Fractal analysis of major currency pairs for June 14

Forecast for June 14:

Analytical review of H1-scale currency pairs:

mt5_analytics5d030046b6442.png

For the euro / dollar pair, the key levels on the H1 scale are: 1.1435, 1.1416, 1.1384, 1.1363, 1.1333, 1.1286, 1.1259 and 1.1214. Here, the price is in the correction and forms the potential for downward movement of June 12. The continuation of the upward trend is possible after the breakdown of 1.1333. In this case, the first target is 1.1363. Short-term upward movement is expected in the range of 1.1363 - 1.1384. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.1416. We consider the level of 1.1435 to be a potential value for the top. Upon reaching this level, we expect a consolidation in the range of 1.1416 - 1.1435, as well as a rollback to the correction.

Short-term downward movement is possible in the range of 1.1286 - 1.1259. The breakdown of the latter value will have to form the initial conditions for the downward cycle. Here, the potential target is 1.1214.

The main trend is the local structure for the top of June 5, the stage of correction.

Trading recommendations:

Buy 1.1333 Take profit: 1.1363

Buy 1.1386 Take profit: 1.1416

Sell: 1.1284 Take profit: 1.1262

Sell: 1.1257 Take profit: 1.1220

mt5_analytics5d03007c75232.png

For the pound / dollar pair, the key levels on the H1 scale are: 1.2808, 1.2789, 1.2754, 1.2727, 1.2687, 1.2667 and 1.2633. Here, we follow the formation of the potential for the bottom of June 7. Continuation of the movement to the top is expected after the breakdown of 1.2727. In this case, the goal is 1.2754, and near this level is a price consolidation. The breakdown of the level of 1.2755 should be accompanied by a pronounced upward movement. Here, the goal is 1.2808. Price consolidation is in the range of 1.2789 - 1.2808. From here, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 1.2687 - 1.2667. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 1.2633. This level is a key support for the upward structure.

The main trend - the formation of the downward potential of June 7.

Trading recommendations:

Buy: 1.2728 Take profit: 1.2752

Buy: 1.2755 Take profit: 1.2787

Sell: Take profit:

Sell: 1.2664 Take profit: 1.2638

mt5_analytics5d0300ad00947.png

For the dollar / franc pair, the key levels on the H1 scale are: 1.0059, 1.0033, 0.9995, 0.9965, 0.9930, 0.9908, 0.9884 and 0.9858. Here, we are following the formation of the ascending structure of June 7. The continuation of the movement to the top is expected after the breakdown of 0.9965. In this case, the target is 0.9995, wherein consolidation is near this level. The breakdown of the level of 0.9997 will lead to the development of a pronounced upward movement. Here, the target is 1.0033. For the potential value for the top, we consider the level of 1.0059. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 0.9930 - 0.9908. Hence, a high probability of a reversal to the top. The breakdown of the level of 0.9908 will lead to the development of a protracted correction. Here, the target is 0.9884. This level is a key support for the top.

The main trend - the formation of the ascending structure of June 7.

Trading recommendations:

Buy : 0.9965 Take profit: 0.9995

Buy : 0.9997 Take profit: 1.0033

Sell: 0.9930 Take profit: 0.9910

Sell: 0.9906 Take profit: 0.9886

mt5_analytics5d0300dcb6377.png

For the dollar / yen pair, the key levels on the scale are : 109.58, 109.37, 109.01, 108.70, 108.08, 107.76 and 107.35. Here, the situation is in equilibrium. Short-term upward movement is possible in the range of 108.70 - 109.01. The breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 109.37. Meanwhile, there is a price consolidation in the range of 109.37 - 109.58.

The level of 108.08 is the key support for the ascending structure. Its price passage will lead to the development of a downward trend. Here, the first target is 107.76. For the potential value for the bottom, we consider the level of 107.35.

The main trend: the equilibrium state.

Trading recommendations:

Buy: 108.70 Take profit: 109.00

Buy : 109.03 Take profit: 109.37

Sell: 108.08 Take profit: 107.76

Sell: 107.74 Take profit: 107.37

mt5_analytics5d03010d2462f.png

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3451, 1.3424, 1.3370, 1.3350, 1.3304, 1.3277 and 1.3237. Here, we follow the formation of the ascending structure of June 7. The continuation of the development of an upward trend is expected after the price passes the noise range 1.3350 - 1.3370. In this case, the goal is 1.3424. For the potential value for the top, we consider the level of 1.3451. After reaching which, we expect to go into a correction.

Short-term downward movement is possible in the range of 1.3304 - 1.3277. The breakdown of the last value will lead to the development of a downward trend. Here, the first potential target is 1.3237.

The main trend - the formation of the ascending structure of June 7.

Trading recommendations:

Buy: 1.3370 Take profit: 1.3424

Buy : 1.3426 Take profit: 1.3450

Sell: 1.3304 Take profit: 1.3280

Sell: 1.3275 Take profit: 1.3240

mt5_analytics5d03013eb4d8e.png

For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.6974, 0.6964, 0.6944, 0.6933, 0.6912, 0.6897, 0.6875 and 0.6861. Here, we are following the development of the downward cycle of June 7th. Short-term downward movement is expected in the range of 0.6912 - 0.6897. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 0.6875. For the potential value for the bottom, we consider the level of 0.6861. After reaching which, we expect a consolidation, as well as rollback to the top.

Short-term upward movement is possible in the range of 0.6933 - 0.6944. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.6964. The range of 0.6964 - 0.6974 is a key support for the downward structure. Before it, we expect the initial conditions for the upward cycle to be formed.

The main trend is the downward cycle of June 7.

Trading recommendations:

Buy: 0.6933 Take profit: 0.6944

Buy: 0.6946 Take profit: 0.6964

Sell : 0.6912 Take profit : 0.6898

Sell: 0.6895 Take profit: 0.6875

mt5_analytics5d030182cd657.png

For the euro / yen pair, the key levels on the H1 scale are: 123.15, 122.82, 122.58, 122.38, 122.06, 121.78, 121.39 and 121.14. Here, the price forms the potential for the downward movement of June 11. Short-term movement to the bottom is expected in the range of 122.06 - 121.78. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 121.39. We consider the level of 121.14 as a potential value for the bottom. After reaching which, we expect a consolidation in the range of 121.39 - 121.14, as well as a rollback to the top.

Short-term upward movement is expected in the range of 122.38 - 122.58. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 122.80. This level is a key support for the downward structure.

The main trend - the formation of the potential for the downward movement of 11 June.

Trading recommendations:

Buy: 122.40 Take profit: 122.55

Buy: 122.60 Take profit: 122.82

Sell: 122.06 Take profit: 121.80

Sell: 121.76 Take profit: 121.42

mt5_analytics5d0301c396aca.png

For the pound / yen pair, the key levels on the H1 scale are : 139.44, 138.98, 138.67, 138.19, 137.82, 137.25, 136.97 and 136.52. Here, we are following the development of the ascending structure of June 4. At the moment, the price is close to canceling this structure, for which a passage of 137.25 - 136.97 is necessary. In this case, the first potential target for the bottom is the level of 136.52. The continuation of the movement to the top is expected after the breakdown of the level of 137.82. Here, the first target is 138.20. Its breakdown should be accompanied by a pronounced upward movement. In this case, the target is 138.67. Meanwhile, in the range of 138.67 - 138.98, there is a short-term upward movement, as well as consolidation. For the potential value for the top, we consider the level of 139.44. After reaching which, we expect a rollback to the bottom.

The main trend is the upward structure of June 4, the stage of correction.

Trading recommendations:

Buy: 137.82 Take profit: 138.16

Buy: 138.22 Take profit: 138.65

Sell: 137.25 Take profit: 137.00

Sell: 136.94 Take profit: 136.55

The material has been provided by InstaForex Company - www.instaforex.com