FX.co ★ Fractal analysis of the main currency pairs for July 9th

Forecast for July 9:

Analytical review of currency pairs on the scale of H1:

The key levels for the euro / dollar pair on the H1 scale are: 1.1467, 1.1424, 1.1393, 1.1376, 1.1349, 1.1330 and 1.1293. Here, we are following the rising structure from July 1. A short-term upward movement is expected in the range of 1.1376 - 1.1393. The breakdown of the last level will lead to a movement to the level of 1.1424, near which we expect consolidation. For the potential value for the top, we consider the level of 1.1467. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 1.1349 - 1.1330. The breakdown of the last level will lead to a deeper correction. Here, the target is 1.1293. This is a key support level for the top.

The main trend is the upward structure of July 1

Trading recommendations:

Buy: 1.1376 Take profit: 1.1392

Buy: 1.1394 Take profit: 1.1422

Sell: 1.1349 Take profit: 1.1331

Sell: 1.1328 Take profit: 1.1295

The key levels for the pound / dollar pair on the H1 scale are: 1.2797, 1.2749, 1.2697, 1.2643, 1.2597, 1.2557 and 1.2490. Here, we are following the development of the upward cycle of June 30. The continuation of the upward movement is expected after the breakdown of the level of 1.2643. In this case, the target is 1.2697. Price consolidation is near this level. The breakdown of the level of 1.2698 will lead to movement up to 1.2749. There is a high probability of a reversal to correction from this value. For the potential value for the top, we consider the level of 1.2797.

A short-term downward movement is expected in the range of 1.2597 - 1.2557. The breakdown of the last level will lead to a deeper correction. Here, the target is 1.2490. This is a key support level for the top.

The main trend is the upward structure of June 30

Trading recommendations:

Buy: 1.2644 Take profit: 1.2695

Buy: 1.2698 Take profit: 1.2747

Sell: 1.2596 Take profit: 1.2558

Sell: 1.2555 Take profit: 1.2492

The key levels for the dollar / franc pair on the H1 scale are: 0.9434, 0.9407, 0.9389, 0.9363, 0.9346, 0.9317 and 0.9290. Here, we are watching the descending structure of June 30th. We expect a short-term downward movement, as well as consolidation in the range of 0.9363 - 0.9346. The breakdown of the level of 0.9346 should be accompanied by a pronounced downward movement. Here, the target is 0.9317. For the potential value for the bottom, we consider the level of 0.9290. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is expected in the range of 0.9389 - 0.9407. The breakdown of the last level will lead to a deeper correction. Here, the target is 0.9434. This is a key support level for the bottom.

The main trend is the downward structure of June 30

Trading recommendations:

Buy : 0.9390 Take profit: 0.9406

Buy : 0.9408 Take profit: 0.9432

Sell: 0.9363 Take profit: 0.9346

Sell: 0.9344 Take profit: 0.9318

The key levels for the dollar / yen pair on the scale are : 108.19, 107.88, 107.57, 107.37, 107.04, 106.71, 106.52 and 106.20. Here, we follow the descending structure of July 1 as the main structure. The continuation of the downward movement is expected after the breakdown of the level of 107.04. In this case, the target is 106.71. Price consolidation is in the range of 106.71 - 106.52. We consider the level 106.20 to be a potential value for the bottom; upon reaching this level, we expect an upward pullback.

A short-term upward movement is possible in the range of 107.37 - 107.57. The breakdown of the last value will lead to a deeper movement. Here, the target is 107.88. This is a key support level for the downward structure and the price passing this level will lead to the formation of initial conditions for the top. In this case, the potential target - 108.19.

The main trend is the descending structure of July 1

Trading recommendations:

Buy: 107.37 Take profit: 107.55

Buy : 107.58 Take profit: 107.85

Sell: 107.04 Take profit: 106.73

Sell: 106.69 Take profit: 106.54

The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3622, 1.3559, 1.3528, 1.3479, 1.3442, 1.3393, 1.3357 and 1.3309. Here, we identified from the local descending structure on July 8th as the subsequent goals for the bottom. A short-term downward movement is expected in the range of 1.3479 - 1.3442. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 1.3393. Price consolidation is in the range of 1.3393 - 1.3357. For the potential value for the bottom, we consider the level of 1.3309. Upon reaching which, we expect an upward pullback.

A short-term upward movement is possible in the range of 1.3528 - 1.3559. The breakdown of the last level will favor the formation of an upward structure. Here, the potential target is 1.3622.

The main trend is the local descending structure of July 8

Trading recommendations:

Buy: 1.3528 Take profit: 1.3557

Buy : 1.3561 Take profit: 1.3620

Sell: 1.3479 Take profit: 1.3444

Sell: 1.3440 Take profit: 1.3395

The key levels for the Australian dollar / dollar pair on the H1 scale are : 0.7095, 0.7056, 0.7037, 0.7008, 0.6986, 0.6953, 0.6933 and 0.6898. Here, we follow the upward cycle of June 30. A short-term upward movement is expected in the range 0.6986 - 0.7008. The breakdown of the last level should be accompanied by a pronounced upward movement. Here, the target is 0.7037. Price consolidation is in the range of 0.7037 - 0.7056, and hence, the probability of a downward turn is high. For the potential value for the top, we consider the level of 0.7095. Upon reaching which, we expect a downward pullback.

A consolidated movement is possible in the range 0.6953 - 0.6933. The breakdown of the last level will lead to a deeper correction. Here, the target is 0.6898. This is a key support level for the top.

The main trend is the upward cycle of June 30, the correction stage

Trading recommendations:

Buy: 0.6987 Take profit: 0.7006

Buy: 0.7010 Take profit: 0.7037

Sell : 0.6953 Take profit : 0.6935

Sell: 0.6932 Take profit: 0.6900

The key levels for the euro / yen pair on the H1 scale are: 123.45, 122.91, 122.47, 121.87, 121.66, 121.22, 120.94, 120.51 and 120.12. A short-term upward movement in the range of 121.66 - 121.87 is expected. The breakdown of the last level will lead to a pronounced upward movement. Here, the target is 122.47. Price consolidation is near this level. Its breakdown will allow you to expect movement to the level of 122.91. There is a high probability of a downward turn from this value. For the potential value for the top, we consider the level of 123.45. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range of 121.22 - 120.94. The breakdown of the last level will lead to a deeper movement. Here, the target is 120.51. This is a key support level for the top and its breakdown will lead to the formation of a downward structure. In this case, the potential target is 120.12.

The main trend is the local upward structure of June 26

Trading recommendations:

Buy: 121.88 Take profit: 122.45

Buy: 122.49 Take profit: 122.90

Sell: 121.20 Take profit: 120.95

Sell: 120.92 Take profit: 120.55

The key levels for the pound / yen pair on the H1 scale are : 137.13, 136.73, 135.98, 135.49, 134.68, 134.33 and 133.77. Here, we are following the development of the ascending structure of June 29. We expect a short-term upward movement in the range of 135.49 - 135.98. The breakdown of the last level will lead to a pronounced upward movement. Here, the target is 136.73. For the potential value for the top, we consider the level 137.13. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement in the range 134.68 - 134.33 is expected. The breakdown of the last level will lead to a deeper correction. Here, the target is 133.77. This is a key support level for the top.

The main trend is the upward structure of June 29

Trading recommendations:

Buy: 135.50 Take profit: 135.96

Buy: 136.00 Take profit: 136.70

Sell: 134.67 Take profit: 134.33

Sell: 134.31 Take profit: 133.78