27.07.202009:27 Forex Analysis & Reviews: Fractal analysis of main currency pairs on July 27th

Forecast for July 27:

Analytical overview of currency pairs on the H1 scale:

The key levels for the euro / dollar pair on the H1 scale are: 1.1756, 1.1723, 1.1662, 1.1619, 1.1564 and 1.1539. Here, the price is near the limit values for the upward cycle from July 10. In this connection, we expect to move into the correction zone. A short-term upward movement is possible in the range of 1.1723 - 1.1756. We expect a key reversal from here. The level of 1.1662 is a key resistance for the development of a corrective movement and its breakdown will lead to a movement to the level of 1.1619. For the potential value for the bottom, we consider the level of 1.1564, to which we expect the initial conditions for the downward cycle to form.

The main trend is the upward structure from July 10

Trading recommendations:

Buy: 1.1724 Take profit: 1.1754

Buy: Take profit:

Sell: 1.1662 Take profit: 1.1620

Sell: 1.1617 Take profit: 1.1566

The key levels for the pound / dollar pair on the H1 scale are: 1.2994, 1.2916, 1.2878, 1.2783, 1.2750 and 1.2709. Here, we continue to follow the upward structure of July 14. A short-term upward movement is expected in the range of 1.2878 - 1.2916. We consider the level of 1.2994 as a potential value for the top. Upon reaching which, we expect consolidation as well as a downward pullback.

A short-term downward movement is possible in the range of 1.2783 - 1.2750. The breakdown of the last value will lead to a deep correction. Here, the target is 1.2709. This is a key support level for the top.

The main trend is the upward cycle from July 14.

Trading recommendations:

Buy: 1.2878 Take profit: 1.2814

Buy: 1.2818 Take profit: 1.2990

Sell: 1.2783 Take profit: 1.2751

Sell: 1.2749 Take profit: 1.2710

The key levels for the dollar / franc pair on the H1 scale are: 0.9260, 0.9214, 0.9194, 0.9162, 0.9128 and 0.9089. Here, we are following the development of the July 16 downward cycle. A short-term downward movement is expected in the range 0.9162 - 0.9128, hence, there is a high probability of an upward reversal. For the potential value for the bottom, we consider the level of 0.9089. Upon reaching which, we expect a pullback.

A short-term upward movement is possible in the range of 0.9194 - 0.9214. The breakdown of the last level will lead to a deep correction. Here, the target is 0.9260. We expect the initial conditions for an upward cycle to be formed before this level.

The main trend is the descending structure from July 16

Trading recommendations:

Buy : 0.9194 Take profit: 0.9212

Buy : 0.9215 Take profit: 0.9255

Sell: 0.9161 Take profit: 0.9132

Sell: 0.9126 Take profit: 0.9090

The key levels for the dollar / yen pair on the scale are: 106.38, 106.04, 105.81, 105.52, 105.33, 104.98 and 104.72. Here, we are following the development of the downward structure from July 20. The continuation of the downward movement is expected after the price passes the noise range 105.52 - 105.33. In this case, the target is 104.98. For the potential value for the bottom, we consider the level 104.72. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 105.81 - 106.04. The breakdown of the last level will lead to a deep correction. Here, the target is 106.38. This is a key support level for the bottom.

The main trend is the downward structure from July 20

Trading recommendations:

Buy: 105.81 Take profit: 106.02

Buy : 106.06 Take profit: 106.36

Sell: 105.33 Take profit: 105.00

Sell: 104.96 Take profit: 104.74

The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3539, 1.3517, 1.3468, 1.3437, 1.3395, 1.3358, 1.3303, 1.3274 and 1.3211. Here, we are following the downward structure from July 14th. A consolidated movement is expected in the range of 1.3395 - 1.3358. The breakdown of the last value will lead to movement to the level of 1.3303. Price consolidation is in the range of 1.3303 - 1.3274. We consider the level of 1.3211 as a potential value for the bottom; upon reaching this level, we expect an upward pullback.

A short-term upward movement is possible in the range of 1.3437 - 1.3468. The breakdown of the last value will lead to a deep correction. Here, the target is 1.3517. The range of 1.3517- 1.3539 is the key support for the downward structure.

The main trend is the descending structure from July 14

Trading recommendations:

Buy: 1.3437 Take profit: 1.3466

Buy : 1.3469 Take profit: 1.3517

Sell: 1.3495 Take profit: 1.3360

Sell: 1.3357 Take profit: 1.3303

The key levels for the Australian dollar / dollar pair on the H1 scale are : 0.7222, 0.7178, 0.7149, 0.7128, 0.7084, 0.7057, 0.7018, 0.6994 and 0.6959. Here we are watching the upward structure from July 14. At the current moment, the price is in correction and is forming a potential for a downward movement from July 22. A short-term downward movement is expected in the range of 0.7084 - 0.7057. The breakdown of the last value will lead to a pronounced movement. Here, the target is 0.7018. There is a short-term downward movement, as well as consolidation in the range of 0.7018 - 0.6994. For the potential value for the bottom, we consider the level of 0.6959. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 0.7128 - 0.7149. The breakdown of the last level will favor the development of an upward structure. In this case, the first target is 0.7178. We consider the level 0.7222 as a potential value for the top. Upon reaching which, we expect consolidation, as well as a downward pullback.

The main trend is the local upward structure of July 14, the stage of correction

Trading recommendations:

Buy: 0.7128 Take profit: 0.7149

Buy: 0.7151 Take profit: 0.7178

Sell : 0.7084 Take profit : 0.7060

Sell: 0.7055 Take profit: 0.7018

The key levels for the euro / yen pair on the H1 scale are: 125.37, 124.66, 124.26, 123.67, 123.21, 122.56 and 122.26. Here, we are following the July 10 upward structure. At the moment, the price is in correction and is forming a potential for the July 22 low. A short-term upward movement is expected in the range of 124.26 - 124.66. The breakdown of the last level will allow us to count on a movement to a potential target - 125.37. Upon reaching this level, we expect a downward pullback.

A short-term downward movement, as well as consolidation, are possible in the range of 123.67 - 123.21. The breakdown of the last value will lead to a deep correction. Here, the target is 122.56. The range of 122.56 - 122.26 is the key support for the upside.

The main trend is the upward structure from July 10

Trading recommendations:

Buy: 124.26 Take profit: 124.66

Buy: 124.70 Take profit: 125.35

Sell: 123.65 Take profit: 123.25

Sell: 123.18 Take profit: 122.60

The key levels for the pound / yen pair on the H1 scale are : 138.41, 137.73, 137.25, 136.55, 136.04, 135.48, 135.18 and 134.75. Here, we are following the upward structure from July 17. At the moment, the price is in the correction area. A short-term upward movement is expected in the range of 136.04 - 136.55. The breakdown of the last value should be accompanied by a pronounced upward movement. In this case, the target is 137.25. There is a short-term upward movement in the range of 137.25 - 137.73. For the potential value for the top, we consider the level of 138.41. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is expected in the range of 135.48 - 135.18. The breakdown of the last level will lead to a deep correction. Here, the target is 134.75. This is a key support level for the top.

The main trend is the upward structure from July 17

Trading recommendations:

Buy: 136.05 Take profit: 136.55

Buy: 136.60 Take profit: 137.25

Sell: 135.16 Take profit: 134.80

Sell: 134.75 Take profit: 134.10