Black Pipper

Forex Dreamers

Fractal analysis of major currency pairs for April 22

Forecast for April 22:

Analytical overview of currency pairs on the H1 scale:

For the Euro / Dollar pair, the key levels on the H1 scale are: 1.2218, 1.2195, 1.2160, 1.2128, 1.2088, 1.2046, 1.2022, 1.1994 and 1.1943. Here the price has formed a local upward structure from April 19, which allows expanding the potential for the top. Continuation of the upward movement is expected after the breakdown of 1.2088, in this case the target is 1.2128, in the corridor 1.2128 – 1.2160 there is a short-term upward movement, as well as consolidation. A breakdown of the level 1.2160 will allow us to count on a movement to a potential target – 1.2218, upon reaching which we expect consolidation, in the corridor 1.2195 – 1.2218, from here we expect a rollback downward.

A short-term downward movement is possible in the corridor 1.2022 – 1.1994, a breakdown of the last value will encourage the formation of a downward structure, here the potential target is 1.1943.

The main trend is the local structure for the top from April 19

Trading recommendations:

Buy: 1.2088 Take profit: 1.2126

Buy: 1.2030 Take profit: 1.2160

Sell: 1.1990 Take profit: 1.1945

Sell: Take profit:

For the Pound / Dollar pair, the key levels on the H1 scale are: 1.4122, 1.4096, 1.4033, 1.4008, 1.3970, 1.3945, 1.3894, 1.3862, 1.3836 and 1.3809. Here we are following the development of the April 12 ascending structure. A short-term upward movement is expected in the corridor 1.3945 – 1.3970, a breakdown of the last value will favor the development of an upward trend, here the first target is 1.4008, in the corridor 1.4008 – 1.4033 there is consolidation. A breakdown of the level of 1.4033 will lead to a pronounced upward movement, here the target is 1.4096, we consider the level of 1.4122 as a potential value for the top, upon reaching which we expect consolidation, as well as a pullback downward.

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A short-term downward movement is expected in the 1.3894 – 1.3862 corridor, a breakdown of the last value will lead to a deep correction, here the target is 1.3836, in the 1.3836 – 1.3809 corridor price consolidation.

The main trend is the upward structure from April 12, the stage of correction

Trading recommendations:

Buy: 1.3945 Take profit: 1.3970

Buy: 1.3973 Take profit: 1.4008

Sell: 1.3894 Take profit: 1.3864

Sell: 1.3860 Take profit: 1.3836

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For the Dollar / Franc pair, the key levels on the H4 scale are: 0.9248, 0.9226, 0.9187, 0.9161, 0.9108, 0.9086, 0.9049, 0.9026 and 0.8977. Here we are following the development of the descending structure from April 1. At the moment, we expect movement to the level of 0.9108, consolidation in the corridor 0.9108 – 0.9086. A breakdown of the level of 0.9086 will lead to a pronounced downward movement, here the target is 0.9049, price consolidation in the corridor 0.9049 – 0.9026. The potential value for the bottom is the level of 0.8977, upon reaching which we expect a rollback upward.

A consolidated movement is possible in the corridor 0.9161 – 0.9187, the breakout of the last value will lead to a deep correction, here the target is 0.9226, the range 0.9226 – 0.9248 is the key support for the downside.

The main trend is the descending structure from April 1

Trading recommendations:

Buy: 0.9188 Take profit: 0.9226

Buy: 0.9227 Take profit: 0.9248

Sell: 0.9085 Take profit: 0.9050

Sell: 0.9024 Take profit: 0.8980

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For the Dollar / Yen pair, the key levels on the scale are: 109.11, 108.84, 108.52, 108.35, 107.85, 107.70, 107.50, 107.36 and 107.05. Here we are following the development of the local descending structure from April 9th. In the corridor 107.85 – 107.70 there is a short-term downward movement, as well as consolidation. A breakdown of the level 107.70 will lead to the development of a pronounced downward movement, here the target is 107.50, in the corridor 107.50 – 107.36 price consolidation. We consider the level 107.05 as a potential value for the bottom, upon reaching which we expect a rollback upward.

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A short-term upward movement is expected in the corridor 108.35 – 108.52, a breakdown of the last value will lead to a deep correction, here the target is 108.84, this level is a key support for the bottom.

Main trend: local descending structure from April 9

Trading recommendations:

Buy: 108.35 Take profit: 108.52

Buy: 108.54 Take profit: 108.84

Sell: 107.70 Take profit: 107.50

Sell: 107.34 Take profit: 107.09

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For the Canadian dollar / dollar pair, the key levels on the H1 scale are: 1.2739, 1.2679, 1.2658, 1.2624, 1.2564, 1.2546 and 1.2507. Here we are following the formation of the mid-term upward structure of April 19. Continuation of the downward movement is expected after the breakdown of 1.2624, in this case the target is 1.2658, in the corridor 1.2658 – 1.2679 there is a short-term upward movement, as well as consolidation. We consider the level of 1.2739 as a potential value for the top, a pronounced movement to which is expected after the breakdown of 1.2680.

A short-term downward movement is expected in the range 1.2564 – 1.2546, a breakdown of the last value will lead to a deep correction, here the target is 1.2507, this level is a key support for the upward potential from April 19.

The main trend is the upward structure from April 19

Trading recommendations:

Buy: 1.2625 Take profit: 1.2658

Buy: 1.2660 Take profit: 1.2678

Sell: 1.2564 Take profit: 1.2547

Sell: 1.2542 Take profit: 1.2520

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For the Australian dollar / dollar pair, the key levels on the H1 scale are: 0.7779, 0.7754, 0.7736, 0.7698, 0.7669, 0.7628, 0.7610 and 0.7560. Here we are monitoring the initial conditions for the April 20 downtrend cycle. Continuation of the downward movement is expected after the breakdown of 0.7698, here the target is 0.7669, near this level there is consolidation. Breakdown of 0.7669 will lead to the development of a pronounced downward movement, here the target is 0.7628, price consolidation in the corridor 0.7628 – 0.7610. The potential value for the bottom is the level of 0.7560, upon reaching which we expect a rollback up.

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A short-term upward movement is possible in the corridor 0.7736 – 0.7754, a breakdown of the last value will lead to a deep correction, here the target is 0.7779, this level is a key support for the bottom.

The main trend is the initial conditions for the downward movement from April 20

Trading recommendations:

Buy: 0.7736 Take profit: 0.7753

Buy: 0.7755 Take profit: 0.7779

Sell: 0.7698 Take profit: 0.7670

Sell: 0.7667 Take profit: 0.7630

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A short-term upward movement is expected in the range 130.09 – 130.30, a breakdown of the last value will lead to a deep correction, here the target is 130.57, this level is a key support for the top.

The main trend is the formation of a descending structure from April 20

Trading recommendations:

Buy: 130.10 Take profit: 130.28

Buy: 130.32 Take profit: 130.57

Sell: 129.55 Take profit: 129.20

Sell: 129.17 Take profit: 128.90

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A short-term downward movement is expected in the range of 150.34 – 149.96, a breakdown of the last value will encourage the development of a downward structure, here the potential target is 149.35.

The main trend is the formation of an upward structure from April 16

Trading recommendations:

Buy: 151.35 Take profit: 152.29

Buy: 152.32 Take profit: 152.90

Sell: 150.34 Take profit: 149.97

Sell: 149.94 Take profit: 149.37

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