Black Pipper

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Fractal analysis of major currency pairs for April 28

Forecast for April 28:

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.

Consolidated movement, possibly in the corridor 1.2088 – 1.2062, the breakout of the last value will lead to a deep correction, here the potential target is 1.2023, this level is the key support for the top.

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: Take profit:

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 corridor 1.3867 – 1.3836, 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 descending structure from April 1st. A short-term downward movement is expected in the range of 0.9108 – 0.9086. 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: 109.88, 109.67, 109.55, 109.23, 109.11, 108.80, 108.65 and 108.42. Here, we are following the development of the April 23 upward cycle. Continuation of the upward movement is expected after the price passes the noise range 109.11 – 109.23, in this case the target is 109.55, in the corridor 109.55 – 109.67 there is consolidation. A potential value for the top, we consider the level of 109.88, upon reaching which, we expect consolidation, as well as a rollback to the bottom.

A short-term downward movement is expected in the corridor 108.80 – 108.65, a breakdown of the last value will lead to a deep correction, here the target is 108.42, this level is a key support for the top.

Main trend: upward cycle of April 23

Trading recommendations:

Buy: 109.24 Take profit: 109.55

Buy: 109.68 Take profit: 109.88

Sell: 108.80 Take profit: 108.66

Sell: 108.63 Take profit: 108.44

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For the Canadian dollar / dollar pair, the key levels on the H1 scale are: 1.2538, 1.2506, 1.2459, 1.2424, 1.2383, 1.2341, 1.2311, 1.2251 and 1.2190. Here we are following the development of the downtrend cycle from April 21st. Continuation of the movement to the bottom, we expect after the breakdown of 1.2383, in this case the target is 1.2341, price consolidation in the corridor 1.2341 – 1.2311. A breakdown of the level 1.2310 will lead to a pronounced downward movement to the level of 1.2251, near this level consolidation. The potential value for the bottom, we consider the level 1.2190, upon reaching which, we expect a rollback to the top.

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A short-term upward movement is expected in the range 1.2424 – 1.2459, a breakdown of the last value will lead to a deep correction, here the target is 1.2506, the range 1.2506 – 1.2538 is the key support for the downward structure from April 21.

The main trend is the descending structure from April 21

Trading recommendations:

Buy: 1.2424 Take profit: 1.2458

Buy: 1.2460 Take profit: 1.2506

Sell: 1.2382 Take profit: 1.2341

Sell: 1.2310 Take profit: 1.2253

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For the Australian dollar / dollar pair, the key levels on the H1 scale are: 0.7911, 0.7893, 0.7847, 0.7818, 0.7785, 0.7725 and 0.7698. Here, we are watching the formation of the initial conditions for the top of April 22, at the current moment the price is close to the cancellation of this structure, which requires a breakdown of 0.7725, here the first target is 0.7698, before this level we expect the formation of pronounced initial conditions for a downward cycle. The upward movement may resume, possibly after the breakdown of 0.7785, here the target is 0.7818, in the 0.7818 – 0.7847 corridor there is a short-term upward movement, as well as consolidation. Breakdown of the level of 0.7847 should be accompanied by a pronounced upward movement, here the target is 0.7893. The potential value for the top, we consider the level of 0.7911, from which we expect a rollback to the bottom.

The main trend is the formation of the initial conditions for the top from April 22

Trading recommendations:

Buy: 0.7785 Take profit: 0.7816

Buy: 0.7818 Take profit: 0.7845

Sell: 0.7725 Take profit: 0.7700

Sell: Take profit:

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For the Euro / Yen pair, the key levels on the H1 scale are: 132.64, 132.17, 131.96, 131.65, 131.32, 131.15, 130.93 and 130.55. Here, we are following the upward cycle of April 23rd. Continuation of the movement to the top, we expect after the breakdown of 131.65, in this case the target is 131.96, in the corridor 131.96 – 132.17 short-term upward movement, as well as consolidation. A potential value for the top, we consider the level of 132.64, 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 131.32 – 131.15, a breakdown of the last value will lead to a deep correction, here the target is 130.93, this level is a key support for the top, its breakdown will be conducive to the formation of initial conditions for a downward cycle, here the target is 130.55.

The main trend is the upward cycle from April 23rd.

Trading recommendations:

Buy: 131.65 Take profit: 131.96

Buy: 131.97 Take profit: 132.17

Sell: 131.32 Take profit: 131.16

Sell: 131.13 Take profit: 130.95

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For the pound / yen pair, the key levels on the H1 scale are: 153.14, 152.54, 152.23, 151.82, 151.40, 150.87, 150.53 and 150.00. Here, we are following the development of the April 23 bottom-up structure. Continuation of the movement to the top, we expect after the breakdown of 151.40, in this case the target is 151.82, near this level there is consolidation. A breakdown of the level of 151.82 will lead to a movement to the level of 152.23, in the corridor 152.23 – 152.54 a short-term upward movement, as well as consolidation. A potential value for the top, we consider the level 153.14, upon reaching which, we expect a rollback to the bottom.

A short-term downward movement, possibly in the range of 150.87 – 150.53, a breakout of the last value will lead to a deep correction, here the target is 150.00.

The main trend is the upward structure from April 23

Trading recommendations:

Buy: 151.40 Take profit: 151.80

Buy: 151.84 Take profit: 152.23

Sell: 150.87 Take profit: 150.55

Sell: 150.50 Take profit: 150.05

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