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11.05.202111:25 Forex Analysis & Reviews: Fractal analysis of major currency pairs on May 11, 2021

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Outlook on May 11:

Analysis of popular currency pairs on the hourly (H1) chart:

Exchange Rates 11.05.2021 analysis

The key levels for the EUR/USD pair are 1.2293, 1.2267, 1.2249, 1.2211, 1.2193, 1.2138, 1.2119 and 1.2092. The price has been moving in an upward trend since May 5. In this case, we expect a short-term growth in the range of 1.2193 - 1.2211. If the latter is broken, strong growth will continue to the next target of 1.2249. After that, a short-term growth and consolidation can be expected in the range of 1.2249 - 1.2267. The final potential upward target is 1.2293. After reaching this level, an upward pullback can be expected.

In turn, the price is likely to consolidate in the 1.2138 - 1.2119 range. If the level of 1.2119 breaks down, a deep correction will occur. The target is set at 1.2092, which is the key support level.

The main trend is the upward trend from May 5.

Trading recommendations:

Buy: 1.2193 Take profit: 1.2210

Buy: 1.2212 Take profit: 1.2249

Sell: 1.2138 Take profit: 1.2120

Sell: 1.2117 Take profit: 1.2092

Exchange Rates 11.05.2021 analysis

The key levels for the GBP/USD pair are 1.4267, 1.4225, 1.4200, 1.4161, 1.4140, 1.4098, 1.4069 and 1.4030. The price has been moving in a bullish trend since April 30. Now, we expect a short-term growth in the 1.4140 - 1.4161 range. If the last value is broken, strong upward movement will continue to the potential target of 1.4200. Afterwards, a short-term growth and consolidation can be expected in the range of 1.4200 - 1.4225. The ultimate potential upward target is 1.4267. After reaching it, a downward pullback is possible.

A short-term decline is possible in the range of 1.4098 - 1.4069. If the latter is broken, a deep correction will occur. The target is set at 1.4030, which is the key support level.

The main trend is the upward trend from April 30.

Trading recommendations:

Buy: 1.4161 Take profit: 1.4200

Buy: 1.4202 Take profit: 1.4224

Sell: 1.4098 Take profit: 1.4072

Sell: 1.4067 Take profit: 1.4033

Exchange Rates 11.05.2021 analysis

The key levels for the USD/CHF pair are 0.9070, 0.9049, 0.9035, 0.8999, 0.8987, 0.8970, 0.8941 and 0.8920. The price has been moving in a downward trend since May 5. Thus, we expect the decline to resume after the price breaks through the 0.8999 - 0.8987 range. The target is set at 0.8970 and the price may consolidate near it. If the level of 0.8968 is broken, strong decline will continue to the next target of 0.8941. The ultimate downward target is 0.8920. After reaching this level, an upward pullback can be expected.

Meanwhile, a short-term growth can be expected in the range of 0.9035 - 0.9049. If the last value is broken, a deep correction will follow. The target is set at 0.9070, which is the key support level.

The main trend is the downward trend from May 5.

Trading recommendations:

Buy: 0.9035 Take profit: 0.9047

Buy: 0.9052 Take profit: 0.9070

Sell: 0.8987 Take profit: 0.8972

Sell: 0.8968 Take profit: 0.8942

Exchange Rates 11.05.2021 analysis

The key levels for the USD/JPY pair are 110.80, 110.30, 110.08, 109.69, 109.34, 108.51, 108.30 and 107.87. The price has been moving in an upward trend since April 23. We expect this trend to extend after the level of 109.34 is broken. The first target is 109.69 and the price may consolidate around this level. If the level of 109.70 breaks down, strong growth will continue to the next target of 110.08. A short-term upward movement may follow in the range of 110.08 - 110.30. The final potential upward target is 110.80, from which a downward pullback can be expected.

On the other hand, a short-term decline is expected in the 108.51 - 108.30 range. If the latter is broken, the downward trend will develop. The potential target is set at 107.7.

The main trend is the upward trend from April 23.

Trading recommendations:

Buy: 109.34 Take profit: 109.67

Buy: 109.71 Take profit: 110.08

Sell: 108.50 Take profit: 108.32

Sell: 108.28 Take profit: 107.88

Exchange Rates 11.05.2021 analysis

The key levels for the USD/CAD pair are 1.2334, 1.2251, 1.2200, 1.2139, 1.2055, 1.2016 and 1.1953. The price has been moving in a bearish trend since April 21. In this context, we expect a short-term decline in the range of 1.2055 - 1.2016. The ultimate potential downward target is set at 1.1953. After reaching it, an upward pullback will occur.

As an alternative, a short-term growth is expected in the range of 1.2139 - 1.2200. If the latter is broken, a deep correction may follow. The target is set at 1.2251. The breakdown of this value will encourage the formation of potential initial upward conditions. The target is 1.2334.

The main trend is the downward trend from April 21.

Trading recommendations:

Buy: 1.2140 Take profit: 1.2200

Buy: 1.2203 Take profit: 1.2250

Sell: 1.2055 Take profit: 1.2016

Sell: 1.2014 Take profit: 1.1955

Exchange Rates 11.05.2021 analysis

The key levels for the AUD/USD pair are 0.7974, 0.7949, 0.7931, 0.7893, 0.7874, 0.7846, 0.7823 and 0.7791. The price has been moving in a bullish trend since May 4. We expect this trend to extend after the price breaks through the 0.7874 - 0.7893 range. The target is set at 0.7931. Afterwards, the price may consolidate in the range of 0.7931 - 0.7949. The final potential upward target is 0.7974, from which a downward pullback is expected.

The price is expected to consolidate in the 0.7846 - 0.7823 range. If the level of 0.7823 breaks down, a deeper movement may occur. The target is set at 0.7791, which is the key support level.

The main trend is the upward trend from May 4.

Trading recommendations:

Buy: 0.7894 Take profit: 0.7930

Buy: 0.7950 Take profit: 0.7974

Sell: Take profit:

Sell: 0.7821 Take profit: 0.7791

Exchange Rates 11.05.2021 analysis

The key levels for the EUR/JPY pair are 133.63, 133.24, 133.04, 132.75, 132.48, 132.14, 131.93 and 131.61. The price has been moving in a bullish trend since May 5. We expect growth to resume after the level of 132.48 is broken. The target is set at 132.75 and the price may consolidate around it. If the indicated target is broken, further movement will head to the next level of 133.04. After that, the price may consolidate in the range of 133.04 - 133.24. The ultimate potential upward target is 133.63. After reaching this level, a downward pullback can be expected.

In turn, a short-term decline is likely in the range of 132.14 - 131.93. If the last value is broken, a deep correction will occur. The target is 131.61, which is the key support level.

The main trend is the local upward trend from May 5.

Trading recommendations:

Buy: 132.48 Take profit: 132.73

Buy: 132.76 Take profit: 133.04

Sell: 132.14 Take profit: 131.95

Sell: 131.91 Take profit: 131.65

Exchange Rates 11.05.2021 analysis

The key levels for the GBP/JPY pair are 156.01, 154.97, 154.51, 153.90, 153.42, 152.96 and 152.16. The price has been following the development of the upward trend from April 23. We expect this trend to continue after the level of 153.90 is broken. The target is set at 154.51 and the price may consolidate in the 154.51 - 154.97 range. The ultimate potential upward target is 156.01, from which a downward pullback is possible.

A short-term decline is likely in the range of 153.42 - 152.96. If the latter is broken, a deep correction will occur. The target is set at 152.16.

The main trend is the upward trend from April 23

Trading recommendations:

Buy: 153.90 Take profit: 154.50

Buy: 155.00 Take profit: 156.00

Sell: 153.40 Take profit: 152.96

Sell: 152.94 Take profit: 152.20

Desarrollado por un Daichi Takahashi
experto de análisis de InstaForex
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