Forex analysis review

Fractal analysis of major currency pairs on July 1

Posted: 30 Jun 2019 06:14 PM PDT

Forecast for July 1:

Analytical review of H1-scale currency pairs:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the upward structure of June 18. At the moment, the price is in the correction zone. The continuation of the movement to the top is expected after the price passage of the noise range 1.1388 - 1.1404. In this case, the goal is 1.1428, wherein consolidation is near this level. For the potential value for the top, we consider the level of 1.1452. After reaching which, we expect a departure to the correction.

Short-term downward movement is possible in the range of 1.1353 - 1.1334. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1305. This level is a key support for the top.

The main trend is the upward structure of June 18, the stage of correction.

Trading recommendations:

Buy 1.1405 Take profit: 1.1428

Buy 1.1430 Take profit: 1.1452

Sell: 1.1353 Take profit: 1.1335

Sell: 1.1332 Take profit: 1.1305

For the pound / dollar pair, the key levels on the H1 scale are: 1.2906, 1.2842, 1.2798, 1.2745, 1.2668, 1.2636 and 1.2608. Here, we are following the development of the ascending structure of June 18. At the moment, the price is in correction and forms the potential for the bottom of June 25. We expect a continuation of the upward movement after the breakdown of the level of 1.2745. In this case, the first target is 1.2798. Short-term upward movement is possible in the range 1.2798 - 1.2842. The breakdown of the latter value will lead to movement to the potential target - 1.2906. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is expected in the range of 1.2668 - 1.2636. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2608. This level is a key support for the top.

The main trend is the upward structure of June 18, the stage of correction.

Trading recommendations:

Buy: 1.2745 Take profit: 1.2798

Buy: 1.2800 Take profit: 1.2842

Sell: 1.2668 Take profit: 1.2636

Sell: 1.2634 Take profit: 1.2608

For the dollar / franc pair, the key levels on the H1 scale are: 0.9938, 0.9905, 0.9858, 0.9824, 0.9740, 0.9719, 0.9688 and 0.9651. Here, the price forms the potential for upward movement from June 25. Short-term upward movement is expected in the range of 0.9824 - 0.9858. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 0.9905. For the potential value for the top, we consider the level of 0.9938. After reaching which, we expect consolidation, as well as a possible pullback to the bottom.

The range of 0.9740 - 0.9719 is a key support for the upward structure of June 25. Its price passage will lead to the development of a downward trend. Here, the first target is 0.9688. For the potential value for the bottom, we consider the level of 0.9651.

The main trend is the downward cycle of June 19, the formation of potential for the upward movement of June 25.

Trading recommendations:

Buy : 0.9824 Take profit: 0.9856

Buy : 0.9860 Take profit: 0.9905

Sell: 0.9719 Take profit: 0.9688

Sell: 0.9686 Take profit: 0.9653

For the dollar / yen pair, the key levels on the scale are : 110.09, 109.56, 109.21, 108.70, 108.04, 107.80 and 107.44. Here, we are following the development of the ascending structure of June 25. The continuation of the movement to the top is expected after the breakdown of the level of 108.70. In this case, the goal is 109.21. Short-term upward movement, as well as consolidation is in the range of 109.21 - 109.56. For the potential value for the top, we consider the level of 110.09. The movement to which is expected after the breakdown of the level of 109.56.

Short-term downward movement, is expected in the range of 108.04 - 107.80. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 107.44. 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 : 109.24 Take profit: 109.53

Sell: 108.04 Take profit: 107.82

Sell: 107.78 Take profit: 107.46

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3180, 1.3142, 1.3115, 1.3069, 1.3027, 1.3001 and 1.2961. Here, we continue to monitor the local downward structure of June 25. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.3069. In this case, the goal is 1.3027. Price consolidation is in the range of 1.3027 - 1.3001. For the potential value for the bottom, we consider the level of 1.2961. After reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 1.3115 - 1.3142. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3180. This level is the key resistance for the development of the upward structure. Its breakdown will allow to count on the movement to the potential target - 1.3235.

The main trend is a local downward structure from June 25.

Trading recommendations:

Buy: 1.3115 Take profit: 1.3140

Buy : 1.3143 Take profit: 1.3180

Sell: 1.3067 Take profit: 1.3027

Sell: 1.3001 Take profit: 1.2961

For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.7097, 0.7077, 0.7039, 0.7012, 0.6972, 0.6954 and 0.6927. Here, we are following the development of the ascending structure of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 0.7012. In this case, the goal is 0.7039, near this level is a price consolidation. For the breakdown of the level of 0.7040, we must be accompanied by a pronounced upward movement. Here, the goal is 0.7077. For the potential value for the top, we consider the level of 0.7097. Upon reaching this level, we expect a consolidated movement in the range of of 0.7077 - 0.7097, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.6972 - 0.6954. The breakdown of the last value will lead to a prolonged correction. Here, the target is 0.6927. This level is a key support for the top.

The main trend is the upward structure on June 18.

Trading recommendations:

Buy: 0.7012 Take profit: 0.7037

Buy: 0.7041 Take profit: 0.7077

Sell : 0.6972 Take profit : 0.6955

Sell: 0.6952 Take profit: 0.6930

For the euro / yen pair, the key levels on the H1 scale are: 124.28, 123.73, 123.49, 122.82, 122.63 and 122.28. Here, we are following the development of the ascending structure of June 21. The continuation of the movement to the top is expected after the breakdown of the level of 123.49. In this case, the target is 123.73. Price consolidation is near this level. The breakdown of the level of 123.73 should be accompanied by a pronounced upward movement to the potential target - 124.28.

Short-term downward movement is expected in the range of 122.82 - 122.63. The breakdown of the last value will lead to a prolonged correction. Here, the target is 122.28. This level is a key support for the upward structure.

The main trend is the ascending structure of June 21.

Trading recommendations:

Buy: 123.50 Take profit: 123.72

Buy: 123.75 Take profit: 124.28

Sell: 122.82 Take profit: 122.65

Sell: 122.60 Take profit: 122.30

For the pound / yen pair, the key levels on the H1 scale are : 139.10, 138.58, 138.21, 137.73, 137.13, 136.88 and 136.49. Here, the subsequent targets for the top we determined from the local ascending structure on June 25th. The continuation of the movement to the top is expected after the breakdown of the level of 137.73. In this case, the target is 138.21. Short-term upward movement, as well as consolidation is in the range of 138.21 - 138.58. For the potential value for the top, we consider the level of 139.10. The movement to which, is expected after the breakdown of the level of 138.58.

Short-term downward movement is possible in the range 137.13 - 136.88. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 136.49. This level is a key support for the top.

The main trend is the local ascending structure of June 25.

Trading recommendations:

Buy: 137.75 Take profit: 138.20

Buy: 138.25 Take profit: 138.55

Sell: 137.13 Take profit: 136.90

Sell: 136.85 Take profit: 136.50

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

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