Dear colleagues.
For the of EUR / USD pair, we follow the formation of a downward structure from September 8 and consider it as the main trend. For the GBP / USD pair, the price issued a local structure for the top of September 11. For the USD / CHF pair, we follow the formation of the upward structure of September 8. For the USD / JPY pair, the continuation of the upward movement is expected after the breakdown at 110.46. For the EUR / JPY pair, we follow the upward cycle from September 6 where we expect the continuation of the movement after the breakdown of 132.10. For the GBP / JPY pair, we expect a correction zone from the upward cycle.
Forecast for September 13:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2221, 1.2182, 1.2132, 1.2106, 1.2034, 1.1995, 1.1940, 1.1889 and 1.1832. Here, the downward structure of September 8 is considered as the main trend in the scale of H1. Continued downward movement is expected after the breakdown of 1.1940. In this case, the first target is 1.1890. Near this level is the consolidation of the price. The breakdown of 1.1889 will allow us to count on the movement towards a potential target of 1.1832, from which we expect a pullback upward.
Short-term upward movement is expected in the range of 1.1995 - 1.2034. The breakdown of the last value will lead to a pronounced movement to the level of 1.2106. Near this level, we expect consolidation in the area of 1.2106 - 1.2132. The potential value for the top is the level 1.2221, from which we expect a pullback downwards.
The main trend is the downward structure of September 8.
Trading recommendations:
Buy: 1.1995 Take profit: 1.2032
Buy: 1.2037 Take profit: 1.2106
Sell: 1.1940 Take profit: 1.1890
Sell: 1.1886 Take profit: 1.1834
For the GBP / USD pair, the key H1 scale levels are: 1.3420, 1.3387, 1.3333, 1.3259, 1.3225, 1.3156 and 1.3077. Here, the price has issued a local structure to continue moving upward. Breaking the level of 1.3333 will allow us to count on the movement towards 1.3387. The potential value for the upward trend is the level of 1.3420, after which we expect consolidation and a pullback downwards.
Short-term downward movement is possible in the area of 1.3259 - 1.3225. The breakdown of the last value will lead to a potential for downward movement. In this case, the first target is 1.3156. The potential value for the bottom is the level of 1.3077.
The main trend is a local structure for the top of September 11.
Trading recommendations:
Buy: 1.3333 Take profit: 1.3385
Buy: 1.3388 Take profit: 1.3420
Sell: 1.3259 Take profit: 1.3227
Sell: 1.3220 Take profit: 1.3156
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9725, 0.9687, 0.9629, 0.9608, 0.9564, 0.9539 and 0.9501. Here, we follow the upward structure of September 8. The continuation of the upward movement is expected after passing through the noise range of 0.9608 - 0.9629. In this case, the target is 0.9687. The potential value for the top is the level of 0.9725, from which we expect a pullback downwards.
Short-term downward movement is expected in the range of 0.9564 - 0.9539. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9501. This level is the key support for the top.
The main trend is the upward structure of September 8.
Trading recommendations:
Buy: 0.9630 Take profit: 0.9685
Buy: 0.9690 Take profit: 0.9724
Sell: 0.9564 Take profit: 0.9540
Sell: 0.9537 Take profit: 0.9505
For the USD / JPY pair, the key levels on the scale are: 111.92, 111.27, 110.46, 110.11, 109.41, 109.01 and 108.42. Here, we follow the upward structure of September 8. Continued upward movement is expected after passing through the noise range of 110.11 - 110.46. In this case, the target is 111.27. Near this level is the consolidation of the price. The potential value for the top is the level of 111.92, from which we expect a pullback downwards.
Short-term downward movement is possible in the range of 109.41 - 109.01. The breakdown of the last value will lead to in-depth correction. Here, the target is 108.42. This level is the key support for the upward structure of September 8.
The main trend: the upward structure of September 8.
Trading recommendations:
Buy: 110.48 Take profit: 111.25
Buy: 111.30 Take profit: 111.90
Sell: 109.40 Take profit: 109.05
Sell: 108.95 Take profit: 108.50
For the CAD / USD pair, the key levels on the H1 scale are: 1.2224, 1.2159, 1.2074, 1.2021, 1.1906 and 1.1842. Here, we continue to follow the development of the downward structure from August 31. At the moment, the price is in correction. Short-term downward movement is possible in the area of 1.2074 - 1.2021. Continued development of the downward cycle is expected after the breakdown of 1.2020. In this case, the target is 1.1906. The potential value for the top is the level of 1.1842, from which we expect the correction to start. In general, we most likely expect a pullback from the level of 1.2021, with the subsequent formation of initial conditions for the upward cycle.
Consolidated traffic is possible in the area of 1.2159 - 1.2224. The breakdown of the last value will lead to the formation of the initial conditions for the upward cycle. Here, the potential target is 1.2354.
The main trend is the downward cycle from August 31, the correction stage.
Trading recommendations:
Buy: 1.2160 Take profit: 1.2222
Buy: 1.2228 Take profit: 1.2350
Sell: 1.2074 Take profit: 1.2024
Sell: 1.2020 Take profit: 1.1910
For the AUD / USD pair, the key levels on the H1 scale are: 0.8160, 0.8129, 0.8092, 0.8045, 0.8007 and 0.7959. Here, we continue to follow the upward cycle of August 31. Continued upward movement is expected after the breakdown of 0.8092. In this case, the target is 0.8129. The potential value for the top is the level of 0.8160, upon reaching which we expect consolidation in the area of 0.8129 - 0.8160, as well as pullback.
Consolidated traffic is possible in the area of 0.8045 - 0.8007. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7960. This level is the key support for the top.
The main trend is the upward cycle from August 31, the correction stage.
Trading recommendations:
Buy: 0.8092 Take profit: 0.8129
Buy: Take profit:
Sell: Take profit:
Sell: 0.8004 Take profit: 0.7960
For the EUR / JPY pair, the key levels on the scale of H1 are: 132.93, 132.53, 132.08, 131.43, 131.16, 130.78 and 130.14. Here, we continue to follow the initial structure for the top of September 6. Continued upward movement is expected after the breakdown of 132.08. In this case, the target is 132.53. Potential value for the upward structure is the level of 132.93, upon reaching which we expect a rollback to correction.
Short-term downward movement is possible in the area of 131.43 - 131.16. The breakdown of the last value will lead to in-depth correction. Here, the target is 130.78. This level is the key support for the top. Its breakdown will lead to the development of a downward structure. In this case, the target is 130.14.
The main trend is the upward structure of September 6.
Trading recommendations:
Buy: 132.10 Take profit: 132.50
Buy: 132.55 Take profit: 132.90
Sell: 131.40 Take profit: 131.18
Sell: 131.14 Take profit: 130.80
For the GBP / JPY pair, the key levels on the scale of H1 are: 147.85, 146.80, 145.75, 145.75 and 144.30. Here, we follow the upward cycle of September 5. A at the moment, the price is near the limit values. In connection with this, we expect a move towards correction. A break of level 146.80 may be accompanied by an unstable upward movement. Here, the potential target is 147.85.
Movement in the correction is expected after the breakdown of 145.75. Here, the first target is 145.05. Near this level is the consolidation of the price. The potential value for the bottom is still the level of 144.30, to which the initial conditions for the downward cycle are possible.
The main trend is the upward cycle of September 5.
Trading recommendations:
Buy: Take profit:
Buy: 146.80 Take profit: 147.30
Sell: 145.75 Take profit: 145.15
Sell: 145.00 Take profit: 144.35
