14.12.201808:08 Forex Analysis & Reviews: Fractal analysis of major currency pairs for December 14

Dear colleagues.

For the Euro / Dollar currency pair, we mainly expect the development of the downward structure of December 10, which should occur after the breakdown of 1.1310. For the Pound / Dollar currency pair, the price has designed a pronounced structure for the development of the upward movement of December 11 and the development of this structure is expected after the breakdown of 1.2680. For the currency pair Dollar / Franc, we consider the ascending structure of December 11 as the main one. For the currency pair Dollar / Yen, we have expanded the potential for the upward cycle from December 10 to the level of 114.83. For the Euro / Yen currency pair, we follow the formation of the upward structure of December 6 and the development of which as a cycle is expected after the breakdown of 129.34. For the Pound / Yen currency pair, the development of the upward structure of December 11 is expected after the breakdown of 114.18.

Forecast for December 14:

Analytical review of H1-scale currency pairs:

For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1442, 1.1406, 1.1383, 1.1310, 1.1279, 1.1253 and 1.1220. Here, we are following the descending structure of December 10. At the moment, the price is in a deep correction. A downward movement is expected after the breakdown of 1.1310. In this case, the target is 1.1279 and the breakdown of which should be accompanied by a short-term downward movement in the range of 1.1279 - 1.1253. The potential value for the bottom is considered the level of 1.1220, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.1383 - 1.1406 and the breakdown of the latter value will have to form an upward structure. In this case, the first potential target is 1.1442.

The main trend is the downward structure of December 10, the stage of deep correction.

Trading recommendations:

Buy 1.1385 Take profit: 1.1404

Buy 1.1408 Take profit: 1.1440

Sell: 1.1310 Take profit: 1.1282

Sell: 1.1277 Take profit: 1.1255

For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.2865, 1.2813, 1.2741, 1.2679, 1.2592, 1.2552, 1.2517, 1.2475 and 1.2417. Here, the price has issued a pronounced potential for the top of December 11. An upward movement is expected after the breakdown of 1.2679. In this case, the target is 1.2741 and price consolidation is near this level. The breakdown of the level of 1.2741 should be accompanied by a pronounced upward movement. Here, the target is 1.2813. The potential value for the top is considered the level of 1.2865, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is possible in the range of 1.2592 - 1.2552 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2517 and this level is the key support for the top. Its price will have to form the initial conditions for the upward cycle. In this case, the target is 1.2475.

The main trend is the formation of the ascending structure of December 11.

Trading recommendations:

Buy: 1.2680 Take profit: 1.2740

Buy: 1.2744 Take profit: 1.2813

Sell: 1.2591 Take profit: 1.2552

Sell: 1.2550 Take profit: 1.2517

For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0042, 1.0014, 0.9995, 0.9966, 0.9954, 0.9919, 0.9900, 0.9889 and 0.9863. Here, we are following the formation of the upward structure from December 11 and the development of which is expected after the price passes the range of 0.9954 - 0.9966. In this case, the target is 0.9995 and in the range of 0.9995 - 1.0014 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 1.0042, upon reaching which we expect a rollback downwards.

Exit to correction is expected after the breakdown of 0.9919. In this case, the target is 0.9900 and the range of 0.9900 - 0.9889 is the key support for the top. Its price passage will have to develop a downward structure. In this case, the potential target is 0.9863.

The main trend is the ascending structure of December 11.

Trading recommendations:

Buy: 0.9966 Take profit: 0.9995

Buy: 0.9997 Take profit: 1.0014

Sell: 0.9917 Take profit: 0.9900

Sell: 0.9889 Take profit: 0.9865

For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 114.83, 114.45, 114.13, 113.72, 113.30, 113.07 and 112.76. Here, we are following the development of the bottom-up structure from December 10th. An upward movement is expected after the breakdown of 113.72. Here, the target is 114.13 and in the range of 114.13 - 114.45 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 114.83, after reaching which we expect a consolidated movement, as well as a rollback to the correction.

The short-term downward movement is possible in the range of 113.30 - 113.07 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 112.76 and this level is the key support for the top.

The main trend is the rising structure of December 10.

Trading recommendations:

Buy: 113.72 Take profit: 114.10

Buy: 114.14 Take profit: 114.42

Sell: 113.30 Take profit: 113.10

Sell: 113.04 Take profit: 112.80

For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3557, 1.3521, 1.3465, 1.3429, 1.3344, 1.3311 and 1.3247. Here, the price forms the local potential for the top of December 7th. The short-term upward movement is possible in the range of 1.3429 - 1.3465 and the breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 1.3521. The potential value for the top is considered the level of 1.3557, upon reaching which we expect consolidation, as well as a rollback to the top.

The range of 1.3344 - 1.3311 is the key support for the upward structure of December 7. Its price passage will have a downward movement development. In this case, the target is 1.3247 and this level is the key resistance for the bottom.

The main trend is the local structure for the top of December 7, the stage of deep correction.

Trading recommendations:

Buy: 1.3430 Take profit: 1.3465

Buy: 1.3467 Take profit: 1.3520

Sell: 1.3343 Take profit: 1.3113

Sell: 1.3308 Take profit: 1.3255

For the Australian dollar / dollar currency pair, the key levels on the H1 scale are: 0.7290, 0.7257, 0.7237, 0.7196, 0.7166, 0.7127 and 0.7100. Here, we are following the development of the downward structure of December 4th. The short-term downward movement is possible in the range of 0.7196 - 0.7166 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 0.7127. The potential value for the bottom is considered to be the level of 0.7100, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term uptrend is possible in the range of 0.7237 - 0.7257 and the breakdown of the latter value will lead to a deep correction. Here, the target is 0.7290 and this level is the key support for the downward structure of December 4.

The main trend is the downward structure of December 4.

Trading recommendations:

Buy: 0.7237 Take profit: 0.7255

Buy: 0.7258 Take profit: 0.7290

Sell: 0.7196 Take profit: 0.7166

Sell: 0.7164 Take profit: 0.7130

For the Euro / Yen currency pair, the key levels on the H1 scale are: 130.13, 129.82, 129.34, 128.95, 128.36, 128.09, 127.68 and 127.43. Here, we follow the formation of the ascending structure of December 6. The short-term upward movement is expected in the range of 128.95 - 129.34 and the breakdown of the latter value will lead to the development of a pronounced movement. In this case, the goal is 129.82. The potential value for the top is considered the level of 130.13, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is possible in the range of 128.36 - 128.09, hence a high probability of a reversal upwards. The breakdown of the level of 128.09 will have to form a local structure for the downward movement. In this case, the goal is 127.68 and the range of 127.68 - 127.43.

The main trend is the formation of the ascending structure of December 6.

Trading recommendations:

Buy: 128.95 Take profit: 129.30

Buy: 129.37 Take profit: 129.80

Sell: 128.34 Take profit: 128.12

Sell: 128.05 Take profit: 127.70

For the Pound / Yen currency pair, the key levels on the H1 scale are: 144.18, 143.91, 143.54, 142.70, 142.42, 141.91 and 141.46. Here, the price has issued a pronounced potential for the top of December 11. The continuation of the upward trend is expected after the breakdown of 143.54. In this case, the goal is 143.91 and consolidation is near this level. Passing through the range of 143.91 - 144.18 will make it possible to count on the movement towards a potential target of 144.95, from this level, we expect a downward rollback.

The short-term downward movement is possible in the range of 142.70 - 142.42 and the breakdown of the last value to the prolonged correction. Here, the target is 141.91 and this level is the key support for the upward structure.

The main trend is the formation of potential for the top of December 11.

Trading recommendations:

Buy: 143.55 Take profit: 143.90

Buy: 144.20 Take profit: 144.90

Sell: 142.70 Take profit: 142.45

Sell: 142.38 Take profit: 142.00