Forecast for April 10:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1123, 1.1070, 1.1031, 1.0971, 1.0951, 1.0904, 1.0876 and 1.0826. Here, we are following the development of the ascendant structure of April 6. The continuation of the movement to the top is expected after the price passes the noise range 1.0951 – 1.0971. In this case, the target is 1.1031. Short-term upward movement, as well as consolidation is in the range of 1.1031 – 1.1070. For the potential value for the top, the level of 1.1123 can be considered. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 1.0904 – 1.0876. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.0826. This level is a key support for the upward structure.
The main trend is the development of the rising structure of April 6.
Trading recommendations:
- Buy: 1.0971 Take profit: 1.1030
- Buy: 1.1033 Take profit: 1.1068
- Sell: 1.0904 Take profit: 1.0877
- Sell: 1.0874 Take profit: 1.0830
For the pound / dollar pair, the key levels on the H1 scale are: 1.2694, 1.2609, 1.2550, 1.2467, 1.2411, 1.2317, 1.2248, 1.2158 and 1.2003. Here, the price registered a local upward structure from April 7 to continue the development of the main trend. The continuation of the movement to the top is expected after the price passes the noise range 1.2411 – 1.2467. In this case, the target is 1.2550. Short-term upward movement, as well as consolidation is in the range of 1.2550 – 1.2609. For the potential value for the top, we consider the level of 1.2694. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 1.2317 – 1.2248. The breakdown of the latter value will lead to the formation of a downward structure. In this case, the first target is 1.2158. For the potential value for the bottom, we consider the level of 1.2003. The movement to which is expected after the breakdown of the level of 1.2155.
The main trend is the local upward structure of April 7
Trading recommendations:
- Buy: 1.2468 Take profit: 1.2550
- Buy: 1.2610 Take profit: 1.2694
- Sell: 1.2317 Take profit: 1.2250
- Sell: 1.2246 Take profit: 1.2158
For the dollar / franc pair, the key levels on the H1 scale are: 0.9729, 0.9701, 0.9679, 0.9644, 0.9599, 0.9569 and 0.9530. Here, we are following the development of the descending structure of April 6. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9644. In this case, the target is 0.9599. Short-term downward movement, as well as consolidation is in the range of 0.9599 – 0.9569. For the potential value for the bottom, the level of 0.9530 can be considered. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is expected in the range of 0.9679 – 0.9701. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.9729. This level is a key support for the downward structure.
The main trend is the descending structure of April 6.
Trading recommendations:
- Buy : 0.9680 Take profit: 0.9700
- Buy : 0.9703 Take profit: 0.9727
- Sell: 0.9642 Take profit: 0.9600
- Sell: 0.9597 Take profit: 0.9573
For the dollar / yen pair, the key levels on the scale are : 111.11, 110.45, 109.99, 109.32, 108.70, 108.17, 107.58 and 106.88. Here, we are following the formation of the ascending structure of April 1. The continuation of the movement to the top is expected after the breakdown of the level of 109.32. In this case, the target is 109.99. Upon reaching this level, a short-term upward movement, as well as consolidation in the range of 109.99 – 110.45 is expected. For the potential value for the top, we consider the level of 111.11. Upon reaching this level, a pullback to the bottom is expected.
Short-term downward movement is possibly in the range of 108.70 – 108.17. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 107.58. This level is a key support for the upward structure.
The main trend: the downward structure of March 25, the formation of potential for the top of April 1.
Trading recommendations:
- Buy: 109.32 Take profit: 109.97
- Buy : 110.00 Take profit: 110.45
- Sell: 108.15 Take profit: 107.65
- Sell: 107.50 Take profit: 106.90
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.4220, 1.4147, 1.4090, 1.3933, 1.3883, 1.3760 and 1.3670. Here, the subsequent targets on the H1 scale can be determined from the descending structure on March 31. The continuation of movement to the bottom is expected after the price passes the noise range of 1.3933 – 1.3883. In this case, the target is 1.3760. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 1.3670. Upon reaching which, a pullback to the top is expected.
Short-term upward movement is possibly in the range of 1.4090 – 1.4147. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.4220. This level is a key support for the downward cycle.
The main trend is the downward cycle of March 31.
Trading recommendations:
- Buy: 1.4090 Take profit: 1.4145
- Buy : 1.4150 Take profit: 1.4220
- Sell: 1.3883 Take profit: 1.3764
- Sell: 1.3760 Take profit: 1.3670
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6582, 0.6528, 0.6443, 0.6383, 0.6289, 0.6224 and 0.6144. Here, we determine the subsequent goals for the top from the local ascending structure on April 3. Short-term upward movement is possibly in the range of 0.6383 – 0.6443. The breakdown of the latter value will lead to a pronounced upward movement. Here, the target is 0.6528. For the potential value for the upward trend, the level of 0.6582 is considered. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is possibly in the range of 0.6289 – 0.6224. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.6144. This level is a key support for the top.
The main trend is the local ascending structure of April 3.
Trading recommendations:
- Buy: 0.6383 Take profit: 0.6440
- Buy: 0.6445 Take profit: 0.6528
- Sell : 0.6289 Take profit : 0.6230
- Sell: 0.6220 Take profit: 0.6145
For the euro / yen pair, the key levels on the H1 scale are: 121.07, 120.30, 119.76, 119.05, 117.83, 117.28, 116.35 and 115.23. Here, we are following the initial conditions for the upward cycle of April 2. The continuation of the movement to the top is expected after the breakdown of the level of 119.05. In this case, the target is 119.76. Short-term upward movement, as well as consolidation is in the range of 119.76 – 120.30. We consider the level 121.07 to be a potential value for the upward trend. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 117.83 – 117.28. The breakdown of the latter value will lead to the development of a downward trend. Here, the goal is 116.35. For the potential value for the bottom, we consider the level of 115.23. The movement to which is expected after the breakdown of the level of 116.30.
The main trend is the initial conditions for the top of April 2.
Trading recommendations:
- Buy: 119.05 Take profit: 119.76
- Buy: 119.78 Take profit: 120.30
- Sell: 117.83 Take profit: 117.30
- Sell: 117.25 Take profit: 116.50
For the pound / yen pair, the key levels on the H1 scale are : 137.93, 137.49, 136.66, 135.86, 134.61, 133.93, 133.37 and 132.29. Here, we determine the subsequent goals for the top from the local ascending structure on April 3. The continuation of the development of the upward trend is expected after the breakdown of the level of 135.86. In this case, the target is 136.66, price consolidation is near this level. The breakdown of the level of 136.66 should be accompanied by a pronounced upward movement. Here, the target is 137.93. Price consolidation is in the range of 137.93 – 137.49, and from here, a reversal in correction is expected.
Short-term downward movement is possibly in the range of 134.61 – 133.93. The range of 133.93 – 133.37 is the key support for the upward structure from April 3, its passage at the price will lead to the formation of a downward structure. In this case, the potential target is 132.29.
The main trend is the local ascending structure of April 3.
Trading recommendations:
- Buy: 135.86 Take profit: 136.60
- Buy: 136.70 Take profit: 137.49
- Sell: 134.60 Take profit: 134.00
- Sell: 133.90 Take profit: 133.40
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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