Dear colleagues.
For the currency pair Euro / Dollar, the upward trend development is expected after the price passes the range of 1.1345 - 1.1360. For the currency pair Pound / Dollar, we should continue the development of the upward structure of March 11 after the breakdown of 1.3387 and the level of 1.3144 is the key support. For the currency pair Dollar / Franc, the continuation of the downward trend is expected after the price passes the range of 0.9993 - 0.9980 and the level of 1.0025 is the key support. For the currency pair Dollar / Yen, the price is close to the abolition of the rising structure of March 13. For the currency pair Euro / Yen, we follow the development of the upward cycle of March 8 and an impulsive movement is expected after the breakdown of 126.90. For the currency pair Pound / Yen, we are following the uptrend structure of March 11 as the main trend; the level of 149.26 is the key resistance and the level of 145.76 is the key support.
Forecast for March 19:
Analytical review of H1-scale currency pairs:
For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1416, 1.1390, 1.1360, 1.1345, 1.1317, 1.1300, 1.1271 and 1.1249. We continue to follow the development of the ascending structure of March 7. The short-term upward movement is expected in the area of 1.1345 - 1.1360 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 1.1390. The potential value for the top is considered the level of 1.1416, upon reaching which we expect a rollback downwards.
The development of a prolonged correction is expected after the breakdown of 1.1300. The potential target is 1.1271 and this level is the key support for the upward structure. Its price passage will have to form a downward structure. In this case, the first potential target is 1.1249.
The main trend is the upward structure of March 7.
Trading recommendations:
Buy 1.1361 Take profit: 1.1390
Buy 1.1392 Take profit: 1.1414
Sell: 1.1290 Take profit: 1.1275
Sell: 1.1270 Take profit: 1.1250
For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3587, 1.3509, 1.3462, 1.3387, 1.3267, 1.3214 and 1.3144. We are following the development of the ascending structure of March 11. The continuation of the upward movement is expected after the breakdown of 1.3387. In this case, the target is 1.3462 and in the area of 1.3462 - 1.3509 is the short-term upward movement. The potential value for the top is considered the level of 1.3587, upon reaching which we expect a rollback downwards.
The consolidated movement is expected in the range of 1.3267 - 1.3214 and the breakdown of the latter value will lead to an in-depth correction. The target is 1.3144 and this level is the key support for the upward trend.
The main trend is the upward structure of March 11.
Trading recommendations:
Buy: 1.3388 Take profit: 1.3462
Buy: 1.3510 Take profit: 1.3585
Sell: Take profit:
Sell: 1.3112 Take profit: 1.3145
For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0057, 1.0045, 1.0025, 1.0012, 0.9993, 0.9980 and 0.9956. We are following the development of the downward cycle of March 7. We expect the downward movement to continue after the price passes the range of 0.9993 - 0.9980. In this case, the potential target is 0.9956, upon reaching which we expect a rollback to the top.
The short-term uptrend is possible in the area of 1.0012 - 1.0025 and the breakdown of the last value will lead to an in-depth correction. The goal is 1.0045 and the range of 1.0045-1.0057 is the key support for the downward cycle. We expect the initial conditions for the upward cycle to reach it.
The main trend is the downward cycle of March 7.
Trading recommendations:
Buy: 1.0012 Take profit: 1.0025
Buy: 1.0027 Take profit: 1.0045
Sell: 0.9993 Take profit: 0.9981
Sell: 0.9978 Take profit: 0.9956
For the currency pair Dollar / Yen, the key levels on the scale of H1 are 112.90, 112.73, 112.48, 112.28, 112.00, 111.78, 111.50 and 111.27. We follow the formation of the initial conditions for the upward cycle of March 13. At the moment, the price is close to the cancellation of this structure. The continuation of the upward movement is expected after the breakdown of 111.78. In this case, the first target is 112.00. The breakdown of which will lead to the movement to the level of 112.28, and consolidation is near this value. The short-term upward movement is expected in the range of 112.28 - 112.48, hence there is a high probability of a turn into a correction. For now, the potential value for the top is considered to be the level of 112.90, after reaching which we expect a consolidated movement in the area of 112.73 - 112.90.
The consolidated movement is possible in the area of 111.50 - 111.27, hence there is a high probability of turning upwards. The breakdown of the level of 111.27 will lead to the cancellation of the ascending structure of March 13. The potential target is 110.97.
The main trend is the formation of the initial conditions for the upward cycle of March 13, a deep correction.
Trading recommendations:
Buy: 111.78 Take profit: 112.00
Buy: 112.02 Take profit: 112.28
Sell: Take profit:
Sell: 111.20 Take profit: 110.97
For the currency pair Canadian Dollar / Dollar, the key levels on the H1 scale are 1.3400, 1.3371, 1.3353, 1.3305, 1.3278, 1.3260, 1.3228 and 1.3200. We are following the development of the downward cycle of March 8. At the moment, the price is in a deep correction. The continuation of the downward movement is expected after the breakdown of the level of 1.3305. The first target is 1.3278. The price passage of the range of 1.3278 - 1.3260 must be accompanied by a pronounced movement. In this case, the target is 1.3228. The potential value for the bottom is considered the level of 1.3200, after reaching which we expect consolidation, as well as a rollback to the top.
The short-term upward movement is expected in the area of 1.3353 - 1.3371 and the breakdown of the latter value will have to form the expressed initial conditions for the upward cycle of March 15. In this case, the target is 1.3400.
The main trend is the downward cycle of March 8, the stage of correction.
Trading recommendations:
Buy: 1.3353 Take profit: 1.3370
Buy: 1.3373 Take profit: 1.3400
Sell: 1.3305 Take profit: 1.3280
Sell: 1.3260 Take profit: 1.3230
For the currency pair Australian Dollar / Dollar, the key levels on the H1 scale are 0.7154, 0.7121, 0.7101, 0.7072, 0.7055, 0.7032 and 0.7000. We are following the ascending structure of March 8 as the main trend. The short-term upward movement is expected in the area of 0.7101 - 0.7121 and the breakdown of the latter value should be accompanied by a pronounced upward movement. The potential target is 0.7154, upon reaching this level, we expect consolidation.
The short-term downward movement is possible in the area of 0.7072 - 0.7055 and the breakdown of the last value will lead to a prolonged correction. The target is 0.7032 and this level is the key support for the top.
The main trend is the ascending structure of March 8.
Trading recommendations:
Buy: 0.7101 Take profit: 0.7120
Buy: 0.7122 Take profit: 0.7152
Sell: 0.7072 Take profit: 0.7055
Sell: 0.7053 Take profit: 0.7033
For the currency pair Euro / Yen, the key levels on the H1 scale are 127.84, 127.28, 126.90, 126.68, 126.11, 125.86 and 125.40. We are following the development of the ascending structure of March 8. The short-term upward movement is expected in the area of 126.68 - 126.90. The breakdown of the latter value will lead to the movement to the level of 127.28, near this level, we expect consolidation. The potential value for the top is considered the level of 127.84, after reaching this level, we expect a departure to a correction.
The short-term downward movement is possible in the area of 126.11 - 125.86 and the breakdown of the last value will lead to a prolonged correction. The goal is 125.40 and this level is the key support for the top.
The main trend is the ascending structure of March 8.
Trading recommendations:
Buy: 126.68 Take profit: 126.90
Buy: 126.95 Take profit: 127.25
Sell: 126.11 Take profit: 125.88
Sell: 125.82 Take profit: 125.44
For the currency pair Pound / Yen, the key levels on the H1 scale are 150.84, 150.25, 149.26, 148.68, 147.43, 146.76 and 145.76. We are following the development of the ascending structure of March 11. We expect a short-term upward movement in the area of 148.68 - 149.26 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 150.25. The potential value for the top is considered the level of 150.84, upon reaching which we expect a rollback downwards.
The short-term downward movement is possible in the area of 147.43 - 146.76 and the breakdown of the latter value will lead to a prolonged correction. The target is 145.76 and this level is the key support for the upward movement.
The main trend is the upward structure of March 11.
Trading recommendations:
Buy: 148.70 Take profit: 149.25
Buy: 149.30 Take profit: 150.25
Sell: 147.40 Take profit: 146.80
Sell: 146.70 Take profit: 145.90