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Fractal analysis of major currency pairs for April 19

Forecast for April 19:

Analytical overview of currency pairs on the H1 scale:

For the Euro / Dollar pair, the key levels on the H1 scale are: 1.2044, 1.2010, 1.1995, 1.1966, 1.1951 and 1.1921. Here, we are following the development of the upward cycle of March 31st. A short-term upward movement is expected in the corridor 1.1995 – 1.2010, a breakdown of the last value will lead to a pronounced upward movement, here the target is 1.2044, a rollback to the bottom is expected from this level.

A short-term downward movement, possibly in the corridor 1.1966 – 1.1951, a breakdown of the last value will lead to a deep correction, here the target is 1.1921, this level is a key support for the top.

The main trend is the upward structure of March 31

Trading recommendations:

Buy: 1.1996 Take profit: 1.2010

Buy: 1.2012 Take profit: 1.2044

Sell: 1.1966 Take profit: 1.1953

Sell: 1.1949 Take profit: 1.1924

For the Pound / Dollar pair, the key levels on the H1 scale are: 1.4004, 1.3959, 1.3937, 1.3894, 1.3863, 1.3807, 1.3775 and 1.3737. Here, we are following the development of the April 12 ascending structure. A short-term upward movement is expected in the 1.3863 – 1.3894 corridor, a breakdown of the last value will lead to a pronounced upward movement, here the target is 1.3937, price consolidation in the 1.3937 – 1.3959 corridor. A potential value for the top, we consider the level 1.4004, upon reaching which, we expect a rollback to the bottom.

A short-term downward movement is expected in the 1.3807 – 1.3775 corridor, a breakdown of the last value will lead to a deep correction, here the target is 1.3737, this level is a key support for the top.

The main trend is the upward structure from April 12

Trading recommendations:

Buy: 1.3864 Take profit: 1.3892

Buy: 1.3896 Take profit: 1.3937

Sell: 1.3807 Take profit: 1.3777

Sell: 1.3773 Take profit: 1.3740

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For the Dollar / Franc pair, the key levels on the H4 scale are: 0.9283, 0.9248, 0.9226, 0.9187, 0.9161, 0.9108, 0.9086 and 0.9049. Here, we are following the development of the descending structure from April 1st. A short-term downward movement is expected in the corridor 0.9187 – 0.9161, a breakdown of the last value will lead to a pronounced downward movement, here the target is 0.9108, in the corridor 0.9108 – 0.9086 there is a short-term downward movement, as well as consolidation. The potential value for the bottom, we consider the level of 0.9049, upon reaching which, we expect a rollback to the top.

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A short-term upward movement, possibly in the corridor 0.9226 – 0.9248, a breakdown of the last value will lead to a deep correction, here the target is 0.9283, this level is a key support for the bottom.

The main trend is the descending structure from April 1

Trading recommendations:

Buy: 0.9226 Take profit: 0.9248

Buy: 0.9250 Take profit: 0.9283

Sell: 0.9186 Take profit: 0.9163

Sell: 0.9160 Take profit: 0.9108

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For the Dollar / Yen pair, the key levels on the scale are: 109.11, 108.82, 108.63, 108.29, 108.13, 107.80, 107.66 and 107.43. Here, we are following the development of the local descending structure from April 9th. At the moment, we expect to reach the level of 108.29, in the corridor 108.29 – 108.13, a short-term downward movement, as well as consolidation. The breakdown of the level 108.13 will lead to the development of a pronounced downward movement, here the target is 107.80, in the corridor 107.80 – 107.66 price consolidation. A potential value for the bottom, we consider the level 107.43, upon reaching which, we expect a rollback to the top.

A short-term upward movement is expected in the corridor 108.63 – 108.82, a breakdown of the last value will lead to a deep correction, here the target is 109.11, this level is a key support for the bottom.

Main trend: local descending structure from April 9

Trading recommendations:

Buy: 108.63 Take profit: 108.80

Buy: 108.84 Take profit: 109.10

Sell: 108.12 Take profit: 107.83

Sell: 107.64 Take profit: 107.44

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For the Canadian dollar / dollar pair, the key levels on the H1 scale are: 1.2578, 1.2554, 1.2535, 1.2501, 1.2487, 1.2463, 1.2449 and 1.2416. Here we are monitoring the downward potential from April 13th. The continuation of the downward movement is expected after the price passes the noise range 1.2501 – 1.2487, in this case the target is 1.2463, in the corridor 1.2463 – 1.2449 there is consolidation. A breakdown of the level 1.2449 will lead to a movement to a potential target – 1.2416, upon reaching this level, we expect a rollback to the top.

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A short-term upward movement is expected in the range 1.2535 – 1.2554, a breakdown of the last value will lead to a deep correction, here the target is 1.2578, this level is the key support for the downward structure on April 13.

The main trend is the descending structure from April 13

Trading recommendations:

Buy: 1.2535 Take profit: 1.2552

Buy: 1.2555 Take profit: 1.2578

Sell: 1.2485 Take profit: 1.2464

Sell: 1.2447 Take profit: 1.2416

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For the Australian dollar / dollar pair, the key levels on the H1 scale are: 0.7860, 0.7813, 0.7790, 0.7762, 0.7721, 0.7701 and 0.7665. Here, we are following the development of the April 1 ascending structure. Continuation of the movement to the top, we expect after the breakdown of 0.7762, in this case the target is 0.7790, in the corridor 0.7790 – 0.7813 price consolidation. A potential value for the top, we consider the level of 0.7860, upon reaching which, we expect consolidation, as well as a rollback to the bottom.

A short-term downward movement, possibly in the corridor 0.7721 – 0.7701, a breakdown of the last value will lead to a deep correction, here the target is 0.7665, this level is a key support for the top.

The main trend is the upward structure from April 1

Trading recommendations:

Buy: 0.7762 Take profit: 0.7790

Buy: 0.7814 Take profit: 0.7860

Sell: 0.7721 Take profit: 0.7702

Sell: 0.7700 Take profit: 0.7666

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For the Euro / Yen pair, the key levels on the H1 scale are: 131.72, 131.22, 130.98, 130.61, 130.27, 129.86, 129.57 and 129.16. Here, the situation is in equilibrium and so far we do not observe pronounced initial conditions for both directions. Consolidated movement, we expect in the range 130.27 – 130.61, the breakout of the last value will lead to a pronounced movement, here the target is 130.98, in the corridor 130.98 – 131.22 price consolidation. A potential value for the top, we consider the level of 131.72, upon reaching which, we expect a rollback to the bottom.

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A short-term downward movement is expected in the range of 129.86 – 129.57, a breakdown of the last value will lead to a deep correction, here the target is 129.16, this level is a key support for the top.

The main trend is the upward structure from March 25

Trading recommendations:

Buy: 130.63 Take profit: 130.98

Buy: 131.23 Take profit: 131.70

Sell: 129.84 Take profit: 129.58

Sell: 129.55 Take profit: 129.16

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For the pound / yen pair, the key levels on the H1 scale are: 151.64, 150.81, 150.25, 149.42, 148.66, 147.92, 147.45 and 146.45. Here, we are following the development of the descending structure from April 6th. Continuation of the movement to the bottom, we expect after the breakdown of 149.42, in this case the target is 148.66, near this level there is consolidation. Breakdown of 148.66 will lead to the development of a pronounced downward movement, here the target is 147.92, consolidation in the corridor 147.92 – 147.45. A potential value for the bottom, we consider the level 146.45, from which we expect a rollback to the top.

A short-term upward movement is expected in the range of 150.25 – 150.81, a breakdown of the last value will lead to a deep correction, here the target is 151.64, this level is a key support for the bottom.

The main trend is the downward cycle from April 6

Trading recommendations:

Buy: 150.25 Take profit: 150.80

Buy: 150.84 Take profit: 151.60

Sell: 149.40 Take profit: 148.68

Sell: 148.64 Take profit: 147.92

If you have questions about this analytics, you can ask them on the Forexdengi.com forum in the analytics section from Alexey Almazov

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Source: InstaForex

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