Forecast for June 24:
Analytical review of currency pairs on the scale of H1:
The key levels for the euro / dollar pair on the H1 scale are: 1.1451, 1.1428, 1.1390, 1.1347, 1.1299, 1.1272, 1.1238, 1.1212 and 1.1168. Here, we continue to monitor the ascending structure of June 22. The continuation of the upward movement is expected after the breakdown of the level of 1.1347. In this case, the target is 1.1390. Price consolidation is near this level. The breakdown of the level of 1.1390 will lead to movement to a potential target – 1.1451. Upon reaching which, we expect consolidation in the range of 1.1428 – 1.1451.
A short-term downward movement is possible in the range of 1.1299 – 1.1272. The breakdown of the last level will lead to a deeper correction. Here, the target is 1.1238. The range of 1.1238 – 1.1212 is a key support for the top.
The main trend is the upward structure of June 22
Trading recommendations:
- Buy: 1.1347 Take profit: 1.1390
- Buy: 1.1392 Take profit: 1.1428
- Sell: 1.1299 Take profit: 1.1273
- Sell: 1.1270 Take profit: 1.1238
The key levels for the pound / dollar pair on the H1 scale are: 1.2745, 1.2684, 1.2638, 1.2572, 1.2517, 1.2419, 1.2388 and 1.2334. Here, the price forms the initial conditions for the top of June 22. The continuation of the upward movement is expected after the breakdown of the level of 1.2517. In this case, the target is 1.2572. Price consolidation is near this level. The breakdown of the level of 1.2572 will lead to a pronounced upward movement. In this case, the target is 1.2638. Price consolidation is in the range of 1.2638 – 1.2684. A potential value for the top is considered to be the level of 1.2745. We expect a downward pullback upon reaching which.
A short-term downward movement is expected in the range 1.2419 – 1.2388. The breakdown of the last level will lead to the development of a downward movement. Here, the first goal is 1.2334.
The main trend is the formation of initial conditions for the top of June 22
Trading recommendations:
- Buy: 1.2517 Take profit: 1.2570
- Buy: 1.2573 Take profit: 1.2638
- Sell: 1.2388 Take profit: 1.2335
- Sell: 1.2465 Take profit: 1.2424
The key levels for the dollar / franc pair on the H1 scale are: 0.9488, 0.9464, 0.9451, 0.9416, 0.9400, 0.9376 and 0.9363. Here, we determine the subsequent targets for the downward movement from the local structure on June 22. A short-term downward movement is expected in the range 0.9416 – 0.9400. The breakdown of the last level will lead to a pronounced downward movement. Here, the target is 0.9376. For the potential value for the bottom, we consider the level of 0.9363. Upon reaching which, we expect consolidation in the range of 0.9363 – 0.9376, as well as an upward pullback.
A short-term upward movement is expected in the range 0.9451 – 0.9464. The breakdown of the last level will lead to a deeper movement. Here, the target is 0.9488. This is the key support level for the downward structure from June 22.
The main trend is the local descending structure of June 22
Trading recommendations:
- Buy : 0.9451 Take profit: 0.9463
- Buy : 0.9466 Take profit: 0.9488
- Sell: 0.9416 Take profit: 0.9402
- Sell: 0.9398 Take profit: 0.9377
The key levels for the dollar / yen pair on the scale are : 107.22, 106.84, 106.64, 106.07, 105.78, 105.18 and 104.87. Here, we determine the next goals from the local descending structure on June 23. A short-term downward movement is expected in the range of 106.07 – 105.78. The breakdown of the last level will lead to a pronounced downward movement. Here, the target is 105.18. For the potential value for the bottom, we consider the level of 104.87. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range 106.64 – 106.84. The breakdown of the last level will have the formation of an ascending structure. Here, the potential target is 107.22.
Main trend: local descending structure of June 23
Trading recommendations:
- Buy: 106.64 Take profit: 106.84
- Buy : 106.86 Take profit: 107.20
- Sell: 106.07 Take profit: 105.80
- Sell: 105.76 Take profit: 105.20
The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3629, 1.3590, 1.3560, 1.3488, 1.3452, 1.3402 and 1.3371. Here, we determine the next goals from the local descending structure on June 22. The continuation of the downward movement is expected after the breakdown of the level of 1.3488. In this case, the target is 1.3452. Price consolidation is near this level. The breakdown of the level of 1.3450 will lead to a pronounced downward movement. Here, the target is 1.3402. For the potential value for the bottom, we consider the level of 1.3371. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 1.3560 – 1.3590. The breakdown of the last level will lead to the formation of an ascending structure. Here, the target is 1.3629. This is the key resistance level for the top.
The main trend is the local descending structure of June 22
Trading recommendations:
- Buy: 1.3560 Take profit: 1.3590
- Buy : 1.3592 Take profit: 1.3629
- Sell: 1.3488 Take profit: 1.3452
- Sell: 1.3450 Take profit: 1.3402
The key levels for the Australian dollar / US dollar pair on the H1 scale are: 0.7052, 0.6990, 0.6941, 0.6849, 0.6789, 0.6741, 0.6705. 0.6613 and 0.6549. Here, we are following the local ascendant structure from June 19th. We expect a short-term upward movement in the range of 0.6941 – 0.6990. The breakdown of the level of 0.6990 will lead to the cancellation of the downward trend. In this case, the first target is 0.7052. The resumption of the downward trend is possibly after the breakdown of the level of 0.6849. Here, the first goal is 0.6789.
The breakdown of which, in turn, will allow us to rely on the movement to 0.6741. The price passing through the noise range 0.6741 – 0.6705 will lead to a pronounced downward movement. Here, the target is 0.6613. For the potential value for the downward trend, we consider the level of 0.6549. Upon reaching which, we expect an upward pullback.
The main trend is the local upward structure of June 19
Trading recommendations:
- Buy: 0.6941 Take profit: 0.6988
- Buy: 0.6992 Take profit: 0.7050
- Sell : 0.6849 Take profit : 0.6790
- Sell: 0.6787 Take profit: 0.6741
The key levels for the euro / yen pair on the H1 scale are: 122.40, 121.93, 121.57, 121.08, 120.28, 119.94 and 119.29. Here, the price forms expressed initial conditions for the top of June 22. The continuation of the upward movement is expected after the breakdown of the level of 121.08. In this case the target is 121.57. Short-term upward movement, as well as consolidation are in the range of 121.57 – 121.93. For the potential value for the top, we consider the level of 122.40. We expect a downward pullback upon reaching which.
A short-term downward movement is possible in the range of 120.28 – 119.94. The breakdown of the last level will lead to the development of a downward trend. In this case, the target is 119.29. Price consolidation is near this level.
The main trend is the formation of initial conditions for the top of June 22
Trading recommendations:
- Buy: 121.08 Take profit: 121.57
- Buy: 121.59 Take profit: 121.91
- Sell: 120.28 Take profit: 119.95
- Sell: 119.92 Take profit: 119.31
The key levels for the pound / yen pair on the H1 scale are : 136.35, 135.65, 135.15, 134.40, 133.86, 133.15, 132.69, 132.17 and 131.71. Here, the price forms the potential for the top of June 22. A short-term upward movement is expected in the range of 133.86 – 134.40. The breakdown of the last level will lead to a pronounced upward movement. Here, the target is 135.15. Price consolidation is in the range of 135.15 – 135.65. We consider the level 136.35 to be a potential value for the top. We expect a downward pullback upon reaching this level.
A short-term downward movement is possible in the range 133.15 – 132.69. The breakdown of the last value will lead to a deeper correction. Here, the goal is 132.17. This is the key support level for the top.
The main trend is the formation of initial conditions for the upward cycle of June 22
Trading recommendations:
- Buy: 133.86 Take profit: 134.40
- Buy: 134.44 Take profit: 135.15
- Sell: 133.15 Take profit: 132.70
- Sell: 132.66 Take profit: 132.17
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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