19.09.201708:11 Forex Analysis & Reviews: Fractal analysis of the main currency pairs for September 19

Dear colleagues.

For the EUR / USD pair, the price is still in an equilibrium state. For the GBP / USD pair, we are expecting the continuation of the upward movement after the breakdown at 1.3580. For the USD / CHF pair, the continuation of movement upward is expected after the breakdown of 0.9650. The level of 0.9500 is the key support. For the USD / JPY pair, we have expanded the potential for upward movement to the level of 114.24. For the of EUR / JPY pair, we continue to monitor the upward structure of September 15. For the GBP / JPY pair, the development of the upward trend is expected after the breakdown of 151.60.

The forecast for September 19:

Analytical review of currency pairs in the scale of H1:

For the EUR / USD pair, the key levels on the scale of H1 are: 1.2101, 1.2080, 1.2022, 1.1996, 1.1912, 1.1891, 1.1864, 1.1801 and 1.1757. Here, the price forms the potential for the top of September 14. However, we expect the cancellation of the downward structure from September 8 only after passing the price of the noise range of 1.1996 - 1.2022. In this case, the potential target is 1.2101. In the area of 1.2101 - 1.2080 is the consolidation of the price.

Short-term movement to the bottom is expected in the area of 1.1912 - 1.1891. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1864. The breakdown of this level will continue the development of the downward structure on the scale of H1. In this case, the first target is 1.1801.

The main trend is the downward structure from September 8, the formation of the potential for the top of September 14.

Trading recommendations:

Buy: 1.1996 Take profit: 1.2020

Buy: 1.2024 Take profit: 1.2080

Sell: 1.1890 Take profit: 1.1866

Sell: 1.1862 Take profit: 1.1805

For the GBP / USD pair, the key levels on the scale of H1 are: 1.3786, 1.3694, 1.3650, 1.3580, 1.3448 and 1.3382. Here, we continue to follow the upward cycle from September 14 to the M30 scale. Continued upward movement is expected after the breakdown of 1.3580. Here, the first target is 1.3650. Short-term uptrend is possible in the area of 1.3650 - 1.3694. The breakdown of the last value will lead to a movement to the potential target of 1.3786, upon reaching which we expect a pullback downwards.

Short-term downward movement is possible in the area of 1.3448 - 1.3382. The breakdown of the latter value will lead to the development of a downward structure. In this case, the potential target is 1.3173.

The main trend is the local structure from September 14, the correction stage.

Trading recommendations:

Buy: 1.3580 Take profit: 1.3648

Buy: 1.3650 Take profit: 1.3692

Sell: 1.3445 Take profit: 1.3384

Sell: 1.3380 Take profit: 1.3275

For the USD / CHF pair, the key levels on the scale of H1 are: 0.9810, 0.9779, 0.9725, 0.9687, 0.9649, 0.9564, 0.9539 and 0.9501. Here, we continue to follow the upward structure of September 8. At the moment, the price is in correction. Continued upward movement is expected after the breakdown of 0.9650. Here, the first target is 0.9687. In the area of 0.9687 - 0.9725 is the short-term upward movement. The breakdown of the level of 0.9725 should be accompanied by a pronounced upward movement to the level of 0.9779. The potential value for the top is the level of 0.9810, from which we expect a pullback downwards.

Short-term downward movement is expected in the range of 0.9564 - 0.9539. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9501. This level is the key support for the top in the scale of H1.

The main trend is the upward structure of September 8.

Trading recommendations:

Buy: 0.9650 Take profit: 0.9685

Buy: 0.9688 Take profit: 0.9725

Sell: 0.9564 Take profit: 0.9540

Sell: 0.9535 Take profit: 0.9505

For the USD / JPY pair, the key levels on a scale are: 114.24, 113.25, 112.79, 111.92, 111.27, 110.90, 110.08 and 109.01. Here, we follow the upward structure of September 8. Continued upward movement is expected after the breakdown of 111.92. In this case, the target is 112.79. In the area of 112.79 - 113.25 is the consolidation of the price. The potential value for the top is the level of 114.24, upon reaching which we expect a pullback downwards.

Short-term downward movement is possible in the area of 111.27 - 110.90. The breakdown of the last value will lead to in-depth correction. Here, the target is 110.08. This level is the key support for the top. Its breakdown will lead a downward structure. In this case, the target is 109.01.

The main trend is the upward structure of September 8.

Trading recommendations:

Buy: 111.94 Take profit: 112.75

Buy: 113.25 Take profit: 114.20

Sell: 110.90 Take profit: 110.30

Sell: 110.05 Take profit: 109.20

For the CAD / USD pair, the key levels on the H1 scale are: 1.2551, 1.2504, 1.2402, 1.2354, 1.2265, 1.2222, 1.2159 and 1.2021. Here, we follow the development of the upward structure of September 8. Short-term upward movement is possible in the range of 1.2354 - 1.2402. The breakdown of the latter value will lead to the development of a pronounced movement. Here, the target is 1.2504. The potential value for the top is the level of 1.2551, from which we expect a pullback downwards.

Short-term downward movement is possible in the area of 1.2265 - 1.2222. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2159. This level is the key support for the top. Its breakdown will lead a downward structure. In this case, the potential target is 1.2021.

The main trend is the upward structure of September 8.

Trading recommendations:

Buy: 1.2354 Take profit: 1.2400

Buy: 1.2406 Take profit: 1.2500

Sell: 1.2265 Take profit: 1.2224

Sell: 1.2220 Take profit: 1.2160

For the AUD / USD pair, the key levels on the H1 scale are: 0.8092, 0.8045, 0.8019, 0.7950, 0.7899 and 0.7871. Here, we continue to follow the downward structure from September 8. Continued downward movement is expected after the breakdown of 0.7950. In this case, the target is 0.7899. The potential value for the bottom is the level of 0.7871, from which we expect a rollback to the top.

Short-term upward movement is possible in the area of 0.8019 - 0.8045. The breakdown of the last value will lead to the formation of an upward structure. Here, the potential target is 0.8092.

The main trend is the downward structure of September 8.

Trading recommendations:

Buy: 0.8020 Take profit: 0.8044

Buy: 0.8047 Take profit: 0.8090

Sell: 0.7950 Take profit: 0.7900

Sell: 0.7896 Take profit: 0.7874

For the of EUR / JPY pair, the key levels on the scale of H1 are: 135.61, 134.95, 134.00, 133.21, 132.08, 131.53, 130.67 and 129.32. Here, we follow the formation of the local structure for the top of September 15. Continued development of the upward trend is expected after the breakdown of 133.21. Here, the target is 134.00. Near this level is consolidation. Breaking the level of 134.00 should be accompanied by a pronounced upward movement. In this case, the target is 134.95. The potential value for the top is the level of 135.61, upon reaching which we expect a pullback downwards.

Short-term downward movement is possible in the area of 132.08 - 131.53. The breakdown of the last value will lead to the development of a downward structure. Here, the first target is 130.67.

The main trend is the local structure for the top of September 15.

Trading recommendations:

Buy: 133.24 Take profit: 134.00

Buy: 134.05 Take profit: 134.95

Sell: 132.08 Take profit: 131.55

Sell: 131.48 Take profit: 130.70

For the GBP / JPY pair, the key levels in the scale of H1 are: 153.48, 152.84, 151.57, 150.20, 149.53 and 148.52. Here, the price formalized the local structure from September 14 and developed an upward impulse. Continuation of the upward movement is possible after the breakdown of 151.57. Here, the target is 152.84. The potential value for the top is the level 153.48, upon reaching which we expect a pullback downwards.

Short-term downward movement is possible in the area of 150.20 - 149.53. The breakdown of the last value will lead to in-depth correction. Here, the target is 148.52. This level is the key support for the top. Its breakdown will lead to the development of the downward structure.

The main trend is the local cycle of September 14.

Trading recommendations:

Buy: 151.60 Take profit: 152.80

Buy: Take profit:

Sell: 150.20 Take profit: 149.55

Sell: 149.48 Take profit: 148.60