Dear colleagues.
For the EUR / USD pair, the continuation of the upward trend structure from January 9 is expected after the breakdown of 1.2067. For the of GBP / USD pair, the price is close to canceling the downward structure. For this, the breakdown is 1.3565. For the USD / CHF pair, the 0.9731 level is the key support for the upward structure of January 2. For the USD / JPY pair, we follow the development of the downward structure from January 8. The continuation of the movement towards the bottom is expected after the breakdown of 111.00. For the of EUR / JPY pair, the price forms a small potential for the top in correction from January 10. For the GBP / JPY pair, the continuation of the movement towards the bottom is expected after the breakdown of 150.05.
Forecast for January 12:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2166, 1.2124, 1.2098, 1.2067, 1.2041, 1.2020 and 1.1991. Here, we follow the upward structure of January 9. Continued movement towards the top is expected after the breakdown of 1.2067. In this case, the target is 1.2098. In the area of 1.2098 - 1.2124 is the consolidation of the price. For the potential value for the top, consider the level of 1.2166. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in area of 1.2041 - 1.2020. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1991. This level is the key support.
The main trend is the upward structure of January 9.
Trading recommendations:
Buy: 1.2067 Take profit: 1.2096
Buy 1.2099 Take profit: 1.2122
Sell: 1.2018 Take profit: 1.1994
Sell: Take profit:
For the GBP / USD pair, the key levels on the scale of H1 are 1.3611, 1.3565, 1.3494, 1.3464, 1.3403 and 1.3372. Here, we are still monitoring the downward structure of January 3. The development of the downward structure is expected after the breakdown of 1.3494. In this case, the target is 1.3464. In the area of 1.3494 - 1.3464 is the consolidation of the price. A break of the level of 1.3460 should be accompanied by a pronounced movement towards the level of 1.3403. For the potential value of the downward structure, we consider the level of 1.3372. Upon reaching this level, we expect a pullback to the top.
The level of 1.3565 is the key support for the downward structure. Passing the price will lead to the formation of the initial conditions for the upward cycle. Here, the target is 1.3611.
The main trend is the downward structure of January 3.
Trading recommendations:
Buy: 1.3566 Take profit: 1.3610
Buy: Take profit:
Sell: 1.3494 Take profit: 1.3466
Sell: 1.3460 Take profit: 1.3408
For the USD / CHF pair, the key levels in the scale of H1 are: 0.9935, 0.9898, 0.9873, 0.9836, 0.9814, 0.9758, 0.9731 and 0.9697. Here, the continuation of the development of the upward structure of January 2 is expected after the breakdown of 0.9814. In this case, the target is 0.9836. The breakdown of this level should be accompanied by a pronounced upward movement towards the level of 0.9873. The breakdown of 0.9875 will allow us to count on the movement towards 0.9898. For the potential value of the top is the level of 0.9935. After reaching this level, we expect a rollback to correction.
The range of 0.9758 - 0.9731 is the key support for the upward structure. Hence, it is expected to be a key turn to the top. The breakdown at the level of 0.9731 will lead to the development of a downward movement. In this case, the first target is 0.9697.
The main trend is the upward cycle of January 2.
Trading recommendations:
Buy: 0.9814 Take profit: 0.9834
Buy: 0.9838 Take profit: 0.9870
Sell: 0.9756 Take profit: 0.9734
Sell: 0.9730Take profit: 0.9700
For the USD / JPY pair, the key levels on a scale are: 112.13, 111.80, 111.56, 111.23, 111.01, 110.75, 110.60 and 110.26. Here, we continue to follow the downward structure from January 8. Short-term downward movement is expected in the area of 111.23 - 111.01. The breakdown of the last value will lead to a movement towards the level of 110.75. In the area of 110.75 - 110.06 is the consolidation of the price. For the potential value of the downward movement, we consider the level of 110.26. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in area of 111.56 - 111.80. The breakdown of the last value will lead to in-depth correction. Here, the target is 112.13. This level is the key support for the downward structure.
The main trend is the downward cycle from January 8.
Trading recommendations:
Buy: 111.58 Take profit: 111.80
Buy: 111.84 Take profit: 112.10
Sell: 111.20 Take profit: 111.03
Sell: 110.98 Take profit: 110.77
For the CAD / USD pair, the key levels on the H1 scale are: 1.2676, 1.2649, 1.2601, 1.2577, 1.2523, 1.2494 and 1.2447. Here, the continuation of the development of the upward structure from January 5 is expected after passing the price of the noise range of 1.2577 - 1.2601. In this case, the target is 1.2649. In the area of 1.2649 - 1.2676 is the consolidation of the price.
Short-term downward movement is possible in the area of 1.2523 - 1.2494. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2447.
The main trend is the upward structure of January 5.
Trading recommendations:
Buy: 1.2618 Take profit: 1.2647
Buy: Take profit:
Sell: 1.2520 Take profit: 1.2496
Sell: 1.2490 Take profit: 1.2450
For the AUD / USD pair, the key levels in the scale of H1 are: 0.7948, 0.7924, 0.7909, 0.7887, 0.7853, 0.7834 and 0.7802. Here, the price forms the potential for the top of January 9. At the moment, it is expected to move towards the level of 0.7909. In the area of 0.7909 - 0.7924 is the consolidation of the price. For the potential value of the upward trend, we consider the level of 0.7948. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in the area of 0.7853 - 0.7834. Hence, the probability of a turn to the top is high. The breakdown at the level of 0.7830 will lead to the development of a downward movement. In this case, the first target is 0.7802.
The main trend is the formation of the potential for the top of January 9.
Trading recommendations:
Buy: 0.7888 Take profit: 0.7909
Buy: 0.7925 Take profit: 0.7948
Sell: 0.7851 Take profit: 0.7836
Sell: 0.7832 Take profit: 0.7805
For the EUR / JPY pair, the key levels on the scale of H1 are: 135.60, 135.25, 134.77, 134.54, 133.50, 133.04, 132.73, 132.32 and 132.05. Here, we follow the development of the downward cycle from January 5. The current price is in correction. The continuation of the movement towards the bottom is expected after the breakdown of 133.50. In this case, the first target is 133.04. short-term downward movement is expected in the area of 133.04 - 132.73. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 132.32. For the potential value for the bottom, consider the level of 132.05. Upon reaching this level, we expect a pullback to the top.
The range of 134.54 - 134.77 is the key support for the downward structure. Passing the price will lead to the development of the upward movement from January 10. In this case, the target is 135.25. For the potential value for the top, we consider the level of 135.60. After reaching this level, we expect the consolidation of the price.
The main trend is the downward structure from January 5, the correction stage.
Trading recommendations:
Buy: 134.77 Take profit: 135.20
Buy: 135.28 Take profit: 135.60
Sell: 133.50 Take profit: 133.15
Sell: 132.02 Take profit: 132.36
For the GBP / JPY pair, the key levels on the scale of H1 are: 152.52, 151.77, 151.25, 150.61, 150.08, 149.50, 149.11 and 148.27. Here, we follow the downward structure from January 8. Short-term downward movement is expected in the area of 150.61 - 150.08. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 149.50. In the area of 149.50 - 149.11 is a short-term downward movement, as well as the consolidation of the price. For the potential value for the top, consider the level of 148.27. Upon reaching this level, we expect a departure towards correction.
Short-term upward movement is possible in the area of 151.25 - 151.77. The breakdown of the last value will lead to the formation of an upward structure. Here, the target is 152.52.
The main trend is the downward cycle from January 8.
Trading recommendations:
Buy: 151.25 Take profit: 151.70
Buy: 151.83 Take profit: 152.20
Sell: 150.05 Take profit: 149.60
Sell: 149.10 Take profit: 148.35
