Dear colleagues.
For the EUR / USD pair, the price is still in the correction zone from the downward structure. For the GBP / USD pair, the main continuation of the trend downwards is expected after the breakdown of 1.3845. For the USD / CHF pair, there is a high probability of development of the corrective movement downwards from the level of 0.9821. For the USD / JPY pair, the price is in correction from the upward trend. For the EUR / JPY pair, we expect the continuation of the movement upwards after the breakdown of 133.55. For the GBP / JPY pair, the situation is in an equilibrium state: the downward structure of April 16, as well as the capacity building for the top of April 20. We tend to the development of the latter.
Forecast for April 25:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2293, 1.2260, 1.2235, 1.2218, 1.2183, 1.2159 and 1.2133. Here, we follow the downward structure of April 17. Short-term downward movement is expected in the range of 1.2183 - 1.2159. The breakdown of the last value will allow us to count on the movement towards the potential target of 1.2133. Upon reaching this level, we expect a rollback to correction.
Short-term upward movement is possible in the area of 1.2218 - 1.2235. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2260. This level is the key support for the downward structure. Its breakdown will lead to the formation of initial conditions for the upward cycle.
The main trend is the downward cycle from April 17.
Trading recommendations:
Buy: 1.2218 Take profit: 1.2233
Buy 1.2236 Take profit: 1.2258
Sell: 1.2181 Take profit: 1.2162
Sell: 1.2157 Take profit: 1.2135
For the GBP / USD pair, the key levels on the scale of H1 are 1.4171, 1.4096, 1.4046, 1.3979, 1.3892, 1.3847 and 1.3752. Here, we follow the downward structure of April 17. Short-term downward movement is expected in the area of 1.3892 - 1.3847. The breakdown of the last value will lead to a movement towards the potential target of 1.3752. Upon reaching this level, we expect a pullback upward.
The correction is possible after the breakdown at 1.3979. In this case, the target is 1.4046. In the area of 1.4046 - 1.4096 is short-term upward movement. This range is also the key support for the downward structure.
The main trend is the downward structure of April 17.
Trading recommendations:
Buy: 1.3980 Take profit: 1.4042
Buy: 1.4047 Take profit: 1.4094
Sell: 1.3890 Take profit: 1.3848
Sell: 1.3845 Take profit: 1.3752
For the of USD / CHF pair, the key levels in the scale of H1 are: 0.9874, 0.9821, 0.9797, 0.9760, 0.9736, 0.9711 and 0.9686. Here, we follow the upward structure of April 10. Short-term upward movement is expected in the area of 0.9797 - 0.9821. Hence, the probability of development of correction downwards is high. The potential value for the upward trend is the level of 0.9874. The movement towards this level is expected after the breakdown of 0.9825.
Short-term downward movement is possible in the area of 0.9760 - 0.9736. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9711. The range of 0.9711 - 0.9686 is the key support for the upward structure.
The main trend is the upward structure of April 10.
Trading recommendations:
Buy: 0.9798 Take profit: 0.9820
Buy: 0.9825 Take profit: 0.9870
Sell: 0.9760 Take profit: 0.9738
Sell: 0.9734 Take profit: 0.9712
For the USD / JPY pair, the key levels on a scale are: 109.48, 109.21, 108.94, 108.61, 108.45, 108.16 and 107.97. Here, the price is near the limit values for the upward structure of April 11. The continuation of the upward movement is expected after the breakdown of 108.94. In this case, the target is 109.21. From this level, there is a high probability of a turn downwards. The potential value for the top is the level of 109.48.
Short-term downward movement is possible in the area of 108.61 - 108.45. The breakdown of the last value will lead to in-depth correction. Here, the target is 108.16. The range of 108.16 - 107.97 is the key support for the top.
The main trend is a local upward cycle from April 11.
Trading recommendations:
Buy: 108.95 Take profit: 109.20
Buy: 109.24 Take profit: 109.46
Sell: 108.61 Take profit: 108.47
Sell: 108.44 Take profit: 108.18
For the CAD / USD pair, the key levels on the H1 scale are: 1.2982, 1.2930, 1.2909, 1.2871, 1.2819, 1.2790, 1.2745 and 1.2708. Here, we follow the upward structure of April 17. The continuation of the upward movement is expected after the breakdown of 1.2871. In this case, the target is 1.2909. In the area of 1.2909 - 1.2930 is the consolidation of the price. The potential value for the top is the level of 1.2982. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.2819 - 1.2790. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2745. This level is the key support for the top of April 17. Its breakdown will lead to the formation of the initial conditions for the downward cycle. In this case, the target of 1.2708.
The main trend is the upward structure of April 17.
Trading recommendations:
Buy: 1.2871 Take profit: 1.2907
Buy: 1.2932 Take profit: 1.2980
Sell: 1.2817 Take profit: 1.2792
Sell: 1.2788 Take profit: 1.2747
For the AUD / USD pair, the key levels in the scale of H1 are: 0.7683, 0.7646, 0.7619, 0.7584, 0.7538, 0.7520 and 0.7488. Here, we follow the downward structure of April 19. The continuation of the movement downwards is expected after the breakdown of 0.7584. In this case, the target is 0.7538. In the area of 0.7538 - 0.7520 is the consolidation of the price. Hence, the likelihood of leaving for correction is also high. The potential value for the top is the level of 0.7488. Upon reaching this level, we expect a withdrawal to the top.
Short-term upward movement is possible in the area of 0.7619 - 0.7646. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7683. This level is the key support for the downward cycle.
The main trend is the downward structure of April 19.
Trading recommendations:
Buy: 0.7620 Take profit: 0.7644
Buy: 0.7648 Take profit: 0.7680
Sell: 0.7581 Take profit: 0.7540
Sell: 0.7520 Take profit: 0.7490
For the of EUR / JPY pair, the key levels on the scale of H1 are: 134.70, 133.92, 133.54, 132.85, 132.50, 131.76 and 131.09. Here, we continue to follow the upward structure of March 22. Short-term upward movement is possible in the area of 133.54 - 133.92. The breakdown of the last value will lead to a movement towards the potential target of 134.70. Near this level we expect the consolidation of the price.
Short-term downward movement is possible in the area of 132.85 - 132.50. The breakdown of the last value will lead to in-depth correction. Here, the target is 131.76. This level is the key support for the upward structure of March 22. Its breakdown will lead to a downward structure. In this case, the potential goal is 131.09.
The main trend is the upward structure of March 22.
Trading recommendations:
Buy: 133.55 Take profit: 133.90
Buy: 133.95 Take profit: 134.70
Sell: 132.85 Take profit: 132.53
Sell: 132.46 Take profit: 131.80
For the GBP / JPY pair, the key levels on the scale of H1 are: 154.53, 153.99, 153.21, 152.70, 151.82, 151.28, 150.60, 150.23 and 149.59. Here, the situation is in an equilibrium state: a downward structure from April 16 and the formation of an upward potential from April 20. Short-term upward movement is expected in the area of 152.70 - 153.21. The breakdown of the last value will lead to the movement towards the level of 153.99. The potential value for the top is the level 154.43. Upon reaching this level, we expect the consolidation of the price.
Short-term downward movement is possible in the area of 151.82 - 151.28. The breakdown of the last value will lead to the development of a downward structure from April 16. In this case, the target is 150.60. In the area of 150.60 - 150.23 is the consolidation of the price. The potential value for the bottom is the level of 149.59.
The main trend is the equilibrium situation.
Trading recommendations:
Buy: 152.70 Take profit: 153.20
Buy: 153.25 Take profit: 153.95
Sell: 151.80 Take profit: 151.33
Sell: 151.25 Take profit: 150.65
