Dear colleagues.

The price of the Euro / Dollar pair is in the initial conditions of the downward structure from August 3. The Pound / Dollar pair continue the movement downwards after the breakdown of 1.2999. The Dollar / Frank pair expanded the potential for the upward cycle from July 21 to 0.9914. The pair Dollar / Yen formed the potential for an upward structure in the correction on August 4. The pair Euro / Yen is expected to move to the level of 131.62. The Pound / Yen pair, the continuation of the development of the downward movement is expected after the breakdown at 143.40.

Forecast for August 8:

Analytical review of currency pairs on the scale of H1:

For the EUR / USD pair, the key levels on the scale of H1 are: 1.1969, 1.1890, 1.1832, 1.1810, 1.1761, 1.1718, 1.1666, 1.1605 and 1.1561. Here, we continue to monitor the formation of the downward structure of August 3. The continued downward movement is expected after the breakdown of 1.1761. In this case, the target is 1.1718 and near this level is the consolidation. A breakdown at the level of 1.1715 will lead to a move to level 1.1666. The breakdown of which should be accompanied by a pronounced movement towards the level of 1.1605. The potential value for the bottom is the level of 1.1561, after reaching which we expect the departure to correction.

The short-term upward movement is possible in the corridor of 1.1810 - 1.1832 and the breakdown of the last value will have an upward structure. In this case, the target is 1.1890 and this level is the key resistance for the top.

The main trend is the formation of a downward structure from August 3.

Trading recommendations:

Buy: 1.1834 Take profit: 1.1890

Buy: 1.8094 Take profit: 1.1965

Sell: 1.1758 Take profit: 1.1720

Sell: 1.1715 Take profit: 1.1668

For the Pound / Dollar pair, the key levels on the scale of H1 are: 1.3157, 1.3106, 1.3074, 1.2999, 1.2960, 1.2905 and 1.2867. Here, we follow the development of the downward structure of August 3. The continuation of the movement downwards is expected after the breakdown of 1.2999. Here, the target is 1.2960 and near this level is the consolidation of the price. The breakdown of 1.2960 should be accompanied by a pronounced downward movement. Here, the target is 1.2905. The potential value for the bottom is the level of 1.2867, upon the achievement of which we expect consolidation.

The short-term upward movement is possible in the corridor of 1.3074 - 1.3106 and the breakdown of the latter value will lead to an in-depth movement. Here, the target is 1.3155 and this level is the key support for the downward structure from August 3.

The main trend is the downward structure of August 3.

Trading recommendations:

Buy: 1.3074 Take profit: 1.3104

Buy: 1.3108 Take profit: 1.3155

Sell: 1.2999 Take profit: 1.2962

Sell: 1.2958 Take profit: 1.2907

For the pair Dollar / Frank, the key levels on the scale of H1 are: 0.9914, 0.9845, 0.9811, 0.9753, 0.9714, 0.9687, 0.9655, 0.9630 and 0.9595. Here, we expanded the potential for the upward cycle of July 21. The continued upward movement is expected after the breakdown of 0.9755. In this case, the target is 0.9811 and in the corridor of 0.9811 - 0.9845 is the consolidation of the price. The potential value for the upward trend is the level of 0.9814, upon reaching of which we expect a rollback to correction.

The short-term downward movement is possible in the corridor of 0.9714 - 0.9687 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9655 and the range of 0.9655 - 0.9630 is the key support for the top. Its breakdown will lead to the formation of initial conditions for the downward cycle.

The main trend is the upward structure of July 21.

Trading recommendations:

Buy: 0.9755 Take profit: 0.9810

Buy: 0.9845 Take profit: 0.9910

Sell: 0.9714 Take profit: 0.9688

Sell: 0.9685 Take profit: 0.9655

For the pair Dollar / Yen, the key levels on the scale of H1 are: 111.32, 110.76, 109.74, 109.44 and 108.85. Here, we follow the development of the local downward structure of July 26 and at the moment, the price is in correction. The short-term upward movement is possible in the corridor of 110.76 - 111.32 and the breakdown of the latter value will have to develop an ascending structure. Here, the potential target is 112.18.

The short-term downward movement is possible in the corridor of 109.74 - 109.44 and the breakdown of the last value will lead to a movement to the potential target of 108.85, from which we expect a rollback upward.

The main trend is the downward structure of July 26, the correction stage.

Trading recommendations:

Buy: 110.80 Take profit: 111.30

Buy: 111.34 Take profit: 112.15

Sell: 109.74 Take profit: 109.45

Sell: 109.42 Take profit: 108.90

For the Canadian Dollar / Dollar pair, the key levels on the scale of H1 are: 1.2912, 1.2838, 1.2803, 1.2743, 1.2700, 1.2615, 1.2573 and 1.2513. Here, we follow the upward structure of July 27. The continued upward movement is expected after the breakdown of 1.2700. In this case, the target is 1.2743 and near this level is the consolidation. The break of the level of 1.2745 should be accompanied by a pronounced upward movement. Here, the target is 1.2803 and in the corridor of 1.2803 - 1.2838 is the consolidation. The potential value for the top is the level of 1.2912, upon reaching which we expect the correction to go.

The short-term downward movement is possible in the corridor of 1.2615 - 1.2573 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2513 and this level is the key support for the top.

The main trend is the upward cycle of July 27.

Trading recommendations:

Buy: 1.2700 Take profit: 1.2740

Buy: 1.2745 Take profit: 1.2800

Sell: 1.2612 Take profit: 1.2575

Sell: 1.2570 Take profit: 1.2515

For the Australian Dollar / Dollar pair, the key levels on the scale of H1 are: 0.8150, 0.8116, 0.8066, 0.8001, 0.7970, 0.7886, 0.7838, 0.7802 and 0.7754. Here, we expect the development of the downward trend after the breakdown of 0.7886. In this case, the target is 0.7838 and in the corridor of 0.7838 - 0.7802 is the consolidation of the price. The potential value for the bottom is the level of 0.7754, upon reaching which we expect a departure to correction.

The short-term upward movement is possible in the corridor of 0.7970 - 0.8001 and the breakdown of the last value will lead to the development of an upward structure. Here, the first target is 0.8066. As a potential value for the top, we are currently considering the level of 0.8150.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 0.7970 Take profit: 0.8000

Buy: 0.8003 Take profit: 0.8065

Sell: 0.7884 Take profit: 0.7840

Sell: 0.7800 Take profit: 0.7756

For the pair Euro / Yen, the key levels on the scale of H1 are: 132.40, 131.88. 131.62, 130.39, 129.71, 129.23 and 128.52. Here, we expect the move to 131.62 and in the corridor of 131.62 - 131.88 is the consolidation of the price. The potential value for the top is the level of 132.40, after reaching which we expect a departure to correction. We expect the correction to go down after the breakdown at 130.39. In this case, the target is 129.71.

The short-term downward movement is possible in the corridor of 129.71 - 129.23 and the breakdown of the latter value will lead to the development of a downward structure. Here, the target is 128.52.

The main trend is the upward structure of July 19.

Trading recommendations:

Buy: 130.80 Take profit: 131.60

Buy: 131.88 Take profit: 132.40

Sell: 130.37 Take profit: 129.74

Sell: 129.70 Take profit: 129.26

For the Pound / Yen pair, the key levels on the scale of H1 are: 146.77, 145.85, 144.99, 144.37, 143.43, 142.51, 141.91 and 140.95. Here, we follow the development of the downward structure of August 2. The continuation of the movement downwards is expected after the breakdown of 143.43. Here, the target is 142.51 and in the corridor of 142.51 - 141.91 is the consolidation of the price. The potential value for the bottom is the level of 140.95, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the corridor of 144.37 - 144.99 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 145.85 and this level is the key support for the downward structure from August 2. Its breakdown will have the potential to build upwards. In this case, the target is 146.77.

The main trend is the downward structure of August 2.

Trading recommendations:

Buy: 144.37 Take profit: 144.95

Buy: 145.00 Take profit: 145.85

Sell: 143.40 Take profit: 142.55

Sell: 141.90 Take profit: 141.00