Outlook for June 30:
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, 1.1232, 1.1183, 1.1154, 1.1132, 1.1071 and 1.1029. Here, we are following 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. We expect an upward pullback upon reaching which.
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: 1.2436, 1.2405, 1.2354, 1.2321, 1.2259, 1.2208, 1.2180 and 1.2118. Here, we are following the descending structure of June 24. The continuation of the downward movement is expected after the breakdown of the level of 1.2259. In this case, the target is 1.2208. Price consolidation is in the range of 1.2208 – 1.2180. For the potential value for the bottom, we consider the level of 1.2118, upon reaching which, we expect an upward pullback.
A short-term upward movement is expected in the range of 1.2321 – 1.2354. The breakdown of the last level will lead to a deeper movement. Here, the target is 1.2405. The range of 1.2405 – 1.2436 is the key support for the bottom. We expect the initial conditions for the upward cycle to be formed before it.
The main trend is the descending structure of June 24
Trading recommendations:
- Buy: 1.2321 Take profit: 1.2353
- Buy: 1.2356 Take profit: 1.2405
- Sell: 1.2257 Take profit: 1.2208
- Sell: 1.2180 Take profit: 1.2118
The key levels for the dollar / franc pair on the H1 scale are: 0.9592, 0.9577, 0.9552, 0.9535, 0.9503, 0.9489 and 0.9468. Here, we are following the development of the rising structure of June 23. A short-term upward movement is expected in the range of 0.9535 – 0.9552. The breakdown of the last level will lead to a pronounced upward movement. Here, the target is 0.9577. For the potential value for the top, we consider the level of 0.9592. Upon reaching which, we expect consolidation, as well as a downward pullback.
A consolidated movement is possible in the range of 0.9503 – 0.9489. The breakdown of the last level will lead to a deeper correction. In this case, the target is 0.9468. This is the key support level for the top.
The main trend is the upward structure of June 23
Trading recommendations:
- Buy : 0.9535 Take profit: 0.9550
- Buy : 0.9554 Take profit: 0.9577
- Sell: 0.9503 Take profit: 0.9490
- Sell: 0.9486 Take profit: 0.9468
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 are watching the formation of potential for the top 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 short-term downward movement is possible in the range of 107.57 – 107.37. The breakdown of the last level will lead to a deeper correction. Here, the goal is 107.01. This is the key support level for the top.
The main trend is the upward cycle of June 23
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, 1.3674, 1.3604, 1.3566, 1.3526 and 1.3487. Here, the price forms the potential for the top of June 23. The continuation of the upward movement is expected after the breakdown of the level of 1.3674. In this case, the target is 1.3709. Price consolidation is near this level. The breakdown of the level of 1.3709 will lead to a pronounced upward movement. Here, the target is 1.3766. The potential value for the top is the level 1.3813. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 1.3604 – 1.3566. The breakdown of the last level will lead to a deeper correction. Here, the target is 1.3526. This is a key support level for the top and the price passing this level will lead to the development of a downward structure. In this case, the first potential target is 1.3487.
The main trend is the formation of the upward potential of June 23
Trading recommendations:
- Buy: 1.3674 Take profit: 1.3707
- Buy : 1.3711 Take profit: 1.3765
- Sell: 1.3604 Take profit: 1.3570
- Sell: 1.3564 Take profit: 1.3526
The key levels for the Australian dollar / US dollar pair on the H1 scale are: 0.7031, 0.6986, 0.6967, 0.6944, 0.6909, 0.6841, 0.6809 and 0.6757. Here, the situation is in equilibrium, however, we are leaning towards the downward movement of June 23. The continuation of the development of the downward trend is possible after the breakdown of the level of 0.6840. Here, the first goal is 0.6809. The breakdown of which should be accompanied by a pronounced downward movement. Here, the potential target is 0.6757.
The continuation of the upward movement is expected after the breakdown of the level of 0.6909. In this case, the first target is 0.6944. The breakdown of which will lead to a movement to the level of 0.6967. The price passing the noise range 0.6967 – 0.6986 should be accompanied by a pronounced upward movement. Here, the target is 0.7031. Price consolidation is near this level.
The main trend is the equilibrium situation.
Trading recommendations:
- Buy: 0.6910 Take profit: 0.6942
- Buy: 0.6945 Take profit: 0.6967
- Sell : 0.6840 Take profit : 0.6810
- Sell: 0.6807 Take profit: 0.6760
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 determined the subsequent goals for the top from the local ascending structure on June 26. 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: 135.13, 134.40, 133.78, 133.08, 132.02, 131.49, 131.13 and 130.63. Here, we expect the development of the downward structure from June 23 after the breakdown of the level of 132.03. In this case, the target is 131.49. Price consolidation is in the range of 131.49 – 131.13. We consider the level of 130.63 to be a potential value for the bottom. Upon reaching which, we expect consolidation, as well as an upward pullback. The level of 133.08 is a key support for the downward movement and its breakdown will lead to the formation of local initial conditions for the top. In this case, the first goal is 133.78.
Price consolidation is near this level. In general, a pronounced ascending structure is expected to the level of 134.40.
The main trend is the descending structure of June 23
Trading recommendations:
- Buy: 133.10 Take profit: 133.75
- Buy: 133.80 Take profit: 134.40
- Sell: 132.00 Take profit: 131.50
- Sell: 131.13 Take profit: 130.65
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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