Forecast for April 29:
Analytical review of H1-scale currency pairs:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1200, 1.1175, 1.1153, 1.1113, 1.1100, 1.1069 and 1.1043. Here, we are following the local downward structure of April 22. Continuation of the movement to the bottom is expected after the price passes the noise range 1.1113 - 1.1100. In this case, the goal is 1.1069, after reaching this level, we expect a consolidation. For the potential value for the bottom, we consider the level of 1.1043. Near which, we expect a consolidation, as well as a departure to the correction.
Short-term upward movement is possible in the range 1.1153 - 1.1175. Breaking the last value will lead to a prolonged correction. Here, the target is 1.1200. This level is a key support for the downward structure.
The main trend is the local structure of April 22.
Trading recommendations:
Buy 1.1153 Take profit: 1.1173
Buy 1.1175 Take profit: 1.1200
Sell: 1.1100 Take profit: 1.1070
Sell: 1.1067 Take profit: 1.1044
For the pound / dollar pair, the key levels on the H1 scale are: 1.2966, 1.2940, 1.2924, 1.2891, 1.2870, 1.2831 and 1.2805. Here, we are following the local downward structure of April 23 and at the moment, the price is in deep correction. Short-term downward movement is expected in the range of 1.2891 - 1.2870. The breakdown of the last value should be accompanied by a pronounced movement. Here, the target is 1.2831. For the potential value for the bottom, we consider the level of 1.2805, after reaching which, we expect a rollback to the top.
Short-term upward movement is expected in the range of 1.2940 - 1.2966, up to the level 1.2966. We expect registration of the expressed initial conditions for the upward cycle. Its breakdown will lead to the development of an upward trend on the H1 scale. In this case, the first potential target is 1.3018.
The main trend is the local downward structure of April 23, the stage of correction.
Trading recommendations:
Buy: 1.2940 Take profit: 1.2965
Buy: 1.2968 Take profit: 1.3016
Sell: 1.2890 Take profit: 1.2871
Sell: 1.2869 Take profit: 1.2831
For the dollar / franc pair, the key levels on the H1 scale are: 1.0286, 1.0257, 1.0225, 1.0193, 1.0176 and 1.0146. Here, we continue to follow the development of the ascending structure from April 12. Continuation of the movement to the top is expected after the breakdown of the level of 1.0225. In this case, the goal is 1.0257, wherein consolidation is near this level, and hence, the probability of a turn to the bottom is high. For the potential value for the top, we consider the level of 1.0286. After reaching which, we expect to go into a correction.
Short-term downward movement is possible in the range of 1.0193 - 1.0176. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.0146. This level is a key support for the top.
The main trend is the ascending cycle of April 12.
Trading recommendations:
Buy : 1.0225 Take profit: 1.0255
Buy : 1.0258 Take profit: 1.0286
Sell: 1.0193 Take profit: 1.0176
Sell: 1.0174 Take profit: 1.0146
For the dollar / yen pair, the key levels on the scale are : 112.14, 111.89, 111.74, 111.44, 111.30, 110.97 and 110.57. Here, the price forms a pronounced potential for the downward movement of April 24. The development of the downward structure is expected after the price passes the noise range of 111.44 - 111.30. In this case, the target is 110.97, wherein consolidation is near this level. For the potential value for the downward cycle, we consider the level of 110.57, near which, we expect a consolidation, as well as a rollback to the top.
Short-term upward movement is possible in the range of 111.74 - 111.89. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 112.14. This level is a key support for the downward structure of April 24.
The main trend: the formation of the downward structure of April 24.
Trading recommendations:
Buy: 111.74 Take profit: 111.88
Buy: 111.90 Take profit: 112.14
Sell: 111.30 Take profit: 111.00
Sell: 110.95 Take profit: 110.58
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3585, 1.3558, 1.3516, 1.3496, 1.3469, 1.3442, 1.3407 and 1.3370. Here, we continue to follow the development of the upward cycle of April 17. At the moment, the price is in the correction. Continuation of the movement to the top is expected after the passage by the price of the noise range 1.3496 - 1.3516. In this case, the goal is 1.3558. We consider the level of 1.3585 to be a potential value for the top. Upon reaching this level, we expect a consolidation, as well as a rollback to the bottom.
Consolidated movement is expected in the range of 1.3469 - 1.3442. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3407. This level is a key support for the top, and the breakdown will have to form the initial conditions for the downward cycle. In this case, the target is 1.3370.
The main trend is the ascending structure of April 17, the stage of correction.
Trading recommendations:
Buy: 1.3516 Take profit: 1.3555
Buy : 1.3558 Take profit: 1.3585
Sell: 1.3440 Take profit: 1.3410
Sell: 1.3405 Take profit: 1.3370
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.7137, 0.7116, 0.7088, 0.7064, 0.7040, 0.7024, 0.7003 and 0.6986. Here, we are following the formation of the upward potential of April 25. The development of this structure is expected after the breakdown of 0.7064. In this case, the goal is 0.7088, wherein consolidation is near this level. The breakdown of the level of 0.7088 should be accompanied by a pronounced upward movement. Here, the target is 0.7116. For the potential value for the top, we consider the level of 0.7137. After reaching which, we expect a consolidation, as well as a rollback to the correction.
Short-term downward movement is possible in the range of 0.7040 - 0.7024. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 0.7003. This level is a key support for the upward structure. Its price will lead to the subsequent development of the downward cycle of April 17.
The main trend is the downward cycle of April 17, the stage of deep correction.
Trading recommendations:
Buy: 0.7064 Take profit: 0.7086
Buy: 0.7090 Take profit: 0.7116
Sell : 0.7040 Take profit : 0.7025
Sell: 0.7022 Take profit: 0.7005
For the euro / yen pair, the key levels on the H1 scale are: 125.25, 125.02, 124.71, 124.34, 124.05, 123.82 and 123.30. Here, we are following the development of the downward structure of April 17. At the moment, the price is in the correction. Continuation of the movement to the bottom is expected after the breakdown of 124.34. In this case, the first goal is 124.05. Short-term downward movement is possible in the range of 124.05 - 123.82. The breakdown of the latter value will allow to expect movement towards a potential target - 123.30. From this level, we expect a rollback to the top.
The level of 125.02 is a key support for the development of a downward trend. Its price passage will lead to the formation of pronounced initial conditions for the upward cycle. Here, the potential target is 125.25, wherein consolidation is near this level.
The main trend is the downward structure of April 17, the stage of correction.
Trading recommendations:
Buy: 124.74 Take profit: 125.02
Buy: 125.03 Take profit: 125.25
Sell: 124.34 Take profit: 124.05
Sell: 124.05 Take profit: 123.84
For the pound / yen pair, the key levels on the H1 scale are : 145.07, 144.87, 144.53, 144.08, 143.80, 143.49, 143.11 and 142.89. Here, the price is in deep correction from the downward structure on April 23. The registration of the expressed initial conditions for the top is expected to level 145.07. Continuation to the bottom is possible after breakdown 144.08. Here, the first target is 143.80. Short-term movement to the bottom is expected in the range 143.80 - 143.49. The breakdown of the last value will lead to a pronounced movement. Here, the target is 143.11. We consider the level of 142.89 to be a potential value for the bottom, after reaching which, we expect a consolidation in the range of 142.89 - 143.11, as well as a rollback to the top.
The main trend is the local structure of April 23, the stage of deep correction.
Trading recommendations:
Buy: Take profit:
Buy: 144.55 Take profit: 144.85
Sell: 144.80 Take profit: 143.88
Sell: 143.80 Take profit: 143.50
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