FX.co ★ Fractal analysis of main currency pairs on July 14th

Forecast for July 14 :

Analytical review of currency pairs on the scale of H1:

The key levels for the euro / dollar pair on the H1 scale are: 1.1466, 1.1421, 1.1381, 1.1330, 1.1312, 1.1283 and 1.1257. Here, we are following the formation of the ascending structure of July 10. The continuation of the upward movement is expected after the breakdown of the level of 1.1381. In this case, the target is 1.1421. Price consolidation is near this level. The breakdown of the level of 1.1421 will allow you to count on movement towards a potential target - 1.1466. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 1.1330 - 1.1312. The breakdown of the last level will lead to a deeper correction. Here, the goal is 1.1283. This is a key support level for the top.

The main trend is the formation of the ascending structure of July 10

Trading recommendations:

Buy: 1.1381 Take profit: 1.1420

Buy: 1.1423 Take profit: 1.1465

Sell: 1.1330 Take profit: 1.1313

Sell: 1.1310 Take profit: 1.1285

The key levels for the pound / dollar pair on the H1 scale are: 1.2797, 1.2749, 1.2697, 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 1.2698. In this case, the target is 1.2749. From this level, there is a high probability of a reversal to correction. 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 1.2557 - 1.2490. We expect the initial conditions for the downward cycle to be drawn up to the level of 1.2490.

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

Trading recommendations:

Buy: 1.2636 Take profit: 1.2695

Buy: 1.2698 Take profit: 1.2747

Sell: Take profit:

Sell: 1.2555 Take profit: 1.2492

The key levels for the dollar / franc pair on the H1 scale are: 0.9474, 0.9456, 0.9444, 0.9427, 0.9406, 0.9391, 0.9380, 0.9362 and 0.9346. Here, the price is in correction from the downward structure and forms the potential for the top of July 9th. The continuation of the upward movement is expected after the breakdown of the level of 0.9427. In this case, the target is 0.9444. Price consolidation is in the range of 0.9444 - 0.9456. For the potential value for the top, we consider the level of 0.9474. Upon reaching this level, we expect a downward pullback.

The range of 0.9391 - 0.9380 is a key support and its price passing this level will lead to the subsequent development of a downward trend. In this case, the target is 0.9362. As a potential value for the bottom, we consider the level of 0.9346.

The main trend is the descending structure of June 30, the formation of potential for the top of July 9.

Trading recommendations:

Buy : 0.9428 Take profit: 0.9444

Buy : 0.9456 Take profit: 0.9474

Sell: 0.9390 Take profit: 0.9383

Sell: 0.9380 Take profit: 0.9362

For the Dollar / Yen pair, the key levels on the scale are : 108.00, 107.83, 107.57, 107.38, 107.15, 107.01, 106.84 and 106.67. Here, the price registered the expressed initial conditions for the top of July 10. Continuation of the movement to the top, we expect after the breakdown of 107.38, in this case the target is 107.57, in this range consolidation. Breakdown of the level of 107.58 should be accompanied by a pronounced upward movement, here the target is 107.83. The potential value for the top, we consider the level of 108.00, upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement, possibly in the range 107.15 - 107.01, a breakdown of the latter value will lead to in-depth movement, here the target is 106.85, this level is a key support for the top, its breakdown will lead to the development of a downward structure, in this case the target is 106.67.

The main trend: the rising structure of July 10

Trading recommendations:

Buy: 107.40 Take profit: 107.55

Buy : 107.58 Take profit: 107.80

Sell: 107.15 Take profit: 107.02

Sell: 107.00 Take profit: 106.87

The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3740, 1.3701, 1.3671, 1.3634, 1.3568, 1.3539, 1.3487 and 1.3442. Here, the price forms the potential for the top of July 9th. The continuation of the upward movement is expected after the breakdown of the level of 1.3634. In this case, the target is 1.3671. A short-term upward movement, as well as consolidation are in the range of 1.3671 - 1.3701. For the potential value for the top, we consider the level of 1.3740. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 1.3568 - 1.3539. The breakdown of the last level will lead to the formation of a local downward structure. Here, the potential target is 1.3487. For the potential value for the bottom, we consider the level of 1.3442.

The main trend is the local descending structure of July 8, the formation of potential for the top of July 9

Trading recommendations:

Buy: 1.3635 Take profit: 1.3671

Buy : 1.3673 Take profit: 1.3700

Sell: 1.3568 Take profit: 1.3540

Sell: 1.3537 Take profit: 1.3488

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 are following 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: 123.67, 123.21, 122.56, 122.03, 121.31, 121.03, 120.66 and 120.23. Here, we are following the formation of the ascending structure of July 10. Continuation of the movement to the top, we expect after the breakdown of 122.03, in this case the target is 122.56, consolidation near this level. Breakdown 122.57 should be accompanied by a pronounced upward movement, here the goal is 123.21. The potential value for the top, we consider the level of 123.67, upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement, possibly in the corridor 121.31 - 121.03, the breakdown of the last value will lead to an in-depth correction, the target is -120.66, this level is a key support for the top.

The main trend is the formation of potential for the upward cycle of July 10

Trading recommendations:

Buy: 122.05 Take profit: 122.55

Buy: 122.58 Take profit: 123.20

Sell: 121.31 Take profit: 121.04

Sell: 121.00 Take profit: 120.67

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. At the moment, the price is in correction and forms a pronounced potential of July 9. A short-term upward movement is expected 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 consolidated movement is expected in the range of 134.68 - 134.33. The breakdown of the last level will lead to a deeper correction. Here, the goal is 133.77. This is a key support level for the top and its price passage will allow you to count on movement to a potential target - 133.00.

The main trend is the rising structure of June 29, the correction stage (potential for the bottom of July 9)

Trading recommendations:

Buy: 135.50 Take profit: 135.96

Buy: 136.00 Take profit: 136.70

Sell: 134.31 Take profit: 133.78

Sell: 133.72 Take profit: 133.00