Fractal analysis of the main currency pairs for September 26 - ConsultFX

Fractal analysis of the main currency pairs for September 26

Dear colleagues.

For the currency pair Euro / Dollar, the continuation of the upward movement is expected after the passage at the price range of 1.1809 - 1.1829. For the Pound / Dollar currency pair, the price is close to canceling the downward structure from September 20, which requires a breakdown at the level of 1.3204. For the currency pair Dollar / Franc, the price issued a pronounced initial condition for the top of September 21, the development of which is expected after the breakdown of 0.9690. For the Dollar / Yen currency pair, we follow the local upward structure of September 13, continuing the upward movement forward after the breakdown of 113.01. For the currency pair Euro / Yen, we expect the continuation of the upward movement after the breakdown of 133.16. For the Pound / Yen currency pair, the downward structure of September 21 is still relevant as initial conditions, for the upcoming movement we expect the formation of a pronounced structure to the level of 149.69.

Forecast for September 26:

Analytical review of currency pairs in the scale of H1:

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For the currency pair Euro / Dollar, the key levels on the scale of H1 are: 1.1864, 1.1829, 1.1809, 1.1748, 1.1728 and 1.1701. Here, we continue to follow the local upward structure of September 17. The short-term upward movement is expected in the range of 1.1809 - 1.1829 and the breakdown of the last value will lead to a movement to the potential target of 1.1864, upon reaching this level, we expect a rollback into correction.

The short-term downward movement is possible in the range of 1.1748 - 1.1728 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1701 and this level is the key support for the top.

The main trend is a local structure for the top of September 17, the area of correction.

Trading recommendations:

Buy 1.1810 Take profit: 1.1827

Buy 1.1830 Take profit: 1.1860

Sell: 1.1746 Take profit: 1.1730

Sell: 1.1726 Take profit: 1.1705

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For the Pound / Dollar currency pair, the key levels on the scale of H1 are: 1.3293, 1.3204, 1.3092, 1.3040, 1.2995, 1.2957, 1.2867 and 1.2803. Here, we monitor the formation of a downward structure from September 20 and the level of 1.3204 is the key support. Its breakdown will have to form an upward structure. In this case, the target is 1.3293. The continuation of the movement downwards is expected after the breakdown of 1.3092. In this case, the first target is 1.3040 and the breakdown of which in turn will allow us to count on the movement to 1.2995, up to this level we expect the formation of pronounced initial conditions for the bottom. The passage at the price range of 1.2995 - 1.2957 will lead to the development of a pronounced downward movement. Here, the target is 1.2867. The potential value for the bottom is the level of 1.2803, upon reaching which we expect a rollback to the top.

The main trend is the formation of a downward structure from September 20, a stage of deep correction.

Trading recommendations:

Buy: 1.3206 Take profit: 1.3290

Buy: Take profit:

Sell: 1.3090 Take profit: 1.3042

Sell: 1.3040 Take profit: 1.2995

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For the pair Dollar / Franc, the key levels on the scale of H1 are: 0.9729, 0.9689, 0.9675, 0.9657, 0.9624, 0.9608 and 0.9583. Here, we follow the formation of the potential for the top of September 21. The continuation of the upward movement is expected after the breakdown of 0.9660. In this case, the target is 0.9675 and at this level is the consolidation of the price, and also before it, we expect the formulation of pronounced initial conditions for the upward cycle. The passage at the price range of 0.9675 - 0.9689 will lead to the development of a pronounced movement. Here, the target is 0.9729, from which we expect a pullback to the bottom.

The short-term downward movement is possible in the range of 0.9624 - 0.9608 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9583 and this level is the key support for the top.

The main trend is the formation of the upward structure of September 21.

Trading recommendations:

Buy: 0.9660 Take profit: 0.9675

Buy: 0.9690 Take profit: 0.9725

Sell: 0.9622 Take profit: 0.9610

Sell: 0.9606 Take profit: 0.9588

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For the currency pair Dollar / Yen, the key levels on the scale of H1 are: 113.95, 113.53, 113.34, 113.01, 112.64, 112.41, 112.13 and 111.96. Here, we follow the local upward structure of September 13. The continued upward movement is expected after the breakdown of 113.01. In this case, the target is 113.34 and in the range of 113.34 - 113.53 is the consolidation. The potential value for the top is the level of 113.95, upon reaching which we expect a pullback downwards.

The short-term downward movement is possible in the range of 112.64 - 112.41 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 112.13 and the range of 112.13 - 111.96 is the key support for the top.

The main trend: the local upward structure of September 13.

Trading recommendations:

Buy: 113.01 Take profit: 113.34

Buy: 113.55 Take profit: 113.95

Sell: 112.62 Take profit: 112.45

Sell: 112.38 Take profit: 112.15

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For the Canadian Dollar / Dollar currency pair, the key levels on the scale of H1 are: 1.3065, 1.3003, 1.2968, 1.2945, 1.2888, 1.2837 and 1.2804. Here, we follow the downward structure of September 18. The continued downward movement is expected after the breakdown of 1.2888. In this case, the target is 1.2837. We consider the level of 1.2804 to be a potential value for the downward structure, after which we expect consolidation, and also a rollback to the top.

The short-term upward movement is possible in the range of 1.2945 - 1.2968 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3003 and this level is the key support for the downward structure from September 18.

The main trend is a local downward structure from September 18.

Trading recommendations:

Buy: 1.2945 Take profit: 1.2966

Buy: 1.2970 Take profit: 1.3000

Sell: 1.2888 Take profit: 1.2840

Sell: 1.2835 Take profit: 1.2805

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For the Australian Dollar / Dollar currency pair, the key levels on the scale of H1 are: 0.7390, 0.7362, 0.7320, 0.7287, 0.7252, 0.7224 and 0.7186. Here, we follow the upward cycle of September 11 and at the moment, the price is in correction. The short-term upward movement is expected in the range of 0.7287 - 0.7320 and the breakdown of the last value will lead to a movement to the level of 0.7362. The potential value for the top is the level of 0.7390, after which we expect consolidation.

The short-term downward movement is expected in the range of 0.7252 - 0.7224 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.7186 and this level is the key support.

The main trend is the ascending structure of September 11.

Trading recommendations:

Buy: 0.7287 Take profit: 0.7320

Buy: 0.7322 Take profit: 0.7360

Sell: 0.7252 Take profit: 0.7226

Sell: 0.7222 Take profit: 0.7188

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For the Euro / Yen currency pair, the key levels on the scale of H1 are: 134.55, 133.85, 133.16, 132.29, 131.86, 131.32 and 131.02. Here, we continue to follow the development of the upward cycle of September 10 and at the moment, the price is in correction. The continuation of the upward movement is expected after the breakdown of 133.16. In this case, the target is 133.85 and near this level is the consolidation. The potential value for the upward trend is the level of 134.55, upon reaching which we expect a pullback downwards.

The short-term downward movement is possible in the range of 132.29 - 131.86 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 131.32 and the range of 131.32 - 131.02 is the key support for the top.

The main trend is the upward cycle of September 10.

Trading recommendations:

Buy: 133.16 Take profit: 133.80

Buy: 133.90 Take profit: 134.50

Sell: 132.27 Take profit: 131.88

Sell: 131.80 Take profit: 131.36

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For the Pound / Yen currency pair, the key levels on the scale of H1 are: 149.69, 148.17, 147.59, 146.84, 145.89, 144.86 and 144.11. Here, the descending structure of September 21 is still relevant as potential initial conditions. The short-term downward movement is possible in the range of 148.17 - 147.59 and the breakdown of the latter value will lead to the development of a downward trend. In this case, the first target is 146.84. Its breakdown, in turn, will lead to a movement of 145.89, near this level is the consolidation. The breakdown of the level of 145.89 will lead to the development of a pronounced movement. Here, the target is 144.86. We consider the level of 144.11 to be a potential value for the bottom, after which we expect a rollback to the top.

Regarding the upward movement: to the level of 149.69, we expect the formation of a pronounced structure of the initial conditions for the subsequent definition of goals.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: Take profit:

Buy: Take profit:

Sell: 148.15 Take profit: 147.65

Sell: 147.55 Take profit: 146.90

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