Hello, dear colleagues.
For the Euro/Dollar pair, we follow the downward structure from January 31 and the price is near the limit values. Therefore, there is a high probability of going into a correction. For the Pound/Dollar pair, we follow the formation of the medium-term downward structure from January 31 and the level of 1.2889 is the key resistance. For the Dollar/Franc pair, we follow the development of the ascending structure from January 31 and the level of 0.9781 is the key resistance. For the Dollar/Yen pair, we follow the ascending structure from January 31; the level of 110.00 is the key resistance and the level of 109.41 is the key support. For the Euro/Yen pair, we follow the development of the downward structure from February 5; the level of 119.75 is the key resistance and the level of 120.21 is the key support. For the Pound/Yen pair, we follow the development of the downward structure from February 5; the level of 140.97 is the key resistance and the level of 142.44 is the key support.
Forecast for February 11:
Analytical review of currency pairs on the H1 scale:
For the Euro/Dollar pair, the key levels on the H1 scale are: 1.0969, 1.0938, 1.0922, 1.0902, 1.0888, and 1.0864. Here, we follow the development of the downward structure from January 31. The short-term downward movement is expected in the range of 1.0903-1.0888 and the breakdown of the last value will lead to a movement to the potential level of 1.0864, after which we expect a pullback to the top.
The short-term upward movement is possible in the range of 1.0922-1.0938 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.0969 and this level is the key support for the downward structure.
The main trend is the downward structure from January 31.
Trading recommendations:
Buy: 1.0922 Take profit: 1.0936
Buy: 1.0940 Take profit: 1.0967
Sell: 1.0902 Take profit: 1.0889
Sell: 1.0886 Take profit: 1.0866
For the Pound/Dollar pair, the key levels on the H1 scale are: 1.3070, 1.3013, 1.2970, 1.2889, 1.2847, and 1.2754. Here, we follow the development of the downward structure from January 31. The short-term downward movement is expected in the range of 1.2889-1.2847 and the breakdown of the last value should be accompanied by a pronounced downward movement. In this case, the potential target is 1.2754, near this level we expect consolidation, as well as a pullback to the top.
The short-term upward movement is possible in the range of 1.2970-1.3013 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3070 and this level is the key support for the downward structure.
The main trend is the downward structure from January 31.
Trading recommendations:
Buy: 1.2970 Take profit: 1.3011
Buy: 1.3015 Take profit: 1.3070
Sell: 1.2889 Take profit: 1.2848
Sell: 1.2845 Take profit: 1.2756
For the Dollar/Franc pair, the key levels on the H1 scale are: 0.9858, 0.9826, 0.9810, 0.9781, 0.9759, 0.9744, and 0.9719. Here, we follow the development of the ascending structure from January 31. We expect the continuation of the upward movement after the breakdown of the level of 0.9781. In this case, the target is 0.9810 and in the range of 0.9810-0.9826 is the price consolidation. We consider the level of 0.9858 to be a potential value for the top, upon reaching this value, we expect a pullback to the bottom.
A short-term downward movement is possible in the area of 0.9759-0.9744 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9719 and this level is the key support for the ascending structure.
The main trend is an upward cycle from January 31.
Trading recommendations:
Buy: 0.9782 Take profit: 0.9810
Buy: 0.9826 Take profit: 0.9858
Sell: 0.9759 Take profit: 0.9745
Sell: 0.9742 Take profit: 0.9720
For the Dollar/Yen pair, the key levels in the H1 scale are: 110.80, 110.47, 109.99, 109.62, 109.41, and 109.07. Here, we follow the development of the ascending structure from January 31. We expect the continuation of the upward movement after the breakdown of 110.00. In this case, the target is 110.47 and consolidation is near this level. We consider the level of 110.80 as a potential value for the top, upon reaching which, we expect a pullback to the bottom.
A short-term downward movement is possible in the area of 109.62-109.41 and the breakdown of the last value will lead to a deep correction. Here, the target is 109.07 and this level is the key support for the top.
The main trend is the upward structure from January 31.
Trading recommendations:
Buy: 110.00 Take profit: 110.45
Buy: 110.49 Take profit: 110.80
Sell: 109.60 Take profit: 109.42
Sell: 109.38 Take profit: 109.10
For the Canadian dollar/Dollar pair, the key levels on the H1 scale are: 1.3389, 1.3337, 1.3312, 1.3271, 1.3240, and 1.3195. Here, we follow the development of the upward cycle from January 22. The short-term upward movement is expected in the area of 1.3312-1.3337, hence there is a high probability of a reversal to the bottom. We consider the level of 1.3389 as a potential value for the top, and we expect a movement to this level after the breakdown of 1.3337.
A short-term downward movement is possible in the range of 1.3271-1.3240 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3195 and this level is the key support for the top.
The main trend is the local ascending structure from January 22.
Trading recommendations:
Buy: 1.3313 Take profit: 1.3335
Buy: 1.3337 Take profit: 1.3387
Sell: 1.3370 Take profit: 1.3242
Sell: 1.3238 Take profit: 1.3195
For the Australian dollar/Dollar pair, the key levels on the H1 scale are: 0.6731, 0.6707, 0.6688, 0.6654, 0.6618, 0.6574, 0.6545, and 0.6505. Here, we follow the formation of the descending structure from February 5. We expect a continuation of the downward movement after the breakdown of 0.6654. In this case, the target is 0.6618 and consolidation is near this level. The breakdown of 0.6618 will lead to the development of a pronounced movement. Here, the target is 0.6574 and in the area of 0.6574-0.6545 is the short-term downward movement, as well as consolidation. We consider the level of 0.6505 as a potential value for the bottom, upon reaching which, we expect a pullback to the top.
A short-term upward movement is possible in the range of 0.6707-0.6731 and the breakdown of the last value will lead to the formation of initial conditions for the upward cycle. In this case, the potential target is 0.6774.
The main trend is the downward structure from February 5.
Trading recommendations:
Buy: 0.6708 Take profit: 0.6730
Buy: 0.6733 Take profit: 0.6772
Sell: 0.6654 Take profit: 0.6620
Sell: 0.6616 Take profit: 0.6576
For the Euro/Yen pair, the key levels on the H1 scale are: 120.72, 120.45, 120.21, 119.91, 119.75, 119.38, and 119.12. Here, we follow the downward structure from February 5. We expect the continuation of the downward movement after the price passes the range of 119.91-119.75. In this case, the target is 119.38. We consider the level of 119.12 as a potential value for the bottom, upon reaching this value, we expect consolidation and a pullback to the top.
A short-term downward movement is possible in the range of 120.21-120.45 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 120.72 and this level is the key support for the downward structure.
The main trend is the downward structure from February 5.
Trading recommendations:
Buy: 120.21 Take profit: 120.43
Buy: 120.47 Take profit: 120.70
Sell: 119.75 Take profit: 119.40
Sell: 119.36 Take profit: 119.12
For the Pound/Yen pair, the key levels on the H1 scale are: 142.42, 141.87, 140.97, 140.62, 140.10, and 139.81. Here, we follow the development of the downward structure from February 5. The short-term downward movement is expected in the range of 140.97-140.62 and the breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 140.10. We consider the level of 139.81 as a potential value for the bottom, after reaching which we expect consolidation, as well as a pullback to the top.
The short-term upward movement is possible in the range of 141.87-142.42 and the breakdown of the last value will lead to the formation of initial conditions for the upward cycle. In this case, the potential target is 143.26.
The main trend is the downward structure from February 5, the correction stage.
Trading recommendations:
Buy: 141.90 Take profit: 142.40
Buy: 142.45 Take profit: 143.20
Sell: 140.95 Take profit: 140.65
Sell: 140.58 Take profit: 140.10