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Fractal analysis of major currency pairs for April 23

Forecast for April 23:

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. 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. The breakdown of the level 1.2160 will allow counting on the movement to the potential target – 1.2218, upon reaching which, we expect consolidation in the corridor 1.2195 – 1.2218, from here we expect a rollback to the bottom.

A short-term downward movement, possibly 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: 1.4008, 1.3935, 1.3897, 1.3873, 1.3836, 1.3809, 1.3791 and 1.3754. Here, the price is in a deep correction from the April 12 uptrend. The continuation of the development of the downward structure from April 20, we expect after the breakdown of 1.3836, in this case the target is 1.3809, in the corridor 1.3809 – 1.3791 consolidation. The potential value for the bottom, while we consider the level of 1.3754, upon reaching which, we expect a rollback to the top.

A short-term upward movement, possibly in the 1.3873 – 1.3897 corridor, the breakdown of the last value will lead to a deep correction, here the target is 1.3935, the breakdown of which will lead to the subsequent development of the upward trend from April 12.

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

Trading recommendations:

Buy: 1.3873 Take profit: 1.3896

Buy: 1.3899 Take profit: 1.3935

Sell: 1.3835 Take profit: 1.3809

Sell: 1.3790 Take profit: 1.3755

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For the Dollar / Franc pair, the key levels on the H4 scale are: 0.9248, 0.9226, 0.9187, 0.9138, 0.9108, 0.9086, 0.9049, 0.9026 and 0.8977. Here, we are following the development of the top-down structure from April 1st. At the moment, the price is in a correction and forms a potential for the top of April 19. Continuation of the movement to the bottom, we expect after the breakdown of 0.9138, in this case the first target is 0.9108, in the corridor 0.9108 – 0.9086 consolidation. 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. A potential value for the bottom, we consider the level of 0.8977, upon reaching which, we expect a rollback to the top.

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A move into a deep correction is possible after the breakdown of 0.9188, here the target is 0.9226, price consolidation in the corridor 0.9226 – 0.9248. The breakdown of the 0.9248 level will lead to the development of the upward cycle from April 19, here the potential target is 0.9283.

The main trend is the descending structure from April 1

Trading recommendations:

Buy: 0.9188 Take profit: 0.9226

Buy: 0.9227 Take profit: 0.9247

Sell: 0.9137 Take profit: 0.9108

Sell: 0.9085 Take profit: 0.9050

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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. The 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. A potential value for the bottom, we consider the level of 107.05, upon reaching which, we expect a rollback to the top.

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

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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: 1.2652, 1.2576, 1.2538, 1.2512, 1.2459, 1.2415, 1.2341. 1.2311 and 1.2251. Here the price canceled the development of the ascending structure, and at the moment we are watching the formation of the downward potential from April 21. Continuation of the movement to the bottom, we expect after the breakdown of 1.2459, in this case the target is 1.2415, near this level there is consolidation. Breakdown of 1.2415 will lead to the development of a pronounced downward movement, here the target is 1.2341, price consolidation in the corridor 1.2341 – 1.2311. The potential value for the bottom, we consider the level 1.2251, upon reaching which, we expect a rollback to the top.

A short-term upward movement is expected in the range 1.2512 – 1.2538, a breakdown of the last value will lead to a deep correction, here the target is 1.2576, this level is a key support for the downward structure from April 21.

The main trend is the descending structure from April 21

Trading recommendations:

Buy: 1.2512 Take profit: 1.2537

Buy: 1.2539 Take profit: 1.2574

Sell: 1.2458 Take profit: 1.2417

Sell: 1.2413 Take profit: 1.2341

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For the Australian dollar / dollar pair, the key levels on the H1 scale are: 0.7779, 0.7754, 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 movement to the bottom, we expect 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, we consider the level of 0.7560, upon reaching which, we expect a rollback to the top.

A short-term upward movement, possibly in the corridor 0.7754 – 0.7779, a breakdown of the last value will encourage the formation of initial conditions for an upward cycle, in this case the potential target is 0.7818.

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

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Trading recommendations:

Buy: 0.7755 Take profit: 0.7779

Buy: 0.7781 Take profit: 0.7818

Sell: 0.7698 Take profit: 0.7670

Sell: 0.7667 Take profit: 0.7630

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For the Euro / Yen pair, the key levels on the H1 scale are: 131.22, 130.91, 130.57, 130.30, 130.09, 129.70, 129.55, 129.19, 128.89, 128.59 and 128.38. Here, the price is forming a potential for the April 20 downtrend. Continuation of the downward movement is expected after the price passes the noise range 129.70 – 129.55, in this case the target is 129.19, in the corridor 129.19 – 128.89 there is a short-term downward movement, as well as consolidation. A potential value for the bottom, we consider the level of 128.38, upon reaching which, we expect consolidation, as well as a rollback to the top.

A short-term upward movement is expected in the range 130.09 – 130.30, the breakout of the last value will lead to a deep correction, here the target is 130.57, this level is the 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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For the pound / yen pair, the key levels on the H1 scale are: 150.91, 105.34, 149.96, 149.24, 148.78, 148.02, 147.61 and 146.88. Here, after the cancellation of the upward trend, we are following the development of a small downward cycle from April 20. A short-term downward movement is expected in the range of 149.24 – 148.78, the breakout of the last value should be accompanied by a pronounced downward movement, in this case the target is 148.02, in the corridor 148.02 – 147.61 price consolidation. A potential value for the bottom, we consider the level 146.88, upon reaching which, we expect a rollback to the top.

A short-term upward movement, possibly in the range of 149.96 – 150.34, a breakdown of the last value will lead to a deep correction, here the target is 150.91.

The main trend is the descending structure from April 20

Trading recommendations:

Buy: 149.96 Take profit: 150.33

Buy: 150.36 Take profit: 150.90

Sell: 149.24 Take profit: 148.80

Sell: 148.76 Take profit: 148.02

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