FX.co ★ Fractal analysis for major currency pairs as of April 27

Dear colleagues.

For the EUR / USD pair, the price is near the limit values. In connection with this, we expect a pullback upward. For the GBP / USD pair, the main continuation of the downward trend is expected after the breakdown 1.3845. For the USD / CHF pair, the price is near the limit values for the upward structure of April 10 so we expect a pullback in the area of correction. For the USD / JPY pair, there is a high probability of leaving in the correction from the level of 109.48. For the EUR / JPY pair, the price is in correction. The continuation of the upward movement is expected after the breakdown of 133.06. For the GBP / JPY pair, the situation is in an equilibrium state: a downward structure from April 16 and the formation of a potential for the top of April 20.

Forecast for April 27:

Analytical review of currency pairs in the scale of H1:

For the EUR / USD pair, the key levels on the scale of H1 are: 1.2185, 1.2159, 1.2133 and 1.2086. Here, we follow the downward structure from April 17 and currently, we expect a correction. The subsequent goals for the downward movement are not yet considered. Short-term upward movement is expected in the area of 1.2133 - 1.2159. The breakdown of the last value will lead to a movement towards the level of 1.2185.

The main trend is the downward cycle from April 17.

Trading recommendations:

Buy: 1.2133 Take profit: 1.2157

Buy 1.2161 Take profit: 1.2182

Sell: Take profit:

Sell: Take profit:

For the GBP / USD pair, the key levels on the scale of H1 are 1.4171, 1.4096, 1.4046, 1.3979, 1.3892, 1.3847 and 1.3752. Here, we follow the downward structure of April 17. Short-term downward movement is expected in the area of 1.3892 - 1.3847. The breakdown of the last value will lead to a movement towards the potential target of 1.3752. Upon reaching this level, we expect a pullback upward.

Correction is possible after the breakdown at 1.3979. In this case, the target is 1.4046. In the area of 1.4046 - 1.4096 is short-term upward movement. This range is also the key support for the downward structure.

The main trend is the downward structure of April 17.

Trading recommendations:

Buy: 1.3980 Take profit: 1.4042

Buy: 1.4047 Take profit: 1.4094

Sell: 1.3890 Take profit: 1.3848

Sell: 1.3845 Take profit: 1.3752

For the USD / CHF pair, the key levels on the scale of H1 are: 0.9916, 0.9874, 0.9854, 0.9821, 0.9797, 0.9760 and 0.9729. Here, we follow the upward structure from April 10 and at the moment, we expect a correction. Short-term downward movement is expected in the area of 0.9874 - 0.9854. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9821. In the area of 0.9821 - 0.9797 is the consolidation of the price. The potential value for the downward trend is the level of 0.9760. Up to this level, we expect the initial conditions for the downward cycle to be formalized.

The main trend is the upward structure of April 10.

Trading recommendations:

Buy: Take profit:

Buy: Take profit:

Sell: 0.9872 Take profit: 0.9855

Sell: 0.9851 Take profit: 0.9825

For the USD / JPY pair, the key levels on a scale are: 109.96, 109.48, 109.13, 108.94, 108.61, 108.45 and 108.16. Here, we expect a consolidated movement near the level of 109.48. The potential value for the top is the level of 109.96. However, we consider the movement towards this goal as unstable.

Short-term downward movement is possible in the area of 109.13 - 108.94. The breakdown of the last value will lead to in-depth correction. Here, the target is 108.61. The range of 108.61 - 108.45 is the key support for the top.

The main trend is a local upward cycle from April 11.

Trading recommendations:

Buy: Take profit:

Buy: Take profit:

Sell: 109.13 Take profit: 108.96

Sell: 108.92 Take profit: 108.64

For the CAD / USD pair, the key levels on the H1 scale are: 1.2982, 1.2930, 1.2909, 1.2871, 1.2819, 1.2790, 1.2745 and 1.2708. Here, we follow the upward structure of April 17. The continuation of the upward movement is expected after the breakdown of 1.2871. In this case, the target is 1.2909. In the area of 1.2909 - 1.2930 is the consolidation of the price. The potential value for the top is the level of 1.2982. Upon reaching this level, we expect a pullback downwards.

Short-term downward movement is possible in the area of 1.2819 - 1.2790. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2745. This level is the key support for the top of April 17. Its breakdown will lead to the formation of the initial conditions for the downward cycle. In this case, the target of 1.2708.

The main trend is the upward structure of April 17.

Trading recommendations:

Buy: 1.2871 Take profit: 1.2907

Buy: 1.2932 Take profit: 1.2980

Sell: 1.2817 Take profit: 1.2792

Sell: 1.2788 Take profit: 1.2747

For the of AUD / USD pair, the key levels on the scale of H1 are: 0.7683, 0.7646, 0.7610, 0.7590, 0.7538, 0.7520 and 0.7488. Here, we follow the downward structure of April 19. The continuation of the downward movement is expected after passing through the noise band at 0.7538 - 0.7520. In this case, the target is 0.7488. From this level, we expect a rollback to the top.

Short-term uptrend is possible in the area of 0.7590 - 0.7610. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7646. This level is the key support for the downward cycle. Up to the level of 0.7683, we expect the initial conditions for the upward movement towards be formalized.

The main trend is the downward structure of April 19.

Trading recommendations:

Buy: 0.7590 Take profit: 0.7608

Buy: 0.7612 Take profit: 0.7644

Sell: 0.7520 Take profit: 0.7490

Sell: Take profit:

For the of EUR / JPY pair, the key levels on the scale of H1 are: 134.70, 133.92, 133.54, 133.06, 132.25, 131.76 and 131.09. Here, we continue to follow the upward structure of March 22. At the moment, the price is in correction. The continuation of the upward movement is expected after the breakdown of 133.06. In this case, the target is 133.54. Short-term upward movement is possible in the area of 133.54 - 133.92. The breakdown of the last value will lead to the movement towards the potential target of 134.70. Near this level, we expect the consolidation of the price.

Short-term downward movement is possible in the area of 132.25 - 131.76. The breakdown of the latter value will lead to the development of a downward trend. Here, the target is 131.09. This level is still potential for the bottom.

The main trend is the upward structure of March 22, the correction stage.

Trading recommendations:

Buy: 133.08 Take profit: 133.52

Buy: 133.95 Take profit: 134.70

Sell: 132.20 Take profit: 131.80

Sell: 131.72 Take profit: 131.15

For the GBP / JPY pair, the key levels on the scale of H1 are: 154.53, 153.99, 153.21, 152.70, 151.82, 151.28, 150.60, 150.23 and 149.59. Here, the situation is in an equilibrium state: a downward structure from April 16 and the formation of an upward potential from April 20. Short-term upward movement is expected in the area of 152.70 - 153.21. The breakdown of the last value will lead to the movement towards the level of 153.99. The potential value for the top is the level 154.43. Upon reaching this level, we expect the consolidation of the price.

Short-term downward movement is possible in the area of 151.82 - 151.28. The breakdown of the last value will lead to the development of a downward structure from April 16. In this case, the target is 150.60. In the area of 150.60 - 150.23 is the consolidation of the price. The potential value for the bottom is the level of 149.59.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 152.70 Take profit: 153.20

Buy: 153.25 Take profit: 153.95

Sell: 151.80 Take profit: 151.33

Sell: 151.25 Take profit: 150.65