Forecast for March 10:
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1503, 1.1419, 1.1359, 1.1280, 1.1242, 1.1183 and 1.1122. Here, we are following the local upward cycle of February 28. Short-term upward movement is expected in the range of 1.1359 - 1.1419. The breakdown of the last value will lead to a pronounced movement. Here, the target is 1.1503. We expect a pullback to the bottom from this level.
Short-term downward movement is expected in the range of 1.1280 - 1.1242. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 1.1183. This level is a key support for the top. Its passage at the price will lead to the formation of initial conditions for the downward cycle. In this case, the goal is 1.1122.
The main trend is the local upward cycle of February 28
Trading recommendations:
Buy: 1.1421 Take profit: 1.1503
Buy: 1.1505 Take profit: 1.1660
Sell: 1.1280 Take profit: 1.1243
Sell: 1.1241 Take profit: 1.1184
For the pound / dollar pair, the key levels on the H1 scale are: 1.3195, 1.3154, 1.3113, 1.3055, 1.3026 and 1.2981. Here, we are following the development of the ascending structure of February 28. At the moment, we are expecting a movement in correction. The continuation of the movement to the top is expected after the breakdown of the level of 1.3113. In this case, the target is 1.3154. Price consolidation is near this level. For the potential value for the top, we consider the level of 1.3195. Upon reaching which, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 1.3055 - 1.3026. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2981. This level is a key support for the top.
The main trend is the upward cycle of February 28, we expect a movement in the correction.
Trading recommendations:
Buy: 1.3113 Take profit: 1.3152
Buy: 1.3155 Take profit: 1.3193
Sell: 1.3055 Take profit: 1.3027
Sell: 1.3024 Take profit: 1.2981
For the dollar / franc pair, the key levels on the H1 scale are: 0.9423, 0.9372, 0.9330, 0.9266, 0.9211, 0.9178 and 0.9104. Here, we are following the local descending structure of March 4. The continuation of movement to the bottom is expected after the breakdown of the level of 0.9266. In this case, the target is 0.9211. Price consolidation is in the range of 0.9211 - 0.9178. For the potential value for the bottom, we consider the level of 0.9104. Upon reaching this level, we expect a pullback to the top.
Short-term upward movement is possibly in the range of 0.9330 - 0.9372. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.9423. This level is a key support for the downward structure.
The main trend is the local descending structure of March 4
Trading recommendations:
Buy : 0.9330 Take profit: 0.9371
Buy : 0.9373 Take profit: 0.9421
Sell: 0.9264 Take profit: 0.9211
Sell: 0.9177 Take profit: 0.9105
For the dollar / yen pair, the key levels on the scale are : 105.12, 104.09, 103.40, 101.91 and 100.93. Here, we are following the development of the local descending structure of March 3. The continuation of movement to the bottom is possibly after the breakdown of the level of 101.91. Here, the potential goal is 100.93. We expect a pullback in correction upon reaching this level.
Short-term upward movement is possibly in the range of 103.40 - 104.09. The breakdown of the last value will lead to an in-depth correction. In this case, the goal is 105.12. This level is a key support for the downward structure.
Main trend: local descending structure of March 3
Trading recommendations:
Buy: 103.40 Take profit: 104.07
Buy : 104.12 Take profit: 105.12
Sell: 101.90 Take profit: 102.57
Sell: 102.53 Take profit: 100.95
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3848, 1.3778, 1.3717, 1.3634, 1.3593, 1.3520 and 1.3476. Here, we determined the subsequent goals for the top from the local ascending structure on March 9. The continuation of the movement to the top is expected after the breakdown of the level of 1.3717. In this case, the target is 1.3778. Price consolidation is near this level. For the potential value for the top, we consider the level of 1.3848. Upon reaching which, we expect a pullback to the bottom.
Short-term downward movement is possibly in the range of 1.3634 - 1.3593. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3520. The range of 1.3520 - 1.3476 is a key support for the top, before which we expect the initial conditions for the downward cycle to be formed.
The main trend is the local upward structure of March 9
Trading recommendations:
Buy: 1.3717 Take profit: 1.3776
Buy : 1.3780 Take profit: 1.3846
Sell: 1.3632 Take profit: 1.3595
Sell: 1.3590 Take profit: 1.3525
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6824, 0.6701, 0.6649, 0.6574, 0.6540, 0.6496 and 0.6456. Here, we are following the formation of a medium-term upward structure from March 9. Short-term upward movement is expected in the range of 0.6649 - 0.6701. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the potential target is 0.6824. We expect consolidation, as well as a pullback to the bottom near this level.
Short-term downward movement is possibly in the range of 0.6574 - 0.6540. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.6496. The range of 0.6496 - 0.6456 is a key support for the top.
The main trend is the formation of the rising structure of March 9
Trading recommendations:
Buy: 0.6650 Take profit: 0.6700
Buy: 0.6704 Take profit: 0.6820
Sell : 0.6574 Take profit : 0.6540
Sell: 0.6538 Take profit: 0.6496
For the euro / yen pair, the key levels on the H1 scale are: 118.51, 117.90, 117.53, 116.35, 115.81 and 115.27. Here, we are following the descending structure of March 3. The continuation of movement to the bottom is expected after the breakdown of the level of 116.35. In this case, the target is 115.81. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 115.27. Upon reaching which, we expect a pullback to the top.
Short-term upward movement is possibly in the range of 117.53 - 117.90. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 118.50. We expect the initial conditions for the upward cycle to be formed to this level.
The main trend is the descending structure of March 3
Trading recommendations:
Buy: 117.53 Take profit: 117.90
Buy: 117.93 Take profit: 118.50
Sell: 116.35 Take profit: 115.84
Sell: 115.78 Take profit: 115.30
For the pound / yen pair, the key levels on the H1 scale are : 136.31, 135.55, 135.01, 133.26, 132.87 and 132.13. Here, we are following the local descending structure of March 2. Short-term downward movement is expected in the range 133.26 - 132.87. The breakdown of the last value will lead to movement to a potential target - 132.13. We expect a key reversal to the top from this level.
Short-term upward movement is possibly in the range of 135.01 - 135.55. The breakdown of the latter value will lead to the development of an in-depth correction. Here, the goal is 136.31. This level is a key support for the downward cycle.
The main trend is the local descending structure of March 2
Trading recommendations:
Buy: 135.01 Take profit: 135.53
Buy: 135.57 Take profit: 136.30
Sell: 133.26 Take profit: 132.88
Sell: 132.84 Take profit: 132.15
