Forecast for August 15:
Analytical review of currency pairs in scale H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1228, 1.1191, 1.1170, 1.1154, 1.1124, 1.1093, 1.1056 and 1.1030. Here, the price forms the potential for the downward movement of August 13. The continuation of the development of the downward structure is expected after the breakdown of the level of 1.1124. In this case, the target is 1.1093. Consolidation is near this level. The breakdown of the level of 1.1090 should be accompanied by a pronounced downward movement to the level of 1.1056. For the potential value for the bottom, we consider the level of 1.1030. Upon reaching which, we expect consolidation, as well as a rollback to the top.
Short-term upward movement is possibly in the range of 1.1154 - 1.1170. The breakdown of the last value will lead to a long correction. Here, the target is 1.1190. This level is a key support for the downward structure. Its breakdown will lead to the formation of an upward structure. Here, the potential target is 1.1228.
The main trend is the formation of the downward potential of August 13.
Trading recommendations:
Buy 1.1154 Take profit: 1.1170
Buy 1.1172 Take profit: 1.1190
Sell: 1.1122 Take profit: 1.1095
Sell: 1.1091 Take profit: 1.1058
For the pound / dollar pair, the key levels on the H1 scale are: 1.2142, 1.2099, 1.2069, 1.2014, 1.1952, 1.1908 and 1.1850. Here, we follow the downward cycle of July 31. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.2014. In this case, the target is 1.1952. Short-term downward movement, as well as consolidation are in the range of 1.1952 - 1.1908. For the potential value for the bottom, we consider the level of 1.1850. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possibly in the range of 1.2069 - 1.2099. The breakdown of the last value will lead to a long correction. Here, the target is 1.2142. This level is a key support for the downward structure.
The main trend is the downward cycle of July 31.
Trading recommendations:
Buy: 1.2069 Take profit: 1.2097
Buy: 1.2100 Take profit: 1.2140
Sell: 1.2012 Take profit: 1.1954
Sell: 1.1950 Take profit: 1.1910
For the dollar / franc pair, the key levels on the H1 scale are: 0.9854, 0.9816, 0.9797, 0.9768, 0.9706, 0.9682, 0.9641, 0.9604 and 0.9536. Here, we follow the medium-term downward structure from August 1. At the moment, the price is in the correction zone and forms the potential for the top from August 13. The continuation of movement to the bottom is expected after the price passes the noise range of 0.9706 - 0.9682. In this case, the target is 0.9641. Short-term downward movement, as well as consolidation are in the range of 0.9641 - 0.9604. The breakdown of the level of 0.9604 should be accompanied by a pronounced downward movement. Here, the potential target is 0.9536.
Departure for correction is expected after the breakdown of the level of 0.9768. Here, the first goal is 0.9797. Short-term upward movement is possibly in the range of 0.9797 - 0.9816. The breakdown of the latter value will lead to the formation of initial conditions for the upward cycle. Here, the target is 0.9854.
The main trend is the descending structure of August 1, the correction stage.
Trading recommendations:
Buy : 0.9768 Take profit: 0.9797
Buy : 0.9818 Take profit: 0.9852
Sell: 0.9680 Take profit: 0.9641
Sell: 0.9638 Take profit: 0.9605
For the dollar / yen pair, the key levels on the scale are : 108.62, 108.14, 107.45, 106.91, 106.35, 105.94, 105.64 and 105.01. Here, the price is close to the cancellation of the ascending structure of August 12, which requires the breakdown of the level of 105.64. In this case, the first potential target is 105.01. The continuation of the movement to the top is expected after the breakdown of the level of 106.91. In this case, the target is 107.45. Consolidation is near this level. The breakdown of the level of 107.45 should be accompanied by a pronounced upward movement. Here, the goal is 108.14. For the potential value for the top, we consider the level of 108.62. Upon reaching which, we expect a pullback to the bottom.
The main trend: the formation of potential for the top of August 12, the stage of deep correction.
Trading recommendations:
Buy: 106.91 Take profit: 107.43
Buy : 107.47 Take profit: 108.14
Sell: Take profit:
Sell: 105.62 Take profit: 105.04
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3445, 1.3422, 1.3385, 1.3361, 1.3329, 1.3288, 1.3265, 1.3240 and 1.3194. Here, we are following the development of the local ascendant structure of August 9. The continuation of the movement to the top is expected after the breakdown of the level of 1.3330. In this case, the target is 1.3361. Consolidation is in the range of 1.3361 - 1.3385. The breakdown of the level of 1.3385 will allow us to count on movement towards a potential target - 1.3422. Upon reaching this level, we expect consolidation in the range of 1.3422 - 1.3444, as well as a pullback to the bottom.
A short-term downward movement is possibly in the range of 1.3288 - 1.3265. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3240. This level is a key support for the top.
The main trend is the local ascending structure of August 9.
Trading recommendations:
Buy: 1.3330 Take profit: 1.3360
Buy : 1.3387 Take profit: 1.3422
Sell: 1.3288 Take profit: 1.3266
Sell: 1.3264 Take profit: 1.3240
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6967, 0.6922, 0.6902, 0.6869, 0.6843, 0.6803, 0.6762, 0.6733 and 0.6675. Here, we follow the development of the ascending structure of August 7. The continuation of the upward movement is expected after the breakdown of the level of 0.6803. In this case, the first target is 0.6843. Short-term upward movement, as well as consolidation is in the range of 0.6843 - 0.6869. The breakdown of the level of 0.6870 should be accompanied by a pronounced upward movement. Here, the target is 0.6902. Consolidation is in the range of 0.6902 - 0.6922. For the potential value for the top, we consider the level of 0.6967. Upon reaching which, we expect a pullback to the bottom.
We expect a consolidated movement in the range of 0.6762 - 0.6733. The breakdown of the level of 0.6733 will lead to the development of a downward structure. In this case, the potential target is 0.6675.
The main trend is the ascending structure of August 7, the correction stage.
Trading recommendations:
Buy: 0.6805 Take profit: 0.6840
Buy: 0.6844 Take profit: 0.6867
Sell : Take profit :
Sell: 0.6730 Take profit: 0.6680
For the euro / yen pair, the key levels on the H1 scale are: 119.40, 118.65, 118.22, 117.58, 117.16 and 116.54. Here, the price has canceled the formation of the ascending structure and at the moment, we are following the development of the local potential for the bottom of August 13. Short-term downward movement is expected in the range of 117.58 - 117.16. A breakdown of the latter value will allow us to expect movement to a potential target - 116.54. Consolidation is near this level.
Short-term upward movement is expected in the range of 118.22 - 118.65. The breakdown of the last value will have the formation of an ascending structure for the top. Here, the first goal is 119.40.
The main trend is the formation of a local descending structure of August 13.
Trading recommendations:
Buy: 118.22 Take profit: 118.62
Buy: 118.70 Take profit: 119.40
Sell: 117.56 Take profit: 117.18
Sell: 117.14 Take profit: 116.55
For the pound / yen pair, the key levels on the H1 scale are : 131.23, 130.57, 129.66, 127.94, 127.33, 126.48 and 125.57. Here, the price forms a pronounced potential for the development of the upward cycle of August 12. At the moment, the price is close to the cancellation of this structure. Short-term upward movement is expected in the range of 129.00 - 129.66. The breakdown of the latter value will lead to a pronounced upward movement. Here, the target is 130.57. For the potential value for the top, we consider the level of 131.23. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is possibly in the range of 127.94 - 127.33. The breakdown of the latter value will favor the development of a downward structure. Here, the first goal is 126.48. As for the potential value, we consider the level of 125.57.
The main trend is building potential for the top of August 12th.
Trading recommendations:
Buy: 129.00 Take profit: 129.64
Buy: 129.67 Take profit: 130.55
Sell: 127.30 Take profit: 126.50
Sell: 126.44 Take profit: 125.60
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