Fractal analysis of major currency pairs on April 4

Forecast for April 4:

Analytical review of H1-scale currency pairs:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1327, 1.1307, 1.1282, 1.1259, 1.1227, 1.1210, 1.1180 and 1.1134. Here, the price has issued the initial conditions for the upward movement of April 2. Short-term ascending movement is expected in the range of 1.1259 - 1.1282. The breakdown of the latter value will allow us to count on the movement to the level of 1.1307. For the potential value for the top, we consider the level of 1.1327. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 1.1227 - 1.1210. Hence, there is a probability of a reversal to the top. Meanwhile, the breakdown of the level 1.1210 will have to develop the downward structure. In this case, the first potential target is 1.1180.

The main trend is the formation of initial conditions for the top of April 2.

Trading recommendations:

Buy 1.1260 Take profit: 1.1280

Buy 1.1284 Take profit: 1.1305

Sell: 1.1227 Take profit: 1.1211

Sell: 1.1208 Take profit: 1.1189

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For the pound / dollar pair, the key levels on the H1 scale are: 1.3373, 1.3314, 1.3271, 1.3210, 1.3135, 1.3103 and 1.3051. Here, we are following the development of the ascending structure from March 29. Continuation of the movement to the top is expected after the breakdown of 1.3210. In this case, the target is 1.3271. Meanwhile, in the range of 1.3271 - 1.3314 we expect a short-term upward movement, as well as consolidation. For the potential value for the top, we consider the level of 1.3373. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 1.3135 - 1.3103. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3051. This level is a key support for the top.

The main trend is the upward structure of March 29.

Trading recommendations:

Buy: 1.3210 Take profit: 1.3270

Buy: 1.3274 Take profit: 1.3312

Sell: 1.3135 Take profit: 1.3105

Sell: 1.3100 Take profit: 1.3055

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For the dollar / franc pair, the key levels on the H1 scale are: 1.0065, 1.0040, 1.0023, 0.9996, 0.9975, 0.9961 and 0.9938. Here, we continue to follow the development of the ascending structure of March 27. At the moment, the price is in the correction. Continuation of the movement to the top is expected after the breakdown of 0.9996. In this case, the goal is 1.0023. Meanwhile, in the range of 1.0023 - 1.0040, there is a short-term upward movement, as well as consolidation. For the potential value for the top, we consider the level of 1.0065. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Consolidated movement is possible in the range of 0.9975 - 0.9961. Breaking the last value will lead to a prolonged correction. Here, the target is 0.9938. This level is a key support for the top.

The main trend is the ascending structure of March 27, the stage of correction.

Trading recommendations:

Buy: 0.9998 Take profit: 1.0020

Buy: 1.0025 Take profit: 1.0038

Sell: 0.9975 Take profit: 0.9964

Sell: 0.9958 Take profit: 0.9942

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For the dollar / yen pair, the key levels on the scale are: 112.69, 112.26, 112.05, 111.69, 111.45, 111.19, 111.00 and 110.67. Here, we are following the development of the ascending structure of March 25. Short-term upward movement is expected in the range of 111.45 - 111.69. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the goal is 112.05. Meanwhile, in the range of 112.05 - 112.26, there is a price consolidation. For the potential value for the top, we consider the level of 112.69. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 111.19 - 111.00. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 110.67. This level is a key support for the upward structure.

The main trend: the ascending structure of March 25.

Trading recommendations:

Buy: 111.47 Take profit: 111.66

Buy: 111.72 Take profit: 112.05

Sell: 111.19 Take profit: 111.03

Sell: 110.98 Take profit: 110.70

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For the Canadian dollar / US dollar pair , the key levels on the H1 scale are: 1.3381, 1.3349, 1.3329, 1.3300, 1.3257, 1.3229 and 1.3189. Here, we continue to follow the development of the downward structure of March 28. At the moment, the price is in the correction zone. Continuation of the movement to the bottom as an impulse is expected after the breakdown 1.3300. In this case, the target is 1.3257. Meanwhile, in the range of 1.3257 - 1.3229, there is a short-term downward movement, as well as consolidation. For the potential value for the bottom, we consider the level of 1.3189. After reaching this level, we expect a rollback to the top.

Consolidated movement is possible in the range of 1.3329 - 1.3349. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3381. This level is a key support for the downward structure of March 28.

The main trend is the downward structure of March 28, the stage of correction.

Trading recommendations:

Buy: Take profit:

Buy: 1.3351 Take profit: 1.3380

Sell: 1.3300 Take profit: 1.3260

Sell: 1.3255 Take profit: 1.3230

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For the Australian dollar / US dollar pair , the key levels on the H1 scale are: 0.7202, 0.7183, 0.7153, 0.7131, 0.7106, 0.7092, 0.7074 and 0.7048. Here, we are following the formation of the ascending structure from April 2. Continuation of the movement to the top is expected after the breakdown of 0.7131. In this case, the goal is 0.7153, and consolidation is near this level. The breakdown of the level of 0.7155 will lead to the development of a pronounced movement. Here, the target is 0.7183. For the potential value for the top, we consider the level of 0.7202. After reaching which, we expect a consolidation, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.7106 - 0.7092. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 0.7074. This level is a key support for the top.

The main trend is the formation of initial conditions for the top of April 2.

Trading recommendations:

Buy: 0.7131 Take profit: 0.7150

Buy: 0.7155 Take profit: 0.7180

Sell: 0.7106 Take profit: 0.7093

Sell: 0.7090 Take profit: 0.7077

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For the euro / yen pair, the key levels on the H1 scale are: 126.75, 126.27, 125.93, 125.43, 125.01, 124.78 and 124.44. Here, we are following the development of the March 28 upward cycle. Continuation of the movement to the top is expected after the breakdown of 125.45. In this case, the goal is 125.93. Meanwhile, in the range of 125.93 - 126.27, there is a short-term upward movement, as well as consolidation. For the potential value for the top, we consider the level of 126.75. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 125.01 - 124.78. The breakdown of the latter value will lead to a prolonged correction. In this case, the goal is 124.44. This level is a key support for the top.

The main trend is the upward cycle of March 28.

Trading recommendations:

Buy: 125.45 Take profit: 125.90

Buy: 125.95 Take profit: 126.20

Sell: 125.00 Take profit: 124.80

Sell: 124.75 Take profit: 124.50

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For the pound / yen pair, the key levels on the H1 scale are: 149.76, 148.87, 148.20, 147.24, 146.51, 146.09, 145.66 and 144.93. Here, we are following the development of the ascending structure from March 29. Continuation of the movement to the top is expected after the breakdown of 147.24. In this case, the goal is 148.20. The breakdown of which, in turn, will allow us to count on the movement to the level of 148.87. Moreover, we expect consolidation near this value. For the potential value for the top, we consider the level of 149.76. From which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 146.51 - 146.09. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 145.66. This level is a key support for the upward structure. Its breakdown will have to form the initial conditions for the downward cycle. In this case, the first potential target is 144.93.

The main trend is the upward structure of March 29.

Trading recommendations:

Buy: 147.30 Take profit: 148.20

Buy: 148.25 Take profit: 148.80

Sell: 146.50 Take profit: 146.15

Sell: 146.05 Take profit: 145.68

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

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