Forecast for August 24:

Analytical overview of currency pairs on the H1 scale:

The key levels for the euro / dollar pair on the H1 scale are: 1.1884, 1.1846, 1.1824, 1.1775, 1.1749, 1.1729, 1.1695 and 1.1641. Here, we are following the development of a downward cycle from August 18. A short-term downward movement is expected in the range of 1.1775 - 1.1749. The price passing through the noise range 1.1749 - 1.1729 should be accompanied by a pronounced downward movement to the level of 1.1695, near which consolidation is possible. For the potential value for the bottom, we consider the level of 1.1641. Upon reaching this level, we expect an upward pullback.

A short-term upward movement is possible in the range of 1.1824 - 1.1846. The breakdown of the last value will lead to a deep correction. Here, the target is 1.1884. This is a key support level for the downward structure from August 18.

The main trend is the formation of a descending structure from August 18

Trading recommendations:

Buy: 1.1824 Take profit: 1.1844

Buy: 1.1848 Take profit: 1.1884

Sell: 1.1775 Take profit: 1.1749

Sell: 1.1729 Take profit: 1.1695

The key levels for the pound / dollar pair on the H1 scale are: 1.3255, 1.3182, 1.3140, 1.3112, 1.3052, 1.2992, 1.2922 and 1.2873. Here, we are following the local downward structure from August 21st. The continuation of the downward movement is expected after the breakdown of the level of 1.3052. In this case, the target is 1.2992. There is consolidation near this level. The breakdown of the level of 1.2992 will lead to a pronounced downward movement. Here, the target is 1.2922. For the potential value for the bottom, we consider the level of 1.2873. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 1.3112 - 1.3140. The breakdown of the last value will lead to a deep correction. Here, the target is 1.3182. This is a key support level for the downward structure.

The main trend is the local descending structure of August 21

Trading recommendations:

Buy: 1.3112 Take profit: 1.3140

Buy: 1.3142 Take profit: 1.3180

Sell: 1.3052 Take profit: 1.2994

Sell: 1.2990 Take profit: 1.2924

The key levels for the dollar / franc pair on the H1 scale are: 0.9278, 0.9221, 0.9199, 0.9169, 0.9142, 0.9088, 0.9065 and 0.9045. Here, we are following the formation of the August 18 upward structure. A short-term upward movement is expected in the range of 0.9142 - 0.9169. The breakdown of the last value will lead to movement to the level of 0.9199. A short-term upward movement, as well as consolidation are in the range of 0.9199 - 0.9221. We consider the level of 0.9278 as a potential value for the top; upon reaching this level, we expect a downward pullback.

A short-term downward movement is possible in the range of 0.9088 - 0.9065. The level of 0.9045 is the key support for the top and the price passing this level will encourage the development of a downward trend. In this case, the potential target is 0.9007.

The main trend is the formation of an upward structure from August 18

Trading recommendations:

Buy : 0.9142 Take profit: 0.9169

Buy : 0.9171 Take profit: 0.9199

Sell: 0.9088 Take profit: 0.9065

Sell: 0.9064 Take profit: 0.9046

The key levels for the dollar / yen pair on the scale are: 107.25, 106.96, 106.57, 106.26, 105.92, 105.53, 105.39 and 105.12. Here, the price is forming a potential for the upward cycle of August 19. We expect the upward movement to resume after the breakdown of the level of 105.92. In this case, the first target is 106.26. The breakdown of which, in turn, will allow us to count on the movement to 106.57. There is consolidation near this level. If the price passes the level of 106.58, it will lead to a pronounced upward movement. Here, the target is 106.96. For the potential value for the top, we consider the level - 107.25. Upon reaching which, we expect consolidation, as well as a downward pullback.

The range of 105.53 - 105.39 is the key support for the top and the price passing this range will lead to the development of a downward structure. In this case, the first potential target is 105.12.

The key trend is building up potential by August 19

Trading recommendations:

Buy: 105.92 Take profit: 106.25

Buy : 106.27 Take profit: 106.55

Sell: 105.53 Take profit: 105.40

Sell: 105.39 Take profit: 105.12

The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3282, 1.3239, 1.3204, 1.3143, 1.3096, 1.3061 and 1.3006. Here, we are following the development of the downward structure from August 7th. At the moment, the price is in a correction. The continuation of the downward movement is expected after the breakdown of the level of 1.3143. Here, the target is 1.3096. Price consolidation is in the range of 1.3096 - 1.3061. We consider the level of 1.3006 as a potential value for the bottom. Upon reaching which, we expect consolidation, as well as an upward pullback.

A consolidated movement is possible in the range of 1.3204 - 1.3239. The breakout of the last value will lead to a deep correction. Here, the target is 1.3282. This is the key support level for the downward structure.

The main trend is the descending structure from August 7, the stage of correction

Trading recommendations:

Buy: 1.3204 Take profit: 1.3237

Buy : 1.3240 Take profit: 1.3282

Sell: 1.3142 Take profit: 1.3096

Sell: 1.3094 Take profit: 1.3061

The key levels for the Australian dollar / US dollar pair on the H1 scale are : 0.7240, 0.7218, 0.7201, 0.7160, 0.7143, 0.7106, 0.7083 and 0.7045. Here, we are watching the formation of potential for the downward cycle of August 19. A short-term downward movement is expected in the range of 0.7160 - 0.7143. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 0.7106. There is a short-term downward movement, as well as consolidation in the range of 0.7106 - 0.7083. For the potential value for the bottom, we consider the level of 0.7045. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is expected in the range of 0.7201 - 0.7218. The breakdown of the last value will lead to a deep correction. Here, the target is 0.7240. This is the key support level for the downward structure from August 19 and the price passing this level will encourage the formation of initial conditions for an upward cycle. In this case, the target is 0.7278.

The main trend is the formation of a descending structure from August 19

Trading recommendations:

Buy: 0.7219 Take profit: 0.7240

Buy: 0.7242 Take profit: 0.7278

Sell : 0.7142 Take profit : 0.7108

Sell: 0.7105 Take profit: 0.7084

The key levels for the euro / yen pair on the H1 scale are: 125.49, 125.15, 124.93, 124.30, 124.06 and 123.60. Here, we are following the descending structure from August 13th. A short-term downward movement is expected in the range 124.30 - 124.06. The breakdown of the last value will lead to a pronounced movement to a potential target of 123.60. Upon reaching this level, we expect an upward pullback.

A short-term upward movement is expected in the range of 124.93 - 125.15. The breakdown of the last value will lead to a deep correction. Here, the target is 125.49. This is a key support level for a downward structure and its breakdown will encourage the development of an upward trend.

The main trend is the descending structure from August 13

Trading recommendations:

Buy: 124.93 Take profit: 125.15

Buy: 125.17 Take profit: 125.49

Sell: 124.30 Take profit: 124.08

Sell: 124.04 Take profit: 123.60

The key levels for the pound / yen pair on the H1 scale are : 139.33, 138.96, 138.74, 138.26, 137.77, 137.17 and 136.74. Here, we are following the local downward structure from August 21st. The continuation of the downward movement is expected after the breakdown of the level of 138.26. In this case, the target is 137.77. There is consolidation near this level. The breakdown of 137.75 will lead to the development of a pronounced downward movement. Here, the target is 137.17. For the potential value for the bottom, we consider the level of 136.74. Upon reaching which, we expect an upward pullback.

A short-term upward movement is possible in the range of 138.74 - 138.96. The breakdown of the last value will lead to a deep correction. Here, the target is 139.33. This is a key support level for the downward structure.

The main trend is the local descending structure of August 21

Trading recommendations:

Buy: 138.74 Take profit: 138.95

Buy: 138.98 Take profit: 139.30

Sell: 138.24 Take profit: 137.80

Sell: 137.75 Take profit: 137.20