For the euro/dollar pair, we are following the descending structure of June 10. The continuation of the downward movement is expected after the breakdown of the level of 1.1225.
The level of 1.1316 is key support. For the pound/dollar pair, the downward movement is expected after the breakdown of the level of 1.2443. The level of 1.2572 is the key support. For the dollar/franc pair, the price forms expressed initial conditions for the top of June 11. The level of 0.9561 is the key resistance.
For the dollar/yen pair, we continue to monitor the descending structure of June 5. The level of 106.64 is the key resistance for the bottom. For the euro/yen, the main resistance for the bottom is the level of 119.94. The level of 121.76 is the key support. For the pound/yen pair, we are following the development of the downward cycle of June 5. The level of 134.84 is the key support.
Forecast for June 15:
Analytical review of currency pairs on the scale of H1:
The key levels for the euro / dollar pair on the H1 scale are: 1.1420, 1.1361, 1.1316, 1.1285, 1.1227, 1.1170, 1.1141 and 1.1090. Here, we continue to monitor the descending structure of June 10th. Further downward movement is expected after the breakdown of the level of 1.1227. In this case, the target is 1.1170. Price consolidation is in the range of 1.1170 – 1.1141. For the potential value for the bottom, we consider the level of 1.1090. We expect an upward pullback upon reaching this level.
A short-term upward movement is possible in the range of 1.1285 – 1.1316. The breakdown of the last reading will lead to a deeper correction. Here, the target is 1.1361. This is the key support level for the downward formation.
The main trend is the descending structure of June 10
Trading recommendations:
- Buy: 1.1285 Take profit: 1.1314
- Buy: 1.1318 Take profit: 1.1360
- Sell: 1.1225 Take profit: 1.1170
- Sell: 1.1140 Take profit: 1.1090
The key levels for the pound / dollar pair on the H1 scale are: 1.2640, 1.2572, 1.2533, 1.2479, 1.2443, 1.2345, 1.2281 and 1.2184. Here, we follow the development of the descending structure of June 10th. Further downward movement is expected after the price passes the noise range of 1.2479 – 1.2443. In this case, the target is 1.2345. Short-term downward movement, as well as consolidation are in the range of 1.2345 – 1.2281. For the potential value for the bottom, we consider the level of 1.2184. The movement to which is expected after the breakdown of the level of 1.2280.
A short-term upward movement is expected in the range of 1.2533 – 1.2572. The breakdown of the latter level will lead to a deeper correction. Here, the target is 1.2640. This is the key support level for the downward structure.
The main trend is the descending structure of June 10
Trading recommendations:
- Buy: 1.2533 Take profit: 1.2570
- Buy: 1.2574 Take profit: 1.2640
- Sell: 1.2443 Take profit: 1.2345
- Sell: 1.2341 Take profit: 1.2284
The key levels for the dollar / franc pair on the H1 scale are: 0.9687, 0.9618, 0.9561, 0.9488, 0.9462, 0.9416 and 0.9373. Here, the price forms expressed initial conditions for the top of June 11th. Further upward movement is expected after the breakdown of the level of 0.9561. In this case, the target is 0.9618. Price consolidation is near this level. The breakdown of the level of 0.9618 will lead to a pronounced movement to the potential target – 0.9687. We expect a downward pullback from this level.
A short-term downward movement is expected in the range of 0.9488 – 0.9462. The breakdown of the last level will lead to deeper movement. Here, the target is 0.9416. This is the key support level for the top.
The main trend is the upward structure of June 11
Trading recommendations:
- Buy : 0.9561 Take profit: 0.9615
- Buy : 0.9620 Take profit: 0.9685
- Sell: 0.9488 Take profit: 0.9464
- Sell: 0.9460 Take profit: 0.9418
The key levels for the dollar / yen pair on the scale are : 108.39, 108.15, 107.67, 107.34, 106.64, 106.07, 105.78 and 105.08. Here, we are following the development of the descending structure of June 5th. The continuation of the downward movement is expected after the breakdown of the level of 106.64. In this case, the target is 106.07. A short-term downward movement, as well as consolidation are in the range of 106.07 – 105.78. We consider the level of 105.08 to be a potential value for the downward trend. We expect an upward pullback upon reaching this level.
A short-term upward movement is possible in the range of 107.34 – 107.67. The breakdown of the last level will lead to a deeper correction. Here, the target is 108.15. We expect the initial conditions for the upward cycle to be formed before the noise range of 108.15 – 108.39.
The main trend: the downward cycle of June 5
Trading recommendations:
- Buy: 107.35 Take profit: 107.66
- Buy : 107.69 Take profit: 108.15
- Sell: 106.64 Take profit: 106.07
- Sell: 105.76 Take profit: 105.10
The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3967, 1.3889, 1.3779, 1.3737, 1.3683, 1.3560, 1.3510 and 1.3452. Here, the price forms the expressed initial conditions for the top of June 10. We expect further upward movement after the breakdown of the level of 1.3683. In this case, the target is 1.3737. Price consolidation is near this level. The passage at the price of the noise range 1.3737 – 1.3779 should be accompanied by a pronounced upward movement. Here, the target is 1.3889. For the potential value for the top, the level of 1.3967 can be considered. We expect a downward pullback upon reaching this level.
A short-term downward movement is possible in the range of 1.3560 – 1.3510. The breakdown of the last level will lead to the development of a deeper correction. Here, the target is 1.3452. This is the key support level for the top.
The main trend is the formation of initial conditions for the top of June 10
Trading recommendations:
- Buy: 1.3683 Take profit: 1.3737
- Buy : 1.3780 Take profit: 1.3888
- Sell: 1.3560 Take profit: 1.3513
- Sell: 1.3508 Take profit: 1.3452
The key levels for the Australian dollar / US dollar pair on the H1 scale are : 0.6990, 0.6941, 0.6901, 0.6789, 0.6741, 0.6705. 0.6613 and 0.6549. Here the price forms expressed initial conditions for the downward cycle of June 10. The continuation of the downward movement is possible after the breakdown of the level of 0.6789. In this case, the target is 0.6741. Price consolidation is near this level. The price overcoming the noise range 0.6741 – 0.6705 will lead to a pronounced downward movement. Here, the target is 0.6613. The level of 0.6549 can be considered as a potential value for the downward trend. We expect an upward pullback upon reaching this level.
A short-term upward movement is possible in the range of 0.6901 – 0.6941. The breakdown of the last level will lead to a deeper correction. Here, the target is 0.6990. This is the key support level for the bottom.
The main trend is the descending structure of June 10
Trading recommendations:
- Buy: 0.6901 Take profit: 0.6940
- Buy: 0.6943 Take profit: 0.6990
- Sell : 0.6789 Take profit : 0.6741
- Sell: 0.6705 Take profit: 0.6615
The key levels for the euro / yen pair on the H1 scale are: 122.39, 121.76, 121.34, 120.52, 119.94, 119.13 and 118.68. Here, we follow the descending structure of June 5. A short-term downward movement is expected in the range of 120.52 – 119.94. The breakdown of the last level will lead to a pronounced downward movement. In this case, the target is 119.13. For the potential value for the bottom, the level of 118.68 can be considered. We expect consolidation, as well as an upward pullback upon reaching this level.
A short-term upward movement in the range of 121.34 – 121.76 can be considered. The breakdown of the last level will lead to a deeper correction. Here, the target is 122.39. This is the key support level for the bottom.
The main trend is the downward cycle of June 5
Trading recommendations:
- Buy: 121.34 Take profit: 121.72
- Buy: 121.77 Take profit: 122.39
- Sell: 120.52 Take profit: 119.96
- Sell: 119.92 Take profit: 119.13
The key levels for the pound / yen pair on the H1 scale are : 135.65, 134.84, 134.36, 133.48, 132.81 and 131.97. Here, we follow the development of the descending structure of June 5th. We expect a short-term downward movement in the range of 133.48 – 132.81. The breakdown of the latter level will allow us to count on movement to a potential target – 131.97. We expect an upward pullback upon reaching this level.
A short-term upward movement is possible in the range 134.36 – 134.84. The breakdown of the last level will lead to an in-depth correction. Here, the potential target is 135.65. This level is a key support for the downward structure. We expect the initial conditions for the upward cycle to be formed before it.
The main trend is the descending structure of June 5
Trading recommendations:
- Buy: 134.36 Take profit: 134.84
- Buy: 134.86 Take profit: 135.65
- Sell: 133.46 Take profit: 132.84
- Sell: 132.76 Take profit: 132.00
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
If you have an interest in any area of Forex Trading, this is where you want to be.
Global Fx Trading Group is a world leader in providing Fx services to individual traders, including: Unmatched funding programs, on-line education, virtual trading rooms, automation tools, robot building, and personal coaching.
The company was first established by Jeff Wecker, former member of the Chicago Board of Trade, with 25 years in the industry. Jeff has a keen understanding of the needs of Forex traders and those needs are our focus.
Please join our VIP Group while is still FREE …
https://t.me/joinchat/JqsXFBKpyj3YS4bLWzT_rg
Our mission is simple: To enhance as many lives as we can through education and empowerment.
#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom
