FX.co ★ Fractal analysis of the major currency pairs for July 25

Dear colleagues.

For the pair Euro / Dollar, the continuation of the upward movement is expected after the breakdown of 1.1685. For the Pound / Dollar pair, we follow the formation of the upward structure of July 20. For the pair Dollar / Frank, the continuation of the downward movement is expected after the breakdown of 0.9440. For the pair Dollar / Yen, the continuation of the movement downwards is possible after the breakdown of 110.57. For the pair Euro / Yen, the price is in an equilibrium state and the development of the downward movement is expected after the breakdown of 128.80. For the Pound / Yen pair, the continuation of the movement downwards is expected after the breakdown of 143.65.

Forecast for July 25:

Analytical review of currency pairs in the scale of H1:

For the EUR / USD pair, key levels on the scale of H1 are: 1.1749, 1.1714, 1.1683, 1.1654, 1.1633, 1.1599 and 1.1574. Here, we follow the upward cycle of July 13th. The continued upward movement is expected after the breakdown of the level of 1.1683. In this case, the target is 1.1714 and near this level is the consolidation. Hence, the probability of leaving for correction is high. The level of 1.1749 is the potential value for the upward cycle.

The short-term downward movement is possible in the corridor of 1.1654 - 1.1633 and the breakdown of the last value will lead to in-depth correction. Here, the target is 1.1599 and the range of 1.1599-1.1744 is the key support for the top. Before it, we expect the initial conditions for the downward cycle.

The main trend is the local structure for the top of July 13.

Trading recommendations:

Buy: 1.1685 Take profit: 1.1712

Buy: 1.1716 Take profit: 1.1745

Sell: 1.1654 Take profit: 1.1635

Sell: 1.1630 Take profit: 1.1600

For the Pound / Dollar pair, key levels on the scale of H1 are: 1.3109, 1.3085, 1.3051, 1.3014, 1.2995, 1.2964 and 1.2911. Here, we follow the formation of the upward structure of July 20. The continued upward movement is expected after the breakdown of 1.3051. In this case, the target is 1.3085. The potential value of the upstream structure is still considered at level 1.3109, upon the achievement of which we expect consolidation.

The short-term downward movement is possible in the corridor of 1.3014 - 1.2995 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2965 and this level is the key support for the upward structure. Its passage at the price will lead to the development of pronounced downward movement and in this case, the first target is 1.2911.

The main trend is the formation of the upward structure of July 20.

Trading recommendations:

Buy: 1.3051 Take profit: 1.3085

Buy: 1.3087 Take profit: 1.3106

Sell: 1.3014 Take profit: 1.2997

Sell: 1.2993 Take profit: 1.2968

For the pair Dollar / Frank, the key levels on the scale of H1 are: 0.9525, 0.9493, 0.9468, 0.9440, 0.9397 and 0.9362. Here, the continuation of the development of the downward structure from July 20 is expected after the breakdown of 0.9440. In this case, the target is 0.9397. The potential value for the bottom is the level of 0.9362, upon reaching which we expect a rollback upward.

The short-term upward movement is possible in the corridor of 0.9468 - 0.9493 and the breakdown of the latter value will lead to in-depth movement. Here, the target is 0.9525 and this level is the key support for the downward structure.

The main trend is a local downward structure from July 20.

Trading recommendations:

Buy: 0.9468 Take profit: 0.9492

Buy: 0.9495 Take profit: 0.9525

Sell: 0.9440 Take profit: 0.9400

Sell: 0.9395 Take profit: 0.9364

For the pair Dollar / Yen, key levels on the scale are: 112.29, 111.84, 111.59, 111.24, 110.57, 110.24 and 109.52. Here, we continue to follow the development of the downward structure of July 11. The short-term downward movement is expected in the corridor of 110.57 - 110.24 and the breakdown of the last value will lead to a movement to the potential target of 109.52, upon reaching which we expect a rollback into the correction.

The correction is possible after the breakdown of 111.24. Here, the target is 111.59 and the range of 111.59 - 111.84 is the key support for the downward structure. Its passage by the price will have to create initial conditions for the upward cycle and in this case, the target is 112.29.

The main trend is the downward structure of July 11.

Trading recommendations:

Buy: 111.26 Take profit: 111.59

Buy: 111.86 Take profit: 111.25

Sell: 110.55 Take profit: 110.26

Sell: 110.22 Take profit: 109.55

For the Canadian Dollar / Dollar pair, the key levels on the scale of H1 are: 1.2775, 1.2643, 1.2559, 1.2460, 1.2388 and 1.2252. Here, we follow the downward cycle from June 8th. The short-term downward movement is expected in the range of 1.2460 - 1.2388. Hence, the probability of a turn in correction is high. The break of the level of 1.2385 will allow to counting on the movement to the maximum target of 1.2252.

The short-term upward movement is possible in the corridor of 1.2559 - 1.2643 and the breakdown of the last value will lead to in-depth correction. Here, the target is 1.2775 and this level on the scale of H1, we expect the formation of pronounced initial conditions for the upward cycle.

The main trend is the downward cycle from June 8.

Trading recommendations:

Buy: 1.2560 Take profit: 1.2640

Buy: 1.2645 Take profit: 1.2773

Sell: 1.2460 Take profit: 1.2390

Sell: 1.2386 Take profit: 1.2255

For the Australian Dollar / Dollar pair, key levels on the scale of H1 are: 0.8039, 0.7970, 0.7905, 0.7822, 0.7777 and 0.7708. Here, for the time being, we continue to follow the upward structure of May 9. The range of 0.7905 - 0.7971 is the price consolidation and hence, the likelihood of avoiding a prolonged correction on the scale of H1 is high. The limiting value for this structure is the level 0.8039 and the movement to which we regard as unstable.

The short-term downward movement is possible in the corridor of 0.7822 - 0.7777 and the breakdown of the last value will lead to in-depth correction. Here, the target is 0.7708 and this level is the key support on the scale of H4.

The main trend is the upward structure of May 9 and we expect a correction.

Trading recommendations:

Buy: Take profit:

Buy: Take profit:

Sell: 0.7820 Take profit: 0.7780

Sell: 0.7772 Take profit: 0.7710

For the Euro / Yen pair, the key levels on the scale of H1 are: 131.62, 130.72, 130.39, 129.91, 129.21, 128.81, 128.18 and 127.59. Here, the situation is in an equilibrium state. The continued downward movement is expected after the pass at the price range of 129.21 - 128.81. In this case, the target is 128.18 and the potential value for the bottom is still the level of 127.59, upon which we expect consolidation.

The continuation of the upward movement is possible after the breakdown of 129.91. Here, the first target is 130.39 and the passage at the price range of 130.39 - 130.72 will allow to count on the movement of the potential target of 131.62.

The main trend is the formation of the upward structure of July 19.

Trading recommendations:

Buy: 129.91 Take profit: 130.39

Buy: 130.75 Take profit: 131.60

Sell: 128.80 Take profit: 128.25

Sell: 128.15 Take profit: 127.65

For the Pound / Yen pair, the key levels on the scale of H1 are: 146.70, 145.55, 144.88, 144.53, 143.69, 143.08, 142.22 and 141.77. Here, we follow the development of the downward structure of July 17. The continuation of the movement downwards is expected after the breakdown of 143.69. In this case, the target is 143.10 and at this level is the consolidation of the price. The level of 143.05 should be accompanied by a pronounced downward movement. Here, the target is 142.22 and the potential value for the bottom is the level of 141.77, after which we expect consolidation and a rollback into the correction.

The short-term upward movement is possible in the corridor of 144.53 - 144.88 and the breakdown of the last value will lead to in-depth movement. Here, the target is 145.55 and this level is the key support for the downward structure. Its passage by the price will have to form the initial conditions for the upward cycle. Here, the potential target is 146.70 .

The main trend is the downward structure of July 17.

Trading recommendations:

Buy: 144.90 Take profit: 145.55

Buy: 145.60 Take profit: 146.70

Sell: 143.69 Take profit: 143.12

Sell: 143.05 Take profit: 142.25