Fractal analysis of major currency pairs for April 10

Forecast for April 10:

Analytical review of H1-scale currency pairs:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1327, 1.1307, 1.1282, 1.1269, 1.1248, 1.1236 and 1.1218. Here, we continue to monitor the formation of the ascending structure of April 2. Short-term upward movement is expected in the range of 1.1269 - 1.1282. The breakdown of the latter value will allow us to expect a movement to the level 1.1307. For the potential value for the top, we consider the level of 1.1327. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 1.1248 - 1.1236. Breaking the last value will lead to a prolonged correction. Here, the goal is 1.1218. This level is a key support for the top.

The main trend is the ascending structure of April 2.

Trading recommendations:

Buy 1.1270 Take profit: 1.1280

Buy 1.1284 Take profit: 1.1305

Sell: 1.1248 Take profit: 1.1237

Sell: 1.1234 Take profit: 1.1220

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For the pound / dollar pair, the key levels on the H1 scale are: 1.3123, 1.3088, 1.3059, 1.2984, 1.2959, 1.2924 and 1.2876. Here, we continue to follow the formation of the downward structure of April 4. Short-term downward movement is expected in the range of 1.2984 - 1.2959. The breakdown of the latter value will lead to the movement to the level of 1.2924, wherein we expect a consolidation near this value. For the potential value for the bottom, we consider the level of 1.2876. From which, we expect the departure of a correction.

Short-term upward movement is possible in the range of 1.3059 - 1.3088. Breaking the last value will lead to a prolonged correction. Here, the goal is 1.3123. This level is a key support for the downward structure.

The main trend is the formation of a downward structure of April 4.

Trading recommendations:

Buy: 1.3060 Take profit: 1.3085

Buy: 1.3090 Take profit: 1.3120

Sell: 1.2984 Take profit: 1.2960

Sell: 1.2957 Take profit: 1.2926

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For the dollar / franc pair, the key levels on the H1 scale are: 1.0065, 1.0040, 1.0023, 1.0002, 0.9975, 0.9961 and 0.9938. Here, the price is in the correction zone from the ascending structure on March 27. Continuation of the movement to the top is expected after the breakdown of the level of 1.0002. In this case, the first target is 1.0023. Meanwhile, in the range of 1.0023 - 1.0040, there is a short-term upward movement, as well as consolidation. For the potential value for the top, we consider the level of 1.0065. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Consolidated movement is possible in the range of 0.9975 - 0.9961.The breakdown of the last value will lead to a prolonged correction. Here, the target is 0.9938. This level is a key support for the top.

The main trend - the ascending structure of March 27.

Trading recommendations:

Buy: 1.0002 Take profit: 1.0020

Buy: 1.0025 Take profit: 1.0038

Sell: 0.9975 Take profit: 0.9964

Sell: 0.9958 Take profit: 0.9942

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For the dollar / yen pair, the key levels on the scale are: 111.54, 111.40, 111.29, 110.95, 110.87, 110.72, 110.53 and 110.42. Here, we are following the development of the downward structure from April 5th. Continuation of the movement to the bottom is expected after the price passes the noise range of 110.95 - 110.87. In this case, the goal is 110.72, wherein price consolidation is near this level. For the potential value for the bottom, we consider the level of 110.42. After reaching which, we expect a consolidated movement in the range of 110.42 - 110.53, as well as a rollback to the correction.

Short-term upward movement is possible in the range of 111.29 - 111.40. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 111.54. This level is a key support for the downward structure.

The main trend: the downward structure of April 5.

Trading recommendations:

Buy: 111.29 Take profit: 111.40

Buy: 111.41 Take profit: 111.53

Sell: 110.87 Take profit: 110.74

Sell: 110.70 Take profit: 110.55

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For the Canadian dollar / US dollar pair , the key levels on the H1 scale are: 1.3361, 1.3340, 1.3324, 1.3296, 1.3268, 1.3246 and 1.3233. Here, we are following the formation of the downward structure of April 5. At the moment, the price is in the zone of initial conditions. Continuation of the movement to the bottom is expected after the breakdown of the level of 1.3296. In this case, the goal is 1.3268, wherein consolidation is near this level. For the potential value for the bottom, we consider the level of 1.3233. After reaching which, we expect a consolidation in the range of 1.3246 - 1.3233, as well as a departure to the correction.

Consolidated movement is possible in the range of 1.3324 - 1.3340. The breakdown of the latter value will lead to the development of a prolonged correction. Here, the target is 1.3360. This level is a key support for the downward structure.

The main trend - the formation of the downward potential of April 5.

Trading recommendations:

Buy: 1.3342 Take profit: 1.3360

Buy: 1.3363 Take profit: 1.3394

Sell: 1.3294 Take profit: 1.3268

Sell: 1.3266 Take profit: 1.3246

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For the Australian dollar / US dollar pair , the key levels on the H1 scale are: 0.7202, 0.7183, 0.7153, 0.7131, 0.7106, 0.7092, 0.7074 and 0.7048. Here, we continue to monitor the formation of the ascending structure of April 2. Continuation of the movement to the top is expected after the breakdown of the level of 0.7131. In this case, the target is 0.7153, wherein consolidation is near this level. The breakdown of the level of 0.7155 will lead to the development of a pronounced movement. Here, the target is 0.7183. For the potential value for the top, we consider the level of 0.7202. After reaching which, we expect a consolidation, as well as a rollback to the bottom.

Consolidated movement is possible in the range of 0.7106 - 0.7092. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 0.7074. This level is a key support for the top.

The main trend is the formation of initial conditions for the top of April 2.

Trading recommendations:

Buy: 0.7131 Take profit: 0.7150

Buy: 0.7155 Take profit: 0.7180

Sell: 0.7090 Take profit: 0.7077

Sell: 0.7070 Take profit: 0.7050

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For the euro / yen pair, the key levels on the H1 scale are: 126.75, 126.27, 125.93, 125.43, 125.01, 124.78 and 124.44. Here, we are following the development of the March 28 upward cycle. Continuation of the movement to the top is expected after the breakdown of the level of 125.45. In this case, the target is 125.93. Meanwhile, in the range of 125.93 - 126.27, there is a short-term upward movement, as well as consolidation. For the potential value for the top, we consider the level of 126.75. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 125.01 - 124.78. The breakdown of the latter value will lead to a prolonged correction. In this case, the target is 124.44. This level is a key support for the top.

The main trend is the upward cycle of March 28, the stage of correction.

Trading recommendations:

Buy: 125.45 Take profit: 125.90

Buy: 125.95 Take profit: 126.20

Sell: 125.00 Take profit: 124.80

Sell: 124.75 Take profit: 124.50

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For the pound / yen pair, the key levels on the H1 scale are: 146.18, 145.62, 145.26, 144.66, 144.44, 144.05, 143.49 and 143.15. Here, we are following the development of the downward cycle of April 3. Continuation of the movement to the bottom is expected after the price passes the noise range 144.66 - 144.44. In this case, the goal is 144.05, wherein consolidation near this level. The breakdown of the level of 144.05 should be accompanied by a pronounced downward movement to the level of 143.49. For the potential value for the bottom, we consider the level of 143.15. After reaching which, we expect consolidation, as well as rollback to the top.

Short-term upward movement is possible in the range of 145.26 - 145.62. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 146.18. This level is a key support for the top.

The main trend is the downward cycle of April 3rd.

Trading recommendations:

Buy: 145.26 Take profit: 145.60

Buy: 145.70 Take profit: 146.15

Sell: 144.44 Take profit: 144.10

Sell: 144.00 Take profit: 143.55

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