FX.co ★ Fractal analysis for major currency pairs as of December 27

Dear colleagues.

For the Euro / Dollar pair, follow the development of the upward structure of December 12, as the movement is expected to push higher after the breakdown of 1.1898. On the Pound / Dollar pair, consider the ascending structure of December 15 as the main structure. For the Dollar / Franc pair, follow the formation of the initial conditions for the top of December 19. For the Dollar / Yen pair, the continuation of the upward movement is expected after the breakdown of 113.50. For the Euro / Yen pair, the price is in the correction zone from the ascending structure on December 15. According to the Pound / Yen pair, the continuation of the upward structure development from December 15 is expected after the entry at the price of the noise range 151.89 - 152.10.

Forecast for December 27:

Analytical review of currency pairs in the H1 scale:

For the Euro / Dollar pair, the key levels on the H1 scale are 1.1982, 1.1944, 1.1897, 1.1849, 1.1817, 1.1796 and 1.1765. Here, we follow the upward cycle of December 12. The continued development of the upward cycle from December 12 is expected after the breakdown of 1.1897. In this case, the target is 1.1944 near the consolidation level. The potential value for the top is the level of 1.1982, upon reaching a downward pullback is expected.

The correction is expected to continue after the breakdown at 1.1849, with the target at 1.1817. Short-term downward movement is possible at the entry point of 1.1817 - 1.1796, the breakdown of the latter value will have to develop the downward movement. In this case, the first target is 1.1765.

The main trend is the ascending structure of December 12.

Trading recommendations:

Buy: 1.1898 Take profit: 1.1942

Buy: 1.1946 Take profit: 1.1980

Sell: 1.1846 Take profit: 1.1820

Sell: 1.1815 Take profit: 1.1798

For the Pound / Dollar pair, key levels on the H1 scale are 1.3539, 1.3509, 1.3464, 1.3424, 1.3359, 1.3338 and 1.3300. Here, ascending from December 15 is considered as the main structure. The continuation of the upward movement is expected after the breakdown of 1.3424. In this case, the target is 1.3464 near the price consolidation. Breaking the level 1.3464 should be accompanied by an evident upward movement, with the target at 1.3509. The potential value for the top is the level of 1.3539, after which a pullback downwards is expected.

Short-term downward movement is possible in the corridor 1.3359 - 1.3338, the breakdown of the last value will have to form a downward structure, with the target at 1.3300.

The main trend is the ascending structure of December 15.

Trading recommendations:

Buy: 1.3426 Take profit: 1.3462

Buy: 1.3466 Take profit: 1.3505

Sell: 1.3357 Take profit: 1.3338

Sell: 1.3336 Take profit: 1.3303

For the Dollar / Franc pair, the key levels in the H1 scale are: 1.0015, 0.9985, 0.9967, 0.9937, 0.9917, 0.9881, 0.9862 and 0.9832. Here, we follow the formation of the initial conditions for the top of December 19. Continued development of the upward trend is expected after the breakdown of 0.9917, in this case, the target is 0.9937 near consolidation. The break of 0.9940 level should be accompanied by an evident upward movement, with the target at 0.9967, within the range 0.9967 - 0.9985 consolidation. The potential value for the top is the level 1.0015, upon reaching which we expect a pullback downwards.

Short-term downward movement is possible in the range of 0.9881 - 0.9862, hence the probability of a turn up is high, the breakdown of the level of 0.9862 will have a downward structure. In this case, the target is 0.9832.

The main trend is the formation of initial conditions for the top of December 19.

Trading recommendations:

Buy: 0.9918 Take profit: 0.9935

Buy: 0.9940 Take profit: 0.9965

Sell: 0.9880 Take profit: 0.9864

Sell: 0.9860 Take profit: 0.9735

For the pair Dollar / Yen, the key levels on a scale are 114.53, 114.14, 113.86, 113.47, 113.07, 112.80 and 112.41. Here, the continuation of the development of the upward structure from December 15 is expected after the breakdown of 113.47. In this case, the target is 113.86, in the corridor 113.86 - 114.14 consolidation. The potential value for the top is level 114.53, upon reaching which we expect a pullback downwards.

Short-term downward movement is possible in the corridor 113.07 - 112.80, the breakdown of the last value will lead to an in-depth correction, with the target at 112.41. This level is the major support for the top.

The main trend: the upward structure of December 15.

Trading recommendations:

Buy: 113.48 Take profit: 113.84

Buy: 114.16 Take profit: 114.50

Sell: 113.05 Take profit: 112.82

Sell: 112.78 Take profit: 112.45

For the Canadian Dollar / Dollar pair, the key levels for H1 scale are 1.2837, 1.2787, 1.2754, 1.2688, 1.2650, 1.2564 and 1.2532. Here, we follow the formation of the downward structure of December 19. Short-term downward movement is possible in the corridor of 1.2688 - 1.2650, the breakdown of the last value should be accompanied by a pronounced movement to the level of 1.2564. The potential value for the bottom is the level of 1.2532, upon the achievement of which we expect consolidation.

Short-term upward movement is possible in the corridor of 1.2754 - 1.2787, breakdown of the last value will lead to an in-depth correction, with the target at 1.2837, this level is the key support for the downward structure.

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

Trading recommendations:

Buy: 1.2754 Take profit: 1.2786

Buy: 1.2789 Take profit: 1.2835

Sell: 1.2686 Take profit: 1.2652

Sell: 1.2648 Take profit: 1.2566

For the Australian Dollar / Dollar pair, the key levels for H1 scale are: 0.7792, 0.7766, 0.7737, 0.7687, 0.7665, 0.7627 and 0.7608. Here, we follow the upward structure of December 8. The breakdown of 0.7739 will allow us to consider the move to 0.7766, the potential value for the top is the level of 0.7792, from which we expect the correction to go.

Short-term downward movement is possible in the corridor of 0.7687 - 0.7665, the breakdown of the last value will lead to an in-depth correction, with the target at 0.7627. The range of 0.7627 - 0.7608 is the key support for the top, earlier than that, formulation of pronounced initial conditions is expected.

The main trend is the upward cycle from December 8.

Trading recommendations:

Buy: 0.7739 Take profit: 0.7764

Buy: 0.7768 Take profit: 0.7790

Sell: 0.7685 Take profit: 0.7667

Sell: 0.7660 Take profit: 0.7630

For the Euro / Yen pair, the key levels on the scale of H1 are 135.54, 135.00, 134.79, 134.21, 133.89 and 133.44. Here, the continuation of the development of the upward structure from December 15 is expected after passing through the price of the noise range of 134.79 - 135.00. In this case, the potential target is 135.54, upon reaching this level we expect a pullback downwards.

Short-term downward movement is possible in the corridor of 134.21 - 133.89, the breakdown of the last value will lead to an in-depth correction, with the target at 133.45 level which is the key support for the top.

The main trend is the ascending cycle of December 15.

Trading recommendations:

Buy: 135.05 Take profit: 135.50

Buy: Take profit:

Sell: 134.20 Take profit: 133.90

Sell: 133.85 Take profit: 133.45

For the Pound / Yen pair, the key levels on the H1 scale are 153.05, 152.50, 152.10, 151.89, 151.30, 151.03, 150.67 and 150.02. Here, we continue to follow the upward structure of December 15. The continuation of the upward movement is expected after the passage at the price of the noise range 151.89 - 152.10. In this case, the target is 152.50. The potential value for the top is the level 153.05, which a departure to correction is expected upon reaching that level.

Short-term downward movement is possible in the corridor of 151.30 - 151.03, the breakdown of the last value will lead to in-depth movement, with the target at 150.67 level which is the key support for the top.

The main trend is the upward structure from December 15, the correction stage.

Trading recommendations:

Buy: 152.10 Take profit: 152.50

Buy: 152.53 Take profit: 153.00

Sell: 151.30 Take profit: 151.05

Sell: 151.00 Take profit: 150.70

* The presented market analysis is informative and does not constitute a guide to the transaction.