27.04.202009:29 Forex Analysis & Reviews: Fractal analysis of the main currency pairs on April 27

Forecast for April 27:

Analytical review of currency pairs on the scale of H1:

For the euro / dollar pair, the key levels on the H1 scale are: 1.0996, 1.0948, 1.0913, 1.0887, 1.0832, 1.0807, 1.0771 and 1.0725. Here, the price registered the potential for the upward movement of April 24. At the moment, we expect to reach the level of 1.0887. The short-term upward movement, as well as consolidation is in the range of 1.0887 - 1.0913. Breaking through the level of 1.0913 should be accompanied by a pronounced upward movement. Here, the target is 1.0948. For the potential value for the top, we consider the level of 1.0969, upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range of 1.0832 - 1.0807. The breakdown of the last level will lead to an in-depth correction. Here, the goal is 1.0771. This level is a key support for the upward structure and the price overcoming it will lead to the development of a downward structure. In this case, the first potential target is 1.0725.

The main trend is the formation of the ascending structure of April 24.

Trading recommendations:

Buy: 1.0887 Take profit: 1.0910

Buy: 1.0915 Take profit: 1.0948

Sell: 1.0832 Take profit: 1.0808

Sell: 1.0805 Take profit: 1.0774

For the pound / dollar pair, the key levels on the H1 scale are: 1.2594, 1.2563, 1.2514, 1.2479, 1.2413, 1.2381 and 1.2333. Here, we are following the development of the ascending structure of April 21. Short-term upward movement is expected in the range of 1.2479 - 1.2514. The breakdown of the last level should be accompanied by a pronounced upward movement. Here, the target is 1.2563. For the potential value for the top, we consider the level of 1.2594. Upon reaching which, we expect consolidation and a downward pullback.

A short-term downward movement is possible in the range of 1.2413 - 1.2381. The breakdown of the last level will lead to an in-depth correction. Here, the target is 1.2333. This level is a key support for the upward structure.

The main trend is the upward structure of April 21.

Trading recommendations:

Buy: 1.2480 Take profit: 1.2512

Buy: 1.2516 Take profit: 1.2563

Sell: 1.2413 Take profit: 1.2383

Sell: 1.2378 Take profit: 1.2335

For the dollar / franc pair, the key levels on the H1 scale are: 0.9810, 0.9775, 0.9754, 0.9737, 0.9700, 0.9671, 0.9652 and 0.9625. Here, the price forms the potential for the downward movement of April 24. The continuation of the downward movement is expected after the breakdown of the level of 0.9700. In this case, the target is 0.9671. A short-term downward movement, as well as consolidation is in the range of 0.9671 - 0.9652. For the potential value for the bottom, we consider the level of 0.9625. Upon reaching which, we expect an upward pullback.

A short-term upward movement is possible in the range of 0.9737 - 0.9754. The breakdown of the last level will lead to an in-depth correction. Here, the target is 0.9775. This level is a key support for the downward formation.

The main trend is the formation of the downward potential of April 24.

Trading recommendations:

Buy : 0.9737 Take profit: 0.9752

Buy : 0.9755 Take profit: 0.9775

Sell: 0.9700 Take profit: 0.9672

Sell: 0.9669 Take profit: 0.9653

For the dollar / yen pair, the key levels on the scale are : 108.16, 107.81, 107.64, 107.19, 106.89 and 106.46. Here, the price is in equilibrium. Short-term downward movement is expected in the range of 107.19 - 106.89. The breakdown of the last level will allow us to rely on the movement to a potential target - 106.46. We expect the expressed initial conditions for a downward cycle to be formed until this level.

A short-term upward movement is possible in the range of 107.64 - 107.81. The breakdown of the last level will lead to the formation of initial conditions for the upward cycle. In this case, the potential target is 108.16.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 107.64 Take profit: 107.80

Buy : 107.83 Take profit: 108.16

Sell: 106.87 Take profit: 106.48

Sell: Take profit:

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.4266, 1.4205, 1.4158, 1.4121, 1.3997, 1.3958, 1.3904, 1.3866 and 1.3797. Here, we are following the development of the descending structure of April 21. Short-term downward movement is expected in the range of 1.3997 - 1.3958. The breakdown of the last value should be accompanied by a pronounced downward movement to the level of 1.3904. In turn, price consolidation is in the range of 1.3904 - 1.3866. For the potential value for the bottom, we consider the level of 1.3797. Upon reaching this level, we expect a pullback to the correction.

Short-term upward movement is possible in the range of 1.4121 - 1.4158. The breakdown of the last value will lead to a prolonged correction. In this case, the goal is 1.4205. This level is a key support for the descending structure of April 21 and if the price passes through, it will lead to the formation of initial conditions for the upward cycle. In this case, the potential target is 1.4266.

The main trend is the descending structure of April 21.

Trading recommendations:

Buy: 1.4121 Take profit: 1.4156

Buy : 1.4160 Take profit: 1.4205

Sell: 1.3997 Take profit: 1.3960

Sell: 1.3955 Take profit: 1.3905

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6586, 0.6551, 0.6504, 0.6422, 0.6387 and 0.6338. Here, we are following the development of the ascending structure of April 21. The continuation of the upward movement is expected after the breakdown of the level of 0.6504. In this case, the target is 0.6551. For the potential value for the top, we consider the level of 0.6586. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range of 0.6422 - 0.6387. The breakdown of the last level will lead to an in-depth correction. Here, the target is 0.6338. This level is key support for the top.

The main trend is the upward structure of April 21.

Trading recommendations:

Buy: 0.6505 Take profit: 0.6550

Buy: 0.6552 Take profit: 0.6585

Sell : 0.6422 Take profit : 0.6388

Sell: 0.6385 Take profit: 0.6340

For the euro / yen pair, the key levels on the H1 scale are: 117.25, 116.72, 116.35, 116.11, 115.56, 115.18, 114.55 and 114.21. Here, we determine the subsequent goals for the downward movement from the local structure on April 22. Short-term downward movement is possible in the range of 115.56 - 115.18. The breakdown of the last value should be accompanied by a pronounced downward movement. In this case, the target is 114.55. For the potential value for the bottom, we consider the level of 114.21. Upon reaching which, we expect consolidation, as well as an upward pullback.

Short-term upward movement is possible in the range of 116.11 - 116.35. The breakdown of the last level will lead to an in-depth correction. Here, the goal is 116.72. This level is a key support for the downward structure.

The main trend is the local descending structure of April 22.

Trading recommendations:

Buy: 116.11 Take profit: 116.35

Buy: 116.38 Take profit: 116.72

Sell: 115.55 Take profit: 115.20

Sell: 115.15 Take profit: 114.58

For the pound / yen pair, the key levels on the H1 scale are : 134.33, 133.77, 133.39, 132.52, 132.02, 131.43, 131.05 and 130.32. Here, the price registered the expressed potential for the upward movement of April 21 in the correction of the downward structure. The continuation of the downward movement is expected after the breakdown of the level of 132.52. In this case, the first goal is 132.02. The breakdown of which, in turn, will allow us to move to the level of 131.43. A short-term downward movement, as well as consolidation is in the range of 131.43 - 131.05. For the potential value for the bottom, we consider the level of 130.32. Upon reaching which, we expect an upward pullback.

A short-term upward movement is possible in the range of 133.39 - 133.77. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 134.33. This level is a key support for the downward cycle.

The main trend is the downward cycle of April 14, the correction stage.

Trading recommendations:

Buy: 133.40 Take profit: 133.75

Buy: 133.80 Take profit: 134.30

Sell: 132.45 Take profit: 132.05

Sell: 131.98 Take profit: 131.45