Dear colleagues.
For the EUR / USD pair, the continuation of the development of the downward structure from January 4 is expected after the breakdown of 1.1903. For the GBP / USD pair, we follow the formation of the downward structure from January 3. For the USD / CHF pair, the continuation of the development of the upward cycle from January 2 is expected after the breakdown of 0.9838. For the USD / JPY pair, we follow the formation of the downward structure from January 8. For the EUR / JPY pair, the continuation of the development of the downward cycle from January 5 is expected after the breakdown of 133.90. For the GBP / JPY pair, we follow the formation of the downward structure from January 8. The development of this level is expected after the breakdown at 151.25.
Forecast for January 10:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2036, 1.2007, 1.2975, 1.1957, 1.1923, 1.1903, 1.1874, 1.1852 and 1.1819. Here, the continuation of the development of the downward cycle from January 4 is expected after passing the price of the noise range of 1.1923 - 1.1903. In this case, the target is 1.1874. In the area of 1.1874 - 1.1852 is the consolidation of the price. The potential value for the downward movement is the level of 1.1819. Upon reaching this level, we expect a pullback upward.
Short-term upward movement is possible in the area of 1.1957-1.1975. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2000. This level is the key support for the downward structure. Passing the price will lead to the formation of an upward structure. Here, the target is 1.2036.
The main trend is the downward structure of January 4.
Trading recommendations:
Buy: 1.1977 Take profit: 1.2000
Buy 1.2010 Take profit: 1.2034
Sell: 1.1902 Take profit: 1.1876
Sell: 1.1850 Take profit: 1.1822
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, we follow the formation of a downward structure from January 3. 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. The potential value for the top is the level of 1.3707. Upon reaching this level, we expect a pullback downwards.
The development of the downward structure is expected after the breakdown of 1.3527. In this case, the target is 1.3494. In the area of 1.3494 - 1.3464 is the consolidation of the price. A break at the level of 1.3403 should be accompanied by a pronounced movement towards the level of 1.3403. The potential value for the downward structure is the level of 1.3372. Upon reaching this level, we expect a rollback to the top.
The main trend is the downward structure of January 3.
Trading recommendations:
Buy: 1.3612 Take profit: 1.3640
Buy: 1.3666 Take profit: 1.3705
Sell: 1.3525 Take profit: 1.3494
Sell: 1.3462 Take profit: 1.3416
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9935, 0.9898, 0.9873, 0.9836, 0.9804, 0.9787, 0.9758. Here, the continuation of the development of the upward structure from 2 January is expected after the breakdown of 0.9836. In this case, the target is 0.9873. Near this level is the consolidation of the price. The breakdown of 0.9875 will allow us to count on the movement towards 0.9898. The potential value for the top is the 0.9935 level, from which we expect the rollback to correction.
Short-term downward movement is possible in the range of 0.9804 - 0.9787. The breakdown of the last value will lead to in-depth movement. Here, the target is 0.9758. This level is the key support for the top.
The main trend is the upward cycle from January 2.
Trading recommendations:
Buy: 0.9838 Take profit: 0.9870
Buy: 0.9875 Take profit: 0.9895
Sell: 0.9804 Take profit: 0.9788
Sell: 0.9785 Take profit: 0.9766
For the USD / JPY pair, the key levels on the scale are: 113.02, 112.69, 112.49, 112.13, 1111.80, 111.56 and 111.23. Here, we follow the formation of a downward structure from January 8. Continued downward movement is expected after the breakdown of 112.10. In this case, the target is 111.80. In the area of 111.80 - 111.56 is the consolidation of the price. The potential value for the top is the level of 111.23. Upon reaching this level, we expect a rollback upward.
Short-term upward movement is possible in the area of 112.49 - 112.69. The breakdown of the last value will lead to in-depth correction. Here, the target is 113.02. This level is the key support for the downward structure. Passing the price will lead to the development of an upward movement. In this case, the first target is 113.38.
The main trend is the formation of a downward structure from January 8.
Trading recommendations:
Buy: 112.50 Take profit: 112.66
Buy: 112.75 Take profit: 113.00
Sell: 112.10 Take profit: 111.90
Sell: 111.78 Take profit: 111.58
For the CAD / USD pair, the key H1 scale levels are: 1.2577, 1.2543, 1.2519, 1.2481, 1.2447, 1.2427 and 1.2390. Here, we follow the formation of the upward structure of January 5. The continuation of the development of the upward movement is expected after the breakdown of 1.2481. In this case, the target is 1.2519. In the area of 1.2519 - 1.2543 is the consolidation of the price. The potential value for the top is the level of 1.2577. After reaching this level, we expect a rollback to the correction.
Short-term downward movement is possible in the area of 1.2447 - 1.2427. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2390.
The main trend is the upward structure of January 5.
Trading recommendations:
Buy: 1.2481 Take profit: 1.2517
Buy: 1.2520 Take profit: 1.2540
Sell: 1.2425 Take profit: 1.2395
Sell: 1.2390 Take profit: 1.2355
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, we expect the formation of initial conditions for the downward movement, in general. At the current time, we do not exclude the movement towards the top and the development of the opposite movement, since the price has been in the area of for a long time. 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 downward movement and the consolidation of the price. The potential value for the downward structure is the level of 0.7699. After reaching this level, we expect to formalize the expressed 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: 135.14, 134.78, 134.54, 133.92, 133.59, 133.04 and 132.73. Here, we follow the development of the downward cycle of January 5. Short-term downward movement is expected in the area of 133.92 - 133.59. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 133.04. The potential value for the bottom is the level of 132.73. After reaching this level, we expect a rollback upward.
Short-term upward movement is possible in the area of 134.54 - 134.78. The breakdown of the last value will lead to in-depth correction. Here, the target is 135.14. This level is the key support for the downward structure.
The main trend is the downward structure of January 5.
Trading recommendations:
Buy: 134.55 Take profit: 134.76
Buy: 134.80 Take profit: 135.10
Sell: 133.90 Take profit: 133.65
Sell: 133.55 Take profit: 133.10
For the GBP / JPY pair, the key levels on the scale of H1 are: 153.69, 153.01, 152.52, 151.77, 151.25, 150.61, 150.08 and 149.50. Here, we follow the formation of a downward structure from January 8. Short-term downward movement is expected in the area of 151.77 - 151.25. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 150.61. In the area of 150.61 - 150.08 is short-term downward movement as well as the consolidation of the price. The potential value for the top is the level of 149.50. After reaching this level, we expect the departure to correction.
Short-term upward movement is possible in the area of 152.52 - 153.01. The breakdown of the last value will lead to the formation of an upward structure. Here, the target is 153.69.
The main trend is the formation of a downward structure from January 8.
Trading recommendations:
Buy: 152.52 Take profit: 153.00
Buy: 153.10 Take profit: 153.60
Sell: 151.75 Take profit: 151.30
Sell: 151.20 Take profit: 150.65
