Dear colleagues.
For the EUR / USD pair, the continuation of the movement downward from February 16 is expected after the breakdown of 1.2324. For the GBP / USD pair, the price is still in correction from the upward structure on February 9. For the USD / CHF pair, the continuation of the development of the upward structure from February 16 is expected after the breakdown of 0.9390. For the USD / JPY pair, the development of the upward structure from February 16 is expected after the breakdown of 108.08. For the EUR / JPY pair, the continuation of the movement downwards is expected after passing the price of the noise range at 131.82 - 131.36. For the GBP / JPY pair, the continuation of the movement downwards is expected after the breakdown of 148.70.
Forecast for February 21:
Analytical review of currency pairs in the scale of H1:
For the of EUR / USD pair, the key levels on the scale of H1 are: 1.2476, 1.2429, 1.2391, 1.2326, 1.2273, 1.2225 and 1.2166. Here, we follow the development of the downward structure of February 16. The continuation of the downward movement is expected after the breakdown of 1.2326. In this case, the target is 1.2273. In the area of 1.2273 - 1.2225 is short-term downward movement, as well as the consolidation of the price. The potential value for the downward movement is the level of 1.2166. Upon reaching this level, we expect the withdrawal towards correction.
Short-term upward movement is possible in the area of 1.2391 - 1.2429. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2476. This level is the key support for the downward structure.
The main trend is the downward cycle from February 16.
Trading recommendations:
Buy: 1.2391 Take profit: 1.2427
Buy 1.2431 Take profit: 1.2474
Sell: 1.2324 Take profit: 1.2275
Sell: 1.2270 Take profit: 1.2227
For the GBP / USD pair, the key H1 scale levels are 1.4447, 1.4358, 1.4230, 1.4183, 1.4120, 1.4018, 1.3964 and 1.3894. Here, we continue to follow the formation of the upward structure of February 9. At the moment, the price is in correction. The continuation of the upward movement is expected after the breakdown of 1.4120. In this case, the target is 1.4183. Near this level is the consolidation of the price. Passing the price of the noise range at 1.4183 - 1.4230 should be accompanied by a pronounced movement towards the level of 1.4358. The potential value for the top is the level of 1.4447. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.4018 - 1.3964. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3894. This level is the key support for the upward structure.
The main trend is the formation of an upward structure from February 9, the correction stage.
Trading recommendations:
Buy: 1.4120 Take profit: 1.4181
Buy: 1.4232 Take profit: 1.4356
Sell: 1.3962 Take profit: 1.3896
Sell: 1.3890 Take profit: 1.3766
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9493, 0.9449, 0.9426, 0.9390, 0.9350, 0.9327 and 0.9292. Here, we follow the development of the upward cycle of February 16. The continuation of the upward movement is expected after the breakdown of 0.9390. In this case, the target is 0.9426. In the area of 0.9426 - 0.9449 is the consolidation of the price. The potential value for the top is the level of 0.9493. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.9350 - 0.9327. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9292. This level is the key support for the top.
The main trend is the upward cycle of February 16.
Trading recommendations:
Buy: 0.9390 Take profit: 0.9424
Buy: 0.9450 Take profit: 0.9490
Sell: 0.9350 Take profit: 0.9329
Sell: 0.9325 Take profit: 0.9294
For the USD / JPY pair, the key levels on the scale are: 109.24, 108.74, 108.06, 107.81, 107.23, 106.88 and 106.44. Here, the continuation of the development of the upward structure from February 16 is expected after passing the price of the noise range of 107.81 - 108.06. In this case, the target is 108.74. Near this level is the consolidation of the price. The potential value for the top is the level of 109.24. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 107.23 - 106.88. The breakdown of the last value will lead to in-depth correction. Here, the target is 106.44. This level is the key support for the upward structure.
The main trend is the upward structure of February 16.
Trading recommendations:
Buy: 108.06 Take profit: 108.72
Buy: 108.76 Take profit: 109.22
Sell: 107.20 Take profit: 106.90
Sell: 106.86 Take profit: 106.46
For the CAD / USD pair, the key levels on the H1 scale are: 1.2862, 1.2767, 1.2722, 1.2649, 1.2580, 1.2529 and 1.2432. The continuation of the upward movement is expected after the breakdown of 1.2650. Here, the first target is 1.2650. In this case, the target is 1.2722. In the area of 1.2722 - 1.2767 is the consolidation of the price. The potential value for the top is the level of 1.2920. Upon reaching this level, we expect a short-term upward movement in the area of 1.2862 - 1.2920 and a rollback towards correction.
Short-term downward movement is possible in the area of 1.2580 - 1.2529. The breakdown of the last value will lead to the development of the downward structure. Here, the potential target is 1.2432.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 1.2652 Take profit: 1.2720
Buy: 1.2770 Take profit: 1.2860
Sell: 1.2580 Take profit: 1.2532
Sell: 1.2527 Take profit: 1.2440
For the AUD / USD pair, the key levels on the scale of H1 are: 0.8098, 0.8055, 0.7995, 0.7945, 0.7897, 0.7869 and 0.7771. Here, we follow the upward structure of February 14. The continuation of the upward movement is expected after the breakdown of 0.7945. In this case, the target is 0.7995. Near this level is the consolidation of the price. The breakdown at the level of 0.7995 should be accompanied by a pronounced upward movement. The target here is 0.8055. The potential value for the top is the level 0.8098. Upon reaching this level, we expect a pullback downwards.
Consolidated traffic is possible in the area of 0.7897 - 0.7869. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7830. This level is the key support for the top. Its breakdown will allow us to count on the movement towards the potential target of 0.7771.
The main trend is a local structure for the top of February 14.
Trading recommendations:
Buy: 0.7945 Take profit: 0.7992
Buy: 0.7995 Take profit: 0.8050
Sell: 0.7866 Take profit: 0.7832
Sell: 0.7828 Take profit: 0.7775
For the EUR / JPY pair, the key levels on the scale of H1 are: 136.18, 135.69, 134.73, 133.90, 133.08, 131.82, 131.36, 130.48 and 129.23. Here, we follow the downward structure of February 2. The continuation of the downward movement is expected after passing the price of the noise range at 131.82 - 131.36. In this case, the target is 130.48. Near this level is the consolidation of the price. The potential value for the bottom is the level of 129.23. Upon reaching this level, we expect a rollback to the top.
The development of an upward correction is possible after the breakdown of 133.08. Here, the target is 133.90. Short-term upward movement is expected 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: 133.10 Take profit: 133.88
Buy: 133.92 Take profit: 134.70
Sell: 131.34 Take profit: 130.50
Sell: 130.44 Take profit: 129.30
For the GBP / JPY pair, the key levels on the scale of H1 are: 153.87, 152.56, 151.62, 150.85, 148.70, 147.11 and 145.56. Here, we continue to follow the downward structure of February 2. The continuation of the downward movement is expected after the breakdown of 148.70. In this case, the target is 147.11. Near this level is the consolidation of the price. The break of 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 rollback upward.
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: 148.70 Take profit: 147.15
Sell: 147.08 Take profit: 145.60