Forecast for July 3:
Analytical review of currency pairs on the scale of H1:
The key levels for the euro / dollar pair on the H1 scale are: 1.1289, 1.1254, 1.1183, 1.1154, 1.1132, 1.1071 and 1.1029. Here, we continue to monitor the formation of the descending structure of June 23. The continuation of the downward movement is expected after the breakdown of the level of 1.1183. In this case, the goal is 1.1154. The price passing the noise range 1.1154 – 1.1132 will lead to the development of a pronounced downward movement. Here, the goal is 1.1071. For the potential value for the bottom, we consider the level of 1.1029. Upon reaching which, we expect an upward pullback.
A short-term upward movement is possible in the range of 1.1254 – 1.1289. The breakdown of the last level will lead to the formation of an ascending structure. In this case, the potential target is 1.1349. We expect the initial conditions for the top to be formed to this level.
The main trend is the formation of the downward structure of June 23, the correction stage
Trading recommendations:
- Buy: 1.1255 Take profit: 1.1287
- Buy: 1.1292 Take profit: 1.1346
- Sell: 1.1183 Take profit: 1.1155
- Sell: 1.1130 Take profit: 1.1080
The key levels for the pound / dollar pair on the H1 scale are: 1.2696, 1.2630, 1.2597, 1.2547, 1.2508, 1.2456, 1.2413 and 1.2349. Here, we are following the development of the upward cycle of June 30. A short-term downward movement is expected in the range of 1.2508 – 1.2547. The breakdown of the last level will lead to a pronounced upward movement. Here, the target is 1.2597. Price consolidation is in the range of 1.2597 – 1.2630. For the potential value for the top, we consider the level of 1.2696. Upon reaching which, we expect a downward pullback.
A short-term downward movement is expected in the range of 1.2456 – 1.2413. The breakdown of the last level will lead to a deeper correction. Here, the target is 1.2349. This is a key support level for the top.
The main trend is the upward structure of June 30
Trading recommendations:
- Buy: 1.2508 Take profit: 1.2545
- Buy: 1.2548 Take profit: 1.2595
- Sell: 1.2455 Take profit: 1.2415
- Sell: 1.2410 Take profit: 1.2355
The key levels for the dollar / franc pair on the H1 scale are: 0.9497, 0.9480, 0.9468, 0.9434, 0.9407, 0.9389 and 0.9363. Here, we are watching the descending structure of June 30th. The continuation of the downward movement is expected after the breakdown of the level of 0.9434. In this case, the target is 0.9407. Price consolidation is in the range of 0.9407 – 0.9389. For the potential value for the bottom, we consider the level of 0.9363. Upon reaching which, we expect consolidation and an upward pullback.
A short-term upward movement is expected in the range of 0.9468 – 0.9480. The breakdown of the last level will lead to a deeper correction. Here, the target is 0.9497. This is a key support level for the bottom and the price passing this level will lead to the formation of initial conditions for the upward cycle. In this case, the goal is 0.9531.
The main trend is the downward structure of June 30
Trading recommendations:
- Buy : 0.9468 Take profit: 0.9480
- Buy : 0.9482 Take profit: 0.9495
- Sell: 0.9434 Take profit: 0.9408
- Sell: 0.9405 Take profit: 0.9390
The key levels for the dollar / yen pair on the scale are : 108.86, 108.45, 108.28, 107.95, 107.57, 107.37 and 107.01. . Here, we follow the development of the upward cycle of June 23. The continuation of the upward movement is expected after the breakdown of the level of 107.95. In this case, the target is 108.28. Price consolidation is in the range of 108.28 – 108.45. For the potential value for the top, we consider the level of 108.86. Upon reaching which, we expect a downward pullback.
A consolidated movement is possible in the range 107.57 – 107.37. The breakdown of the last level will lead to a deeper correction. Here, the goal is 107.01. This is a key support level for the top.
The main trend is the upward cycle of June 23, correction stage
Trading recommendations:
- Buy: 107.95 Take profit: 108.28
- Buy : 108.47 Take profit: 108.86
- Sell: 107.55 Take profit: 107.38
- Sell: 107.35 Take profit: 107.05
The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3813, 1.3766, 1.3709, 1.3638, 1.3566, 1.3526 and 1.3487. Here, we entered an equilibrium situation. In order to continue moving to the top, it is necessary to create local initial conditions. A short-term downward movement is expected in the range of 1.3566 – 1.3526. The breakdown of the last level will lead to the cancellation of the downward structure and here the first goal is 1.3487.
The continuation of the upward movement is expected after the breakdown of the level of 1.3638. In this case, the first target is 1.3709. The breakdown of which, in turn, should be accompanied by a pronounced upward movement to the level of 1.3766. For the potential value for the top, we consider the level of 1.3813. Upon reaching which, we expect a downward pullback.
The main trend is the equilibrium situation.
Trading recommendations:
- Buy: 1.3638 Take profit: 1.3707
- Buy : 1.3711 Take profit: 1.3765
- Sell: 1.3564 Take profit: 1.3528
- Sell: 1.3524 Take profit: 1.3488
The key levels for the Australian dollar / dollar pair on the H1 scale are : 0.7041, 0.7008, 0.6986, 0.6953, 0.6898, 0.6877, 0.6855, 0.6834 and 0.6809. Here, we are following the formation of potential for the top of June 30. The continuation of the upward movement is expected after the breakdown of the level of 0.6953. In this case, the target is 0.6986. Short-term upward movement, as well as consolidation are in the range of 0.6986 – 0.7008. For the potential value for the top, we consider the level of 0.7041. Upon reaching which, we expect a downward pullback.
A short-term downward movement is expected in the range of 0.6898 – 0.6877. The breakdown of the last level will lead to a deeper correction. Here, the target is 0.6855. This is a key support level for the top and the price passing this level will lead to the formation of a downward local structure. In this case, the target is 0.6834.
The main trend is building potential for the top of June 30
Trading recommendations:
- Buy: 0.6953 Take profit: 0.6985
- Buy: 0.6987 Take profit: 0.7006
- Sell : 0.6898 Take profit : 0.6878
- Sell: 0.6875 Take profit: 0.6857
The key levels for the euro / yen pair on the H1 scale are: 122.47, 121.87, 121.66, 121.29, 120.64, 120.35, 120.12 and 119.74. Here, we are following the rising structure of June 26th. The continuation of the upward movement is expected after the breakdown of the level of 121.29. In this case, the goal is 121.66. Price consolidation is in the range of 121.66 – 121.87. The price passing the noise range of 121.66 – 121.87 will lead to a pronounced upward movement. Here, the target is 122.47. Upon reaching this value, we expect a downward pullback.
A short-term downward movement is possible in the range of 120.64 – 120.35. The breakdown of the last level will lead to a deeper movement. Here, the goal is 120.12. This is the key support level for the top.
The main trend is the local upward structure of June 26
Trading recommendations:
- Buy: 121.30 Take profit: 121.66
- Buy: 121.90 Take profit: 122.45
- Sell: 120.64 Take profit: 120.37
- Sell: 120.35 Take profit: 120.14
The key levels for the pound / yen pair on the H1 scale are : 136.73, 135.98, 135.49, 134.68, 133.77, 133.38, 132.90, 132.41 and 131.91. Here, we are following the development of the rising structure of June 29. The continuation of the upward movement is expected after the breakdown of the level of 134.68. In this case, the target is 135.49. Short-term upward movement, as well as consolidation are in the range of 135.49 – 135.98. For the potential value for the top, we consider the level 136.73. Upon reaching which, we expect a downward pullback.
A short-term downward movement is expected in the range 133.77 – 133.38. The breakdown of the last level will lead to a deeper correction. Here, the goal is 132.90. This is a key support level for the top.
The main trend is the upward structure of June 29
Trading recommendations:
- Buy: 134.70 Take profit: 135.49
- Buy: 135.52 Take profit: 135.96
- Sell: 133.77 Take profit: 133.40
- Sell: 133.36 Take profit: 132.90
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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