Forecast for April 21:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.0994, 1.0945, 1.0915, 1.0890, 1.0845, 1.0804, 1.0753 and 1.0718. Here, we are following the development of the initial conditions for the downward cycle of April 14. Short-term downward movement is expected in the range of 1.0845 – 1.0804. Breaking through the level of 1.0804 should be accompanied by a pronounced downward movement. Here, the target is 1.0753. We consider the level of 1.0718 to be a potential value for the downward trend. Upon reaching which, we expect consolidation, as well as an upward pullback.
Short-term upward movement is possibly in the range of 1.0890 – 1.0915. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.0945. This level is a key support for the downward structure. Its passage in price will lead to the formation of initial conditions for the top. Here, the potential target is 1.0994.
The main trend is the initial conditions for the downward cycle of April 14.
Trading recommendations:
- Buy: 1.0890 Take profit: 1.0913
- Buy: 1.0920 Take profit: 1.0945
- Sell: 1.0845 Take profit: 1.0808
- Sell: 1.0800 Take profit: 1.0755
For the pound / dollar pair, the key levels on the H1 scale are: 1.2538, 1.2482, 1.2443, 1.2363, 1.2286, 1.2234 and 1.2163. Here, we are following the development of the descending structure of April 14. The continuation of the downward movement is expected after the breakdown of the level of 1.2363. In this case, the target is 1.2286. A short-term downward movement, as well as consolidation is in the range of 1.2286 – 1.2234. For the potential value for the bottom, we consider the level of 1.2163. Upon reaching this level, we expect an upward pullback.
A short-term upward movement is possible in the range between 1.2443 – 1.2482. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.2538. This level is a key support for the downward structure.
The main trend is the initial conditions for the downward cycle of April 14.
Trading recommendations:
- Buy: 1.2444 Take profit: 1.2480
- Buy: 1.2485 Take profit: 1.2535
- Sell: 1.2363 Take profit: 1.2290
- Sell: 1.2280 Take profit: 1.2240
For the dollar / franc pair, the key levels on the H1 scale are: 0.9810, 0.9781, 0.9740, 0.9706, 0.9644, 0.9619, 0.9590 and 0.9530. Here, we are following the formation of the initial conditions for the upward cycle of April 14. The continuation of the upward movement is expected after breaking through the level of 0.9706. In this case, the target is 0.9740, where consolidation is near this level. After the price breaks through this level, it will lead to the development of a pronounced upward movement. In this case, the target is 0.9781. For the potential value for the top, we consider the level of 0.9810. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possibly in the range of 0.9644 – 0.9619. Breaking through the latter value will favor the development of a downward movement. Here, the first goal is 0.9590. For the potential value for the downward movement, we consider the level of 0.9530.
The main trend is the formation of initial conditions for the upward cycle of April 14.
Trading recommendations:
- Buy : 0.9706 Take profit: 0.9735
- Buy : 0.9742 Take profit: 0.9780
- Sell: 0.9644 Take profit: 0.9622
- Sell: 0.9618 Take profit: 0.9590
For the dollar / yen pair, the key levels on the scale are : 109.26, 108.96, 108.51, 108.16, 107.81, 107.35, 107.19 and 106.89. Here, we are following the initial conditions for the top of April 15. The resumption of the upward movement is possible after the breakdown of the level of 107.81. In this case, the first goal is 108.16. The breakdown of which, in turn, will allow you to expect the development of an upward cycle. Here, the goal is 108.51, where consolidation is near this level. Breaking through the level of 108.51 will lead to a pronounced upward movement. In this case, the target is 108.96. For the potential value for the bottom, we consider the level of 109.26. Upon reaching this level, we expect a downward pullback.
Short-term downward movement is possible in the range of 107.62 – 107.35. The range between 107.35 – 107.19 is a key support for the top. Its passage at the price will lead to the development of a downward structure. In this case, the potential target is 106.89.
The main trend: initial conditions for the top of April 15.
Trading recommendations:
- Buy: 107.81 Take profit: 108.14
- Buy : 108.16 Take profit: 108.50
- Sell: 107.19 Take profit: 106.90
- Sell: 106.85 Take profit: 106.50
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.4398, 1.4327, 1.4226, 1.4144, 1.4061, 1.4005, 1.3926 and 1.3856. Here, we are following the formation of a medium-term ascendant structure of April 14. The continuation of the upward movement is expected after the breakdown of the level of 1.4144. In this case, the target is 1.4226 and price consolidation is near this level. The breakdown of the level of 1.4226 will lead to the development of a pronounced upward movement. In this case, the target is 1.4327. For the potential value for the top, we consider the level of 1.4398. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 1.4061 – 1.4005. The breakdown of the latter value will lead to a long correction. In this case, the target is 1.3926. This level is a key support for the top.
The main trend is the formation of medium-term initial conditions for the upward movement of April 14
Trading recommendations:
- Buy: 1.4145 Take profit: 1.4220
- Buy : 1.4230 Take profit: 1.4325
- Sell: 1.4060 Take profit: 1.4010
- Sell: 1.4000 Take profit: 1.3940
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6443, 0.6399, 0.6368, 0.6287, 0.6247, 0.6223, 0.6163, 0.6120 and 0.6060. Here, we are following the formation of the initial conditions for the downward cycle of April 14. The continuation of the downward movement is expected after the breakdown of the level of 0.6287. In this case, the first target is 0.6247, passing through the noise range 0.6247 – 0.6223 will lead to a pronounced movement to the level of 0.6163. A short-term downward movement, as well as consolidation is in the range of 0.6163 – 0.6120. For the potential value for the bottom, we consider the level 0.6060. Upon reaching which, we expect a downward pullback.
A short-term upward movement is possibly in the range of 0.6368 – 0.6399. This range is a key support for the downward structure and its passage will lead to the development of the downward movement. In this case, the target is 0.6643.
The main trend is the formation of initial conditions for the downward cycle of April 14
Trading recommendations:
- Buy: 0.6368 Take profit: 0.6395
- Buy: 0.6400 Take profit: 0.6440
- Sell : 0.6287 Take profit : 0.6247
- Sell: 0.6220 Take profit: 0.6165
For the euro / yen pair, the key levels on the H1 scale are: 117.44, 116.94, 116.63, 116.02, 115.56, 114.95 and 114.55. Here, we are following the development of the descending structure of April 9. A short-term downward movement is expected in the range of 116.02 – 115.56. The breakdown of the last value will lead to the development of the expressed movement. In this case, the target is 114.95. For the potential value for the bottom, we consider the level of 114.55. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of16.63 – 116.94. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 117.44. This level is a key support for the downward structure.
The main trend is the descending structure of April 9
Trading recommendations:
- Buy: 116.63 Take profit: 116.92
- Buy: 116.96 Take profit: 117.40
- Sell: 116.00 Take profit: 115.58
- Sell: 115.54 Take profit: 114.95
For the pound / yen pair, the key levels on the H1 scale are : 134.61, 133.91, 133.54, 133.13, 132.47, 132.02 and 131.43. Here, we are following the development of the descending structure of April 14. The continuation of the downward movement is expected after the breakdown of the level of 133.13. In this case, the target is 132.47. A short-term downward movement as well as consolidation is in the range between 132.47 – 132.02. For the potential value for the bottom, we consider the level of 131.43. Upon reaching which, we expect an upward pullback.
Short-term upward movement is possible in the range of 133.54 – 133.91. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 134.61. This level is a key support for the downward cycle.
The main trend is the downward cycle of April 14.
Trading recommendations:
- Buy: 133.55 Take profit: 133.88
- Buy: 133.95 Take profit: 134.60
- Sell: 133.10 Take profit: 132.50
- Sell: 132.45 Take profit: 132.06
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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