20.06.201903:28 Forex Analysis & Reviews: Fractal analysis of major currency pairs on June 20

Forecast for June 20:

Analytical review of H1-scale currency pairs:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1328, 1.1309, 1.1281, 1.1257, 1.1226, 1.1212, 1.1197 and 1.1162. Here, the price forms the potential for upward movement from June 16. The continuation of the movement to the top is expected after the breakdown of the level of 1.1257. In this case, the goal is 1.1281, wherein consolidation is near this level. The breakdown of the level 1.1282 will lead to the development of a pronounced movement. Here, the goal is 1.1309. For the potential value for the top, we consider the level of 1.1328. After reaching which, we expect a consolidation, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 1.1226 - 1.1212. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1197. This level is a key support for the top. Its price will have a downward trend. In this case, the potential goal is 1.1162.

The main trend - the formation of potential for the top of June 18.

Trading recommendations:

Buy 1.1257 Take profit: 1.1280

Buy 1.1283 Take profit: 1.1309

Sell: 1.1226 Take profit: 1.1212

Sell: 1.1196 Take profit: 1.1162

For the pound / dollar pair, the key levels on the H1 scale are: 1.2798, 1.2735, 1.2713, 1.2681, 1.2631, 1.2605 and 1.2566. Here, the price forms the expressed initial conditions for the top of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 1.2681. In this case, the target is 1.2713, wherein consolidation is near this level. The price passage of the noise range 1.2713 - 1.2735 should be accompanied by a pronounced upward movement. Here, the potential target is 1.2798. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is expected in the range of 1.2631 - 1.2605. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2566. This level is a key support for the top. Its price will have a downward trend. In this case, the potential target is 1.2504.

The main trend is the formation of initial conditions for the top of June 18.

Trading recommendations:

Buy: 1.2681 Take profit: 1.2713

Buy: 1.2736 Take profit: 1.2796

Sell: 1.2630 Take profit: 1.2606

Sell: 1.2603 Take profit: 1.2568

For the dollar / franc pair, the key levels on the H1 scale are: 0.9968, 0.9943, 0.9927, 0.9897, 0.9883, 0.9847 and 0.9822. Here, the price forms the potential for the downward cycle of June 19th. The continuation of the movement to the bottom is expected after the price passes the noise range of 0.9897 - 0.9883. In this case, the goal is 0.9847. For the potential value for the bottom, we consider the level of 0.9822. After reaching which, we expect consolidation, as well as rollback to the top.

Short-term upward movement is possible in the range of 0.9927 - 0.9943. The breakdown of the latter value will lead to the development of a protracted correction. Here, the target is 0.9968. This level is a key support for the downward structure.

The main trend is the formation of the potential for the downward movement of June 19.

Trading recommendations:

Buy : 0.9927 Take profit: 0.9942

Buy : 0.9945 Take profit: 0.9966

Sell: 0.9883 Take profit: 0.9850

Sell: 0.9845 Take profit: 0.9824

For the dollar / yen pair, the key levels on the scale are : 108.70, 108.26, 108.09, 107.61, 107.46, 107.22 and 107.08. Here, we follow the development of the downward structure of June 17. The continuation of the movement to the bottom is expected after the price passes the noise range 107.61 - 107.46. In this case, the goal is 107.22. Price consolidation is in the range of 107.22 - 107.08. Hence, the probability of a rollback to the correction is also high.

The range of 108.09 - 108.26 is a key support for the downward structure. Its price passage will have to form the potential for the upward cycle. In this case, the potential target is 108.70.

The main trend: the downward cycle of June 17.

Trading recommendations:

Buy: 108.09 Take profit: 108.24

Buy : 108.28 Take profit: 108.70

Sell: 107.61 Take profit: 107.47

Sell: 107.44 Take profit: 107.22

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3321, 1.3294, 1.3277, 1.3255, 1.3234, 1.3221 and 1.3198. Here, we are following the development of the downward structure of June 18. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.3255. In this case, the target is 1.3234. Meanwhile, in the range of 1.3234 - 1.3221, there is a price consolidation. For the potential value for the bottom, we consider the level of 1.3198. After reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 1.3277 - 1.3294. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3321. This level is a key support for the downward structure.

The main trend - the downward structure of June 18.

Trading recommendations:

Buy: 1.3277 Take profit: 1.3294

Buy : 1.3295 Take profit: 1.3320

Sell: 1.3253 Take profit: 1.3234

Sell: 1.3220 Take profit: 1.3198

For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.6919, 0.6900, 0.6885, 0.6849, 0.6830, 0.6808 and 0.6784. Here, the price forms the potential for the top of June 18th. The consolidated movement is expected in the range of 0.6885 - 0.6900. The breakdown of the last value will begin the development of the ascending structure on the scale of H1. In this case, the potential target is 0.6919.

The continuation of the movement to the bottom is expected after the breakdown of the level of 0.6830. In this case, the goal is 0.6808, wherein consolidation is near this level. For the potential value for the bottom, we consider the level of 0.6784. After reaching which, we expect a rollback to the top.

The main trend - the formation of potential for the top of June 18.

Trading recommendations:

Buy: Take profit:

Buy: 0.6902 Take profit: 0.6919

Sell : 0.6849 Take profit : 0.6832

Sell: 0.6829 Take profit: 0.6808

For the euro / yen pair, the key levels on the H1 scale are: 122.39, 122.09, 121.91, 121.39, 121.14, 120.75 and 120.54. Here, we continue to follow the development of the downward cycle of June 11. The continuation of the movement to the bottom is expected after the breakdown of the level of 121.39. In this case, the target is 121.14, wherein consolidation is near this level. The breakdown of the level of 121.14 must be accompanied by a pronounced downward movement. Here, the goal is 120.75. For the potential value for the bottom, we consider the level of 120.54. After reaching which, we expect a consolidation, as well as a departure to the correction.

Short-term upward movement is expected in the range of 121.91 - 122.09. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 122.39. This level is a key support for the downward structure.

The main trend is the development of the downward structure of June 11.

Trading recommendations:

Buy: 121.91 Take profit: 122.09

Buy: 122.11 Take profit: 122.37

Sell: 121.39 Take profit: 121.18

Sell: 121.12 Take profit: 120.77

For the pound / yen pair, the key levels on the H1 scale are : 138.04, 137.60, 137.30, 136.92, 136.40, 136.18, 135.77 and 135.32. Here, we monitor the formation of the potential for the top of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 136.92. In this case, the goal is 137.30. Meanwhile, in the range of 137.30 - 137.60, there is a short-term upward movement, as well as consolidation. For the potential value for the top, we consider the level of 138.04. The movement to which is expected after the breakdown of the level of 137.60.

Short-term downward movement is possible in the range of 136.40 - 136.18. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 135.77. This level is a key support for the top. Its price passage will count on movement towards the first goal for the downward movement 135.32.

The main trend - the formation of potential for the top of June 18.

Trading recommendations:

Buy: 136.92 Take profit: 137.30

Buy: 137.32 Take profit: 137.60

Sell: 136.18 Take profit: 135.80

Sell: 135.75 Take profit: 135.33