Forecast for April 3 :
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.0978, 1.0916, 1.0876, 1.0791, 1.0761, 1.0704 and 1.0622. Here, we are following the development of the descending structure of March 27. The continuation of movement to the bottom is expected after the price passes the noise range 1.0791 - 1.0761. In this case, the target is 1.0704. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 1.0622, upon reaching which, we expect a pullback to the top.
Short-term upward movement is possibly in the range 1.0876 - 1.0916. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.0978. This level is a key support for the downward structure.
The main trend is the descending structure of March 27
Trading recommendations:
Buy: 1.0876 Take profit: 1.0914
Buy: 1.0918 Take profit: 1.0978
Sell: 1.0760 Take profit: 1.0705
Sell: 1.0702 Take profit: 1.0622
For the pound / dollar pair, the key levels on the H1 scale are: 1.2879, 1.2654, 1.2550, 1.2315, 1.2216 and 1.2099. Here, we are following the development of the upward cycle of March 19. Short-term upward movement is expected in the range of 1.2550 - 1.2654. The breakdown of the latter value will lead to a pronounced movement. Here, the potential target is 1.2550. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is expected in the range of 1.2315 - 1.2216. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2099. This level is a key support for the top.
The main trend is the upward cycle of March 19
Trading recommendations:
Buy: 1.2550 Take profit: 1.2652
Buy: 1.2655 Take profit: 1.2876
Sell: 1.2315 Take profit: 1.2218
Sell: 1.2214 Take profit: 1.2100
For the dollar / franc pair, the key levels on the H1 scale are: 0.9916, 0.9851, 0.9806, 0.9760, 0.9712, 0.9675 and 0.9632. Here, we are following the ascending structure of March 30. The continuation of the movement to the top is expected after the breakdown of the level of 0.9760. In this case, the target is 0.9806. The breakdown of which, in turn, will allow us to expect movement to the level of 0.9851. We expect consolidation near this value. For the potential value for the top, we consider the level of 0.9916, from which we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 0.9712 - 0.9675. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9632. This level is a key support for the top.
The main trend is the upward structure of March 30
Trading recommendations:
Buy : 0.9760 Take profit: 0.9804
Buy : 0.9808 Take profit: 0.9806
Sell: 0.9712 Take profit: 0.9677
Sell: 0.9673 Take profit: 0.9635
For the dollar / yen pair, the key levels on the scale are : 109.58, 108.72, 108.17, 107.27, 106.56, 106.10 and 105.15. Here, we are following the development of the downward structure of March 25. At the moment, the price is in correction. The continuation of movement to the bottom is expected after the breakdown of the level of 107.27. In this case, the target is 106.56. Price consolidation is in the range of 106.56 - 106.10. For the potential value for the bottom, we consider the level of 105.15. Upon reaching this level, we expect a rollback to the top.
Consolidated movement is possibly in the range of 108.17 - 108.72. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 109.58. This level is a key support for the downward structure.
Main trend: the downward trend of March 25
Trading recommendations:
Buy: 108.17 Take profit: 108.70
Buy : 108.74 Take profit: 109.56
Sell: 107.25 Take profit: 106.56
Sell: 106.10 Take profit: 105.15
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.4653, 1.4498, 1.4369, 1.4246, 1.4085, 1.4017 and 1.3933. Here, the price forms the potential for the top of March 27. The continuation of the movement to the top is expected after the breakdown of the level of 1.4246. In this case, the target is 1.4369. Price consolidation is near this level. The breakdown of the level of 1.4369 will lead to the development of an upward cycle. Here, the first goal is 1.4498. For the potential value for the top, we consider the level of 1.4653. Upon reaching which, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 1.4085 - 1.4017. The breakdown of the latter value will lead to the development of a downward structure. In this case, the first target is 1.3933.
The main trend is the formation of the rising structure of March 27.
Trading recommendations:
Buy: 1.4248 Take profit: 1.4367
Buy : 1.4371 Take profit: 1.4498
Sell: 1.4085 Take profit: 1.4018
Sell: 1.4015 Take profit: 1.3935
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6596, 0.6511, 0.6352, 0.6241, 0.6031, 0.5935 and 0.5779. Here, we are following the development of the upward cycle of March 19. At the moment, we expect a movement to the level of 0.6241. Short-term downward movement, as well as consolidation is in the range of 0.6241 - 0.6352. The breakdown of the level of 0.6352 will lead to a pronounced upward movement. Here, the potential target is 0.6595. Price consolidation is in the range of 0.6595 - 0.6511.
Short-term downward movement is possibly in the range of 0.6031 - 0.5935. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.5779. This level is a key support for the top.
The main trend is the upward structure of March 19
Trading recommendations:
Buy: 0.6241 Take profit: 0.6350
Buy: 0.6354 Take profit: 0.6511
Sell : 0.6030 Take profit : 0.5935
Sell: 0.5933 Take profit: 0.5780
For the euro / yen pair, the key levels on the H1 scale are: 121.07, 119.67, 118.74, 117.95, 117.12, 116.48, 115.23 and 114.05. Here, we are following the development of the descending structure of March 25. The continuation of the movement to the bottom is expected after the price passes the noise range 117.12 - 116.48. In this case, the target is 115.23. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 114.05. Upon reaching which, we expect a pullback to the top.
Short-term upward movement is possibly in the range of 117.95 - 118.74. The breakdown of the last value will lead to an in-depth correction. Here, the target is 119.67. This level is a key support for the downward structure.
The main trend is the descending structure of March 25
Trading recommendations:
Buy: 117.95 Take profit: 118.72
Buy: 118.76 Take profit: 119.65
Sell: 116.45 Take profit: 115.25
Sell: 115.20 Take profit: 114.05
For the pound / yen pair, the key levels on the H1 scale are : 140.54, 138.12, 136.99, 134.93, 133.59, 131.58, 129.78 and 127.47. Here, we are following the development of the upward cycle of March 18. Short-term upward movement is expected in the range of 133.59 - 134.93. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 136.99. Price consolidation is in the range of 136.99 - 138.12. For the potential value for the top, we consider the level of 140.54. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 131.58 - 129.78. The breakdown of the latter value will lead to in-depth movement. Here, the target is 127.47. This level is a key support for the upward structure.
The main trend is the upward cycle of March 18
Trading recommendations:
Buy: 133.60 Take profit: 134.90
Buy: 134.95 Take profit: 136.99
Sell: 131.58 Take profit: 129.80
Sell: 129.70 Take profit: 127.50
