Forecast for April 22:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.0994, 1.0945, 1.0915, 1.0890, 1.0845, 1.0804, 1.0753 and 1.0718. Here, we are following the development of the initial conditions for the downward cycle of April 14. A short-term downward movement is expected in the range of 1.0845 – 1.0804. Breaking through the level of 1.0804 should be accompanied by a pronounced downward movement. Here, the goal is 1.0753. We consider the level of 1.0718 to be a potential value for the downward formation. Upon reaching which, we expect consolidation, as well as an upward pullback.
Short-term upward movement is possible in the range of 1.0890 – 1.0915. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 1.0945. This level is a key support for the downward structure. Price passing it will lead to the formation of initial conditions for the top. Here, the potential target is 1.0994.
The main trend is the initial conditions for the downward cycle of April 14
Trading recommendations:
- Buy: 1.0890 Take profit: 1.0913
- Buy: 1.0920 Take profit: 1.0945
- Sell: 1.0845 Take profit: 1.0808
- Sell: 1.0800 Take profit: 1.0755
For the pound / dollar pair, the key levels on the H1 scale are: 1.2455, 1.2391, 1.2353, 1.2286, 1.2234, 1.2163 and 1.2123. Here, we are following the development of the descending structure of April 14. A short-term downward movement is expected in the range of 1.2286 – 1.2234. The breakdown of the last level will lead to the development of pronounced movement. Here, the goal is 1.2163. For the potential value for the bottom, we consider the level of 1.2123. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 1.2353 – 1.2391. Breaking through the last level will lead to an in-depth correction. Here, the goal is 1.2455. This level is a key support for the downward structure.
The main trend is the downward cycle of April 14.
Trading recommendations:
- Buy: 1.2353 Take profit: 1.2390
- Buy: 1.2393 Take profit: 1.2455
- Sell: 1.2280 Take profit: 1.2240
- Sell: 1.2230 Take profit: 1.2165.
For the dollar / franc pair, the key levels on the H1 scale are: 0.9810, 0.9781, 0.9740, 0.9706, 0.9644, 0.9619, 0.9590 and 0.9530. Here, we are following the formation of the initial conditions for the upward cycle of April 14. The continuation of the upward movement is expected after breaking through the level of 0.9706. In this case, the goal is 0.9740, where consolidation is near this level. After the price breaks through this level, it will lead to the development of a pronounced upward movement. In this case, the goal is 0.9781. For the potential value for the top, we consider the level of 0.9810. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 0.9644 – 0.9619. Breaking through the last level will favor the development of a downward movement. Here, the first goal is 0.9590. For the potential value for the downward movement, we consider the level of 0.9530.
The main trend is the formation of initial conditions for the upward cycle of April 14
Trading recommendations:
- Buy : 0.9706 Take profit: 0.9735
- Buy : 0.9742 Take profit: 0.9780
- Sell: 0.9644 Take profit: 0.9622
- Sell: 0.9618 Take profit: 0.9590
For the dollar / yen pair, the key levels on the scale are : 109.26, 108.96, 108.51, 108.16, 107.81, 107.35, 107.19 and 106.89. Here, we are following the initial conditions for the top of April 15. The continuation of the upward movement is possible after the breakdown of the level of 107.81. In this case, the first goal is 108.16. The breakdown of which, in turn, will allow you to expect the development of an upward cycle. Here, the goal is 108.51, where consolidation is near this level. Breaking through the level of 108.51 will lead to a pronounced upward movement. In this case, the goal is 108.96. For the potential value for the bottom, we consider the level of 109.26. Upon reaching this level, we expect a downward pullback.
A short-term downward movement is possible in the range of 107.62 – 107.35. The range between 107.35 – 107.19 is a key support for the top. The price passing this range will lead to the development of a downward structure. In this case, the potential target is 106.89.
The main trend: initial conditions for the top of April 15.
Trading recommendations:
- Buy: 107.81 Take profit: 108.14
- Buy : 108.16 Take profit: 108.50
- Sell: 107.19 Take profit: 106.90
- Sell: 106.85 Take profit: 106.50
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.4484, 1.4398, 1.4327, 1.4251, 1.4158, 1.4106 and 1.4028. Here, we are following the development of the upward cycle of April 14. The continuation of the upward movement is expected after the breakdown of the level of 1.4251. In this case, the goal is 1.4327. A short-term upward movement is in the range of 1.4327 – 1.4398 and price consolidation is near the level of 1.4398. For the potential value for the top, we consider the level of 1.4484. Upon reaching which, we expect a downward pullback.
A short-term downward movement is possible in the range of 1.4158 – 1.4106. The breakdown of the last level will lead to a long correction. In this case, the goal is 1.4028. This level is a key support for the top.
The main trend is the upward cycle of April 14.
Trading recommendations:
- Buy: 1.4251 Take profit: 1.4325
- Buy : 1.4330 Take profit: 1.4395
- Sell: 1.4158 Take profit: 1.4110
- Sell: 1.4104 Take profit: 1.4045
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6443, 0.6399, 0.6368, 0.6287, 0.6247, 0.6223, 0.6163, 0.6120 and 0.6060. Here, we are following the formation of the initial conditions for the downward cycle of April 14. The continuation of the downward movement is expected after the breakdown of the level of 0.6287. In this case, the first goal is 0.6247, passing through the noise range 0.6247 – 0.6223 will lead to a pronounced movement to the level of 0.6163. A short-term downward movement, as well as consolidation is in the range of 0.6163 – 0.6120. For the potential value for the bottom, we consider the level 0.6060. Upon reaching which, we expect a downward pullback.
A short-term upward movement is possible in the range of 0.6368 – 0.6399. This range is a key support for the downward structure and its passage will lead to the development of the downward movement. In this case, the goal is 0.6643.
The main trend is the formation of initial conditions for the downward cycle of April 14.
Trading recommendations:
- Buy: 0.6368 Take profit: 0.6395
- Buy: 0.6400 Take profit: 0.6440
- Sell : 0.6287 Take profit : 0.6247
- Sell: 0.6220 Take profit: 0.6165
For the euro / yen pair, the key levels on the H1 scale are: 117.44, 116.94, 116.63, 116.02, 115.56, 114.95 and 114.55. Here, we are following the development of the descending structure of April 9. A short-term downward movement is expected in the range of 116.02 – 115.56. The breakdown of the last level will lead to the development of the expressed movement. In this case, the goal is 114.95. For the potential value for the bottom, we consider the level of 114.55. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 16.63 – 116.94. The breakdown of the last level will lead to an in-depth correction. Here, the goal is 117.44. This level is a key support for the downward structure.
The main trend is the descending structure of April 9.
Trading recommendations:
- Buy: Take profit:
- Buy: 116.96 Take profit: 117.40
- Sell: 116.00 Take profit: 115.58
- Sell: 115.54 Take profit: 114.95
For the pound / yen pair, the key levels on the H1 scale are : 133.70, 133.13, 132.77, 132.02, 131.43, 131.05 and 130.32. Here, we are following the development of the descending structure of April 14. The continuation of the downward movement is expected after the breakdown of the level of 132.02. In this case, the goal is 131.43. A short-term downward movement, as well as consolidation is in the range of 131.43 – 131.05. For the potential level for the bottom, we consider the level of 130.32. Upon reaching which, we expect a pullback to the top.
Short-term upward movement is possible in the range of 132.77 – 133.13. The breakdown of the last level will lead to an in-depth correction. Here, the goal is 133.70. This level is a key support for the downward cycle.
The main trend is the downward cycle of April 14.
Trading recommendations:
- Buy: 132.77 Take profit: 133.10
- Buy: 133.15 Take profit: 133.70
- Sell: 132.00 Take profit: 131.45
- Sell: 131.40 Take profit: 131.08
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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