Tag: forex analysis

Fractal analysis of major currency pairs on June 27

Forecast for June 27:

Analytical review of H1-scale currency pairs:

analytics5d1417c8e2a14.png

For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. The continuation of the movement to the top, is expected after the passage of the price of the noise range 1.1388 – 1.1404. In this case, the target is 1.1428, wherein consolidation is near this level. For the potential value for the top, we consider the level of 1.1452. After reaching which, we expect a departure to the correction.

Short-term downward movement is possible in the range of 1.1353 – 1.1334. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1305. This level is a key support for the top.

The main trend is the upward structure of June 18, the stage of correction.

Trading recommendations:

Buy 1.1405 Take profit: 1.1428

Buy 1.1430 Take profit: 1.1452

Sell: 1.1353 Take profit: 1.1335

Sell: 1.1332 Take profit: 1.1305

analytics5d1417e4111f3.png

For the pound / dollar pair, the key levels on the H1 scale are: 1.2906, 1.2842, 1.2798, 1.2745, 1.2668, 1.2636 and 1.2608. Here, we are following the development of the ascending structure of June 18. We expect a continuation of the upward movement after the breakdown of the level of 1.2745. In this case, the first target is 1.2798. Short-term upward movement is possible in the range 1.2798 – 1.2842. The breakdown of the latter value will lead to movement to the potential target – 1.2906. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is expected in the range of 1.2668 – 1.2636. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2608. This level is a key support for the top.

The main trend is the ascending structure of June 18.

Trading recommendations:

Buy: 1.2745 Take profit: 1.2798

Buy: 1.2800 Take profit: 1.2842

Sell: 1.2668 Take profit: 1.2636

Sell: 1.2634 Take profit: 1.2608

analytics5d141824f0dce.png

For the dollar / franc pair, the key levels on the H1 scale are: 0.9847, 0.9824, 0.9769, 0.9738, 0.9688 and 0.9651. Here, we are following the development of the downward cycle of June 19. At the moment, the price is in the correction zone. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9688. Here, the potential target is 0.9651. From the range of 0.9688 – 0.9651, we expect to go to the correction zone.

Consolidated movement is possible in the range of 0.9738 – 0.9769. The breakdown of the latter value will lead to the development of a protracted correction. Here, the goal is 0.9824. The range 0.9824 – 0.9847 is a key support for the downward structure. Before it, we expect the initial conditions for the upward cycle.

The main trend is the downward cycle of June 19, the stage of correction.

Trading recommendations:

Buy : 0.9738 Take profit: 0.9767

Buy : 0.9773 Take profit: 0.9824

Sell: Take profit:

Sell: 0.9686 Take profit: 0.9653

analytics5d14183f5c26f.png

For the dollar / yen pair, the key levels on the scale are : 108.12, 107.77, 107.15, 106.65, 106.35 and 105.94. Here, the price is in deep correction and forms the potential for the top of June 25. The expected initial conditions for the top are expected to level 108.12. The continuation of the movement to the bottom is expected after the breakdown of the level of 107.15. Here, the target is 106.65. The breakdown of which, in turn, will allow us to count on the movement to the level 106.35, where consolidation is near this value. For now, the potential value for the bottom, we considered the level of 105.94. After reaching which, we expect to go into correction.

The main trend: the downward cycle of June 17, the stage of deep correction.

Trading recommendations:

Buy: 107.78 Take profit: 108.10

Sell: 107.15 Take profit: 106.67

Sell: 106.62 Take profit: 106.37

analytics5d14189353639.png

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3235, 1.3208, 1.3162, 1.3137, 1.3104, 1.3069, 1.3027 and 1.3001. Here, the next targets for the downward movement we determined from the local structure on June 25th. Short-term movement to the bottom is expected in the range of 1.3104 – 1.3069. The breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the target is 1.3027. Consolidation is in the range of 1.3027 – 1.3001.

Short-term upward trend is possible in the range of 1.3137 – 1.3162. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3208. Before the noise range of 1.3208 – 1.3235, we expect clearance of the expressed initial conditions for the upward cycle.

The main trend is a local downward structure from June 25.

Trading recommendations:

Buy: 1.3137 Take profit: 1.3162

Buy : 1.3164 Take profit: 1.3208

Sell: 1.3104 Take profit: 1.3070

Sell: 1.3067 Take profit: 1.3027

analytics5d1418ae751c0.png

For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.7097, 0.7077, 0.7039, 0.7012, 0.6972, 0.6954 and 0.6927. Here, we are following the development of the ascending structure of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 0.7012. In this case, the goal is 0.7039, near this level is a price consolidation. The breakdown of the level of 0.7040 must be accompanied by a pronounced upward movement. Here, the goal is 0.7077. For the potential value for the top, we consider the level of 0.7097. Upon reaching this level, we expect a consolidated movement in the range of of 0.7077 – 0.7097, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.6972 – 0.6954. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.6927. This level is a key support for the top.

The main trend is the upward structure on June 18.

Trading recommendations:

Buy: 0.7012 Take profit: 0.7037

Buy: 0.7041 Take profit: 0.7077

Sell : 0.6972 Take profit : 0.6955

Sell: 0.6952 Take profit: 0.6930

analytics5d1418fab0a2d.png

For the euro / yen pair, the key levels on the H1 scale are: 123.73, 123.49, 123.11, 122.82, 122.31, 122.08 and 121.74. Here, we clarified the key objectives for the ascending structure of June 21. The continuation of the movement to the top is expected after the breakdown of the level of 122.82. In this case, the goal is 123.11, near this level is a price consolidation. The breakdown of the level of 123.11 should be accompanied by a pronounced upward movement to the level of 123.49. We consider the level 123.73 to be a potential value for the top. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Short-term downward movement is expected in the corridor 122.31 – 122.08. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 121.74. This level is a key support for the upward structure.

The main trend is the ascending structure of June 21.

Trading recommendations:

Buy: 122.82 Take profit: 123.10

Buy: 123.14 Take profit: 123.49

Sell: 122.30 Take profit: 122.10

Sell: 122.06 Take profit: 121.76

analytics5d14191639461.png

For the pound / yen pair, the key levels on the H1 scale are : 138.04, 137.60, 137.30, 136.92, 136.09, 135.77 and 135.32. Here, we continue to monitor the formation of the potential for the top of June 18. The continuation of the movement to the top, is expected after the breakdown of 136.92. In this case, the first goal is 137.30. Short-term upward movement, as well as consolidation is in the corridor 137.30 – 137.60. For the potential value for the top, we consider the level of 138.04. The movement to which is expected after the breakdown of the level of 137.60.

Short-term downward movement is possible in the range of 136.09 – 135.77. The breakdown of the latter value will have to the formation of a downward structure. Here, the potential target is 135.32.

The main trend – the formation of potential for the top of June 18.

Trading recommendations:

Buy: 136.92 Take profit: 137.30

Buy: 137.32 Take profit: 137.60

Sell: 136.09 Take profit: 135.77

Sell: 135.76 Take profit: 135.34

The material has been provided by InstaForex Company – www.instaforex.com

Fractal analysis of major currency pairs on June 27

Forecast for June 27:

Analytical review of H1-scale currency pairs:

analytics5d1417c8e2a14.png

For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. The continuation of the movement to the top, is expected after the passage of the price of the noise range 1.1388 – 1.1404. In this case, the target is 1.1428, wherein consolidation is near this level. For the potential value for the top, we consider the level of 1.1452. After reaching which, we expect a departure to the correction.

Short-term downward movement is possible in the range of 1.1353 – 1.1334. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1305. This level is a key support for the top.

The main trend is the upward structure of June 18, the stage of correction.

Trading recommendations:

Buy 1.1405 Take profit: 1.1428

Buy 1.1430 Take profit: 1.1452

Sell: 1.1353 Take profit: 1.1335

Sell: 1.1332 Take profit: 1.1305

analytics5d1417e4111f3.png

For the pound / dollar pair, the key levels on the H1 scale are: 1.2906, 1.2842, 1.2798, 1.2745, 1.2668, 1.2636 and 1.2608. Here, we are following the development of the ascending structure of June 18. We expect a continuation of the upward movement after the breakdown of the level of 1.2745. In this case, the first target is 1.2798. Short-term upward movement is possible in the range 1.2798 – 1.2842. The breakdown of the latter value will lead to movement to the potential target – 1.2906. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is expected in the range of 1.2668 – 1.2636. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2608. This level is a key support for the top.

The main trend is the ascending structure of June 18.

Trading recommendations:

Buy: 1.2745 Take profit: 1.2798

Buy: 1.2800 Take profit: 1.2842

Sell: 1.2668 Take profit: 1.2636

Sell: 1.2634 Take profit: 1.2608

analytics5d141824f0dce.png

For the dollar / franc pair, the key levels on the H1 scale are: 0.9847, 0.9824, 0.9769, 0.9738, 0.9688 and 0.9651. Here, we are following the development of the downward cycle of June 19. At the moment, the price is in the correction zone. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9688. Here, the potential target is 0.9651. From the range of 0.9688 – 0.9651, we expect to go to the correction zone.

Consolidated movement is possible in the range of 0.9738 – 0.9769. The breakdown of the latter value will lead to the development of a protracted correction. Here, the goal is 0.9824. The range 0.9824 – 0.9847 is a key support for the downward structure. Before it, we expect the initial conditions for the upward cycle.

The main trend is the downward cycle of June 19, the stage of correction.

Trading recommendations:

Buy : 0.9738 Take profit: 0.9767

Buy : 0.9773 Take profit: 0.9824

Sell: Take profit:

Sell: 0.9686 Take profit: 0.9653

analytics5d14183f5c26f.png

For the dollar / yen pair, the key levels on the scale are : 108.12, 107.77, 107.15, 106.65, 106.35 and 105.94. Here, the price is in deep correction and forms the potential for the top of June 25. The expected initial conditions for the top are expected to level 108.12. The continuation of the movement to the bottom is expected after the breakdown of the level of 107.15. Here, the target is 106.65. The breakdown of which, in turn, will allow us to count on the movement to the level 106.35, where consolidation is near this value. For now, the potential value for the bottom, we considered the level of 105.94. After reaching which, we expect to go into correction.

The main trend: the downward cycle of June 17, the stage of deep correction.

Trading recommendations:

Buy: 107.78 Take profit: 108.10

Sell: 107.15 Take profit: 106.67

Sell: 106.62 Take profit: 106.37

analytics5d14189353639.png

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3235, 1.3208, 1.3162, 1.3137, 1.3104, 1.3069, 1.3027 and 1.3001. Here, the next targets for the downward movement we determined from the local structure on June 25th. Short-term movement to the bottom is expected in the range of 1.3104 – 1.3069. The breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the target is 1.3027. Consolidation is in the range of 1.3027 – 1.3001.

Short-term upward trend is possible in the range of 1.3137 – 1.3162. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3208. Before the noise range of 1.3208 – 1.3235, we expect clearance of the expressed initial conditions for the upward cycle.

The main trend is a local downward structure from June 25.

Trading recommendations:

Buy: 1.3137 Take profit: 1.3162

Buy : 1.3164 Take profit: 1.3208

Sell: 1.3104 Take profit: 1.3070

Sell: 1.3067 Take profit: 1.3027

analytics5d1418ae751c0.png

For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.7097, 0.7077, 0.7039, 0.7012, 0.6972, 0.6954 and 0.6927. Here, we are following the development of the ascending structure of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 0.7012. In this case, the goal is 0.7039, near this level is a price consolidation. The breakdown of the level of 0.7040 must be accompanied by a pronounced upward movement. Here, the goal is 0.7077. For the potential value for the top, we consider the level of 0.7097. Upon reaching this level, we expect a consolidated movement in the range of of 0.7077 – 0.7097, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.6972 – 0.6954. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.6927. This level is a key support for the top.

The main trend is the upward structure on June 18.

Trading recommendations:

Buy: 0.7012 Take profit: 0.7037

Buy: 0.7041 Take profit: 0.7077

Sell : 0.6972 Take profit : 0.6955

Sell: 0.6952 Take profit: 0.6930

analytics5d1418fab0a2d.png

For the euro / yen pair, the key levels on the H1 scale are: 123.73, 123.49, 123.11, 122.82, 122.31, 122.08 and 121.74. Here, we clarified the key objectives for the ascending structure of June 21. The continuation of the movement to the top is expected after the breakdown of the level of 122.82. In this case, the goal is 123.11, near this level is a price consolidation. The breakdown of the level of 123.11 should be accompanied by a pronounced upward movement to the level of 123.49. We consider the level 123.73 to be a potential value for the top. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Short-term downward movement is expected in the corridor 122.31 – 122.08. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 121.74. This level is a key support for the upward structure.

The main trend is the ascending structure of June 21.

Trading recommendations:

Buy: 122.82 Take profit: 123.10

Buy: 123.14 Take profit: 123.49

Sell: 122.30 Take profit: 122.10

Sell: 122.06 Take profit: 121.76

analytics5d14191639461.png

For the pound / yen pair, the key levels on the H1 scale are : 138.04, 137.60, 137.30, 136.92, 136.09, 135.77 and 135.32. Here, we continue to monitor the formation of the potential for the top of June 18. The continuation of the movement to the top, is expected after the breakdown of 136.92. In this case, the first goal is 137.30. Short-term upward movement, as well as consolidation is in the corridor 137.30 – 137.60. For the potential value for the top, we consider the level of 138.04. The movement to which is expected after the breakdown of the level of 137.60.

Short-term downward movement is possible in the range of 136.09 – 135.77. The breakdown of the latter value will have to the formation of a downward structure. Here, the potential target is 135.32.

The main trend – the formation of potential for the top of June 18.

Trading recommendations:

Buy: 136.92 Take profit: 137.30

Buy: 137.32 Take profit: 137.60

Sell: 136.09 Take profit: 135.77

Sell: 135.76 Take profit: 135.34

The material has been provided by InstaForex Company – www.instaforex.com

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