30.07.2021 09:35 Forex Analytical Reviews: Fractal Analysis of Major Currency Pairs as of July 30

Traders Forex reviews Fractal analysis

30.07.202109: 35 Analytical reviews Forex: Fractal analysis of major currency pairs as of July 30 ,

Relevance until 09: 00 2021-07-31 UTC 2,

Hello dear colleagues.

On the Euro/Dollar pair, we expect the continued development of the upward structure from July 23 after breaking 1.1896, the level of 1.1855 is key support inside the day. At Pound/Dollar, we expect to continue moving up after breaking 1.3967, level 1.3864 key support inside the day. By Dollar/Franc pair of main continuation downward movement is expected after breakdown 0.9036, level 0.9102 key support within the day. For the Dollar/Yena pair, we follow the downward structure of July 23, level 109.22 key resistance, level 109.91 key support within the day. For the Euro/Jena pair, we follow the upward cycle of July 20, level 130.28 key resistance, level 129.46 key support within the day. For the Pound/Yen pair, we expect continued upward movement after breakdown 153.41, level 151.97 key support inside the day.

Forecast for July 30:

Analytical Overview of currency pairs at scale N1:

For Euro/Dollar, key levels at scale N1 are: 1.1984, 1.1962, 1.1948, 1.1920, 1.1896, 1.1870, 1.1855 and 1.1833. Here we follow the development of the ascending structure of July 23. We expect continued upward movement after the breakdown of 1.1896, in this case the goal is 1.1920, near this level consolidation. A breakdown of the level 1.1922 will lead to the development of a pronounced upward movement, here the goal is 1.1948, in the corridor 1.1948 – 1.1962 price consolidation. We consider the potential value for the top to be the level 1.1984, upon reaching which expect rollback down.

Short-term downward movement is possible in the corridor 1.1870 – 1.1855, breaking the last value will lead to a deep correction, here the goal is 1.1833, this level is a key support for the top.

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The main trend is the upward structure from July 23

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Key levels of structure development:

Upward resistance: 1.1896 Target: 1.1919,

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Upward resistance: 1.1921 Target: 1.1948,

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Downward resistance: 1.1870 Target: 1.1856,

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Downward resistance: 1.1853 Target: 1.1835

At Pound/Dollar, the key levels at scale N1 are: 1.4066, 1.4037, 1.3967, 1.3934, 1.3893, 1.3864, 1.3813 and 1.3781. Here we follow the development of the ascending structure of July 20. We expect short-term upward movement, as well as consolidation in the corridor 1.3934 – 1.3967, the breakdown of the last value should be accompanied by a pronounced upward movement, here the goal is 1.4037. We consider the potential value for the top to be level 1.4066, upon reaching which we expect consolidation, as well as a rollback down.

Short-term downward movement we expect 1.3893 – 1.3864 in the corridor, a breakdown of the last value will lead to in-depth correction, here the target is 1.3813, the range 1.3813 – 1.3781 is a key support for the upward structure of July 20.

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The main trend is the upward structure from July 20

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Key levels of structure development:

Upward resistance: 1.3935 Target: 1.3966,

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Upward resistance: 1.3969 Target: 1.4035,

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Downward resistance: 1.3892 Target: 1.3866,

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Downward resistance: 1.3862 Target: 1.3815,

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By Dollar/Franc levels on the scale of N4 are: 0.9127, 0.9102, 0.9083, 0.9053, 0.9036, 0.9002, 0.8988 and 0.8963. Here we follow the development of the downward structure of July 20. We expect short-term downward movement in the corridor 0.9053 – 0.9036, the breakdown of the last value should be accompanied by pronounced downward movement, here the target is 0.9002, in the corridor 0.9002 – 0.8988 consolidation. We consider the potential value for the bottom to be 0.8963, after which we expect a rollback up.

Short-term ascending traffic is possible in corridor 0.9083 – 0.9102, breakdown of the latter values will lead to in-depth correction, here the target is 0.9127, this level is the key support for the downstream cycle.

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The main trend is the downward cycle from July 20

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Key levels of structure development:

Upward resistance: 0.9083 Target: 0.9101

Upward resistance: 0.9104 Target: 0.9125

Downstream resistance: 0.9052 Target: 0.9036

Downstream resistance: 0.9034 Target: 0.9004

For the Dollar/Yen pair, the key levels on the scale are: 110.22, 109.91, 109.72, 109.46, 109.22, 108.82, 108.51 and 108.19. Here we follow the development of the downward structure of July 23. We expect a short-term downward movement in the corridor 109.46 – 109.22, breaking the last value will lead to a pronounced movement, here the goal is 108.82, the breakdown of which, in turn, will allow you to count on movement to the level of 108.51, near this level consolidation. We consider the potential value for the top to be level 108.19, upon reaching this level we expect a rollback in the correction.

We expect short-term upward traffic in the corridor 109.72 – 109.91, breaking the last value will lead to in-depth correction, here the goal is 110.22, this level is the key support for the downstream cycle.

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Main trend: top-down structure from July 23

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Key levels of structure development:

Ascending resistance: 109.72 Target: 109.90

Ascending resistance: 109.93 Target: 110.22

Downstream resistance: 109.46 Target: 109.24

Downstream resistance: 109.21 Target: 108.84

For Canadian Dollar/Dollar, key levels at scale N1 are: 1.2594, 1.2531, 1.2495, 1.2429, 1.2364, 1.2327 and 1.2240. Here we follow the medium-term downward structure of July 19. We expect the continuation of the downward movement after breaking the level 1.2429, in this case the target is 1.2364, in the corridor 1.2364 – 1.2327 short-term downward movement, as well as consolidation. We consider the potential value for the bottom to be the level 1.2240, which we expect to move after breaking 1.2327.

Short-term upward movement is possible in the range 1.2495 – 1.2531, breaking the last value will lead to in-depth correction, here the goal is 1.2594, this level is key bottom support.

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The main trend is the downward cycle from July 19

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Key levels of structure development:

Upward resistance: 1.2495 Motion target: 1.2530

Upward resistance: 1.2534 Goal of movement: 1.2594

Downward resistance: 1.2427 Goal of movement: 1.2365

Downward resistance: 1.2363 Goal: 1.2328

For Australian Dollar/Dollar, the key levels at scale N1 are: 0.7444, 0.7409, 0.7374, 0.7340, 0.7319, 0.7291, 0.7239 and 0.7214. Here we follow the upward structure of 21 July. Short-term upward movement, as well as consolidation, are possible in the corridor 0.7374 – 0.7409, breaking the last value will lead to the development of the upward potential of July 21, in this case the first potential goal is 0.7444.

We expect a short-term downward movement in the corridor 0.7340 – 0.7319, breaking the last value will allow us to count on the movement to the level of 0.7291, the breakdown of which should be accompanied by a pronounced downward movement, here the goal is 0.7239. We consider the potential value for the bottom to be 0.7214, upon reaching which we expect to consolidate, as well as roll back up.

The main trend is the downward cycle from July 6, the correction stage

Key levels of structure development:

Upward resistance: 0.7376. The goal of the movement: 0.7407

Upward resistance: 0.7410. The goal of the movement: 0.7444

Downward resistance: 0.7340. The goal of the movement: 0.7320

Downward resistance: 0.7317. The goal of the movement: 0.7292

For the Euro/Yen pair, the key levels on the scale of N1 are: 131.11, 130.90, 130.58. 130.28, 130.13, 129.67, 129.46 and 129.15. Here we follow the development of the ascending structure of July 20. We expect the continuation of the upward movement after the passage at the price of the noise range 130.13 – 130.28, in this case the target is 130.58, near this level consolidation. A breakdown of 130.60 will lead to the development of a pronounced movement, here the potential goal is 131.11, upon which we expect consolidation in the corridor 130.90 – 131.11, as well as a rollback down.

Short-term downward movement is possible in corridor 129.67 – 129.46, breaking the last value will lead to in-depth correction, here the goal is 129.15, this level is the key support for the top.

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The main trend is the upward structure of July 20

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Key levels of structure development:

Ascending resistance: 130.30 Motion target: 130.56

Ascending resistance: 130.60 Motion target: 130.90

Downward resistance: 129.66 Motion target: 129.48

Downward resistance: 129.45 Goal of movement: 129.18

For the Pound/Yen pair, the key levels in scale N1 are: 155.18, 154.29, 153.41, 153.03, 152.46, 151.97, 151.29 and 150.96. Here we follow the development of the medium-term of the ascending structure of July 20. A pass at the cost of the noise range 153.03 – 153.41 will lead to the development of a pronounced upward movement, here the goal is 154.29, near this level consolidation. We consider the potential value for the top to be level 155.18, upon reaching which we expect a rollback down.

Short-term downward movement is possible in the range 152.46 – 151.97, breaking the last value will lead to a deep correction, here the goal is 151.29, the range 151.29 – 150.96 is the key support for the top.

Main trend – medium-term upward structure of 20 July.

Key levels of structure development:

Upward resistance: 153.42. The goal of the movement: 154.27

Upward resistance: 154.33. The goal of the movement: 155.18

Downward resistance: 152.46. Goal of movement: 152.03

Downward resistance: 151.95. The goal of the movement: 151.32

If you have questions about this analytics, you can ask them on the forum Forexdengi.com in the analytics section from Alexei Almazov.

* Market analysis presented is informative and is not a guide to the transaction.

Respectfully, Analyst: Alexey Almazov GK InnaForex © 2007-2021