Dear colleagues.
For the EUR/USD pair, we follow the downward cycle from June 7, we continue to continue downward movement after the breakdown of 1.1540. For the GBP/USD pair, we follow the development of the downward structure from June 7, we continue to continue downward movement after the breakdown at 1.3235. For the pair USD/CHF continue to follow the upward cycle from June 7, the development of which is expected after the breakdown of 0.9990. For the pair USD/JPY, the continuation of the upward movement is expected after the breakdown of 110.92. For the EUR/JPY pair, the price forms the potential for a downward movement from June 13, the development of which is expected after the breakdown of 127.55. For the GBP/JPY pair, we follow the downward structure from June 7, we continue to move downwards after the breakdown of 146.10.
Forecast for June 18:
Analytical review of currency pairs in the scale of H1:
For the EUR/USD pair, key levels on the scale of H1 are: 1.1683, 1.1640, 1.1611, 1.1542, 1.1511, 1.1491 and 1.1451. Here we follow the development of the downward structure of June 7. Continued downward movement is expected after the breakdown of 1.1542, in this case the target is 1.1511, in the area 1.1511 - 1.1491 consolidation. The potential value for the bottom is the level of 1.1451, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area 1.1611 - 1.1640, breakdown of the last value will lead to in-depth correction, here the target is 1.1683, this level is the key support for the downward movement.
The main trend is the downward cycle from June 7.
Trading recommendations:
Buy: 1.1611 Take profit: 1.1638
Buy 1.1641 Take profit: 1.1680
Sell: 1.1540 Take profit: 1.1511
Sell: 1.1490 Take profit: 1.1453
For the GBP/USD pair, the key levels on the H1 scale are 1.3354, 1.3311, 1.3281, 1.3235, 1.3191, 1.3166 and 1.3112. Here we follow the development of the downward structure of June 7. Continued downward movement is expected after the breakdown of 1.3235, in this case the target is 1.3191, in the area 1.3191 - 1.3166 consolidation. The potential value for the bottom is the level of 1.3112, from which we expect a rollback to the top.
Short-term upward movement is possible in the area 1.3281 - 1.3311, breakdown of the last value will lead to in-depth correction, here the target is 1.3354, this level is the key support for the downward cycle.
The main trend is the downward cycle from June 7.
Trading recommendations:
Buy: 1.3281 Take profit: 1.3310
Buy: 1.3314 Take profit: 1.3352
Sell: 1.3235 Take profit: 1.3195
Sell: 1.3164 Take profit: 1.3115
For the USD/CHF pair, the key levels on the scale of H1 are: 1.0092, 1.0048, 1.0025, 0.9990, 0.9949, 0.9924 and 0.9890. Here we continue to follow the upward cycle of June 7. Continued upward movement is expected after the breakdown of 0.9990, in this case the target is 1.0025, in the area 1.0025 - 1.0048 consolidation. The potential value for the peak is the level of 1.0092, the movement to which we expect after the breakdown at 1.0050.
Short-term downward movement is possible in the area 0.9949 - 0.9924, breakdown of the last value will lead to in-depth correction, here the target is 0.9890, this level is the key support for the top.
The main trend is the upward cycle of June 7.
Trading recommendations:
Buy: 0.9990 Take profit: 1.0025
Buy: 1.0050 Take profit: 1.0090
Sell: 0.9947 Take profit: 0.9926
Sell: 0.9922 Take profit: 0.9892
For the USD/JPY pair, the key levels on a scale are: 112.24, 111.90, 111.31, 110.92, 110.69, 110.15, 109.79, 109.46 and 108.91. Here we continue to follow the formation of a local structure for the top of June 8. The continuation of the upward movement is expected after the passage through the price range of 110.69 - 110.92, in this case the target is 111.31. We consider the level 112.24 to be a potential value for the top, after which we expect consolidation in the area 112.24 - 111.90.
We expect the correction to go down after the breakdown at 110.15, here the target is 109.79. Short-term downward movement is possible in the area 109.79 - 109.46, breakdown of the latter value will have to develop a downward structure, here the potential target is 108.91.
The main trend: a local structure for the top of June 8.
Trading recommendations:
Buy: 110.92 Take profit: 111.30
Buy: 111.33 Take profit: 111.90
Sell: 110.12 Take profit: 109.82
Sell: 109.77 Take profit: 109.48
For the CAD/USD pair, the key levels on the H1 scale are: 1.3400, 1.3340, 1.3260, 1.3219, 1.3159, 1.3116 and 1.3053. Here we follow the local upward structure of May 31. Short-term upward movement is possible in the corridor 1.3219 - 1.3260, breakdown of the last value will lead to a movement to the level of 1.3340, near which we expect consolidation. The potential value for the top is the level of 1.3400, from this level we expect a pullback downwards.
Short-term downward movement is possible in the corridor 1.3159 - 1.3116, breakdown of the last value will lead to in-depth correction, here the target is 1.3055, this level is the key support for the top.
The main trend is the upward structure of May 31.
Trading recommendations:
Buy: 1.3260 Take profit: 1.3338
Buy: 1.3342 Take profit: 1.3400
Sell: 1.3157 Take profit: 1.3118
Sell: 1.3114 Take profit: 1.3057
For the AUD/USD pair, the key H1 scale levels are: 0.7569, 0.7518, 0.7490, 0.7445, 0.7400, 0.7373 and 0.7322. Here we continue to follow the downward cycle from June 6. Continued downward movement is expected after the breakdown of 0.7445, in this case the target is 0.7400, in the corridor 0.7400 - 0.7373 consolidation. The potential value for the bottom is the level of 0.7322, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the corridor 0.7490 - 0.7518, breakdown of the latter value will lead to in-depth correction, here the target is 0.7569, this level is the key support for the downward trend.
The main trend is the downward cycle from June 6.
Trading recommendations:
Buy: 0.7490 Take profit: 0.7518
Buy: 0.7520 Take profit: 0.7565
Sell: 0.7445 Take profit: 0.7405
Sell: 0.7370 Take profit: 0.7324
For the EUR/JPY pair, key levels on the scale of H1 are: 130.28, 129.52, 128.80, 128.29, 127.55, 126.84 and 126.30. Here, the price forms the potential for a downward movement from June 13. The continuation of the movement downwards is expected after the breakdown of 127.55, in this case the target is 126.84. The potential value for the bottom is still the level of 126.30, to which we expect to formalize the expressed initial conditions for the downward cycle.
Short-term upward movement is possible in the corridor 128.29 - 128.80, breakdown of the last value will lead to in-depth correction, here the target is 129.52, this level is the key support for the downward structure from June 13.
The main trend is capacity building for the bottom of June 13.
Trading recommendations:
Buy: 128.30 Take profit: 128.70
Buy: 128.85 Take profit: 129.50
Sell: 127.55 Take profit: 126.90
Sell: 126.80 Take profit: 126.35
For the GBP/JPY pair, the key levels on the scale of H1 are: 150.37, 149.66, 148.72, 148.14, 147.46, 146.11, 145.31 and 144.54. Here the price is close to canceling the development of the upward trend of May 29, which requires a breakdown at level 146.11, in this case we expect the development of the downward cycle from June 7, here the first target is 145.31. The potential value for the bottom is still the level of 144.54, from which we expect a rollback to the top.
Continued upward movement is expected after the breakdown at 147.46, here the first target is 148.14, in the corridor 148.14 - 148.72 short-term upward movement, as well as consolidation. The break of level 148.75 should be accompanied by a pronounced upward movement, in this case the target is 149.66. We still consider the level of 150.37 as a potential value for the upward trend.
The main trend is the upward cycle from May 29, the correction stage.
Trading recommendations:
Buy: 147.48 Take profit: 148.12
Buy: 148.18 Take profit: 148.70
Sell: 146.10 Take profit: 145.40
Sell: 145.30 Take profit: 144.65
