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FX.co ★ Fractal analysis of major currency pairs on July 14, 2021

Fractal analysis of major currency pairs on July 14, 2021

Outlook on July 14:

Analytical overview of popular currency pairs on the H1 chart:

Fractal analysis of major currency pairs on July 14, 2021

The key levels for the EUR/USD pair are 1.1851, 1.1825, 1.1805, 1.1771, 1.1758, 1.1726, and 1.1710. The price has canceled the formation of the upward trend, so now, we are monitoring the local initial downward conditions from July 9. We expect the downward movement to continue after the price breaks through the 1.1771 - 1.1758 range. The target is set at 1.1726. The final potential downward target is 1.1710. After reaching it, the price may consolidate and pull back upwards.

A short-term growth, in turn, is possible in the range of 1.1805 - 1.1825. If the latter is broken, a deep correction will occur. The target is set at 1.1851, which is also the key support level.

The main trend is the local downward trend from July 9.

Trading recommendations:

Buy: 1.1805 Take profit: 1.1825

Buy: 1.1827 Take profit: 1.1850

Sell: 1.1758 Take profit: 1.1727

Sell: 1.1725 Take profit: 1.1710

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Fractal analysis of major currency pairs on July 14, 2021

The key levels for the GBP/USD pair are 1.4051, 1.4009, 1.3968, 1.3919, 1.3884, 1.3800, 1.3781, and 1.3740. The price has been moving in an upward trend since July 8, but it is expected to cancel this pattern, which requires breaking through the level of 1.3800 - 1.3781. The first potential target is set at 1.3740. We expect growth to continue after the price breaks through the level of 1.3884. The breakdown of the first target is 1.3919 should be accompanied by a strong growth towards the next target of 1.3968. The price may consolidate around this level. In the meantime, the ultimate potential upward target is 1.4009. The price may consolidate and pull back downwards after reaching this level.

The main trend is the upward trend from July 8, deep correction stage.

Trading recommendations:

Buy: 1.3884 Take profit: 1.3917

Buy: 1.3921 Take profit: 1.3968

Sell: 1.3780 Take profit: 1.3742

Sell: Take profit:

Fractal analysis of major currency pairs on July 14, 2021

The key levels for the USD/CHF pair are 0.9234, 0.9200, 0.9182, 0.9131, 0.9100, 0.9050 and 0.9031. The price has formed a strong downward trend from July 7. We expect this trend to resume after the level of 0.9131 is broken. The target is set at 0.9100 and the price may consolidate around it. If the specified target is broken, a strong decline will continue to the target of 0.9050. The final potential downward target is 0.9031. After reaching it, the price may consolidate and pull back upwards.

Short-term growth is possible in the 0.9182 - 0.9200 range. If the latter is broken, a deep correction will occur. The target is set at 0.9234, which is also the key support level.

The main trend is the downward trend from July 7.

Trading recommendations:

Buy: 0.9203 Take profit: 0.9234

Buy: 0.9236 Take profit: 0.9265

Sell: 0.9130 Take profit: 0.9103

Sell: 0.9098 Take profit: 0.9050

Fractal analysis of major currency pairs on July 14, 2021

The key levels for the USD/JPY pair are 111.14, 110.82, 110.71, 110.38, 110.17, 109.93, and 109.54. The upward trend from July 8 is expected to further develop after the price breaks through the range of 110.71 - 110.82. The target is set at 111.14 and the price may consolidate around it.

A short-term decline is likely in the range of 110.38 - 110.17. If the level of 110.17 is broken, a deep correction will occur. The target is set at 109.93, which is also the key support level.

The main trend is the upward trend from July 8.

Trading recommendations:

Buy: 110.82 Take profit: 111.14

Buy: Take profit:

Sell: 110.38 Take profit: 110.18

Sell: 110.15 Take profit: 109.95

Fractal analysis of major currency pairs on July 14, 2021

The key levels for the USD/CAD pair are 1.2695, 1.2636, 1.2609, 1.2538, 1.2450, 1.2400, and 1.2303. The price has been moving in a bullish trend since July 6. We expect this trend to resume after the level of 1.2538 is broken. The target is set at 1.2609. After that, short-term growth and consolidation are possible in the range of 1.2609 - 1.2636. The ultimate potential upward target is 1.2695. After reaching it, a downward pullback can be expected.

Meanwhile, a short-term decline is likely in the range of 1.2450 - 1.2400, hence an upward reversal is very possible. If the last value is broken, it will favor the development of a downward trend. The target is set at 1.2303.

The main trend is the upward trend from July 6.

Trading recommendations:

Buy: 1.2540 Take profit: 1.2609

Buy: 1.2637 Take profit: 1.2695

Sell: 1.2449 Take profit: 1.2403

Sell: 1.2495 Take profit: 1.2310

Fractal analysis of major currency pairs on July 14, 2021

The key levels for the AUD/USD pair are 0.7538, 0.7497, 0.7440, 0.7409, 0.7390, 0.7354, 0.7319 and 0.7291. The situation is in equilibrium: the downward trend from July 6 and the upward potential from July 9. We expect the downward movement to continue after the level of 0.7440 is broken. The first target is set at 0.7409. After that, a short-term decline is expected in the range of 0.7409 - 0.7390. If the latter is broken, strong movement will continue to target 0.7354. The price may consolidate near it. The breakdown of the indicated target will allow us to move to the level of 0.7319. The final potential upward target is set at 0.7291. After reaching it, an upward pullback can be expected.

On the other hand, the key support for the downside is the level of 0.7497. Its breakdown will encourage the development of an upward trend. The first potential target is 0.7538.

The main trend is the downward trend from July 6, correction stage.

Trading recommendations:

Buy: 0.7500 Take profit: 0.7530

Buy: Take profit:

Sell: 0.7440 Take profit: 0.7410

Sell: 0.7388 Take profit: 0.7356

Fractal analysis of major currency pairs on July 14, 2021

The key levels for the EUR/JPY pair are 131.82, 131.63, 131.16, 130.71, 130.33, 130.03, 129.57, and 129.16. We are watching the formation of the upward potential from July 8, but the price is currently close to canceling this trend, which requires breaking through the level of 130.03. We expect the upward trend to extend after the level of 130.71 is broken. The first target is set at 131.16. Its breakdown should be accompanied by strong growth. The potential target is 131.82.

The price may consolidate in the range of 130.33 - 130.03. If the latter is broken, it will favor the development of a downward trend. The first target is set at 129.57. The ultimate potential downward target is 129.16.

The main trend is the formation of an upward trend from July 8, deep correction stage.

Trading recommendations:

Buy: 130.71 Take profit: 131.14

Buy: 131.18 Take profit: 131.63

Sell: 130.01 Take profit: 129.60

Sell: 129.55 Take profit: 129.16

Fractal analysis of major currency pairs on July 14, 2021

The key levels for the GBP/JPY pair are 154.73, 154.40, 153.58, 153.28, 152.53, 152.25, and 151.70. The price has been moving in an upward trend since July 8. At the moment, we expect a short-term growth in the 153.28 - 153.58 range. If the latter is broken, strong growth will continue to the target of 154.40. The ultimate potential upward target is 154.73. After reaching it, the price may consolidate and pull back downwards.

A short-term decline is possible in the range of 152.53 - 152.25. If the last value is broken, it will lead to a deep correction. The target is set at 151.70, which is also the key support level.

The main trend is the upward trend from July 8.

Trading recommendations:

Buy: 153.28 Take profit: 153.57

Buy: 153.61 Take profit: 154.40

Sell: 152.53 Take profit: 152.26

Sell: 152.21 Take profit: 151.74

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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