Dear colleagues.
For the EUR / USD pair, the continuation of the movement downwards is expected after passing the price of the noise range at 1.2249 - 1.2226. For the of GBP / USD pair, the continuation of the movement downwards is expected after passing the price of the noise range at 1.3858 - 1.3820. For the USD / CHF pair, the price is still in the zone of initial conditions for the upward cycle of February 1. For the USD / JPY pair, we follow the formation of the downward structure from February 2. For the EUR / JPY pair, the continuation of the development of the downward structure from 2 February is expected after the breakdown of 132.75. For the GBP / JPY pair, we follow the downward structure from February 2.
The forecast for February 9:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key H1 scale levels are: 1.2408, 1.2362, 1.2319, 1.2292, 1.2249, 1.2226, 1.2172 and 1.2130. Here, the continuation of the development of the downward cycle from February 1 is expected after passing the price of the noise range at 1.2249 - 1.2226. In this case, the target is 1.2172. The potential value for the bottom is the level of 1.2130. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.2292 - 1.2319. The breakdown of the last value will lead to in-depth correction. In this case, the target is 1.2362. This level is the key support for the downward structure. Passing the price will lead to to the development of an upward structure. In this case, the target is 1.2408 .
The main trend is the downward structure of February 1.
Trading recommendations:
Buy: 1.2292 Take profit: 1.2317
Buy 1.2322 Take profit: 1.2360
Sell: 1.2224 Take profit: 1.2174
Sell: 1.2170 Take profit: 1.2135
For the GBP / USD pair, the key levels on the scale of H1 are 1.4108, 1.4040, 1.3999, 1.3858, 1.3820, 1.3745 and 1.3689. Here, we continue to follow the development of the downward cycle from February 1. The continuation of the movement downwards is expected after passing the price of the noise range of 1.3858 - 1.3820. In this case, the target is 1.3745. We consider the level of 1.3690 to be a potential value for the downward trend, after which we expect a pullback to the top.
Short-term upward movement is possible in the area of 1.3990 - 1.4040. The breakdown of the last value will lead to in-depth movement. Here, the target is 1.4108. This level is the key support for the downward structure.
The main trend is the downward cycle from February 1.
Trading recommendations:
Buy: 1.4000 Take profit: 1.4040
Buy: 1.4142 Take profit: 1.4106
Sell: 1.3820 Take profit: 1.3747
Sell: 1.3743 Take profit: 1.3690
For the USD / CHF, the key levels on the scale of H1 are: 0.9597, 0.9543, 0.9402, 0.9455, 0.9387, 0.9342, 0.9287 and 0.9253. Here, we follow the development of the upward structure of February 1. Continued upward movement is expected after the breakdown of 09455. In this case, the target is 0.9502. In the area of 0.9502 - 0.9543 is the consolidation of the price. The potential value for the top is the level of 0.9597, upon reaching which we expect a pullback downwards.
Consolidated downward movement is possible in the area of 0.9387 - 0.9342. The breakdown of the last value will lead to a downward structure. In this case, the target is 0.9287.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 0.9455 Take profit: 0.9502
Buy: 0.9545 Take profit: 0.9595
Sell: Take profit:
Sell: 0.9340 Take profit: 0.9290
For the USD / JPY pair, the key levels on a scale are: 110.42, 109.75, 109.22, 108.88, 108.33, 107.68, 106.88 and 106.38. Here, we follow the downward structure from February 2. We expect the continuation of the downward movement after the breakdown of 108.33. In this case, the target is 107.68. Near this is the consolidation of the price. The breakdown of 107.65 should be accompanied by a pronounced movement towards the level of 106.88. The potential value for the bottom is the level of 106.38, upon reaching which we expect a rollback to correction.
Short-term upward movement is possible in the area of 108.88 - 109.22. The breakdown of the last value will lead to in-depth correction. Here, the target is 109.75. This level is the key support for the downward structure.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 109.23 Take profit: 109.75
Buy: 109.77 Take profit: 110.40
Sell: 108.30 Take profit: 107.70
Sell: 107.65 Take profit: 106.90
For the CAD / USD pair, the key H1 scale levels are: 1.2862, 1.2767, 1.2722, 1.2649, 1.2563, 1.2526 and 1.2463. Here, we follow the development of the upward cycle of February 1. Continued upward movement is expected after the breakdown of 1.2650. In this case, the target is 1.2722. In the area of 1.2722 - 1.2767 is the consolidation of the price. The potential value for the top is the level of 1.2862, upon reaching which we expect a rollback to correction.
Short-term downward movement is possible in the area of 1.2563-1.2526. The breakdown of the latter value will lead to in-depth correction. Here, the target is 1.2463. This level is the key support for the top.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 1.2650 Take profit: 1.2720
Buy: 1.2723 Take profit: 1.2765
Sell: 1.2560 Take profit: 1.2528
Sell: 1.2522 Take profit: 1.2465
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7912, 0.7873, 0.7835, 0.7806, 0.7747, 0.7706 and 0.7624. Here, we follow the downward structure of January 26. Short-term downward movement is expected in the area of 0.7747 - 0.7706. The breakdown of the last value should be accompanied by a pronounced movement towards the potential target of 0.7624, from this level we expect a rollback upward.
Short-term upward movement is possible in the area of 0.7806 - 0.7835. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7873. The potential value for the top is the level of 0.7912, to which we expect the initial conditions for the upward cycle to be formalized.
The main trend is the downward structure of January 26.
Trading recommendations:
Buy: 0.7806 Take profit: 0.7833
Buy: 0.7837 Take profit: 0.7870
Sell: 0.7745 Take profit: 0.7708
Sell: 0.7704 Take profit: 0.7630
For the EUR / JPY pair, the key levels on the scale of H1 are: 136.18, 135.69, 134.73, 133.90, 132.75, 131.82, 131.36, 130.48 and 129.23. Here, we follow the downward structure of February 2. Continued downward movement is expected after the breakdown of 132.75. In this case, the target is 131.82. In the area of 131.82 - 131.36 is the consolidation of the price. A breakdown in the level of 131.36 will allow us to count on the movement towards the level of 130.48. The potential value for the bottom is the level of 129.23, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 133.90 - 134.73. The breakdown of the last value will lead to to the development of an upward structure. In this case, the target is 135.70. The range of 135.70 - 136.18 is noise. Before reaching it, we will design the initial conditions for the upward cycle.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 133.90 Take profit: 134.70
Buy: 134.75 Take profit: 135.65
Sell: 132.75 Take profit: 131.80
Sell: 131.34 Take profit: 130.50
For the GBP / JPY pair, the key levels on the scale of H1 are: 154.79, 153.68, 152.99, 151.62, 150.11, 148.31 and 147.11. Here, we continue to monitor the formation of a downward structure from 2 February. The continuation of the movement downwards is expected after the breakdown of 151.62. In this case, the target is 150.11. Near this level is the consolidation of the price. The breakdown of the level of 150.11 should be accompanied by a pronounced movement towards the level of 148.31. The potential value for the bottom is the level of 147.11, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 152.99 - 153.68. The breakdown of the last value will lead to in-depth correction. Here, the target is 154.75. This level is the key support for the bottom. Passing the price will lead to to the development of an upward movement. In this case, the target is 156.60.
The main trend is the formation of a downward structure from February 2.
Trading recommendations:
Buy: 153.00 Take profit: 153.65
Buy: 153.72 Take profit: 154.76
Sell: 151.60 Take profit: 150.45
Sell: 150.05 Take profit: 148.55
