Dear colleagues.
For the EUR / USD pair, the continuation of the upward movement is expected after the breakdown of 1.2360. For the GBP / USD pair, we are waiting for the continuation of the upward movement after the breakdown of 1.4186. For the of USD / CHF pair, we have expanded the potential for upward movement towards the level of 0.9788. At the moment, the price is in correction. For the USD / JPY pair, the continuation of the upward movement is expected after the breakdown of 107.66. For the EUR / JPY pair, we follow the formation of the upward structure of March 22. The continuation of the upward movement is expected after the breakdown of 132.85. For the GBP / JPY pair, the continuation of the upward movement is expected after the breakdown of 152.10.
The forecast for April 11:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2433, 1.2400, 1.2384, 1.2358, 1.2332, 1.2314 and 1.2282. Here, we follow the upward structure of April 6. The continuation of the upward movement is expected after the breakdown of 1.2360. In this case, the target is -1.2384. In the area of 1.2384 - 1.2400 is the consolidation of the price. The potential value for the top is the level of 1.2433. From this level, we expect a pullback downwards.
Short-term downward movement is expected in the area of 1.2332 - 1.2314. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2282. This level is the key support for the top.
The main trend is the upward structure of April 6.
Trading recommendations:
Buy: 1.2360 Take profit: 1.2382
Buy 1.2405 Take profit: 1.2430
Sell: 1.2330 Take profit: 1.2316
Sell: 1.2312 Take profit: 1.2285
For the GBP / USD pair, the key H1 scale levels are 1.4335, 1.4281, 1.4258, 1.4216, 1.4186, 1.4162, 1.4139 and 1.4104. Here, we follow the upward structure of April 5. The continuation of the upward movement is expected after the breakdown of 1.4186. In this case, the target is 1.4216. In this range is the consolidation of the price. A break at the level of 1.4216 should be accompanied by a pronounced upward movement. Here, the target is 1.4258. In the area of 1.4258 - 1.4281 is the consolidation of the price. The potential value for the top is the level of 1.4335. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.4162 - 1.4139. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.4104. This level is the key support for the top.
The main trend is the upward structure of April 5.
Trading recommendations:
Buy: 1.4188 Take profit: 1.4114
Buy: 1.4117 Take profit: 1.4256
Sell: 1.4160 Take profit: 1.4141
Sell: 1.4137 Take profit: 1.4106
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9610, 0.9593, 0.9581, 0.9553, 0.9539, 0.9513 and 0.9490. Here, we follow the formation of the downward structure of April 5. The continuation of the downward movement is expected after the breakdown of 0.9553. In this case, the target is 0.9539. Near this level is the consolidation of the price. The breakdown of 0.9537 should be accompanied by a pronounced downward movement. Here, the target is 0.9513. Near this level is the consolidation of the price. For the potential value for the downward trend, we expect the level of 0.9490.
Short-term upward movement is possible in the area of 0.9581 - 0.9593. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9610. This level is the key support for the downward structure.
The main trend is the formation of a downward structure from April 5.
Trading recommendations:
Buy: 0.9581 Take profit: 0.9590
Buy: 0.9596 Take profit: 0.9608
Sell: 0.9551 Take profit: 0.9542
Sell: 0.9537 Take profit: 0.9520
For the USD / JPY pair, the key levels on the scale are: 108.75, 108.28, 108.05, 107.66, 106.97, 106.68, 106.25 and 105.62. Here, we follow the local structure from 2 April. The continuation of the upward movement is expected after the breakdown of 107.66. In this case, the target is 108.05. In the area of 108.05 - 108.28 is the consolidation of the price. For the potential value for the top, we expect the level of 108.75. From this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 106.97 - 106.68. The breakdown of the last value will lead to in-depth correction. Here, the target is 106.24. This level is the key support for the top.
The main trend is the upward cycle of March 23, the local structure of April 2.
Trading recommendations:
Buy: 107.66 Take profit: 108.05
Buy: 108.30 Take profit: 108.75
Sell: 106.95 Take profit: 106.68
Sell: 106.66 Take profit: 106.27
For the CAD / USD pair, the key levels on the H1 scale are: 1.2765, 1.2711, 1.2672, 1.2643, 1.2583, 1.2540, 1.2503 and 1.2426. Here, we follow the local downward structure of April 2. The continuation of the movement downwards is expected after the breakdown of 1.2583. In this case, the target is 1.2540. In the area of 1.2540 - 1.2503 is the consolidation of the price. From here, we expect a key turn into correction. We consider the level of 1.2426 as potential value for the downward trend on the scale of H1.
Short-term upward movement is expected in the area of 1.2643 - 1.2672. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2711. This level is the key support for the downward structure.
The main trend is the local structure for the bottom of April 2.
Trading recommendations:
Buy: 1.2643 Take profit: 1.2670
Buy: 1.2674 Take profit: 1.2710
Sell: 1.2582 Take profit: 1.2542
Sell: 1.2538 Take profit: 1.2505
For the AUD / USD pair, the key H1 scale levels are: 0.7833, 0.7805, 0.7793, 0.7773, 0.7746, 0.7733 and 0.7713. Here, we follow the upward structure of 9 April. The continuation of the upward movement is expected after the breakdown of 0.7773. In this case, the target is 0.7793. In the area of 0.7793 - 0.7805 is the consolidation of the price. The potential value for the top is the level of 0.7833. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.7746 - 0.7733. The breakdown of the latter value will lead to in-depth correction. Here, the target is 0.7713. This level is the key support for the top.
The main trend is the upward structure of April 9.
Trading recommendations:
Buy: 0.7775 Take profit: 0.7791
Buy: 0.7807 Take profit: 0.7830
Sell: 0.7744 Take profit: 0.7735
Sell: 0.7730 Take profit: 0.7715
For the of EUR / JPY pair, the key levels on the scale of H1 are: 134.70, 133.92, 133.54, 132.85, 131.94, 131.54, 131.09 and 130.36. Here, we continue to follow the formation of the upward structure of March 22. The continuation of the upward movement is expected after the breakdown of 131.85. In this case, the target is 133.54. In the area of 133.54 - 133.92 is the consolidation of the price. The potential value for the upward structure is 134.70.
Short-term downward movement is possible in the area of 131.94 - 131.54. The breakdown of the last value will lead to in-depth correction. Here, the target is 131.09. This level is the key support for the upward structure of March 22.
The main trend is the upward structure of March 22.
Trading recommendations:
Buy: 132.85 Take profit: 133.52
Buy: 133.95 Take profit: 134.70
Sell: 131.90 Take profit: 131.56
Sell: 131.50 Take profit: 131.10
For the GBP / JPY pair, the key levels on the scale of H1 are: 153.91, 153.15, 152.68, 152.06, 151.40, 150.97 and 150.22. Here, we follow the upward structure of April 2. The continuation of the upward movement is expected after the breakdown of 152.06. In this case, the target is 152.68. In the area of 152.68 - 153.15 is the consolidation of the price. The potential value for the top is the level of 153.91. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 151.40 - 150.97. The breakdown of the last value will lead to an in-depth movement. Here, the target is 150.22. This level is the key support for the top.
The main trend is the local structure for the top of April 2.
Trading recommendations:
Buy: 152.08 Take profit: 152.66
Buy: 152.70 Take profit: 153.12
Sell: 151.40 Take profit: 151.00
Sell: 150.95 Take profit: 150.30
