Fractal analysis of major currency pairs on October 25

Dear colleagues.

For the Euro / Dollar currency pair, we have expanded the potential for a downward cycle from October 16 to the level of 1.1299. For the Pound / Dollar currency pair, there is a high probability of an upward correction from the range of 1.2842 - 1.2802. For the currency pair Dollar / Franc, we have clarified the key objectives for the rising medium-term structure. For the currency pair Dollar / Yen, we are following the downward structure from October 22 and the level of 112.46 is the key support. For the Euro / Yen currency pair, we are following the downward trend from October 22 and we expect further downward movement after the breakdown of 127.17. For the currency pair Pound / Yen, we are following the development of the downward cycle of October 16 and the potential for this cycle is at the level of 142.24.

Forecast for October 25:

Analytical review of H1-scale currency pairs:

For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1472, 1.1433, 1.1380, 1.1346, and 1.1299. Here, we continue to follow the development of the downward cycle of October 16. The downward movement is expected after the breakdown of 1.1380. In this case, the target is 1.1346 and consolidation is near this level. The potential value for the bottom is considered the level of 1.1299, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.1410 - 1.1433 and the breakdown of the latter will lead to the development of a protracted correction. Here, the target is 1.1472 and this level is the key support for the bottom.

The main trend is the downward structure of October 16.

Trading recommendations:

Buy 1.1410 Take profit: 1.1430

Buy 1.1435 Take profit: 1.1470

Sell: 1.1379 Take profit: 1.1348

Sell: 1.1344 Take profit: 1.1305

For the Pound / Dollar currency pair, the key levels on the H1 scale are 1.3044, 1.3004, 1.2945, 1.2909, 1.2842, 1.2802 and 1.2719. Here, we are following the development of the downward structure of October 12. The short-term downward movement is possible in the range of 1.2842 - 1.2802, hence a high probability of a reversal upwards. The breakdown of the level of 1.2802 will lead to the movement to the potential target of 1.2719 and we expect a rollback to the correction from this level.

The short-term uptrend is possible in the range of 1.2909 - 1.2945 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 1.3004 and the range of 1.3004 - 1.3044 is the key support for the downward structure. We expect clearance of the expressed initial conditions for the upward cycle.

The main trend is the downward cycle of October 12.

Trading recommendations:

Buy: 1.2910 Take profit: 1.2945

Buy: 1.2947 Take profit: 1.3004

Sell: 1.2842 Take profit: 1.2802

Sell: 1.2800 Take profit: 1.2725

For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0066, 1.0038, 0.9998, 0.9982, 0.9955, 0.9936, 0.9914 and 0.9888. Here, we clarified the objectives for the ascending structure of October 15. The uptrend development is expected after the price passes the range of 0.9982 - 0.9998. In this case, the target is 1.0038. For now, the potential value for the top is considered the level of 1.0066, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.9955 - 0.9936 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 0.9914 and this level is the key support for the top. The breakdown will have to form the initial conditions for the downward cycle. In this case, the goal is 0.9888.

The main trend is the upward structure of October 15.

Trading recommendations:

Buy: 1.0000 Take profit: 1.0036

Buy: 1.0040 Take profit: 1.0066

Sell: 0.9955 Take profit: 0.9938

Sell: 0.9934 Take profit: 0.9916

For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 112.46, 112.24, 112.09, 111.71, 111.38, 111.14 and 110.84. Here, we are following the downward structure of October 22. The downward movement is expected after the breakdown of 111.71. In this case, the target is 111.38 and in the range of 111.38 - 111.14 is the short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 110.84, after reaching which we expect a rollback to the top.

The short-term ascending is possible in the range of 112.09 - 112.24 and the breakdown of the latter value will lead to a prolonged movement. Here, the goal is 112.46 and this level is the key support for the downward structure of October 22.

The main trend is the downward structure of October 22.

Trading recommendations:

Buy: 112.10 Take profit: 112.24

Buy: 112.26 Take profit: 112.46

Sell: 111.70 Take profit: 111.45

Sell: 111.36 Take profit: 111.16

For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3250, 1.3199, 1.3161, 1.3127, 1.3085, 1.3060, 1.2965 and 1.2913. Here, the price is close to cancellation of the ascending structure of October 16, for which a breakdown of 1.2965 is necessary. In this case, the first potential target is 1.2913. The movement upwards is expected after the price passes the range of 1.3060 - 1.3085. In this case, the first target is 1.3137 and in the range of 1.3161 - 1.3199 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 1.3250, after reaching which we expect a departure to a correction.

The main trend is the upward structure of October 16, the stage of deep correction.

Trading recommendations:

Buy: 1.3085 Take profit: 1.3135

Buy: 1.3163 Take profit: 1.3197

Sell: 1.2965 Take profit: 1.2915

Sell: Take profit:

For the currency pair Australian dollar / Dollar, the key levels on the H1 scale are: 0.7130, 0.7105, 0.7088, 0.7059, 0.7034, 0.7017 and 0.6992. Here, we are following the development of the downward structure of October 17. The continuation of the downward movement is expected after the breakdown of 0.7059. In this case, the goal is 0.7034 and in the range of 0.7034 - 0.7017 is the price consolidation. The potential value for the bottom is considered the level of 0.6992, upon reaching which we expect a rollback to the top.

The short-term uptrend is possible in the range of 0.7088 - 0.7105 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7130 and this level is the key support for the downward structure.

The main trend is the downward structure of October 17.

Trading recommendations:

Buy: 0.7088 Take profit: 0.7105

Buy: 0.7107 Take profit: 0.7130

Sell: 0.7056 Take profit: 0.7034

Sell: 0.7016 Take profit: 0.6992

For the Euro / Yen currency pair, the key levels on the H1 scale are: 128.74, 128.44, 128.08, 127.84, 127.40, 127.17, 126.82 and 126.43. Here, we continue to monitor the downward structure of October 22. The short-term downward movement is possible in the range of 127.40 - 127.17. The breakdown of the latter value will lead to the movement to the level of 126.82 and from this level, there is a high probability of recoil upwards. The potential value for the bottom is considered the level of 126.43, after reaching which we expect a rollback to the top.

The short-term uptrend is possible in the range of 127.84 - 128.08 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 128.44 and this level is the key support for the downward structure of October 22. Its breakdown will have to form an upward structure. In this case, the goal is 128.74

The main trend is the downward structure of October 22.

Trading recommendations:

Buy: 127.84 Take profit: 128.06

Buy: 128.15 Take profit: 128.44

Sell: 127.40 Take profit: 127.20

Sell: 127.15 Take profit: 126.84

For the Pound / Yen currency pair, the key levels on the H1 scale are: 146.39, 146.03, 145.28, 144.76, 143.84, 143.19 and 142.24. Here, we are following the downward structure of October 16. The short-term downward movement is possible in the range of 143.84 - 143.19 and the breakdown of the latter value will lead to the movement to the potential target of 142.24, upon reaching this level we expect a rollback to the top.

The short-term uptrend is possible in the range of 144.76 - 145.28 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 146.03 and the range of 146.03 - 146.39 is the key support for the downward structure. We are waiting for the initial conditions for the top to reach it.

The main trend is the downward structure of October 16.

Trading recommendations:

Buy: 144.76 Take profit: 145.26

Buy: 145.32 Take profit: 146.03

Sell: 143.84 Take profit: 143.22

Sell: 143.16 Take profit: 142.30