Forecast for July 20:
Analytical review of currency pairs on the scale of H1:
The key levels for the euro / dollar pair on the H1 scale are: 1.1564, 1.1539, 1.1498, 1.1466, 1.1421, 1.1389 and 1.1345. Here, we are following the upward structure on July 10. A short-term upward movement is expected in the range of 1.1466 – 1.1498. The breakdown of the last level will lead to a pronounced upward movement. Here, the target is 1.1539. For the potential value for the top, we consider the level of 1.1564. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 1.1421 – 1.1389. The breakdown of the last level will lead to a deep correction. Here, the target is 1.1345. This is a key support level for the top.
The main trend is the rising structure of July 10
Trading recommendations:
- Buy: 1.1466 Take profit: 1.1496
- Buy: 1.1500 Take profit: 1.1537
- Sell: 1.1420 Take profit: 1.1390
- Sell: 1.1387 Take profit: 1.1350
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 the downward potential from 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: 0.9432, 0.9412, 0.9398, 0.9371, 0.9355, 0.9343, 0.9309 and 0.9286. Here, the price forms the potential for the downward movement of July 16. The continuation of the downward movement is expected after the breakdown of the level of 0.9371. In this case, the target is 0.9355. There is consolidation near this level. The price passing the noise range 0.9355 – 0.9343 will lead to a pronounced downward movement. Here, the target is 0.9309. For the potential value for the bottom, we consider the level 0.9286. Upon reaching which, we expect an upward pullback.
A short-term upward movement is expected in the range of 0.9398 – 0.9412. The breakdown of the last level will lead to a deeper correction. Here, the target is 0.9432. This is a key support level for the downward structure from July 16.
The main trend is the descending structure from July 16
Trading recommendations:
- Buy : 0.9398 Take profit: 0.9412
- Buy : 0.9414 Take profit: 0.9430
- Sell: 0.9370 Take profit: 0.9355
- Sell: 0.9343 Take profit: 0.9310
The key levels for the dollar / yen pair on the scale are : 108.19, 107.99, 107.70, 107.47, 107.06, 106.90 and 106.66. Here, we are following the formation of the upward potential for the top of July 15th. The continuation of the upward movement is expected after the breakdown of the level of 107.47. In this case, the target is 107.70.
Price consolidation near this level. The breakdown of the level of 107.70 will lead to the development of a pronounced upward movement. Here, the goal is 107.99. For the potential value for the top, we consider the level of 108.19. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range 107.06 – 106.90. The breakdown of the last level will have the downward structure. In this case, the target is 106.66.
The main trend: building potential for the top of July 15
Trading recommendations:
- Buy: 107.48 Take profit: 107.70
- Buy : 107.72 Take profit: 107.95
- Sell: 107.06 Take profit: 106.92
- Sell: 106.88 Take profit: 106.66
The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3645, 1.3593, 1.3536, 1.3494, 1.3449, 1.3395 and 1.3358. Here, we are watching the formation of the potential for the downward movement from July 14. CThe continuation of the downward movement is expected after the breakdown of the level of 1.3536. In this case, the first goal is 1.3494. The breakdown of which, in turn, will allow us to count on movement to the level of 1.3449.
Price consolidation is near this level. The breakdown of the level of 1.3449 will lead to a pronounced movement. Here, the target is 1.3395. For the potential value for the bottom, we consider the level of 1.3358. Upon reaching which, we expect consolidation, as well as an upward pullback.
The level of 1.3593 is a key support for the downward structure; its breakdown will favor the formation of an upward movement. Here, the target is 1.3645.
The main trend is the formation of potential for the downward movement from July 14, the stage of deep correction
Trading recommendations:
- Buy: 1.3595 Take profit: 1.3645
- Buy : Take profit:
- Sell: 1.3534 Take profit: 1.3500
- Sell: 1.3493 Take profit: 1.3450
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: 124.66, 124.26, 123.67, 123.21, 122.56, 122.26 and 121.77. Here, we are following the upward structure from July 10. A short-term upward movement is expected in the range of 123.21 – 123.67. The breakdown of the last level should be accompanied by a pronounced upward movement. Here, the target is 124.26. For the potential value for the top, we consider the level of 124.66. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 122.56 – 122.26. The breakdown of the last level will lead to a deep correction. Here, the target is 121.77. This is a key support level for the top.
The main trend is the rising structure of July 10
Trading recommendations:
- Buy: 123.22 Take profit: 123.65
- Buy: 123.70 Take profit: 124.26
- Sell: 122.56 Take profit: 122.28
- Sell: 122.24 Take profit: 121.80
The key levels for the pound / yen pair on the H1 scale are : 135.91, 135.32, 135.07, 134.26, 133.68, 132.99, 132.57 and 131.99. Here, we are following the downward structure from July 9th. The continuation of the downward movement is expected after the breakdown of the level of 134.26. In this case, the first target is 133.68.
The breakdown of which, in turn, will allow us to count on the movement to – 132.99. Short-term downward movement, as well as consolidation are in the range of 132.99 – 132.57. We consider the level of 131.99 to be a potential value for the bottom. Upon reaching this level, we expect consolidation, as well as an upward pullback.
The range of 135.07 – 135.32 is a key support for the downward structure and the price passing this will lead to the formation of an upward structure. Here, the potential target is 135.91.
The main trend is the descending structure from July 9
Trading recommendations:
- Buy: Take profit:
- Buy: 135.32 Take profit: 135.90
- Sell: 134.26 Take profit: 133.70
- Sell: 133.65 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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