Showing posts with label Fractal analysis of major currency pairs for April 8. Show all posts
Showing posts with label Fractal analysis of major currency pairs for April 8. Show all posts

Fractal analysis of major currency pairs for April 8

Analytical review of H1-scale currency pairs:

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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

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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

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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

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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

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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

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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

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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

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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