21.02.201908:30 Forex Analysis & Reviews: Fractal analysis of major currency pairs for February 21

Dear colleagues.

For the currency pair Euro / Dollar, we are following the development of the ascending structure from February 15 and we expect the continuation of the upward movement after the breakdown of 1.1360. For the currency pair Pound / Dollar, we should continue moving upwards after the breakdown of 1.3075 and the level of 1.2999 is the key support. For the currency pair Dollar / Franc, we are following the development of the downward structure from February 13 and we consider the movement upwards as a correction. For the currency pair Dollar / Yen, we expect the continuation of the upward movement and we expect the design of a local structure. For the currency pair Euro / Yen, we are following the development of the upward structure from February 15 and we expect the continuation of the movement after the breakdown of 125.85. For the currency pair Pound / Yen, we expect the move to the level of 145.25 and the potential value for the top is considered the level of 146.44.

Forecast for February 21:

Analytical review of H1-scale currency pairs:

For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1423, 1.1406, 1.1379, 1.1360, 1.1333, 1.1319, 1.1298 and 1.1287. We continue to follow the development of the ascending structure of February 15. The short-term upward movement is expected in the area of 1.1360 - 1.1379 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 1.1406. The potential value for the top is considered the level of 1.1423, upon reaching which we expect a rollback to the correction.

The short-term downward movement is possible in the area of 1.1333 - 1.1319 and the breakdown of the latter value will lead to an in-depth correction. The target is 1.1298 and the range of 1.1298 - 1.1287 is the key support for the upward structure.

The main trend is the ascending structure of February 15.

Trading recommendations:

Buy 1.1360 Take profit: 1.1377

Buy 1.1380 Take profit: 1.1406

Sell: 1.1333 Take profit: 1.1321

Sell: 1.1317 Take profit: 1.1298

For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3219, 1.3153, 1.3119, 1.3075, 1.3026, 1.2999 and 1.2954. We are following the development of the ascending cycle of February 14. An upward movement is expected after the breakdown at 1.3075. In this case, the goal is 1.3119 and in the area of 1.3119 - 1.3153 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 1.3219, the movement to which is expected after the breakdown of 1.3155.

The short-term downward movement is expected in the area of 1.3026 - 1.2999 and the breakdown of the latter value will lead to a prolonged correction. The target is 1.2954.

The main trend is the upward cycle of February 14.

Trading recommendations:

Buy: 1.3075 Take profit: 1.3119

Buy: 1.3120 Take profit: 1.3151

Sell: 1.3026 Take profit: 1.3000

Sell: 1.2997 Take profit: 1.2955

For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0055, 1.0033, 1.0022, 1.0001, 0.9987, 0.9967, 0.9956 and 0.9931. We continue to monitor the downward structure of February 13. The short-term downward movement is expected in the area of 1.0001 - 0.9987. The breakdown of the latter value should be accompanied by a pronounced downward movement to the level of 0.9967 and in the area of 0.9967 - 0.9956 is the consolidation. The potential value for the bottom is considered the level of 0.9931, upon reaching which we expect a rollback to the top.

The short-term upward movement is expected in the area of 1.0022 - 1.0033 and the breakdown of the last value will lead to a prolonged correction. The target is 1.0055 and this level is the key support.

The main trend is the downward cycle of February 13.

Trading recommendations:

Buy: 1.0022 Take profit: 1.0033

Buy: 1.0035 Take profit: 1.0050

Sell: 1.0000 Take profit: 0.9989

Sell: 0.9985 Take profit: 0.9969

For the currency pair Dollar / Yen, the key levels on the scale of H1 are 111.74, 111.32, 111.08, 110.84, 110.42, 110.25 and 109.97. The price is in deep correction from the rising structure on January 31. An upward movement is expected after the breakdown of 110.84. In this case, the first target is 111.08. The short-term upward movement is possible in the area of 111.08 - 111.32 and the breakdown of the latter value will lead to a movement to the potential target of 111.74, upon reaching which we expect a rollback downwards.

The range of 110.42 - 110.25 is the key support for the top. Its price passage will have to form a downward structure. In this case, the potential target is 109.97.

The main trend is the rising structure of January 31, a deep correction.

Trading recommendations:

Buy: 110.84 Take profit: 111.08

Buy: 111.10 Take profit: 111.30

Sell: Take profit:

Sell: 110.25 Take profit: 110.00

For the currency pair Canadian dollar / Dollar, the key levels on the H1 scale are 1.3249, 1.3214, 1.3193, 1.3134, 1.3104 and 1.3065. We are following the downward structure of February 14. The short-term downward movement is expected in the area of 1.3134 - 1.3104 and the breakdown of the latter value will lead to a movement to the potential target of 1.3065, upon reaching this level, we expect a rollback to the top.

The short-term upward movement is possible in the area of 1.3193 - 1.3214 and the breakdown of the last value will lead to a prolonged correction. The target is 1.3249 and this level is the key support for the downward structure.

The main trend is the downward structure of February 14.

Trading recommendations:

Buy: 1.3193 Take profit: 1.3214

Buy: 1.3216 Take profit: 1.3247

Sell: 1.3134 Take profit: 1.3106

Sell: 1.3102 Take profit: 1.3267

For the currency pair Australian dollar / dollar, the key levels on the H1 scale are 0.7249, 0.7219, 0.7197, 0.7168, 0.7132, 0.7113 and 0.7093. We are following the development of the ascending cycle of February 11. An upward movement is expected after the breakdown of 0.7168. In this case, the target is 0.7197 and in the area of 0.7197 - 0.7291 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 0.7249, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the area of 0.7132 - 0.7113 and the breakdown of the latter value will lead to an in-depth correction. The target is 0.7093 and this level is the key support for the upward structure.

The main trend is the upward cycle of February 11.

Trading recommendations:

Buy: 0.7168 Take profit: 0.7197

Buy: 0.7199 Take profit: 0.7219

Sell: 0.7132 Take profit: 0.7115

Sell: 0.7111 Take profit: 0.7095

For the currency pair Euro / Yen, the key levels on the H1 scale are 126.65, 126.46, 126.08, 125.85, 125.51, 125.34, 125.09 and 124.69. We are following the development of the upward cycle of February 15. At the moment, the price is in the correction. The short-term upward movement is expected in the area of 125.85 - 126.08 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 126.46. The potential value for the top is considered the level of 126.65, after reaching which we expect a rollback downwards.

The consolidated movement is expected in the area of 125.51 - 125.34 and the breakdown of the last value will lead to a deep correction. The target is 125.09 and this level is the key support for the top.

The main trend is the ascending structure of February 15, the stage of correction.

Trading recommendations:

Buy: 125.85 Take profit: 126.06

Buy: 126.10 Take profit: 126.44

Sell: 125.50 Take profit: 125.35

Sell: 125.33 Take profit: 125.10

For the currency pair Pound / Yen, the key levels on the H1 scale are 146.44, 145.62, 145.25, 144.13, 143.77 and 143.20. We are following the development of the ascending cycle of February 15. The short-term upward movement is expected in the area of 145.25 - 145.62 and the breakdown of the last value will allow expecting a movement towards a potential target of 146.44, after reaching which we expect a rollback to the correction.

The short-term downward movement is possible in the area of 144.13 - 143.77 and the breakdown of the latter value will lead to an in-depth correction. The target is 143.20 and this level is the key support for the top.

The main trend is the upward cycle of February 15.

Trading recommendations:

Buy: 145.25 Take profit: 145.60

Buy: 145.70 Take profit: 146.40

Sell: 144.13 Take profit: 143.77

Sell: 143.72 Take profit: 143.20