Fractal analysis of major currency pairs for April 12

Forecast for April 12 :

Analytical review of H1-scale currency pairs:

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For the Euro / Dollar pair, the key levels on the H1 scale are: 1.1352, 1.1327, 1.1307, 1.1282, 1.1248, 1.1236 and 1.1218. Here, we continue to follow the development of the ascending structure from April 2. Continuation of the movement to the top is expected after the breakdown of the level of 1.1284. In this case, the goal is 1.1307. Meanwhile, in the range of 1.1307 - 1.1327, there is a consolidation. The breakdown of the last value will count on the movement to the potential target - 1.1352. Upon reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 1.1248 - 1.1236. Breaking the last value will lead to a prolonged correction. Here, the goal is 1.1218. This level is the key support for the top.

The main trend is the ascending structure of April 2.

Trading recommendations:

Buy 1.1284 Take profit: 1.1305

Buy 1.1309 Take profit: 1.1325

Sell: 1.1248 Take profit: 1.1237

Sell: 1.1234 Take profit: 1.1220

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For the pound / dollar pair, the key levels on the H1 scale are: 1.3189, 1.3123, 1.3088, 1.3027, 1.2984, 1.2959, 1.2924 and 1.2876. Here, the price has entered an equilibrium state. Continuation to the bottom is possible after breakdown 1.3027. In this case, the first target is the level of 1.2984. Short-term downward movement is expected in the range of 1.2984 - 1.2959. The breakdown of the latter value will lead to the movement to the level of 1.2924, wherein we expect consolidation near this value. For the potential value for the bottom, we consider the level of 1.2876, from which we expect the departure of a correction.

Short-term upward movement is possible in the range of 1.3088 - 1.3123. The breakdown of the latter value will have to develop an upward trend. Here, the first potential target is the level of 1.3189.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 1.3090 Take profit: 1.3120

Buy: 1.3124 Take profit: 1.3187

Sell: 1.3025 Take profit: 1.2987

Sell: 1.2984 Take profit: 1.2960

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For the dollar / franc pair, the key levels on the H1 scale are: 1.0110, 1.0080, 1.0065, 1.0040, 1.0012, 0.9998 and 0.9975. Here, we continue to follow the development of the ascending cycle of March 27. Continuation of the movement to the top is expected after the breakdown of the level of 1.0040. In this case, the goal is 1.0065. Meanwhile, in the range of 1.0065 - 1.0080, there is a short-term upward movement, as well as consolidation. We consider the level of 1.0110 to be a potential value for the top. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 1.0012 - 0.9998. The breakdown of the last value will lead to a prolonged correction. Here, the target is 0.9975. This level is a key support for the top.

The main trend - the ascending structure of March 27.

Trading recommendations:

Buy : 1.0040 Take profit: 1.0065

Buy : 1.0066 Take profit: 1.0080

Sell: 1.0012 Take profit: 0.9998

Sell: 0.9996 Take profit: 0.9975

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For the dollar / yen pair, the key levels on the scale are : 112.57, 112.34, 112.00, 111.87, 111.61, 111.47 and 111.25. Here, we are following the formation of the ascending structure from April 10. The development of which is expected after the passage by the price in the noise range of 111.87 - 112.00. In this case, the goal is 112.34. We consider the level of 112.57 to be a potential value for the top. Upon reaching this level, we expect a consolidation as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 111.61 - 111.47. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 111.25. This level is a key support for the upward structure.

The main trend: the ascending structure of April 10.

Trading recommendations:

Buy: 112.00 Take profit: 112.32

Buy: 112.36 Take profit: 112.55

Sell: 111.60 Take profit: 111.48

Sell: 111.45 Take profit: 111.27

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3509, 1.3479, 1.3438, 1.3421, 1.3401, 1.3360, 1.3340 and 1.3322. Here, after the cancellation of the descending structure of April 5, we are following the formation of the ascending structure of April 9. Continuation of the movement to the top is expected after the breakdown of the level of 1.3401. In this case, the goal is 1.3421, wherein price consolidation is near this level. The price passes of the noise range of 1.3421 - 1.3438, and thus, it should be accompanied by a pronounced upward movement. Here, the target is 1.3479, in which consolidation is near this level. For the potential value for the top, we consider the level of 1.3509. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range 1.3360 - 1.3340. The breakdown of the latter value will lead to the development of a protracted correction. Here, the target is 1.3322, this level is a key support for the upward structure.

The main trend is the formation of the upward potential of April 9.

Trading recommendations:

Buy: 1.3401 Take profit: 1.3420

Buy : 1.3438 Take profit: 1.3479

Sell: 1.3360 Take profit: 1.3343

Sell: 1.3339 Take profit: 1.3322

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For the pair Australian dollar / US dollar key levels on the H1 scale are : 0.7229, 0.7202, 0.7183, 0.7153, 0.7143, 0.7125 and 0.7108. Here, we continue to follow the development of the ascending structure from April 2. Continuation of the movement to the top is expected after the price passes the noise range of 0.7143 - 0.7153. In this case, the first target is the level of 0.7183. he breakdown of which will allow us to expect a movement to the level of 0.7202, wherein consolidation is near this level. The breakdown of the level of 0.7202 will lead to the movement to the potential target - 0.7229. Upon reaching this value, we expect to go into a correction.

Short-term downward movement is possible in the range of 0.7125 - 0.7108. Hence, we expect a key upward reversal. The breakdown of the level of 0.7108 will lead to the development of a downward structure from April 10. In this case, the first potential target is 0.7087.

The main trend is the upward cycle of April 2, the stage of deep correction.

Trading recommendations:

Buy: 0.7155 Take profit: 0.7180

Buy: 0.7185 Take profit: 0.7200

Sell : 0.7106 Take profit : 0.7090

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For the euro / yen pair, the key levels on the H1 scale are: 126.95, 126.64, 126.25, 125.93, 125.73 and 125.46. Here, we determined the subsequent targets for the top from the local ascending structure on April 10. Continuation of the movement to the top is expected after the breakdown of the level of 126.25. In this case, the target is 126.64. For the potential value for the top, we consider the level of 126.95. After reaching which, we expect a rollback to the correction.

Short-term downward movement is possible in the range of 125.93 - 125.73. The breakdown of the latter value will lead to a prolonged correction. In this case, the goal is 125.46. This level is a key support for the top.

The main trend is the local upward structure of April 10.

Trading recommendations:

Buy: 126.25 Take profit: 126.62

Buy: 126.66 Take profit: 126.95

Sell: 125.90 Take profit: 125.73

Sell: 125.70 Take profit: 125.50

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For the pound / yen pair, the key levels on the H1 scale are : 147.18, 146.81, 146.37, 146.18, 145.37, 145.04, 144.66, 144.44, 144.05, 143.49 and 143.15. Here, we are following the development of the downward cycle of April 3. At the moment, the price is in deep correction.

Short-term downward movement is possible in the range of 145.37 - 145.04. The breakdown of the latter value will lead to the movement to the level of 144.66. Meanwhile, the price passing of the noise range of 144.66 - 144.44 will lead to the development of a downward cycle on the H1 scale. In this case, the goal is 144.05, wherein consolidation is near this level. The breakdown of the level of 144.05 should be accompanied by a pronounced downward movement to the level of 143.49. For the potential value for the bottom, we consider the level of 143.15. After reaching which, we expect consolidation, as well as rollback to the top.

The range of 146.18 - 146.37 is a key support for the downward cycle. Its price passage will lead to the development of an upward trend. Here, the first target is 146.81. For the potential target for the top, we consider the level of 147.18, which we expect a consolidation near it.

The main trend is the downward cycle of April 3, the stage of deep correction.

Trading recommendations:

Buy: 146.40 Take profit: 146.80

Buy: 146.84 Take profit: 147.18

Sell: 145.35 Take profit: 145.10

Sell: 145.00 Take profit: 144.66

The material has been provided by InstaForex Company - www.instaforex.com

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