Fractal analysis for major currency pairs as of July 9

The forecast for July 9:

Analytical review of currency pairs in the scale of H1:

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For the EUR / USD pair, the key levels on the scale of H1 are: 1.1889, 1.1861, 1.1807, 1.1771, 1.1718, 1.1684 and 1.1652. Here, we follow the development of the upward cycle of June 28. The continued movement to the top, we expect after the breakdown of 1.1771. In this case, the target is 1.1807 and near this level is the consolidation. The break of the level of 1.1810 should be accompanied by a pronounced movement to the level of 1.1861. The potential value for the top, consider the level of 1.1889, upon reaching which, we expect consolidation in the corridor of 1.1861 - 1.1889, as well as a pullback to the bottom.

The short-term downward movement, possibly in the corridor of 1.1718-1.1684 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1652 and this level is the key support for the upward structure.

The main trend is the upward structure of June 28.

Trading recommendations:

Buy: 1.1771 Take profit: 1.1805

Buy 1.1812 Take profit: 1.1860

Sell: 1.1716 Take profit: 1.1690

Sell: 1.1682 Take profit: 1.1656

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For the Pound / Dollar pair, the key levels on the scale of H1 are 1.3422, 1.3368, 1.3329, 1.3274, 1.3246, 1.3211 and 1.3172. Here, we follow the upward structure of June 28. The continued movement to the top, we expect after the breakdown of 1.3329. In this case, the target is 1.3368 and near this level is the consolidation of the price. The potential value for the top, consider the level of 1.3422, upon reaching which, we expect a pullback to the bottom.

The short-term downward movement, we expect in the range of 1.3274 - 1.3246 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3211 and this level is the key support for the upward structure. Its breakdown will have to develop a downward structure. In this case, the target is 1.3172.

The main trend is the development of the ascending structure of June 28.

Trading recommendations:

Buy: 1.3330 Take profit: 1.3365

Buy: 1.3372 Take profit: 1.3420

Sell: 1.3272 Take profit: 1.3248

Sell: 1.3244 Take profit: 1.3212

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For the pair of Dollar / Franc, the key levels in the scale of H1 are: 0.9942, 0.9914, 0.9897, 0.9862, 0.9849 and 0.9811. Here, we continue to follow the downward structure of June 28. At the moment, we expect the move to the level of 0.9865, after reaching consolidation in the corridor of 0.9865 - 0.9849. The break of 0.9849 level should be accompanied by a pronounced downward movement to the potential target of 0.9811, from this level we expect a pullback to the top.

The short-term uptrend, possibly in the corridor of 0.9897 - 0.9914 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9942 and this level is the key support for the downward structure.

The main trend is the downward structure of June 28.

Trading recommendations:

Buy: 0.9900 Take profit: 0.9914

Buy: 0.9916 Take profit: 0.9940

Sell: 0.9863 Take profit: 0.9851

Sell: 0.9847 Take profit: 0.9814

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For the pair Dollar / Yen, the key levels on the scale of H1 are: 112.00, 111.58, 111.39, 111.09, 110.52, 110.25 and 109.96. Here, the price is in deep correction from the ascending structure on June 26. The continued development of the upward cycle from June 26, we expect after the breakdown of 111.10. In this case, the target is 111.39 and in the corridor of 111.39 - 111.58 is the consolidation. The potential value for the top, consider the level of 112.00, after reaching this level, we expect a pullback to the bottom.

The consolidated movement, possibly in the corridor of 110.52 - 110.25 and the breakdown of the latter value will lead to the development of a downward structure. In this case, the first potential target is 109.96.

The main trend is the upward structure of June 26, the correction stage.

Trading recommendations:

Buy: 111.10 Take profit: 111.36

Buy: 111.60 Take profit: 112.00

Sell: 110.25 Take profit: 110.00

Sell: Take profit:analytics5b42d85463485.png

For the Canadian Dollar / Dollar pair, the key levels on the H1 scale are: 1.3247, 1.3193, 1.3147, 1.3071, 1.3025, 1.2938, 1.2872 and 1.2768. Here, we follow the formation of a downward structure from June 27. The short-term downward movement, we expect in the range of 1.3071 - 1.3025 and the breakdown of the last value will lead to the development of a pronounced movement to the bottom. Here, the target is 1.2398. In the corridor 1.2938 - 1.2872, we expect a short-term downward movement. The potential value for the bottom, consider the level of 1.2768, the movement to this level is expected after the breakdown of 1.2870.

The short-term upward movement, possibly in the corridor of 1.3147 - 1.3193 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3247 and this level is the key support for the bottom.

The main trend is the formation of a downward structure from June 27.

Trading recommendations:

Buy: 1.3148 Take profit: 1.3190

Buy: 1.3195 Take profit: 1.3245

Sell: 1.3025 Take profit: 1.2940

Sell: 1.2935 Take profit: 1.2875

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For the Australian Dollar / Dollar pair, the key levels on the scale of H1 are: 0.7600, 0.7555, 0.7538, 0.7502, 0.7478, 0.7427, 0.7402 and 0.7367. Here, we follow the development of the upward structure of July 2. The short-term upward movement, possibly in the corridor of 0.7478 - 0.7502 and the breakdown of the last value will lead to a pronounced movement. Here, the target is 0.7538 and in the corridor of 0.7538 - 0.7555 is the consolidation. The potential value for the top, consider the level of 0.7600, upon reaching which, we expect a pullback to the bottom.

The short-term downward movement, possibly in the corridor of 0.7427 - 0.7402 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.7367.

The main trend is the upward structure of July 2.

Trading recommendations:

Buy: 0.7478 Take profit: 0.7500

Buy: 0.7504 Take profit: 0.7536

Sell: 0.7425 Take profit: 0.7404

Sell: 0.7400 Take profit: 0.7370

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For the pair of Euro / Yen, the key levels on the scale of H1 are: 132.02, 131.20, 130.64, 129.90, 128.80, 128.34, 127.74 and 127.06. Here, the price has issued a pronounced structure for the upward movement of June 28. The continuation of traffic to the top, we expect after the breakdown of 129.90. In this case, the target is 130.64 and in the corridor of 130.64 - 131.20, we expect short-term upward movement, as well as consolidation. The potential value for the top, consider the level of 132.02, upon reaching which, we expect a pullback to the bottom.

The short-term downward movement, possibly in the corridor of 128.80 - 128.34 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 127.74 and this level is the key support for the upward structure of June 28.

The main trend is the upward structure of June 28.

Trading recommendations:

Buy: 129.90 Take profit: 130.60

Buy: 130.66 Take profit: 131.20

Sell: 128.80 Take profit: 128.38

Sell: 128.30 Take profit: 127.80

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For the Pound / Yen pair, the key levels on the scale of H1 are: 148.80, 148.10, 147.48, 146.67, 145.62, 145.11 and 144.52. Here, the price forms an upward structure from June 28. The continued movement to the top, we expect after the breakdown of 146.67. In this case, the target is 147.48 and in the corridor of 147.48 - 148.10 is the consolidation. The potential value for the top, consider the level of 148.89, after reaching which, we expect a rollback to the bottom.

The short-term downward movement, possibly in the corridor of 145.62 - 145.11 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 144.52 and this level is the key support for the upward structure of June 28.

The main trend is the formation of the upward structure of June 28.

Trading recommendations:

Buy: 146.68 Take profit: 147.45

Buy: 147.50 Take profit: 148.10

Sell: 145.60 Take profit: 145.14

Sell: 145.10 Take profit: 144.55

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