25.04.201908:22 Forex Analysis & Reviews: Fractal analysis of major currency pairs for April 25

Dear colleagues.

For the currency pair Euro/Dollar, the potential value for the downward movement is the level of 1.1100 and the level of 1.1175 is the key support. For the currency pair Pound/Dollar, the subsequent targets for the downward movement were determined from the local structure on April 23. For the currency pair Dollar/Franc, the continuation of the upward movement is expected after the breakdown of 1.0225 and the downward movement is considered as a correction. For the currency pair Dollar/Yen, we monitor the formation of potential initial conditions for the upward cycle of April 24. For the currency pair Euro/Yen, the continuation of the development of the downward cycle of April 17 is expected after the breakdown of 124.80 and the level of 125.47 is the key support. For the currency pair Pound/Yen, the continuation of the main trend is expected after the breakdown of 144.28 and the level of 145.16 is the key support.

Forecast for April 25:

Analytical review of H1-scale currency pairs:

For the currency pair Euro/Dollar, the key levels on the H1 scale are 1.1200, 1.1175, 1.1162, 1.1137, 1.1113 and 1.1100. We follow the local downward structure of April 22. The continuation of the movement towards the bottom is expected after the breakdown of 1.1137. In this case, the potential target is 1.1100 and in the area of 1.1113 – 1.1100 is price consolidation, and also from here, we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.1162 – 1.1175 and the breakdown of the last value will lead to a prolonged correction. The target is 1.1200 and this level is the key support for the downward structure.

The main trend is the local structure of April 22.

Trading recommendations:

Buy 1.1162 Take profit: 1.1175

Buy 1.1177 Take profit: 1.1200

Sell: 1.1136 Take profit: 1.1100

Sell: Take profit:

For the currency pair Pound/Dollar, the key levels on the H1 scale are 1.2966, 1.2940, 1.2924, 1.2891, 1.2870, 1.2831 and 1.2805. The subsequent targets were determined from local initial conditions on April 23. The short-term downward movement is expected in the area of 1.2891 – 1.2870 and the breakdown of the last value should be accompanied by a pronounced movement. The target is 1.2831. The potential value for the bottom is the level of 1.2805, upon reaching which, we expect a rollback to the top.

The short-term upward movement is expected in the area of 1.2924 – 1.2940 and the breakdown of the last value will lead to an in-depth correction. The goal is 1.2966 and this level is the key support for the downward structure.

The main trend is a local downward structure of April 23.

Trading recommendations:

Buy: 1.2940 Take profit: 1.296

Buy: 1.2968 Take profit: 1.3016

Sell: 1.2890 Take profit: 1.2871

Sell: 1.2869 Take profit: 1.2831

For the currency pair Dollar/Franc, the key levels on the H1 scale are 1.0286, 1.0257, 1.0225, 1.0193, 1.0176 and 1.0146. We continue to follow the development of the upward structure from April 12. The continuation of the upward movement is expected after the breakdown of 1.0225. In this case, the goal is 1.0257 and consolidation is near this level, hence the probability of a turn to the bottom is high. The potential value for the top is the level of 1.0286, upon reaching which, we expect a correction.

The short-term downward movement is possible in the area of 1.0193 – 1.0176 and the breakdown of the last value will lead to a prolonged correction. The target is 1.0146 and this level is the key support for the top.

The main trend is the upward cycle of April 12.

Trading recommendations:

Buy: 1.0225 Take profit: 1.0255

Buy: 1.0258 Take profit: 1.0286

Sell: 1.0193 Take profit: 1.0176

Sell: 1.0174 Take profit: 1.0146

For the currency pair Dollar/Yen, the key levels on the H1 scale are 112.57, 112.39, 112.11, 111.83, 111.74, 111.61 and 111.44. We follow the formation of a local upward structure from April 24th. The continuation of the upward movement is expected after the breakdown of 112.11. In this case, the first goal is 112.39. The potential value for the top is the level of 112.57, upon reaching which, we expect consolidation.

The short-term downward movement is expected in the range of 111.83 – 111.74, this area is key support for the upward structure. Its price passage will have to form a downward trend. In this case, the first potential target is 111.61, near this level, is the consolidation. The potential value for the bottom is the level of 111.44.

The main trend is the formation of the upward structure of April 14.

Trading recommendations:

Buy: 112.12 Take profit: 112.35

Buy: 112.39 Take profit: 112.55

Sell: 111.83 Take profit: 111.74

Sell: 111.72 Take profit: 111.61

For the currency pair Canadian Dollar/Dollar, the key levels on the H1 scale are 1.3585, 1.3558, 1.3516, 1.3496, 1.3469, 1.3442, 1.3407 and 1.3370. We continue to follow the development of the upward cycle of April 17. The continuation of the upward movement is expected after the passage by the price of the range of 1.3496 – 1.3516. In this case, the goal is 1.3558. We consider the level of 1.3585 to be a potential value for the top. Upon reaching this level, we expect consolidation, as well as a rollback to the bottom.

The short-term downward movement is possible in the area of 1.3469 – 1.3442 and the breakdown of the last value will lead to an in-depth correction. The goal is 1.3407 and this level is the key support for the top. Its breakdown will have to form the initial conditions for the downward cycle. In this case, the goal is 1.3370.

The main trend is the rising structure of April 17.

Trading recommendations:

Buy: 1.3516 Take profit: 1.3555

Buy: 1.3558 Take profit: 1.3585

Sell: 1.3469 Take profit: 1.3444

Sell: 1.3440 Take profit: 1.3410

For the currency pair Australian Dollar/Dollar, the key levels on the H1 scale are 0.7064, 0.7040, 0.7024, 0.7003, 0.6991 and 0.6967. We continue to follow the development of the downward structure of April 17. The continuation of the downward movement is expected after the price passes the range of 0.7003 – 0.6991. In this case, the potential target is 0.6967, from this level, we expect a rollback to the top.

The short-term upward movement is possible in the range of 0.7024 – 0.7040 and the breakdown of the last value will lead to a deep correction. The goal is 0.7064 and this level is the key support for the downward structure.

The main trend is the downward cycle of April 17.

Trading recommendations:

Buy: 0.7024 Take profit: 0.7040

Buy: 0.7042 Take profit: 0.7064

Sell: Take profit:

Sell: 0.6990 Take profit: 0.6967

For the currency pair Euro/Yen, the key levels on the H1 scale are 125.74, 125.47, 125.27, 124.80, 124.48, 124.05 and 123.82. We follow the development of the downward structure from April 17th. The continuation of the downward movement is expected after the breakdown of 124.80. In this case, the goal is 124.48 and consolidation is near this level. The breakdown of the level of 124.48 should be accompanied by a pronounced downward movement. The goal is 124.05. We consider the level of 123.82 as a potential value for the bottom, upon reaching which, we expect a rollback to the top.

The short-term upward movement is possible in the area of 125.27 – 125.47 and the breakdown of the last value will lead to a prolonged correction. In this case, the goal is 125.74 and this level is the key support for the bottom. Its price passage will have to form the initial conditions for the upward cycle. The potential target – 126.12.

The main trend is the downward structure of April 17.

Trading recommendations:

Buy: 125.27 Take profit: 125.45

Buy: 125.50 Take profit: 125.74

Sell: 124.80 Take profit: 124.50

Sell: 124.45 Take profit: 124.10

For the currency pair Pound/Yen, the key levels on the H1 scale are 145.69, 145.53, 145.16, 144.87, 144.51, 144.28, 143.80 and 143.41. We continue to follow the development of the downward structure of April 15. The short-term downward movement is expected in the range of 144.51 – 144.28 and the breakdown of the latter value will lead to the movement to the level of 143.80, consolidation is near this level. We consider the level of 143.41 as a potential value for the bottom, from this level, we expect a rollback to the top.

The short-term upward movement is possible in the area of 144.87 – 145.16 and the breakdown of the latter value will lead to a prolonged correction. The target is 145.53 and the range of 145.53 – 145.69. Before it, we expect the potential for the upward structure.

The main trend is the development of the downward cycle of April 15.

Trading recommendations:

Buy: 144.88 Take profit: 145.14

Buy: 145.18 Take profit: 145.53

Sell: 144.51 Take profit: 144.30

Sell: 144.26 Take profit: 143.90