04.07.201902:54 Forex Analysis & Reviews: Fractal analysis of major currency pairs on July 4

Forecast for July 4:

Analytical review of H1-scale currency pairs:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1334, 1.1312, 1.1299, 1.1269, 1.1257, 1.1238, 1.1208 and 1.1191. Here, we continue to monitor the downward structure of June 28. The continuation of the movement to the bottom is expected after the price passes the noise range 1.1269 - 1.1257. In this case, the goal is 1.1238. Price consolidation is near this level. The breakdown of the level of 1.1236 will allow us to count on a pronounced movement to the level of 1.1208. For the potential value for the bottom, we consider the level of 1.1191. After reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 1.1299 - 1.1312. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1334. This level is a key support for the downward structure.

The main trend - a local downward structure of June 28.

Trading recommendations:

Buy 1.1300 Take profit: 1.1311

Buy 1.1313 Take profit: 1.1334

Sell: 1.1257 Take profit: 1.1238

Sell: 1.1236 Take profit: 1.1210

For the pound / dollar pair, the key levels on the H1 scale are: 1.2664, 1.2628, 1.2611, 1.2583, 1.2555 and 1.2514. Here, we are following the development of the downward structure of June 25th. Short-term downward movement is expected in the range of 1.2583 - 1.2555. For the potential value for the bottom, we consider the level of 1.2514. After reaching which, we expect to go into a correction.

Short-term upward movement is expected in the range of 1.2611 - 1.2628. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2664. This level is a key support for the downward structure.

The main trend - the downward structure of June 25.

Trading recommendations:

Buy: 1.2611 Take profit: 1.2626

Buy: 1.2630 Take profit: 1.2664

Sell: 1.2581 Take profit: 1.2557

Sell: 1.2553 Take profit: 1.2516

For the dollar / franc pair, the key levels on the H1 scale are: 1.0008, 0.9980, 0.9938, 0.9905, 0.9858, 0.9831 and 0.9802. Here, we continue to follow the development of the upward cycle from June 25. At the moment, the price is in the correction. The continuation of the movement to the top is expected after the breakdown of the level of 0.9905. In this case, the target is 0.9938, wherein near this level is a price consolidation. The breakdown of the level of 0.9938 should be accompanied by a pronounced upward movement. Here, the target is 0.9980. For the potential value for the top, we consider the level of 1.0008. After reaching which, we expect consolidation, as well as a rollback to the correction.

Consolidated movement is possible in the range of 0.9858 - 0.9831. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 0.9802. This level is a key support for the top. Its price will have to develop the downward structure. Here, the potential goal is 0.9738.

The main trend is the ascending cycle of June 25.

Trading recommendations:

Buy : 0.9905 Take profit: 0.9936

Buy : 0.9939 Take profit: 0.9980

Sell: Take profit:

Sell: 0.9829 Take profit: 0.9802

For the dollar / yen pair, the key levels on the scale are : 110.09, 109.56, 109.21, 108.70, 108.29, 107.80, 107.44 and 106.77. Here, we continue to follow the development of the upward structure from June 25. At the moment, the price is in deep correction and is close to canceling this structure, for which a breakdown of the level of 107.44 is necessary. In this case, the potential target is 106.77. The continuation of the movement to the top is expected after the breakdown of the level of 108.29. Here, the first goal is 108.70. The breakdown of which will allow us to expect to move to level 109.21. Short-term upward movement, as well as consolidation is in the range of 109.21 - 109.56. For the potential value for the top, we consider the level of 110.09. The movement to which, is expected after the breakdown of the level of 109.56.

The main trend: the ascending structure of June 25, the stage of deep correction.

Trading recommendations:

Buy: 108.30 Take profit: 108.70

Buy : 108.74 Take profit: 109.20

Sell: Take profit:

Sell: 107.41 Take profit: 107.00

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3180, 1.3142, 1.3115, 1.3069, 1.3027, 1.3001 and 1.2961. Here, we continue to follow the local downward structure from June 25. At the moment, we expect movement to the level of 1.3027. Price consolidation is in the range of 1.3027 - 1.3001. For the potential value for the bottom, we consider the level of 1.2961. After reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 1.3115 - 1.3142. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3180. This level is the key resistance for the development of the upward structure. Its breakdown will allow to count on movement towards the potential target - 1.3235.

The main trend is a local downward structure from June 25.

Trading recommendations:

Buy: 1.3143 Take profit: 1.3180

Buy : 1.3182 Take profit: 1.3230

Sell: 1.3067 Take profit: 1.3027

Sell: 1.3001 Take profit: 1.2961

For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.7097, 0.7077, 0.7039, 0.7010, 0.6990 and 0.6954. Here, the price has issued a local structure for the top of July 1. The continuation of the movement to the top is expected after the breakdown of the level of 0.7039. In this case, the target is 0.7077. For the potential value for the top, we consider the level of 0.7097. Upon reaching this level, we expect a consolidated movement in the range of of 0.7077 - 0.7097, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.7010 - 0.6990. The breakdown of the latter value will have to the formation of a downward structure. Here, the potential target is 0.6954.

The main trend is a local rising structure of July 1.

Trading recommendations:

Buy: 0.7040 Take profit: 0.7076

Buy: 0.7077 Take profit: 0.7096

Sell : 0.7010 Take profit : 0.6992

Sell: 0.6988 Take profit: 0.6959

For the euro / yen pair, the key levels on the H1 scale are: 122.28, 121.89, 121.67, 121.41, 121.22, 120.92 and 120.48. Here, we continue to follow the downward cycle of July 1. The

continuation of the movement to the bottom is expected after passing by the price of the noise range 121.41 - 121.22. In this case, the goal is 120.92, wherein there is a price consolidation near this level. For the potential value for the bottom, we consider the level of 120.48. After reaching which, we expect a rollback to the top.

Short-term upward movement is expected in the range of 121.67 - 121.89. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 122.28. This level is a key support for the downward structure.

The main trend is the downward cycle of July 1.

Trading recommendations:

Buy: 121.67 Take profit: 121.87

Buy: 121.94 Take profit: 122.28

Sell: 121.22 Take profit: 120.94

Sell: 120.90 Take profit: 120.50

For the pound / yen pair, the key levels on the H1 scale are : 136.31, 135.87, 135.65, 135.24, 134.99 and 134.50. Here, we are following a downward cycle of July 1st. Short-term downward movement is expected in the range of 135.24 - 134.99. The breakdown of the last value will allow to expect movement towards a potential target - 134.50. After reaching this level, we expect a rollback to the top.

Short-term upward movement is possible in the range of 135.65 - 135.87. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 136.31. This level is a key support for the downward structure.

The main trend is the downward cycle of July 1.

Trading recommendations:

Buy: 135.65 Take profit: 135.85

Buy: 135.90 Take profit: 136.30

Sell: 135.24 Take profit: 135.00

Sell: 134.95 Take profit: 134.50