03.04.201903:20 Forex Analysis & Reviews: Fractal analysis of major currency pairs on April 3

Forecast for April 3:

Analytical review of H1-scale currency pairs:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1318, 1.1285, 1.1265, 1.1238, 1.1203, 1.1180 and 1.1134. Here, we continue to follow the development of the downward structure of March 20. Short-term movement to the bottom is expected in the range of 1.1203 - 1.1180. We consider the level of 1.1134 to be a potential value for the bottom. After reaching this level, we expect a rollback to the top.

Care in the correction is expected after the breakdown of the level of 1.1238. Here, the first goal is 1.1265. Short-term upward movement is possible in the range of 1.1265 - 1.1285. The breakdown of the latter value will have to form the initial conditions for the upward cycle. Here, the potential target is 1.1318.

The main trend is the downward structure of March 20.

Trading recommendations:

Buy 1.1238 Take profit: 1.1265

Buy 1.1287 Take profit: 1.1318

Sell: 1.1203 Take profit: 1.1181

Sell: 1.1178 Take profit: 1.1135

For the pound / dollar pair, the key levels on the H1 scale are: 1.3271, 1.3153, 1.3051, 1.2984, 1.2948, 1.2892, 1.2859 and 1.2797. Here, the price entered an equilibrium state: the downward structure of March 27 and the formation of potential for the top of March 29. Continuation of the movement to the bottom is expected after the breakdown of the level of 1.3051. In this case, the first target is 1.2984. The passage at the price of the noise range 1.2984 - 1.2948 will lead to the development of the downward structure from March 27. Here, the target is 1.2892. Meanwhile, in the range of 1.2892 - 1.2859, there is a price consolidation. For the potential value for the bottom, we consider the level of 1.2797. After reaching which, we expect a rollback to the top.

The development of the ascending structure of March 29 is expected after the breakdown of 1.3153. In this case, the potential target is 1.3271, and consolidation is near this level.

The main trend is the equilibrium state.

Trading recommendations:

Buy: 1.3155 Take profit: 1.3265

Buy: Take profit:

Sell: 1.3050 Take profit: 1.2985

Sell: 1.2946 Take profit: 1.2892

For the dollar / franc pair, the key levels on the H1 scale are: 1.0065, 1.0040, 1.0023, 0.9996, 0.9975, 0.9961 and 0.9938. Here, we are following the development of the ascending structure of March 27. Continuation of the movement to the top is expected after the breakdown of the level of 0.9996. In this case, the goal is 1.0023. Meanwhile, in the range of 1.0023 - 1.0040, there is a short-term upward movement, as well as consolidation.

For the potential value for the top, we consider the level of 1.0065. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.9975 - 0.9961. The breakdown of the last value will lead to a prolonged correction. Here, the target is 0.9938. This level is a key support for the top.

The main trend - the ascending structure of March 27.

Trading recommendations:

Buy: 0.9998 Take profit: 1.0020

Buy : 1.0025 Take profit: 1.0038

Sell: 0.9975 Take profit: 0.9964

Sell: 0.9958 Take profit: 0.9942

For the dollar / yen pair, the key levels on the scale are : 112.69, 112.26 , 112.05, 111.69, 111.45, 111.19, 111.00 and 110.67. Here, we are following the development of the ascending structure of March 25. Short-term upward movement is expected in the range of 111.45 - 111.69. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the goal is 112.05, while in the range of 112.05 - 112.26, there is a consolidation. For the potential value for the top, we consider the level of 112.69, after reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 111.19 - 111.00. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 110.67. This level is a key support for the upward structure.

The main trend: the ascending structure of March 25.

Trading recommendations:

Buy: 111.47 Take profit: 111.66

Buy: 111.72 Take profit: 112.05

Sell: 111.19 Take profit: 111.03

Sell: 110.98 Take profit: 110.70

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3381, 1.3349, 1.3329, 1.3300, 1.3257, 1.3229 and 1.3189. Here, we continue to follow the development of the downward structure of March 28. At the moment, the price is in the correction zone. Continuation of the movement to the bottom as an impulse is expected after the breakdown 1.3300. In this case, the target is 1.3257. Meanwhile, in the range of 1.3257 - 1.3229, there is a short-term downward movement, as well as consolidation. For the potential value for the bottom, we consider the level of 1.3189. After reaching this level, we expect a rollback to the top.

Consolidated movement is possible in the range of 1.3329 - 1.3349. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3381. This level is a key support for the downward structure of March 28.

The main trend is the downward structure of March 28, the stage of correction.

Trading recommendations:

Buy: Take profit:

Buy : 1.3351 Take profit: 1.3380

Sell: 1.3300 Take profit: 1.3260

Sell: 1.3255 Take profit: 1.3230

For the pair Australian dollar / US dollar key levels on the H1 scale are : 0.7131, 0.7096, 0.7081, 0.7048, 0.7037, 0.7011, 0.6994 and 0.6969. Here, the price has issued a local structure for the bottom of April 1. Continuation of the movement to the bottom is expected after the price passes the noise range 0.7048 - 0.7037. In this case, the target is 0.7011. Meanwhile, in the range of 0.7011 - 0.6994, there is a short-term downward movement, as well as consolidation. For the potential value for the bottom, we consider the level of 0.6969. After reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 0.7081 - 0.7096. The breakdown of the latter value will have to form an upward structure. Here, the potential target is 0.7131.

The main trend is the local structure for the bottom of April 1.

Trading recommendations:

Buy: 0.7081 Take profit: 0.7094

Buy: 0.7098 Take profit: 0.7130

Sell : 0.7037 Take profit : 0.7011

Sell: 0.7008 Take profit: 0.6996

For the euro / yen pair, the key levels on the H1 scale are: 125.93, 125.43, 125.01, 124.39, 124.06, 123.59 and 123.03. Here, we are following the formation of the ascending structure of March 28. Continuation of the movement to the top is expected after the breakdown of the level of 125.01. In this case, the goal is 125.43, and consolidation is near this level. We are waiting for clearance of the expressed initial conditions for the upward cycle. For the potential value for the top, we consider the level of 125.93.

Short-term downward movement is possible in the range of 124.39 - 124.06. The breakdown of the latter value will have to the development of the downward movement and here, the first goal is 123.59.

The main trend is the formation of the ascending structure of March 28.

Trading recommendations:

Buy: 125.01 Take profit: 125.40

Buy: 125.50 Take profit: 125.90

Sell: 124.39 Take profit: 124.10

Sell: 124.00 Take profit: 123.70

For the pound / yen pair, key levels on the H1 scale are : 148.20, 147.24, 146.51, 145.17, 144.76, 144.29 and 143.83. Here, we continue to monitor the formation of the ascending structure of March 29. Continuation of the movement to the top is expected after the breakdown of 146.51. In this case, the goal is 147.24, while near this level price consolidation. For the potential value for the top, we consider the level of 148.20, from which we expect a rollback.

Short-term downward movement is possible in the range of 145.17 - 144.76. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 144.29. This level is a key support for the upward structure.

The main trend is the formation of the ascending structure of March 29.

Trading recommendations:

Buy: 146.51 Take profit: 147.20

Buy: 147.30 Take profit: 148.20

Sell: 145.17 Take profit: 144.78

Sell: 144.73 Take profit: 144.32