: 1.1198
Sell: 1.1195 Take profit: 1.1172
For the pound / dollar pair, the key levels on the H1 scale are: 1.2691, 1.2623, 1.2598, 1.2568, 1.2515, 1.2492 and 1.2447. Here, we consider the ascending structure of July 17 as a large initial condition. Continuation of the movement to the top is expected after the breakdown at 1.2568. In this case, the goal is 1.2598. Short-term upward movement, as well as consolidation, is in the corridor 1.2598 - 1.2623. The breakdown of the level 1.2623 should be accompanied by a pronounced upward movement. Here, the potential target is 1.2691. From this level, we expect a rollback to the bottom.
Consolidated movement is expected in the corridor 1.2515 - 1.2492. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2447. This level is a key support for the upward structure of July 12.
The main trend - the formation of the ascending structure of July 17.
Trading recommendations:
Buy: 1.2568 Take profit: 1.2598
Buy: 1.2600 Take profit: 1.2622
Sell: 1.2490 Take profit: 1.2450
Sell: 1.2442 Take profit: 1.2390
For the dollar / franc pair, the key levels on the H1 scale are: 0.9902, 0.9881, 0.9858, 0.9841, 0.9798, 0.9779, 0.9745 and 0.9731. Here, we are following the formation of the downward structure of July 17th. Short-term downward movement is expected in the corridor 0.9798 - 0.9779. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the goal is 0.9745. For the potential value to the bottom, we consider the level of 0.9731, after reaching which, we expect consolidation, as well as rollback to the top.
Short-term upward movement is possible in the corridor 0.9841 - 0.9858. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 0.9881. This level is a key support for the downward structure.
The main trend is the local downward structure of July 17.
Trading recommendations:
Buy : 0.9841 Take profit: 0.9856
Buy : 0.9860 Take profit: 0.9880
Sell: 0.9798 Take profit: 0.9780
Sell: 0.9776 Take profit: 0.9747
For the dollar / yen pair, the key levels on the scale are : 108.42, 108.12, 107.84, 107.43, 106.98, 106.68, 106.27 and 106.01. Here, we continue to monitor the downward structure of July 10. At the moment, the price is in the correction. The resumption of the movement to the bottom is expected after the breakdown of 107.43. In this case, the first target is 106.98. Short-term downward movement is possible in the corridor 106.98 - 106.68. The breakdown of the latter value should be accompanied by a pronounced downward movement. In this case, the goal is 106.27. For the potential value at the bottom, we consider the level of 106.01, and after reaching which, we expect a rollback to the top.
Short-term upward movement is possible in the corridor 107.84 - 108.12. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 108.42. This level is a key support for the bottom.
The main trend: the downward structure of July 10, the stage of correction.
Trading recommendations:
Buy: 108.13 Take profit: 108.40
Sell: 107.40 Take profit: 107.00
Sell: 107.96 Take profit: 106.70
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3141, 1.3105, 1.3070, 1.3050, 1.3016, 1.3001, 1.2964 and 1.2937. Here, the situation is in equilibrium. Continuation of the movement to the bottom is expected after the price passes the noise range of 1.3016 - 1.3001. In this case, the target is 1.2964. For the potential value at the bottom, we consider the level of 1.2937, and after reaching which, we expect a rollback to the top.
Short-term upward movement is possible in the corridor 1.3050 - 1.3070. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3105. This level is a key support for the bottom.
The main trend is the equilibrium state.
Trading recommendations:
Buy: 1.3050 Take profit: 1.3070
Buy : 1.3072 Take profit: 1.3105
Sell: 1.3000 Take profit: 1.2965
Sell: 1.2962 Take profit: 1.2938
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.7145, 0.7111, 0.7101, 0.7066, 0.7085, 0.7050, 0.7036, 0.7015 and 0.6995. Here, we are following the formation of the ascending structure of July 17. At the moment, the price is in the correction zone. Continuation of the movement to the top is expected after the breakdown of 0.7066. In this case, the first goal is 0.7085. The breakdown of which, in turn, will lead to the movement to the level of 0.7101, near this level is the price consolidation. Passing through the noise range of 0.7101 - 0.7111 will lead to a pronounced movement. Here, the potential target is 0.7145. From this level, we expect a rollback to the bottom.
Consolidated movement is possible in the corridor of 0.7050 - 0.7036. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7015. This level is a key support for the upward structure of July 17.
The main trend is the ascending structure of July 10, the local structure for the top of July 17.
Trading recommendations:
Buy: 0.7066 Take profit: 0.7085
Buy: 0.7085 Take profit: 0.7101
Sell : 0.7034 Take profit : 0.7017
Sell: 0.7013 Take profit: 0.6995
For the euro / yen pair, the key levels on the H1 scale are: 121.66, 121.35, 121.18, 120.92, 120.62, 120.48, 120.14 and 119.91. Here, we continue to monitor the downward structure of July 10. Continuation of the movement to the bottom is expected after the breakdown of 120.90. In this case, the target is 120.62. Price consolidation is in the corridor 120.62 - 120.48. The breakdown of the level of 120.46 should be accompanied by a pronounced downward movement, and here the goal is, 120.14. For the potential value at the bottom, we consider the level of 119.91, and after reaching which, we expect a rollback to the top.
Short-term upward movement is possible in the corridor 121.18 - 121.35. The breakdown of the latter value will lead to a prolonged correction, and here the goal is, 121.66. This level is a key support for the downward structure.
The main trend - the downward structure of July 10.
Trading recommendations:
Buy: 121.18 Take profit: 121.33
Buy: 121.37 Take profit: 121.66
Sell: 120.90 Take profit: 120.62
Sell: 120.46 Take profit: 120.14
For the pound / yen pair, the key levels on the H1 scale are : 135.96, 135.63, 135.40, 135.04, 134.79, 134.38, 134.15, 133.81 and 133.44. Here, the price forms the expressed initial conditions for the top of July 18. Short-term movement to the top is expected in the corridor 134.79 - 135.04. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 135.40. Short-term upward movement, as well as consolidation is in the corridor 135.40 - 135.63. We consider the level of 135.96 as a potential value the top, after reaching which we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement, is perhaps in the range of 134.38 - 134.15. The breakdown of the latter value will have to develop a downward trend, and here the goal is, 133.81. Potential value for the bottom is expected at the level of 133.44.
The main trend is the downward cycle of July 9, the formation of potential for the top of July 18.
Trading recommendations:
Buy: 135.06 Take profit: 135.40
Buy: 135.42 Take profit: 135.62
Sell: 134.38 Take profit: 134.17
Sell: 134.12 Take profit: 133.81
