Dear colleagues.
For the EUR / USD pair, the price is in correction from the upward structure. The level of 1.1956 is the key support. For the GBP / USD pair, the price forms the potential for a downward movement from January 3 in correction of the upward structure. For the USD / CHF pair, the price forms the potential for the top of January 2 in correction of the downward structure. For the of USD / JPY pair, the price is in the area of initial conditions for the downward movement of December 21. For the EUR / JPY pair, the continuation of the development of the upward trend is expected after the breakdown of 135.75. For the GBP / JPY pair, the level of 151.86 is the key support for the upward structure of December 26.
Forecast for January 4:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2137, 1.2116, 1.2077, 1.2025, 1.1996 and 1.1957. Here, we continue to follow the upward cycle of December 12. At the moment, the price is in correction. Continued upward movement is expected after the breakdown of 1.2077. In this case, the target is 1.2116. The potential value for the top is the level of 1.2137, upon reaching which, we expect a correction.
Consolidated traffic is possible in the area of 1.2025 - 1.1996. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1957. Up to this level, the potential formation for the downward cycle is possible.
The main trend is the upward structure of December 12, the correction stage.
Trading recommendations:
Buy: 1.2078 Take profit: 1.2115
Buy Take profit:
Sell: Take profit:
Sell: 1.1994 Take profit: 1.1960
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3707, 1.3664, 1.3643, 1.3611, 1.3565, 1.3537, 1.3494, 1.3464, 1.3403 and 1.3372. Here, the price is in deep correction and forms the potential for the bottom of January 3. Short-term upward movement is possible in the range of 1.3537 - 1.3565. The breakdown of the last value will lead to the movement towards the level of 1.3611. Continued development of the upward cycle from December 15 is expected after the breakdown of 1.3611. In this case, the target is 1.3643. In the area of 1.3643 - 1.3664 is the consolidation of the price. For the potential value of the top, consider the level of 1.3707. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in the area of 1.3494 - 1.3464. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 1.3403. For the potential value of the bottom, consider the level of 1.3372. Upon reaching this level, we expect a departure to correction.
The main trend is the upward structure from December 15, the stage of deep correction.
Trading recommendations:
Buy: 1.3538 Take profit: 1.3562
Buy: 1.3570 Take profit: 1.3610
Sell: 1.3492 Take profit: 1.3466
Sell: 1.3462 Take profit: 1.3416
For the of USD / CHF pair, the key levels in the scale of H1 are: 0.9898, 0.9873, 0.9836, 0.9804, 0.9755, 0.9733, 0.9697 and 0.9645. Here, the price forms the potential for the top of January 2 in correction of the downward cycle. Continued upward movement is expected after the breakdown of 0.9804. In this case, the target is 0.9836. Near this level is the consolidation of the price. The breakdown at the level of 0.9836 should be accompanied by a pronounced movement towards the level of 0.9873. For the potential value of the top, consider the level of 0.9898. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in the range of 0.9755 - 0.9733. The breakdown of the last value will lead to the development of a downward structure. Here, the first target is 0.9697. For a potential value for the bottom, consider the level of 0.9645.
The main trend is the downward structure from December 8, the correction stage.
Trading recommendations:
Buy: 0.9805 Take profit: 0.9832
Buy: 0.9838 Take profit: 0.9870
Sell: 0.9755 Take profit: 0.9735
Sell: 0.9730 Take profit: 0.9700
For the USD / JPY pair, the key levels on the scale are: 113.62, 113.00, 112.63, 111.90, 111.64, 111.29 and 111.08. Here, we continue to follow the downward structure from December 21. At the moment, the price is in the zone of initial conditions. Short-term downward movement is possible in the range of 111.90 - 111.64. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 111.29. Upon reaching this level, we expect consolidated movement in the area of 111.29 - 111.08.
Short-term upward movement is possible in the area of 112.63 - 113.00. Hence, the probability of reversal to the bottom is high. The breakdown of 113.00 level will lead to an upward trend. In this case, the target is 113.62.
The main trend is the downward structure of December 21.
Trading recommendations:
Buy: 112.70 Take profit: 112.95
Buy: 113.05 Take profit: 113.60
Sell: 111.90 Take profit: 111.70
Sell: 111.62 Take profit: 111.35
For the CAD / USD pair, the key levels on the H1 scale are: 1.2649, 1.2616, 1.2568, 1.2532, 1.2471, 1.2391, 1.2342, 1.2277 and 1.2222. Here, the continuation of the development of the downward structure from December 19 is expected after the breakdown of the level of 1.2470. In this case, the target is 1.2391. In the area of 1.2391 - 1.2342, we expect a short-term downward movement and the consolidation of the price. A break of the level of 1.2340 should be accompanied by a pronounced downward movement towards the level of 1.2277. For the potential value for the bottom, consider the level of 1.2222.
Short-term upward movement is possible in the area of 1.2532 - 1.2568. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2616. In the range of 1.2616 - 1.2649 is the key support for the downward structure.
The main trend is the downward structure of December 19.
Trading recommendations:
Buy: 1.2532 Take profit: 1.2566
Buy: 1.2570 Take profit: 1.2614
Sell: 1.2468 Take profit: 1.2395
Sell: 1.2390 Take profit: 1.2344
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7846, 0.7792. 0.7759, 0.7737 and 0.7699. Here, the price is near the limit for the top, namely the level of 0.7846 as correction. We expect a movement towards this. The development of a downward movement is possible after the breakdown of 0.7792. In this case, the first target is 0.7759. In the area of 0.7759 - 0.7737 is short-term movement towards the bottom and the consolidation of the price. For the potential value for the downward structure, we consider the level of 0.7699. Up until this level, we expect the formation of pronounced initial conditions for the development of the trend.
The main trend is the upward cycle from December 8, we expect a correction.
Trading recommendations:
Buy: Take profit:
Buy: Take profit:
Sell: 0.7790 Take profit: 0.7765
Sell: 0.7735 Take profit: 0.7705
For the EUR / JPY pair, the key levels on the scale of H1 are: 137.39, 136.95, 136.30, 135.74, 134.93, 134.55 and 133.89. Here, we follow the local upward structure of December 25. Short-term upward movement is possible in the area of 135.74 - 136.30. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 136.95. The potential value for the top is the level of 137.39, upon reaching which we expect a correction.
Short-term downward movement is possible in the area of 134.93 - 134.55. The breakdown of the last value will lead to in-depth correction. Here, the target is 133.89. This level is the key support for the top.
The main trend is a local upward cycle from December 25.
Trading recommendations:
Buy: 135.75 Take profit: 136.25
Buy: 136.35 Take profit: 136.95
Sell: 134.90 Take profit: 134.57
Sell: 134.50 Take profit: 133.90
For the GBP / JPY pair, the key levels on the H1 scale are: 153.58, 153.38, 153.05, 152.78, 152.41, 152.20 and 151.86. Here, we follow the local upward structure of December 26. The current price is in correction. Short-term traffic to the top is expected in the area of 152.78 - 153.05. The breakdown of the last value will lead to a pronounced movement. Here, the target is 153.38. For the potential value of the top, consider the level of 153.58. After reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in the area of 152.20 - 151.86. The breakdown of the last value will lead to the development of the downward structure. In this case, the potential target is 151.12. Up to this level, we expect the formation of initial conditions for the downward cycle.
The main trend is a local upward structure from December 25, the correction stage.
Trading recommendations:
Buy: 152.80 Take profit: 153.05
Buy: 153.10 Take profit: 153.35
Sell: 152.18 Take profit: 151.90
Sell: 151.80 Take profit: 151.20
