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Fractal analysis of major currency pairs for June 11


Forecast for June 11: Analytical overview of currency pairs on the H1 scale: For the Euro / Dollar pair, the key levels on the H1 scale are: 1.2274, 1.2249, 1.2206, 1.2186, 1.2147, 1.2133, 1.2108, 1.2094, 1.2065, 1.2036 and 1.2018. Here we are following the development of the local downward structure from June 1, at the current moment the price is in a correction and forms a potential for the top from June 4. The continuation of the downward movement is expected after the price passes the noise range 1.2147 – 1.2133, in this case the first target is 1.2108, in the corridor 1.2108 – 1.2094 there is consolidation, the breakdown of the level 1.2094 should be accompanied by a pronounced downward movement, here the target is 1.2065. We consider the level of 1.2018 as a potential value for the bottom, upon reaching which we expect a consolidated movement in the corridor 1.2036 – 1.2018, as well as an upward rollback. A short-term upward movement is possible in the corridor 1.2186 – 1.2206, a breakdown of the last value will lead to the development of an upward structure from June 4, here the first target is 1.2249. We consider the level 1.2274 as a potential value. The main trend is a downward cycle from June 1, the stage of correction Trading recommendations: Buy: 1.2186 Take profit: 1.2204 Buy: 1.2208 Take profit: 1.2249 Sell: 1.2133 Take profit: 1.2108 Sell: 1.2092 Take profit: 1.2065 scale H1 are: 1.4271, 1.4253, 1.4212, 1.4188, 1.4126, 1.4105, 1.4079, 1.4059, 1.4007, 1.3985 and 1.3922. Here we are following the development of the downward structure from June 1, at the current moment the price is in a correction and forms a potential for an upward movement from June 10, the range 1.4126 – 1.4105 is the key support for the top, its passage by the price will dispose to the subsequent development of the downward trend, in in this case, the first target is 1.4079. We expect the continuation of the development of the main trend after the price passes the noise range 1.4079 – 1.4059, in this case the target is 1.4007, in the corridor 1.4007 – 1.3985 price consolidation. The potential value for the bottom is the level of 1.3922, upon reaching which we expect a rollback upward. A short-term upward movement is possible in the corridor 1.4188 – 1.4212, the breakout of the last value should be accompanied by a pronounced upward movement, here the target is 1.4253. We consider the level 1.4271 as a potential value for the top, upon reaching which we expect consolidation. The main trend is a downward structure from June 1, the stage of correction Trading recommendations: Buy: 1.4188 Take profit: 1.4211 Buy: 1.4214 Take profit: 1.4253 Sell: 1.4105 Take profit: 1.4080 Sell: 1.4059 Take profit: 1.4008 scale H4 are: 0.9009, 0.8988, 0.8973, 0.8940, 0.8924, 0.8911, 0.8878 and 0.8862. Here we are following the development of the downward structure from June 4th. Continuation of the downward movement is expected after the breakdown of 0.8940, here the first target is 0.8924, in the 0.8924 – 0.8911 corridor there is a short-term downward movement, the breakdown of the 0.8911 level should be accompanied by a pronounced downward movement, here the target is 0.8878. The potential value for the bottom is the level of 0.8862, upon reaching which we expect an upward rollback. A short-term upward movement is possible in the 0.8973 – 0.8988 corridor, a breakdown of the last value will lead to a deep correction, here the target is 0.9009, this level is a key support for the downward structure. The main trend is a descending structure from June 4 Trading recommendations: Buy: 0.8973 Take profit: 0.8988 Buy: 0.8990 Take profit: 0.9009 Sell: 0.8940 Take profit: 0.8924 Sell: 0.8910 Take profit: 0.8878 For the USD / Yen pair, the key levels in the scale are: 110.34, 109.98, 109.81, 109.68, 109.38, 109.15, 108.78 and 108.64. Here we are following the development of the long-term upward structure from May 25, as well as the formation of the potential for the downward movement from June 3. Continuation of the downward movement is expected after the breakdown of 109.38, here the target is 109.15, near this level there is consolidation. The breakdown of 109.15 will lead to the cancellation of the upward trend from May 25, in this case we expect the development of a pronounced downward movement to the level of 108.78. We consider the level 108.64 as a potential value for the bottom, upon reaching which we expect a rollback upward. A short-term upward movement is possible in the corridor 109.68 – 109.81, a breakout of the last value will lead to a deep correction, here the target is 109.98, this level is a key support for the downward potential from June 3. Main trend: long-term ascending structure from May 25, potential for a low from June 3 Trading recommendations: Buy: 109.68 Take profit: 109.80 Buy: 109.82 Take profit: 109.96 Sell: 109.38 Take profit: 109.17 Sell: 109.13 Take profit: 108.80 For a Canadian pair dollar / dollar the key levels on the H1 scale are: 1.2241, 1.2205, 1.2147, 1.2124, 1.2092, 1.2074 and 1.2048. Here we are watching the formation of the upward potential from June 1. A short-term upward movement is expected in the range 1.2124 – 1.2147, a breakdown of the last value will lead to a pronounced upward movement, here the target is 1.2205. We consider the level 1.2241 as a potential value for the top, upon reaching which, we expect a rollback downward. A consolidated movement is expected in the corridor 1.2092 – 1.2074, the breakout of the last value will lead to a deep correction, here the target is 1.2048, this level is the key support for the top. The main trend is the formation of an ascending structure from June 1 Trading recommendations: Buy: 1.2125 Take profit: 1.2146 Buy: 1.2148 Take profit: 1.2205 Sell: 1.2073 Take profit: 1.2050 Sell: 1.2046 Take profit: 1.2005 For the Australian dollar / Dollar pair, key levels on the scale H1 are: 0.7841, 0.7824, 0.7709 and 0.7686. Here we are following the June 3 ascending structure. A consolidated movement is expected in the range of 0.7749 – 0.7772, a passage by the price of the noise range 0.7772 – 0.7786 will lead to the development of a pronounced upward movement, here the target is 0.7824. We consider the level of 0.7841 as a potential value for the top, upon reaching which we expect a rollback downward. A short-term downward movement is expected in the range of 0.7724 – 0.7709, a breakdown of the last value will lead to a deep correction, here the target is 0.7686, this level is a key support for the upward structure. The main trend is an upward potential from June 3 Trading recommendations: Buy: 0.7787 Take profit: 0.7824 Buy: 0.7826 Take profit: 0.7840 Sell: 0.7724 Take profit: 0.7710 Sell: 0.7707 Take profit: 0.7690 For the EUR / Yen pair, the key levels on the H1 scale are : 133.72, 133.48, 133.33, 132.87, 132.73, 132.34 and 132.19. Here we are following the development of the downward structure from June 1. The continuation of the downward movement is expected after the price passes the noise range 132.87 – 132.73, in this case the target is 132.34. We consider the level 132.19 as a potential value for the bottom, upon reaching which we expect consolidation, as well as an upward rollback. A short-term upward movement is expected in the range of 133.33 – 133.48, a breakdown of the last value will lead to a deep correction, here the target is 133.72, this level is a key support for the downward structure from June 1. The main trend is a descending structure from June 1 Trading recommendations: Buy: 133.33 Take profit: 133.46 Buy: 133.50 Take profit: 133.72 Sell: 132.73 Take profit: 132.36 Sell: 132.33 Take profit: 132.20 For the Pound / Yen pair, the key levels on the H1 scale are : 156.04, 155.30, 154.49, 154.04, 153.68, 153.14 and 152.85. Here we are following the development of the downward structure from May 28, the price is currently in a correction, the level 155.30 is the key support for the bottom. We expect the downward movement to resume after the breakdown of 154.49, here the first target is 154.04. A short-term downward movement is expected in the range 154.04 – 153.68, the breakout of the last value should be accompanied by a pronounced downward movement, here the target is 153.14. We consider the level 152.85 as a potential value for the bottom, upon reaching which we expect consolidation, as well as an upward rollback. The main trend is a downward structure from May 28, the stage of correction Trading recommendations: Buy: 155.30 Take profit: 156.00 Buy: Take profit: Sell: 154.49 Take profit: 154.06 Sell: 154.02 Take profit: 153.68 If you have questions about this analytics, their you can ask on the Forexdengi.com forum in the analytics section from Alexey Almazov. – Source: InstaForex

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