Forecast for March 23:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1047, 1.0988, 1.0942, 1.0881, 1.0833, 1.0718 and 1.0648. Here, we expect the correctional zone to move away from the downward structure. Short-term upward movement is expected in the range of 1.0833 – 1.0881.
The breakdown of the latter value will allow us to expect movement to the level of 1.0942. Price consolidation is in the range of 1.0942 – 1.0988. For the potential value for the top, we consider the level of 1.1047. Upon reaching which, we expect a pullback to the bottom.
Short-term downward movement is expected in the range of 1.0718 – 1.0648.
The main trend is a descending cycle of March 9, we expect a correction
Trading recommendations:
- Buy: 1.0833 Take profit: 1.0880
- Buy: 1.0882 Take profit: 1.0942
- Sell: 1.0718 Take profit: 1.0650
- Sell: Take profit:
For the pound / dollar pair, the key levels on the H1 scale are: 1.2378, 1.2261, 1.2078, 1.1920, 1.1521 and 1.1399. Here, we are following the formation of the initial conditions for the upward cycle of March 19. The continuation of the movement to the top is expected after the breakdown of the level of 1.1920. In this case, the target is 1.2078. Price consolidation is near this level.
The breakdown of the level of 1.2080 will lead to a pronounced movement. In this case, the target is 1.2261. For the potential value for the top, we consider the level of 1.2378, upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is expected in the range of 1.1521 – 1.1399.
The main trend is the formation of initial conditions for the top of March 19
Trading recommendations:
- Buy: 1.1920 Take profit: 1.2076
- Buy: 1.2080 Take profit: 1.2260
- Sell: 1.1520 Take profit: 1.1400
- Sell: Take profit:
For the dollar / franc pair, the key levels on the H1 scale are: 1.00 23, 0.9914, 0.9843, 0.9739, 0.9682 and 0.9579. Here, we are following the development of the upward cycle of March 9. At the moment, we are expecting movement in correction. The continuation of the movement to the top is expected after the breakdown of the level of 0.9843. In this case, the target is 0.9914. Price consolidation is near this level. For the potential value for the top, we consider the level of 1.0023. Upon reaching which, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 0.9739 – 0.9682. The breakdown of the latter value will lead to an in-depth correction. Here, the goal is 0.9579. We expect the expressed initial conditions to formulate for the downward cycle to this level.
The main trend is the upward cycle of March 9, we expect the development of correction
Trading recommendations:
- Buy : 0.9845 Take profit: 0.9914
- Buy : 0.9916 Take profit: 1.0020
- Sell: 0.9739 Take profit: 0.9682
- Sell: 0.9680 Take profit: 0.9580
For the dollar / yen pair, the key levels on the scale are : 112.85, 111.11, 110.31, 108.80. 108.00 and 106.60. Here, we are following the development of the upward cycle of March 9. Short-term upward movement is expected in the range of 110.31 – 111.11. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the potential target is 112.85. When this level is reached, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 108.80 – 108.00. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 106.60. This level is a key support for the top.
Main trend: upward cycle of March 9
Trading recommendations:
- Buy: 110.31 Take profit: 111.10
- Buy : 111.20 Take profit: 112.85
- Sell: 108.80 Take profit: 108.00
- Sell: 107.98 Take profit: 106.60
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.4672, 1.4552, 1.4478, 1.4269, 1.4119, 1.3956, 1.3747 and 1.3615. Here, we are following the formation of the descending structure of March 19. The continuation of movement to the bottom is expected after the breakdown of the level of 1.4269. In this case, the target is 1.4119. Price consolidation is near this level.
The breakdown of the level of 1.4119 will begin the development of the downward cycle of March 19. Here, the first goal is 1.3956. The breakdown of the level of 1.3956 will lead to a pronounced movement. Here, the target is 1.3747. For the potential value for the bottom, we consider the level of 1.3615. Upon reaching which, we expect consolidation, as well as a rollback to the top.
Short-term upward movement is possibly in the range of 1.4478 – 1.4552. The breakdown of the latter value will lead to the formation of an upward structure. Here, the potential target is 1.4672.
The main trend is the formation of the descending structure of March 19.
Trading recommendations:
- Buy: 1.4478 Take profit: 1.4550
- Buy : 1.4554 Take profit: 1.4672
- Sell: 1.4267 Take profit: 1.4120
- Sell: 1.4116 Take profit: 1.3956
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6352, 0.6241, 0.6031, 0.5831, 0.5735, 0.5620 and 0.5517. Here, we are following the formation of potential for the top of March 19. The continuation of the movement to the top is expected after the breakdown of the level of 0.6031. In this case, the target is 0.6241. We expect the formation of large initial conditions ro the level of 0.6352. Short-term upward movement, as well as consolidation is in the range of 0.6241 – 0.6352.
Consolidated movement is possibly in the range of 0.5831 – 0.5735. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.5620. This level 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 first target is 0.5517.
The main trend is the formation of potential for the top of March 19
Trading recommendations:
- Buy: 0.6031 Take profit: 0.6240
- Buy: 0.6243 Take profit: 0.6350
- Sell : 0.5733 Take profit : 0.5620
- Sell: 0.5618 Take profit: 0.5517
For the euro / yen pair, the key levels on the H1 scale are: 123.12, 122.21, 120.93, 119.85, 117.92, 117.11 and 116.27. Here, we are following the formation of the initial conditions for the upward cycle of March 12. The continuation of the movement to the top is expected after the breakdown of the level of 119.85. In this case, the target is 120.93. Price consolidation is near this level. The breakdown of the level of 120.95 will lead to the development of pronounced movement. In this case, the goal is 122.21. For the potential value for the top, we consider the level of 12312. Upon reaching this value, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 117.92 – 117.11. The latter is a key support for the upward structure and its passage at the price will lead to movement to the first potential target – 116.27. We expect the initial conditions for the downward cycle to be formed to this level.
The main trend is the formation of local initial conditions for the upward cycle of March 12
Trading recommendations:
- Buy: 119.85 Take profit: 120.90
- Buy: 120.95 Take profit: 122.20
- Sell: 177.88 Take profit: 117.15
- Sell: 117.06 Take profit: 116.28
For the pound / yen pair, the key levels on the H1 scale are : 134.93, 133.59, 131.58, 128.96, 127.47, 125.56 and 124.22. Here, we are following the formation of the initial conditions for the top of March 18. The continuation of the development of the upward trend is expected after the breakdown of the level of 131.58. In this case, the target is 133.59. For the potential value for the top, we consider the level of 134.93. Upon reaching which, we expect consolidation.
Consolidated movement is possibly in the range of 128.96 – 127.47. The breakdown of the latter value will lead to in-depth movement. Here, the target is 125.56. This level is a key support for the upward structure. Its passage at the price will lead to the development of a downward movement. In this case, the first goal is 124.22.
The main trend is the formation of initial conditions for the top of March 18
Trading recommendations:
- Buy: 131.60 Take profit: 133.55
- Buy: 133.60 Take profit: 134.90
- Sell: 128.94 Take profit: 127.50
- Sell: 127.44 Take profit: 125.60
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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