FX.co ★ Fractal analysis of the main currency pairs for October 15

Forecast for October 5:

Analytical review of currency pairs on the scale of H1:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1091, 1.1069, 1.1058, 1.1039, 1.1000, 1.0986, 1.0966 and 1.0939. Here, we continue to consider the local ascending structure of October 8 as a reference. The continuation of the movement to the top is expected after the breakdown of the level of 1.1039. In this case, the target is 1.1058. Price consolidation is in the range of 1.1058 - 1.1069. We consider the level of 1.1091 to be a potential value for the top; upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range 1.1000 - 1.0986. The breakdown of the last value will lead to a long correction. Here, the target is 1.0966. This level is a key support for the top. Its passage at the price will lead to the development of a downward movement. In this case, the target is 1.0939.

The main trend is the medium-term upward structure from October 1, the local structure from October 8.

Trading recommendations:

Buy: 1.1040 Take profit: 1.1058

Buy 1.1070 Take profit: 1.1090

Sell: 1.1000 Take profit: 1.0987

Sell: 1.0984 Take profit: 1.0966

For the pound / dollar pair, the key levels on the H1 scale are: 1.2906, 1.2850, 1.2748, 1.2678, 1.2573, 1.2525 and 1.2447. Here, we are following the development of the upward cycle of October 9. The continuation of the movement to the top is expected after the breakdown of the level of 1.2678. In this case, the target is 1.2748. Price consolidation is near this level. The breakdown of the level of 1.2750 should be accompanied by a pronounced upward movement to the level of 1.2850. For the potential value for the top, we consider the level of 1.2906. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is expected in the range of 1.2573 - 1.2525. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2447. This level is a key support for the top.

The main trend is the upward structure of October 9.

Trading recommendations:

Buy: 1.2678 Take profit: 1.2744

Buy: 1.2750 Take profit: 1.2850

Sell: 1.2573 Take profit: 1.2527

Sell: 1.2523 Take profit: 1.2450

For the dollar / franc pair, the key levels on the H1 scale are: 1.0054, 1.0033, 1.0018, 0.9999, 0.9950, 0.9934, 0.9892 and 0.9872. Here, the price registered a small potential for the top of October 10. The development of this structure is expected after the breakdown of the level of 0.9999. In this case, the target is -1.0018. Price consolidation is in the range of 1.0018 - 1.0033. For the potential value for the top, we consider the level of 1.0054. Upon reaching which, we expect a pullback to the bottom.

Short-term downward movement, as well as consolidation, are possible in the range of 0.9950 - 0.9934. The breakdown of the latter value will favor the development of a downward structure from October 3. In this case, the first goal is 0.9892.

The main trend is the descending structure of October 3, the formation of potential for the top of October 10.

Trading recommendations:

Buy : 0.9999 Take profit: 1.0018

Buy : 1.0035 Take profit: 1.0054

Sell: 0.9950 Take profit: 0.9936

Sell: 0.9931 Take profit: 0.9894

For the dollar / yen pair, the key levels on the scale are : 109.66, 109.33, 108.90, 108.72, 108.24, 108.02 and 107.67. Here, we are following the development of the upward cycle of October 4. Short-term upward movement is expected in the range 108.72 - 108.90. The breakdown of the latter value will lead to a movement to the level of 109.33. Price consolidation is near this level. For the potential value for the top, we consider the level of 109.66. Upon reaching this level, we expect a consolidated movement, as well as a pullback to the bottom.

Short-term downward movement is expected in the range of 108.24 - 108.02. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 107.67. This level is a key support for the top.

The main trend: the upward cycle of October 4.

Trading recommendations:

Buy: 108.90 Take profit: 109.30

Buy : 109.34 Take profit: 109.65

Sell: 108.24 Take profit: 108.03

Sell: 108.00 Take profit: 107.70

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3251, 1.3223, 1.3209, 1.3177, 1.3158, 1.3142 and 1.3107. Here, we are following the development of the downward cycle of October 10. The continuation of movement to the bottom is expected after the breakdown of the level of 1.3177. In this case, the target is 1.3158. Price consolidation is in the range of 1.3158 - 1.3142. For the potential value for the bottom, we consider the level of 1.3107. The movement to which is expected after the breakdown of the level of 1.3140.

Short-term upward movement is possibly in the range of 1.3209 - 1.3223. The breakdown of the latter value will lead to the formation of initial conditions for the upward cycle. In this case, the first potential target is 1.3279.

The main trend is the downward cycle of October 10.

Trading recommendations:

Buy: 1.3226 Take profit: 1.3250

Buy : 1.3253 Take profit: 1.3276

Sell: 1.3177 Take profit: 1.3158

Sell: 1.3140 Take profit: 1.3110

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6890, 0.6868, 0.6838, 0.6815, 0.6782, 0.6772 and 0.6751. Here, we are following the development of the upward cycle of October 2. The continuation of the movement to the top is expected after the breakdown of the level of 0.6815. In this case, the target is 0.6838. Price consolidation is near this level. The breakdown of the level of 0.6840 should be accompanied by a pronounced upward movement. Here, the target is 0.6868. Price consolidation is near this level. For the potential value for the top, we consider the level of 0.6890. Upon reaching which, we expect a pullback to the bottom.

Consolidated movement is possibly in the range of 0.6772 - 0.6751. The breakdown of the latter value will lead to the development of a downward potential of October 11. In this case, the first target is 0.6710. Price consolidation is near this level.

The main trend is the upward structure of October 2, the formation of potential for the downward movement of October 11.

Trading recommendations:

Buy: 0.6815 Take profit: 0.6836

Buy: 0.6840 Take profit: 0.6866

Sell : Take profit :

Sell: 0.6746 Take profit: 0.6710

For the euro / yen pair, the key levels on the H1 scale are: 120.80, 120.22, 119.93, 119.43, 119.16, 118.75 and 118.54. Here, we are following the development of the upward cycle of October 4. At the moment, the price is near the limit values and, mainly, we expect the movement to correction. Short-term upward movement is possibly in the range of 119.93 - 120.22. The breakdown of the latter value will allow you to count on the movement to a potential target - 120.80, but we consider the movement to this level as unstable.

Short-term downward movement is possibly in the range of 119.43 - 119.16. The breakdown of the last value will lead to an in-depth correction. Here, the target is 118.75. The range 118.75 - 118.54 is a key support for the top.

Trading recommendations:

Buy: 119.95 Take profit: 120.20

Buy: 120.25 Take profit: 120.80

Sell: 119.40 Take profit: 119.16

Sell: 119.14 Take profit: 118.80

For the Pound / Yen pair, the key levels on the H1 scale are : 141.05, 140.17, 138.71, 137.79, 136.20, 135.47 and 134.55. Here, we are following the development of the upward cycle of October 8. The continuation of the movement to the top is expected after the breakdown of the level of 137.80. In this case, the target is 138.71. Price consolidation is near this level. The breakdown of the level of 138.71 will lead to the development of pronounced movement. In this case, the goal is 140.17. For the potential value for the top, we consider the level of 141.05. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is possibly in the range of 136.20 - 135.47. The breakdown of the last value will lead to a long correction. Here, the target is 134.55. This level is a key support for the top.

The main trend is the medium-term upward structure of October 8.

Trading recommendations:

Buy: 137.80 Take profit: 138.70

Buy: 138.75 Take profit: 140.10

Sell: 136.20 Take profit: 135.50

Sell: 135.45 Take profit: 134.55