Dear colleagues.
For the EUR / USD pair, the continuation of the development of the upward structure is expected after the breakdown of 1.1980. For the GBP / USD pair, the price forms the initial conditions for the upward cycle from August 24. For the USD / CHF pair we expect the continued development of the downward structure after passing the price of the noise range of 0.9540 - 0.9520. For the USD / JPY pair, the price is still in the correction area from the downward structure on August 16. For the EUR / JPY pair, we follow the development of the upward cycle of August 18. For the GBP / JPY pair of August 24, initial conditions for the upward cycle are formed.
Forecast for August 28:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2064, 1.2034, 1.1979, 1.1913, 1.1882, 1.1860 and 1.1828. Here, we continue to follow the upward structure of August 17. The continuation of the upward movement is expected after the breakdown of 1.1979. In this case, the target is 1.2034. Near this level is the consolidation of the price. The potential value for the top is still the level 1.2064, upon reaching which we expect a short-term downward movement in the range of 1.2034 - 1.2064, as well as a rollback into correction.
Short-term downward movement is possible after the breakdown of 1.1913. Here, the target is 1.1882. In the area of 1.1882 - 1.1860 is consolidation. The potential value for the corrective movement is the level of 1.1828. Movement toward this level is expected after the breakdown of 1.1830.
The main trend is the upward cycle of August 17.
Trading recommendations:
Buy: 1.1980 Take profit: 1.2032
Buy: 1.2036 Take profit: 1.2062
Sell: 1.1910 Take profit: 1.1884
Sell: 1.1858 Take profit: 1.1830
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3059, 1.2996, 1.2974, 1.2944, 1.2904, 1.2874, 1.2854 and 1.2830. Here, we monitor the formation of the initial conditions for the upward cycle of August 24. Continued upward movement is expected after the breakdown of 1.2904. In this case, the target is 1.2944. Near this level is the consolidation of the price. The breakdown of 1.2944 will initiate the development of an upward trend. Here, the target is 1.2974. In the area of 1.2974 - 1.2996, we expect a short-term upward movement. The potential value for the top is the level of 1.3059. Movement towards this level is expected after the breakdown of 1.2998.
Short-term downward movement is possible in the area of 1.2874 - 1.2854. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2830. This level is the key support for the top.
The main trend is the formation of initial conditions for the top of August 24.
Trading recommendations:
Buy: 1.2905 Take profit: 1.2944
Buy: 1.2946 Take profit: 1.2974
Sell: 1.2872 Take profit: 1.2856
Sell: 1.2851 Take profit: 1.2833
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9623, 0.9594, 0.9572, 0.9540, 0.9520, 0.9486 and 0.9437. Here, we continue to follow the downward cycle from August 16th. Continued development of the downward structure is expected after passing the price of the noise range of of 0.9540 - 0.9520. In this case, the target is 0.9486. Near this area is the consolidation level. Potential value for the bottom is the level of 0.9437, upon reaching which we expect a rollback upward.
Short-term upward movement is possible in the range of of 0.9572 - 0.9594. The breakdown of the last value will lead to in-depth movement. Here, the target is 0.9623.
The main trend is the downward cycle from August 16.
Trading recommendations:
Buy: 0.9572 Take profit: 0.9592
Buy: 0.9596 Take profit: 0.9620
Sell: 0.9520 Take profit: 0.9488
Sell: 0.9484 Take profit: 0.9440
For the USD / JPY pair, the key levels on the scale of H1 are: 110.18, 109.85, 109.57, 109.17, 108.68, 108.32 and 107.85. Here, the price is in correction from the downward structure on August 16. The continuation of the downward movement is expected after the breakdown of 109.12. In this case, the target is 108.68. The breakdown of this level will lead to a short-term downward movement to the level of 108.32. In the area of 108.68 -108.32 is the consolidation of the price. The potential value for the bottom is the level of 107.85.
Short-term upward movement is possible in the area of 109.57 - 109.85. The breakdown of the last value will lead to in-depth correction. Here, the target is 110.18. This level is the key support for the downward structure of August 16.
The main trend is the downward structure of August 16, the correction stage.
Trading recommendations:
Buy: 109.87 Take profit: 110.15
Buy: 110.20 Take profit: 110.94
Sell: 109.10 Take profit: 108.70
Sell: 108.65 Take profit: 108.36
For the CAD / USD pair, the key levels on the scale of H1 are: 1.2637, 1.2576, 1.2542, 1.2471, 1.2441 and 1.2392. Here, we continue to follow the downward cycle from August 15. Short-term downward movement is expected in the area of 1.2471 - 1.2441. The potential value for the bottom is the level of 1.2392, from which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.2542 - 1.2576. The breakdown of the last value will lead to in-depth movement. Here, the target is 1.2637.
The main trend is the downward structure of August 15.
Trading recommendations:
Buy: 1.2542 Take profit: 1.2574
Buy: 1.2578 Take profit: 1.2635
Sell: 1.2470 Take profit: 1.2443
Sell: 1.2439 Take profit: 1.2394
For the AUD / USD pair, the key levels on the scale of H1 are: 0.8097, 0.8056, 0.8004 0.7960, 0.7893, 0.7856 and 0.7802. Here, we continue to follow the formation of the upward structure of August 15. Continued upward movement is expected after the breakdown of 0.7960. In this case, the target is 0.8004. In this range is the consolidation of the price. Breaking the level of 0.8006 will allow us to count on the movement to the level of 0.8056. The potential value for the top is the level 0.8097, from which we expect a pullback downwards.
Short-term downward movement is possible in the range of 0.7893 - 0.7856. Hence, the probability of a turn up is high. The breakdown of the level of 0.7856 will lead to a downward structure. Here, the first target is 0.7802.
The main trend is the upward structure of August 15.
Trading recommendations:
Buy: 0.7960 Take profit: 0.8002
Buy: 0.8006 Take profit: 0.8055
Sell: 0.7890 Take profit: 0.7857
Sell: 0.7854 Take profit: 0.7802
For the EUR / JPY pair, the key levels on the scale of H1 are: 131.84, 131.47, 130.82, 129.79, 129.26 and 128.74. Here, we follow the development of the upward structure of August 18. Continued upward movement is expected after the breakdown of 130.82. In this case, the target is 131.47. The potential value for the top is the level of 131.84, upon reaching which we expect consolidation.
Short-term downward movement is possible in the area of 129.79 - 129.26. The breakdown of the last value will lead to in-depth correction. Here, the target is 128.74. This level is the key support for the top.
The main trend is the upward structure of August 18.
Trading recommendations:
Buy: 130.82 Take profit: 131.45
Buy: 131.48 Take profit: 131.80
Sell: 129.75 Take profit: 129.30
Sell: 129.20 Take profit: 128.78
For the GBP / JPY pair, the key levels in the scale of H1 are: 142.55, 142.28, 141.60, 141.25, 140.88, 140.46, 140.15, 139.74, 139.31, 138.97 and 138.48. Here, we monitor the formation of the initial conditions for the upward cycle of August 24. Continued upward movement is expected after the breakdown of 140.90. In this case, the target is 141.25. In the area of 141.25 - 141.60 we can expect a short-term traffic towards the top. Breaking the level of 141.60 should be accompanied by a pronounced upward movement to the potential target of 142.55, upon reaching which we expect consolidation in the area of 142.28 - 142.55.
Short-term downward movement is possible in the area of 140.46 - 140.15. The breakdown of the last value will lead to in-depth correction. Here, the target is 139.74. This level is the key support for the top. Its breakdown will lead to the end of the downward structure from August 24. In this case, the first target is 139.31.
The main trend is the formation of the upward structure of August 24.
Trading recommendations:
Buy: 140.90 Take profit: 141.25
Buy: 141.27 Take profit: 141.55
Sell: 140.44 Take profit: 140.17
Sell: 140.12 Take profit: 139.80