Dear colleagues.
For the currency pair Euro / Dollar, we expect further downward movement after passing by the price of the range of 1.1375 - 1.1358 and we consider the upward movement as a correction. For the currency pair Pound / Dollar, the price has issued a local structure for the top of January 15 and the development of which is expected after the breakdown of 1.2905. For the currency pair Dollar / Franc, the upward cycle development from January 10 is expected to continue after the price passes the range of 0.9930 - 0.9951. For the currency pair Dollar / Yen, we are currently following the development of the upward structure from January 10 and the level of 108.21 is the key support. For the currency pair Euro / Yen, the upward movement is expected after the breakdown of 125.15 and the level of 123.05 is the key support. For the currency pair Pound / Yen, the price has set the local structure on January 15 and the development of which is expected after the breakdown of 141.05.
Forecast for January 17:
Analytical review of H1-scale currency pairs:
For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1496, 1.1428, 1.1404, 1.1376, 1.1358, 1.1321 and 1.1291. Here, we continue to follow the development of the downward cycle of January 10. We expect the downward movement to continue after the price passes the range of 1.1376 - 1.1358. In this case, the target is 1.1321. The potential value for the bottom is considered the level of 1.1291, upon reaching which we expect a rollback to the top.
The consolidated movement is expected in the range of 1.1404 - 1.1428 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.1469 and this level is the key support for the downward structure.
The main trend is the downward cycle of January 10.
Trading recommendations:
Buy 1.1406 Take profit: 1.1426
Buy 1.1430 Take profit: 1.1466
Sell: 1.1358 Take profit: 1.1324
Sell: 1.1320 Take profit: 1.1294
For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3118, 1.3057, 1.2973, 1.2905, 1.2821, 1.2779, 1.2720 and 1.2661. Here, we follow the formation of the local ascending structure of January 15. The continuation of the upward movement is expected after the breakdown of 1.2905. In this case, the goal is 1.2973 and near this level is the price consolidation. The breakdown of the level of 1.2973 should be accompanied by a pronounced upward movement. Here, the target is 1.3057. The potential value for the top is considered the level of 1.3118, after reaching which we expect a rollback downwards.
The short-term downward movement is possible in the range of 1.2821 - 1.2779 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2720 and this level is the key support for the top. Its breakdown will have to form a downward structure. In this case, the potential target is 1.2661.
The main trend is the local structure for the top of January 15.
Trading recommendations:
Buy: 1.2905 Take profit: 1.2970
Buy: 1.2975 Take profit: 1.3055
Sell: 1.2820 Take profit: 1.2780
Sell: 1.2777 Take profit: 1.2724
For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0034, 0.9984, 0.9951, 0.9930, 0.9897, 0.9877 and 0.9848. Here, we continue to follow the development of the ascending cycle of January 10. The short-term upward movement is possible in the range of 0.9930 - 0.9951 and the breakdown of the latter value will allow us to expect to move to the level of 0.9984, near which we expect consolidation. The potential value for the top is considered the level of 1.0034, upon reaching which we expect a rollback downwards.
The short-term downward movement is possible in the range of 0.9897 - 0.9877 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.9848 and this level is the key support for the ascending structure.
The main trend is the ascending structure of January 10.
Trading recommendations:
Buy: 0.9930 Take profit: 0.9950
Buy: 0.9952 Take profit: 0.9982
Sell: 0.9896 Take profit: 0.9878
Sell: 0.9875 Take profit: 0.9850
For the currency pair Dollar / Yen, the key levels on the scale of H1 are 109.74, 109.57, 109.27, 109.08, 108.67, 108.49, 108.21 and 107.76. Here, the next targets for the top are determined from the ascending structure on January 10th. The short-term upward movement is possible in the range of 109.08 - 109.27 and the breakdown of the latter value should be accompanied by a pronounced upward movement to the level 109.57 and in the range of 109.57 - 109.74 is the consolidation.
The short-term downward movement is possible in the range of 108.67 - 108.50 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 108.21 and this level is the key support. Its breakdown will lead to the development of a downward trend. Here, the goal is 107.76.
The main trend is the rising structure of January 10.
Trading recommendations:
Buy: 109.08 Take profit: 109.25
Buy: 109.29 Take profit: 109.56
Sell: 108.49 Take profit: 108.23
Sell: 108.18 Take profit: 107.80
For the currency pair Canadian dollar / Dollar, the key levels on the H1 scale are 1.33.95, 1.3320., 1.3271, 1.3201, 1.3150 and 1.3065. Here, the situation is in equilibrium and in the range of 1.3201 - 1.3150, we expect a short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 1.3065, after reaching which we expect a rollback to the correction.
The short-term upward movement is possible in the range of 1.3271 - 1.3320 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3395 and this level is the key support for the downward structure.
The main trend is the equilibrium state of the structure.
Trading recommendations:
Buy: 1.3271 Take profit: 1.3320
Buy: 1.3330 Take profit: 1.3395
Sell: 1.3201 Take profit: 1.3155
Sell: 1.3145 Take profit: 1.3070
For the currency pair Australian dollar / Dollar, the key levels on the H1 scale are 0.7391, 0.7313, 0.7270, 0.7238, 0.7180, 0.7152 and 0.7113. Here, we are following the ascending structure of January 3. The short-term upward movement is possible in the range of 0.7238 - 0.7270 and the breakdown of the latter value will lead to a movement to the level of 0.7313, near which we expect consolidation. The potential value for the top is considered to be the level of 0.7391 and we expect a movement to this level after the breakdown of 0.7315.
The consolidated movement is possible in the range of 0.7180 - 0.7152 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7113 and this level is the key support for the upward structure.
The main trend is the ascending structure of January 3.
Trading recommendations:
Buy: 0.7238 Take profit: 0.7270
Buy: 0.7273 Take profit: 0.7312
Sell: 0.7180 Take profit: 0.7155
Sell: 0.7150 Take profit: 0.7120
For the currency pair Euro / Yen, the key levels on the H1 scale are 127.22, 126.70, 125.79, 125.15, 123.74 and 123.05. Here, we continue to follow the rising structure of January 3. At the moment, the price is in a deep correction. An upward movement is expected after the breakdown of 125.15. In this case, the target is 125.79 and price consolidation is near this level. The breakdown of 125.80 must be accompanied by a pronounced upward movement. Here, the goal is 126.70. The potential value for the top is considered the level of 127.22, after reaching which we expect a consolidated movement, as well as a rollback to the top.
The short-term downward movement is possible in the range of 123.74 - 123.05 and the breakdown of the latter value will have to form a downward structure. In this case, the potential target is 122.03, up to this level, we expect clearance of expressed initial conditions for the downward cycle.
The main trend is the ascending structure of January 3, the stage of deep correction.
Trading recommendations:
Buy: 125.15 Take profit: 125.76
Buy: 125.82 Take profit: 126.70
Sell: 123.70 Take profit: 123.10
Sell: 123.05 Take profit: 122.10
For the currency pair Pound / Yen, the key levels on the H1 scale are 143.91, 142.82, 142.16, 141.04, 139.49, 138.91, 138.21 and 137.17. Here, we determined the subsequent targets for the top from the local ascending structure on January 15th. An upward movement is expected after the breakdown of 141.04. In this case, the target is 142.16 and in the range of 142.16 - 142.82 is the price consolidation. The potential value for the top is considered the level of 143.91, upon reaching which we expect a rollback downwards.
The short-term downward movement is possible in the range of 139.49 - 138.91 and the breakdown of the latter value will lead to an in-depth correction. Here, the goal is 138.21 and this level is the key support for the top. Its breakdown will have a downward trend. In this case, the goal is 137.17.
The main trend is the local ascending structure of January 15.
Trading recommendations:
Buy: 141.05 Take profit: 142.05
Buy: 142.16 Take profit: 142.80
Sell: 139.45 Take profit: 138.93
Sell: 138.89 Take profit: 138.25
