Dear colleagues.
For the EUR/USD pair, we follow the formation of the upward structure from August 9. At the current moment, the price is in the zone of initial conditions. For the GBP/USD pair, we have expanded the potential for the downward movement the level of 1.2802. For the USD/CHF pair, the price forms the potential for the top of August 11. However, we expect a move towards correction. For the USD/JPY pair, the price forms an upward structure from August 11. For the EUR/JPY pair, the price issued a more pronounced structure for the top of August 11. For the GBP/JPY pair, we follow the formation of the initial conditions of August 11.
Forecast for August 15:
Analytical review of currency pairs in the scale of H1:
For the EUR/USD pair, the key levels on the scale of H1 are: 1.2006, 1.1964, 1.1882, 1.1854, 1.1783, 1.1745 and 1.1688. Here, we follow the formation of the upward structure of August 9. At the moment, the price is in the zone of initial conditions. Short-term upward movement is expected in the area of 1.1854 - 1.1882. The breakdown of the last value should be accompanied by a pronounced upward movement to the level of 1.1964. The potential value for the top is the level of 1.2006, after which we expect consolidation.
Short-term downward movement is possible in the area of 1.1783 - 1.1745. The breakdown of the last value will have to develop a downward structure. In this case, the target is 1.1688.
The main trend is the formation of the upward structure of August 9.
Trading recommendations:
Buy: 1.1854 Take profit: 1.1880
Buy: 1.1884 Take profit: 1.1964
Sell: 1.1780 Take profit: 1.1747
For the GBP/USD pair, the key level in the scale of H1 are: 1.3157, 1.3106, 1.3074, 1.3029, 1.2960, 1.2905, 1.2867 and 1.2802. Here, we continue to follow the development of the downward structure from August 3. The potential for downward movement to the level of 1.2802 has also been expanded. Continued downward movement is expected after the breakdown of 1.2960. In this case, the target is 1.2905, upon reaching which we expect consolidation in the area of 1.2867 - 1.2905. The potential value for the bottom is the level of 1.2802, from which we expect a rollback to the top.
Correction is possible after the breakdown of 1.3030. Here, the first target is 1.3074. Short-term upward movement is expected in the area of 1.3074 - 1.3106. The breakdown of the last value will lead to the formation of the initial conditions for the upward cycle. Here, the target is 1.3155.
The main trend is the downward structure of August 3.
Trading recommendations:
Buy: 1.3030 Take profit: 1.3074
Buy: 1.3108 Take profit: 1.3155
Sell: 1.2958 Take profit: 1.2907
Sell: 1.2905 Take profit: 1.2870
For the USD/CHF pair, the key levels on the scale of H1 are: 0.9884, 0.9846, 0.9787, 0.9743, 0.9697, 0.9671, 0.9636 and 0.9583. Here, we follow the formation of the upward structure of August 11. Continued upward movement is expected after the breakdown of 0.9742. In this case, the target is 0.9787. Near this level is the consolidation of the price. The break at 0.9790 should be accompanied by a pronounced upward movement to the level of 0.9846. The potential value for the top is the level of 0.9884.
Short-term downward movement is possible in the area of 0.9697 - 0.9671. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9636. This level is the key support for the top.
The main trend is the formation of the upward structure of August 11.
Trading recommendations:
Buy: 0.9742 Take profit: 0.9785
Buy: 0.9790 Take profit: 0.9845
Sell: 0.9695 Take profit: 0.9674
Sell: 0.9668 Take profit: 0.9638
For the USD/JPY pair, the key levels on the scale of H1 are: 111.53, 110.91, 110.60, 110.23, 109.85, 109.57 and 109.24. Here, we follow the formation of the upward structure of August 11. The continuation of the upward movement is expected after the breakdown of 110.25. In this case, the target is 110.60, after which we expect consolidation in the area of 110.60 - 110.91. The potential value for the top is the level of 111.53, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 109.85 - 109.57. The breakdown of the last value will lead to in-depth correction. Here, the target is 109.24. This level is the key support for the top.
The main trend is the formation of the upward structure of August 11.
Trading recommendations:
Buy: 110.25 Take profit: 110.60
Buy: 110.64 Take profit: 110.90
Sell: 109.85 Take profit: 109.62
Sell: 109.55 Take profit: 109.25
For the CAD/USD pair, the key levels on the scale of H1 are: 1.2912, 1.2838, 1.2803, 1.2743, 1.2694, 1.2660 and 1.2608. Here, we continue to follow the upward structure of July 27. Continued upward movement is expected after the breakdown of 1.2745. In this case, the target is 1.2803. In the area of 1.2803 - 1.2838 is the consolidation of the price. The potential value for the top is the level of 1.2912, upon reaching which we expect the correction to go.
Short-term downward movement is possible in the area of 1.2694 - 1.2660, breakdown of the last value will lead to in-depth correction, here the target is 1.2608, this level is the key support for the top.
The main trend is the upward cycle of July 27.
Trading recommendations:
Buy: 1.2745 Take profit: 1.2800
Buy: 1.2840 Take profit: 1.2910
Sell: 1.2692 Take profit: 1.2661
Sell: 1.2658 Take profit: 1.2610
For the AUD/USD pair, the key levels on the scale of H1 are: 0.8001, 0.7970, 0.7920, 0.7838, 0.7802 and 0.7754. Here, short-term downward movement is expected in the range of 0.7838 - 0.7802. The breakdown of the last value will lead to a movement to the potential target is 0.7754, upon reaching which we expect a pullback upward.
The correction is possible after the breakdown of 0.7920. Here, the target is 0.7970. The range of 0.7970 - 0.8001 is the key support for the downward structure. Passing this price will lead to a development of an upward structure. In this case, the target is 0.8066.
The main trend is the downward structure of July 27.
Trading recommendations:
Buy: 0.7920 Take profit: 0.7970
Buy: 0.8003 Take profit: 0.8065
Sell: 0.7838 Take profit: 0.7804
Sell: 0.7800 Take profit: 0.7756
For the EUR/JPY pair, the key levels on the scale of H1 are: 131.34, 130.88, 130.26, 129.98, 129.25, 128.83 and 128.03. Here, the price has issued a more pronounced structure for the upward movement of August 11 which is in the correction. Continued development of the upward trend is expected after the pass at the price of the noise range of 129.98 - 130.26. In this case, the target is 130.88. Potential value for the top is the level of 131.34, upon reaching which we expect a rollback to correction.
Short-term downward movement is possible in the area of 129.25 - 128.83. The breakdown of the latter value will lead to the development of a downward structure. In this case, the target is 128.03.
The main trend is the formation of the upward structure of August 11.
Trading recommendations:
Buy: 130.26 Take profit: 130.85
Buy: 130.90 Take profit: 131.30
Sell: 129.25 Take profit: 128.85
Sell: 128.78 Take profit: 128.10
For the GBP/JPY pair, the key levels on the scale of H1 are: 144.24, 143.85, 143.06, 142.56, 142.15, 141.79, 141.20 and 140.31. Here, the price forms a pronounced structure for the top of August 11. Continued upward movement is expected after the breakdown at 143.06. In this case, the target is 143.85. Potential value for the upward movement is the level of 144.24, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the range of 142.56 - 142.15. The breakdown of the last value will lead to in-depth correction. Here, the target is 141.79. This level is the key support for the top. Its breakdown will lead to a downward structure. In this case, the target is 141.20.
The main trend is the formation of the upward structure of August 11.
Trading recommendations:
Buy: 143.06 Take profit: 143.80
Buy: 143.87 Take profit: 144.20
Sell: 142.55 Take profit: 142.20
Sell: 141.75 Take profit: 141.30