Dear colleagues.
For the EUR / USD pair, the price forms the initial conditions for the downward cycle from January 4. For the GBP / USD pair, the price is still in the correction zone from the upward movement. The continuation of the main trend is expected after the breakdown of 1.3611. For the USD / CHF pair, the price forms the potential for the top of January 2 in correction of the downward structure. For the of USD / JPY pair, we follow the upward structure of January 2. For the of EUR / JPY pair, the price forms the potential for the initial conditions of the downward cycle from January 5. For the GBP / JPY pair, the continuation of the upward trend expected after the breakdown of 154.00.
Forecast for January 9:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2036, 1.2007, 1.1988, 1.1946, 1.1923, 1.1874, 1.1852 and 1.1819. Here, the price forms the initial conditions for the downward cycle of January 4. Short-term movement towards the bottom is expected in the area of 1.1946 - 1.1923. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 1.1874. In the area of 1.1874 - 1.1852 is the consolidation of the price . For the potential value of the downward trend, consider the level of 1.1819. After reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 1.1988 - 1.2007. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2034. This level is the key support for the downward structure.
The main trend is the formation of initial conditions for the downward movement of January 4.
Trading recommendations:
Buy: 1.1988 Take profit: 1.2005
Buy 1.2010 Take profit: 1.2034
Sell: 1.1944 Take profit: 1.1927
Sell: 1.1920 Take profit: 1.1880
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3707, 1.3664, 1.3643, 1.3611, 1.3565, 1.3537, 1.3494, 1.3464, 1.3403 and 1.3372. Here, the price is in correction and forms the potential for the bottom of January 3. Continued development of the upward cycle from December 15 is expected after the breakdown of 1.3611. In this case, the target is 1.3643. In the area of 1.3643 - 1.3664 is the consolidation of the price . For the potential value for the top, consider the level of 1.3707. Upon reaching this level, we expect a pullback to the bottom.
The development of the downward structure is expected after the breakdown of 1.3527. In this case, the target is 1.3494. In the area of 1.3494 - 1.3464 is the consolidation of the price. A break in the level of 1.3403 should be accompanied by a pronounced movement towards the level of 1.3403 . For the potential value of the downward structure, consider the level of 1.3372. Upon reaching this level, we expect a pullback to the top.
The main trend is the upward structure from December 15, the correction stage.
Trading recommendations:
Buy: 1.3612 Take profit: 1.3640
Buy: 1.3666 Take profit: 1.3705
Sell: 1.3525 Take profit: 1.3494
Sell: 1.3462 Take profit: 1.3416
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9898, 0.9873, 0.9836, 0.9804, 0.9755, 0.9733, 0.9697 and 0.9645. Here, the price forms the potential for the top of January 2 in correction of the downward cycle. Continued movement towards the top is expected after the breakdown of 0.9804. In this case, the target is 0.9836. Near this level is the consolidation of the price. The breakdown at the level of 0.9836 should be accompanied by a pronounced movement towards the level of 0.9873. For the potential value for the top, we consider the level of 0.9898. Upon reaching this level, we expect a pullback to the bottom.
Consolidated movement is possible in the range of 0.9755 - 0.9733. The breakdown of the last value will lead to the development of the downward structure. Here, the first target is 0.9697. For the potential value of the bottom, we are considering the level of 0.9645.
The main trend is the downward structure from December 8, the correction stage.
Trading recommendations:
Buy: 0.9805 Take profit: 0.9832
Buy: 0.9838 Take profit: 0.9870
Sell: 0.9730 Take profit: 0.9700
Sell: 0.9695 Take profit: 0.9650
For the USD / JPY pair, the key levels on a scale are: 114.31, 113.96, 113.78, 113.52, 113.31, 112.95, 112.69 and 112.38. Here, we follow the development of the upward structure of January 2. Short-term upward movement is possible in the area of 113.31 - 113.52. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 113.78. In the area of 113.78 - 113.96 is the consolidation of the price . For the potential value for the top level view 114.31, we expect a rollback to correction.
Short-term downward movement is possible in the area of 112.95-112.69. The breakdown of the last value will lead to an in-depth correction. Here, the target is 112.38. This level is the key support for the top. Passing the price will lead to the development of the downward structure. In this case, the first target is 112.01.
The main trend is the upward structure of January 2.
Trading recommendations:
Buy: 113.31 Take profit: 113.50
Buy: 113.55 Take profit: 113.75
Sell: 112.95 Take profit: 112.72
Sell: 112.65 Take profit: 112.44
For the CAD / USD pair, the key H1 scale levels are: 1.2563, 1.2469, 1.2429, 1.2390, 1.2340, 1.2278 and 1.2222. Here, we follow the downward structure of December 19. Short-term movement towards the bottom is expected in the area of 1.2390 - 1.2340. The breakdown of the last value will lead to the movement towards the level of 1.2278. For the potential value for the bottom, consider the level of 1.2222. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.2429 - 1.2469. The breakdown of the last value will lead to an upward movement. Here, the target is 1.2563.
The main trend is the downward structure of December 19.
Trading recommendations:
Buy: 1.2430 Take profit: 1.2466
Buy: 1.2473 Take profit: 1.2560
Sell: 1.2340 Take profit: 1.2282
Sell: 1.2275 Take profit: 1.2225
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7846, 0.7792. 0.7759, 0.7737 and 0.7699. Here, the price is near the limit for the top, namely the level of 0.7846. In connection with this level, we expect a move into correction. The development of the downward movement is possible after the breakdown of 0.7792. In this case, the first target is 0.7759. In the area of 0.7759 - 0.7737 is short-term movement towards the bottom and the consolidation of the price. For the potential value for the downward structure, we consider the level of 0.7699, Up to this level, we expect the formation of pronounced initial conditions for the development of the trend.
The main trend is the upward cycle from December 8 is expected a correction.
Trading recommendations:
Buy: Take profit:
Buy: Take profit:
Sell: 0.7790 Take profit: 0.7765
Sell: 0.7735 Take profit: 0.7705
For the EUR / JPY pair, the key levels on the scale of H1 are: 136.03, 135.70, 135.48, 134.99, 134.71, 134.13 and 133.92. Here, we follow the formation of the initial conditions for the downward cycle from January 5. Short-term downward movement is possible in the area of 134.99 - 134.71. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 134.13. For the potential value for the bottom, consider the level of 133.92. Upon reaching this level, we expect a rollback to correction.
Short-term upward movement is possible in the area of 135.48 - 135.70. The breakdown of the last value will lead to in-depth correction. Here, the target is 136.03. This level is the key support for the downward structure. Its breakdown will lead to the potential for an upward trend.
The main trend is the formation of initial conditions for the downward cycle from January 5.
Trading recommendations:
Buy: 135.48 Take profit: 135.70
Buy: 135.74 Take profit: 136.00
Sell: 134.96 Take profit: 134.75
Sell: 134.68 Take profit: 134.20
For the GBP / JPY pair, the key levels on the scale of H1 are: 155.39, 154.76, 154.47, 154.00, 153.05, 152.52, 151.96 and 151.12. Here, we follow the local upward structure of December 26. Continuation of traffic to the top is expected after the breakdown of 154.00. In this case, the target is 154.47. In the area of 154.47 - 154.76 is consolidation of the price. For the potential value for the top, consider the level of 155.40. Upon reaching this level, we expect a rollback to correction.
Short-term downward movement is possible in the area of 153.05 - 152.52. The breakdown of the last value will lead to in-depth movement. Here, the target is 151.96. This level is the key support for the top.
The main trend is the local upward structure of December 26.
Trading recommendations:
Buy: 154.00 Take profit: 154.45
Buy: 154.78 Take profit: 155.35
Sell: 153.05 Take profit: 152.55
Sell: 152.50 Take profit: 152.00