19.01.201808:13 Forex Analysis & Reviews: Fractal analysis of the main currency pairs on January 19

Dear colleagues.

For the pair Euro / Dollar, the price forms a local structure for the top of January 17, which will allow you to exit the correction zone. On the Pound / Dollar pair, we follow the formation of the local structure for the top of January 16. For the pair Dollar / Franc, we continue to move downwards after the breakdown of 0.9562. For the pair Dollar / Yen, the price is still in the correction from the descending structure. The level of 111.96 is the key support. For the pair Euro / Yen, the continuation of the upward movement is expected after the passage at the price of the noise range of 136.16 - 136.46. For the Pound / Yen pair, we follow the upward structure from January 11. The continuation of the upward movement is expected after the breakdown of 154.60.

Forecast for January 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: 1.2411, 1.2359, 1.2336, 1.2294, 1.2264, 1.2169 and 1.2098. Here, we continue to follow the upward structure from January 9. At the moment, the price is in correction. The breakdown at the level of 1.2169 will lead to the development of an in-depth correction movement. Here, the target is 1.2098 and to this level, we expect formalized initial conditions for a downward cycle. The continued upward movement is expected after the pass at the price of the noise range of 1.2264 - 1.2294. In this case, the first target is 1.2336 and in the corridor of 1.2336 - 1.2359 is the consolidation. The potential value for the top is the level of 1.2411, upon reaching which we expect a pullback downwards.

The main trend is the upward structure from January 9, the correction stage.

Trading recommendations:

Buy: 1.2296 Take profit: 1.2334

Buy 1.2360 Take profit: 1.2410

Sell: 1.2167 Take profit: 1.2110

Sell: Take profit:

For the Pound / Dollar pair, the key levels on the scale of H1 are: 1.4154, 1.4099, 1.3987, 1.3940, 1.3861, 1.3814 and 1.3731. Here, we follow the formation of the local upward structure of January 16. The short-term upward movement is expected in the range of 1.3940 - 1.3987 and the breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.4099. The potential value for the top is the level of 1.4154, upon reaching which we expect a pullback downwards.

The short-term downward movement is possible in the corridor of 1.3861 - 1.3814 and the breakdown of the last value will lead to the formation of a downward structure. In this case, the target is 1.3731.

The main trend is the local upward structure of January 16.

Trading recommendations:

Buy: 1.3940 Take profit: 1.3985

Buy: 1.3990 Take profit: 1.4096

Sell: 1.3860 Take profit: 1.3816

Sell: 1.3812 Take profit: 1.3740

For the pair Dollar / Franc, the key levels on the scale of H1 are: 0.9684, 0.9662, 0.9564, 0.9531 and 0.9498. Here, we follow the downward structure of January 10. The continued downward movement is expected after the breakdown of 0.9564. In this case, the target is 0.9531, near which we expect consolidation. The potential value for the bottom is the level of 0.9498, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the corridor of 0.9662 - 0.9684.

The main trend is the downward structure of January 10.

Trading recommendations:

Buy: 0.9662 Take profit: 0.9682

Buy: Take profit:

Sell: 0.9602 Take profit: 0.9564

Sell: 0.9562 Take profit: 0.9533

For the pair Dollar / Yen, the key levels on the scale of H1 are: 111.96, 111.56, 111.27, 110.22, 109.86, 109.63 and 109.07. Here, we continue to follow the downward structure from January 8. At the moment, the price is in correction. The continued downward movement is expected after the breakdown of 110.20. In this case, the target is 109.86 and in the corridor of 109.86 - 109.63 is the consolidation. The potential value for the bottom is the level of 109.07, the movement to which we expect after the breakdown of 109.60.

The short-term upward movement is possible in the corridor of 111.27 - 111.56 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 111.96 and this level is the key support for the downward structure. Before it, we expect the initial conditions for the top to be formalized.

The main trend is the downward cycle from January 8, the correction stage.

Trading recommendations:

Buy: 111.29 Take profit: 111.55

Buy: 111.58 Take profit: 111.94

Sell: 110.20 Take profit: 109.88

Sell: 109.60 Take profit: 109.10

For the Canadian Dollar / Dollar pair, the key levels on the H1 scale are: 1.2508, 1.2471, 1.2447, 1.2401, 1.2380, 1.2323 and 1.2287. Here, we follow the downward structure of January 11. The short-term downward movement is expected in the corridor of 1.2401 - 1.2380 and the breakdown of the last value should be accompanied by a pronounced movement to the level of 1.2323. The potential value for the bottom is the level of 1.2287, upon reaching which we expect a departure to correction.

The short-term upward movement is possible in the corridor of 1.2447 - 1.2471 and the breakdown of the last value will lead to an in-depth movement. Here, the target is 1.2508.

The main trend is the downward structure of January 11.

Trading recommendations:

Buy: 1.2447 Take profit: 1.2470

Buy: 1.2475 Take profit: 1.2505

Sell: 1.2380 Take profit: 1.2330

Sell: 1.2320 Take profit: 1.2290

For the Australian Dollar / Dollar pair, the key levels on the scale of H1 are: 0.8063, 0.8039, 0.8002, 0.7941, 0.7927 and 0.7897. Here, we continue to follow the upward structure of January 9. The continued upward movement is expected after the breakdown of 0.8002. In this case, the target is 0.8039. The potential value for the top is the level 0.8063, after which we expect consolidation, as well as a pullback to the bottom.

The development of the corrective movement is possible after passing through the price of the key support 0.7941 - 0.7927. In this case, the target is 0.7897 and this level is the key resistance for the subsequent development of the downward movement.

The main trend is the ascending structure of January 9.

Trading recommendations:

Buy: 0.8005 Take profit: 0.8035

Buy: 0.8042 Take profit: 0.8060

Sell: 0.7926 Take profit: 0.7900

Sell: Take profit:

For the EUR / JPY pair, the key levels on the scale of H1 are: 137.47, 137.06, 136.46, 136.16, 135.35, 135.03, 134.62 and 134.04. Here, we continue to follow the upward structure of January 10. The continuation of the upward movement is expected after the passage at the price of the noise range of 136.161 136.46. In this case, the target is 137.06. The potential value for the top is the level of 137.47, upon which we expect consolidation, as well as a pullback to the bottom.

The short-term downward movement is possible in the corridor of 135.35 - 135.03 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 134.62 and this level is the key support for the top. Its passage at the price will have a downward structure. In this case, the target is 134.04.

The main trend is the ascending structure of January 10.

Trading recommendations:

Buy: 136.48 Take profit: 137.05

Buy: 137.08 Take profit: 137.45

Sell: 135.03 Take profit: 134.64

Sell: 134.60 Take profit: 134.06

For the Pound / Yen pair, the key levels on the scale of H1 are: 156.29, 155.27, 154.59, 153.58, 152.83, 151.86 and 150.08. Here, we follow the upward cycle of January 11. The short-term upward movement is expected in the range of 154.59 - 155.27 and the breakdown of the last value will allow us to count on the movement to the potential target of 156.29, upon reaching this level we expect a pullback downwards.

The short-term downward movement is possible in the corridor of 153.58 - 152.83 and the breakdown of the last value will lead to an in-depth movement. Here, the target is 151.86 and this level is the key support for the upward trend. Its passage by the price will lead to the development of a downward structure. In this case, the potential target is 150.08.

The main trend is the ascending cycle of January 11.

Trading recommendations:

Buy: 154.60 Take profit: 155.25

Buy: 155.32 Take profit: 156.25

Sell: 153.55 Take profit: 152.86

Sell: 152.78 Take profit: 151.88