08.04.201903:46 Forex-elemzések és áttekintések: Fractal analysis of major currency pairs for April 8

Forecast for April 8:

Analytical review of H1-scale currency pairs:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1327, 1.1307, 1.1282, 1.1259, 1.1227, 1.1210, 1.1180 and 1.1134. Here, we continue to monitor the formation of the ascending structure of April 2. Short-term ascending movement is expected in the corridor 1.1259 - 1.1282. The breakdown of the latter value will allow us to count on the movement to the level 1.1307. For the potential value for the top, we consider the level of 1.1327. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the corridor 1.1227 - 1.1210. Hence, there is a probability of a reversal to the top. The breakdown of the level 1.1210 will have to develop the downward structure. In this case, the first potential target is 1.1180.

The main trend is the formation of initial conditions for the top of April 2.

Trading recommendations:

Buy 1.1260 Take profit: 1.1280

Buy 1.1284 Take profit: 1.1305

Sell: 1.1227 Take profit: 1.1211

Sell: 1.1208 Take profit: 1.1189

For the pound / dollar pair, the key levels on the H1 scale are: 1.3123, 1.3088, 1.3059, 1.2984, 1.2959, 1.2924 and 1.2876. Here, we follow the formation of the downward structure of April 4. Short-term downward movement is expected in the corridor 1.2984 - 1.2959. The breakdown of the latter value will lead to the movement to the level of 1.2924. We expect consolidation near this value. For the potential value for the bottom, we consider the level of 1.2876. From which, we expect the departure of a correction.

Short-term upward movement is possible in the corridor 1.3059 - 1.3088. Breaking the last value will lead to a prolonged correction. Here, the target is 1.3123. This level is a key support for the downward structure.

The main trend is the formation of the downward structure of April 4.

Trading recommendations:

Buy: 1.3060 Take profit: 1.3085

Buy: 1.3090 Take profit: 1.3120

Sell: 1.2984 Take profit: 1.2960

Sell: 1.2957 Take profit: 1.2926

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 expect movement to level 1.0023, in the corridor 1.0023 - 1.0040 for short-term upward movement, as well as consolidation. For the potential value to the top, we consider the level of 1.0065. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Consolidated movement is possible in the corridor 0.9975 - 0.9961. The breakdown of the latter 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 is the upward 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, 111.62, 111.42 and 111.14. Here, we are following the development of the ascending structure of March 25. At the moment, the price is in the correction. In general, we expect movement to the level of 112.05, in the corridor 112.05 - 112.26 for short-term upward movement, as well as consolidation. For the potential value to the top, we consider the level of 112.69. After reaching which, we expect a rollback at the bottom.

Short-term downward movement is possible in the corridor 111.62 - 111.42. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 111.14. This level is a key support for the upward structure.

The main trend is the rising structure of March 25.

Trading recommendations:

Buy: 111.72 Take profit: 112.05

Buy: 112.07 Take profit: 112.24

Sell: 111.62 Take profit: 111.44

Sell: 111.40 Take profit: 111.15

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3466, 1.3441, 1.3420, 1.3396, 1.3363, 1.3347 and 1.3324. Here, we are following the development of the ascending structure of April 3. Continuation of the movement to the top is expected after the breakdown 1.3396. In this case, the target is 1.3420, and consolidation is near this level. Breakout of the level 1.3420 will allow us to count on the movement to 1.3441. For the potential value to the top, we consider the level of 1.3466. From which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range 1.3363 - 1.3347. The breakdown of the latter value will lead to the development of a protracted correction. Here, the target is 1.3324. This level is a key support for the top.

The main trend is the ascending cycle of April 3rd.

Trading recommendations:

Buy: 1.3396 Take profit: 1.3420

Buy : 1.3422 Take profit: 1.3440

Sell: 1.3363 Take profit: 1.3350

Sell: 1.3345 Take profit: 1.3326

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.7202, 0.7183, 0.7153, 0.7131, 0.7106, 0.7092, 0.7074 and 0.7048. Here, we continue to follow the formation of the ascending structure from April 2. At the moment, the price is in the correction. Continuation of the movement to the top is expected after the breakdown of 0.7131. In this case the goal is 0.7153, and consolidation is near this level. The breakdown of the level of 0.7155 will lead to the development of a pronounced movement. Here, the target is 0.7183. For the potential value for the top, we consider the level of 0.7202. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Consolidated movement is possible in the range of 0.7106 - 0.7092. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 0.7074. This level is a key support for the top.

Trading recommendations:

Buy: 0.7131 Take profit: 0.7150

Buy: 0.7155 Take profit: 0.7180

Sell : 0.7090 Take profit : 0.7077

Sell: 0.7070 Take profit: 0.7050

For the euro / yen pair, the key levels on the H1 scale are: 126.75, 126.27, 125.93, 125.43, 125.01, 124.78 and 124.44. Here, we are following the development of the ascending cycle of March 28. For the continuation of the movement to the top, we expect 125.45 after the breakdown. In this case, the goal is 125.93 in the corridor 125.93 - 126.27 for short-term upward movement, as well as consolidation. For the potential value to the top, we consider the level of 126.75. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the corridor 125.01 - 124.78. The breakdown of the latter value will lead to a prolonged correction. In this case, the goal is 124.44. This level is a key support for the top.

The main trend is the upward cycle of March 28.

Trading recommendations:

Buy: 125.45 Take profit: 125.90

Buy: 125.95 Take profit: 126.20

Sell: 125.00 Take profit: 124.80

Sell: 124.75 Take profit: 124.50

For the pound / yen pair, the key levels on the H1 scale are 149.76, 148.87, 148.20, 147.24, 146.61, 146.09, 144.93 and 143.83. Here, the price is close to the level for cancellation of the ascending structure of March 29. A break of 144.90 is necessary. A break of 144.90 is necessary. In this case, a potential target for the downward movement is 143.90. Short-term upward movement is possible in the corridor 146.09 - 146.61. The continuation of the main upward trend development is expected after the breakdown of 146.61. Here, the first target is 147.24. The breakdown of which, in turn, must be accompanied by a pronounced move to the top. In this case, the target is 148.20. The short-term upward movement is expected in the corridor 148.20 - 148.87. Hence, the likelihood of the price going to a correction is also high. For the potential value to the top, we consider the level of 149.76. From which, we expect a rollback to the bottom.

The main trend is the upward structure of March 29, the stage of deep correction.

Trading recommendations:

Buy: 146.10 Take profit: 146.60

Buy: 146.64 Take profit: 14720

Sell: 144.90 Take profit: 144.00