03.10.201903:03 Forex Analysis & Reviews: Fractal analysis of the main currency pairs for October 3

Forecast for October 3:

Analytical review of currency pairs on the scale of H1:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1007, 1.0991, 1.0966, 1.0912, 1.0880, 1.0839, 1.0811 and 1.0761.Here, the price is in correction and forms a small potential for the top of October 1. The development of the ascending structure of October 1 is expected after the breakdown of the level of 1.0966. In this case, the first goal is 1.0991. Price consolidation is n the range of 1.0991 - 1.1007. We expect the design of expressed initial conditions for the upward cycle up to the level of 1.1007. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.0912. In this case, the first target is 1.0880. The breakdown of which will allow us to count on movement to the level of 1.0839. Short-term downward movement, as well as consolidation is in the range of 1.0839 - 1.0811. For the potential value for the bottom, we consider the level of 1.0761. Upon reaching this level, we expect a pullback to the top.

The main trend is the descending structure of September 13, the stage of deep correction.

Trading recommendations:

Buy: 1.0967 Take profit: 1.0990

Buy Take profit:

Sell: 1.0912 Take profit: 1.0884

Sell: 1.0880 Take profit: 1.0840

For the pound / dollar pair, the key levels on the H1 scale are: 1.2422, 1.2395, 1.2352, 1.2318, 1.2258, 1.2228, 1.2203 and 1.2156. Here, the price is in correction from the downward structure and forms a small potential for the top of October 1. Short-term upward movement is expected in the range of 1.2318 - 1.2352. The breakdown of the latter value will lead to the formation of expressed initial conditions for the upward cycle of October 1. Here, the target is 1.2395. Noise range 1.2395 - 1.2422.

Short-term downward movement is expected in the range 1.2258 - 1.2228. The breakdown of the latter value will lead to the subsequent development of a downward trend in the scale of H1. In this case, the first goal is 1.2203. For the potential value for the bottom, we consider the level of 1.2156. Upon reaching this level, we expect a pullback to the top.

The main trend is the descending structure of September 20, the correction stage.

Trading recommendations:

Buy: 1.2318 Take profit: 1.2350

Buy: 1.2353 Take profit: 1.2395

Sell: 1.2258 Take profit: 1.2230

Sell: 1.2226 Take profit: 1.2203

For the dollar / franc pair, the key levels on the H1 scale are: 1.0091, 1.0054, 1.0039, 1.0016, 0.9994, 0.9957, 0.9941, 0.9919 and 0.9895. Here, the price has formed a local structure for the subsequent development of an upward trend on the H1 scale. Short-term upward movement is expected in the range 0.9994 - 1.0016. The breakdown of the latter value will lead to a movement to the level of 1.0039. Price consolidation is near this level. The passage at the price of the noise range 1.0039 - 1.0054 should be accompanied by a pronounced upward movement. Here, the potential target is 1.0091.

Short-term downward movement is possibly in the range of 0.9957 - 0.9941. The breakdown of the last value will have the downward movement. Here, the first goal is 0.9919. As a potential value for the bottom, we consider the level of 0.9895.

The main trend is the local ascending structure of October 2.

Trading recommendations:

Buy : 0.9995 Take profit: 1.0014

Buy : 1.0017 Take profit: 1.0039

Sell: 0.9956 Take profit: 0.9941

Sell: 0.9939 Take profit: 0.9919

For the dollar / yen pair, the key levels on the scale are : 107.63, 107.44, 107.32, 107.01, 106.78 and 106.48. Here, we are following the development of the downward cycle of October 1. The continuation of movement to the bottom is expected after the breakdown of the level of 107.01. In this case, the target is 106.78. Price consolidation is near this level. For the potential value for the downward movement, we consider the level of 106.48. Upon reaching which, we expect a pullback to the top.

Short-term upward movement is expected in the range of 107.32 - 107.44. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 107.63. This level is a key support for the downward structure.

The main trend: the downward cycle of October 1.

Trading recommendations:

Buy: 107.32 Take profit: 107.43

Buy : 107.46 Take profit: 107.63

Sell: 107.00 Take profit: 106.80

Sell: 106.75 Take profit: 106.48

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3369, 1.3350, 1.3336, 1.3304, 1.3287 and 1.3254. Here, we are awaiting the formalization of the expressed initial conditions for the upward cycle of October 2. Short-term upward movement is possibly in the range 1.3336 - 1.3350. From here, we expect a key reversal in the correction. For the potential value for the top, we consider the level of 1.3369.

Short-term downward movement is possibly in the range of 1.3304 - 1.3287. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3254. This level is a key support for the top.

The main trend is the formation of the upward potential of October 2.

Trading recommendations:

Buy: 1.3336 Take profit: 1.3350

Buy : 1.3352 Take profit: 1.3369

Sell: 1.3304 Take profit: 1.3390

Sell: 1.3285 Take profit: 1.3260

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6755, 0.6730, 0.6716, 0.6673, 0.6651, 0.6637 and 0.6607. Here, we are following the local downward cycle of September 24. At the moment, the price is in the correction zone. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.6670. In this case, the target is 0.6651. Price consolidation is in the range of 0.6651 - 0.6637. For the potential value for the bottom, we consider the level of 0.6607. Upon reaching this level, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 0.6716 - 0.6730. The breakdown of the last value will lead to a long correction. Here, the potential target is 0.6755. This level is a key support for the downward structure.

The main trend is the downward cycle of September 13, the correction stage.

Trading recommendations:

Buy: 0.6716 Take profit: 0.6730

Buy: 0.6734 Take profit: 0.6755

Sell : 0.6670 Take profit : 0.6652

Sell: 0.6635 Take profit: 0.6607

For the euro / yen pair, the key levels on the H1 scale are: 118.01, 117.77, 117.61, 117.29, 117.16, 116.81 and 116.57. Here, we determined the next goals from the local descending structure on September 27. The continuation of the movement to the bottom is expected after the price passes the noise range 117.29 - 117.16. In this case, the target is 116.81. For the potential value for the bottom, we consider the level of 116.57. Upon reaching which, we expect a rollback to the correction.

Short-term upward movement is possibly in the range 117.61 - 117.77. The breakdown of the latter value will lead to in-depth movement. Here, the goal is 118.01. This level is a key support for the downward structure.

The main trend is the local descending structure of September 27.

Trading recommendations:

Buy: 117.61 Take profit: 117.75

Buy: 117.80 Take profit: 118.00

Sell: 117.14 Take profit: 116.85

Sell: 116.78 Take profit: 116.60

For the pound / yen pair, the key levels on the H1 scale are : 134.58, 133.36, 132.72, 131.45, 130.78 and 129.88. Here, we are following the development of the descending structure of September 20. Short-term movement to the bottom is expected in the range 131.45 - 130.78. The breakdown of the latter value will lead to movement to a potential target - 129.88. When this level is reached, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 132.72 - 133.36. The breakdown of the last value will lead to a long correction. Here, the target is 134.58. We also expect the formation of expressed initial conditions for the upward cycle to this level.

The main trend is the descending structure of September 20.

Trading recommendations:

Buy: 132.72 Take profit: 133.30

Buy: 133.40 Take profit: 134.55

Sell: 131.43 Take profit: 130.80

Sell: 130.74 Take profit: 129.90