FX.co ★ Fractal analysis for major currency pairs on September 11

Outlook on September 11:

Analytical overview of currency pairs on the H1 scale:

The key levels for the euro/dollar pair on the H1 chart are 1.2085, 1.2043, 1.1980, 1.1918, 1.1877, 1.1816, 1.1789 and 1.1753. We are following the formation of the upward structure from September 9. Here, a short-term upward movement is expected in the range of 1.1877 - 1.1918. If the last value breaks down, it should be accompanied by a strong upward movement. The target here is 1.1980 and there is consolidation near this level. A breakdown of the target will lead to a strong upward movement. Here, the target is 1.2043. For the potential value for the top, we consider the level of 1.2085. Upon reaching which, we expect a correction.

A short-term downward movement is possible in the range of 1.1816 - 1.1789. The breakdown of the last value will be conducive to the following development of a downward trend. In this case, the first target is 1.1753.

The main trend is the formation of an upward structure from September 9

Trading recommendations:

Buy: 1.1877 Take profit: 1.1916

Buy: 1.1919 Take profit: 1.1980

Sell: 1.1816 Take profit: 1.1792

Sell: 1.1790 Take profit: 1.1753

The key levels for the pound/dollar pair are 1.3034, 1.2955, 1.2903, 1.2866, 1.2758, 1.2676, 1.2571 and 1.2508. Here, we define the subsequent targets from the local descending structure on September 10. On the other hand, a short-term downward movement is expected in the range of 1.2758 - 1.2676. In case of breakdown of the last value, a strong movement will occur. The target is 1.2571. Meanwhile, we consider the level of 1.2508 as a potential value for the bottom. Upon reaching which, we expect consolidation and upward pullback.

A short-term upward movement is expected in the range of 1.2866 - 1.2903. Breaking through the last value will lead to a deep correction. The target here is 1.2955, which is the key support for the bottom. Now, the price passing this level will encourage the development of an upward structure. In this case, the potential target is 1.3034.

The main trend is the local descending structure of September 10

Trading recommendations:

Buy: 1.2903 Take profit: 1.2953

Buy: 1.2957 Take profit: 1.3034

Sell: 1.2758 Take profit: 1.2678

Sell: 1.2674 Take profit: 1.2571

The key levels for the dollar/franc pair are 0.9156, 0.9129, 0.9108, 0.9072, 0.9038, 0.8992 and 0.8963. Here, we expect the formation of initial conditions for the downward cycle from September 8. The downward movement is expected to continue after the breakdown of 0.9072. In this case, the target is 0.9038. There is consolidation near this level. The breakdown of the level of 0.9038 will lead to a pronounced downward movement. Here, the target is 0.8992. For the potential value for the bottom, we consider the level of 0.8963. Upon reaching which, we expect a pullback into the correction.

A short-term upward movement is possible in the range of 0.9108 - 0.9129. If the last value breaks down, a deep correction will emerge. Here, the potential target is 0.9156, which is the key support for the downward structure.

The main trend is building potential for the bottom of September 8

Trading recommendations:

Buy : 0.9108 Take profit: 0.9127

Buy : 0.9131 Take profit: 0.9155

Sell: 0.9072 Take profit: 0.9040

Sell: 0.9036 Take profit: 0.8992

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, 1.3259, 1.3214, 1.3190, 1.3169, 1.3127, 1.3095, 1.3050 and 1.3019. Here, we are following the development of the upward cycle from September 1. At the moment, the price is in correction and is forming a potential for the low from September 9. A short-term downward movement is expected in the range of 1.3127 - 1.3095. If the last value breaks down, it will lead to a strong downward movement. Here, the target is 1.3050. We consider the level of 1.3019 as a potential value for the bottom; Upon reaching this level, we expect an upward pullback.

Meanwhile, a short-term upward movement is possible in the range of 1.3169 - 1.3190. If the last value breaks down, it will lead to a deep correction. Here, the target is 1.3214, which is a key support for the downward structure from September 9 and its breakdown will lead to the subsequent development of an upward trend. In this case, the first potential target is 1.3259.

The main trend is the upward cycle from September 1, the correction stage.

Trading recommendations:

Buy: 1.3190 Take profit: 1.3214

Buy : 1.3216 Take profit: 1.3259

Sell: 1.3127 Take profit: 1.3097

Sell: 1.3093 Take profit: 1.3050

The key levels for the AUD/USD pair are 0.7389, 0.7362, 0.7326, 0.7297, 0.7257, 0.7234, 0.7196 and 0.7147. Here, we are watching the formation of the rising initial conditions from September 9th. A short-term upward movement is expected in the range 0.7297 - 0.7326. In case of breakdown of the last value, a strong movement will emerge. Here, the target is 0.7362. For the potential value for the top, we consider the level of 0.7389. Upon reaching which, we expect consolidation and downward pullback.

A short-term downward movement is expected in the range of 0.7257 - 0.7234. The breakdown of the last value will favor the following development of a downward trend. In this case, the first potential target is 0.7196.

The main trend is the formation of potential for the top from September 9

Trading recommendations:

Buy: 0.7298 Take profit: 0.7324

Buy: 0.7327 Take profit: 0.7360

Sell : 0.7257 Take profit : 0.7235

Sell: 0.7233 Take profit: 0.7196

The key levels for the euro/yen pair are 126.79, 126.47, 126.03, 125.69, 125.10, 124.84, 124.40, 123.88 and 123.39. We are following the formation of the upward structure from September 9 here. Now, a short-term upward movement is expected in the range of 125.69 - 126.03. Breaking through the last value will lead to a strong movement. Here, the target is 126.47. We consider the level of 126.79 as a potential value for the top. Upon reaching which, we expect consolidation and a downward pullback.

A short-term downward movement is expected in the range of 125.10 - 124.84. Now, the breakdown of the last value will be conducive to the subsequent development of a downward trend. In this case, the first target is 124.40. The breakdown of which, in turn, should be accompanied by a strong movement towards the potential target - 123.88.

The main trend is the formation of potential for the top from September 9

Trading recommendations:

Buy: 125.70 Take profit: 126.00

Buy: 126.05 Take profit: 126.47

Sell: 125.10 Take profit: 124.85

Sell: 124.82 Take profit: 124.40

The key levels for the pound/yen pair are 138.34, 137.59, 137.11, 136.49, 135.41, 134.59, 133.63 and 132.97. Here, the subsequent targets we have determined from the local descending structure on September 10. Moreover, a short-term downward movement is expected in the range of 135.41 - 134.59, breaking through the last value will lead to a strong movement. Here, the target is 133.63. We consider the level of 132.97 as a potential value for the bottom. Upon reaching which, we expect consolidation and upward pullback.

A short-term upward movement is expected in the range of 136.49 - 137.11. On the other hand, the range of 137.11 - 137.59 is the key support for the downward structure and the price passing this level will encourage the formation of initial conditions for the top. Here, the potential target is 138.34.

The main trend is the local descending structure of September 10

Trading recommendations:

Buy: 136.50 Take profit: 137.10

Buy: 137.60 Take profit: 138.34

Sell: 135.40 Take profit: 134.60

Sell: 134.55 Take profit: 133.65