Dear colleagues.
For the EUR / USD pair, the price is in the correction zone from the downward structure on February 1. For the GBP / USD pair, we continue to monitor the main trend of January 25. For the USD / CHF pair, the continuation to the top is expected after the breakdown of 0.9455. For the USD / JPY pair, we follow the formation of the downward structure from February 2. The development of this level is expected after the breakdown of 108.30. For the EUR / JPY pair, the continuation of the development of the downward structure from February 2 is expected after the breakdown of 132.75. For the GBP / JPY pair, the continuation of the movement towards the bottom is expected after the breakdown at 149.05.
Forecast for February 13:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key H1 scale levels are: 1.2408, 1.2362, 1.2319, 1.2292, 1.2249, 1.2226, 1.2172, 1.2130 and 1.2077. Here, we continue to follow the downward structure of February 1. The continuation of the development of the downward cycle from February 1 is expected after passing the price of the noise range at 1.2249 - 1.2226. In this case, the target is 1.2172. In the area of 1.2172 - 1.2130, we expect short-term movement towards the bottom. For the potential value for the bottom, consider the level of 1.2077. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 1.2292 - 1.2319. The breakdown of the last value will lead to in-depth correction. In this case, the target is 1.2362. This level is the key support for the downward structure. Passing the price will lead to the development of an upward structure. In this case, the goal is 1.2408.
The main trend is the downward structure of February 1.
Trading recommendations:
Buy: 1.2292 Take profit: 1.2317
Buy 1.2322 Take profit: 1.2360
Sell: 1.2224 Take profit: 1.2174
Sell: 1.2170 Take profit: 1.2135
For the GBP / USD pair, the key levels on the scale of H1 are 1.4061, 1.3981, 1.3900, 1.3858, 1.3762, 1.3712 and 1.3615. Here, we follow the downward structure from January 25. Short-term movement towards the bottom is expected in the range 1.3762 - 1.3712. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 1.3615. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 1.3858 - 1.3900. The breakdown of the last value will lead to an in-depth movement. Here, the target is 1.3981. This level is the key support for the downward structure. Passing the price will lead to the formation of the initial conditions for the upward cycle.
The main trend is the downward cycle from January 25.
Trading recommendations:
Buy: 1.3858 Take profit: 1.3900
Buy: 1.3903 Take profit: 1.3980
Sell: 1.3760 Take profit: 1.3714
Sell: 1.3708 Take profit: 1.3615
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9597, 0.9543, 0.9402, 0.9455, 0.9387, 0.9342, 0.9287 and 0.9253. Here, we continue to follow the development of the upward structure of February 1. The continuation of the movement towards the top is expected after the breakdown of 0.9455. In this case, the target is 0.9502. In the area of 0.9502 - 0.9543 is the consolidation of the price. For the potential value for the top, consider the level of 0.9597. After reaching this level, we expect a pullback to the bottom.
Consolidated downward movement is possible in the area of 0.9387 - 0.9342. The breakdown of the last value will lead to a downward structure. In this case, the target is 0.9287.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 0.9455 Take profit: 0.9502
Buy: 0.9545 Take profit: 0.9595
Sell: Take profit:
Sell: 0.9340 Take profit: 0.9290
For the USD / JPY pair, the key levels on a scale are: 110.42, 109.75, 109.22, 108.88, 108.33, 107.68, 106.88 and 106.38. Here, we follow the downward structure from February 2. The continuation of the movement towards the bottom is expected after the breakdown of 108.33. In this case, the target is 107.68. Near this is the consolidation of the price. The breakdown of 107.65 should be accompanied by a pronounced movement towards the level of 106.88. For the potential value for the bottom, consider the level of 106.38. Upon reaching this level, we expect a rollback to correction.
Short-term upward movement is possible in the area of 108.88 - 109.22. The breakdown of the last value will lead to in-depth correction. Here, the target is 109.75. This level is the key support for the downward structure.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 109.23 Take profit: 109.75
Buy: 109.77 Take profit: 110.40
Sell: 108.30 Take profit: 107.70
Sell: 107.65 Take profit: 106.90
For the CAD / USD pair, the key H1 scale levels are: 1.2862, 1.2767, 1.2722, 1.2649, 1.2563, 1.2526 and 1.2463. 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 1.2650. In this case, the target is 1.2722. In the area of 1.2722 - 1.2767 is the consolidation of the price. For the potential value for the top, consider the level of 1.2862. Upon reaching this level, we expect a rollback to correction.
Short-term downward movement is possible in the area of 1.2563-1.2526. The breakdown of the latter value will lead to in-depth correction. Here, the target is 1.2463. This level is the key support for the top.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 1.2650 Take profit: 1.2720
Buy: 1.2723 Take profit: 1.2765
Sell: 1.2560 Take profit: 1.2528
Sell: 1.2522 Take profit: 1.2465
For the AUD / USD pair, the key levels in the scale of H1 are: 0.7912, 0.7873, 0.7789, 0.7747, 0.7706 and 0.7624. Here, we follow the downward structure from January 26. The current price is in correction. Continued movement towards the bottom is expected after the breakdown of 0.7789. In this case, the first target is 0.7747. Short-term movement is expected in the area of 0.7747 - 0.7706. The breakdown of the last value should be accompanied by a pronounced movement towards the potential target of 0.7624. From this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 0.7837 - 0.7912. Up to the level of 0.7912, we expect the formulation of the expressed initial conditions for the upward cycle from February 9.
The main trend is the downward structure from January 26, the correction stage.
Trading recommendations:
Buy: 0.7875 Take profit: 0.7910
Buy: Take profit:
Sell: 0.7787 Take profit: 0.7750
Sell: 0.7745 Take profit: 0.7710
For the EUR / JPY pair, the key levels on the scale of H1 are: 136.18, 135.69, 134.73, 133.90, 132.75, 131.82, 131.36, 130.48 and 129.23. Here, we follow the downward structure of February 2. The continuation of the movement towards the bottom is expected after the next breakdown of 132.75. In this case, the target is 131.82. In the area of 131.82 - 131.36 is the consolidation of the price. A breakdown of the level of 131.36 will allow us to count on the movement towards the level of 130.48. For the potential value for the bottom, consider the level of 129.23. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 133.90 - 134.73. The breakdown of the last value will lead to the development of an upward structure. In this case, the target is 135.70. The range of 135.70 - 136.18 is noise. Before reaching this level, we expect the initial conditions for the upward cycle.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 133.90 Take profit: 134.70
Buy: 134.75 Take profit: 135.65
Sell: 132.75 Take profit: 131.80
Sell: 131.34 Take profit: 130.50
For the GBP / JPY pair, the key levels on the scale of H1 are: 153.87, 152.56, 151.62, 150.85, 149.08, 147.11 and 145.56. Here, we continue to follow the downward structure of February 2. The continuation of the movement towards the bottom is expected after the breakdown of 149.08. In this case, the target is 147.11. Near this level is the consolidation of the price. The break at the level of 147.10 should be accompanied by a pronounced movement towards the potential level of 145.56. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 150.85 - 151.62. The breakdown of the last value will lead to in-depth correction. Here, the target is 152.56. 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 153.87.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 150.85 Take profit: 151.60
Buy: 151.65 Take profit: 152.50
Sell: 149.05 Take profit: 147.15
Sell: 147.08 Take profit: 145.60