FX.co ★ Fractal analysis of major currency pairs for February 15

Dear colleagues.

For the Euro / Dollar currency pair, we expect further downward movement after the breakdown of 1.1242, and at the moment, the price is in the correction zone. For the currency pair Pound / Dollar, we should continue the downward movement after the breakdown of 1.2772. For the currency pair Dollar / Franc, we expect the upward movement to continue after the price passes the range of 1.0086 - 1.0096. For the currency pair Dollar / Yen, the price is in correction from the upward structure and the upward movement can continue after the breakdown of 110.84. For the currency pair Euro / Yen, the level of 124.46 is the key support for the top of February 8. For the currency pair Pound / Yen, we determined the subsequent targets for the downward movement from the local structure on February 13.

Forecast for February 15:

Analytical review of H1-scale currency pairs:

For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1342, 1.1318, 1.1297, 1.1281, 1.1242, 1.1213 and 1.1178. The price is in the correction zone of the downward structure of February 13. A downward movement is expected after the breakdown of 1.1242. In this case, the target is 1.1224 and the passage at the cost of the range of 1.1224 - 1.1213 should be accompanied by a pronounced downward movement. The potential target is 1.1178.

The consolidated movement is possible in the area of 1.1281 - 1.1297 and the breakdown of the last value will lead to an in-depth correction. The target is 1.1318 and this level is the key support for the downward structure. Its breakdown will have to form an upward structure. In this case, the target is 1.1342.

The main trend is the formation of a local structure for the bottom of February 13.

Trading recommendations:

Buy 1.1298 Take profit: 1.1317

Buy 1.1319 Take profit: 1.1341

Sell: 1.1242 Take profit: 1.1224

Sell: 1.1213 Take profit: 1.1178

For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.2935, 1.2876, 1.2837, 1.2772, 1.2722, 1.2689 and 1.2636. We continue to monitor the downward trend of January 28. The downward movement is expected after the breakdown of 1.2772. In this case, the target is 1.2722 and in the area of 1.2722 - 1.2689 is the price consolidation. The potential value for the bottom is considered the level of 1.2636, upon reaching which we expect a rollback to the top.

The short-term upward movement is expected in the area of 1.2885 - 1.2929 and the breakdown of the last value will lead to a prolonged correction. The target is 1.2935.

The main trend is the downward cycle of January 28, the local structure of February 7.

Trading recommendations:

Buy: 1.2837 Take profit: 1.2874

Buy: 1.2877 Take profit: 1.2935

Sell: 1.2772 Take profit: 1.2723

Sell: 1.2687 Take profit: 1.2640

For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0147, 1.0134, 1.0111, 1.0096, 1.0086, 1.0055, 1.0042 and 1.0025. The continuation of the development of the ascending structure from February 11 is expected after the price passes the range of 1.0086 - 1.0096. In this case, the target is 1.0111, and consolidation is near this level. The breakdown of 1.0111 should be accompanied by a pronounced upward movement. The goal is 1.0134. The potential value for the top is considered the level of 1.0147, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is expected in the area of 1.0055 - 1.0042 and the breakdown of the latter value will lead to a prolonged correction. The target is 1.0025 and this level is the key support.

The main trend is the local rising structure of February 11.

Trading recommendations:

Buy: 1.0096 Take profit: 1.0110

Buy: 1.0112 Take profit: 1.0132

Sell: 1.0055 Take profit: 1.0044

Sell: 1.0040 Take profit: 1.0025

For the currency pair Dollar / Yen, the key levels on the scale of H1 are 111.74, 111.32, 111.08, 110.84, 110.42, 110.25 and 109.97. The price is in deep correction from the rising structure on January 31. An upward movement is expected after the breakdown of 110.84. In this case, the first target is 111.08. The short-term upward movement is possible in the area of 111.08 - 111.32 and the breakdown of the latter value will lead to a movement to the potential target of 111.74, upon reaching which we expect a rollback downwards.

The range of 110.42 - 110.25 is the key support for the top. Its price passage will have to form a downward structure. In this case, the potential target is 109.97.

The main trend is the rising structure of January 31, a deep correction.

Trading recommendations:

Buy: 110.84 Take profit: 111.08

Buy: 111.10 Take profit: 111.30

Sell: Take profit:

Sell: 110.25 Take profit: 110.00

For the currency pair Canadian dollar / Dollar, the key levels on the H1 scale are 1.3442, 1.3387, 1.3368, 1.3343, 1.3272, 1.3247, 1.3228 and 1.3193. The price issued a local structure of February 13 to continue the development of the upward trend. We expect the continuation of the movement upward after the breakdown of 1.3343. In this case, the goal is 1.3368, and consolidation is near this level. The price pass of the range of 1.3368 - 1.3387 should be accompanied by a pronounced upward movement. The target is 1.3442, upon reaching this level, we expect a rollback downwards.

The short-term downward movement is expected in the area of 1.3272 - 1.3247 and the range of 1.3247 - 1.3228 is the key support for the top. Its price passage will have to develop a downward structure. In this case, the goal is 1.3193.

The main trend is the ascending structure of January 31, the local structure for the top of February 13.

Trading recommendations:

Buy: 1.3343 Take profit: 1.3368

Buy: 1.3388 Take profit: 1.3440

Sell: 1.3270 Take profit: 1.3247

Sell: 1.3228 Take profit: 1.3195

For the currency pair Australian dollar / dollar, the key levels on the H1 scale are 0.7168, 0.7132, 0.7113, 0.7049, 0.7025, 0.6995 and 0.6977. The price is still in the adjustment area from the downward structure. The short-term downward movement is expected in the area of 0.7049 - 0.7025 and the breakdown of the latter value should be accompanied by a pronounced downward movement. The target is 0.6995. The potential value for the bottom is 0.6977, upon reaching which we expect a consolidated movement in the area of 0.6977 - 0.6995, as well as a rollback to the top.

The short-term upward movement is possible in the area of 0.7113 - 0.7132 and the breakdown of the latter value will lead to a deep correction. The target is 0.7168 and this level is the key support for the downward structure.

The main trend is the downward cycle of January 31, the formation of potential for the top of February 11.

Trading recommendations:

Buy: 0.7113 Take profit: 0.7130

Buy: 0.7134 Take profit: 0.7166

Sell: 0.7047 Take profit: 0.7027

Sell: 0.7025 Take profit: 0.6995

For the currency pair Euro / Yen, the key levels on the H1 scale are 126.36, 126.08, 125.66, 125.35, 125.04, 124.46 and 124.18. The price is close to the abolition of the ascending structure of February 8, for which a breakdown of the level of 124.46 is necessary. In this case, the first target is 124.18. We continue the upward movement after the breakdown of 125.04. The first target is 125.35 and the breakdown of which, in turn, will allow us to expect to move to the level of 125.66, consolidation is near this level. The breakdown of the level of 125.68 must be accompanied by a pronounced upward movement. The target is 126.08. The potential value for the top is considered the level of 126.36, after reaching which we expect consolidation, as well as a rollback to the top.

The main trend is the formation of the ascending structure of February 8, the stage of deep correction.

Trading recommendations:

Buy: 125.04 Take profit: 125.35

Buy: 125.38 Take profit: 125.65

Sell: 124.44 Take profit: 124.20

Sell: Take profit:

For the currency pair Pound / Yen, the key levels on the H1 scale are 142.30, 141.79, 141.49, 140.99, 140.52, 139.69 and 139.15. We determine the subsequent targets for the downward movement from the local structure of February 13. The short-term downward movement is possible in the area of 140.99 - 140.52 and the breakdown of the latter value should be accompanied by a pronounced downward movement. The target is 139.69, and consolidation is near this level. The potential value for the bottom is considered the level of 139.15, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the area of 141.49 - 141.79 and the breakdown of the latter value will lead to an in-depth correction. The goal is 142.30 and this level is the key support for the bottom.

The main trend is the local downward structure of February 13.

Trading recommendations:

Buy: 141.50 Take profit: 141.77

Buy: 141.83 Take profit: 142.30

Sell: 140.99 Take profit: 140.60

Sell: 140.50 Take profit: 139.85