10.06.201904:06 Forex Analysis & Reviews: Fractal analysis of major currency pairs for June 10

Forecast for June 10:

Analytical review of H1-scale currency pairs:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1435, 1.1416, 1.1384, 1.1363, 1.1305, 1.1286, 1.1259 and 1.1214. Here, we are following the local ascending structure from June 5th. Short-term upward movement is possible in the corridor 1.1363 - 1.1384. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.1416. We consider the level 1.1435 to be a potential value to the top. Upon reaching this level, we expect consolidation in the corridor 1.1416 - 1.1435, as well as a rollback to the correction.

Short-term downward movement is possible in the corridor 1.1305 - 1.1286. Breaking the last value will lead to a prolonged correction. Here, the goal is 1.1259. This level is a key support for the upward structure. Its price will have the formation of the initial conditions for the downward cycle. Here, the potential goal is 1.1214.

The main trend is the local structure for the top of June 5th.

Trading recommendations:

Buy 1.1363 Take profit: 1.1382

Buy 1.1386 Take profit: 1.1416

Sell: 1.1305 Take profit: 1.1286

Sell: 1.1284 Take profit: 1.1262

For the pound / dollar pair, the key levels on the H1 scale are: 1.2808, 1.2789, 1.2754, 1.2727, 1.2687, 1.2667 and 1.2633. Here, we continue to monitor the development of the upward cycle of May 31. At the moment, the price is in the correction area. Continuation of the movement to the top is expected after the breakdown at level 1.2727. In this case, the goal is 1.2754. Near this level is price consolidation. Breakdown at 1.2755 should be accompanied by a pronounced upward movement. Here, the goal is 1.2808. Price consolidation is in the corridor 1.2789 - 1.2808 and from here, we expect a rollback to the bottom.

Short-term downward movement is possible in the corridor 1.2687 - 1.2667. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.2633. This level is a key support for the rising structure.

The main trend is the upward cycle of May 31.

Trading recommendations:

Buy: 1.2728 Take profit: 1.2752

Buy: 1.2755 Take profit: 1.2787

Sell: 1.2686 Take profit: 1.2668

Sell: 1.2664 Take profit: 1.2638

For the dollar / franc pair, the key levels on the H1 scale are: 0.9987, 0.9961, 0.9930, 0.9911, 0.9858, 0.9846, 0.9816 and 0.9795. Here, the price forms a local structure to continue the downward trend of June 6. Continuation of the movement to the bottom is expected after the price passes the noise range 0.9858 - 0.9846. In this case, the goal is 0.9816. For the potential value to the bottom, we consider the level of 0.9795, near which, we expect consolidation.

Short-term upward movement is possible in the range of 0.9911 - 0.9930. The breakdown of the last value will lead to the cancellation of the downward structure of June 6. In this case, the first potential target is 0.9961. To the level of 0.9987, we expect the initial conditions for the upward cycle to be completed.

The main trend is the downward cycle of May 30, the local structure for the bottom of June 6.

Trading recommendations:

Buy : 0.9911 Take profit: 0.9928

Buy : 0.9932 Take profit: 0.9960

Sell: 0.9846 Take profit: 0.9816

Sell: 0.9814 Take profit: 0.9796

For the dollar / yen pair, the key levels on the scale are : 108.84, 108.43, 107.76, 107.44 and 106.99. Here, we continue to monitor the downward structure of May 30. Short-term downward movement is expected in the corridor 107.76 - 107.44. The breakdown of the last value will lead to the movement of the potential target - 106.99. Upon reaching this level, we expect a rollback to the top.

Short-term upward movement, as well as consolidation, are possible in the corridor 108.45 - 108.84. Level 108.84 is a key support for the downward structure. Its price passage will lead to the formation of the initial conditions for the upward cycle.

The main trend: the local structure for the bottom of May 30, the stage of correction.

Trading recommendations:

Buy: 108.45 Take profit: 108.82

Sell: 107.74 Take profit: 107.45

Sell: 107.42 Take profit: 107.00

For the Canadian dollar / dollar pair, the key levels on the H1 scale are: 1.3403, 1.3379, 1.3339, 1.3299, 1.3250, 1.3225, 1.3167 and 1.3122. Here, we are following the development of the downward structure of May 31. The continuation of the development of the main trend is expected after the price passes the noise range of 1.3250 - 1.3225. In this case, the goal is 1.3167. Consolidation is near this level. For the potential value to the bottom, we consider the level of 1.3122. And from which, we expect a rollback to the top.

Short-term upward movement is possible in the corridor 1.3299 - 1.3339. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3379. The range is between 1.3379 - 1.3403 noise. Before it, we expect the registration of the expressed initial conditions for the ascending cycle.

The main trend is the downward structure of May 31.

Trading recommendations:

Buy: 1.3300 Take profit: 1.3337

Buy : 1.3342 Take profit: 1.3379

Sell: 1.3225 Take profit: 1.3170

Sell: 1.3165 Take profit: 1.3124

For the Australian dollar / dollar pair, the key levels on the H1 scale are : 0.7065, 0.7042, 0.7023, 0.6976, 0.6961 and 0.6941. Here, the subsequent targets for the top is determined from the local ascending structure on June 6th. Continuation of the movement to the top is expected after the breakdown of 0.7004. Here, the first target is 0.7023. Short-term upward movement, as well as consolidation, is in the corridor 0.7023 - 0.7042. For the potential value to the top, we consider the level of 0.7065.

The range of 0.6976 - 0.6961 is a key support to the top. Its price passage will lead to the formation of the initial conditions for the downward cycle. In this case, the potential target is 0.6941.

The main trend is the local ascending structure of June 6.

Trading recommendations:

Buy: 0.7023 Take profit: 0.7040

Buy: 0.7044 Take profit: 0.7065

Sell : 0.6976 Take profit : 0.6962

Sell: 0.6958 Take profit: 0.6941

For the euro / yen pair, the key levels on the H1 scale are: 124.10, 123.77, 123.47, 123.06, 122.87, 122.54, 122.31 and 121.98. Here, we continue to monitor the ascending structure of June 3. Continuation of the movement to the top is expected after the price passes the noise range 122.87 - 123.06. In this case, the goal is 123.47. Price consolidation is in the corridor 123.47 - 123.77. For the potential value to the top, we consider the level of 124.10. After reaching which, we expect a departure to the correction. After reaching which, we expect a departure to the correction.

Short-term downward movement is expected in the corridor 122.54 - 122.31. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 121.98. This level is a key support to the top.

The main trend is the ascending cycle of June 3.

Trading recommendations:

Buy: 123.06 Take profit: 123.45

Buy: 123.48 Take profit: 123.75

Sell: 122.54 Take profit: 122.33

Sell: 122.25 Take profit: 122.00

For the pound / yen pair, the key levels on the H1 scale are : 139.44, 138.98, 138.67, 138.19, 137.47, 137.25, 136.97 and 136.52. Here, we are following the development of the ascending structure of June 4. Continuation of the movement to the top is expected after the breakdown of 138.20. In this case, the goal is 138.67. Short-term upward movement, as well as consolidation, is in the corridor 138.67 - 138.98. For the potential value to the top, we consider the level of 139.44. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is expected in the corridor 137.47 - 137.25. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 136.97. This level is a key support to the top.

The main trend is the ascending structure of June 4.

Trading recommendations:

Buy: 138.20 Take profit: 138.65

Buy: 138.69 Take profit: 138.96

Sell: 137.47 Take profit: 137.27

Sell: 137.20 Take profit: 136.98