FX.co ★ Fractal analysis for main currency pairs on September 9

Outlook on September 9:

Analytical overview of currency pairs on the H1 scale:

The key levels for the euro/dollar pair on the H1 chart are 1.1867, 1.1823, 1.1790, 1.1756, 1.1734, 1.1688 and 1.1640. We are following the development of the downtrend cycle from September 1. Here, the decline is expected to continue after the price passes the noise range 1.1756 - 1.1734. In this case, the target is 1.1688. There is consolidation near this level. Meanwhile, for the potential value for the bottom, we consider the level of 1.1640, from which an upward pullback is expected.

A short-term upward movement is possible in the range of 1.1790 - 1.1823. If the last value breaks down, it will lead to a deep correction. Here, the target is 1.1867, which is the key support level for the downward structure.

The main trend is the downward cycle from September 1

Trading recommendations:

Buy: 1.1790 Take profit: 1.1821

Buy: 1.1824 Take profit: 1.1865

Sell: 1.1734 Take profit: 1.1690

Sell: 1.1686 Take profit: 1.1640

The key levels for the pound/dollar pair are 1.3078, 1.3004, 1.2965, 1.2910, 1.2873 and 1.2806. We are following the descending structure from September 1st here. Now, a short-term downward movement is expected in the range of 1.2910 - 1.2873. In case of breakdown of the last value, we can count on a movement to a potential target - 1.2806. Upon reaching this level, we expect an upward pullback.

On the other hand, a short-term upward movement is expected in the range of 1.2965 - 1.3004, and breaking through the last value will lead to a deep correction. The target here is 1.3078, which is the key support for the downward structure.

The main trend is the descending structure from September 1.

Trading recommendations:

Buy: 1.2965 Take profit: 1.3002

Buy: 1.3005 Take profit: 1.3076

Sell: 1.2910 Take profit: 1.2874

Sell: 1.2872 Take profit: 1.2807

The key levels for the dollar/franc pair are 0.9308, 0.9263, 0.9239, 0.9202, 0.9174, 0.9134, 0.9103 and 0.9072. We are following the upward structure from September 1. Here, a short-term upward movement is expected in the range of 0.9174 - 0.9202. If the last value breaks down, there will be a strong movement. Here, the target is 0.9239. On the other hand, price consolidation is found in the range of 0.9239 - 0.9263. For the potential value for the top, we consider the level 0.9308. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 0.9134 - 0.9103. If the last value breaks down, a deep correction will emerge. Here, the potential target is 0.9072, which is the key support level for the top.

The main trend is the upward structure from September 1

Trading recommendations:

Buy : 0.9204 Take profit: 0.9239

Buy : 0.9240 Take profit: 0.9261

Sell: 0.9134 Take profit: 0.9105

Sell: 0.9101 Take profit: 0.9072

The key levels for the dollar yen are 107.53, 107.33, 107.02, 106.77, 106.47, 106.47, 106.00, 105.79 and 105.52. We are following the upward structure from August 28. Here, the price is currently in the correction zone. The continued growth is expected after the breakdown of the level of 106.47. In this case, the target is 106.77. Meanwhile, there is a short-term upward movement, as well as consolidation in the range of 106.77 - 107.02. The breakdown of the last level will allow us to count on a movement to the potential target - 107.33. Upon reaching which, we expect consolidation in the range 107.33 - 107.53 and as a key reversal into the correction.

A consolidated movement is possible in the range of 106.00 - 105.79. If the last value breaks down, there will be a deep correction. Here, the target is 105.52, which is the key resistance level for the subsequent development of the downward trend.

The main trend is the upward structure from August 28.

Trading recommendations:

Buy: 106.48 Take profit: 106.77

Buy : 106.78 Take profit: 107.00

Sell: 105.76 Take profit: 105.52

Sell: 105.50 Take profit: 105.28

The key levels for the USD/CAD pair are 1.3342, 1.3308, 1.3276, 1.3214, 1.3189 and 1.3154. Here, we are following the development of the upward cycle from September 1. A short-term upward movement is expected in the range of 1.3276 - 1.3308. In case of breakdown of the last value, it will lead to a movement to a potential target - 1.3342. Upon reaching this level, we expect a downward pullback.

A short-term downward movement is possible in the range of 1.3214 - 1.3189. If the last value breaks down, it will lead to a deep correction. Here, the target is 1.3154, which is the key support level for the top.

The main trend is the upward cycle from September 1

Trading recommendations:

Buy: 1.3276 Take profit: 1.3306

Buy : 1.3310 Take profit: 1.3340

Sell: 1.3214 Take profit: 1.3190

Sell: 1.3187 Take profit: 1.3155

The key levels for the AUD/USD pair are 0.7301, 0.7257, 0.7231, 0.7186, 0.7143, 0.7119 and 0.7068. We are following the development of the downtrend cycle from September 1. Here, the downward movement is expected to continue after the breakdown of the level of 0.7186. In this case, the target is 0.7143. On the other hand, there is a short-term downward movement and consolidation in the range of 0.7143 - 0.7119. For the potential value for the bottom, we consider the level of 0.7068. The movement to which is expected after the breakdown of 0.7117.

A short-term upward movement is expected in the range of 0.7231 - 0.7257. If the last value breaks down, it will lead to a deep correction. Here, the target is 0.7301, which is the key support for the bottom.

The main trend is the descending structure from September 1

Trading recommendations:

Buy: 0.7231 Take profit: 0.7255

Buy: 0.7258 Take profit: 0.7300

Sell : 0.7186 Take profit : 0.7145

Sell: 0.7142 Take profit: 0.7120

The key levels for the euro/yen pair are 125.69, 125.10, 124.84, 124.31, 123.88 and 123.39. Here, we are following the descending structure from September 1st. The downward movement is expected to continue after the breakdown of 124.31. In this case, the target is 123.88. There is consolidation near this level. On the other hand, we consider the level 123.39 as a potential value for the bottom, the movement to which is expected after the breakdown of the level of 123.86.

A short-term upward movement is expected in the range of 124.84 - 125.10. If the last value breaks down, it will lead to a deep correction. The target is 125.69, which is the key support for the downward structure.

The main trend is the downward cycle from September 1

Trading recommendations:

Buy: 124.84 Take profit: 125.10

Buy: 125.15 Take profit: 125.65

Sell: 124.30 Take profit: 123.90

Sell: 123.85 Take profit: 123.40

The key levels for the pound/yen pair are 138.62, 138.26, 137.62, 136.83, 136.27 and 135.56. Here, we are following the descending structure from September 1st. Now, a short-term downward movement is expected in the range of 136.83 - 136.27. If the last value breaks down, it will allow us to count on a movement to a potential target - 135.56. Upon reaching this level, we expect an upward pullback.

Meanwhile, we expect going into correction after the breakdown of 137.62. In this case, the target is 138.26. The range of 138.26-138.62 is a key support for the descending structure and we expect the initial conditions for the ascending cycle to be formed before it.

The main trend is the descending structure from September 1

Trading recommendations:

Buy: 137.62 Take profit: 138.26

Buy: 140.36 Take profit: 140.98

Sell: 136.80 Take profit: 136.30

Sell: 136.25 Take profit: 135.56