Forecast for April 15:

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, 1.0994, 1.0951, 1.0922 and 1.0880. Here, we are following the development of the rising structure of April 6. The continuation of the movement to the top is expected after the breakdown of the level of 1.0994. In this case, the target is 1.1031, the breakdown of which will lead to the movement to the level of 1.1070. There is a high probability of the development of the corrective movement from this leve. For the potential value for the top, we consider the level of 1.1123. Upon reaching which, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 1.0951 – 1.0922. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.0880. 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: 1.0994 Take profit: 1.1030
  • Buy: 1.1033 Take profit: 1.1068
  • Sell: 1.0951 Take profit: 1.0924
  • Sell: 1.0920 Take profit: 1.0882

For the pound/dollar pair, the key levels on the H1 scale are: 1.2840, 1.2739, 1.2694, 1.2609, 1.2521, 1.2463 and 1.2380. Here, we are following the development of the upward cycle of April 7. The continuation of the movement to the top is expected after the breakdown of the level of 1.2610. In this case, the target is 1.2694, while consolidation is in the range of 1.2694 – 1.2739. For the potential value for the top, we consider the level of 1.2840, movement to which is expected after the breakdown of the level of 1.2740.

Short-term downward movement is possibly in the range of 1.2521 – 1.2463. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.2380. This level is a key support for the top.

The main trend is the local upward structure of April 7

Trading recommendations:

  • Buy: 1.2610 Take profit: 1.2694
  • Buy: 1.2740 Take profit: 1.2840
  • Sell: 1.2521 Take profit: 1.2465
  • Sell: 1.2460 Take profit: 1.2380

For the dollar/franc pair, the key levels on the H1 scale are: 0.9701, 0.9668, 0.9644, 0.9599, 0.9569 and 0.9530. Here, we are following the development of the descending structure of April 6. Short-term downward movement is expected in the range of 0.9599 – 0.9569. The breakdown of the latter value will lead to a pronounced movement to the potential target – 0.9530. A pullback to the top from this level is expected.

Short-term upward movement is expected in the range of 0.9644 – 0.9668. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.9701. This level is a key support for the downward structure.

The main trend is the descending structure of April 6

Trading recommendations:

  • Buy : 0.9644 Take profit: 0.9666
  • Buy : 0.9670 Take profit: 0.9700
  • Sell: 0.9599 Take profit: 0.9570
  • Sell: 0.9567 Take profit: 0.9530

For the dollar/yen pair, the key levels on the scale are : 107.94, 107.52, 107.28, 106.89, 106.70, 106.46 and 106.00. Here, we are following the development of the descending structure of April 6. The continuation of movement to the bottom is expected after the price passes the noise range 106.89 – 106.70. In this case, the target is 106.46, wherein price consolidation is near this level. Its passage will lead to a pronounced downward movement to the potential target 106.00.

Short-term upward movement is possibly in the range of 107.28 – 107.52. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 107.94. This level is a key support for the downward structure.

Main trend: downward structure of April 4

Trading recommendations:

  • Buy: 107.28 Take profit: 107.50
  • Buy : 107.54 Take profit: 107.90
  • Sell: 106.70 Take profit: 106.46
  • Sell: 106.44 Take profit: 106.05

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.4088, 1.3999, 1.3932, 1.3842, 1.3760 and 1.3670. Here, we continue to monitor the descending structure of March 31. The continuation of movement to the bottom is expected after the breakdown of the level of 1.3842. In this case, the target is 1.376. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 1.3670. We expect consolidation near which, as well as a rollback to the top.

Short-term upward movement, as well as consolidation are possible in the range of 1.3932 – 1.3999. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.4088. This level is a key support for the downward cycle.

The main trend is the downward cycle of March 31

Trading recommendations:

  • Buy: 1.3932 Take profit: 1.3997
  • Buy : 1.4000 Take profit: 1.4085
  • Sell: 1.3842 Take profit: 1.3762
  • Sell: 1.3756 Take profit: 1.3670

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6684, 0.6582, 0.6528, 0.6443, 0.6349, 0.6289 and 0.6206. Here, we continue to monitor the rising structure of April 3. The continuation of the movement to the top is expected after the breakdown of the level of 0.6443. In this case, the target is 0.6528. Short-term upward movement, as well as consolidation is in the range of 0.6528 – 0.6582. For the potential value for the top, we consider the level of 0.6684. Upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 0.6349 – 0.6289. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.6206. This level is a key support for the top.

The main trend is the local ascending structure of April 3

Trading recommendations:

  • Buy: 0.6445 Take profit: 0.6528
  • Buy: 0.6530 Take profit: 0.6580
  • Sell : 0.6349 Take profit : 0.6292
  • Sell: 0.6286 Take profit: 0.6210

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, the price is in equilibrium and forms the potential for the downward movement of April 9. 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 of 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 have the 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 equilibrium state.

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, we expect a reversal in correction.

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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Sz. Daniela
Sz. Daniela

Professional Trader, Forex and CFD, Currency Trading. Ace Level 5 declared April 2013. Trading Consultants Inc. a USA Corporation domiciled in Wyoming since April 2012.