Forecast for April 1:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1273, 1.1220, 1.1133, 1.1068, 1.0988, 1.0942 and 1.0870. Here, we continue to monitor the development of the ascending structure of March 20. We expect short-term upward movement, as well as consolidation, in the range of 1.1068 – 1.1133. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.1220. For the potential value for the top, we consider the level of 1.1273. Upon reaching which, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 1.0988 – 1.0942. The breakdown of the latter value will lead to an in-depth correction. Here, the potential target is 1.0870. This level is a key support for the top.
The main trend is the upward structure of March 20
Trading recommendations:
- Buy: 1.1068 Take profit: 1.1130
- Buy: 1.1135 Take profit: 1.1220
- Sell: 1.0988 Take profit: 1.0944
- Sell: 1.0940 Take profit: 1.0870
For the pound / dollar pair, the key levels on the H1 scale are: 1.2879, 1.2654, 1.2550, 1.2315, 1.2216 and 1.2099. Here, we are following the development of the upward cycle of March 19. Short-term upward movement is expected in the range of 1.2550 – 1.2654. The breakdown of the latter value will lead to a pronounced movement. Here, the potential target is 1.2550. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is expected in the range of 1.2315 – 1.2216. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2099. This level is a key support for the top.
The main trend is the upward cycle of March 19
Trading recommendations:
- Buy: 1.2550 Take profit: 1.2652
- Buy: 1.2655 Take profit: 1.2876
- Sell: 1.2315 Take profit: 1.2218
- Sell: 1.2214 Take profit: 1.2100
For the dollar / franc pair, the key levels on the H1 scale are: 0.9781, 0.9719, 0.9690, 0.9649, 0.9579, 0.9539, 0.9497, 0.9424 and 0.9342. Here, the price has formed the potential for the top of March 30. The continuation of the movement to the top is expected after the breakdown of the level of 0.9649. In this case, the target is 0.9690. Price consolidation is in the range of 0.9690 – 0.9719. For the potential value for the top, we consider the level of 0.9781. Upon reaching this value, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 0.9579 – 0.9539. The breakdown of the latter value will lead to the development of a downward movement. Here, the target is 0.9497. The breakdown of which, in turn, will allow us to count on movement to the level of 0.9424. For the potential value for the bottom, we consider the level of 0.9342.
The main trend is the downward cycle of March 20, the potential for the top of March 30
Trading recommendations:
- Buy : 0.9649 Take profit: 0.9690
- Buy : 0.9720 Take profit: 0.9780
- Sell: 0.9579 Take profit: 0.9542
- Sell: 0.9537 Take profit: 0.9497
For the dollar / yen pair, the key levels on the scale are : 109.58, 108.72, 108.17, 107.27, 106.56, 106.10 and 105.15. Here, we are following the development of the downward structure of March 25. At the moment, the price is in correction. The continuation of movement to the bottom is expected after the breakdown of the level of 107.27. In this case, the target is 106.56. Price consolidation is in the range of 106.56 – 106.10. For the potential value for the bottom, we consider the level of 105.15. Upon reaching this level, we expect a rollback to the top.
Consolidated movement is possibly in the range of 108.17 – 108.72. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 109.58. This level is a key support for the downward structure.
Main trend: the downward trend of March 25
Trading recommendations:
- Buy: 108.17 Take profit: 108.70
- Buy : 108.74 Take profit: 109.56
- Sell: 107.25 Take profit: 106.56
- Sell: 106.10 Take profit: 105.15
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.4344, 1.4215, 1.4119, 1.3956, 1.3747, 1.3615 and 1.3425. Here, we are following the development of the downward cycle of March 19. At the moment, the price is in correction. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.3956. In this case, we expect a pronounced movement. Here, the target is 1.3747.
Short-term downward movement, as well as consolidation is in the range of 1.3747 – 1.3615. For the potential value for the bottom, we consider the level of 1.3425. Upon reaching this level, we expect a pullback to the top.
Consolidated movement is possibly in the range of 1.4119 – 1.4215. The breakdown of the last value will lead to an in-depth correction. Here, the potential target is 1.4344. This level is a key support for the downward structure.
The main trend is the descending structure of March 19.
Trading recommendations:
- Buy: Take profit:
- Buy : 1.4217 Take profit: 1.4344
- Sell: 1.3954 Take profit: 1.3750
- Sell: 1.3745 Take profit: 1.3620
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6596, 0.6511, 0.6352, 0.6241, 0.6031, 0.5935 and 0.5779. Here, we are following the development of the upward cycle of March 19. At the moment, we expect a movement to the level of 0.6241. Short-term downward movement, as well as consolidation is in the range of 0.6241 – 0.6352. The breakdown of the level of 0.6352 will lead to a pronounced upward movement. Here, the potential target is 0.6595. Price consolidation is in the range of 0.6595 – 0.6511.
Short-term downward movement is possibly in the range of 0.6031 – 0.5935. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.5779. This level is a key support for the top.
The main trend is the upward structure of March 19
Trading recommendations:
- Buy: 0.6241 Take profit: 0.6350
- Buy: 0.6354 Take profit: 0.6511
- Sell : 0.6030 Take profit : 0.5935
- Sell: 0.5933 Take profit: 0.5780
For the euro / yen pair, the key levels on the H1 scale are: 121.07, 119.67, 119.01, 117.95, 117.12, 116.48 and 115.23. Here, we are following the development of the descending structure of March 25. The continuation of the movement to the bottom is expected after the breakdown of the level of 117.95. In this case, the goal is 117.12. Price consolidation is in the range of 117.12 – 116.48. For the potential value for the downward movement, we consider the level of 115.23. Upon reaching which, we expect a pullback to the top.
Short-term upward movement is possibly in the range 119.01 – 119.67. The breakdown of the latter value will lead to the formation of initial conditions for the top. In this case, the potential target is 121.07.
The main trend is the descending structure of March 25
Trading recommendations:
- Buy: 119.01 Take profit: 119.65
- Buy: 119.70 Take profit: 121.05
- Sell: 117.95 Take profit: 117.12
- Sell: 116.45 Take profit: 115.25
For the pound / yen pair, the key levels on the H1 scale are : 140.54, 138.12, 136.99, 134.93, 133.59, 131.58, 129.78 and 127.47. Here, we are following the development of the upward cycle of March 18. Short-term upward movement is expected in the range of 133.59 – 134.93. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 136.99. Price consolidation is in the range of 136.99 – 138.12. For the potential value for the top, we consider the level of 140.54. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 131.58 – 129.78. The breakdown of the latter value will lead to in-depth movement. Here, the target is 127.47. This level is a key support for the upward structure.
The main trend is the upward cycle of March 18
Trading recommendations:
- Buy: 133.60 Take profit: 134.90
- Buy: 134.95 Take profit: 136.99
- Sell: 131.58 Take profit: 129.80
- Sell: 129.70 Take profit: 127.50
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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