Dear colleagues.
For the EUR / USD pair, we follow the development of the upward cycle from March 1. The continuation to the top is expected after the breakdown of 1.2425. For the GBP / USD pair, the subsequent development of the upward trend is possible after the breakdown of 1.3941. For the USD / CHF pair, we follow the formation of the downward structure from March 1. The development of this level is expected after the breakdown of 0.9327. For the USD / JPY pair, the continuation of the movement towards the bottom is expected after passing the price of the noise range at 105.59 - 105.23. For the EUR / JPY pair, we follow the formation of the upward structure of March 5. For the of GBP / JPY pair, the price also forms a fairly pronounced structure for the top of March 2.
Forecast for March 7:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2529, 1.2494, 1.2464, 1.2425, 1.2384, 1.2354 and 1.2315. Here, we follow the development of the upward cycle of March 1. The continuation of the movement towards the top is expected after the breakdown of 1.2425. In this case, the target is 1.2464. In the area of 1.2464 - 1.2494 is the consolidation of the price. For the potential value for the top, consider the level of 1.2529. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is expected in the area of 1.2384 - 1.2354. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2315. This level is the key support for the top.
The main trend is the upward cycle of March 1.
Trading recommendations:
Buy: 1.2427 Take profit: 1.2462
Buy 1.2466 Take profit: 1.2492
Sell: 1.2382 Take profit: 1.2357
Sell: 1.2350 Take profit: 1.2325
For the GBP / USD pair, the key levels on the scale of H1 are 1.4070, 1.4003, 1.3941, 1.3894, 1.3731, 1.3697, 1.3634 and 1.3583. Here, we continue to follow the downward structure from February 26. At the moment, the price is in correction. In the range of 1.3894 - 1.3941 we expect consolidated movement. The breakdown at 1.3941 will lead to the development of an upward trend to the level of 1.4003. For the potential value for the top, we consider the level of 1.4070.
The continuation of the movement towards the bottom is possible after the breakdown of 1.3792. In this case, the first target is 1.3731. In the area of 1.3731 - 1.3697 is the consolidation of the price.
The main trend is the downward structure from February 26, the stage of deep correction.
Trading recommendations:
Buy: 1.3944 Take profit: 1.4000
Buy: 1.4005 Take profit: 1.4070
Sell: 1.3790 Take profit: 1.3740
Sell: 1.3695 Take profit: 1.3650
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9430, 0.9407, 0.9383, 0.9327, 0.9281, 0.9245, 0.9220 and 0.9183. Here, we continue to monitor the formation of a downward structure from March 1. The continuation of the movement towards the bottom is expected 0.9327 after the breakdown. In this case, the target is 0.9281. Near this level is the consolidation of the price. The breakdown of 0.9280 will allow us to count on the movement towards the level of 0.9245. In the area of 0.9245 - 0.9220 is the consolidation of the price. For the potential value for the bottom, consider the level of 0.9183. Upon reaching this level, we expect a pullback to the top.
The development of correction is expected after the breakdown of 0.9383. In this case, the target is 0.9407. The range of 0.9407 - 0.9430 is the key support for the downward structure from March 1.
The main trend is the formation of a downward structure from March 1.
Trading recommendations:
Buy: 0.9384 Take profit: 0.9405
Buy: 0.9408 Take profit: 0.9430
Sell: 0.9325 Take profit: 0.9284
Sell: 0.9278 Take profit: 0.9245
For the USD / JPY pair, the key levels on a scale are: 106.91, 106.52, 106.28, 105.59, 105.23, 104.75, 104.47 and 103.89. Here, we follow the downward structure from February 21. At the moment, the price is still in correction. Consolidated traffic is possible in the area of 105.59 - 105.23. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 104.75. In the area of 104.75 - 104.47 is the consolidation of the price. For the potential value for the downward movement, we consider the level of 103.89. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 106.28 - 106.52. The breakdown of the last value will lead to in-depth correction. Here, the target is 106.91. This level is the key support for the downward structure. Passing the price will lead to the formation of the initial conditions for the upward cycle.
The main trend is the downward cycle from February 21.
Trading recommendations:
Buy: 106.28 Take profit: 106.50
Buy: 106.54 Take profit: 106.90
Sell: 105.20 Take profit: 104.80
Sell: 104.45 Take profit: 103.95
For the CAD / USD pair, the key levels on the H1 scale are: 1.3278, 1.3204, 1.3087, 1.3001, 1.2940, 1.2884 and 1.2786. Here, we continue to follow the upward structure of February 16. The continuation of the movement towards the top is expected after the breakdown of 1.3001. In this case, the target is 1.3087. Near this level is the consolidation of the price. For the potential value for the top, consider the level of 1.3204. Upon reaching this level, we expect consolidation in the area of 1.3204 - 1.3278, as well as a pullback to the bottom.
Short-term downward movement is possible in the area of 1.2940 - 1.2884. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2786. This level is the key support for the top.
The main trend is the upward structure of February 1.
Trading recommendations:
Buy: 1.3001 Take profit: 1.3085
Buy: 1.3090 Take profit: 1.3202
Sell: 1.2940 Take profit: 1.2885
Sell: 1.2882 Take profit: 1.2790
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7893, 0.7846, 0.7747, 0.7699, 0.7668, 0.7630 and 0.7605. Here, the situation is in an equilibrium state. The continuation of the movement towards the bottom is expected after the level of 0.7745. In this case, the first target is 0.7700. The breakdown at the level of 0.7699 will allow us to count on the movement towards 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. For the potential value for the bottom, consider the level of 0.7605. Upon reaching this level, we expect a rollback to the top.
The main trend is the equilibrium situation.
Trading recommendations:
Buy: 0.7846 Take profit: 0.7890
Buy: Take profit:
Sell: 0.7745 Take profit: 0.7700
Sell: 0.7696 Take profit: 0.7670
For the of EUR / JPY pair, the key levels on the scale of H1 are: 133.81, 133.25, 132.41, 131.68, 130.97, 130.48, 129.90 and 129.23. Here, we follow the formation of the upward structure of March 5. The continuation of the movement towards the top is expected after the breakdown of 131.68. In this case, the target is 132.41. Near this level is the consolidation of the price. The breakdown at the level of 131.41 should be accompanied by a pronounced upward movement. Here, the target is 133.25. For potential value for the top, consider the level of 133.81. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in the area of 130.97 - 130.48. The breakdown of the last value will lead to in-depth correction. Here, the target is 129.90. This level is the key support for the top of March 5.
The main trend is the formation of the upward structure of March 5.
Trading recommendations:
Buy: 131.70 Take profit: 132.40
Buy: 132.50 Take profit: 133.25
Sell: 130.95 Take profit: 130.50
Sell: 130.44 Take profit: 129.95
For the GBP / JPY pair, the key levels on the scale of H1 are: 149.08, 147.76, 146.99, 145.71, 144.78, 143.90 and 142.28. Here, the price is in correction from the downward structure on February 21 and forms the potential for the top of March 2. The development of the downward structure is expected after the breakdown of 145.71. Here, the first target is 144.78. Short-term downward movement is possible in the area of 144.78 - 143.90. The breakdown of the last value will allow us to count on the movement towards the potential target of 142.28. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possible in the area of 146.99 - 147.76. The breakdown of the last value will lead to the development of an upward movement. In this case, the target is 149.08. Up to this level, we expect formalized initial conditions for the upward cycle.
The main trend is the downward structure from February 2, the correction stage.
Trading recommendations:
Buy: 147.90 Take profit: 149.00
Buy: 149.10 Take profit: 150.90
Sell: 145.70 Take profit: 144.80
Sell: 143.85 Take profit: 142.35
