Dear colleagues.
For the currency pair Euro / Dollar, we follow the downward structure of August 28. For the Pound / Dollar currency pair, the price forms a downward potential from August 30. For the Dollar / Franc currency pair, we expect a correction movement. For the currency pair Dollar / Yen, we are monitoring the formation of the potential for the bottom of August 29. For the currency pair of Euro / Yen, the price forms the potential for the bottom of August 29. For the Pound / Yen currency pair, we follow the development of the downward structure from August 30.
The forecast for September 3:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD currency pair, the key levels on the scale of H1 are: 1.1680, 1.1651, 1.1630, 1.1586, 1.1568, 1.1538 and 1.1517. Here, we follow the development of the downward cycle of August 28. The short-term downward movement is possible in the corridor of 1.1586 - 1.1568 and the breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 1.1538. The potential value for the downward movement is the level of 1.1517, from which we expect a pullback upward.
The short-term upward movement is possible in the corridor of 1.1630-1.1651 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1680 and this level is the key support for the downward cycle.
The main trend is the downward cycle from August 28.
Trading recommendations:
Buy 1.1630 Take profit: 1.1650
Buy 1.1655 Take profit: 1.1680
Sell: 1.1566 Take profit: 1.1540
Sell: 1.1536 Take profit: 1.1517
For the Pound / Dollar currency pair, the key levels on the scale of H1 are: 1.2991, 1.2964, 1.2941, 1.2904, 1.2872, 1.2846 and 1.2809. Here, we follow the formation of a downward structure from August 30. The continued downward movement is expected after the breakdown of 1.2904. In this case, the target is 1.2872 and in the corridor of 1.2872 - 1.2846 is the short-term downward movement, as well as consolidation. The potential value for the downward trend is the level of 1.2809, the movement towards which we expect after the breakdown of 1.2844.
The short-term upward movement is possible in the corridor of 1.2941 - 1.2964 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.2991 and this level is the key support for the bottom.
The main trend is the formation of a downward structure from August 30.
Trading recommendations:
Buy: 1.2941 Take profit: 1.2962
Buy: 1.2965 Take profit: 1.2990
Sell: 1.2872 Take profit: 1.2848
Sell: 1.2844 Take profit: 1.2810
For the currency pair Dollar / Franc, the key levels on the scale of H1 are: 0.9774, 0.9748, 0.9729, 0.9713, 0.9683, 0.9667 and 0.9643. Here, we expect a correction in the downward structure on August 23. The short-term downtrend is possible in the range of 0.9683 - 0.9667 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9643, from this level we expect the movement to correction.
The short-term upward movement is possible in the corridor of 0.9713 - 0.9729 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9748 and the breakdown of which in turn will allow to count on the formation of the potential for the top. Here, the target is 0.9774.
The main trend is a local structure for the bottom of August 23, we expect a correction.
Trading recommendations:
Buy: 0.9713 Take profit: 0.9726
Buy: 0.9731 Take profit: 0.9748
Sell: 0.9665 Take profit: 0.9645
Sell: Take profit:
For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 112.42, 112.13, 111.80, 111.60, 111.01, 110.82 and 110.47. Here, the price forms the potential for the bottom of August 29 in the correction of the ascending structure. The short-term upward movement is expected in the corridor of 111.60 - 111.80 and the breakdown of the last value will lead to a pronounced movement. In this case, the target is 112.13. We consider the level of 112.42 to be a potential value for the top, after which we expect consolidation, as well as a pullback to the bottom.
The short-term downward movement is possible in the corridor of 111.01 - 110.82 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 110.47 and this level is the key support for the upward structure.
The main trend is the upward structure of August 21, the correction stage.
Trading recommendations:
Buy: 111.60 Take profit: 111.80
Buy: 111.83 Take profit: 112.12
Sell: 111.00 Take profit: 110.83
Sell: 110.80 Take profit: 110.50
For the Canadian Dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3152, 1.3133, 1.3097, 1.3071, 1.3034, 1.3019 and 1.2997. Here, we follow the downward cycle from August 30th. The continued upward movement is expected after the breakdown of 1.3071. In this case, the target is 1.3097 and near this level is the consolidation. The break of level 1.3097 should be accompanied by a pronounced upward movement. In this case, the target is 1.3133. The potential value for the top is the level of 1.3152, upon reaching of which we expect consolidated movement in the corridor 1.3133 - 1.3152, as well as a pullback.
The short-term downward movement is possible in the corridor of 1.3034 - 1.3019 and the breakdown of the last value will lead to an in-depth correction. In this case, the target is 1.2997.
The main trend is the ascending structure of August 30.
Trading recommendations:
Buy: 1.3072 Take profit: 1.3095
Buy: 1.3100 Take profit: 1.3133
Sell: 1.3033 Take profit: 1.3020
Sell: 1.3017 Take profit: 1.3000
For the Australian Dollar / Dollar currency pair, the key levels on the scale of H1 are: 0.7273, 0.7241, 0.7221, 0.7185, 0.7152, 0.7131 and 0.7094. Here, we follow the downward structure of August 28. The continued downward movement is expected after the breakdown of 0.7185. In this case, the target is 0.7152 and in the corridor of 0.7152 - 0.7131 is the consolidation of the price. The potential value for the bottom is the level of 0.7094, from which we expect a rollback to the top.
The short-term upward movement is possible in the corridor of 0.7221 - 0.7241 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.7273 and this level is the key support for the bottom.
The main trend is the downward structure of August 28.
Trading recommendations:
Buy: 0.7221 Take profit: 0.7240
Buy: 0.7243 Take profit: 0.7270
Sell: 0.7182 Take profit: 0.7152
Sell: 0.7130 Take profit: 0.7095
For the EUR / JPY currency pair, the key levels on the scale of H1 are: 130.06, 129.55, 129.19, 128.43, 127.98, 127.47 and 127.18. Here, we follow the formation of a downward structure from August 29. The short-term downward movement is possible in the corridor of 128.43 - 127.98 and the breakdown of the last value will lead to a movement to the level of 127.47. In the corridor of 127.47 - 127.18 is the consolidation.
The short-term upward movement is possible in the corridor of 129.19 - 129.55 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 130.06 and this level is the key resistance for the subsequent development of the upward trend.
The main trend is the formation of the potential for the bottom of August 29.
Trading recommendations:
Buy: 129.19 Take profit: 129.54
Buy: 129.57 Take profit: 130.04
Sell: 128.40 Take profit: 128.00
Sell: 127.95 Take profit: 127.50
For the Pound / Yen currency pair, the key levels on the scale of H1 are: 144.74, 144.15, 143.70, 143.15, 142.79, 142.31, 141.99 and 141.38. Here, we follow the development of the downward structure of August 30. The continued downward movement is expected after the passage at the price of the noise range of 143.15 - 142.79. In this case, the target is 142.31 and in the corridor of 142.31 - 141.99 is the consolidation. The potential value for the downward trend is the level of 141.38, from which we expect a rollback to the top.
The short-term upward movement is possible in the corridor of 143.70 - 144.15 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 144.74 and this level is the key support for the downward structure from August 30.
The main trend is the downward structure of August 30.
Trading recommendations:
Buy: 143.70 Take profit: 144.10
Buy: 144.20 Take profit: 144.70
Sell: 142.75 Take profit: 142.31
Sell: 141.99 Take profit: 141.40
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