18.01.201908:11 Forex Analysis & Reviews: Fractal analysis of major currency pairs on January 18

Dear colleagues.

For the currency pair Euro / Dollar, we expect further downward movement after passing by the price of the range of 1.1375 - 1.1358 and we consider the upward movement as a correction. For the currency pair Pound / Dollar, we have expanded the potential for the top to the level of 1.3194. For the currency pair Dollar / Franc, the upward cycle development from January 10 is expected to continue after the price passes the range of 0.9930 - 0.9951. For the currency pair Dollar / Yen, we expect a movement to the level of 109.57 and the breakdown of the level of 109.74 will lead to the continuation of the upward trend. For the currency pair Euro / Yen, the upward movement is expected after the breakdown of 125.15 and the level of 123.05 is the key support. For the currency pair Pound / Yen, we should continue the development of the ascending structure of January 15 after the breakdown of 142.82.

Forecast for January 18:

Analytical review of H1-scale currency pairs:

For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1496, 1.1428, 1.1404, 1.1376, 1.1358, 1.1321 and 1.1291. Here, we continue to follow the development of the downward cycle of January 10. We expect the downward movement to continue after the price passes the range of 1.1376 - 1.1358. In this case, the target is 1.1321. The potential value for the bottom is considered the level of 1.1291, upon reaching which we expect a rollback to the top.

The consolidated movement is expected in the range of 1.1404 - 1.1428 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.1469 and this level is the key support for the downward structure.

The main trend is the downward cycle of January 10.

Trading recommendations:

Buy 1.1406 Take profit: 1.1426

Buy 1.1430 Take profit: 1.1466

Sell: 1.1358 Take profit: 1.1324

Sell: 1.1320 Take profit: 1.1294

For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3194, 1.3118, 1.3057, 1.2944, 1.2900, 1.2839 and 1.2755. Here, we are following the local ascending structure of January 15th. The short-term upward movement is expected in the range of 1.3057 - 1.3118 and the breakdown of the latter value will lead to a movement to the potential target of 1.3194, from which we expect a downward rollback.

The short-term downward movement is possible in the range of 1.2944 - 1.2900 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.2839 and this level is the key support for the top. Its breakdown will have to form a downward structure. In this case, the potential target is 1.2755.

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

Trading recommendations:

Buy: 1.3057 Take profit: 1.3116

Buy: 1.3120 Take profit: 1.3190

Sell: 1.2944 Take profit: 1.2903

Sell: 1.2898 Take profit: 1.2840

For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0034, 0.9984, 0.9951, 0.9930, 0.9897, 0.9877 and 0.9848. Here, we continue to follow the development of the ascending cycle of January 10. The short-term upward movement is possible in the range of 0.9930 - 0.9951 and the breakdown of the latter value will allow us to expect to move to the level of 0.9984, near which we expect consolidation. The potential value for the top is considered the level of 1.0034, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.9897 - 0.9877 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.9848 and this level is the key support for the ascending structure.

The main trend is the ascending structure of January 10.

Trading recommendations:

Buy: 0.9952 Take profit: 0.9982

Buy: 0.9986 Take profit: 1.0032

Sell: 0.9896 Take profit: 0.9878

Sell: 0.9875 Take profit: 0.9850

For the currency pair Dollar / Yen, the key levels on the scale of H1 are 110.33, 110.07, 109.74, 109.57, 109.08, 108.88, 108.60 and 108.21. Here, we are following the rising structure of January 10th. The movement upwards is expected after the price passes the range of 109.57 - 109.74. In this case, the target is 110.07. The potential value for the top is considered the level of 110.33, after reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is possible in the range of 109.08 - 108.88 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 108.60 and this level is the key support. Its breakdown will lead to the development of a downward trend. Here, the goal is 108.21.

The main trend is the rising structure of January 10.

Trading recommendations:

Buy: 109.76 Take profit: 110.05

Buy: 110.08 Take profit: 110.30

Sell: 109.06 Take profit: 108.90

Sell: 108.86 Take profit: 108.63

For the currency pair Canadian dollar / Dollar, the key levels on the H1 scale are 1.33.95, 1.3320., 1.3271, 1.3201, 1.3150 and 1.3065. Here, the situation is in equilibrium and in the range of 1.3201 - 1.3150, we expect a short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 1.3065, after reaching which we expect a rollback to the correction.

The short-term upward movement is possible in the range of 1.3271 - 1.3320 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3395 and this level is the key support for the downward structure.

The main trend is the equilibrium state of the structure.

Trading recommendations:

Buy: 1.3271 Take profit: 1.3320

Buy: 1.3330 Take profit: 1.3395

Sell: 1.3201 Take profit: 1.3155

Sell: 1.3145 Take profit: 1.3070

For the currency pair Australian dollar / Dollar, the key levels on the H1 scale are 0.7391, 0.7313, 0.7270, 0.7238, 0.7180, 0.7152 and 0.7113. Here, we are following the ascending structure of January 3. The short-term upward movement is possible in the range of 0.7238 - 0.7270 and the breakdown of the latter value will lead to the movement to the level of 0.7313, near which consolidation is expected. The potential value for the top is considered to be the level of 0.7391 and we expect a movement to this level after the breakdown of 0.7315.

The consolidated movement is possible in the range of 0.7180 - 0.7152 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7113 and this level is the key support for the upward structure.

The main trend is the ascending structure of January 3.

Trading recommendations:

Buy: 0.7238 Take profit: 0.7270

Buy: 0.7273 Take profit: 0.7312

Sell: 0.7180 Take profit: 0.7155

Sell: 0.7150 Take profit: 0.7120

For the currency pair Euro / Yen, the key levels on the H1 scale are 127.22, 126.70, 125.79, 125.15, 123.74 and 123.05. Here, we continue to follow the rising structure of January 3. At the moment, the price is in a deep correction. An upward movement is expected after the breakdown of 125.15. In this case, the target is 125.79 and price consolidation is near this level. The breakdown of 125.80 must be accompanied by a pronounced upward movement. Here, the goal is 126.70. The potential value for the top is considered the level of 127.22, after reaching which we expect a consolidated movement, as well as a rollback to the top.

The short-term downward movement is possible in the range of 123.74 - 123.05 and the breakdown of the latter value will have to form a downward structure. In this case, the potential target is 122.03, up to this level, we expect clearance of expressed initial conditions for the downward cycle.

The main trend is the ascending structure of January 3, the stage of deep correction.

Trading recommendations:

Buy: 125.15 Take profit: 125.76

Buy: 125.82 Take profit: 126.70

Sell: 123.70 Take profit: 123.10

Sell: 123.05 Take profit: 122.10

For the currency pair Pound / Yen, the key levels on the H1 scale are 145.74, 144.44, 143.91, 142.82, 141.58, 141.04 and 140.21. Here, we are following the development of the ascending structure of January 15. An upward movement is expected after the breakdown of 142.82. In this case, the target is 143.91 and in the range of 143.91 - 144.44 is the price consolidation. The potential value for the top is considered the level of 145.74, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 141.58 - 141.04 and the breakdown of the last value will lead to an in-depth correction. Here, the goal is 140.21 and this level is the key support for the top.

The main trend is the local ascending structure of January 15.

Trading recommendations:

Buy: 142.84 Take profit: 143.90

Buy: 144.45 Take profit: 145.70

Sell: 141.55 Take profit: 141.05

Sell: 141.00 Take profit: 140.30