Dear colleagues.
For the EUR / USD pair, for the continuation of the movement downwards after the breakdown of 1.2166, we consider the movement towards the top as a correction. For the GBP / USD pair, subsequent targets were determined from the local downward structure on February 26. For the USD / CHF pair, we follow the local upward structure of February 26. For the USD / JPY pair, the development of the upward structure of February 16 is expected after the breakdown of 107.42. For the EUR / JPY pair, we examined the subsequent targets from the medium-term downward structure of February 2. For the GBP / JPY pair, we have identified medium-term targets for the downward structure from February 2. At the moment, we will follow the local structure of February 21.
The forecast for March 1:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key H1 scale levels are: 1.2382, 1.2301, 1.2251, 1.2220, 1.2166, 1.2131, 1.2084, 1.2053 and 1.1997. Here, we follow the development of the downward structure of February 16. Short-term downward movement is possible in the area of 1.2166 - 1.2131. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 1.2084. In the area of 1.2084 - 1.2053 is the consolidation of the price. The potential value for the downward movement is the level of 1.1997. Upon reaching this level, we expect a pullback upward.
Short-term upward movement is expected in the area of 1.2220 - 1.2251. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2301. This level is the key support for the downward structure.
The main trend is the downward cycle from February 16.
Trading recommendations:
Buy: 1.2220 Take profit: 1.2250
Buy 1.2255 Take profit: 1.2300
Sell: 1.2130 Take profit: 1.2086
Sell: 1.2050 Take profit: 1.2000
For the GBP / USD pair, the key levels on the scale of H1 are 1.3894, 1.3823, 1.3784, 1.3731, 1.3697, 1.3634 and 1.3583. Here, we determined the subsequent goals for the downward movement from a small structure on February 26. The continuation of the movement downwards is expected after passing the price of the noise range at 1.3731 - 1.3697. In this case, the target is 1.3634. The potential value for the bottom is the level of 1.3583. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.3784 - 1.3823. The breakdown of the last value will lead to in-depth movement. Here, the target is 1.3894. This level is the key support for the downward cycle.
The main trend is the downward structure of February 26.
Trading recommendations:
Buy: 1.3784 Take profit: 1.3820
Buy: 1.3825 Take profit: 1.3890
Sell: 1.3695 Take profit: 1.3636
Sell: 1.3632 Take profit: 1.3585
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9529, 0.9500, 0.9482, 0.9459, 0.9430, 0.9407 and 0.9383. Here, we follow the local structure of 26 February.The continuation of the upward movement is expected after the breakdown of 0.9460. In this case, the target is 0.9482. In the area of 0.9482 - 0.9500 is the consolidation of the price. The potential value for the top is the level of 0.9529. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.9430 - 0.9407. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9383. This level is the key support for the top.
The main trend is the upward cycle of February 16.
Trading recommendations:
Buy: 0.9460 Take profit: 0.9480
Buy: 0.9502 Take profit: 0.9529
Sell: 0.9430 Take profit: 0.9410
Sell: 0.9405 Take profit: 0.9385
For the USD / JPY pair, the key levels on a scale are: 109.24, 108.74, 108.06, 107.81, 107.42, 106.88, 106.44, 106.04 and 105.50. Here, we follow the upward structure of February 16. The continuation of the development of the upward structure from February 16 is expected after the breakdown of the level of 107.42. In this case, the first target is 107.81. Passing the price of the noise range of 107.81 - 108.06 will allow us to count on the movement towards 108.74. Near this level is the consolidation of the price. The potential value for the top is the level of 109.24. Upon reaching this level, we expect a pullback downwards.
Consolidated movement is possible in the area of 106.88 - 106.44. The breakdown of the last value will lead to in-depth correction. Here, the target is 106.04. The breakdown of this level, in turn, will initiate the development of the downward trend in the scale of H1. In this case, the potential target is 105.50.
The main trend is the upward structure of February 16.
Trading recommendations:
Buy: 107.42 Take profit: 107.40
Buy: 108.08 Take profit: 108.70
Sell: 106.42 Take profit: 106.08
Sell: 106.42 Take profit: 106.06
For the CAD / USD pair, the key levels on the H1 scale are: 1.2972, 1.2902, 1.2862, 1.2806, 1.2764, 1.2709 and 1.2612. Here, we continue to follow the upward structure of February 16. Short-term upward movement is possible in the area of 1.2862 - 1.2902. The breakdown of the last value will lead to a movement towards the potential target of 1.2972. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.2806 - 1.2764. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2709. This level is the key support for the top. Its breakdown will lead to the formation of a downward structure. In this case, the target is 1.2612.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 1.2862 Take profit: 1.2900
Buy: 1.2903 Take profit: 1.2970
Sell: 1.2804 Take profit: 1.2764
Sell: 1.2762 Take profit: 1.2710
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7846, 0.7793, 0.7759, 0.7740, 0.7699, 0.7668, 0.7630 and 0.7605. Here, we determined the subsequent goals from the downward structure on February 26. The breakdown at the level of 0.7699 will allow us to count on the movement towards the level of 0.7668. Near this level, we expect the consolidation of the price. Passing the price of 0.7666 should be accompanied by a pronounced downward movement. Here, the target is 0.7630. The potential value for the bottom is the level of 0.7605. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 0.7740 - 0.7759. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7793. This level is the key support for the downward structure.
The main trend is the downward structure of February 16.
Trading recommendations:
Buy: 0.7740 Take profit: 0.7756
Buy: 0.7762 Take profit: 0.7790
Sell: 0.7698 Take profit: 0.7670
Sell: 0.7666 Take profit: 0.7632
For the EUR / JPY pair, the key levels on the scale of H1 are: 131.82, 131.37, 130.48, 129.23, 128.34, 127.46 and 126.81. Here, we follow the medium-term downward structure of February 2. Currently, we expect to reach the level of 129.23. Near this level is the consolidation of the price. The breakdown of the level of 129.20 will allow us to count on the movement towards the level of 128.34. Near this level is the consolidation of the price. As a potential value for the bottom, consider the level of 127.46. The range of 127.46 - 126.81 is noise.
The development of the corrective movement is possible after the breakdown of 130.50. In this case, the target is 131.37. In the area of 131.37 - 131.82 is the consolidation of the price. The breakdown at the price level of 131.90 will lead to the development of the upward structure. Here, the target is 133.00.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 130.50 Take profit: 131.30
Buy: 131.90 Take profit: 133.00
Sell: 129.20 Take profit: 128.40
Sell: 128.30 Take profit: 127.50
For the GBP / JPY pair, the key levels on the scale of H1 are: 149.08, 147.76, 146.99, 145.56, 143.50 and 142.22. Here, we continue to follow the medium-term downward structure of February 2. At the moment, we expect the movement towards the level of 145.56. Near this level is the consolidation of the price. Its breakdown should be accompanied by a pronounced movement towards the level of 143.50. The potential value for the bottom is the level of 142.22. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 147.00 - 147.76. The breakdown of the last value will lead to in-depth correction. Here, the target is 149.08. 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 150.96.
The main trend is the downward structure of February 2.
Trading recommendations:
Buy: 147.00 Take profit: 147.75
Buy: 147.90 Take profit: 149.00
Sell: 145.55 Take profit: 144.00
Sell: 143.50 Take profit: 142.30
