FX.co ★ Fractal analysis for major currency pairs as of September 26

Hello, dear colleagues.

For the Euro/Dollar pair, we expect the downward movement to continue after the breakdown of 1.0910 and the level of 1.0991 is the key support. For the Pound/Dollar pair, we continue to continue downward movement after the breakdown of 1.2286. For the Dollar/Franc pair, the price formed expressed initial conditions for the upward movement of September 24 and the level of 0.9954 is the key resistance. For the Dollar/Yen pair, we are following the formation of the upward structure of September 24 and the development of which is expected after the breakdown of 107.94. For the Euro/Yen pair, we are following the downward structure of September 18 and we will continue to move down after passing the range of 117.73 – 117.51 and the level of 118.28 is the key support. For the Pound/Yen pair, the development of the downward structure of September 20 is expected after the breakdown of 132.40

Forecast for September 26:

Analytical review of currency pairs on the H1 scale:

For the Euro/Dollar pair, the key levels in the H1 scale are 1.1052, 1.1024, 1.0991, 1.0966, 1.0911, 1.0880, and 1.0839. We continue to follow the development of the downward structure of September 13. The short-term downward movement is expected in the range of 1.0911 – 1.0880 and the breakdown of the last value will lead to a movement to the potential target – 1.0839, upon reaching this level, we expect a pullback upwards.

The short-term upward movement is possible in the area of 1.0966 – 0991 and the breakdown of the last value will lead to an in-depth correction. The target is 1.1024 and this level is the key support for the bottom. Its breakdown will allow you to rely on a movement to the potential target – 1.1052, the level of expected initial conditions for the top.

The main trend is the downward structure of September 13.

Trading recommendations:

Buy: 1.0966 Take profit: 1.0990

Buy 1.0993 Take profit: 1.1024

Sell: 1.0910 Take profit: 1.0882

Sell: 1.0878 Take profit: 1.0840

For the Pound/Dollar pair, the key levels in the H1 scale are 1.2448, 1.2395, 1.2362, 1.2362, 1.2286, 1.2258, and 1.2203. We follow the development of the downward structure of September 20. The short-term downward movement is expected in the range of 1.2286 – 1.2258 and the breakdown of the last value will lead to a movement to the potential target – 1.2203, upon reaching this level, we expect a pullback upwards.

The short-term upward movement is expected in the range of 1.2362 – 1.2395 and the breakdown of the last value will lead to an in-depth correction. The target is 1.2448 and this level is the key support for the downward structure.

The main trend is the downward structure of September 20.

Trading recommendations:

Buy: 1.2362 Take profit: 1.2395

Buy: 1.2397 Take profit: 1.2446

Sell: 1.2286 Take profit: 1.2260

Sell: 1.2256 Take profit: 1.2204

For the Dollar/Franc pair, the key levels in the H1 scale are 1.0054, 1.0037, 1.0007, 0.9985, 0.9954, 0.9923, 0.9908, and 0.9883. The price issued the expressed initial conditions for the upward cycle of September 24. The continuation of the upward movement is expected after the breakdown of 0.9954. In this case, the target is 0.9985 and in the area of 0.9985 – 1.0007 is the short-term upward movement and consolidation. The potential value for the top is the level of 1.0037, after which we expect a consolidated movement in the area of 1.0037 – 1.0054.

The short-term downward movement is possible in the area of 0.9923 – 0.9908 and the breakdown of the last value will lead to an in-depth correction. The target is 0.9885 and this level is the key support for the upward potential from September 24.

The main trend is the initial conditions for the top of September 24.

Trading recommendations:

Buy: 0.9955 Take profit: 0.9985

Buy: 0.9987 Take profit: 1.0005

Sell: 0.9923 Take profit: 0.9909

Sell: 0.9906 Take profit: 0.9885

For the Dollar/Yen pair, the key levels in the H1 scale are 108.84, 108.59, 108.24, 107.94, 107.77, 107.52, 107.39, 107.18, and 106.95. The price has issued a pronounced upward structure from September 24. The short-term upward movement is expected in the range of 107.77 – 107.94 and the breakdown of the last value will lead to a pronounced movement. The target is 108.24 and near this level is the consolidation. The breakdown of 108.25 will lead to a movement to the level of 108.59, from this level, there is a high probability of turning into a correction. The potential value for the top is the level of 108.84.

The short-term downward movement is expected in the area of 107.52 – 107.39 and the breakdown of the last value will lead to an in-depth correction. The target is 107.18 and this level is the key support for the top.

The main trend is the formation of the upward structure of September 24.

Trading recommendations:

Buy: 107.78 Take profit: 107.92

Buy: 107.96 Take profit: 108.22

Sell: 107.50 Take profit: 107.40

Sell: 107.36 Take profit: 107.20

For the Canadian dollar/Dollar pair, the key levels in the H1 scale are 1.3379, 1.3343, 1.3326, 1.3297, 1.3260, 1.3235, 1.3198, and 1.3172. The situation is in equilibrium. The continuation of the upward movement is expected after the breakdown of 1.3297. The target is 1.3326 and in the area of 1.3326 – 1.3343 is the consolidation. The potential value for the top is the level of 1.3379, after reaching this level, we expect a rollback downwards.

The short-term downward movement, as well as consolidation, are possible in the area of 1.3260 – 1.3235 and the breakdown of the last value will lead to an in-depth correction. The target is 1.3198 and this level is the key support for the top. Its breakdown will have a downward structure. In this case, the potential target – 1.3172.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 1.3299 Take profit: 1.3226

Buy: 1.3344 Take profit: 1.3378

Sell: 1.3233 Take profit: 1.3200

Sell: 1.3197 Take profit: 1.3173

For the Australian dollar/Dollar pair, the key levels in the H1 scale are 0.6822, 0.6797, 0.6782, 0.6745, 0.6732, 0.6705, and 0.6683. We follow the development of the downward cycle of September 13. The short-term downward movement is possible in the range of 0.6745 – 0.6732 and the breakdown of the last value should be accompanied by a pronounced downward movement. The target is 0.6705 and near this value is the consolidation. The potential value for the bottom is the level of 0.6683, after which we expect to go into correction.

The short-term upward movement is possible in the area of 0.6782 – 0.6797 and the breakdown of the last value will lead to a prolonged correction. The potential target is 0.6822 and this level is the key support for the downward structure.

The main trend is the downward cycle of September 13th.

Trading recommendations:

Buy: 0.6782 Take profit: 0.6795

Buy: 0.6797 Take profit: 0.6820

Sell: 0.6745 Take profit: 0.6734

Sell: 0.6730 Take profit: 0.6707

For the Euro/Yen pair, the key levels in the H1 scale are 119.02, 118.57, 118.28, 117.73, 117.51, 117.10, and 116.73. We follow the development of the downward structure of September 18. We expect the downward movement to continue after the price passes the range of 117.73 – 117.51. In this case, the target is 117.10. The potential value for the bottom is the level of 116.73, after reaching this value, we expect a rollback upward.

The short-term upward movement is possible in the range of 118.28 – 118.57 and the breakdown of the last value will lead to an in-depth movement. The target is 119.02 and this level is the key support for the downward structure.

The main trend is the downward structure of September 18.

Trading recommendations:

Buy: 118.28 Take profit: 118.55

Buy: 118.60 Take profit: 119.00

Sell: 117.50 Take profit: 117.10

Sell: 117.08 Take profit: 116.73

For the Pound/Yen pair, the key levels in the H1 scale are 135.81, 134.58, 134.03, 133.06, 132.42, 131.45, 130.78, and 129.88. We follow the development of the downward structure of September 20. The short-term downward movement is expected in the range of 133.06 – 132.42 and the breakdown of the last value should be accompanied by a pronounced downward movement. In this case, the target is 131.45 and in the area of 131.45 – 130.78 is the consolidation. The potential value for the downward movement is the level of 129.88, after reaching this level, we expect a rollback upward.

The short-term upward movement is possible in the area of 134.03 – 134.58 and the breakdown of the last value will have to form an upward structure. In this case, the potential target is 135.81.

The main trend is the formation of a downward structure from September 20.

Trading recommendations:

Buy: 134.03 Take profit: 134.55

Buy: 134.60 Take profit: 135.80

Sell: 132.40 Take profit: 131.45

Sell: 131.43 Take profit: 130.80