25.06.201903:48 Forex Analysis & Reviews: Fractal analysis of major currency pairs for June 25

Forecast for June 25:

Analytical review of H1-scale currency pairs:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. The continuation of the movement to the top is expected after the passage of the price of the noise range 1.1388 - 1.1404. In this case, the target is 1.1428, wherein consolidation is near this level. For the potential value for the top, we consider the level of 1.1452. After reaching which, we expect a departure to the correction.

Short-term downward movement is possible in the range of 1.1353 - 1.1334. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1305. This level is a key support for the top.

The main trend is the ascending structure of June 18.

Trading recommendations:

Buy 1.1405 Take profit: 1.1428

Buy 1.1430 Take profit: 1.1452

Sell: 1.1353 Take profit: 1.1335

Sell: 1.1332 Take profit: 1.1305

For the pound / dollar pair, the key levels on the H1 scale are: 1.2906, 1.2842, 1.2798, 1.2713, 1.2688, 1.2636 and 1.2608. Here, we are following the development of the ascending structure of June 18. At the moment, we expect a movement to the level of 1.2798. Short-term upward movement is possible in the range 1.2798 - 1.2842. The breakdown of the latter value will lead to movement to the potential target - 1.2906. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is expected in the range of 1.2713 - 1.2688. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2636. The range of 1.2636 - 1.2608 is a key support for the top.

The main trend is the ascending structure of June 18.

Trading recommendations:

Buy: 1.2798 Take profit: 1.2840

Buy: 1.2844 Take profit: 1.2904

Sell: 1.2713 Take profit: 1.2688

Sell: 1.2685 Take profit: 1.2636

For the dollar / franc pair, the key levels on the H1 scale are: 0.9847, 0.9824, 0.9769, 0.9738, 0.9688 and 0.9651. Here, we are following the development of the downward cycle of June 19th. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9688. Here, the potential target is 0.9651. From the range of 0.9688 - 0.9651, we expect to go to the correction zone.

Short-term upward trend is possible in the range of 0.9738 - 0.9769. The breakdown of the latter value will lead to the development of a protracted correction. Here, the goal is 0.9824. The range 0.9824 - 0.9847 is a key support for the downward structure. Before it, we expect the initial conditions for the upward cycle.

The main trend is the downward cycle of June 19.

Trading recommendations:

Buy : 0.9738 Take profit: 0.9767

Buy : 0.9773 Take profit: 0.9824

Sell: 0.9686 Take profit: 0.9653

For the dollar / yen pair, the key levels on the scale are : 108.12, 107.77, 107.54, 107.08, 106.65 and 106.35. Here, the downward structure of June 17 is considered as a medium-term initial conditions. The continuation of the movement to the bottom is expected after the breakdown of the level of 107.08. Here, the goal is 106.65. For the potential value for the bottom, we still consider the level of 106.35. After reaching which, we expect to go into a correction.

Short-term upward movement is possible in the range of 107.54 - 107.77. The breakdown of the last value will lead to a prolonged correction. Here, the potential target is 108.12. This level is a key support for the downward structure.

The main trend: the downward cycle of June 17.

Trading recommendations:

Buy: 107.55 Take profit: 107.76

Buy : 107.78 Take profit: 108.10

Sell: 107.05 Take profit: 106.65

Sell: 106.62 Take profit: 106.37

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3277, 1.3235, 1.3208, 1.3154, 1.3137, 1.3104 and 1.3069. Here, we are following the development of the downward structure of June 18. The continuation of the movement to the bottom is expected after the price passes the noise range 1.3154 - 1.3137. In this case, the target is 1.3104, wherein consolidation is near this level. For the potential value for the bottom, we consider the level of 1.3069. After reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 1.3208 - 1.3235. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3277. This level is a key support for the downward structure.

The main trend - the downward structure of June 18.

Trading recommendations:

Buy: 1.3208 Take profit: 1.3233

Buy : 1.3237 Take profit: 1.3275

Sell: 1.3137 Take profit: 1.3106

Sell: 1.3102 Take profit: 1.3070

For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.7039, 0.7012, 0.6972, 0.6959, 0.6927, 0.6913, 0.6892 and 0.6881. Here, we are following the development of the ascending structure of June 18. The continuation of the movement to the top is expected after the price passes the noise range 0.6959 - 0.6972. In this case, the target is 0.7012, wherein consolidation is near this level. For the potential value for the top, we consider the level of 0.7039. After reaching which, we expect a consolidation, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.6927 - 0.6913. The breakdown of the last value will lead to a prolonged correction. Here, the target is 0.6892. The range of 0.6892 - 0.6881 is a key support for the top.

The main trend is the upward structure on June 18.

Trading recommendations:

Buy: 0.6972 Take profit: 0.7012

Buy: 0.7014 Take profit: 0.7036

Sell : 0.6927 Take profit : 0.6914

Sell: 0.6910 Take profit: 0.6892

For the euro / yen pair, the key levels on the H1 scale are: 123.27, 122.97, 122.53, 122.36, 121.97, 121.78 and 121.52. Here, we are following the formation of the ascending structure of June 21. The continuation of the movement to the top is expected after passing by the price of the noise range 122.36 - 122.53. In this case, the goal is 122.97, wherein consolidation is near this level. For the potential value for the top, we consider the level of 123.27. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is expected in the range of 121.97 - 121.78. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 121.52. This level is a key support for the upward structure.

The main trend - the formation of potential for the top of June 21.

Trading recommendations:

Buy: 122.36 Take profit: 122.50

Buy: 122.56 Take profit: 122.95

Sell: 121.97 Take profit: 121.80

Sell: 121.76 Take profit: 121.52

For the pound / yen pair, the key levels on the H1 scale are : 138.04, 137.60, 137.30, 136.92, 136.40, 136.18, 135.77 and 135.32. Here, we continue to monitor the formation of the potential for the top of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 136.92. In this case, the goal is 137.30. A short-term upward movement is in the range of 137.30 – 137.60, as well as consolidation. For the potential value for the top, we consider the level of 138.04. The movement to which is expected after the breakdown of the level of 137.60.

Consolidated movement is possible in the range of 136.40 - 136.18. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 135.77. This level is a key support for the top. Its price passage will count on movement towards the first goal for the downward movement - 135.32.

The main trend - the formation of potential for the top of June 18.

Trading recommendations:

Buy: 136.92 Take profit: 137.30

Buy: 137.32 Take profit: 137.60

Sell: 136.18 Take profit: 135.85

Sell: 135.75 Take profit: 135.33