Dear colleagues.
For the EUR / USD pair, the price is in correction and forms the potential for the downward structure from January 25. For the GBP / USD pair, the level of 1.4015 is the key support for the top. For the USD / CHF pair, the price forms the potential for the top of January 25. For the USD / JPY pair, the price is in correction from the downward structure. The continuation of the downward movement is expected after the breakdown of 108.92. For the EUR / JPY pair, the continuation of the upward movement is expected after passing the price of the noise range of 136.16 - 136.46. For the GBP / JPY pair, we expect it to reach the level of 156.29.
Forecast for January 26:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2539, 1.2477, 1.2453, 1.2411, 1.2359, 1.2330, 1.2274. Here, the price forms the potential for a downward movement from January 25 in correction of the downward structure. Short-term downward movement is possible in the area of 1.2359 - 1.2330. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2274. This level is the key support for the top.
The continuation of the upward movement is expected after the breakdown of 1.2411. In this case, the target is 1.2453. In the area of 1.2453 - 1.2477 is the consolidation of the price. The potential value for the top is the level of 1.2539, upon reaching which we expect a pullback downwards.
The main trend is the upward structure from January 17, the correction stage.
Trading recommendations:
Buy: 1.2412 Take profit: 1.2450
Buy 1.2478 Take profit: 1.2536
Sell: 1.2559 Take profit: 1.2332
Sell: 1.2328 Take profit: 1.2276
For the GBP / USD pair, the key H1 scale levels are 1.4481, 1.4340, 1.4256, 1.4154, 1.4099, 1.4015 and 1.3890. Here, the price is in the adjustment area. The continuation of the upward movement is expected after the breakdown of 1.4256. In this case, the target is 1.4340. Near this level is the consolidation of the price. The potential value for the top is the level of 1.4481, upon reaching which we expect a departure towards correction.
Short-term downward movement is possible in the area of 1.4154 - 1.4099. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.4015. 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 target is 1.3890.
The main trend is a local upward structure from January 16, the correction stage.
Trading recommendations:
Buy: 1.4256 Take profit: 1.4340
Buy: 1.4342 Take profit: 1.4480
Sell: 1.4152 Take profit: 1.4100
Sell: 1.4098 Take profit: 1.4020
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9595, 0.9557, 0.9482, 0.9449, 0.9389, 0.9362, 0.9329 and 0.9293. Here, we monitor the formation of the potential for the top of January 25. Short-term upward movement is possible in the area of 0.9449 - 0.9482. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 0.9557. The potential value for the top is the level of 0.9595, after which we expect the consolidation of the price.
Short-term downward movement is possible in the area of 0.9389 - 0.9362. The breakdown of the last value will lead to in-depth movement. Here, the target is 0.9330. This level is the key support for the upward structure. Its breakdown will cause it to move towards the bottom. Here, the target is 0.9293.
The main trend is a downward structure from January 10, the correction stage.
Trading recommendations:
Buy: 0.9450 Take profit: 0.9480
Buy: 0.9484 Take profit: 0.9555
Sell: 0.9388 Take profit: 0.9364
Sell: 0.9360 Take profit: 0.9330
For the USD / JPY pair, the key levels on a scale are: 110.47, 109.99, 109.69, 109.07, 108.92, 108.32, 107.88 and 107.28. Here, we continue to follow the downward structure from January 8. At the moment, the price is in correction. The continuation of the downward movement is expected after passing through the noise range of 109.07 - 108.92. In this case, the target is 108.32. Near this level is the consolidation of the price. The breakdown of 108.32 will allow us to count on movement towards 107.88. This level is likely to roll back up. As a potential value for the downward cycle from January 8, we consider the level of 107.28. This is still interesting from the medium-term perspective.
Short-term upward movement is possible in the area of 109.69 - 109.99. The breakdown of the latter value will lead to in-depth movement. Here, the target is 110.47. This level is the key support for the downward structure.
The main trend is the downward cycle from January 8.
Trading recommendations:
Buy: 109.70 Take profit: 109.95
Buy: 110.00 Take profit: 110.45
Sell: 108.90 Take profit: 108.35
Sell: 108.28 Take profit: 107.90
For the CAD / USD pair, the key H1 scale levels are: 1.2443, 1.2401, 1.2367, 1.2313, 1.2263 and 1.2213. Here, we continue to follow the downward structure from January 11 as the main trend. At the moment, the price is in correction. The continuation of the downward movement is expected after the breakdown of the level of 1.2313. In this case, the target is 1.2263. Near this level is the consolidation of the price. The potential value for the bottom is the level of 1.2213, after reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.2367 - 1.2401. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2443. Up to the 1.2470 level, we expect the initial conditions for the upward cycle to be formed.
The main trend is the downward structure from January 11, the correction stage.
Trading recommendations:
Buy: 1.2368 Take profit: 1.2400
Buy: 1.2404 Take profit: 1.2440
Sell: 1.2310 Take profit: 1.2265
Sell: 1.2258 Take profit: 1.2220
For the AUD / USD pair, the key levels on the H1 scale are: 0.8179, 0.8140, 0.8097, 0.8039, 0.8013, 0.7976 and 0.7957. Here, we consider the upward structure of January 23 as local initial conditions. The continuation of the upward movement is expected after the breakdown of 0.8097. In this case, the target is 0.8140. From this level, the probability of reversal is high. The potential value for the top is the level of 0.8179.
Short-term downward movement is possible in the area of 0.8039 - 0.8013. The breakdown of the latter value will lead to the development of a downward structure. In this case, the potential target is 0.7976.
The main trend is the local upward structure of January 23.
Trading recommendations:
Buy: 0.8098 Take profit: 0.8138
Buy: 0.8142 Take profit: 0.8176
Sell: 0.8037 Take profit: 0.8015
Sell: 0.8010 Take profit: 0.7978
For the EUR / JPY pair, the key levels on the scale of H1 are: 137.47, 137.06, 136.46, 136.16, 135.35, 135.03, 134.62 and 134.04. Here, we continue to follow the upward structure of January 10. The continuation of the upward movement is expected after passing the price of the noise range of 136.161-136.46. In this case, the target is 137.06. The potential value for the top is the level of 137.47. Upon reaching this level, we expect consolidation as well as a pullback to the bottom.
Short-term downward movement is possible in the area of 135.35 - 135.03. The breakdown of the last value will lead to in-depth correction. Here, the target is 134.62. This level is the key support for the top. Passing the price will lead to a downward structure. In this case, the target is 134.04.
The main trend is the upward structure of January 10.
Trading recommendations:
Buy: 136.48 Take profit: 137.05
Buy: 137.08 Take profit: 137.45
Sell: 135.03 Take profit: 134.64
Sell: 134.60 Take profit: 134.06
For the GBP / JPY pair, the key levels on the scale of H1 are: 158.22, 156.88, 156.29, 155.33, 154.39, 153.74, 152.83 and 151.86. Here, we follow the upward cycle of January 11. At the moment, we expect the movement towards the level of 156.29. In the area of 156.29 - 156.88 is the consolidation of the price. The potential value for the top is the level 158.22, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 154.39 - 153.74. The breakdown of the last value will lead to in-depth movement. Here, the target is 152.83. This level is the key support for the upward trend. Passing the price will lead to the development of a downward structure. In this case, the potential target is 151.86.
The main trend is the upward cycle of January 11.
Trading recommendations:
Buy: 155.35 Take profit: 156.29
Buy: 156.90 Take profit: 158.20
Sell: 154.39 Take profit: 153.74
Sell: 153.72 Take profit: 152.85