Dear colleagues.
For the EUR / USD pair, we are following the formation of the downward potential from February 16. The development of this level is expected after the breakdown of 1.2356. For the GBP / USD pair, the price forms an upward structure from February 9. The continuation of the movement towards the top is expected after the breakdown of the level of 1.4120. For the USD / CHF pair, we follow the formation of the upward structure of February 16. The development of this level is expected after the breakdown of 0.9327. For the of USD / JPY pair, the continuation of the movement towards the bottom is possible after the breakdown of 105.08. At the moment, the price is in correction. For the EUR / JPY pair, the continuation of the movement towards the bottom is expected after passing the price of the noise range at 131.82 - 131.36. For the GBP / JPY pair, the continuation of the movement towards the bottom is expected after the breakdown of 148.70.
Forecast for February 20:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key H1 scale levels are: 1.2648, 1.2580, 1.2528, 1.2476, 1.2433, 1.2356, 1.2273 and 1.2225. Here, the price forms the potential for a downward movement from February 16. The development of this level can be expected after the breakdown of 1.2356. In this case, the target is 1.2273. The potential value for the downward movement is the level of 1.2225. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 1.2433 - 1.2476. The breakdown of the last value will lead to the development of an upward structure. In this case, the target is 1.2528. Near this level is the consolidation of the price. A breakdown at the level of 1.2530 will allow us to count on the movement towards the level of 1.2580.
The main trend is the upward structure from February 9, the stage of deep correction.
Trading recommendations:
Buy: 1.2435 Take profit: 1.2474
Buy 1.2477 Take profit: 1.2526
Sell: 1.2354 Take profit: 1.2275
Sell: 1.2270 Take profit: 1.2227
For the GBP / USD pair, the key H1 scale levels are 1.4447, 1.4358, 1.4230, 1.4183, 1.4120, 1.4018, 1.3964 and 1.3894. Here, we continue to monitor the formation of the upward structure on February 9. At the current time, the price is in correction. The continuation of the movement towards the top is expected after the breakdown of 1.4120. In this case, the target is 1.4183. Near this level is the consolidation of the price. Passing the price of the noise range at 1.4183 - 1.4230 should be accompanied by a pronounced movement towards the level of 1.4358. For the potential value for the top, consider the level of 1.4447. Upon reaching this level, we expect a pullback towards the bottom.
Short-term downward movement is possible in the area of 1.4018 - 1.3964. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3894. This level is the key support for the upward structure.
The main trend is the formation of an upward structure from February 9, the correction stage.
Trading recommendations:
Buy: 1.4120 Take profit: 1.4181
Buy: 1.4232 Take profit: 1.4356
Sell: 1.4018 Take profit: 1.3966
Sell: 1.3962 Take profit: 1.3896
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9426, 0.9389, 0.9364, 0.9327, 0.9263, 0.9237, 0.9207, 0.9176 and 0.9146. Here, we follow the formation of the upward structure of February 16. The continuation of the movement towards the top is expected after the breakdown of 0.9327. In this case, the target is 0.9364. In the area of 0.9364 - 0.9389 is the consolidation of the price. For the potential value for the top, consider the level of 0.9426. Upon reaching this level, we expect a rollback to correction.
Short-term downward movement is possible in the area of 0.9263 - 0.9237. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9207. This level is the key support for the top. Passing the price will lead to the development of a downward structure. In this case, the first target is 0.9176. For the potential value for the bottom, consider the level of 0.9146.
The main trend is the formation of the upward structure of February 16.
Trading recommendations:
Buy: 0.9327 Take profit: 0.9362
Buy: 0.9365 Take profit: 0.9387
Sell: 0.9261 Take profit: 0.9238
Sell: 0.9235 Take profit: 0.9209
For the USD / JPY pair, the key levels on the scale are: 108.23, 107.37, 106.88, 105.50, 105.08 and 104.35. Here, we continue to follow the downward structure of February 2. The continuation of the movement towards the bottom is expected after passing the price of the noise range of 105.50 - 105.08. For the potential value for the bottom, consider the level of 104.35. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 106.88 - 107.37. The breakdown of the last value will lead to in-depth correction. Here, the target is 108.20. This level is the key support for the downward structure.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 106.88 Take profit: 107.35
Buy: 107.40 Take profit: 108.20
Sell: 105.06 Take profit: 104.35
Sell: Take profit:
For the CAD / USD pair, the key H1 scale levels are: 1.2862, 1.2767, 1.2722, 1.2649, 1.2571, 1.2463, 1.2432 and 1.2372. Here, we follow the development of the upward cycle from February 1. The current price is in a deep correction. The continuation of the movement towards the top is expected after the breakdown of 1.2571. Here, the first target is 1.2650. The breakdown of this level will lead to a movement towards the level of 1.2722. In the area of 1.2722 - 1.2767 is the consolidation of the price. For the potential value for the top, consider the level of 1.2862. Upon reaching this level, we expect a rollback to correction.
The range of 1.2463 - 1.2432 is the key support for the top. Passing the price will lead to the development of the downward structure. Here, the target is 1.2372. Up to this level, we expect the initial conditions for the downward cycle to be formalized.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 1.2571 Take profit: 1.2645
Buy: 1.2650 Take profit: 1.2720
Sell: 1.2432 Take profit: 1.2374
Sell: 1.2370 Take profit: 1.2320
For the AUD / USD pair, the key levels on the scale of H1 are: 0.8098, 0.8055, 0.7995, 0.7945, 0.7897, 0.7869 and 0.7771. Here, we follow the upward structure of February 14. The continuation of the movement towards the top is expected after the breakdown of 0.7945. In this case, the target is 0.7995. Near this level is the consolidation of the price. The breakdown at the level of 0.7995 should be accompanied by a pronounced upward movement. The target here is 0.8055. For the potential value for the top, consider the level of 0.8098. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in the area of 0.7897 - 0.7869. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7830. This level is the key support for the top.
The main trend is a local structure for the top of February 14.
Trading recommendations:
Buy: 0.7945 Take profit: 0.7992
Buy: 0.7995 Take profit: 0.8050
Sell: 0.7896 Take profit: 0.7870
Sell: 0.7866 Take profit: 0.7832
For the EUR / JPY pair, the key levels on the scale of H1 are: 136.18, 135.69, 134.73, 133.90, 133.08, 131.82, 131.36, 130.48 and 129.23. Here, we follow the downward structure of February 2. The continuation of the movement towards the bottom is expected after passing the price of the noise range at 131.82 - 131.36. In this case, the target is 130.48. Near this level is the consolidation of the price. For the potential value for the bottom, consider the level of 129.23. Upon reaching this level, we expect a pullback to the top.
The development of an upward correction is possible after the breakdown of 133.08. Here, the target is 133.90. Short-term upward movement is expected in the area of 133.90 - 134.73. The breakdown of the last value will lead 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 this level we expect the initial conditions for the upward cycle.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 133.10 Take profit: 133.88
Buy: 133.92 Take profit: 134.70
Sell: 131.34 Take profit: 130.50
Sell: 130.44 Take profit: 129.30
For the GBP / JPY pair, the key levels on the H1 scale are: 153.87, 152.56, 151.62, 150.85, 148.70, 147.11 and 145.56. Here, we continue to follow the downward structure of February 2. The continuation of the movement towards the bottom is expected after the breakdown of 148.70. In this case, the target is 147.11. Near this level is the consolidation of the price. The break at the level of 147.10 should be accompanied by a pronounced movement towards the potential level of 145.56. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 150.85 - 151.62. The breakdown of the last value will lead to in-depth correction. Here, the target is 152.56. This level is the key support for the bottom. Passing the price will lead to the development of an upward movement. In this case, the target is 153.87.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 150.85 Take profit: 151.60
Buy: 151.65 Take profit: 152.50
Sell: 148.70 Take profit: 147.15
Sell: 147.08 Take profit: 145.60
