Dear colleagues.
For the pair Euro / Dollar, the upward structure of July 26 is considered as the local initial conditions. For the Pound / Dollar pair, we have expanded the potential for the upward cycle from July 20 to the level of 1.3245. For the Dollar / Franc pair, the 0.9473 level is the key support for the upside structure. For the pair Dollar / Yen, subsequent goals for the downward movement were determined from the descending cycle on July 7. For the pair Euro / Yen, we expect the continuation of the upward movement after the breakdown of 130.77. For the pair Pound / Yen, the price forms the potential for the top of July 24.
Forecast for July 27:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1887, 1.1849, 1.1782, 1.1715, 1.1693, 1.1659 and 1.1610. Here, we consider the ascending structure of July 26 as the local initial conditions. The continued upward movement is expected after the breakdown of 1.1782. In this case, the target is 1.1849 and near this level is the consolidation of the price. The potential value for the top is the level of 1.1887, after which we expect consolidation and a pullback to the bottom.
The short-term downward movement is possible in the corridor of 1.1715 - 1.1693 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1659 and this level is the key support for the upward movement. Its breakdown will have a downward tendency and the target is 1.1610.
The main trend is the local structure for the top of July 26.
Trading recommendations:
Buy: 1.1782 Take profit: 1.1846
Buy: 1.1850 Take profit: 1.1885
Sell: 1.1692 Take profit: 1.1662
Sell: 1.1657 Take profit: 1.1612
For the Pound / Dollar pair, key levels on the scale of H1 are: 1.3245, 1.3218, 1.3174, 1.3124, 1.3097 and 1.3051. Here, we continue to follow the upward cycle of July 20. The continued upward movement is expected after the breakdown of 1.3174. In this case, the target is 1.3218 and near this level is the consolidation of the price. The potential value for the top is the level of 1.3245, upon reaching which we expect the departure to correction.
The short-term downward movement is possible in the corridor of 1.3124 - 1.3097 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3055 and this level is the key support for the upward structure.
The main trend is the upward cycle from July 20.
Trading recommendations:
Buy: 1.3176 Take profit: 1.3218
Buy: 1.3219 Take profit: 1.3244
Sell: 1.3124 Take profit: 1.4000
Sell: 1.3095 Take profit: 1.3055
For the Dollar / Frank pair, the key levels on the scale of H1 are: 0.9622, 0.9598, 0.9564, 0.9536, 0.9493, 0.9473 and 0.9440. Here, we follow the formation of the upward structure from July 21. At the moment, the price is close to its cancellation, for which a breakdown of the level of 0.9473 is required. In this case, the first target is 0.9440. The continued upward movement is expected after the breakdown of 0.9536. In this case, the target is 0.9564 and in this range is the consolidation of the price. The breakdown at the level of 0.9565 will allow us to count on the move to the level of 0.9598. The potential value for the top is the level of 0.9622, after which we expect consolidation.
The main trend is the formation of the upward structure from July 21, the stage of deep correction.
Trading recommendations:
Buy: 0.9536 Take profit: 0.9562
Buy: 0.9566 Take profit: 0.9595
Sell: Take profit:
Sell: 0.9470 Take profit: 0.9445
For the pair Dollar / Yen, the key levels on the scale of H1 are: 112.66, 112.18, 111.60, 111.32, 110.57, 110.20, 109.74, 109.44 and 108.85. Here, we determined the subsequent goals for the downward movement from the descending cycle on July 7. The continuation of the movement downwards is expected after the breakdown of 110.57. Here, the target is 110.20 and in this range is the consolidation. The breakdown at 110.20 level should be accompanied by a pronounced downward movement to the level of 109.74 and in the corridor of 109.74 - 109.44 is the consolidation of the price. The potential value for the bottom is the level of 108.85, from which we expect the correction to go.
The short-term upward movement is possible in the corridor of 111.32 - 111.60 and the breakdown of the last value will have to develop an ascending structure. Here, the first target is 112.18 and the potential value for the top is 112.66.
The main trend is the downward structure of July 7.
Trading recommendations:
Buy: 111.32 Take profit: 111.60
Buy: 111.64 Take profit: 112.16
Sell: 110.55 Take profit: 110.25
Sell: 110.18 Take profit: 109.76
For the Canadian Dollar / Dollar pair, the key levels on the scale of H1 are: 1.2775, 1.2643, 1.2559, 1.2460, 1.2388 and 1.2252. Here, we follow the downward cycle from June 8th. The short-term downward movement is expected in the range of 1.2460 - 1.2388. Hence, the probability of a turn in correction is high and the break of the level of 1.2385 will allow counting on the movement to the maximum target of 1.2252.
The short-term upward movement is possible in the corridor of 1.2559 - 1.2643 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2775 and to this level on the scale of H1, we expect the formation of pronounced initial conditions for the upward cycle.
The main trend is the downward cycle from June 8.
Trading recommendations:
Buy: 1.2560 Take profit: 1.2640
Buy: 1.2645 Take profit: 1.2773
Sell: 1.2460 Take profit: 1.2390
Sell: 1.2386 Take profit: 1.2255
For the Australian Dollar / Dollar pair, the key levels on the scale of H1 are: 0.8201, 0.8150, 0.8116, 0.8066, 0.8002, 0.7970 0.7927 and 0.7872. Here, the subsequent goals for the top were determined from the local upward structure of July 26. The continued upward movement is expected after the breakdown of 0.8066. In this case, the target is 0.8116 and in the corridor of 0.8116 - 0.8150 is the consolidation of the price. The potential value for the top is the level of 0.8201, from which we expect a pullback downwards.
The short-term downward movement is possible in the corridor of 0.8002 - 0.7970 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.7930 and this level is the key support for the local structure on July 26.
The main trend is the local upward structure of July 26.
Trading recommendations:
Buy: 0.8068 Take profit: 0.8116
Buy: 0.8150 Take profit: 0.8200
Sell: 0.8001 Take profit: 0.7970
Sell: 0.7968 Take profit: 0.7930
For the pair Euro / Yen, the key levels on the scale of H1 are: 132.40, 131.88. 131.62, 130.77, 130.39, 129.71, 129.23 and 128.52. Here, the continuation of the development of the upward structure of July 19 is expected after the passage at the price range of 130.39 - 130.77. In this case, the target is 131.62 and in the corridor of 131.62 - 131.88 is the consolidation of the price. The potential value for the top is the level of 132.40, after reaching which we expect a departure to correction.
The short-term downward movement is possible in the corridor of 129.71 - 129.23 and the breakdown of the latter value will lead to the development of a downward structure. Here, the target is 128.52.
The main trend is the formation of the upward structure of July 19.
Trading recommendations:
Buy: 130.80 Take profit: 131.60
Buy: 131.88 Take profit: 132.40
Sell: 129.70 Take profit: 129.30
Sell: 129.20 Take profit: 128.60
For the Pound / Yen pair, the key levels on the scale of H1 are: 147.61, 146.70, 145.93, 144.53, 143.69, 143.08, 142.22 and 141.77. Here, we follow the development of the downward structure from July 17. At the moment, the price forms an upward structure in the correction. The continuation of the downward movement is expected after the breakdown of 144.53. In this case, the first target is 143.69. Its breakdown will lead to a movement to the level of 143.10 and near this level is the consolidation of the price. The break level of 143.05 should be accompanied by a pronounced downward movement. Here, the target is 142.22. The potential value for the bottom is the level of 141.77, after which we expect consolidation and a rollback into the correction.
The development of the upstream structure is expected after the breakdown of 145.95. Here, the target is 146.70 and near this level is the consolidation. The potential value for the top is still the level of 147.61.
The main trend is a downward structure from July 17, a stage of deep correction.
Trading recommendations:
Buy: 145.95 Take profit: 146.68
Buy: 146.72 Take profit: 147.60
Sell: 144.50 Take profit: 143.70
Sell: 143.66 Take profit: 143.10