Dear colleagues.
For the EUR / USD pair, we expect the continuation of the downward movement after the breakdown at 1.1858. For GBP / USD pair, continuation of the upward movement is possible after the breakdown of 1.3045. For the USD / CHF pair, the resumption of the upward movement is expected after the breakdown of 0.9624. For the USD / JPY pair, we are currently following a small downward cycle from August 31. For the EUR / JPY pair, we determined the subsequent targets on the scale of H1 from the downward structure on August 30. For the GBP / JPY pair, the resumption of the upward movement is possible after the breakdown of 142.23. The level of 141.20 is the key support level.
Forecast for September 6:
Analytical review of currency pairs on the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1984, 1.1940, 1.1917, 1.1858, 1.1826 and 1.1782. For this pair, we expect the development of a downward movement, given the situation on the scale of H4. The continuation of the movement downwards is expected after the breakdown of 1.1858. In this case, the target is 1.1826. At this level is the consolidation of the price. The potential value for the bottom is the level of 1.1782, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.1917-1.1940. The breakdown of the last value will lead to a deeper movement. Here, the target is 1.1984, up to this level we expect the structure of a local potential for the top.
The main trend is the downward structure from August 29, the correction stage.
Trading recommendations:
Buy: 1.1917 Take profit: 1.1938
Buy: 1.1942 Take profit: 1.1980
Sell: 1.1856 Take profit: 1.1828
Sell: 1.1824 Take profit: 1.1784
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3139, 1.3098, 1.3076, 1.3045, 1.3017, 1.3000 and 1.2977. Here, we continue to follow the upward cycle of August 31. Continued upward movement is expected after the breakdown of 1.3045. In this case, the target is 1.3076. In the area of 1.3076 - 1.3098 is consolidation of the price. Potential value for the upward structure is the level of 1.3139, upon reaching which we expect a pullback downwards.
Consolidated traffic is possible in the area of 1.3017 - 1.3000. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2977. This level is the key support for the top.
The main trend is the local upward structure of August 31.
Trading recommendations:
Buy: 1.3045 Take profit: 1.3076
Buy: 1.3100 Take profit: 1.3136
Sell: 1.3017 Take profit: 1.3003
Sell: 1.2998 Take profit: 1.2978
For the USD / CHF pair, the key levels in the scale of H1 are: 0.9746, 0.9695, 0.9658, 0.9624, 0.9559, 0.9508 and 0.9429. Here, the continuation of the development of the upward structure of August 29 is expected after the breakdown of 0.9624. In this case, the first target is 0.9658. The breakdown of this level, in turn, will allow us to count on the move to the level of 0.9695. Near this level, consolidation. The potential value for the top is the level of 0.9746, upon reaching which we expect a pullback downwards.
In the range of 0.9559 - 0.9508, we expect short-term downward movement, as well as consolidation. From this area, the probability of a reversal in the upward direction is high. The breakdown at the level of 0.9505 will lead to the development of a downward structure. In this case, the target is 0.9429.
The main trend is the upward cycle from August 29, the correction stage.
Trading recommendations:
Buy: 0.9624 Take profit: 0.9656
Buy: 0.9658 Take profit: 0.9693
Sell: 0.9555 Take profit: 0.9510
Sell: 0.9505 Take profit: 0.9435
For the USD / JPY pair, the key levels on the scale are: 109.87, 109.39, 108.99, 108.36, 107.87 and 107.09. Here, we follow the downward structure of August 31. The continuation of the movement downwards is expected after the breakdown of 108.36. Here, the target is 107.87. Near this level is the consolidation. Hence, the probability of a reversal upward is high. The potential value for the bottom is the level of 107.09. The movement towards this level is expected after the breakdown of 107.84.
Short-term upward movement is possible in the range of 108.99 - 109.39. The breakdown of the last value will lead to in-depth correction. Here, the target is 109.87, upon reaching which we expect the initial conditions for the upward cycle to be formalized.
The main trend is the downward structure of August 31.
Trading recommendations:
Buy: 109.00 Take profit: 109.35
Buy: 109.42 Take profit: 109.85
Sell: 108.34 Take profit: 107.90
Sell: 107.84 Take profit: 107.12
For the CAD / USD pair, the key levels on the H1 scale are: 1.2559, 1.2497, 1.2441, 1.2364, 1.2286, 1.2228 and 1.2152. Here, we continue to monitor the formation of the downward structure of August 31. Continued downward movement is expected after the breakdown of 1.2364. In this case, the target is 1.2286. In the area of 1.2286 - 1.2228 is the consolidation of the price. The potential value for the bottom is the level of 1.2152, upon reaching which we expect the departure to correction.
Short-term upward movement is possible in the area of 1.2441 - 1.2497. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2555. This level is the key support for the top. Its breakdown will lead to an upward structure and here the target is 1.2666.
The main trend is the formation of the downward structure of August 31.
Trading recommendations:
Buy: 1.2441 Take profit: 1.2495
Buy: 1.2498 Take profit: 1.2555
Sell: 1.2362 Take profit: 1.2288
Sell: 1.2226 Take profit: 1.2155
For the AUD / USD pair, the key levels on the scale of H1 are: 0.8077, 0.8045, 0.8021, 0.7972, 0.7949, 0.7933, 0.7912 and 0.7871. Here, we follow the development of the upward structure of August 31. Short-term upward movement is expected in the area of 0.8021 - 0.8045. We consider the 0.8077 level as the potential value for the upward structure, after which we expect a pullback downwards.
Correction is possible after the breakdown of 0.7970. Here, the first target is 0.7949. Short-term downward movement is expected in the range of 0.7949-0.7933. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.7912. This level is the key support for the upward structure of August 31. Its breakdown will have a downward movement. In this case, the target is 0.7871 .
The main trend is the upward cycle of August 31.
Trading recommendations:
Buy: 0.8021 Take profit: 0.8044
Buy: 0.8046 Take profit: 0.8075
Sell: 0.7970 Take profit: 0.7950
Sell: 0.7931 Take profit: 0.7912
For the of EUR / JPY pair, the key levels on the scale of H1 are: 130.32, 129.94, 129.68, 129.29, 129.08, 128.63 and 128.28. Here, we determined the subsequent goals from the downward structure on August 30. Continued downward movement is expected after passing the price of the noise range of 129.29 - 129.08. In this case, the target is 128.63. The potential value for the bottom is the level of 128.28, upon reaching which we expect a rollback to correction.
Short-term upward movement is possible in the area of 129.68 - 129.94. The breakdown of the last value will lead to in-depth correction. Here, the target is 130.32.
The main trend is the downward structure of August 30.
Trading recommendations:
Buy: 129.68 Take profit: 129.92
Buy: 129.96 Take profit: 130.30
Sell: 129.06 Take profit: 128.65
Sell: 128.60 Take profit: 128.30
For the GBP / JPY pair, the key levels on the scale of H1 are: 144.30, 143.53, 142.98, 142.23, 141.22, 140.45, 140.09 and 139.31. Here, the continuation of the upward movement is expected after the breakdown at 142.25. In this case, the target is 143.00. The breakdown of this level will initiate the development of the upward trend at the scale of H1. Here, the target is 143.53. Near this level is the consolidation of the price. We consider the level of 144.30 to be a potential value for the upward structure, from which we expect a pullback downwards.
At the moment, the price is close to the key support for the upward structure of 141.22. The breakdown of this level will have a downward sequence. In this case, the target is 140.45. The range of 140.45 - 140.10 is noise. Before it happens, we expect the initial conditions to be formalized.
The main trend is the formation of the upward structure from August 24, the stage of deep correction.
Trading recommendations:
Buy: 142.25 Take profit: 142.94
Buy: 143.00 Take profit: 143.50
Sell: 141.15 Take profit: 140.45
Sell: 140.05 Take profit: 139.35
