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FX.co ★ Fractal analysis for major currency pairs as of September 27

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Forex Analysis:::2019-09-27T12:45:33

Fractal analysis for major currency pairs as of September 27

Hello, dear colleagues.

For the Euro/Dollar pair, we expect the continuation of the downward movement after the breakdown of 1.0910 and the level of 1.0966 is the key support. For the Pound/Dollar pair, we expect the continuation of the downward movement after the breakdown of 1.2286. For the Dollar/Franc pair, the development of the upward structure from September 24 is expected after the breakdown of 0.9954 and the level of 0.9908 is the key support. For the Dollar/Yen pair, we expect the continuation of the upward movement after the breakdown of 108.25 and the level of 107.77 is the key support. For the Euro/Yen pair, we are following the downward structure from September 18 and the continuation of the downward movement is expected after the passage of the range of 117.73 – 117.51 and the level of 118.28 is the key support. For the Pound/Yen pair, the development of the downward structure from September 20 is expected after the breakdown of 132.40.

Forecast for September 27:

Analytical review of currency pairs on the H1 scale:

Fractal analysis for major currency pairs as of September 27

For the Euro/Dollar pair, the key levels in the H1 scale are 1.1052, 1.1024, 1.0991, 1.0966, 1.0911, 1.0880, and 1.0839. We continue to follow the development of the downward structure of September 13th. The short-term downward movement is expected in the range of 1.0911 – 1.0880 and the breakdown of the last value will lead to a movement to a potential target of 1.0839, upon reaching this level, we expect a pullback to the top.

The short-term upward movement is expected in the area of 1.0966 – 1.0991 and the breakdown of the last value will lead to an in-depth correction. The target is 1.1024 and this level is the key support for the bottom. Its breakdown will allow you to count on movement to a potential target of 1.1052, the level of expected initial conditions for the top.

The main trend is the downward structure of September 13th.

Trading recommendations:

Buy: 1.0966 Take profit: 1.0990

Buy 1.0993 Take profit: 1.1024

Sell: 1.0910 Take profit: 1.0882

Sell: 1.0878 Take profit: 1.0840

Fractal analysis for major currency pairs as of September 27

For the Pound/Dollar pair, the key levels in the H1 scale are 1.2448, 1.2395, 1.2362, 1.2362, 1.2286, 1.2258, and 1.2203. We follow the development of the downward structure of September 20. The short-term downward movement is expected in the range of 1.2286 – 1.2258 and the breakdown of the last value will lead to a movement to a potential target of 1.2203, upon reaching this level, we expect a pullback to the top.

The short-term upward movement is expected in the range of 1.2362 – 1.2395 and the breakdown of the latter value will lead to an in-depth correction. The target is 1.2448 and this level is the key support for the downward structure.

The main trend is the downward structure of September 20.

Trading recommendations:

Buy: 1.2362 Take profit: 1.2395

Buy: 1.2397 Take profit: 1.2446

Sell: 1.2286 Take profit: 1.2260

Sell: 1.2256 Take profit: 1.2204

Fractal analysis for major currency pairs as of September 27

For the Dollar/Franc pair, the key levels in the H1 scale are 1.0054, 1.0037, 1.0007, 0.9985, 0.9954, 0.9923, 0.9908, and 0.9883. The price issued the expressed initial conditions for the upward cycle of September 24. The continuation of the upward movement is expected after the breakdown of 0.9954. In this case, the target – 0.9985 and in the area of 0.9985 – 1.0007 is the short-term upward movement and consolidation. The potential value for the top is the level of 1.0037, upon reaching which, we expect a consolidated movement in the area of 1.0037 – 1.0054.

A short-term downward movement is possible in the area of 0.9923 – 0.9908 and the breakdown of the last value will lead to an in-depth correction. The target is 0.9885 and this level is the key support for the upward potential of September 24.

The main trend is the initial conditions for the top of September 24.

Trading recommendations:

Buy: 0.9955 Take profit: 0.9985

Buy: 0.9987 Take profit: 1.0005

Sell: 0.9923 Take profit: 0.9909

Sell: 0.9906 Take profit: 0.9885

Fractal analysis for major currency pairs as of September 27

For the Dollar/Yen pair, the key levels in the H1 scale are 109.51, 108.84, 108.59, 108.24, 107.94, 107.77, 107.52, 107.39, 107.18, and 106.95. We follow the development of the upward structure from September 24. The continuation of the upward movement is expected after the breakdown of 108.24. In this case, the target is 108.59 and in the area of 108.59 – 108.84 is the short-term upward movement and consolidation. We consider the level of 109.15 as a potential value for the top, upon reaching this level, we expect a rollback to the bottom.

The short-term downward movement is expected in the area of 107.94 – 107.77 and the breakdown of the last value will lead to an in-depth correction. The target is 107.52 and the range of 107.52 – 107.39 is the key support for the top. Its passage in price will lead to the formation of a downward structure. In this case, the potential target is 107.18.

The main trend is the upward structure from September 24.

Trading recommendations:

Buy: 108.25 Take profit: 108.56

Buy: 108.60 Take profit: 108.80

Sell: 107.94 Take profit: 107.78

Sell: 107.75 Take profit: 107.52

Fractal analysis for major currency pairs as of September 27

For the Canadian dollar/Dollar pair, the key levels in the H1 scale are 1.3379, 1.3343, 1.3326, 1.3297, 1.3260, 1.3235, 1.3198, and 1.3172. The situation is in equilibrium. The continuation of the upward movement is expected after the breakdown of 1.3297. The target is 1.3326 and in the area of 1.3326 – 1.3343 is the consolidation. We consider the level of 1.3379 as a potential value for the top, upon reaching this level, we expect a pullback to the bottom.

The short-term downward movement, as well as consolidation, are possible in the area of 1.3260 – 1.3235 and the breakdown of the last value will lead to an in-depth correction. The target is 1.3198 and this level is the key support for the top. Its breakdown will have a downward structure. In this case, the potential target is 1.3172.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 1.3299 Take profit: 1.3226

Buy: 1.3344 Take profit: 1.3378

Sell: 1.3233 Take profit: 1.3200

Sell: 1.3197 Take profit: 1.3173

Fractal analysis for major currency pairs as of September 27

The Australian dollar/Dollar pair, the key levels in the H1 scale are 0.6822, 0.6797, 0.6782, 0.6745, 0.6732, 0.6705, and 0.6683. We follow the development of the downward cycle of September 13. The short-term downward movement is possible in the range of 0.6745 – 0.6732 and the breakdown of the last value should be accompanied by a pronounced downward movement. The target is 0.6705 and consolidation is near this value. We consider the level of 0.6683 as a potential value for the bottom, upon reaching which, we expect a departure in the correction.

The main trend is the downward cycle of September 13th.

Trading recommendations:

Buy: 0.6782 Take profit: 0.6795

Buy: 0.6797 Take profit: 0.6820

Sell: 0.6745 Take profit: 0.6734

Sell: 0.6730 Take profit: 0.6707

Fractal analysis for major currency pairs as of September 27

For the Euro/Yen pair, the key levels in the H1 scale are 119.02, 118.57, 118.28, 117.73, 117.51, 117.10, and 116.73. We follow the development of the downward structure of September 18. We expect the continuation of the downward movement after the price passes the range of 117.73 – 117.51. In this case, the target is 117.10. We consider the level of 116.73 as a potential value for the bottom, upon reaching this value, we expect a rollback to the top.

The short-term upward movement is possible in the range of 118.28 – 118.57 and the breakdown of the last value will lead to an in-depth movement. The target is 119.02 and this level is the key support for the downward structure.

The main trend is the downward structure of September 18th.

Trading recommendations:

Buy: 118.28 Take profit: 118.55

Buy: 118.60 Take profit: 119.00

Sell: 117.50 Take profit: 117.10

Sell: 117.08 Take profit: 116.73

Fractal analysis for major currency pairs as of September 27

For the Pound/Yen pair, the key levels in the H1 scale are 135.81, 134.58, 134.03, 133.06, 132.42, 131.45, 130.78, and 129.88. We follow the development of the downward structure of September 20. The short-term downward movement is expected in the range of 133.06 – 132.42 and the breakdown of the last value should be accompanied by a pronounced downward movement. In this case, the target is 131.45 and in the area of 131.45 – 130.78 is the consolidation. We consider the level of 129.88 as a potential value for the downward movement, upon reaching this level, we expect a rollback to the top.

The short-term upward movement is possible in the area of 134.03 – 134.58 and the breakdown of the last value will have to form an upward structure. In this case, the potential target – 135.81.

The main trend is the formation of a downward structure from September 20.

Trading recommendations:

Buy: 134.03 Take profit: 134.55

Buy: 134.60 Take profit: 135.80

Sell: 132.40 Take profit: 131.45

Sell: 131.43 Take profit: 130.80

Analyst InstaForex
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