Forecast for May 27:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1090, 1.1041, 1.1025, 1.0995, 1.0946, 1.0919, 1.0898 and 1.0869. Here, the price registered local initial conditions of May 25 to continue the upward trend on May 14. The continuation of the upward movement is expected after the breakdown of the level of 1.0995. In this case, the target is 1.1025. Price consolidation is near this level. The price passing the noise range of 1.1025 – 1.1041 should be accompanied by a pronounced upward movement. Here, the potential target is 1.1090.
A short-term upward movement is expected in the range of 1.0946 – 1.0919, hence, there is a high probability of an upward reversal. The range of 1.0919 – 1.0898 is a key support for the upward structure and price passing this level will favor the development of a downward trend. In this case, the target is 1.0869.
The main trend is the local structure for the top of May 25
Trading recommendations:
- Buy: 1.0995 Take profit: 1.1025
- Buy: 1.1043 Take profit: 1.1090
- Sell: 1.0944 Take profit: 1.0920
- Sell: 1.0896 Take profit: 1.0870
For the pound / dollar pair, the key levels on the H1 scale are: 1.2566, 1.2515, 1.2438. 1.2361, 1.2288, 1.2259, 1.2208 and 1.2160. Here, the price registered a local upward structure from May 25 to continue the main trend. The continuation of the upward movement is expected after the breakdown of the level of 1.2361. In this case, the target is 1.2438. Price consolidation is near this level. The breakdown of the level of 1.2440 should be accompanied by a pronounced upward movement. Here, the target is 1.2515. For the potential value for the top, we consider the level of 1.2566. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 1.2288 – 1.2260. The breakdown of the last level will lead to an in-depth correction. Here, the target is 1.2208. This level is a key support for the top.
The main trend is the upward trend of May 15 and the local structure of May 25
Trading recommendations:
- Buy: 1.2361 Take profit: 1.2436
- Buy: 1.2440 Take profit: 1.2515
- Sell: 1.2257 Take profit: 1.2210
- Sell: 1.2206 Take profit: 1.2160
For the dollar / franc pair, the key levels on the H1 scale are: 0.9702, 0.9684, 0.9672, 0.9645, 0.9618, 0.9586 and 0.9564. Here, the price registered the potential of May 25 for the development of a downward trend. The continuation of the upward movement is expected after the breakdown of the level of 0.9645. 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. Here, the target is 0.9586. For the potential value for the bottom, we consider the level of 0.9564. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 0.9672 – 0.9684. The breakdown of the latter value will lead to an in-depth correction. Here, the potential target is 0.9702. This level is a key support for the downward structure.
The main trend is the formation of the downward structure of May 25
Trading recommendations:
- Buy : 0.9685 Take profit: 0.9700
- Buy : 0.9704 Take profit: 0.9728
- Sell: 0.9645 Take profit: 0.9622
- Sell: 0.9616 Take profit: 0.9588
For the dollar / yen pair, the key levels on the scale are : 108.43, 108.31, 108.09, 107.91, 107.46, 107.24 and 106.77. Here, we mainly expect the development of the descending structure of May 19. Short-term upward movement is expected in the range of 107.91 – 108.09. The breakdown of the last level should be accompanied by a pronounced upward movement. In this case, the target is 108.31. For the potential value for the top, we consider the level of 108.45. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 107.46 – 107.24. The breakdown of the last level will lead to the development of a downward structure from May 19. In this case, the potential target is 106.77.
The main trend: the upward structure of May 14, the correction stage
Trading recommendations:
- Buy: 107.91 Take profit: 108.07
- Buy : 108.11 Take profit: 108.30
- Sell: 107.44 Take profit: 107.25
- Sell: 107.20 Take profit: 106.80
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3942, 1.3873, 1.3829, 1.3758, 1.3705 and 1.3627. Here, we returned to the consideration of the medium-term downward cycle of May 14. Short-term downward movement is expected in the range of 1.3758 – 1.3705. The breakdown of the last level will allow us to expect movement to a potential target – 1.3627. Upon reaching this level, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 1.3829 – 1.3873. The breakdown of the last level will lead to the development of an in-depth correction. Here, the potential goal is 1.3942. We expect the initial conditions for the upward cycle to be formed to this level.
The main trend is the medium-term downward trend of May 14
Trading recommendations:
- Buy: 1.3829 Take profit: 1.3870
- Buy : 1.3875 Take profit: 1.3940
- Sell: 1.3756 Take profit: 1.3709
- Sell: 1.3703 Take profit: 1.3637
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6792, 0.6760, 0.6705, 0.6666, 0.6614, 0.6585, 0.6552 and 0.6509. Here, we are following the development of the upward cycle of May 15. The continuation of the upward movement is expected after the breakdown of the level of 0.6666. In this case, the target is 0.6705. Price consolidation is near this level. The breakdown of the level of 0.6705 should be accompanied by a pronounced upward movement. Here, the target is 0.6760. For the potential value for the top, we consider the level of 0.6792. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 0.6614 – 0.6585. The breakdown of the last level will lead to an in-depth correction. Here, the target is 0.6552. This level is a key support for the upward structure and its breakdown will lead to the formation of initial conditions for the downward cycle. In this case, the goal is 0.6509.
The main trend is the upward structure of May 15
Trading recommendations:
- Buy: 0.6666 Take profit: 0.6705
- Buy: 0.6707 Take profit: 0.6760
- Sell : 0.6614 Take profit : 0.6587
- Sell: 0.6583 Take profit: 0.6552
For the euro / yen pair, the key levels on the H1 scale are: 119.69, 119.34, 118.83, 118.41, 117.59, 117.30 and 116.96. Here, the price registered a local upward structure on May 22. The continuation of the upward movement is expected after the breakdown of the level of 118.41. In this case, the goal is 118.83. Price consolidation is near this level. The breakdown of the level of 118.85 should be accompanied by a pronounced upward movement. Here, the goal is 119.34. For the potential value for the top, we consider the level of 119.69. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 117.59 – 117.30, hence, the high probability of a reversal to the top. The breakdown of the level of 117.30 will have the downward structure. In this case, the target is 116.96.
The main trend is the local ascending structure of May 22
Trading recommendations:
- Buy: 118.41 Take profit: 118.80
- Buy: 118.85 Take profit: 119.30
- Sell: 117.59 Take profit: 117.32
- Sell: 117.28 Take profit: 116.96
For the pound / yen pair, the key levels on the H1 scale are : 135.26, 134.28, 133.86, 133.16, 132.13, 131.65 and 130.98. Here, we are following the development of the ascending structure of May 15. The continuation of the upward movement is expected after the breakdown of the level of 133.16. In this case, the target is 133.86. Price consolidation is in the range of 133.86 – 134.28. For the potential value for the top, we consider the level of 135.26. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 132.13 – 131.65. The breakdown of the last level will lead to an in-depth correction. Here, the potential target is 130.98. The main trend is the upward structure of May 15
Trading recommendations:
- Buy: 133.16 Take profit: 133.86
- Buy: 134.30 Take profit: 135.25
- Sell: 132.13 Take profit: 131.66
- Sell: 131.63 Take profit: 131.00
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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