Fractal analysis of major currency pairs on July 9

Forecast for July 9:

Analytical review of H1-scale currency pairs:

analytics5d2405ae54cdc.png

For the euro / dollar pair, the key levels on the H1 scale are: 1.1299, 1.1286, 1.1257, 1.1238, 1.1208, 1.1191, 1.1155 and 1.1129. Here, we continue to monitor the downward structure of June 28. Short-term downward movement is expected in the corridor 1.1208 - 1.1191. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the goal is 1.1155. We consider the level 1.1129 to be a potential value for the bottom, and after reaching this level, we expect a rollback to the top.

Short-term upward movement is possible in the corridor 1.1238 - 1.1257. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1286. The range of 1.1286 - 1.1299 is a key support for the downward structure.

The main trend - a local downward structure of June 28.

Trading recommendations:

Buy 1.1238 Take profit: 1.1255

Buy 1.1258 Take profit: 1.1285

Sell: 1.1208 Take profit: 1.1192

Sell: 1.1189 Take profit: 1.1155

analytics5d2405d37b15a.png

For the pound / dollar pair, the key levels on the H1 scale are: 1.2628, 1.2611, 1.2568, 1.2539, 1.2493, 1.2466 and 1.2412. Here, we are following the development of the downward structure of June 25. Short-term downward movement is expected in the corridor 1.2493 - 1.2466. For the potential value at the bottom, we consider the level of 1.2412. The movement to which is expected after the breakdown of 1.2465.

Short-term upward movement is expected in the corridor 1.2539 - 1.2568. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2611. The range 1.2611 - 1.2628 is a key support for the downward structure and to which, we expect clearance of the expressed initial conditions for the upward cycle.

The main trend - the downward structure of June 25.

Trading recommendations:

Buy: 1.2540 Take profit: 1.2566

Buy: 1.2570 Take profit: 1.2610

Sell: 1.2493 Take profit: 1.2467

Sell: 1.2464 Take profit: 1.2419

analytics5d2405f12f054.png

For the dollar / franc pair, the key levels on the H1 scale are: 1.0070, 1.0008, 0.9980, 0.9938, 0.9905, 0.9881, 0.9841 and 0.9810. Here, we continue to follow the development of the ascending cycle of June 25. Continuation of the movement to the top is expected after the breakdown of 0.9938. In this case, the goal is 0.9980. Price consolidation is in the corridor 0.9980 - 1.0008. Hence, there is a high probability of going into a correction. For the potential value to the top, we consider the level of 1.0070.

Short-term downward movement is possible in the corridor 0.9905 - 0.9881. Breaking the last value will lead to a prolonged correction. Here, the goal is 0.9841. This level is a key support for the top. Its price will have the formation of the initial conditions for the downward cycle at level 0.9810.

The main trend is the ascending cycle of June 25.

Trading recommendations:

Buy : 0.9939 Take profit: 0.9980

Buy : 0.9982 Take profit: 1.0008

Sell: 0.9905 Take profit: 0.9883

Sell: 0.9878 Take profit: 0.9844

analytics5d24060ab814a.png

For the dollar / yen pair, the key levels on the scale are : 110.09, 109.56, 109.21, 108.70, 108.29, 108.06 and 107.61. Here, we continue to follow the development of the ascending structure of June 25. Continuation of the movement to the top is expected after the breakdown of 108.70. In this case, we expect a pronounced movement to the level of 109.21. Short-term upward movement, as well as consolidation, are in the corridor 109.21 - 109.56. For the potential value to the top, we consider the level of 110.09. The movement to which is expected at level 109.56 after the breakdown.

Short-term downward movement is possible in the corridor 108.29 - 108.06. The breakdown of the last value will lead to a prolonged correction. Here, the target is 107.61. This level is a key support for the top.

The main trend: the ascending structure of June 25.

Trading recommendations:

Buy: 108.70 Take profit: 109.20

Buy : 109.23 Take profit: 109.53

Sell: 108.29 Take profit: 108.06

Sell: 108.03 Take profit: 107.65

analytics5d240624a6693.png

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3272, 1.3238, 1.3212, 1.3174, 1.3142, 1.3051, 1.3027 and 1.3001. Here, the price forms the potential for an upward movement of July 4. Continuation of the movement to the top is expected after the breakdown of 1.3142. In this case, the goal is 1.3174. Consolidation is near this level. The breakdown of the level of 1.3175 will lead to a pronounced movement. Here, the target is 1.3212. Short-term upward movement, as well as consolidation, is in the corridor 1.3212 - 1.3238. For the potential value of the top, we consider the level of 1.3272. After reaching which, we expect a rollback to the bottom.

The level 1.3051 is a key support for the ascending structure. Its breakdown will lead to a movement to the level of 1.3027. For the potential value to the bottom, we consider the level of 1.3001.

The main trend is the formation of potential for the upward trend of July 4.

Trading recommendations:

Buy: 1.3142 Take profit: 1.3172

Buy : 1.3176 Take profit: 1.3212

Sell: 1.3050 Take profit: 1.3028

Sell: 1.3025 Take profit: 1.3001

analytics5d24063fce276.png

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.7048, 0.7010, 0.6990, 0.6950, 0.6922, 0.6886 and 0.6863. Here, the price forms the potential for the downward cycle of July 4. The continuation of the movement to the bottom is expected after the breakdown at level 0.6950. In this case, the goal is 0.6922, and near this level price consolidation. A breakdown at 0.6921 will lead to the development of a pronounced movement. Here, the target is 0.6886. The potential value for the downward trend is considered to be the level of 0.6863. After reaching which, we expect consolidation, as well as a rollback to the top.

Short-term upward movement is possible in the corridor 0.6990 - 0.7010. The breakdown of the latter value will have to form an upward structure. Here, the potential target is 0.7048.

The main trend - the formation of the potential for the downward movement of July 4.

Trading recommendations:

Buy: 0.6990 Take profit: 0.7008

Buy: 0.7013 Take profit: 0.7045

Sell : 0.6950 Take profit : 0.6925

Sell: 0.6920 Take profit: 0.6888

analytics5d24065b367b5.png

For the euro / yen pair, the key levels on the H1 scale are: 122.28, 121.89, 121.67, 121.41, 121.22, 120.92 and 120.48. Here, we continue to follow the downward cycle of July 1. At the moment, the price is in deep correction. Continuation of the movement to the bottom is expected after passing by the price of the noise range in 121.41 - 121.22. In this case the goal is 120.92. Consolidation is near this level. For the potential value to the bottom, we consider the level of 120.48, and after reaching which, we expect a rollback to the top.

Consolidation is possible in the corridor 121.89 - 122.28. The level 122.28 is a key support for the downward structure. Its price passage will have to form the initial conditions for the upward cycle.

The main trend is the downward cycle of July 1, the stage of deep correction.

Trading recommendations:

Buy: 121.94 Take profit: 122.28

Sell: 121.22 Take profit: 120.94

Sell: 120.90 Take profit: 120.50

analytics5d2406792de8b.png

For the pound / yen pair, the key levels on the H1 scale are : 136.31, 135.87, 135.65, 135.24, 134.99 and 134.50. Here, we continue to monitor the downward cycle from July 1. At the moment, the price is in the correction zone. Short-term downward movement is expected in the range of 135.24 - 134.99. The breakdown of the last value will allow to expect movement towards a potential target - 134.50, and after reaching this level, we expect a rollback to the top.

Short-term upward movement is possible in the range of 135.87 - 136.31. We expect the potential for the upward cycle to be formalized up to the level of 136.31.

The main trend is the downward cycle of July 1, the stage of correction.

Trading recommendations:

Buy: 135.90 Take profit: 136.30

Sell: 135.24 Take profit: 135.00

Sell: 134.95 Take profit: 134.50

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