Dear colleagues.
For the EUR / USD pair, the price is in correction from the upward structure and forms the potential for the bottom of February 16. For the of GBP / USD pair, the price forms an upward structure from February 9. The continuation of the upward movement is expected after the breakdown of 1.4120. For the USD / CHF pair, the price is in correction and forms the potential for the top of February 16. For the USD / JPY pair, the continuation of the downward movement is possible after the breakdown of 105.08. For the EUR / JPY pair, the continuation of the movement downwards is expected after passing the price of the noise range at 131.82 - 131.36. For the GBP / JPY pair, the continuation of the movement downwards is expected after the breakdown at 149.05.
The forecast for February 16:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2648, 1.2580, 1.2528, 1.2418, 1.2375 and 1.2281. Here, we continue to follow the development of the upward structure on February 9. At the moment, the price is in deep correction and forms the potential for the bottom of February 16. The continuation of the upward movement is expected after the breakdown of 1.2528. In this case, the target is 1.2580. Near this level is the consolidation of the price and hence the turn towards a correction is possible. The potential value for the top is the level of 1.2648. Upon reaching this level, we expect a rollback to correction.
Short-term downward movement is possible in the area of 1.2418 - 1.2375. This range is the key support for the top. Passing the price will lead to the development of the downward movement. In this case, the target is 1.2281.
The main trend is the upward structure from February 9, the stage of deep correction.
Trading recommendations:
Buy: 1.2530 Take profit: 1.2580
Buy 1.2583 Take profit: 1.2646
Sell: 1.2416 Take profit: 1.2380
Sell: 1.2372 Take profit: 1.2285
For the GBP / USD pair, the key H1 scale levels are 1.4447, 1.4358, 1.4230, 1.4183, 1.4120, 1.4018, 1.3964 and 1.3894. Here, we follow the formation of the upward structure of February 9. The continuation of the upward movement is expected after the breakdown of 1.4120. In this case, the target is 1.4183. Near this level is the consolidation of the price. Passing the price of the noise range at 1.4183 - 1.4230 should be accompanied by a pronounced movement towards the level of 1.4358. The potential value for the top is the level of 1.4447. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.4018 - 1.3964. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3894. This level is the key support for the upward structure.
The main trend is the formation of an upward structure from February 9, the correction stage.
Trading recommendations:
Buy: 1.4120 Take profit: 1.4181
Buy: 1.4232 Take profit: 1.4356
Sell: 1.4018 Take profit: 1.3966
Sell: 1.3962 Take profit: 1.3896
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9319, 0.9274, 0.9219, 0.9176, 0.9146, 0.9097. Here, we follow the development of the downward structure from February 8. At the moment, the price is in correction and forms the potential for the top of February 16. The continuation of the downward movement is expected after the breakdown of 0.9219. In this case, the target is 0.9176. In the area of 0.9176 - 0.9146 is the consolidation of the price. The potential value for the downward movement is the level of 0.9097. Upon reaching this level, we expect a pullback upward.
Short-term upward movement is possible in the area of 0.9274 - 0.9319. Up to the level of 0.9319 we expect the formation of initial conditions for the upward cycle.
The main trend is the downward cycle from February 8, the correction stage.
Trading recommendations:
Buy: 0.9276 Take profit: 0.9315
Buy: Take profit:
Sell: 0.9217 Take profit: 0.9178
Sell: 0.9175 Take profit: 0.9148
For the USD / JPY pair, the key levels on the scale are: 108.23, 107.37, 106.88, 105.50, 105.08 and 104.35. Here, we continue to follow the downward structure of February 2. The continuation of the movement downwards is expected after passing the price of the noise range at 105.50 - 105.08. The potential value for the bottom is the level of 104.35. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 106.88 - 107.37. The breakdown of the last value will lead to in-depth correction. Here, the target is 108.20. This level is the key support for the downward structure.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 106.88 Take profit: 107.35
Buy: 107.40 Take profit: 108.20
Sell: 105.06 Take profit: 104.35
Sell: Take profit:
For the CAD / USD pair, the key H1 scale levels are: 1.2862, 1.2767, 1.2722, 1.2649, 1.2571, 1.2463, 1.2432 and 1.2372. Here, we follow the development of the upward cycle from February 1. The current price is in a deep correction. The continuation of the upward movement is expected after the breakdown of 1.2571. Here, the first target is 1.2650. The breakdown of this level will lead to a movement towards the level of 1.2722. In the area of 1.2722 - 1.2767 is the consolidation of the price. The potential value for the top is the level of 1.2862. Upon reaching this level, we expect a rollback to correction.
The range of 1.2463 - 1.2432 is the key support for the top. Passing the price will lead to the development of the downward structure. Here, the target is 1.2372. Up to this level we expect the initial conditions for the downward cycle to be formalized.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 1.2571 Take profit: 1.2645
Buy: 1.2650 Take profit: 1.2720
Sell: 1.2432 Take profit: 1.2374
Sell: 1.2370 Take profit: 1.2320
For the AUD / USD pair, the key levels on the scale of H1 are: 0.8098, 0.8055, 0.7995, 0.7945, 0.7897, 0.7869 and 0.7771. Here, we follow the upward structure of February 14. The continuation of the upward movement is expected after the breakdown of 0.7945. In this case, the target is 0.7995. Near this level is the is the consolidation of the price. The breakdown at the level of 0.7995 should be accompanied by a pronounced upward movement. The target here is 0.8055. The potential value for the top is the level 0.8098. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.7897 - 0.7869. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7830. This level is the key support for the top.
The main trend is a local structure for the top of February 14.
Trading recommendations:
Buy: 0.7945 Take profit: 0.7992
Buy: 0.7995 Take profit: 0.8050
Sell: 0.7896 Take profit: 0.7870
Sell: 0.7866 Take profit: 0.7832
For the EUR / JPY pair, the key levels on the scale of H1 are: 136.18, 135.69, 134.73, 133.90, 133.08, 131.82, 131.36, 130.48 and 129.23. Here, we follow the downward structure of February 2. The continuation of the downward movement is expected after passing the price of the noise range at 131.82 - 131.36. In this case, the target is 130.48. Near this level is the consolidation of the price. The potential value for the bottom is the level of 129.23. Upon reaching this level, we expect a rollback to the top.
The development of an upward correction is possible after the breakdown of 133.08. Here, the target is 133.90. Short-term upward movement is expected in the area of 133.90 - 134.73. The breakdown of the last value will lead to the development of an upward structure. In this case, the target is 135.70. The range of 135.70 - 136.18 is noise. Before reaching it we expect the initial conditions for the upward cycle.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 133.10 Take profit: 133.88
Buy: 133.92 Take profit: 134.70
Sell: 131.34 Take profit: 130.50
Sell: 130.44 Take profit: 129.30
For the GBP / JPY pair, the key levels on the scale of H1 are: 153.87, 152.56, 151.62, 150.85, 149.08, 147.11 and 145.56. Here, we continue to follow the downward structure of February 2. The continuation of the movement downwards is expected after the breakdown of 149.08. In this case, the target is 147.11. Near this level is the consolidation of the price. The break of the level of 147.10, should be accompanied by a pronounced movement towards the potential level of 145.56. Upon reaching this level, we expect a rollback upward.
Short-term upward movement is possible in the area of 150.85 - 151.62. The breakdown of the last value will lead to in-depth correction. Here, the target is 152.56. This level is the key support for the bottom. Passing the price will lead to the development of an upward movement. In this case, the target is 153.87.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 150.85 Take profit: 151.60
Buy: 151.65 Take profit: 152.50
Sell: 149.05 Take profit: 147.15
Sell: 147.08 Take profit: 145.60
