Forecast for August 21:
Analytical overview of currency pairs on the H1 scale:
The key levels for the euro / dollar pair on the H1 scale are: 1.1965, 1.1913, 1.1883, 1.1862, 1.1824, 1.1782, 1.1729 and 1.1694. Here, we are following the formation of the potential for the downward movement of August 18. The continuation of the downward movement is expected after the breakdown of the level of 1.1824. In this case, the target is 1.1782. There is consolidation near this level. The breakdown of the level 1.1782 should be accompanied by a pronounced downward movement. Here, the target is 1.1729. For the potential value for the bottom, we consider the level 1.1694. Upon reaching which, we expect consolidation, as well as an upward pullback.
A consolidated movement is possible in the range of 1.1862 - 1.1883. The breakout of the last value will lead to a deep correction. Here, the target is 1.1913. This is the key support level for the downward structure from August 18 and its breakdown will cancel the formation of initial conditions for the top. In this case, the potential target is 1.1965.
The main trend is the formation of a descending structure from August 18
Trading recommendations:
Buy: 1.1885 Take profit: 1.1912
Buy: 1.1915 Take profit: 1.1965
Sell: 1.1822 Take profit: 1.1784
Sell: 1.1780 Take profit: 1.1732
The key levels for the pound / dollar pair on the H1 scale are: 1.3447, 1.3385, 1.3344, 1.3284, 1.3209, 1.3182, 1.3142 and 1.3062. Here, we are following the formation of the upward structure from August 20. The continuation of the upward movement is expected after the breakdown of the level of 1.3284. In this case, the target is 1.3344. There is a short-term upward movement, as well as consolidation in the range of 1.3344 - 1.3385. We consider the level of 1.3447 as a potential value for the top. Upon reaching which, we expect consolidation.
A short-term downward movement is possible in the range of 1.3209 - 1.3182. The breakdown of the last value will lead to a deep correction. Here, the target is 1.3142. This is the key support level for the upward structure and its breakdown will lead to the development of a downward movement. In this case, the potential target is 1.3062.
The main trend is the formation of an upward structure from August 20
Trading recommendations:
Buy: 1.3285 Take profit: 1.3344
Buy: 1.3346 Take profit: 1.3385
Sell: 1.3209 Take profit: 1.3182
Sell: 1.3180 Take profit: 1.3144
The key levels for the dollar / franc pair on the H1 scale are: 0.9278, 0.9221, 0.9199, 0.9169, 0.9122, 0.9065, 0.9045 and 0.9007. Here, we are watching the formation of an upward structure from August 18. At the moment, the price is in a deep correction and is close to canceling this structure, which requires passing the noise range 0.9065 - 0.9045. In this case, the first target for the downward movement is 0.9007. The resumption of the upward movement is expected after the breakdown of 0.9122. Here, the first target is 0.9169. The breakdown of which, in turn, will start the development of the main trend. In this case, we expect a movement to the level of 0.9199.
The main trend is the formation of an upward structure from August 18, the stage of deep correction
Trading recommendations:
Buy : 0.9122 Take profit: 0.9169
Buy : 0.9170 Take profit: 0.9199
Sell: 0.9045 Take profit: 0.9010
The key levels for the dollar / yen pair on the scale are : 107.25, 106.96, 106.57, 106.26, 105.92, 105.53, 105.39 and 105.12. Here, the price forms a potential for the upward cycle from August 19. At the moment, the price is close to canceling this structure, which requires passing through the noise range 105.53 - 105.39. Here, the first target is 105.12. We expect the upward movement to resume after the breakdown of the level of 105.92. In this case, the first target is 106.26. The breakdown of which, in turn, will allow us to count on the movement to 106.57. There is consolidation near this level. If the price passes the level of 106.58, it will lead to a pronounced upward movement. Here, the target is 106.96. For the potential value for the top, we consider the level - 107.25. Upon reaching which, we expect consolidation, as well as a downward pullback.
The main trend is the formation of potential for the top from August 19, the stage of deep correction
Trading recommendations:
Buy: 105.92 Take profit: 106.25
Buy : 106.27 Take profit: 106.55
Sell: 105.39 Take profit: 105.12
Sell: Take profit:
The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3282, 1.3239, 1.3204, 1.3143, 1.3096, 1.3061 and 1.3006. Here, we are following the development of the downward structure from August 7th. At the moment, the price is in a correction. The continuation of the downward movement is expected after the breakdown of the level of 1.3143. Here, the target is 1.3096. Price consolidation is 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 consolidated movement is possible in the range of 1.3204 - 1.3239. The breakout of the last value will lead to a deep correction. Here, the target is 1.3282. This is the key support level for the downward structure.
The main trend is the descending structure from August 7, the stage of correction
Trading recommendations:
Buy: 1.3204 Take profit: 1.3237
Buy : 1.3240 Take profit: 1.3282
Sell: 1.3142 Take profit: 1.3096
Sell: 1.3094 Take profit: 1.3061
The key levels for the Australian dollar / US dollar pair on the H1 scale are : 0.7240, 0.7218, 0.7201, 0.7160, 0.7143, 0.7106, 0.7083 and 0.7045. Here, we are watching the formation of potential for the downward cycle of August 19. A short-term downward movement is expected in the range of 0.7160 - 0.7143. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 0.7106. There is a short-term downward movement, as well as consolidation in the range of 0.7106 - 0.7083. For the potential value for the bottom, we consider the level of 0.7045. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is expected in the range of 0.7201 - 0.7218. The breakdown of the last value will lead to a deep correction. Here, the target is 0.7240. This is the key support level for the downward structure from August 19 and the price passing this level will encourage the formation of initial conditions for an upward cycle. In this case, the target is 0.7278.
The main trend is the formation of a descending structure from August 19
Trading recommendations:
Buy: 0.7219 Take profit: 0.7240
Buy: 0.7242 Take profit: 0.7278
Sell : 0.7142 Take profit : 0.7108
Sell: 0.7105 Take profit: 0.7084
The key levels for the euro / yen pair on the H1 scale are: 126.18, 125.78, 125.53, 124.93, 124.68, 124.30 and 124.10. Here, we are following the August 13 downward trend as the main trend. A short-term downward movement is expected in the range of 124.93 - 124.68. The breakdown of the last value will lead to a pronounced downward movement. Here, the target is 124.30. For the potential value for the bottom, we consider the level of 124.10. Upon reaching which, we expect consolidation, as well as an upward pullback.
A short-term upward movement is expected in the range of 125.53 - 125.78. The breakdown of the last value will lead to a deep correction. Here, the target is 126.18. This is a key support level for a downward structure and its breakdown will favor the development of an upward trend.
The main trend is the descending structure from August 13
Trading recommendations:
Buy: 125.54 Take profit: 125.78
Buy: 125.80 Take profit: 126.16
Sell: 124.93 Take profit: 124.70
Sell: 124.66 Take profit: 124.30
The key levels for the pound / yen pair on the H1 scale are : 141.20, 140.86, 140.35, 139.92, 139.55, 139.33, 139.03 and 138.54. Here, the price is forming an upward structure from August 20. The continuation of the upward movement is expected after the breakdown of the level of 139.92. In this case, the target is 140.35. Price consolidation near this level. A breakdown of the level of 140.35 will lead to a pronounced upward movement. Here, the target is 140.86. For the potential value for the top, we consider the level 141.20. Upon reaching which, we expect consolidation, as well as a downward pullback.
A short-term downward movement is possible in the range of 139.55 - 139.33. The breakdown of the last value will lead to a deep correction. Here, the target is 139.03. This is a key support level for the upward structure.
The main trend is the formation of an upward structure from August 20
Trading recommendations:
Buy: 139.92 Take profit: 140.35
Buy: 140.37 Take profit: 140.86
Sell: 139.55 Take profit: 139.34
Sell: 139.31 Take profit: 139.05
