Forecast for July 15 :
Analytical review of currency pairs on the scale of H1:
The key levels for the euro / dollar pair on the H1 scale are: 1.1498, 1.1466, 1.1421, 1.1381, 1.1362 and 1.1330. Here, we follow the ascending structure of July 10th. The continuation of the upward movement is expected after the breakdown of the level of 1.1421. In this case, the target is 1.1467. Price consolidation is near this level. The breakdown of the level of 1.1467 will allow you to count on movement towards a potential target – 1.1498. Upon reaching which, we expect a downward pullback.
A short-term downward movement is possible in the range of 1.1381 – 1.1362. The breakdown of the last level will lead to a deeper correction. Here, the target is 1.1330. This is a key support level for the top.
The main trend is the formation of the ascending structure of July 10
Trading recommendations:
- Buy: 1.1423 Take profit: 1.1465
- Buy: 1.1467 Take profit: 1.1497
- Sell: 1.1380 Take profit: 1.1363
- Sell: 1.1360 Take profit: 1.1333
The key levels for the pound / dollar pair on the H1 scale are: 1.2670, 1.2617, 1.2480, 1.2410, 1.2339 and 1.2293. Here, the price forms the potential for the downward movement of July 13. The continuation of the downward movement is expected after the breakdown of the level of 1.2480. In this case, the target is 1.2410. Price consolidation is near this level.
The breakdown of the level of 1.2410 should be accompanied by a pronounced downward movement. Here, the target is 1.2339. For the potential value for the bottom, we consider the level of 1.2293. Upon reaching which, we expect consolidation and an upward pullback.
The level of 1.2617 is a key support for the bottom and its breakdown will favor the formation of an ascending structure. Here, the first goal is 1.2670.
The main trend is the formation of a downward potential of July 13
Trading recommendations:
- Buy: 1.2618 Take profit: 1.2670
- Buy: Take profit:
- Sell: 1.2480 Take profit: 1.2413
- Sell: 1.2408 Take profit: 1.2340
The key levels for the dollar / franc pair on the H1 scale are: 0.9474, 0.9456, 0.9444, 0.9427, 0.9406, 0.9391, 0.9380, 0.9362 and 0.9346. Here, the price is in correction from the downward structure and forms the potential for the top of July 9th. The continuation of the upward movement is expected after the breakdown of the level of 0.9427. In this case, the target is 0.9444. Price consolidation is in the range of 0.9444 – 0.9456. For the potential value for the top, we consider the level of 0.9474. Upon reaching this level, we expect a downward pullback.
The range of 0.9391 – 0.9380 is a key support and its price passing this level will lead to the subsequent development of a downward trend. In this case, the target is 0.9362. As a potential value for the bottom, we consider the level of 0.9346.
The main trend is the descending structure of June 30, the formation of potential for the top of July 9.
Trading recommendations:
- Buy : 0.9428 Take profit: 0.9444
- Buy : 0.9456 Take profit: 0.9474
- Sell: 0.9390 Take profit: 0.9383
- Sell: 0.9380 Take profit: 0.9362
The key levels for the dollar / yen pair on the scale are : 108.00, 107.83, 107.57, 107.38, 107.15, 107.01, 106.84 and 106.67. Here, the price registered the expressed initial conditions for the top of July 10. The continuation of the upward movement is expected after the breakdown of the level of 107.38. In this case, the target is 107.57. The breakdown of the level of 107.58 should be accompanied by a pronounced upward movement. Here, the target is 107.83. For the potential value for the top, we consider the level of 108.00. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range 107.15 – 107.01. The breakdown of the latter value will lead to a deeper movement. Here, the target is 106.85. This is a key support level for the top and its breakdown will lead to the development of a downward structure. In this case, the target is 106.67.
The main trend is the rising structure of July 10
Trading recommendations:
- Buy: 107.40 Take profit: 107.55
- Buy : 107.58 Take profit: 107.80
- Sell: 107.15 Take profit: 107.02
- Sell: 107.00 Take profit: 106.87
The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3740, 1.3701, 1.3671, 1.3634, 1.3568, 1.3539, 1.3487 and 1.3442. Here, we are following the formation of the ascending structure of July 9th. The continuation of the upward movement is expected after the breakdown of the level of 1.3634. In this case, the target is 1.3671. A short-term upward movement, as well as consolidation are in the range of 1.3671 – 1.3701. For the potential value for the top, we consider the level of 1.3740. Upon reaching which, we expect a downward pullback.
A short-term downward movement is possible in the range of 1.3568 – 1.3539. The breakdown of the last level will lead to the formation of a local downward structure. Here, the potential target is 1.3487. For the potential value for the bottom, we consider the level of 1.3442.
The main trend is a local descending structure of July 8, the formation of potential for the top of July 9
Trading recommendations:
- Buy: 1.3635 Take profit: 1.3671
- Buy : 1.3673 Take profit: 1.3700
- Sell: 1.3568 Take profit: 1.3540
- Sell: 1.3537 Take profit: 1.3488
The key levels for the Australian dollar / dollar pair on the H1 scale are : 0.7121, 0.7095, 0.7056, 0.7025, 0.6986, 0.6970, 0.6946, 0.6923 and 0.6898. Here, the price forms the local potential for the top of July 14. The continuation of the upward movement is expected after the breakdown of the level of 0.7025. In this case, the target is 0.7056. Price consolidation is near this level. The breakdown of the level of 0.7056 will lead to a pronounced upward movement. Here, the target is 0.7095. For the potential value for the top, we consider the level of 0.7121. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range 0.6986 – 0.6970. The breakdown of the last level will lead to a deeper correction. Here, the target is 0.6946. This is a key support level for the top and its breakdown will lead to the cancellation of the upward structure from July 14. In this case, the target is 0.6898.
The main trend is the local upward structure of July 14
Trading recommendations:
- Buy: 0.7025 Take profit: 0.7055
- Buy: 0.7060 Take profit: 0.7095
- Sell : 0.6970 Take profit : 0.6948
- Sell: 0.6944 Take profit: 0.6923
The key levels for the euro / yen pair on the H1 scale are: 124.26, 123.67, 123.21, 122.56, 121.89, 121.50 and 121.07. Here, we are following the formation of the ascending structure of July 10. The continuation of the upward movement is expected after the breakdown of the level of 122.56. In this case, the target is 123.20. Short-term upward movement, as well as consolidation are in the range of 123.21 – 123.67. For the potential value for the top, we consider the level of 124.26. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 121.89 – 121.50. The breakdown of the last level will lead to a deeper correction. Here, the goal is 121.07. This is a key support level for the top.
The main trend is the formation of potential for the upward cycle of July 10
Trading recommendations:
- Buy: 122.58 Take profit: 123.20
- Buy: 123.22 Take profit: 123.65
- Sell: 121.87 Take profit: 121.52
- Sell: 121.48 Take profit: 121.09
The key levels for the pound / yen pair on the H1 scale are : 137.13, 136.73, 135.98, 135.49, 134.68, 134.33 and 133.77. Here, we are following the development of the ascending structure of June 29. At the moment, the price is in correction and forms a pronounced potential of July 9. A short-term upward movement is expected in the range of 135.49 – 135.98. The breakdown of the last level will lead to a pronounced upward movement. Here, the target is 136.73. For the potential value for the top, we consider the level 137.13. Upon reaching which, we expect consolidation, as well as a downward pullback.
A consolidated movement is expected in the range of 134.68 – 134.33. The breakdown of the last level will lead to a deeper correction. Here, the goal is 133.77. This is a key support level for the top and its price passage will allow you to count on movement to a potential target – 133.00.
The main trend is the rising structure of June 29, the correction stage (potential for the bottom of July 9)
Trading recommendations:
- Buy: 135.50 Take profit: 135.96
- Buy: 136.00 Take profit: 136.70
- Sell: 134.31 Take profit: 133.78
- Sell: 133.72 Take profit: 133.00
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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