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Fractal analysis of major currency pairs for April 26

Forecast for April 26:

Analytical overview of currency pairs on the H1 scale:

For the Euro / Dollar pair, the key levels on the H1 scale are: 1.2268, 1.2218, 1.2195, 1.2160, 1.2128, 1.2088, 1.2062 and 1.2023. Here, the price has formed a local upward structure from April 19. A short-term upward movement is expected in the corridor 1.2128 – 1.2160. A breakdown of the level of 1.2160 will lead to a pronounced upward movement, here the target is 1.2195, and the corridor 1.2195 – 1.2218 is a short-term upward movement, as well as consolidation. A potential value for the top, we consider the level of 1.2268, upon reaching which, we expect consolidation, as well as a rollback to the bottom.

A short-term downward movement, possibly in the 1.2088 – 1.2062 corridor, a breakdown of the last value will lead to a deep correction, here the potential target is 1.2023.

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

Trading recommendations:

Buy: 1.2130 Take profit: 1.2160

Buy: 1.2162 Take profit: 1.2195

Sell: 1.2088 Take profit: 1.2063

Sell: 1.2060 Take profit: 1.2025

For the Pound / Dollar pair, the key levels on the H1 scale are: 1.4008, 1.3965, 1.3935, 1.3867, 1.3836, 1.3809, 1.3791 and 1.3754. Here, the descending structure from April 20, we consider as the medium-term initial conditions. The range 1.3935 – 1.3965 is the key support for the downward structure, its passage by the price will encourage the formation of initial conditions for the upward cycle, here the target is 1.4008.

A short-term downward movement, possibly in the 1.3867 – 1.3836 corridor, a breakdown of the last value will favor the development of a downward structure from April 20, here the target is 1.3809. If the price passes the noise range 1.3809 – 1.3791, it will move to a potential target – 1.3754.

The main trend is the descending structure from April 20

Trading recommendations:

Buy: 1.3935 Take profit: 1.3965

Buy: 1.3967 Take profit: 1.4008

Sell: 1.3867 Take profit: 1.3837

Sell: 1.3835 Take profit: 1.3810

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For the Dollar / Franc pair, the key levels on the H4 scale are: 0.9226, 0.9187, 0.9166, 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. A short-term downward movement is expected in the range of 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. 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 short-term upward movement is expected in the corridor 0.9166 – 0.9187, a breakdown of the last value will encourage the formation of initial conditions for the top, here the potential target is 0.9226.

The main trend is the descending structure from April 1

Trading recommendations:

Buy: 0.9166 Take profit: 0.9186

Buy: 0.9188 Take profit: 0.9226

Sell: 0.9108 Take profit: 0.9087

Sell: 0.9084 Take profit: 0.9050

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For the Dollar / Yen pair, the key levels on the scale are: 108.52, 108.35, 108.04, 107.70, 107.50, 107.36, 107.11 and 106.84. Here, we are following the development of the local descending structure from April 9th. A short-term downward movement is expected in the range of 107.70 – 107.50, a passage by the price of the noise range 107.50 – 107.36 will lead to a movement to the level of 107.11. A potential value for the bottom, we consider the level 106.84, upon reaching which, we expect a rollback to the top.

A retreat into correction is expected after the breakdown of 108.04, here the target is 108.35, the range 108.35 – 108.52 is the key support for the bottom.

Main trend: local descending structure from April 9

Trading recommendations:

Buy: 108.06 Take profit: 108.35

Buy: 108.54 Take profit: 109.00

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. A potential value for the bottom, we consider the level of 1.2251, upon reaching which, we expect a rollback to the top.

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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 downtrend cycle from April 20, the price is currently in a deep correction. 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 consolidated movement, possibly in the 0.7754 – 0.7779 corridor, 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

Trading recommendations:

Buy: Take profit:

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, 129.70, 129.55, 129.19, 128.89, 128.59 and 128.38. Here, 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.

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A short-term upward movement is expected in the range 130.30 – 130.57, a breakdown of the last value will favor the development of an upward trend, in this case the first potential target is 130.91.

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

Trading recommendations:

Buy: 130.32 Take profit: 130.57

Buy: 130.59 Take profit: 130.90

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, 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: 150.34

Buy: 150.36 Take profit: 150.90

Sell: 149.24 Take profit: 148.80

Sell: 148.76 Take profit: 148.02

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

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