Dear colleagues.
For the EUR / USD pair, the price is in correction from the upward structure on August 31. For the GBP / USD pair, we expect the continuation of the upward movement after the breakdown of 1.3220. For the USD / CHF pair, we follow the development of the downward cycle from August 31, the current price is in correction. For the USD / JPY pair, the price continues to form a local structure for the downward movement of September 6. For the EUR / JPY pair, the development of the upward structure of September 6 is expected after the breakdown at 130.77 . For the GBP / JPY pair, the continuation of the upward movement is expected after the breakdown at 143.00.
Forecast for September 11:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2221, 1.2182, 1.2132, 1.2106, 1.2014, 1.1984 and 1.1940. Here, the price is in correction from the upward cycle of August 31. Short-term upward movement is expected in the range of 1.2106 - 1.2132. The breakdown of the last value will lead to a movement to the level of 1.2182. Near this level, we expect consolidation. The potential value for the top is the level of 1.2221, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.2014 - 1.1984. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1940. This level is the key support for the top.
The main trend is the upward structure of August 31, the correction stage.
Trading recommendations:
Buy: 1.2106 Take profit: 1.2130
Buy: 1.2134 Take profit: 1.2180
Sell: 1.2012 Take profit: 1.1985
Sell: 1.1982 Take profit: 1.1944
For the GBP / USD pair, the key levels in the scale of H1 are: 1.3282, 1.3259, 1.3218, 1.3151, 1.3121 and 1.3077. Here, the continuation of the upward movement is expected after the breakdown of 1.3218. In this case, the target is 1.3282. In the area of 1.3282 - 1.3259 is the consolidation of the price. Hence, we expect a correction.
Short-term downward movement is possible in the area of 1.3151 - 1.3121. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3077. This level is the key support for the top.
The main trend is the upward structure of August 24.
Trading recommendations:
Buy: 1.3218 Take profit: 1.3280
Buy: Take profit:
Sell: 1.3150 Take profit: 1.3125
Sell: 1.3118 Take profit: 1.3080
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9552, 0.9499, 0.9472, 0.9429, 0.9409 and 0.9363. Here, the price is in correction from the downward cycle on August 31. Short-term downward movement is expected in the range of 0.9429 - 0.9409. The breakdown of the last value will lead to a movement to the potential target of 0.9363, from which we expect a correction.
Consolidated traffic is possible in the area of 0.9472 - 0.9499. The breakdown of the last value will lead to deeper movement. Here, the target is 0.9552. Up until this level, we expect the formation of the initial conditions for the upward cycle.
The main trend is the downward cycle from August 31, the correction stage.
Trading recommendations:
Buy: Take profit:
Buy: 0.9502 Take profit: 0.9550
Sell: 0.9427 Take profit: 0.9410
Sell: 0.9406 Take profit: 0.9368
For the USD / JPY pair, the key levels on a scale are: 109.39, 108.91, 108.59, 108.36, 107.94, 107.52, 107.01 and 106.67. Here, we continue to monitor the local structure of September 6. The continuation of the movement downwards is expected after the breakdown of 107.94. In this case, the target is 107.52. Near this level is the consolidation of the price. The breakdown of the level of 107.50 should be accompanied by a pronounced movement to the level of 107.01. The potential value for the bottom is the level of 106.67, upon reaching which we expect a rollback upward.
Short-term upward movement is possible in the range of 108.36 - 108.59. The breakdown of the last value will lead to in-depth correction. Here, the target is 108.91. This level is the key support for the downward structure. Its breakdown will lead to the potential for the milestone. Here, the target is 109.39.
The main trend is a local structure for the bottom of September 6.
Trading recommendations:
Buy: 108.36 Take profit: 108.57
Buy: 108.62 Take profit: 108.90
Sell: 107.92 Take profit: 107.05
Sell: 106.98 Take profit: 106.67
For the CAD / USD pair, the key levels on the H1 scale are: 1.2224, 1.2152, 1.2102, 1.2021, 1.1906 and 1.1842. Here, we continue to follow the development of the downward structure of August 31. Continued downward movement is expected after the breakdown of 1.2020. In this case, the target is 1.1906. The potential value for the top is the level of 1.1842, from which we expect the correction to begin. In general, we most likely expect a rollback from the level of 1.2021, followed by the formation of initial conditions for the upward cycle.
Consolidated traffic is possible in the area of 1.2102 - 1.2152. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2224. This level is the key support for the downward structure.
The main trend is the downward cycle from August 31, the correction stage.
Trading recommendations:
Buy: Take profit:
Buy: 1.2155 Take profit: 1.2222
Sell: 1.2020 Take profit: 1.1910
Sell: 1.1904 Take profit: 1.1845
For the AUD / USD pair, the key levels on the H1 scale are: 0.8160, 0.8129, 0.8092, 0.8045, 0.8007 and 0.7959. Here, we continue to follow the upward cycle of August 31. Continued upward movement is expected after the breakdown of 0.8092. In this case, the target is 0.8129. The potential value for the top is the level of 0.8160, upon reaching which we expect consolidation in the area of 0.8129 - 0.8160, as well as a pullback.
Short-term downward movement is possible in the area of 0.8045 - 0.8007. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7960. This level is the key support for the top.
The main trend is the upward cycle from August 31, the correction stage.
Trading recommendations:
Buy: 0.8092 Take profit: 0.8129
Buy: Take profit:
Sell: 0.8043 Take profit: 0.8010
Sell: 0.8004 Take profit: 0.7960
For the of EUR / JPY pair, the key levels on the scale of H1 are: 132.08, 131.87, 131.43, 131.16, 130.77, 130.45, 129.94, 129.68, 129.29, 129.08 and 128.63. Here, we continue to follow the initial structure for the top of September 6. Continued upward movement is expected after the breakdown of 130.78. In this case, the target is 131.16. In the area of 131.16 - 131.43 is the consolidation of the price. The breakdown of 131.45 will allow us to count on the movement towards the level of 131.87. The potential value for the upside structure is the level of 132.08. Near this level we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is possible in the area of 129.94 - 129.68. The breakdown of the latter value will lead to the development of a downward trend. Here, the first target is 129.29. In the area of 129.29 - 129.08 is the consolidation of the price. The breakdown of the level of 129.05 should be accompanied by a pronounced movement to the level of 128.63.
The main trend is the formation of the potential for the top of September 6.
Trading recommendations:
Buy: 130.80 Take profit: 131.15
Buy: 131.45 Take profit: 131.85
Sell: 129.92 Take profit: 129.70
Sell: 129.64 Take profit: 129.35
For the GBP / JPY pair, the key levels on the scale of H1 are: 144.30, 143.53, 142.98, 142.52, 142.13, 141.73 and 141.22. Here, the continuation of the upward trend in the scale of H1 is expected after the breakdown of 142.98. In this case, the target is 143.53. Near this level is the consolidation of the price. The potential value for the top is the level of 144.30, from which we expect a pullback downwards.
Short-term downward movement is possible in the area of 142.52 - 142.13. The breakdown of the last value will lead to in-depth movement. Here, the target is 141.73. This level is the key support for the top. Its breakdown will lead a downward structure. In this case, the target is 141.22.
The main trend is the local upward structure of September 5.
Trading recommendations:
Buy: 143.00 Take profit: 143.50
Buy: 143.55 Take profit: 144.30
Sell: 142.50 Take profit: 142.15
Sell: 142.10 Take profit: 141.75