02.04.201903:35 Forex Analysis & Reviews: Fractal analysis of major currency pairs on April 2

Forecast for April 2:

Analytical review of H1-scale currency pairs:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1318, 1.1285, 1.1265, 1.1238, 1.1203, 1.1180 and 1.1134. Here, we continue to follow the development of the downward structure of March 20. Short-term movement to the bottom is expected in the range of 1.1203 - 1.1180. We consider the level 1.1134 to be a potential value for the bottom, after reaching this level, we expect a rollback to the top.

Care in the correction is expected after the breakdown 1.1238. Here, the first goal is 1.1265. Short-term upward movement is possible in the range of 1.1265 - 1.1285. The breakdown of the latter value will have to form the initial conditions for the upward cycle. Here, the potential target is 1.1318.

The main trend is the downward structure of March 20.

Trading recommendations:

Buy 1.1238 Take profit: 1.1265

Buy 1.1287 Take profit: 1.1318

Sell: 1.1203 Take profit: 1.1181

Sell: 1.1178 Take profit: 1.1135

For the pound / dollar pair, the key levels on the H1 scale are 1.3153, 1.3092, 1.3051, 1.2984, 1.2948, 1.2892, 1.2859 and 1.2797. Here, we are following the downward structure of March 27. Continuation of the movement to the bottom is expected after the price passes the noise range 1.2984 - 1.2948. In this case, the goal is 1.2892. Meanwhile, in the range of 1.2892 - 1.2859, there is a price consolidation. For the potential value for the bottom, we consider the level of 1.2797, after reaching which, we expect a rollback to the top.

Consolidated movement is possible in the range of 1.3051 - 1.3092. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3153. This level is a key resistance for the development of the ascending structure. Its breakdown will allow to expect movement to level 1.3271, as well as the formation of pronounced initial conditions for top.

The main trend is the downward structure of March 27, the stage of correction.

Trading recommendations:

Buy: 1.3094 Take profit: 1.3150

Buy: 1.3160 Take profit: 1.3235

Sell: 1.2984 Take profit: 1.2948

Sell: 1.2946 Take profit: 1.2892

For the dollar / franc pair, the key levels on the H1 scale are: 1.0065, 1.0040, 1.0023, 0.9996, 0.9975, 0.9961 and 0.9938. Here, we are following the development of the ascending structure of March 27. Continuation of the movement to the top is expected after the breakdown of 0.9996. In this case, the goal is 1.0023. In the range of 1.0023 - 1.0040, there is a short-term upward movement, as well as consolidation. For the potential value for the top, we consider the level of 1.0065. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.9975 - 0.9961. The breakdown of the last value will lead to a prolonged correction. Here, the target is 0.9938. This level is a key support for the top.

The main trend - the ascending structure of March 27.

Trading recommendations:

Buy: 0.9998 Take profit: 1.0020

Buy: 1.0025 Take profit: 1.0038

Sell: 0.9975 Take profit: 0.9964

Sell: 0.9958 Take profit: 0.9942

For the dollar / yen pair, the key levels on the scale are: 112.69, 112.26, 112.05, 111.69, 111.45, 111.19, 111.00 and 110.67. Here, we are following the development of the ascending structure of March 25. Short-term upward movement is expected in the range of 111.45 - 111.69. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the goal is 112.05. Meanwhile, in the range of 112.05 - 112.26, there is a consolidation. For the potential value for the top, we consider the level of 112.69, after reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 111.19 - 111.00. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 110.67. This level is a key support for the upward structure.

The main trend: the ascending structure of March 25.

Trading recommendations:

Buy: 111.47 Take profit: 111.66

Buy: 111.72 Take profit: 112.05

Sell: 111.19 Take profit: 111.03

Sell: 110.98 Take profit: 110.70

For the Canadian dollar / US dollar pair , the key levels on the H1 scale are: 1.3381, 1.3349, 1.3329, 1.3300, 1.3257, 1.3229 and 1.3189. Here, we continue to follow the development of the downward structure of March 28. Continuation of the movement to the bottom as an impulse is expected after the breakdown 1.3300. In this case, the target is 1.3257. Meanwhile, in the range of 1.3257 - 1.3229, there is a short-term downward movement, as well as consolidation. For the potential value for the bottom, we consider the level of 1.3189, after reaching this level, we expect a rollback to the top.

Short-term upward movement is possible in the range of 1.3329 - 1.3349. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3381. This level is a key support for the downward structure of March 28.

The main trend is the downward structure of March 28.

Trading recommendations:

Buy: 1.3330 Take profit: 1.3347

Buy: 1.3351 Take profit: 1.3380

Sell: 1.3300 Take profit: 1.3260

Sell: 1.3255 Take profit: 1.3230

For the pair Australian dollar / US dollar , key levels on the H1 scale are: 0.7183, 0.7155, 0.7131, 0.7096, 0.7081 and 0.7061. Here, the situation is in equilibrium. The development of the ascending structure of March 28 is expected after the breakdown of 0.7131. In this case, the goal is 0.7155, wherein a consolidation is near this level. For the potential value for the top, we consider the level of 0.7183.

Short-term downward movement is possible in the range of 0.7096 - 0.7081. Hence, there is a probability of a reversal to the top. A breakdown of the level of 0.7081 will have to develop the downward structure. Here, the first target is 0.7061.

The main trend is the equilibrium situation, mainly we expect a movement to the top.

Trading recommendations:

Buy: 0.7131 Take profit: 0.7155

Buy: 0.7757 Take profit: 0.7180

Sell: 0.7096 Take profit: 0.7082

Sell: 0.7078 Take profit: 0.7062

For the euro / yen pair, the key levels on the H1 scale are: 125.93, 125.43, 125.01, 124.39, 124.06, 123.59 and 123.03. Here, we are following the formation of the ascending structure of March 28. Continuation of the movement to the top is expected after the breakdown of 125.01. In this case, the goal is 125.43. There is a consolidation is near this level and we are waiting for clearance of the expressed initial conditions for the upward cycle. For the potential value for the top, we consider the level of 125.93.

Short-term downward movement is possible in the range of 124.39 - 124.06. The breakdown of the latter value will have to the development of the downward movement. Here, the first goal is 123.59.

The main trend is the formation of the ascending structure of March 28.

Trading recommendations:

Buy: 125.01 Take profit: 125.40

Buy: 125.50 Take profit: 125.90

Sell: 124.39 Take profit: 124.10

Sell: 124.00 Take profit: 123.70

For the pound / yen pair, key levels on the H1 scale are: 148.20, 147.24, 146.51, 145.17, 144.76, 144.29 and 143.83. Here, we are following the formation of the ascending structure of March 29. Continuation of the movement to the top is expected after the breakdown of 146.51. In this case, the goal is 147.24, and near this level is a price consolidation. For the potential value for the top, we consider the level of 148.20, from which we expect a rollback.

Short-term downward movement is possible in the range of 145.17 - 144.76. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 144.29. This level is a key support for the upward structure.

The main trend is the formation of the ascending structure of March 29.

Trading recommendations:

Buy: 146.51 Take profit: 147.20

Buy: 147.30 Take profit: 148.20

Sell: 145.17 Take profit: 144.78

Sell: 144.73 Take profit: 144.32