20.09.201902:46 Forex Analysis & Reviews: Fractal analysis of the main currency pairs for September 20

Forecast for September 20:

Analytical review of currency pairs on the scale of H1:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1227, 1.1188, 1.1135, 1.1114, 1.1019, 1.0987 and 1.0932. Here, we continue to monitor the ascending structure of September 12. The continuation of the movement to the top is expected after the breakdown of the level of 1.1080. In this case, the first goal is 1.1114. The passage at the price of the noise range 1.1114 - 1.1135 should be accompanied by a pronounced upward movement. Here, the goal is 1.1188. For the potential value for the top, we consider the level of 1.1227. Upon reaching this value, we expect a pullback to the bottom.

Short-term downward movement is expected in the range of 1.1019 - 1.0987. The breakdown of the latter value will lead to the development of a downward trend. In this case, the first potential target is 1.0932.

The main trend is the local structure for the top of September 12.

Trading recommendations:

Buy: 1.1080 Take profit: 1.1114

Buy 1.1135 Take profit: 1.1188

Sell: 1.1019 Take profit: 1.0990

Sell: 1.0985 Take profit: 1.0935

For the pound / dollar pair, the key levels on the H1 scale are: 1.2738, 1.2673, 1.2622, 1.2549, 1.2460, 1.2403, 1.2338 and 1.2281. Here, we continue to monitor the local ascendant structure from September 12. The continuation of the movement to the top is expected after the breakdown of the level of 1.2549. In this case, the target is 1.2622. Price consolidation is in the range of 1.2622 - 1.2673. For the potential value for the top, we consider the level of 1.2738. Upon reaching which, we expect a pullback to the bottom.

We expect consolidated movement in the range 1.2460 - 1.2403. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.2338. This level is a key support for the top. Its passage at the price will lead to the development of a downward structure. In this case, the first goal is 1.2281.

The main trend is the local ascending structure of September 12.

Trading recommendations:

Buy: 1.2550 Take profit: 1.2620

Buy: 1.2674 Take profit: 1.2736

Sell: 1.2401 Take profit: 1.2340

Sell: 1.2336 Take profit: 1.2282

For the dollar / franc pair, the key levels on the H1 scale are: 1.0070, 1.0027, 1.0004, 0.9970, 0.9927 and 0.9904. Here, the price is close to the cancellation of the upward structure from September 13, which requires another breakdown of the level of 0.9904. Short-term downward movement, as well as consolidation is expected is in the range of 0.9927 - 0.9904. The continuation of the movement to the top is expected after the breakdown of the level of 0.9970. In this case, the target is 1.0004. Short-term upward movement, as well as consolidation is in the range of 1.0004 - 1.0027. For the potential value for the top, we consider the level of 1.0070. Upon reaching which, we expect a pullback to the bottom.

The main trend is the formation of potential for the top of September 13, the stage of deep correction.

Trading recommendations:

Buy : 0.9972 Take profit: 1.0004

Buy : 1.0006 Take profit: 1.0025

Sell: 0.9900 Take profit: 0.9855

For the dollar / yen pair, the key levels on the scale are : 109.58, 109.26, 108.75, 108.50, 108.03, 107.77, 107.32 and 107.12. Here, we are following the development of the ascending structure of September 3. At the moment, the price is in the correction zone. Short-term upward movement is expected in the range of 108.50 - 108.75. The breakdown of the last value will lead to a pronounced movement. Here, the target is 109.26. For the potential value for the top, we consider the level of 109.58. Upon reaching this value, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is possibly in the range 108.03 - 107.77. The breakdown of the last value will lead to an in-depth correction. Here, the target is 107.32. The range of 107.32 - 107.12 is the key support for the top, before which, we expect the expressed initial conditions for the downward cycle to be formed.

Main trend: local upward structure from September 3.

Trading recommendations:

Buy: 108.50 Take profit: 108.72

Buy : 108.77 Take profit: 109.26

Sell: 108.03 Take profit: 107.80

Sell: 107.74 Take profit: 107.45

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3379, 1.3343, 1.3326, 1.3297, 1.3260, 1.3235, 1.3198 and 1.3172. Here, we are following the development of the ascending structure of September 10. The continuation of the movement to the top is expected after the breakdown of the level of 1.3297. Here, the target is 1.3326. Price consolidation is in the range of 1.3326 - 1.3343. For the potential value for the top, we consider the level of 1.3379. Upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 1.3260 - 1.3235, The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3198, This level is a key support for the top. Its breakdown will lead to the development of a downward structure. In this case, the potential target is 1.3172.

The main trend is the ascending structure of September 10, the correction stage.

Trading recommendations:

Buy: 1.3299 Take profit: 1.3226

Buy : 1.3344 Take profit: 1.3378

Sell: 1.3260 Take profit: 1.3237

Sell: 1.3233 Take profit: 1.3200

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6852, 0.6825, 0.6807, 0.6782, 0.6767, 0.6745, 0.6732 and 0.6705. Here, we are following the development of the downward cycle of September 13. The continuation of movement to the bottom is expected after the price passes the noise range 0.6782 - 0.6767. In this case, the target is 0.6745. Price consolidation is in the range of 0.6745 - 0.6732. For the potential value for the top, we consider the level of 0.6705. Upon reaching which, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 0.6807 - 0.6825. The breakdown of the last value will lead to a long correction. Here, the potential target is 0.6852. This level is a key support for the downward structure.

The main trend is the downward cycle of September 13.

Trading recommendations:

Buy: 0.6808 Take profit: 0.6825

Buy: 0.6827 Take profit: 0.6850

Sell : 0.6767 Take profit : 0.6745

Sell: 0.6730 Take profit: 0.6705

For the euro / yen pair, the key levels on the H1 scale are: 121.95, 121.39, 120.36, 119.95, 118.99, 118.50 and 117.73. Here, we continue to monitor the ascending structure of September 12. Short-term upward movement is expected in the range of 119.95 - 120.36. The breakdown of the level of 120.36 should be accompanied by a pronounced upward movement. Here, the goal is 121.39. For the potential value for the top, we consider the level of 121.95. Upon reaching which, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range 118.99 - 118.50. The breakdown of the latter value will lead to the cancellation of the upward structure from September 12. Here, the first potential target is 117.73.

The main trend is the local structure for the top of September 12.

Trading recommendations:

Buy: 119.95 Take profit: 120.34

Buy: 120.38 Take profit: 121.35

Sell: 118.99 Take profit: 118.53

Sell: 118.46 Take profit: 117.80

For the pound / yen pair, the key levels on the H1 scale are : 137.21, 136.13, 135.37, 134.10, 133.39 and 132.23. Here, we are following the local ascending structure of September 12. Short-term upward movement is expected in the range of 135.37 - 136.13. The breakdown of the last value will lead to movement to a potential target - 137.21, when this level is reached, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 134.10 - 133.39. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 132.23. This level is a key support for the upward structure.

The main trend is the ascending structure of September 3 and the local ascending structure of September 12.

Trading recommendations:

Buy: 135.38 Take profit: 136.10

Buy: 136.15 Take profit: 137.20

Sell: 134.10 Take profit: 133.42

Sell: 133.35 Take profit: 132.30