Fractal analysis of major currency pairs on April 5

Forecast for April 5:

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, we continue to monitor the formation of the ascending structure 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's a probability of a reversal to the top. The breakdown of the level of 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, 1.3153, 1.3103, 1.3051 and 1.2984. Here, the price is close to the abolition of the ascending structure of March 29, for which a breakdown of the level of 1.3050 is necessary. In this case, the first potential target is 1.2984. Continuation of the movement to the top is expected after the breakdown of the level of 1.3153. Here, the first target is 1.3210. The breakdown of which, in turn, will start the development of the upward cycle on the H1 scale. 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.

The main trend is the upward structure of March 29, the stage of deep correction.

Trading recommendations:

Buy: 1.3153 Take profit: 1.3210

Buy: 1.3210 Take profit: 1.3270

Sell: 1.3050 Take profit: 1.2990

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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 expect a movement to the level of 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 upward structure of March 27.

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, 111.62, 111.42 and 111.14. Here, we are following the development of the ascending structure of March 25. At the moment, we expect the movement to the level of 112.05. Meanwhile, in the range of 112.05 - 112.26, there is a short-term upward movement, as well as 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 111.62 - 111.42. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 111.14. This level is a key support for the upward structure.

The main trend: the ascending structure of March 25.

Trading recommendations:

Buy: 111.72 Take profit: 112.05

Buy: 112.07 Take profit: 112.24

Sell: 111.62 Take profit: 111.44

Sell: 111.40 Take profit: 111.15

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3450, 1.3429, 1.3401, 1.3376, 1.3329, 1.3300, 1.3257, 1.3229 and 1.3189. Here, the price forms the potential for the top of April 3 in the correction of the downward structure. Development of the upward movement is expected after the breakdown of the level of 1.3376. In this case, the first goal is 1.3401, wherein consolidation is near this level. The breakdown of the level of 1.3401 should be accompanied by a pronounced upward movement. Here, the target is 1.3429. For the potential value for the top, we consider the level of 1.3450. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 1.3329 - 1.3300. The breakdown of the latter value will lead to the development of a pronounced movement. 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.

The main trend is the downward structure of March 28, the formation of the potential for the top of April 3.

Trading recommendations:

Buy: 1.3376 Take profit: 1.3400

Buy : 1.3406 Take profit: 1.3429

Sell: 1.3329 Take profit: 1.3303

Sell: 1.3228 Take profit: 1.3257

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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 continue to monitor the formation of the ascending structure of April 2. Continuation of the movement to the top is expected after the breakdown of the level of 0.7131. In this case, the goal is 0.7153, wherein 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 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 the level 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, 146.61, 146.09, 145.66 and 144.93. Here, we are following the development of the ascending structure from March 29. At the moment, the price is in the correction. Continuation of the movement to the top is expected after the breakdown of the level of 146.61. Here, the first target is 147.24. The breakdown of which, in turn, must be accompanied by a pronounced move to the top. In this case, the target is 148.20. Short-term upward movement is expected in the range of 148.20 - 148.87. Hence, the likelihood of the price going to a correction is also high. 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 146.09 - 145.66. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 144.93. This level is a key support for the upward structure.

The main trend is the upward structure of March 29, the stage of correction.

Trading recommendations:

Buy: 146.61 Take profit: 147.20

Buy: 147.30 Take profit: 148.20

Sell: 145.60 Take profit: 144.95

Sell: Take profit:

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

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