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01.07.202008:38 Fractal analysis of main currency pairs on July 1st

Forecast for July 1:

Analytical review of currency pairs on the scale of H1:

Exchange Rates 01.07.2020 analysis

The key levels for the euro / dollar pair on the H1 scale are: 1.1289, 1.1254, 1.1232, 1.1183, 1.1154, 1.1132, 1.1071 and 1.1029. Here, we are following the formation of the descending structure of June 23. The continuation of the downward movement is expected after the breakdown of the level of 1.1183. In this case, the goal is 1.1154. The price passing the noise range 1.1154 - 1.1132 will lead to the development of a pronounced downward movement. Here, the goal is 1.1071. For the potential value for the bottom, we consider the level of 1.1029. We expect an upward pullback upon reaching which.

A short-term upward movement is possible in the range of 1.1254 - 1.1289. The breakdown of the last level will lead to the formation of an ascending structure. In this case, the potential target is 1.1349. We expect the initial conditions for the top to be formed to this level.

The main trend is the formation of the downward structure of June 23, the correction stage

Trading recommendations:

Buy: 1.1255 Take profit: 1.1287

Buy: 1.1292 Take profit: 1.1346

Sell: 1.1183 Take profit: 1.1155

Sell: 1.1130 Take profit: 1.1080

Exchange Rates 01.07.2020 analysis

The key levels for the pound / dollar pair on the H1 scale are: 1.2597, 1.2547, 1.2508, 1.2456, 1.2413, 1.2349, 1.2311, 1.2259, 1.2208, 1.2180 and 1.2118. Here, the price is in correction from the downward structure and forms the potential for the top of June 30. A short-term upward movement is expected in the range of 1.2413 - 1.2456. The breakdown of the last level will lead to a pronounced movement. Here, the target is 1.2508. Price consolidation is in the range of 1.2508 - 1.2547. For the potential value for the top, we consider the level of 1.2597. Upon reaching which, we expect a downward pullback.

A short-term upward movement is expected in the range of 1.2349 - 1.2311. The breakdown of the last level will have the subsequent development of a downward trend of June 24. In this case, the first target is 1.2259. Price consolidation is near this level. The price passing this level will lead to a pronounced movement. Here, the target is 1.2208. Price consolidation is in the range of 1.2208 - 1.2180. We consider the level of 1.2118 to be a potential value for the bottom.

The main trend is the descending structure of June 24, the correction stage

Trading recommendations:

Buy: 1.2413 Take profit: 1.2455

Buy: 1.2457 Take profit: 1.2508

Sell: 1.2349 Take profit: 1.2312

Sell: 1.2309 Take profit: 1.2260

Exchange Rates 01.07.2020 analysis

The key levels for the dollar / franc pair on the H1 scale are: 0.9610, 0.9588, 0.9556, 0.9529, 0.9503, 0.9459, 0.9440 and 0.9419. Here, we determined the subsequent goals for the top from the local initial conditions on June 29. At the moment, the price is close to canceling this structure, for which a breakdown of the level of 0.9459 is necessary. Here, the first goal is 0.9440. For the potential value for the bottom, we consider the level of 0.9419. Upon reaching which, we expect consolidation.

The continuation of the upward movement is expected after the breakdown of the level of 0.9503. In this case, the first target is 0.9529. The breakdown of which, in turn, will allow you to count on movement to the level of 0.9556. Price consolidation is near this level. A pronounced upward movement is expected after the breakdown of the level of 0.9556. Here, the potential target is 0.9610. Price consolidation is in the range of 0.9588 - 0.9610 and hence, there is a high probability of a downward reversal.

The main trend is the local structure for the top of June 29

Trading recommendations:

Buy : 0.9503 Take profit: 0.9529

Buy : 0.9531 Take profit: 0.9555

Sell: 0.9457 Take profit: 0.9441

Sell: 0.9438 Take profit: 0.9420

Exchange Rates 01.07.2020 analysis

The key levels for the dollar / yen pair on the scale are : 108.86, 108.45, 108.28, 107.95, 107.57, 107.37 and 107.01. Here, we follow the development of the upward cycle of June 23. C The continuation of the upward movement is expected after the breakdown of the level of 107.95. In this case, the target is 108.28. Price consolidation is in the range of 108.28 - 108.45. For the potential value for the top, we consider the level of 108.86. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 107.57 - 107.37. The breakdown of the last level will lead to a deeper correction. Here, the goal is 107.01. This is the key support level for the top.

Main trend: upward cycle of June 23

Trading recommendations:

Buy: 107.95 Take profit: 108.28

Buy : 108.47 Take profit: 108.86

Sell: 107.55 Take profit: 107.38

Sell: 107.35 Take profit: 107.05

Exchange Rates 01.07.2020 analysis

The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3813, 1.3766, 1.3709, 1.3638, 1.3566, 1.3526 and 1.3487. Here, the price is in deep correction of June 23. A short-term downward movement is expected in the range of 1.3566 - 1.3526. The breakdown of the last level will lead to the cancellation of the downward structure and here, the first goal is 1.3487.

The continuation of the upward movement is expected after the breakdown of the level of 1.3636. In this case, the first target is 1.3709. The breakdown of which, in turn, should be accompanied by a pronounced upward movement to the level of 1.3766. For the potential value for the top, we consider the level of 1.3813. Upon reaching which, we expect a downward pullback.

The main trend is the formation of the upward potential of June 23, the stage of deep correction.

Trading recommendations:

Buy: 1.3638 Take profit: 1.3707

Buy : 1.3711 Take profit: 1.3765

Sell: 1.3564 Take profit: 1.3528

Sell: 1.3524 Take profit: 1.3488

Exchange Rates 01.07.2020 analysis

For the Australian dollar / dollar pair, the key levels on the H1 scale are : 0.7031, 0.6986, 0.6967, 0.6944, 0.6909, 0.6841, 0.6809 and 0.6757. Here, the situation is in equilibrium. The resumption of the development of the downward trend, possibly after the breakdown of 0.6840, here the first goal is 0.6809, the breakdown of which should be accompanied by a pronounced downward movement, here the potential target is -0.6757.

The continuation of the upward movement is expected after the breakdown of the level of 0.6909. In this case, the first target is 0.6944. The breakdown of which will lead to movement to the level of 0.6967. The price passing the noise range 0.6967 - 0.6986 should be accompanied by a pronounced upward movement. Here, the target is 0.7031. Price consolidation is near this level.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 0.6910 Take profit: 0.6942

Buy: 0.6945 Take profit: 0.6967

Sell : 0.6840 Take profit : 0.6810

Sell: 0.6807 Take profit: 0.6760

Exchange Rates 01.07.2020 analysis

The key levels for the euro / yen pair on the H1 scale are: 122.47, 121.87, 121.66, 121.29, 120.64, 120.35, 120.12 and 119.74. Here, we are following the ascendant structure of June 26th. The continuation of the upward movement is expected after the breakdown of the level of 121.29. In this case, the goal is 121.66. Price consolidation is in the range of 121.66 - 121.87. The price passing the noise range of 121.66 - 121.87 will lead to a pronounced upward movement. Here, the target is 122.47. Upon reaching this value, we expect a downward pullback.

A short-term downward movement is possible in the range of 120.64 - 120.35. The breakdown of the last level will lead to a deeper movement. Here, the goal is 120.12. This is the key support level for the top.

The main trend is the local upward structure of June 26

Trading recommendations:

Buy: 121.30 Take profit: 121.66

Buy: 121.90 Take profit: 122.45

Sell: 120.64 Take profit: 120.37

Sell: 120.35 Take profit: 120.14

Exchange Rates 01.07.2020 analysis

The key levels for the pound / yen pair on the H1 scale are : 135.98, 135.48, 134.68, 134.06, 132.88, 132.41 and 131.92. Here, the price forms a pronounced upside potential of June 29th. The continuation of the upward movement is expected after the breakdown of the level of 134.06. In this case, the target is 134.68. Price consolidation is near this level. The breakdown of the level of 134.68. In this case, the target is 135.48. For the potential value for the top, we consider the level of 135.98. We expect consolidation near which, as well as a downward pullback.

A short-term downward movement is expected in the range of 132.88 - 132.41. The breakdown of the latter will lead to the cancellation of the ascending structure of June 29. In this case, the target is 131.92.

The main trend is building potential for the top of June 29

Trading recommendations:

Buy: 134.06 Take profit: 134.66

Buy: 134.70 Take profit: 135.46

Sell: 132.88 Take profit: 132.43

Sell: 132.39 Take profit: 131.92

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Daichi Takahashi,
Analytical expert
InstaForex Group © 2007-2020
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