Forecast for June 18:
Analytical review of currency pairs on the scale of H1:
The key levels for the euro / dollar pair on the H1 scale are: 1.1352, 1.1308, 1.1290, 1.1261, 1.1201, 1.1182, 1.1136 and 1.1103. Here, we determined the next goals from the local descending structure of June 16th. The continuation of the downward movement is expected after the price passes the noise range 1.1201 – 1.1182. In this case, the target is 1.1136. For the potential value for the bottom, we consider the level of 1.1103. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 1.1261 – 1.1290. The range of 1.1290 – 1.1308 is a key support for the downward structure from June 16 and the price passing this level will lead to the formation of the upward structure. In this case, the target is 1.1352.
The main trend is the local descending structure of June 16
Trading recommendations:
- Buy: 1.1262 Take profit: 1.1290
- Buy: 1.1310 Take profit: 1.1350
- Sell: 1.1180 Take profit: 1.1138
- Sell: 1.1134 Take profit: 1.1105
The key levels for the pound / dollar pair on the H1 scale are: 1.2801, 1.2739, 1.2703, 1.2566, 1.2479, 1.2443, 1.2345, 1.2281 and 1.2184. Here, the price is in correction from the downward structure on June 10. The cancellation of this structure is expected after the price passes the noise range 1.2479 – 1.2443. In this case, we expect a pronounced movement to the level of 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 are still considering the level of 1.2184. The level of 1.2614 is a key support for the downward structure and its breakdown will lead to the formation of initial conditions for the top. Here, the potential target is 1.2703.
The main trend is the descending structure of June 10
Trading recommendations:
- Buy: 1.2740 Take profit: 1.2800
- Buy: 1.2615 Take profit: 1.2670
- Sell: 1.2440 Take profit: 1.2347
- Sell: 1.2344 Take profit: 1.2283
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. The continuation of the 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. At the moment, the price is in the correction zone. 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, the correction stage
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, we are following the ascending structure of June 10th. The continuation of the upward movement is expected after the breakdown of the level of 1.3683. In this case, the target is 1.3737. Price consolidation is near this level. The price passing the noise range of 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, we consider the level of 1.3967. We expect a downward pullback upon reaching this level.
A consolidated 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 goal is 1.3452. This is a key support level for the top and its breakdown will allow you to count on movement to the level of 1.3371.
The main trend is the upward structure of June 10
Trading recommendations:
- Buy: 1.3683 Take profit: 1.3737
- Buy : 1.3780 Take profit: 1.3888
- Sell: 1.3508 Take profit: 1.3452
- Sell: 1.3450 Take profit: 1.3371
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, the price is in correction from the downward structure on June 10th. 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 possible 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 the noise range of 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 descending structure of June 10, the correction stage
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: 122.12, 121.53, 120.93, 120.56, 119.94, 119.37, 118.96 and 118.39. Here, we determine the subsequent targets for the downward movement from the local structure on June 16th. The continuation of the downward movement is expected after the breakdown of the level of 119.94. In this case, the target is 119.37. Short-term downward movement, as well as consolidation are in the range of 119.37 – 118.96. For the potential value for the bottom, we consider the level of 118.39. Upon reaching which, we expect an upward pullback.
A short-term upward movement is possible in the range of 120.56 – 120.93. The breakdown of the last level will lead to a deeper correction. Here, the goal is 121.53. This level is a key support for the downward structure from June 16 and its breakdown will lead to the formation of initial conditions for the top. In this case, the potential target is 122.12.
The main trend is the local descending structure of June 16
Trading recommendations:
- Buy: 120.56 Take profit: 120.91
- Buy: 120.95 Take profit: 121.50
- Sell: 119.92 Take profit: 119.40
- Sell: 118.94 Take profit: 118.40
The key levels for the pound / yen pair on the H1 scale are : 136.44, 135.81, 135.10, 134.56, 133.70, 132.90, 132.43 and 131.71. Here, we determine the next goals from the local descending structure on June 16. The continuation of the downward movement is expected after the breakdown of the level of 133.70. In this case, the target is 132.90. Price consolidation is in the range of 132.90 – 132.43. For the potential value for the bottom, we consider the level of 131.71. Upon reaching which, we expect an upward pullback.
A short-term upward movement is possible in the range of 134.56 – 135.10. The breakdown of the last level will lead to a deeper correction. Here, the goal is 135.81. This level is the key support for the downward structure from June 16.
The main trend is the local descending structure of June 16
Trading recommendations:
- Buy: 134.56 Take profit: 135.10
- Buy: 135.15 Take profit: 135.80
- Sell: 133.60 Take profit: 132.90
- Sell: 132.40 Take profit: 131.71
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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