04.09.201816:46 Forex Analysis & Reviews: Fractal analysis of the main currency pairs for September 4

Dear colleagues.

For the currency pair Euro / Dollar, we have expanded the potential for upward movement to the level of 1.1485 and the level of 1.1615 is the key support for the top. For the Pound / Dollar currency pair, we follow the downward structure from August 30 and the level of 1.2907 is the key support. For the Dollar / Franc currency pair, the expressed initial conditions for the top are expected to reach the level of 0.9774. For the currency pair Dollar / Yen, the price is in an equilibrium state, on the whole we expect the execution of a local structure for the top of August 31. For the currency pair Euro / Yen, the price forms the potential for the bottom of August 29. For the Pound / Yen currency pair, we follow the development of the downward structure from August 30, continuing downwards after the breakdown of 142.75, the level of 143.70 is the key support.

Forecast for September 4:

Analytical review of currency pairs in the scale of H1:

For the currency pair EUR / USD, the key levels on the scale of H1 are: 1.1651, 1.1615, 1.1590, 1.1538, 1.1517 and 1.1485. Here, we follow the development of the downward cycle of August 28. At the moment, we expect the move to the level of 1.1538 and in the corridor of 1.1538 - 1.1517 is the consolidation. The potential value for the bottom is the level of 1.1485 and the movement toward which we expect after the breakdown of 1.1517.

The short-term upward movement is possible in the corridor of 1.1590 - 1.1615 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1651 and this level is the key support for the downward cycle.

The main trend is the downward cycle from August 28.

Trading recommendations:

Buy 1.1590 Take profit: 1.1613

Buy 1.1617 Take profit: 1.1650

Sell: 1.1536 Take profit: 1.1517

Sell: 1.1515 Take profit: 1.1485

For the Pound / Dollar currency pair, the key levels on the H1 scale are 1.2907, 1.2872, 1.2846, 1.2809, 1.2786 and 1.2744. Here, we follow the downward structure of August 30. The short-term downward movement is possible in the corridor of 1.2809 - 1.2786 and the breakdown of the last value will lead to a movement to the potential target of 1.2744, upon reaching this level, we expect a rollback upward.

The short-term upward movement is possible in the corridor of 1.2846 - 1.2872 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2907 and this level is the key support for the bottom.

The main trend is the downward structure of August 30.

Trading recommendations:

Buy: 1.2846 Take profit: 1.2870

Buy: 1.2873 Take profit: 1.2905

Sell: 1.2809 Take profit: 1.2787

Sell: 1.2784 Take profit: 1.2745

For the currency pair Dollar / Franc, the key levels on the scale of H1 are: 0.9774, 0.9748, 0.9729, 0.9703, 0.9683 and 0.9654. Here, we expect the initial conditions for the upward cycle from August 31 to be formalized. The short-term uptrend is possible in the corridor of 0.9729 - 0.9748 and the breakdown of the last value will lead to a movement to the potential target of 0.9774, near this consolidation level.

The short-term downward movement is possible in the corridor of 0.9703 - 0.9683 and the breakdown of the last value will have to form a local downward structure. Here, the target is 0.9654.

The main trend is the formation of the ascending structure of August 31.

Trading recommendations:

Buy: 0.9731 Take profit: 0.9748

Buy: 0.9750 Take profit: 0.9774

Sell: 0.9703 Take profit: 0.9685

Sell: 0.9680 Take profit: 0.9655

For the Dollar / Yen currency pair, the key levels on a scale of H1 are: 112.42, 112.13, 111.80, 111.60, 111.01, 110.82 and 110.47. Here, the situation is in an equilibrium state, as a whole, at the current moment, we expect formal local conditions for the continuation of the medium-term upward structure of August 21. The short-term upward movement is expected in the corridor of 111.60 - 111.80 and the breakdown of the last value will lead to a pronounced movement. In this case, the target is 112.13. We consider the level of 112.42 to be a potential value for the top, after which we expect consolidation, as well as a pullback to the bottom.

The short-term downward movement is possible in the corridor of 111.01 - 110.82 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 110.47 and this level is the key support for the upward structure.

The main trend, we expect the design of the local structure for the top on August 31.

Trading recommendations:

Buy: 111.60 Take profit: 111.80

Buy: 111.83 Take profit: 112.12

Sell: 111.00 Take profit: 110.83

Sell: 110.80 Take profit: 110.50

For the Canadian Dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3235, 1.3200, 1.3182, 1.3152, 1.3133, 1.3097, 1.3071 and 1.3034. Here, we follow the upward cycle of August 30. The continuation of the main trend is expected after passing through the price range of 1.3133 - 1.3152. In this case, the target is 1.3182 and in the corridor of 1.3182 - 1.3200 is the consolidation. The potential value for the top is the level of 1.3235, from which we expect a pullback downwards.

The short-term downward movement is possible in the corridor of 1.3097 - 1.3071 and the breakdown of the last value will lead to an in-depth correction. In this case, the target is 1.3034.

The main trend is the ascending structure of August 30.

Trading recommendations:

Buy: 1.3153 Take profit: 1.3182

Buy: 1.3200 Take profit: 1.3233

Sell: 1.3097 Take profit: 1.3073

Sell: 1.3070 Take profit: 1.3040

For the Australian Dollar / Dollar currency pair, the key levels on the scale of H1 are: 0.7273, 0.7241, 0.7216, 0.7152, 0.7131, 0.7094 and 0.7062. Here, we follow the downward structure of August 28. The continued downward movement is expected after the passage at the price of the noise range of 0.7152 - 0.7131. In this case, the target is 0.7094. The potential value for the bottom is the level of 0.7062, after which we expect the consolidated movement in the range of 0.7062 - 0.7094.

The short-term upward movement is possible in the corridor of 0.7216 - 0.7241 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.7273 and this level is the key support for the bottom.

The main trend is the downward structure of August 28.

Trading recommendations:

Buy: 0.7216 Take profit: 0.7240

Buy: 0.7243 Take profit: 0.7273

Sell: 0.7130 Take profit: 0.7095

Sell: 0.7092 Take profit: 0.7062

For the EUR / JPY currency pair, the key levels on the scale of H1 are: 130.06, 129.55, 129.19, 128.43, 127.98, 127.47 and 127.18. Here, we follow the formation of a downward structure from August 29. The short-term downward movement is possible in the corridor of 128.43 - 127.98 and the breakdown of the last value will lead to a movement to the level of 127.47, and in the corridor of 127.47 - 127.18 is the consolidation.

The short-term upward movement is possible in the corridor of 129.19 - 129.55 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 130.06 and this level is the key resistance for the subsequent development of the upward trend.

The main trend is the formation of the potential for the bottom of August 29.

Trading recommendations:

Buy: 129.19 Take profit: 129.54

Buy: 129.57 Take profit: 130.04

Sell: 128.40 Take profit: 128.00

Sell: 127.95 Take profit: 127.50

For the Pound / Yen currency pair, the key levels on the scale of H1 are: 144.15, 143.70, 143.38, 142.75, 142.31, 141.99 and 141.32. Here, we follow the development of the downward structure of August 30. The continued downward movement is expected after the breakdown of the level of 142.75. In this case, the target is 142.31 and in the corridor of 142.31 - 141.99 is the consolidation. The potential value for the bottom is the level of 141.32, the movement to which we expect after the breakdown of 141.95.

The short-term uptrend is possible in the corridor of 143.38 - 143.70 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 144.15 and this level is the key support for the downward structure from August 30.

The main trend is the downward structure of August 30.

Trading recommendations:

Buy: 143.40 Take profit: 143.65

Buy: 143.75 Take profit: 144.10

Sell: 142.70 Take profit: 142.35

Sell: 142.30 Take profit: 142.00