Fractal analysis of major currency pairs for April 8

Analytical review of H1-scale currency pairs:

The main trend is the formation of initial conditions for the top of April 2.

Trading recommendations:

Buy 1.1260 Take profit: 1.1280

Buy 1.1284 Take profit: 1.1305

Sell: 1.1227 Take profit: 1.1211

Sell: 1.1208 Take profit: 1.1189

The main trend is the formation of the downward structure of April 4.

Trading recommendations:

Buy: 1.3060 Take profit: 1.3085

Buy: 1.3090 Take profit: 1.3120

Sell: 1.2984 Take profit: 1.2960

Sell: 1.2957 Take profit: 1.2926

The main trend is the upward structure of March 27.

Trading recommendations:

Buy: 0.9998 Take profit: 1.0020

Buy : 1.0025 Take profit: 1.0038

Sell: 0.9975 Take profit: 0.9964

Sell: 0.9958 Take profit: 0.9942

The main trend is the rising structure of March 25.

Trading recommendations:

Buy: 111.72 Take profit: 112.05

Buy: 112.07 Take profit: 112.24

Sell: 111.62 Take profit: 111.44

Sell: 111.40 Take profit: 111.15

The main trend is the ascending cycle of April 3rd.

Trading recommendations:

Buy: 1.3396 Take profit: 1.3420

Buy : 1.3422 Take profit: 1.3440

Sell: 1.3363 Take profit: 1.3350

Sell: 1.3345 Take profit: 1.3326

The breakdown of the level of 0.7155 will lead to the development of a pronounced movement. Here, the target is 0.7183. For the potential value for the top, we consider the level of 0.7202. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Consolidated movement is possible in the range of 0.7106 - 0.7092. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 0.7074. This level is a key support for the top.

Trading recommendations:

Buy: 0.7131 Take profit: 0.7150

Buy: 0.7155 Take profit: 0.7180

Sell : 0.7090 Take profit : 0.7077

Sell: 0.7070 Take profit: 0.7050

The main trend is the upward cycle of March 28.

Trading recommendations:

Buy: 125.45 Take profit: 125.90

Buy: 125.95 Take profit: 126.20

Sell: 125.00 Take profit: 124.80

Sell: 124.75 Take profit: 124.50

The main trend is the upward structure of March 29, the stage of deep correction.

Trading recommendations:

Buy: 146.10 Take profit: 146.60

Buy: 146.64 Take profit: 14720

Sell: 144.90 Take profit: 144.00

The material has been provided by InstaForex Company - www.instaforex.com