Dear colleagues.
For the EUR / USD pair, we are following the formation of a downward structure from February 1. For the GBP / USD pair, we follow the downward structure from February 1. For the USD / CHF pair, the price is in correction and forms the potential for the top of February 1. For the USD / JPY pair, the price is close to lifting the upward structure from January 26, for which a breakdown of the level of 108.85 is necessary. For the EUR / JPY pair, we follow the formation of the downward structure of February 2. For the GBP / JPY pair, the price also forms a downward structure from February 2. The development of this level is expected after the breakdown of 151.60.
Forecast for February 6:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key H1 scale levels are: 1.2466, 1.2434, 1.2408, 1.2362, 1.2319, 1.2292, 1.2249 and 1.2226. Here, the price forms a downward structure from February 1. The continuation of the movement towards the bottom is expected after the breakdown of 1.2362. In this case, the target is 1.2319. In the area of 1.2319 - 1.2292 is the consolidation of the price. A break at the level of 1.2290 should be accompanied by a pronounced movement towards the level of 1.2249. Upon reaching this level, we expect consolidation in the area of 1.2249 - 1.2226.
Short-term uptrend is possible in the area of 1.2408 - 1.2434. The breakdown of the last value will lead to in-depth correction. The level of 1.2466 is the key support for the downward structure. Passing the price will lead to the development of an upward structure. In this case, the target is 1.2521.
The main trend is the formation of a downward structure from February 1.
Trading recommendations:
Buy: 1.2408 Take profit: 1.2432
Buy 1.2436 Take profit: 1.2462
Sell: 1.2360 Take profit: 1.2322
Sell: 1.2290 Take profit: 1.2255
For the GBP / USD pair, the key H1 scale levels are 1.4108, 1.4040, 1.3999, 1.3922, 1.3858, 1.3820 and 1.3745. Here, we follow the development of the downward cycle from February 1. The continuation of the movement towards the bottom is expected after the breakdown of 1.3920. In this case, the target is 1.3858. In the area of 1.3858 - 1.3820 is the consolidation of the price. For the potential value for the downward trend, consider the level of 1.3745. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 1.3990 - 1.4040. The breakdown of the last value will lead to in-depth movement. Here, the target is 1.4108. This level is the key support for the downward structure.
The main trend is the downward cycle from February 1.
Trading recommendations:
Buy: 1.4000 Take profit: 1.4040
Buy: 1.4142 Take profit: 1.4106
Sell: 1.3920 Take profit: 1.3860
Sell: 1.3820 Take profit: 1.3750
For the USD / CHF pair, the key levels in the scale of H1 are: 0.9449, 0.9412, 0.9352, 0.9263, 0.9211 and 0.9098. Here, we continue to follow the development of the downward trend from January 10 .The current price is in correction and forms the potential for the top of February 1. Short-term downward movement is expected in the area of 0.9263 - 0.9211. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 0.9098. Upon reaching this level, we expect a pullback to the top.
Going into correction is possible after the breakdown of 0.9352. Here, the target is 0.9412. Up to the level of 0.9449, we expect formalized initial conditions for the upward cycle.
The main trend is a downward structure from January 10, the correction stage.
Trading recommendations:
Buy: 0.9352 Take profit: 0.9410
Buy: Take profit:
Sell: 0.9260 Take profit: 0.9215
Sell: 0.9208 Take profit: 0.9100
For the USD / JPY pair, the key levels on a scale are: 112.03, 111.45, 111.05, 110.42, 109.69, 109.26, 108.88 and 108.28. Here, we follow the formation of the upward structure of January 26. The continuation of the movement towards the top is expected after the breakdown of 110.42. In this case, the target is 111.05. In the area of 111.05 - 111.45 is the consolidation of the price. For the potential value for the top, consider the level of 112.03. Upon reaching this level, we expect a rollback to the bottom.
The range of 109.26 - 108.88 is the key support for the upward structure from January 26. Passing the price will lead to the development of a downward structure. In this case, the target is 108.28.
The main trend is the upward structure of January 26.
Trading recommendations:
Buy: 110.42 Take profit: 111.05
Buy: 111.47 Take profit: 112.00
Sell: Take profit:
Sell: 108.86 Take profit: 108.30
For the CAD / USD pair, the key H1 scale levels are: 1.2717, 1.2649, 1.2618, 1.2563, 1.2496, 1.2463 and 1.2415. Here, we follow the development of the upward cycle of February 1. The continuation of the movement towards the top is expected after the breakdown of 1.2563. In this case, the target is 1.2618. In the area of 1.2618 - 1.2649 is the consolidation of the price. For the potential value for the top, consider the level of 1.2717. Upon reaching this level, we expect a rollback towards correction.
Short-term downward movement is possible in the area of 1.2496 - 1.2463. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2415. This level is the key support for the top.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 1.2565 Take profit: 1.2618
Buy: 1.2650 Take profit: 1.2715
Sell: 1.2495 Take profit: 1.2465
Sell: 1.2460 Take profit: 1.2420
For the AUD / USD pair, the key levels on the scale of H1 are: 0.8058, 0.7989, 0.7954, 0.7892, 0.7838, 0.7779 and 0.7747. Here, we follow the downward structure of January 26. At the moment, we expect the movement towards the level of 0.7838. Near this level is the consolidation of the price. The breakdown at 0.7838 should be accompanied by a pronounced movement towards the bottom. Here, the target is 0.7779. In the area of 0.7779 - 0.7747 is the consolidation of the price.
Short-term upward movement is possible in the area of 0.7954 - 0.7989. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.8058. This level is the key support for the top. Before reaching this level, we expect the formulation of pronounced initial conditions for the upward cycle.
The main trend is the downward structure of January 26.
Trading recommendations:
Buy: 0.7954 Take profit: 0.7987
Buy: 0.7993 Take profit: 0.8055
Sell: 0.7890 Take profit: 0.7840
Sell: 0.7835 Take profit: 0.7780
For the EUR / JPY pair, the key levels on the scale of H1 are: 137.50, 136.18, 135.49, 134.63, 133.78, 132.75, 132.07 and 131.02. Here, we follow the formation of a downward structure from February 2. The continuation of the movement towards the bottom is expected after the breakdown at the price level of 134.63. In this case, the target is 133.78. Near this level is the consolidation of the price. A breakdown at the level of 133.75 should be accompanied by a pronounced movement towards the level of 132.75. In the area of 132.75 - 132.07 is the consolidation of the price. For the potential value for the downward movement, consider the level of 131.02. From this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 135.49 - 136.18. The breakdown of the last value will lead to the development of an upward structure. In this case, the target is 137.50.
The main trend is the formation of a downward structure from February 2.
Trading recommendations:
Buy: 135.50 Take profit: 136.15
Buy: 136.25 Take profit: 137.45
Sell: 134.60 Take profit: 133.85
Sell: 133.75 Take profit: 132.80
For the GBP / JPY pair, the key levels on the scale of H1 are: 154.79, 153.68, 152.99, 151.62, 150.11, 148.31 and 147.11. Here, we follow the formation of a downward structure from February 2. The continuation of the movement towards the bottom is expected after the breakdown of 151.62. In this case, the target is 150.11. Near this level is the consolidation of the price. The breakdown of the level of 150.11 should be accompanied by a pronounced movement towards the level of 148.31. For the potential value for the bottom, consider the level of 147.11. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 152.99 - 153.68. The breakdown of the last value will lead to in-depth correction. Here, the target is 154.75. This level is the key support for the bottom. Passing the price will lead to the development of an upward movement. In this case, the target is 156.60.
The main trend is the formation of a downward structure from February 2.
Trading recommendations:
Buy: 153.00 Take profit: 153.65
Buy: 153.72 Take profit: 154.76
Sell: 151.60 Take profit: 150.45
Sell: 150.05 Take profit: 148.55