Forecast for August 13:
Analytical review of currency pairs on the H1 scale:
For the Euro/Dollar pair, the key levels are: 1.1773, 1.1761, 1.1741, 1.1729, 1.1705, 1.1694, and 1.1671. Here, we are following the development of the downward cycle from July 30. We expect a short-term downward movement in the range of 1.1705 – 1.1694, where we expect a key reversal to the top. We consider the level of 1.1671 as a potential value for the low, which is the limit value for the downward cycle from July 30.
Consolidation is possible in the 1.1729 – 1.1741 corridor. A breakout of the last value will lead to a deep correction with the target at 1.1761. The range 1.1761 – 1.1773 is a key support for the downward cycle, we expect 1.1773 a potential value for the top.
The main trend is the downward cycle from July 30, approaching the limit values.
Key levels of structure development:
Upward resistance: 1.1743 Target: 1.1760
Upward resistance: 1.1762 Target: 1.1773
Downward Resistance: 1.1705 Target: 1.1696
Downward resistance: 1.1692 Target: 1.1680
For the Pound/Dollar pair, the key levels are: 1.3897, 1.3885, 1.3847, 1.3824, 1.3781, 1.3749, 1.3728, and 1.3683. Here, we expect the subsequent development of the downward cycle from July 29 after the breakdown of the level of 1.3780, which will lead to a pronounced downward movement, with the target at 1.3749 and price consolidation at 1.3749-1.3728 corridor. We consider the level of 1.3683 to be a potential value for the low. After reaching which, we expect a pullback to the top.
A short-term upward movement is expected in the 1.3824-1.3847 corridor. The breakout of the last value will lead to a deep correction with the target of 1.3885. The noise range 1.3885-1.3897 is the key support for the low.
The main trend is the downward cycle of July 29.
Key levels of structure development:
Upward resistance: 1.3824 Target: 1.3846
Upward resistance: 1.3848 Target: 1.3881
Downward resistance: 1.3779 Target: 1.3751
Downward resistance: 1.3748 Target: 1.3729
For the Dollar/Franc pair, the key levels are: 0.9271, 0.9244, 0.9232, 0.9213, 0.9200, and 0.9174. Here, we follow the development of the upward cycle from August 4. We expect a short-term upward movement in the 0.9232-0.9244 corridor, where we expect a key reversal to the low. We consider the level of 0.9271 as a potential value for the top, which is the limit value.
A short-term downward movement is possible in the 0.9213-0.9200 corridor. A breakdown of the last value will lead to a deep correction with the target at 0.9174, the key support for the top.
The main trend is the upward cycle from August 4.
Key levels of structure development:
Upward resistance: 0.9246 Target: 0.9270
Upward resistance: Target:
Downward resistance: 0.9213 Target: 0.9201
Downward resistance: 0.9198 Target: 0.9176
For a Dollar/Yen pair, the key levels are: 111.70, 111.24, 111.04, 110.73, 110.48, 110.29, 110.08, and 109.92. Here, we are following the development of the upward cycle from August 4. The continuation of the upward movement is expected after the breakout of the level of 110.75, with the target at 111.04 and a short-term upward movement, as well as consolidation in the 111.04 – 111.24 corridor. We consider the level of 111.70 as a potential value for the top. After reaching which, we expect a downward pullback.
A short-term downward movement is possible in the 110.48-110.29 corridor. A breakdown of the last value will lead to a deep correction with the target at 110.08. The 110.08-109.92 corridor is the key support for the top. We expect the formation of a potential downward cycle up to the level of 109.92.
The main trend is the upward cycle of August 4.
Key levels of structure development:
Upward resistance: 110.75 Target: 111.04
Upward resistance: 111.06 Target: 111.24
Downward resistance: 110.48 Target: 110.31
Downward resistance: 110.27 Target: 110.08
For the Canadian dollar/US Dollar pair, the key levels are: 1.2741, 1.2691, 1.2631, 1.2594, 1.2495, 1.2459, 1.2420, 1.2364, 1.2327, and 1.2240. We follow the formation of the upward cycle from July 30. We expect the development of an upward trend after the breakout of 1.2594, with the first target at 1.2631 and consolidation near this level. The breakout of the 1.2631 level should be accompanied by a pronounced upward movement with the target at 1.2691. We consider the level of 1.2741 as a potential value for the top. After reaching which, we expect a downward pullback.
A short-term downward movement is possible in the range of 1.2495-1.2459. A breakdown of the last value will lead to the subsequent development of the downward cycle from July 19, with the first target at 1.2420.
The main trend is the upward cycle of July 30.
Key levels of structure development:
Upward resistance: 1.2594 Movement target: 1.2630
Upward resistance: 1.2632 Movement target: 1.2690
Downward resistance: 1.2495 Movement target: 1.2462
Downward resistance: 1.2457 Movement target: 1.2365
For the Australian dollar/US Dollar pair, the key levels are: 0.7428, 0.7407, 0.7382, 0.7367, 0.7329, 0.7291, 0.7254, 0.7237, and 0.7192. Here, we are following the formation of the downward cycle from August 4. We expect the downward movement to continue after the breakdown of 0.7329, with the target at 0.7291 and consolidation near this level. A breakdown of 0.7290 will lead to the development of a pronounced downward movement, with the target at 0.7254 and a short-term downward movement in the 0.7254-0.7237 corridor. We consider the level of 0.7192 as a potential value for the low. After reaching which, we expect an upward pullback.
A short-term upward movement is expected in the 0.7367-0.7382 corridor. A breakout of the last value will lead to a deep correction with the target at 0.7407, the key support for the low.
The main trend is the formation of a downward cycle from August 4.
Key levels of structure development:
Upward resistance: 0.7367 Movement target: 0.7380
Upward resistance: 0.7384 Movement target: 0.7407
Downward resistance: 0.7327 Movement target: 0.7293
Downward resistance: 0.7289 Movement target: 0.7256
For the Euro/Yen pair, the key levels are: 130.51, 130.28, 129.93, 129.67, 129.39, 129.15, 128.82, 128.52, and 128.21. Here, we are following the development of the downward cycle of July 29. At the moment, the price is in correction. We expect the resumption of the downward movement after the breakdown of 129.39, with the first target at 129.15. The breakdown of which, in turn, will continue the development of the main downward trend from July 29, with the target at 128.82. The breakdown of which will allow us to count on a movement to the level of 128.52, with consolidation near this level. We consider the level of 128.21 as a potential value for the low. When this level is reached, we expect an upward pullback.
A short-term upward movement is possible in the 129.67-129.93 corridor. A breakout of the last value will lead to the formation of an upward structure, with the first potential target at 130.28. We expect a short-term upward movement, as well as consolidation in the 130.28-120.51 corridor.
The main trend is the downward cycle of July 29, the correction stage.
Key levels of structure development:
Upward resistance: 129.68 Movement target: 129.91
Upward resistance: 129.95 Movement target: 130.28
Downward resistance: 129.37 Movement target: 129.16
Downward resistance: 129.13 Movement target: 128.84
For the Pound/Yen pair, the key levels are: 154.34, 154.09, 153.66, 153.21, 152.75, 152.16, 151.85, 151.53, and 151.14. Here, we are following the development of the local upward cycle from August 3. We expect the resumption of the upward movement after a breakout of 152.75, with the first target at 153.21 and consolidation near this level. A breakout of 153.21 will lead to a pronounced upward movement with the target at 153.66, as well as consolidation near this level. We consider the level of 154.34 as a potential value for the top. We expect a movement to which after a breakout of 153.70.
A short-term downward movement is possible in the range of 152.16-151.85. A breakdown of the last value will lead to the development of a downward cycle, with the first potential target at 151.53.
The main trend is the upward cycle of August 3, the correction stage.
Key levels of structure development:
Upward Resistance: 152.75 Movement Target: 153.20
Upward resistance: 153.24 Movement target: 153.64
Downward resistance: 152.15 Movement target: 151.88
Downward resistance: 151.82 Movement target: 151.57
*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.
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