FX.co ★ Fractal analysis of main currency pairs on July 28th

Forecast for July 28:

Analytical overview of currency pairs on the H1 scale:

The key levels for the euro / dollar pair on the H1 scale are: 1.1756, 1.1723, 1.1662, 1.1619, 1.1564 and 1.1539. Here, the price is near the limit values for the upward cycle from July 10. In this connection, we expect to move into the correction zone. A short-term upward movement is possible in the range of 1.1723 - 1.1756. We expect a key reversal from here. The level of 1.1662 is a key resistance for the development of a corrective movement and its breakdown will lead to a movement to the level of 1.1619. For the potential value for the bottom, we consider the level of 1.1564, to which we expect the initial conditions for the downward cycle to form.

The main trend is the upward structure from July 10

Trading recommendations:

Buy: Take profit:

Buy: Take profit:

Sell: 1.1662 Take profit: 1.1620

Sell: 1.1617 Take profit: 1.1566

The key levels for the pound / dollar pair on the H1 scale are: 1.2994, 1.2916, 1.2878, 1.2783, 1.2750 and 1.2709. Here, we continue to follow the upward structure of July 14. A short-term upward movement is expected in the range of 1.2878 - 1.2916. We consider the level of 1.2994 as a potential value for the top. Upon reaching which, we expect consolidation as well as a downward pullback.

A short-term downward movement is possible in the range of 1.2783 - 1.2750. The breakdown of the last value will lead to a deep correction. Here, the target is 1.2709. This is a key support level for the top.

The main trend is the upward cycle from July 14.

Trading recommendations:

Buy: 1.2878 Take profit: 1.2814

Buy: 1.2818 Take profit: 1.2990

Sell: 1.2783 Take profit: 1.2751

Sell: 1.2749 Take profit: 1.2710

The key levels for the dollar / franc pair on the H1 scale are: 0.9260, 0.9214, 0.9194, 0.9162, 0.9128 and 0.9089. Here, we are following the development of the July 16 downward cycle. A short-term downward movement is expected in the range 0.9162 - 0.9128, hence, there is a high probability of an upward reversal. For the potential value for the bottom, we consider the level of 0.9089. Upon reaching which, we expect a pullback.

A short-term upward movement is possible in the range of 0.9229 - 0.9260. We expect the initial conditions for an upward cycle to be formed to the level of 0.9260.

The main trend is the downward structure from July 16, the stage of correction

Trading recommendations:

Buy : 0.9230 Take profit: 0.9260

Buy : Take profit:

Sell: 0.9161 Take profit: 0.9132

Sell: 0.9126 Take profit: 0.9090

The key levels for the dollar / yen pair on the scale are: 106.38, 106.04, 105.81, 105.52, 105.33, 104.98 and 104.72. Here, we are following the development of the downward structure from July 20. The continuation of the downward movement is expected after the price passes the noise range 105.52 - 105.33. In this case, the target is 104.98. For the potential value for the bottom, we consider the level 104.72. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 105.81 - 106.04. The breakdown of the last level will lead to a deep correction. Here, the target is 106.38. This is a key support level for the bottom.

The main trend is the downward structure from July 20

Trading recommendations:

Buy: 105.81 Take profit: 106.02

Buy : 106.06 Take profit: 106.36

Sell: 105.33 Take profit: 105.00

Sell: 104.96 Take profit: 104.74

The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3468, 1.3437, 1.3395, 1.3358, 1.3303, 1.3274 and 1.3211. Here, we are following the downward structure from July 14th. At the moment, we expect movement to the level of 1.3303. Price consolidation is in the range of 1.3303 - 1.3274. We consider the level of 1.3211 as 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 1.3358 - 1.3395. The breakdown of the last value will lead to a deep correction. Here, the target is 1.3437. The range of 1.3437 - 1.3468 is the key support for the downward structure. We expect the initial conditions for the upward cycle to be formed to the level of 1.3468.

The main trend is the descending structure from July 14

Trading recommendations:

Buy: 1.3360 Take profit: 1.3393

Buy : 1.3397 Take profit: 1.3437

Sell: 1.3303 Take profit: 1.3275

Sell: 1.3272 Take profit: 1.3213

The key levels for the Australian dollar / dollar pair on the H1 scale are : 0.7268, 0.7236, 0.7213, 0.7182, 0.7128, 0.7104 and 0.7064. Here, the price formed a local upward structure from July 24. The continuation of the upward movement is expected after the breakdown of the level of 0.7182. In this case, the target is 0.7213. Price consolidation is in the range of 0.7213 - 0.7236. For the potential value for the top, we consider the level of 0.7268. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range of 0.7128 - 0.7104. The breakdown of the last level will favor the development of a downward structure. In this case, the first target is 0.7064.

The main trend is the local upward structure of July 24

Trading recommendations:

Buy: 0.7182 Take profit: 0.7213

Buy: 0.7214 Take profit: 0.7233

Sell : 0.7128 Take profit : 0.7105

Sell: 0.7102 Take profit: 0.7065

The key levels for the euro / yen pair on the H1 scale are: 125.37, 124.66, 124.26, 123.67, 123.21, 122.56 and 122.26. Here, we are following the July 10 upward structure. At the moment, the price is in correction. A short-term upward movement is expected in the range 124.26 - 124.66. The breakdown of the last level will allow us to count on a movement to a potential target - 125.37. Upon reaching this level, we expect a downward pullback.

A short-term downward movement, as well as consolidation, are possible in the range of 123.67 - 123.21. The breakdown of the last value will lead to a deep correction. Here, the target is 122.56. The range of 122.56 - 122.26 is the key support for the upside.

The main trend is the upward structure from July 10, the stage of correction

Trading recommendations:

Buy: 124.26 Take profit: 124.66

Buy: 124.70 Take profit: 125.35

Sell: 123.65 Take profit: 123.25

Sell: 123.18 Take profit: 122.60

The key levels for the pound / yen pair on the H1 scale are : 138.41, 137.73, 137.25, 136.55, 136.04, 135.48, 135.18 and 134.75. Here, we are following the upward structure from July 17. At the moment, the price is in the correction area. A short-term upward movement is expected in the range of 136.04 - 136.55. The breakdown of the last value should be accompanied by a pronounced upward movement. In this case, the target is 137.25. There is a short-term upward movement in the range of 137.25 - 137.73. For the potential value for the top, we consider the level of 138.41. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is expected in the range of 135.48 - 135.18. The breakdown of the last level will lead to a deep correction. Here, the target is 134.75. This is a key support level for the top.

The main trend is the upward structure from July 17

Trading recommendations:

Buy: 136.05 Take profit: 136.55

Buy: 136.60 Take profit: 137.25

Sell: 135.16 Take profit: 134.80

Sell: 134.75 Take profit: 134.10