21.03.201908:11 Forex Analysis & Reviews: Fractal analysis of major currency pairs on March 21

Dear colleagues.

For the currency pair Euro / Dollar, the price is near the limit values, and therefore we expect a departure in the correction. For the currency pair Pound / Dollar, the price is in equilibrium and the upward movement is possible after the breakdown of 1.3311. For the currency pair Dollar / Franc, the price is near the limit values, and therefore expect a rollback in the correction. For the currency pair Dollar / Yen, we are following the downward structure of March 15 and we expect to continue downwards after the breakdown of 110.53. For the currency pair Euro / Yen, we follow the development of the upward cycle of March 8 and an impulsive movement is expected after the breakdown of 126.90. For the currency pair Pound / Yen, the price is near the key support for the upward structure of March 11 (145.76) and the resumption of the movement upwards is possible after the breakdown of 147.75.

Forecast for March 21:

Analytical review of H1-scale currency pairs:

For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1488, 1.1460, 1.1442, 1.1404, 1.1380 and 1.1343. We continue to follow the development of the upward structure of March 7. At the moment, the price is near the limit values and we expect to go into a correction. The short-term upward movement is possible in the area of 1.1442 - 1.1460 and the breakdown of the last value will be accompanied by an unstable upward movement. The potential target is 1.1488.

The short-term downward movement is possible in the area of 1.1404 - 1.1380 and the breakdown of the latter value will lead to an in-depth movement. The target is 1.1343 and this level is the key support for the upward structure.

The main trend is the rising structure of March 7, the price is near the limit values.

Trading recommendations:

Buy 1.1442 Take profit: 1.1455

Buy Take profit:

Sell: 1.1404 Take profit: 1.1382

Sell: 1.1398 Take profit: 1.1350

For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3587, 1.3509, 1.3462, 1.3387, 1.3311, 1.3214, 1.3144 and 1.3036. The price entered the equilibrium state. The resumption of the upward movement is possible after the breakdown of 1.3311. The first target is 1.3387. The breakdown of which will lead to the movement to the level of 1.3462 and in the area of 1.3462 - 1.3509 is the short-term upward movement. The potential value for the top is considered the level of 1.3587, upon reaching which we expect a rollback downwards.

The consolidated movement is expected in the range of 1.3214 - 1.3144 and the breakdown of the latter value will begin the development of the downward structure. The first potential target is 1.3036.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 1.3311 Take profit: 1.3385

Buy: 1.3388 Take profit: 1.3460

Sell: 1.3144 Take profit: 1.3038

Sell: 1.3034 Take profit: 1.2960

For the currency pair Dollar / Franc, the key levels on the H1 scale are 0.9974, 0.9948, 0.9928, 0.9906, 0.9893 and 0.9866. We are following the development of the downward cycle of March 7. At the moment, the price is near the limit values, and therefore we expect to go into a correction. The short-term downward movement is possible in the range of 0.9906 - 0.9893 and the breakdown of the latter value should be accompanied by an unstable downward movement. The target is 0.9866 and we expect a rollback to the top from this level.

The short-term upward movement is possible in the area of 0.9928 - 0.9948 and the breakdown of the last value will lead to a deep correction. The target is 0.9974 and this level is the key support for the downward cycle.

The main trend is the downward cycle of March 7, the price is near the limit values.

Trading recommendations:

Buy: 0.9928 Take profit: 0.9946

Buy: 0.9950 Take profit: 0.9974

Sell: Take profit:

Sell: Take profit:

For the currency pair Dollar / Yen, the key levels on the scale of H1 are 111.27, 111.18, 110.96, 110.82, 110.53, 110.29 and 110.10. We are following the development of the downward structure of March 15. The continuation of the downward movement is expected after the breakdown of 110.53. The target is 110.29, and consolidation is near this level. The potential value for the bottom is now considered the level of 110.10, from which we expect a rollback to the top.

The short-term upward movement is possible in the area of 110.82 - 110.96 and the breakdown of the last value will lead to a prolonged correction. The target is 111.18 and the range of 111.18 - 111.2. Before it, we expect the initial conditions for the upward cycle.

The main trend is the downward structure of March 15.

Trading recommendations:

Buy: 110.82 Take profit: 110.95

Buy: 110.98 Take profit: 111.18

Sell: 110.53 Take profit: 110.33

Sell: 110.28 Take profit: 110.10

For the currency pair Canadian Dollar / Dollar, the key levels on the H1 scale are 1.3400, 1.3367, 1.3335, 1.3306, 1.3244, 1.3204, 1.3162 and 1.3131. We determined the subsequent targets for the bottom from the local descending structure on March 18. The continuation of the downward movement is expected after the breakdown of 1.3244. The target is 1.3204 and the breakdown of which, in turn, will lead to a movement to the level of 1.3162. The potential value for the downward trend is the level of 1.3131, after reaching which we expect a consolidated movement in the area of 1.3162 - 1.3131.

The short-term upward movement is expected in the area of 1.3306 - 1.3335 and the breakdown of the latter value will have to form an upward structure. In this case, the first target is 1.3367. The potential value for the top is the level of 1.3400.

The main trend is the formation of a local structure for the downward movement of March 18.

Trading recommendations:

Buy: 1.3306 Take profit: 1.3333

Buy: 1.3336 Take profit: 1.3367

Sell: 1.3244 Take profit: 1.3205

Sell: 1.3202 Take profit: 1.3266

For the currency pair Australian Dollar / Dollar, the key levels on the H1 scale are 0.7248, 0.7223, 0.7186, 0.7173, 0.7143, 0.7126 and 0.7102. We determined the subsequent targets for the top from the local ascending structure on March 20. The movement upwards is expected after the price passes the range of 0.7173 - 0.7186. In this case, the target is 0.7223. The potential value for the top is considered to be the level of 0.7248, after reaching which we expect consolidation.

The short-term downward movement is possible in the area of 0.7143 - 0.7126 and the breakdown of the latter value will lead to a prolonged correction. The target is 0.7102 and this level is the key support for the upward structure of March 20.

The main trend is the local structure for the top of March 20.

Trading recommendations:

Buy: 0.7186 Take profit: 0.7220

Buy: 0.7225 Take profit: 0.7248

Sell: 0.7143 Take profit: 0.7127

Sell: 0.7124 Take profit: 0.7105

For the currency pair, Euro / Yen the key levels on the H1 scale are 127.84, 127.28, 126.90, 126.68, 126.11, 125.86 and 125.40. We continue to follow the development of the ascending structure of March 8. The short-term upward movement is expected in the area of 126.68 - 126.90. The breakdown of the latter value will lead to the movement to the level of 127.28, near this level, we expect consolidation. The potential value for the top is considered the level of 127.84, after reaching this level, we expect a departure to a correction.

The short-term downward movement is possible in the area of 126.11 - 125.86 and the breakdown of the last value will lead to a prolonged correction. The goal is 125.40 and this level is the key support for the top.

The main trend is the ascending structure of March 8.

Trading recommendations:

Buy: 126.68 Take profit: 126.90

Buy: 126.95 Take profit: 127.25

Sell: 126.11 Take profit: 125.88

Sell: 125.82 Take profit: 125.44

For the currency pair Pound / Yen, the key levels on the H1 scale are 150.84, 150.25, 149.26, 148.68, 147.74, 145.76, 144.73 and 143.72. The price is close to the cancellation of the ascending structure of March 11, for which a breakdown of the level of 145.76 is necessary. In this case, the first target is 144.73, and the potential value for the bottom is considered the level of 143.72. The resumption of the upward trend is possible after the breakdown of 147.74. In this case, the first target is 148.68. We expect a short-term upward movement in the area of 148.68 - 149.26 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 150.25. The potential value for the top is considered the level of 150.84, upon reaching which we expect a rollback downwards.

The main trend is the rising structure of March 11, the price is near the key support.

Trading recommendations:

Buy: 147.75 Take profit: 148.68

Buy: 148.70 Take profit: 149.25

Sell: 145.74 Take profit: 144.80

Sell: 144.65 Take profit: 143.80