Forecast for August 20:

Analytical overview of currency pairs on the H1 scale:

The key levels for the euro / dollar pair on the H1 scale are: 1.1965, 1.1913, 1.1883, 1.1862, 1.1824, 1.1782, 1.1729 and 1.1694. Here, we are following the formation of the potential for the downward movement of August 18. The continuation of the downward movement is expected after the breakdown of the level of 1.1824. In this case, the target is 1.1782. There is consolidation near this level. The breakdown of the level 1.1782 should be accompanied by a pronounced downward movement. Here, the target is 1.1729. For the potential value for the bottom, we consider the level 1.1694. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 1.1862 - 1.1883. The breakdown of the last value will lead to a deep correction. Here, the target is 1.1913. This is a key support level for the downward structure from August 18.

The main trend is the formation of a descending structure from August 18

Trading recommendations:

Buy: 1.1862 Take profit: 1.1881

Buy: 1.1884 Take profit: 1.1912

Sell: 1.1822 Take profit: 1.1784

Sell: 1.1780 Take profit: 1.1732

The key levels for the pound / dollar pair on the H1 scale are: 1.3197, 1.3155, 1.3127, 1.3074, 1.3029, 1.2961 and 1.2916. Here, we are following the formation of the downward trend structure from August 19. A short-term downward movement is expected in the range of 1.3074 - 1.3029. The breakdown of the last value will lead to a pronounced downward movement. Here, the target is 1.2961. For the potential value for the bottom, we consider the level of 1.2916. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 1.3127 - 1.3155. The breakdown of the last value will lead to a deep correction. Here, the target is 1.3197. This is a key support level for the downward structure from August 19.

The main trend is the formation of a downward structure from August 19

Trading recommendations:

Buy: 1.3127 Take profit: 1.3155

Buy: 1.3157 Take profit: 1.3195

Sell: 1.3072 Take profit: 1.3031

Sell: 1.3027 Take profit: 1.2965

The key levels for the dollar / franc pair on the H1 scale are: 0.9278, 0.9221, 0.9199, 0.9169, 0.9122, 0.9101 and 0.9065. Here, we are watching the formation of the upward structure from August 18, the development of which is expected after the breakdown of the level of 0.9169. In this case, the target is 0.9199. There is consolidation near this level. The price passing the noise range 0.9199 - 0.9221 will lead to a pronounced development of the movement. Here, the target is 0.9278. There is consolidation, as well as a downward pullback near this level.

A short-term upward movement is possible in the range of 0.9122 - 0.9101. The breakdown of the last value will lead to a deep correction. Here, the target is 0.9065. This is a key support level for the top.

The main trend is the formation of an upward structure from August 18

Trading recommendations:

Buy : 0.9170 Take profit: 0.9199

Buy : 0.9221 Take profit: 0.9275

Sell: 0.9122 Take profit: 0.9102

Sell: 0.9100 Take profit: 0.9067

The key levels for the dollar / yen pair on the scale are : 107.25, 106.96, 106.57, 106.26, 105.92, 105.76, 105.53 and 105.12. Here, the price is forming a potential for the upward cycle of August 19. The continuation of the upward movement is expected after the breakdown of the level of 106.26. In this case, the target is 106.57. There is consolidation near this level. If the price passes the level of 106.58, it will lead to a pronounced upward movement. Here, the target is 106.96. For the potential value for the top, we consider the level of 107.25. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range of 105.92 - 105.76. The breakdown of the last value will lead to a deep correction. Here, the target is 105.53. This is the key support level for the top and the price passing this level will favor the development of a downward trend. In this case, the potential target is 105.12.

The key trend is building up potential by August 19

Trading recommendations:

Buy: 106.26 Take profit: 106.55

Buy : 106.58 Take profit: 106.96

Sell: 105.92 Take profit: 105.76

Sell: 105.74 Take profit: 105.54

The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3282, 1.3239, 1.3204, 1.3143, 1.3096, 1.3061 and 1.3006. Here, we are following the development of the downward structure from August 7th. At the moment, the price is in a correction. The continuation of the downward movement is expected after the breakdown of the level of 1.3143. Here, the target is 1.3096. Price consolidation is in the range of 1.3096 - 1.3061. We consider the level of 1.3006 as a potential value for the bottom. Upon reaching which, we expect consolidation, as well as an upward pullback.

A consolidated movement is possible in the range of 1.3204 - 1.3239. The breakout of the last value will lead to a deep correction. Here, the target is 1.3282. This is the key support level for the downward structure.

The main trend is the descending structure from August 7, the stage of correction

Trading recommendations:

Buy: 1.3204 Take profit: 1.3237

Buy : 1.3240 Take profit: 1.3282

Sell: 1.3142 Take profit: 1.3096

Sell: 1.3094 Take profit: 1.3061

The key levels for the Australian dollar / US dollar pair on the H1 scale are : 0.7240, 0.7218, 0.7201, 0.7160, 0.7143, 0.7106 and 0.7083. Here, we are watching the formation of the potential for the downward cycle of August 19. A short-term downward movement is expected in the range of 0.7160 - 0.7143. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 0.7106. For the potential value for the bottom, we consider the level of 0.7083. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is expected in the range of 0.7201 - 0.7218. The breakdown of the last value will lead to a deep correction. Here, the target is 0.7240. This is the key support level for the downward structure from August 19 and the price passing this level will encourage the formation of initial conditions for an upward cycle. In this case, the target is 0.7278.

The main trend is the formation of a downward structure from August 19

Trading recommendations:

Buy: 0.7201 Take profit: 0.7217

Buy: 0.7219 Take profit: 0.7240

Sell : 0.7160 Take profit : 0.7144

Sell: 0.7142 Take profit: 0.7110

The key levels for the euro / yen pair on the H1 scale are: 127.36, 127.09, 126.63, 126.18, 125.47, 124.93 and 124.68. Here, we are following the downward structure from August 13 as the main trend. The downward movement is expected to continue after the breakdown of the level of 125.47. In this case, the target is 124.93. For now, we consider the level of 124.68 as a potential value, near which we expect consolidation.

The resumption of the upward movement is possible after the breakdown of the level of 126.18. Here, the first target is 126.63. The breakdown of which will lead to a pronounced upward movement. Here, the target is 127.09. We consider the level of 127.36 as a potential value for the top. Upon reaching which, we expect consolidation, as well as a downward pullback.

The main trend is the descending structure from August 13

Trading recommendations:

Buy: 126.18 Take profit: 126.60

Buy: 126.65 Take profit: 127.09

Sell: 125.47 Take profit: 124.95

Sell: 124.91 Take profit: 124.68

The key levels for the pound / yen pair on the H1 scale are : 139.92, 139.44, 139.10, 138.90, 138.57, 138.43, 138.03 and 137.74. Here, the price is forming a downside potential from August 19. The continuation of the downward movement is expected after the price passes the noise range 138.57 - 138.43. In this case, the target is 138.03. We consider the level of 137.74 as a potential value for the bottom. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 138.90 - 139.10. The breakout of the last value will lead to a deep correction. Here, the target is 139.44. This is the key support level for the downward structure.

The main trend is the formation of potential for the bottom of August 19

Trading recommendations:

Buy: 138.90 Take profit: 139.10

Buy: 139.12 Take profit: 139.44

Sell: 138.40 Take profit: 138.05

Sell: 138.00 Take profit: 137.76