Trading Conditions
Products
Tools
Forecast for March 26:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1133, 1.1068, 1.0988, 1.0942, 1.0870, 1.0825 and 1.0764. Here, we are following the development of the ascending structure of March 20. Short-term upward movement is expected in the range of 1.0942 - 1.0988. The breakdown of the last value will lead to a pronounced movement. Here, the target is 1.1068. For the potential value for the top, we consider the level of 1.1133. Upon reaching which, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 1.0870 - 1.0825. The breakdown of the last value will lead to an in-depth correction. Here, the potential target is 1.0764. This level is a key support for the top.
The main trend is the upward structure of March 20
Trading recommendations:
Buy: 1.0942 Take profit: 1.0986
Buy: 1.0990 Take profit: 1.1068
Sell: 1.0870 Take profit: 1.0825
Sell: 1.0820 Take profit: 1.0766
For the pound / dollar pair, the key levels on the H1 scale are: 1.2378, 1.2261, 1.2078, 1.1920, 1.1521 and 1.1399. Here, we are following the formation of the initial conditions for the upward cycle of March 19. The continuation of the movement to the top is expected after the breakdown of the level of 1.1920. In this case, the target is 1.2078. price consolidation near this level. Price consolidation is near this level. The breakdown of the level of 1.2080 will lead to a pronounced movement. In this case, the target is 1.2261. For the potential value for the top, we consider the level of 1.2378, upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is expected in the range of 1.1521 - 1.1399.
The main trend is the formation of initial conditions for the top of March 19
Trading recommendations:
Buy: 1.1920 Take profit: 1.2076
Buy: 1.2080 Take profit: 1.2260
Sell: 1.1520 Take profit: 1.1400
Sell: Take profit:
For the dollar / franc pair, the key levels on the H1 scale are: 1.0023, 0.9914, 0.9843, 0.9739, 0.9682 and 0.9579. Here, we are following the formation of the descending structure of March 20. Short-term downward movement is possibly in the range of 0.9739 - 0.9682. The breakdown of the latter value will lead to an in-depth correction. Here, the goal is 0.9579. We expect the expressed initial conditions to formulate for the downward cycle to this level.
The continuation of the movement to the top is expected after the breakdown of the level of 0.9843. In this case, the target is 0.9914. Price consolidation is near this level. For the potential value for the top, we consider the level of 1.0023. Upon reaching which, we expect a pullback to the bottom.
The main trend is the formation of the downward structure of March 20
Trading recommendations:
Buy : 0.9845 Take profit: 0.9914
Buy : 0.9916 Take profit: 1.0020
Sell: 0.9739 Take profit: 0.9682
Sell: 0.9680 Take profit: 0.9580
For the dollar / yen pair, the key levels on the scale are : 112.85, 111.11, 110.31, 108.80. 108.00 and 106.60. Here, we are following the development of the upward cycle of March 9. Short-term upward movement is expected in the range of 110.31 - 111.11. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the potential target is 112.85. When this level is reached, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 108.80 - 108.00. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 106.60. This level is a key support for the top.
Main trend: upward cycle of March 9
Trading recommendations:
Buy: 110.31 Take profit: 111.10
Buy : 111.20 Take profit: 112.85
Sell: 108.80 Take profit: 108.00
Sell: 107.98 Take profit: 106.60
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.4472, 1.4360, 1.4281, 1.4119, 1.3956, 1.3747 and 1.3615. Here, we are following the formation of the descending structure of March 19. The continuation of movement to the bottom is expected after the breakdown of the level of 1.4119. Here, the first goal is 1.3956. The breakdown of the level of 1.3956 will lead to a pronounced movement. Here, the target is 1.3747. For the potential value for the bottom, we consider the level of 1.3615. Upon reaching which, we expect consolidation, as well as a rollback to the top.
Short-term upward movement is possibly in the range of 1.4478 - 1.4552. The breakdown of the latter value will lead to the formation of an upward structure. Here, the potential target is 1.4672. This level is a key support for the downward structure.
The main trend is the descending structure of March 19.
Trading recommendations:
Buy: 1.4281 Take profit: 1.4360
Buy : 1.4362 Take profit: 1.4472
Sell: 1.4119 Take profit: 1.3960
Sell: 1.3954 Take profit: 1.3750
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6352, 0.6241, 0.6031, 0.5831, 0.5735, 0.5620 and 0.5517. Here, we are following the formation of potential for the top of March 19. The continuation of the movement to the top is expected after the breakdown of the level of 0.6031. In this case, the target is 0.6241. We expect the formation of large initial conditions ro the level of 0.6352. Short-term upward movement, as well as consolidation is in the range of 0.6241 - 0.6352.
Consolidated movement is possibly in the range of 0.5831 - 0.5735. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.5620. This level is a key support for the top. Its passage at the price will lead to the development of a downward movement. In this case, the first target is 0.5517.
The main trend is the formation of potential for the top of March 19
Trading recommendations:
Buy: 0.6031 Take profit: 0.6240
Buy: 0.6243 Take profit: 0.6350
Sell : 0.5733 Take profit : 0.5620
Sell: 0.5618 Take profit: 0.5517
For the euro / yen pair, the key levels on the H1 scale are: 124.47, 123.42, 121.83, 120.62, 119.35, 118.66, 117.73 and 116.27. Here, we are following the development of the ascending structure of March 12. Short-term upward movement is expected in the range of 120.62 - 121.83. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 123.42. For the potential value for the top, we consider the level of 124.47. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is possibly in the range of 119.35 - 118.66. The breakdown of the latter value will lead to an in-depth correction. Here, the goal is 117.73. This level is a key support for the top.
The main trend is the upward structure of March 12
Trading recommendations:
Buy: 120.62 Take profit: 121.80
Buy: 121.85 Take profit: 123.40
Sell: 119.35 Take profit: 118.70
Sell: 118.62 Take profit: 117.75
For the pound / yen pair, the key levels on the H1 scale are : 138.12, 134.93, 133.59, 131.58, 128.96, 127.47, 125.56 and 124.22. Here, we are following the formation of the initial conditions for the top of March 18. The continuation of the development of the upward trend is expected after the breakdown of the level of 131.58. In this case, the target is 133.59. Price consolidation is in the range of 133.59 - 134.93. For the potential value for the top, we consider the level 138.12. Upon reaching which, we expect a rollback to the correction.
Consolidated movement is possibly in the range of 128.96 - 127.47. The breakdown of the last value will lead to in-depth movement. Here, the target is 125.56. This level is a key support for the upward structure. Its passage at the price will lead to the development of a downward movement. In this case, the first goal is 124.22.
The main trend is the formation of initial conditions for the top of March 18
Trading recommendations:
Buy: 131.60 Take profit: 133.55
Buy: 133.60 Take profit: 134.90
Sell: 128.94 Take profit: 127.50
Sell: 127.44 Take profit: 125.60
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.