Forecast for August 18:
Analytical overview of currency pairs on the H1 scale:
The key levels for the euro / dollar pair on the H1 scale are: 1.1963, 1.1924, 1.1897, 1.1864, 1.1841 and 1.1809. Here, we are following the August 12 upward structure. A short-term upward movement is expected in the range 1.1897 - 1.1924. The breakdown of the last value will lead to a movement to a potential target. In this case, the target is 1.1963. There is consolidation, as well as a downward pullback near this level.
A short-term downward movement is possible in the range of 1.1864 - 1.1841. The breakdown of the last value will lead to a deep correction. Here, the target is 1.1809. This level is a key support for the local upward structure of August 12.
The main trend is the local upward structure of August 12
Trading recommendations:
Buy: 1.1898 Take profit: 1.1922
Buy: 1.1925 Take profit: 1.1961
Sell: 1.1864 Take profit: 1.1842
Sell: 1.1839 Take profit: 1.1810
The key levels for the pound / dollar pair on the H1 scale are: 1.3234, 1.3202, 1.3163, 1.3130, 1.3066, 1.3037, 1.2997, 1.2943 and 1.2873. Here, we are following the August 12 upward structure. A short-term upward movement is possible in the range of 1.3130 - 1.3163. The breakdown of the last value will lead to a pronounced movement. Here, the target is 1.3202. For the potential value for the top, we consider the level of 1.3234. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 1.3066 - 1.3037. The breakdown of the last value will lead to the development of a downward trend. In this case, the first target is 1.2997.
The main trend is the upward structure from August 12
Trading recommendations:
Buy: 1.3130 Take profit: 1.3161
Buy: 1.3164 Take profit: 1.3200
Sell: 1.3066 Take profit: 1.3038
Sell: 1.3035 Take profit: 1.2998
The key levels for the dollar / franc pair on the H1 scale are: 0.9122, 0.9093, 0.9073, 0.9021, 0.8994, 0.8957 and 0.8933. Here, we are following the downward structure from August 12th. At the moment, a movement to the level of 0.9021 is expected. A short-term downward movement, as well as consolidation are in the range of 0.9021 - 0.8994. The breakdown of the level 0.8994 should be accompanied by a pronounced downward movement. In this case, the target is 0.8957. For the potential value for the bottom, we consider the level of 0.8933. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 0.9073 - 0.9093. The breakdown of the last value will lead to a deep correction. Here, the target is 0.9122. This is a key support level for the bottom.
The main trend is the descending structure from August 12
Trading recommendations:
Buy : 0.9073 Take profit: 0.9092
Buy : 0.9095 Take profit: 0.9120
Sell: 0.9020 Take profit: 0.8996
Sell: 0.8992 Take profit: 0.8958
The key levels for the dollar / yen pair on the scale are : 106.26, 106.03, 105.84, 105.60, 105.48, 105.20 and 105.00. Here, we are following the development of the downward trend from August 14. The continuation of the downward movement is expected after the price passes the noise range 105.60 - 105.48. In this case, the target is 105.20. We consider the level of 105.00 as a potential value for the bottom. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 105.84 - 106.03. The breakdown of the last value will lead to a deep correction. Here, the target is 106.26. This is the key support level for the downward structure.
The main trend is the downward cycle of Aug 14
Trading recommendations:
Buy: 105.84 Take profit: 106.00
Buy : 106.05 Take profit: 106.24
Sell: 106.46 Take profit: 105.20
Sell: 105.18 Take profit: 105.03
The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3318, 1.3271, 1.3239, 1.3176, 1.3143, 1.3096, 1.3061 and 1.3006. Here, we are following the development of the downward structure from August 7th. A short-term downward movement is expected in the range of 1.3176 - 1.3143. The breakdown of the last value will lead to a pronounced downward movement. Here, the target is 1.3096. Price consolidation in the range of 1.3096 - 1.3061. We consider the level of 1.3006 as a potential value for the bottom. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 1.3239 - 1.3271. The breakdown of the last value will lead to a deep correction. Here, the target is 1.3318. This is a key support level for the downward structure.
The main trend is the descending structure from August 7
Trading recommendations:
Buy: 1.3240 Take profit: 1.3270
Buy : 1.3273 Take profit: 1.3318
Sell: 1.3174 Take profit: 1.3144
Sell: 1.3142 Take profit: 1.3096
The key levels for the Australian dollar / US dollar pair on the H1 scale are : 0.7318, 0.7286, 0.7271, 0.7247, 0.7229, 0.7204, 0.7184 and 0.7161. Here, we are following the development of the upward cycle from August 12. A short-term upward movement is expected in the range of 0.7229 - 0.7247. The breakdown of the last value will lead to a pronounced upward movement. Here, the target is 0.7271. Price consolidation is in the range of 0.7271 - 0.7286. We consider the level of 0.7318 to be a potential value for the top. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is expected in the range 0.7204 - 0.7184. The breakdown of the last value will lead to a deep correction. Here, the target is 0.7161. This is a key support level for the top.
The main trend is the upward cycle of August 12
Trading recommendations:
Buy: 0.7247 Take profit: 0.7270
Buy: 0.7287 Take profit: 0.7318
Sell : 0.7204 Take profit : 0.7186
Sell: 0.7183 Take profit: 0.7163
The key levels for the euro / yen pair on the H1 scale are: 127.36, 127.09, 126.63, 126.18, 125.80, 125.49 and 125.11. Here, we are following the upward structure from August 10. The price is currently in correction. The resumption of the upward movement is possible after the breakdown of the level of 126.18. Here, the first target is 126.63. The breakdown of which will lead to a pronounced upward movement. Here, the target is 127.09. We consider the level of 127.36 as a potential value for the top. Upon reaching which, we expect consolidation, as well as a downward pullback.
A consolidated movement is expected in the range of 125.80 - 125.49. The breakout of the last value will lead to a deep correction. Here, the target is 125.11. This is the key support level for the top.
The main trend is the upward cycle from August 10, the stage of correction
Trading recommendations:
Buy: 126.18 Take profit: 126.60
Buy: 126.65 Take profit: 127.09
Sell: Take profit:
Sell: 125.47 Take profit: 125.14
The key levels for the pound / yen pair on the H1 scale are: 140.17, 139.64, 139.28, 139.03, 138.45, 138.17, 137.96 and 137.59. Here, we are following the descending structure from August 13th. The continuation of the downward movement is expected after the breakdown of the level of 138.45. In this case, the target is 138.17. Price consolidation is in the range of 138.17 - 137.96. For the potential value for the bottom, we consider the level of 137.59. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is possible in the range of 139.03 - 139.28. The breakdown of the last value will lead to a deep correction. Here, the target is 139.64. This is a key support level for the downward structure.
The main trend is the descending structure from August 13
Trading recommendations:
Buy: 139.03 Take profit: 139.26
Buy: 139.30 Take profit: 139.62
Sell: 138.45 Take profit: 138.18
Sell: 137.95 Take profit: 137.61
