04.09.201903:09 Forex Analysis & Reviews: Fractal analysis of the main currency pairs for September 4

Forecast for September 4:

Analytical review of currency pairs on the scale of H1:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1025, 1.0980, 1.0960, 1.0922, 1.0897 and 1.0849. Here, we continue to monitor the downward structure from August 26. At the moment, the price is in correction. Short-term downward movement is expected in the range 1.0922 - 1.0897. Hence, there is a high probability of a reversal in the correction zone. The breakdown of the level of 1.0897 will be accompanied by an unstable movement towards a potential descending target - 1.0849.

Consolidated movement is expected in the range of 1.0960 - 1.0980. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 1.1012. This level is a key support for the downward structure.

The main trend is the downward cycle of August 26, the correction stage.

Trading recommendations:

Buy 1.0982 Take profit: 1.1012

Sell: 1.0922 Take profit: 1.0902

For the pound / dollar pair, the key levels on the H1 scale are: 1.2255, 1.2216, 1.2159, 1.2113, 1.2069, 1.2040, 1.1993, 1.1946 and 1.1884. Here, the price forms a pronounced potential for the top of September 3 in the correction of the downward cycle. The continuation of the movement to the top is expected after the breakdown of the level of 1.2113. In this case, the target is 1.2159, and near this level is a price consolidation. The breakdown of the level of 1.2160 should be accompanied by a pronounced upward movement. Here, the target is 1.2216. For the potential value for the top, we consider the level of 1.2255. Upon reaching which, we expect a pullback to the bottom.

Short-term downward movement is expected in the range of 1.2069 - 1.2040. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1993. This level is a key support for the upward potential. Its passage will allow us to expect further development of the downward trend. In this case, the first goal is 1.1946 .

The main trend is the descending structure of August 27, the correction stage.

Trading recommendations:

Buy: 1.2113 Take profit: 1.2157

Buy: 1.2161 Take profit: 1.2216

Sell: 1.2069 Take profit: 1.2040

Sell: 1.2038 Take profit: 1.1995

For the dollar / franc pair, the key levels on the H1 scale are: 1.0025, 0.9980, 0.9958, 0.9920, 0.9877, 0.9856 and 0.9822. Here, we continue to monitor the ascending structure of August 26. At the moment, the price is in correction. The continuation of the movement to the top is expected after the breakdown of the level of 0.9920. In this case, the target is 0.9958. Price consolidation is in the range of 0.9958 - 0.9980. For the potential value for the top, we consider the level of 1.0025. Upon reaching this level, we expect a pullback to the bottom.

Consolidated movement is possibly in the range of 0.9877 - 0.9856. The breakdown of the latter value will lead to in-depth movement. Here, the target is 0.9822. This level is a key support for the top.

The main trend is the ascending structure of August 26.

Trading recommendations:

Buy : 0.9920 Take profit: 0.9958

Buy : 0.9980 Take profit: 1.0025

Sell: 0.9854 Take profit: 0.9822

For the dollar / yen pair, the key levels on the scale are : 107.88, 107.14, 106.87, 106.52, 105.65, 105.37, 104.92 and 104.44. Here, the situation is in equilibrium. The continuation of the movement to the top is expected after the breakdown of the level of 106.52. In this case, the target is 106.87. Price consolidation is near this level. The passage at the price of the noise range 106.87 - 107.14 should be accompanied by a pronounced upward movement. Here, the potential target is 107.88. Consolidation is near this level.

Short-term downward movement is possibly in the range of 105.65 - 105.37. The breakdown of the latter value will lead to the development of a downward structure. In this case, the first goal is 104.92. For the potential value for the bottom, we consider the level of 104.44. Consolidation is near this level.

The main trend: the equilibrium state.

Trading recommendations:

Buy: 106.52 Take profit: 106.85

Buy : 107.15 Take profit: 107.88

Sell: 105.35 Take profit: 104.94

Sell: 104.90 Take profit: 104.46

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3456, 1.3421, 1.3406, 1.3379, 1.3344, 1.3328 and 1.3299. Here, we are following the development of the upward cycle of August 27. The continuation of the development of the upward trend is expected after the breakdown of the level of 1.3379. In this case, the target is 1.3406. Price consolidation is in the range of 1.3406 - 1.3421. For the potential value for the top, we consider the level of 1.3456. Upon reaching this level, we expect a pullback to the bottom.

Consolidated movement is possibly in the range of 1.3344 - 1.3328. The breakdown of the last value will lead to a long correction. Here, the target is 1.3299. This level is a key support for the ascending structure.

The main trend is the rising structure of August 27.

Trading recommendations:

Buy: 1.3380 Take profit: 1.3404

Buy : 1.3422 Take profit: 1.3455

Sell: 1.3326 Take profit: 1.3300

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6821, 0.6791, 0.6781, 0.6768, 0.6751, 0.6742 and 0.6725. Here, the price forms a pronounced upward structure from September 3. The continuation of the movement to the top is expected after the breakdown of the level of 0.6768. In this case, the target is 0.6781. Short-term upward movement is in the range of 0.6781 - 0.6791. The breakdown of the level of 0.6791 should be accompanied by a pronounced upward movement. Here, the potential target is 0.6821.

Short-term downward movement is possibly in the range of 0.6751 - 0.6742. The breakdown of the last value will lead to a long correction. Here, the potential target is 0.6725. This level is a key support for the top.

The main trend is the formation of the ascending structure of September 3.

Trading recommendations:

Buy: 0.6768 Take profit: 0.6780

Buy: 0.6792 Take profit: 0.6820

Sell : 0.6750 Take profit : 0.6742

Sell: 0.6740 Take profit: 0.6730

For the euro / yen pair, the key levels on the H1 scale are: 117.00, 116.79, 116.44, 116.19, 115.81, 115.59, 115.15 and 114.78. Here, we continue to monitor the development of the descending structure of August 26. The continuation of the movement to the bottom is expected after the price passes the noise range 115.81 - 115.59. In this case, the target is 115.15. Price consolidation is near this value and from here, a rollback to correction is also possible. For the potential value for the top, we consider the level of 114.78. Upon reaching which, we expect a pullback to the top.

Short-term upward movement is expected in the range of 116.19 - 116.44. The breakdown of the last value will lead to an in-depth correction. Here, the target is 116.79. The range of 116.79 - 117.00 is the key support for the bottom.

The main trend is the downward cycle of August 26.

Trading recommendations:

Buy: 116.19 Take profit: 116.43

Buy: 116.45 Take profit: 116.79

Sell: 115.81 Take profit: 115.60

Sell: 115.57 Take profit: 115.15

For the pound / yen pair, the key levels on the H1 scale are : 129.26, 128.70, 128.12, 126.48, 125.86, 124.95 and 124.50. Here, we determined the subsequent targets for the downward movement from the descending structure on August 23. Short-term downward movement is expected in the range of 126.48 - 125.86. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 124.95. Price consolidation is in the range of 124.95 - 124.50 and from here, we expect a key reversal to the top.

Short-term upward movement is possibly in the range of 128.12 - 128.70. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 129.26. This level is a key support for the downward structure.

The main trend is the descending structure of August 23.

Trading recommendations:

Buy: 128.12 Take profit: 128.70

Buy: 128.72 Take profit: 129.26

Sell: 126.48 Take profit: 125.87

Sell: 125.83 Take profit: 124.95