Dear colleagues.
For the EUR / USD pair, the price formed the potential for the top of January 9 in correction of the downward structure. For the GBP / USD pair, continuing to the bottom is expected after the breakdown of 1.3494. For the USD / CHF pair, continued development of the upward cycle from January 2 is expected after the breakdown of 0.9814. For the USD / JPY pair, we follow the development of the downward structure from January 8. For the EUR / JPY pair, the continuation of the development of the downward cycle from January 5 is expected after the breakdown of 133.04. For the GBP / JPY pair, the continuation of the movement towards the bottom is expected after the breakdown of 150.05.
Forecast for January 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: 1.2041 - 1.2022, 1.1991, 1.1936, 1.1903, 1.1874, 1.1852 and 1.1819. Here, the price has set the potential for the upward movement from January 9 in correction of the downward structure. Continued development of traffic to the top is expected after the breakdown of 1.1991. In this case, the target is 1.2022. In the area of 1.2041 - 1.2022 is the consolidation of the price. A break of the level of 1.2041 will lead to the development of an upward trend. Here, the target is 1.2095.
Continuation of traffic to the bottom is possible after the breakdown of 1.1935. Here, the first target is 1.1903. The breakdown of this level will allow us to count on the movement towards 1.1874. In the area of 1.1874-1.1852 is the consolidation of the price. For the potential value for the bottom, consider the level of 1.1819.
The main trend is the downward structure from January 4 where there is a possible formation of the potential for the top in the correction.
Trading recommendations:
Buy: 1.1991 Take profit: 1.2020
Buy 1.2044 Take profit: 1.2095
Sell: 1.1934 Take profit: 1.1908
Sell: 1.1900 Take profit: 1.1876
For the GBP / USD pair, the key levels on the scale of H1 are 1.3611, 1.3565, 1.3494, 1.3464, 1.3403 and 1.3372. Here, we follow the downward structure from January 3. Development of the downward structure is expected after the breakdown of 1.3494. In this case, the target is 1.3464. In the area of 1.3494 - 1.3464 is the consolidation of the price. A break of the level of 1.3460 should be accompanied by a pronounced movement towards the level of 1.3403. For the potential value for the downward structure, consider the level of 1.3372. Upon reaching this level, we expect a pullback to the top.
The level of 1.3565 is the key support for the downward structure. Passing the price will lead to the formation of the initial conditions for the upward cycle. Here, the target is 1.3611.
The main trend is the downward structure of January 3.
Trading recommendations:
Buy: 1.3566 Take profit: 1.3610
Buy: Take profit:
Sell: 1.3494 Take profit: 1.3466
Sell: 1.3460 Take profit: 1.3408
For the USD / CHF pair, the key levels in the scale of H1 are: 0.9935, 0.9898, 0.9873, 0.9836, 0.9814, 0.9758, 0.9731 and 0.9697. Here, the continuation of the development of the upward structure of January 2 is expected after the breakdown of 0.9814. In this case, the target is 0.9836. The breakdown of this level should be accompanied by a pronounced upward movement towards the level of 0.9873. The breakdown of 0.9875 will allow us to count on the movement towards 0.9898. For the potential value for the top, consider the level of 0.9935. From this level, we expect a rollback towards correction.
The range of 0.9758 - 0.9731 is the key support for the upward structure. Hence, we expect a key turn to the top. The breakdown at the level of 0.9731 will lead to the development of a downward movement. In this case, the first target is 0.9697.
The main trend is the upward cycle of January 2.
Trading recommendations:
Buy: 0.9814 Take profit: 0.9834
Buy: 0.9838 Take profit: 0.9870
Sell: 0.9756 Take profit: 0.9734
Sell: 0.9730Take profit: 0.9700
For the USD / JPY pair, the key levels on a scale are: 112.13, 111.80, 111.56, 111.23, 111.01, 110.75, 110.60 and 110.26. Here, we continue to follow the downward structure from January 8. Short-term downward movement is expected in the area of 111.23 - 111.01. The breakdown of the last value will lead to a movement towards the level of 110.75. In the area of 110.75 - 110.06 is the consolidation of the price. For the potential value for the downward movement, we consider the level of 110.26. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in area of 111.56 - 111.80. The breakdown of the last value will lead to in-depth correction. Here, the target is 112.13. This level is the key support for the downward structure.
The main trend is the downward cycle from January 8.
Trading recommendations:
Buy: 111.58 Take profit: 111.80
Buy: 111.84 Take profit: 112.10
Sell: 111.20 Take profit: 111.03
Sell: 110.98 Take profit: 110.77
For the CAD / USD pair, the key levels on the H1 scale are: 1.2676, 1.2649, 1.2601, 1.2577, 1.2523, 1.2494 and 1.2447. Here, the continuation of the development of the upward structure from January 5 is expected after passing the price of the noise range of 1.2577 - 1.2601. In this case, the target is 1.2649. In the area of 1.2649 - 1.2676 is the consolidation of the price
Short-term downward movement is possible in the area of 1.2523 - 1.2494. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2447.
The main trend is the upward structure of January 5.
Trading recommendations:
Buy: 1.2618 Take profit: 1.2647
Buy: Take profit:
Sell: 1.2520 Take profit: 1.2496
Sell: 1.2490 Take profit: 1.2450
For the AUD / USD pair, the key levels in the scale of H1 are: 0.7948, 0.7924, 0.7909, 0.7887, 0.7853, 0.7834 and 0.7802. Here, the price forms the potential for the top of January 9. Continued movement towards the top is expected after the breakdown of 0.7890. In this case, the target is 0.7909. In the area of 0.7909 - 0.7924 is the consolidation of the price. For the potential value for the upward trend, we consider the level of 0.7948. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in the area of 0.7853 - 0.7834. Hence, the probability of a turn to the top is high. The breakdown at the level of 0.7830 will lead to the development of a downward movement. In this case, the first target is 0.7802.
The main trend is the formation of the potential for the top of January 9.
Trading recommendations:
Buy: 0.7888 Take profit: 0.7909
Buy: 0.7925 Take profit: 0.7948
Sell: 0.7851 Take profit: 0.7836
Sell: 0.7832 Take profit: 0.7805
For the of EUR / JPY, the key levels on the scale of H1 are: 134.54, 133.92, 133.59, 133.04, 132.73, 132.32 and 132.05. Here, we follow the development of the downward cycle from January 5. Short-term movement towards the bottom is expected in the area of 133.04 - 132.73. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 132.32. For the potential value for the bottom, consider the level of 132.05. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 133.59 - 133.92. The breakdown of the last value will lead to in-depth correction. Here, the target is 134.54. Up to this level, we expect the initial structure to go to an upward cycle.
The main trend is the downward structure of January 5.
Trading recommendations:
Buy: 133.60 Take profit: 133.90
Buy: 133.96 Take profit: 134.50
Sell: 133.02 Take profit: 132.80
Sell: 132.70 Take profit: 132.36
For the GBP / JPY pair, the key levels on the scale of H1 are: 152.52, 151.77, 151.25, 150.61, 150.08, 149.50, 149.11 and 148.27. Here, we follow the downward structure from January 8. Short-term movement towards the bottom is expected in the area of 150.61 - 150.08. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 149.50. In the area of 149.50 - 149.11 is short-term movement towards the bottom, as well as the consolidation of the price. For the potential value for the top, consider the level of 148.27 . Upon reaching this level, we expect a departure towards correction.
Short-term upward movement is possible in the area of 151.25 - 151.77. The breakdown of the last value will lead to the formation of an upward structure. Here, the target is 152.52.
The main trend is the downward cycle from January 8.
Trading recommendations:
Buy: 151.25 Take profit: 151.70
Buy: 151.83 Take profit: 152.20
Sell: 150.05 Take profit: 149.60
Sell: 149.10 Take profit: 148.35