Fractal analysis for major currency pairs as of July 20 888011000 110888 Dear colleagues.For the EUR/ USD set, there is a high likelihood of canceling the down structure from July 17, for which a breakdown of 1.1688 is essential. For the GBP/ USD set, the continuation of the development of the downward structure from July 16 is expected after the breakdown of 1.2990. For the USD/ CHF pair, the scenario remains in an equilibrium state. We anticipate its decoupling after 14:00. For the USD/ JPY pair, the rate remains in correction. In order to resume an upward pattern, local initial conditions are essential. For the EUR/ JPY pair, we follow the down structure of July 17. For the GBP/ JPY pair, we follow the downward structure from July 16. In the morning we expect the move to correction mainly.The projection for July 20:Analytical evaluation of currency pairs in the scale of H1: For the EUR/ USD set, the essential levels on the scale of H1 are: 1.1744, 1.1709, 1.1688, 1.1669, 1.1613, 1.1578, 1.1550 and 1.1517. Here, the rate is close to the cancellation of the down structure from July 17, as it is in the final 8th zone and has formed a little capacity for the top. The continuation of the downward motion is expected after the breakdown of 1.1613. In this case, the target is 1.1578. In the area of 1.1578-1.1550 the short-term down movement, along with is the debt consolidation of the price. The potential worth for the bottom is the level of 1.1517, upon reaching which we anticipate a pullback upward.Short-term up motion is possible in the location of 1.1669-1.1688. The breakdown of the last value will lead to thorough correction.Here, the target is 1.1709. This level is the key support forthe downward structure.The primary pattern is a downward structure from July 17, a deep correction.Trading recommendations: Purchase: 1.1670Take revenue: 1.1686 Buy 1.1690 Take revenue: 1.1707 Sell: 1.1611 Take revenue: 1.1580 Offer: 1.1576 Take earnings: 1.1555 For the GBP/ USD pair, the crucial levels on the H1 scale are 1.3155, 1.3114, 1.3088, 1.3031, 1.2993, 1.2935 and 1.2902. Here, we continue to follow the down structure of July 16. Short-term downtrend is anticipatedin the location of 1.3031- 1.2993. The breakdown of the last value need to be accompanied by a noticable motion to the level of 1.2935, the prospective worth for the bottom is the level of1.2902, upon which we expect is the debt consolidation of the price.Short-term uptrend ispossible in the location of 1.3088-1.3114. The breakdown of the last value will cause thorough correction. Here, the target is 1.3155. Thislevel is the key assistance for the bottom.The main patternis the down structure of July 16. Trading suggestions: Buy: 1.3088 Take profit: 1.3112 Buy: 1.3116 Take revenue: 1.3150 Offer: 1.3030 Take earnings: 1.2995 Offer: 1.2990 Take earnings: 1.2937 For the USD/ CHF set, the crucial levels on the scale of H1 are: 1.0029, 1.0002, 0.9987, 0.9957, 0.9935, 0.9921, 0.9879 and 0.9852. Here, the scenario has actually entered the stability state: the downward structure of July 13 and the designed capacity for the top of July 17. Decoupling of this scenario is anticipated after 14:00, level 1.0029 is the crucial resistance for the top, and the level is 0.9957 for the bottom. The extension of the down movement is expected after the breakdown of 0.9957. In this case, the targetis 0.9935, near this level is the is the combination of the price. Passing the price of the sound variety 0.9935-0.9921 must be accompanied by a pronounced motion to the level of 0.9879.The prospective worth for the bottom is the level of0.9852, the possible date of reaching it is July 18-19, upon reaching this level we expect a rollback upward.Short-term upward movement is possible in the range of 1.0002-1.0029,hence we expect a crucial turn to the bottom. The breakdown at 1.0030 will lead an upward propensity, the target here is 1.0068. The main trend is the balance situation.Trading recommendations: Buy: 1.0002 Take profit: 1.0030 Purchase: 1.0032 Take revenue: 1.0065 Sell: 0.9955 Take profit: 0.9937 Sell: 0.9918 Take revenue: 0.9882 For the USD/ JPY, the key levels on a scale are: 114.16, 113.78, 113.40, 112.68, 112.36, 112.09 and 111.71. Here, for the extension of the upward motion, we anticipate the design of the regional structure, while the cost has actually entered the corrective zone and forms the capacity for a downward motion from July 18. Continuation of the upward trend is possible after the breakdown of 113.01. Here, the very first target is 113.40. In the area of 113.40-113.78 the short-term upward motion. The prospective value for the top is level114.16, upon reaching which we expect a pullback downwards.Short-term downward movement is possible in the area of 112.36-112.09. The breakdown of the last valuewill cause the advancement of thedown structure. Inthis case, the possible target is 111.71. The primary trend: the upward structure of July 9, the correction stage.Trading recommendations: Purchase: 113.01 Take earnings: 113.40 Purchase: 113.45 Take earnings: 113.75 Sell: 112.05 Take revenue: 111.75 Offer: Take revenue: For the CAD/ USD pair, the essential levels on the H1 scale are: 1.3395, 1.3370, 1.3330, 1.3303, 1.3246, 1.3218 and 1.3188. Here, we follow the little upward cycle of July 17, which today is currently finished its development and on July 21 we anticipate a correction. Short-term upward motion is possible in the area of 1.3303 -1.3330. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 1.3370, the prospective worth for the top is the level of 1.3395, upon reaching which, we expect a pullback downwards.Short-term downward movement is possible in the locationof 1.3246 -1.3218. The breakdown of the last value will cause thorough correction. Here,the target is 1.3188. Thislevel is the crucial assistance for the top.The primary patternis the upward cycle from July 17. Tradingsuggestions: Buy: 1.3303Take profit: 1.3330 Buy: 1.3333 Take revenue: 1.3370 Offer: 1.3246 Take revenue: 1.3220 Offer: 1.3216 Take revenue: 1.3190 For the AUD/ USD set, the key levels on the H1 scale are: 0.7434, 0.7410, 0.7380, 0.7355, 0.7318, 0.7287, 0.7243, 0.7218 and 0.7179. Here, we identified the subsequent goals from the regional downward structure on July 19. The continuation of the downward motion is expectedafter passing the rate of the sound variety 0.7318 -0.7287. In this case, the target is 0.7243. In the area of 0.7243-0.7218 is the debt consolidation of the rate. The possible worth for the bottom is the level of0.7179, upon reaching this level, we expect a rollback tothe top.Short-term upward motion is possible in the area of 0.7355-0.7380.The breakdown of thelast value will result in extensive correction. Here, the target is 0.7410. This level is the crucial support for the bottom.The main trend is the regional structure of July 19. Trading recommendations: Purchase: 0.7380 Take earnings: 0.7408 Purchase: Take earnings: Offer: 0.7285 Take earnings: 0.7245 Offer: 0.7216 Take revenue: 0.7180 For the EUR/ JPY, the essential levels on the scale of H1 are: 131.92, 131.44, 131.20, 130.47, 130.08, 129.77 and 129.39.Here, we follow the development of the downward movement of July 17. The extension of the motion downwards is expected after the breakdown of 130.47. In this case, the target is 130.08.In the location of 130.08 -129.77 the combination of the rate. We consider the level of 129.39 to be a potential value forthe downward motion, after whichwe anticipate a pullback to the top.Short-term up movement is possible in the area of 131.20-131.44. The breakdown of the last value will result in form a regional upward structure. In this case, the prospective target is 131.92. The primary pattern is the down structure of July 17. Trading recommendations: Buy: 131.20 Take earnings: 131.40 Buy: 131.46 Take earnings: 131.90 Sell: 130.45 Take revenue: 130.15 Sell: 130.05 Take earnings: 129.80 For the GBP/ JPY pair, the key levels on the scale of H1 are: 148.11, 147.37, 146.89, 145.91, 145.01, 144.33 and 143.46. Here, we continue to follow the down structure of July 16. The extension of the down motion is anticipated after the breakdown of 145.91.In this case, the target is 145.01.In the location of 145.01-144.33short-term downward movement, in addition tois the debt consolidation of the price.The possible value for the bottom isthe level of 143.46, thepossible date of reaching it on July 21 and beyond.Short-term upward movement is possible in the location of 146.90-147.37. The breakdown of the last value will cause thorough correction. Here, the target is 148.10. This level is the essential support for the down structure.The primary trend is the downward structure of July 16. Trading recommendations: Purchase: 146.90 Take profit: 147.35 Buy: 147.45 Take revenue: 148.10 Sell: 145.90 Take profit: 145.10 Sell: 145.00 Take earnings: 144.40 The material has been supplied by InstaForex Company -www.instaforex.com

By | July 20, 2018

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