empty
 
 
19.08.2019 03:32 AM
Fractal analysis of the main currency pairs on August 19

Forecast for August 19 :

Analytical review of currency pairs on the scale of H1:

This image is no longer relevant

For the euro / dollar pair, the key levels on the H1 scale are: 1.1124, 1.1102, 1.1073, 1.1062, 1.1032 and 1.1011. Here, we are following the development of the downward structure of August 13. Short-term movement to the bottom is expected in the range of 1.1073 - 1.1062. The breakdown of the latter value will lead to a pronounced movement. Here, the goal is 1.1032. Price consolidation is near this level and hence, the likelihood of a correction. For the potential value for the downward trend, we consider the level of 1.1032.

Short-term upward movement is possibly in the range of 1.1088 - 1.1102. The breakdown of the last value will lead to a long correction. Here, the target is 1.1124. This level is a key support for the downward structure.

The main trend is the downward cycle of August 13.

Trading recommendations:

Buy 1.1088 Take profit: 1.1100

Buy 1.1105 Take profit: 1.1122

Sell: 1.1060 Take profit: 1.1035

Sell: 1.1030 Take profit: 1.1011

This image is no longer relevant

For the pound / dollar pair, the key levels on the H1 scale are: 1.2245, 1.2224, 1.2191, 1.2169, 1.2135, 1.2117 and 1.2081. Here, we follow the development of the ascending cycle of August 12. Short-term upward movement is expected in the range of 1.2169 - 1.2191. The breakdown of the last value should be accompanied by a pronounced upward movement. In this case, the target is 1.2224. For the potential value for the top, we consider the level of 1.2245. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is possibly in the range of 1.2135 - 1.2117. The breakdown of the last value will lead to a long correction. Here, the target is 1.2081. This level is a key support for the downward structure.

The main trend is the downward cycle of July 31.

Trading recommendations:

Buy: 1.2170 Take profit: 1.2190

Buy: 1.2195 Take profit: 1.2224

Sell: 1.2135 Take profit: 1.2118

Sell: 1.2115 Take profit: 1.2081

This image is no longer relevant

For the dollar / franc pair, the key levels on the H1 scale are: 0.9949, 0.9923, 0.9883, 0.9854, 0.9816, 0.9768, 0.9745 and 0.9714. Here, we follow the ascending structure of August 13th. The continuation of the movement to the top is expected after the breakdown of the level of 0.9816. In this case, the target is 0.9854. Short-term upward movement, as well as consolidation is in the range of 0.9854 - 0.9883. The breakdown of the level of 0.9883 should be accompanied by a pronounced upward movement. Here, the target is 0.9923. For the potential value for the top, we consider the level of 0.9949. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is possibly in the range of 0.9768 - 0.9745. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.9714. This level is a key support for the top.

The main trend is the upward cycle of August 13.

Trading recommendations:

Buy : 0.9816 Take profit: 0.9854

Buy : 0.9856 Take profit: 0.9881

Sell: 0.9768 Take profit: 0.9747

Sell: 0.9743 Take profit: 0.9715

This image is no longer relevant

For the dollar / yen pair, the key levels on the scale are : 108.62, 108.14, 107.45, 106.91, 106.35, 105.94, 105.64 and 105.01. Here, we continue to monitor the ascending structure from August 12. The continuation of the movement to the top is expected after the breakdown of the level of 106.91. In this case, the target is 107.45, wherein consolidation is near this level. The breakdown of the level of 107.45 should be accompanied by a pronounced upward movement. Here, the goal is 108.14. For the potential value for the top, we consider the level of 108.62. Upon reaching which, we expect a pullback to the bottom.

The range of 105.94 - 105.64 is a key support for the top. Its passage at the price will lead to the development of a downward movement. In this case, the target is 105.01.

The main trend: building potential for the top of August 12.

Trading recommendations:

Buy: 106.91 Take profit: 107.43

Buy : 107.47 Take profit: 108.14

Sell: Take profit:

Sell: 105.62 Take profit: 105.04

This image is no longer relevant

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3445, 1.3422, 1.3385, 1.3361, 1.3329, 1.3288, 1.3265, 1.3240 and 1.3194. Here, we are following the development of the local ascendant structure of August 9. The continuation of the movement to the top is expected after the breakdown of the level of 1.3330. In this case, the target is 1.3361. Consolidation is in the range of 1.3361 - 1.3385. The breakdown of the level of 1.3385 will allow us to count on movement towards a potential target - 1.3422. Upon reaching this level, we expect consolidation in the range of 1.3422 - 1.3444, as well as a pullback to the bottom.

A short-term downward movement is possibly in the range of 1.3288 - 1.3265. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3240. This level is a key support for the top.

The main trend is the local ascending structure of August 9.

Trading recommendations:

Buy: 1.3330 Take profit: 1.3360

Buy : 1.3387 Take profit: 1.3422

Sell: 1.3288 Take profit: 1.3266

Sell: 1.3264 Take profit: 1.3240

This image is no longer relevant

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6967, 0.6922, 0.6902, 0.6869, 0.6843, 0.6803, 0.6762, 0.6733 and 0.6675. Here, we are following the development of the ascending structure of August 7, and the price has formed a small potential for the top of August 14. The continuation of the upward movement is expected after the breakdown of the level of 0.6803. In this case, the first target is 0.6843. Short-term upward movement, as well as consolidation is in the range of 0.6843 - 0.6869. The breakdown of the level of 0.6870 should be accompanied by a pronounced upward movement. Here, the target is 0.6902. Price consolidation is in the range of 0.6902 - 0.6922. For the potential value for the top, we consider the level of 0.6967. Upon reaching which, we expect a pullback to the bottom.

Meanwhile, in the range of 0.6762 - 0.6733, a consolidated movement is expected. The breakdown of the level of 0.6733 will lead to the development of a downward structure. In this case, the potential target is 0.6675.

The main trend is the ascending structure of August 7, the correction stage.

Trading recommendations:

Buy: 0.6805 Take profit: 0.6840

Buy: 0.6844 Take profit: 0.6867

Sell : Take profit :

Sell: 0.6730 Take profit: 0.6680

This image is no longer relevant

For the euro / yen pair, the key levels on the H1 scale are: 119.40, 118.65, 118.22, 117.58, 117.16 and 116.54. Here, we are following the development of local potential for the bottom of August 13. Short-term downward movement is expected in the range of 117.58 - 117.16. The breakdown of the latter value will allow us to expect movement to a potential target - 116.54. Consolidation is near this level.

Short-term upward movement is expected in the range of 118.22 - 118.65. The breakdown of the last value will have the formation of an ascending structure for the top. Here, the first goal is 119.40.

The main trend is the formation of a local descending structure of August 13.

Trading recommendations:

Buy: 118.22 Take profit: 118.62

Buy: 118.70 Take profit: 119.40

Sell: 117.56 Take profit: 117.18

Sell: 117.14 Take profit: 116.55

This image is no longer relevant

For the pound / yen pair, the key levels on the H1 scale are : 132.17, 131.23, 130.57, 129.66, 127.94, 127.33, 126.48 and 125.57. Here, we follow the development of the ascending structure of August 12. Short-term upward movement is expected in the range of 129.00 - 129.66. The breakdown of the last value will lead to a pronounced upward movement. Here, the target is 130.57. Short-term upward movement, as well as consolidation is in the range of 130.57 - 131.23. For the potential value for the top, we consider the level of 132.17. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is possibly in the range of 127.94 - 127.33. The breakdown of the latter value will favor the development of a downward structure. Here, the first goal is 126.48. As a potential value, we consider the level of 125.57.

The main trend is building potential for the top of August 12.

Trading recommendations:

Buy: 129.67 Take profit: 130.55

Buy: 130.60 Take profit: 131.20

Sell: 127.30 Take profit: 126.50

Sell: 126.44 Take profit: 125.60

Daichi Takahashi,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback