Outlook on January 26:
Analytical review of popular currency pairs on the hourly chart:
The key levels for the EUR/USD pair are 1.2244, 1.2215, 1.2202, 1.2180, 1.2146, 1.2123 and 1.2099. Following the upward trend from January 18, the pair is expected to resume growth after the level of 1.2180 is broken, with a target of 1.2202. Price consolidation is in the range of 1.2202 - 1.2215. The final potential upward target is the level of 1.2244. Once this level is reached, consolidation and downward pullback can be expected.
A short-term decline, in turn, is possible in the range of 1.2146 - 1.2123. If the last value is broken, a deep correction will occur, with a target of 1.2099. This is the key support level for growth.
The main trend is the upward trend from January 18, correction stage
Trading recommendations:
Buy: 1.2180 Take profit: 1.2202
Buy: 1.2215 Take profit: 1.2244
Sell: Take profit:
Sell: 1.2122 Take profit: 1.2100
The key levels for the GBP/USD pair are 1.3889, 1.3852, 1.3792, 1.3756, 1.3698, 1.3617, 1.3595 and 1.3563. Following the rising trend from January 11, we expect the pair to continue its climb after the level of 1.3698 is broken, with the first target of 1.3756. There is a short-term growth in the range of 1.3756 - 1.3792. Upon breaking the last value, a strong rise will occur, with a target of 1.3852. The ultimate potential target is the level of 1.3889. Once this level is reached, price consolidation and downward pullback can be expected.
Meanwhile, short-term decline is expected in the range of 1.3617 - 1.3595. If the last value is broken, it will favor a deep corrective movement. In this case, the target is 1.3563.
The main trend is the upward trend from January 11, correction stage
Trading recommendations:
Buy: 1.3698 Take profit: 1.3755
Buy: 1.3756 Take profit: 1.3790
Sell: 1.3617 Take profit: 1.3596
Sell: 1.3594 Take profit: 1.3564
The key levels for the USD/CHF pair are 0.9070, 0.9042. 0.8982, 0.8957, 0.8921, 0.8858, 0.8817 and 0.8756. The existing situation in the four-hour chart is still being considered. Currently, the price is in the zone of initial conditions from January 6. In this case, we expect the pair to continue upwards after the level of 0.8921 is broken, with a target of 0.8957. Price consolidation is near this level. If the price passes the noise range of 0.8957 - 0.8982, a strong growth will occur, targeting the level of 0.9042. This will be followed by the final potential upward target - 0.9070. After reaching this level, price consolidation and downward pullback can be expected.
On another note, short-term decline is expected in the range of 0.8858 - 0.8817, hence an upward reversal is very likely. If the last value is broken, further decline can be expected, with a potential target of 0.8756.
The main trend is the upward trend from January 6
Trading recommendations:
Buy: 0.8921 Take profit: 0.8957
Buy: 0.8982 Take profit: 0.9040
Sell: 0.8858 Take profit: 0.8820
Sell: 0.8815 Take profit: 0.8757
The key levels for the USD/JPY are 104.34, 104.12, 103.92, 103.68, 103.56, 103.48, 103.34, 103.22, 103.02 and 102.89. The price of the pair is in a correction stage from the downward trend, which forms an upward potential from January 21. So, we expect the pair to continue rising after the level of 103.92 is broken, with the first target of 104.12. Price consolidation is near this level. Lastly, we have the level of 104.34 as a potential upward target. Once this level is reached, price consolidation and downward pullback are possible.
A short-term decline is expected in the range of 103.68 - 103.56. If the price breaks through the noise range of 103.56 - 103.48, a downward trend will follow, with the first potential target is 103.34. Meanwhile, there is a short-term decline and consolidation in the range of 103.34 - 103.22.
The main trend is the downward trend from January 11, building growth potential from January 21
Trading recommendations:
Buy: 103.92 Take profit: 104.10
Buy: 104.13 Take profit: 104.34
Sell: 103.66 Take profit: 103.56
Sell: 103.46 Take profit: 103.34
The key levels for the USD/CAD pair are 1.2919, 1.2891, 1.2851, 1.2810, 1.2792, 1.2744, 1.2714 and 1.2685. Following the development of the bullish trend from January 21, we expect the upward movement to continue after the price passes the noise range of 1.2792 - 1.2810, with a target of 1.2851. Price consolidation is near this level. If the first target is broken, it will lead to an expressed movement towards the next target of 1.2891. The final potential upward target is the level of 1.2919. Once this level is reached, price consolidation and a downward pullback can be expected.
A short-term decline, on the contrary, is expected in the range of 1.2744 - 1.2714. If the last value is broken, a deep correction will occur. In this case, the target is 1.2685, which is the key support level for growth.
The main trend is the upward trend from January 21
Trading recommendations:
Buy: 1.2810 Take profit: 1.2850
Buy: 1.2853 Take profit: 1.2890
Sell: 1.2743 Take profit: 1.2715
Sell: 1.2712 Take profit: 1.2686
The key levels for the AUD/USD pair are 0.7781, 0.7744, 0.7723, 0.7704, 0.7675, 0.7644, 0.7619, 0.7598 and 0.7581. Following the downward trend of the January 21, we expect the pair to continue its decline after breaking through the level of 0.7675, with the first target of 0.7644. The breakdown of which, in turn, will lead us to the next level - 0.7619. There is consolidation near this level. The final potential downward target is the level of 0.7581. Upon reaching which, price consolidation and upward pullback are possible.
In turn, short-term growth is expected in the range of 0.7704 - 0.7723. If the last value is broken, a deep correction will occur, with the target of 0.7744. This is the key support level for the decline.
The main trend is the downward trend from January 21
Trading recommendations:
Buy: 0.7705 Take profit: 0.7722
Buy: 0.7724 Take profit: 0.7743
Sell: 0.7673 Take profit: 0.7645
Sell: 0.7643 Take profit: 0.7620
The key levels for the EUR/JPY pair are 127.01, 126.85. 126.57, 126.44, 126.16, 126.02, 125.73. 125.59 and 125.45. Following the development of the upward trend from January 18, it can be seen that the price is in a correction. A short-term growth is expected in the range of 126.02 - 126.16. If the last value is broken, strong growth can be considered, with the target of 126.44. Another temporary growth in the range of 126.44 - 126.57 will follow, associated with a price consolidation. If the last value breaks down, strong growth will continue towards the target of 126.85. The ultimate upward target is 127.01. Once this level is reached, a downward pullback can be expected.
A short-term decline is possible in the range of 125.73 - 125.59. If the last value is broken, it will lead to a deep correction. The target is 125.45, which is the key upward support level.
The main trend is the bullish trend from January 18, correction stage
Trading recommendations:
Buy: 126.02 Take profit: 126.14
Buy: 126.17 Take profit: 126.44
Sell: 125.73 Take profit: 125.60
Sell: 125.57 Take profit: 125.47
The key levels for the GBP/JPY pair are 143.62, 143.19, 142.72, 142.56, 142.24, 141.70, 141.37 and 141.03. Following the development of the upward initial conditions from January 18, the pair is expected to continue rising after the level of 142.24 is broken. In this case, the target is 142.56 and price consolidation is near this level. The price overcoming the noise range of 142.56 - 142.75 will lead to the continuation of a strong growth, with a target of 143.19. The final target is the level of 143.62. Once this level is reached, price consolidation and downward pullback will occur.
Short-term decline, in turn, is possible in the range of 141.70 - 141.37. If the last level is broken, a deep correction will occur, with a target of 141.03. This is the key support level for growth.
The main trend is the upward initial conditions of January 18
Trading recommendations:
Buy: 142.24 Take profit: 142.56
Buy: 142.75 Take profit: 143.19
Sell: Take profit:
Sell: 141.35 Take profit: 141.03
