01.04.201903:31 Forex Analysis & Reviews: Fractal analysis of major currency pairs on April 1

Forecast for April 1:

Analytical review of H1-scale currency pairs:

For the euro/dollar pair, the key levels on the H1 scale are: 1.1318, 1.1285, 1.1265, 1.1238, 1.1203, 1.1180 and 1.1134. Here, we continue to follow the development of the downward structure of March 20. Short-term movement to the bottom is expected in the range of 1.1203 - 1.1180. We consider the level of 1.1134 to be a potential value for the bottom, after reaching this level, we expect a rollback to the top.

Care in the correction is expected after the breakdown 1.1238. Here, the first goal is 1.1265. Short-term upward movement is possible in the range of 1.1265 - 1.1285. The breakdown of the latter value will have to form the initial conditions for the upward cycle. Here, the potential target is 1.1318.

The main trend is the downward structure of March 20.

Trading recommendations:

Buy 1.1238 Take profit: 1.1265

Buy 1.1287 Take profit: 1.1318

Sell: 1.1203 Take profit: 1.1181

Sell: 1.1178 Take profit: 1.1135

For the pound/dollar pair, the key levels on the H1 scale are 1.3153, 1.3092, 1.3051, 1.2984, 1.2948, 1.2892, 1.2859 and 1.2797. Here, we are following the downward structure of March 27. Continuation of the movement to the bottom is expected after the price passes the noise range 1.2984 - 1.2948. In this case, the goal is 1.2892. In the range of 1.2892 - 1.2859, there is a price consolidation. For the potential value for the bottom, we consider the level of 1.2797, after which we expect a rollback to the top.

The main trend is the downward structure of March 27.

Trading recommendations:

Buy: 1.3051 Take profit: 1.3090

Buy: 1.3094 Take profit: 1.3150

Sell: 1.2984 Take profit: 1.2948

Sell: 1.2946 Take profit: 1.2892

For the dollar / franc pair, the key levels on the H1 scale are: 1.0040, 1.0023, 0.9996, 0.9975, 0.9938, 0.9925 and 0.9904. Here, we are following the formation of the ascending structure of March 27. Continuation of the movement to the top is expected after the breakdown of 0.9975. In this case, the goal is 0.9996, near this level is the price consolidation. The breakdown of the level of 0.9996 should be accompanied by a pronounced upward movement. Here, the target is 1.0023. For the potential value for the top, we consider the level of 1.0040, after reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 0.9938 - 0.9925. The breakdown of the latter value will cause to form a downward structure. In this case, the goal is 0.9904.

The main trend is the formation of the ascending structure of March 27.

Trading recommendations:

Buy: 0.9975 Take profit: 0.9994

Buy: 0.9998 Take profit: 1.0020

Sell: 0.9938 Take profit: 0.9927

Sell: 0.9923 Take profit: 0.9905

For the dollar / yen pair, the key levels on the scale are: 112.05, 111.69, 111.45, 111.06, 110.74, 110.52 and 110.29. Here, we are following the development of the ascending structure of March 25. Continuation of the movement to the top is expected after the breakdown 111.06. In this case, the goal is 111.45. In the range of 111.45 - 111.69, there is a short-term upward movement, as well as consolidation. We consider the level of 112.05 as a potential value for the top, to which movement is expected after the breakdown of 111.70.

Short-term downward movement is possible in the range of 110.74 - 110.52. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 110.29. This level is a key support for the upward structure.

The main trend: the rising structure of March 25.

Trading recommendations:

Buy: 111.08 Take profit: 111.45

Buy: 111.47 Take profit: 111.66

Sell: 110.74 Take profit: 110.55

Sell: 110.50 Take profit: 110.30

For the Canadian dollar / US dollar pair , the key levels on the H1 scale are: 1.3407, 1.3384, 1.3368, 1.3333, 1.3300, 1.3257 and 1.3229. Here, the price forms the downward structure of March 28. Continuation of the movement to the bottom is expected after the breakdown 1.3333. In this case, the target is 1.3300, in which there is a consolidation near this level.

The breakdown of the level of 1.3300 should be accompanied by a pronounced downward movement. Here, the goal is 1.3257. For the potential value for the bottom, we consider the level of 1.3229, after reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 1.3368 - 1.3384. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 1.3407. This level is a key support for the downward structure of March 28.

The main trend is the formation of the downward structure of March 28.

Trading recommendations:

Buy: 1.3368 Take profit: 1.3382

Buy: 1.3386 Take profit: 1.3405

Sell: 1.3333 Take profit: 1.3304

Sell: 1.3296 Take profit: 1.3260

For the Australian dollar / Us dollar pair , the key levels on the H1 scale are: 0.7123, 0.7104, 0.7061, 0.7030, 0.7009 and 0.6981. Here, the price is in the adjustment area from the main downward trend. Continuation of the movement to the bottom is expected after the breakdown 0.7060. In this case, the goal is 0.7030. The breakdown of which will lead to short-term downward movement in the range of 0.7030 - 0.7009. For the potential value for the bottom, we consider the level of 0.6981. From this level, we expect a rollback to the top.

Short-term upward movement is possible in the range of 0.7104 - 0.7123. The breakdown of the latter value will have to form the initial conditions for the upward cycle. In this case, the potential target is 0.7146.

The main trend is the downward structure of March 21, the stage of correction.

Trading recommendations:

Buy: 0.7123 Take profit: 0.7144

Buy: Take profit:

Sell: 0.7060 Take profit: 0.7032

Sell: 0.7028 Take profit: 0.7010

For the euro / yen pair, the key levels on the H1 scale are: 125.56, 125.01, 124.57, 123.83, 123.44 and 123.03. Here, we are following the development of the downward structure of March 20. Continuation of the movement to the bottom is expected after the breakdown of 123.83. Here, the target is 123.44. In the range of 123.83 - 123.44 is a price consolidation. For the potential value for the downward movement, we consider the level of 123.03, after reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 124.28 - 124.57.The breakdown of the last value will have to form the initial conditions for the upward cycle. In this case, the potential target is 125.56.

The main trend is the downward structure of March 20, the stage of correction.

Trading recommendations:

Buy: 124.60 Take profit: 125.00

Buy: 125.05 Take profit: 125.55

Sell: 123.80 Take profit: 123.48

Sell: 123.42 Take profit: 123.06

For the pound / yen pair, the key levels on the H1 scale are: 145.94, 145.41, 145.00, 144.04, 143.32, 142.43 and 141.79. Here, the price has issued a local downward structure of March 27. Continuation of the movement to the bottom is expected after the breakdown of 144.04. In this case, the goal is 143.35, and near this level is a price consolidation. The breakdown of the level of 143.30 should be accompanied by a pronounced downward movement. Here, the target is 142.43. For the potential value for the bottom, we consider the level of 141.79, after after reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 145.00 - 145.40. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 145.94. This level is a key support for the downward structure.

The main trend is the downward structure of March 27.

Trading recommendations:

Buy: 145.00 Take profit: 145.40

Buy: 145.44 Take profit: 145.94

Sell: 144.04 Take profit: 143.42

Sell: 143.30 Take profit: 142.50