13.09.201903:05 Forex Analysis & Reviews: Fractal analysis of the main currency pairs for September 13

Forecast for September 13:

Analytical review of currency pairs on the scale of H1:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1188, 1.1135, 1.1114, 1.1086, 1.1044, 1.1021 and 1.0987. Here, we determined the subsequent goals for the top from the local ascending structure on September 12. The continuation of the movement to the top is expected after the breakdown of the level of 1.1086. In this case, the target is 1.1114. Short-term upward movement, as well as consolidation is in the range of 1.1114 - 1.1135. For the potential value for the top, we consider the level of 1.1188. The movement to which, is expected after the breakdown of the level of 1.1135.

Short-term downward movement is expected in the range of 1.1044 - 1.1021. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.0987. This level is a key support for the upward structure.

The main trend is the local structure for the top of September 12.

Trading recommendations:

Buy: 1.1086 Take profit: 1.1114

Buy 1.1136 Take profit: 1.1186

Sell: 1.1044 Take profit: 1.1022

Sell: 1.1018 Take profit: 1.0989

For the pound / dollar pair, the key levels on the H1 scale are: 1.2460, 1.2408, 1.2351, 1.2300, 1.2266, 1.2218 and 1.2190. Here, we continue to monitor the development of the upward cycle of September 3. The continuation of the movement to the top is expected after the breakdown of the level of 1.2351. In this case, the target is 1.2408. The breakdown of which, in turn, will allow us to expect movement to the level of 1.2460, and upon reaching this level, we expect consolidation in the range of 1.2408 - 1.2460. For the potential value for the top, we consider the level of 1.2514. Upon reaching which, we expect a pullback to the bottom.

Consolidated movement is expected in the range of 1.2300 - 1.2266. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.2218. The range of 1.2218 - 1.2190 is the key support for the upward cycle.

The main trend is the upward cycle of September 3.

Trading recommendations:

Buy: 1.2351 Take profit: 1.2406

Buy: 1.2409 Take profit: 1.2460

Sell: 1.2300 Take profit: 1.2268

Sell: 1.2264 Take profit: 1.2218

For the dollar / franc pair, the key levels on the H1 scale are: 1.0024, 0.9991, 0.9974, 0.9947, 0.9914, 0.9894, 0.9872 and 0.9830. Here, we are following the development of the ascending structure of September 4. At the moment, the price is in correction. The continuation of the movement to the top is expected after the breakdown of the level of 0.9947. In this case, the target is 0.9974. Price consolidation is in the range of 0.9974 - 0.9991. For the potential value for the top, we consider the level of 1.0024. Upon reaching this value, we expect a pullback to the bottom.

Consolidated movement is expected in the range of 0.9914 - 0.9894. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.9872. This level is a key support for the top. Its price movement should be accompanied by a pronounced downward movement. In this case, the potential target is 0.9830.

The main trend is the ascending structure of September 4, the correction stage.

Trading recommendations:

Buy : 0.9948 Take profit: 0.9972

Buy : 0.9991 Take profit: 1.0024

Sell: 0.9892 Take profit: 0.9872

Sell: 0.9870 Take profit: 0.9835

For the dollar / yen pair, the key levels on the scale are : 108.76, 108.33, 108.12, 107.70, 107.49 and 107.12. Here, we follow the development of the ascending structure of September 3. Short-term upward movement is expected in the range of 108.12 - 108.33. The breakdown of the last value will lead to movement to a potential target - 108.76, when this level is reached, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 107.70 - 107.49. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 107.12. This level is a key support for the top.

Main trend: local upward structure from September 3.

Trading recommendations:

Buy: 108.12 Take profit: 108.30

Buy : 108.35 Take profit: 108.76

Sell: 107.70 Take profit: 107.50

Sell: 107.46 Take profit: 107.12

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3297, 1.3275, 1.3230, 1.3208, 1.3165, 1.3140, 1.3094 and 1.3052. Here, we follow the development of the downward structure of September 3. At the moment, the price is in correction and forms the potential for the top of September 10. After the price passes through the noise range 1.3208 - 1.3230, we expect the development of the ascending structure. In this case, the target is 1.3275. Price consolidation is in the range of 1.3275 - 1.3297.

Short-term downward movement is possibly in the range of 1.3163 - 1.3140. The breakdown of the latter value will lead to the subsequent development of a downward trend. In this case, the first potential target is 1.3094.

The main trend is the descending structure of September 3, the stage of deep correction.

Trading recommendations:

Buy: 1.3230 Take profit: 1.3275

Buy : 1.3275 Take profit: 1.3295

Sell: 1.3165 Take profit: 1.3143

Sell: 1.3138 Take profit: 1.3096

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6967, 0.6918, 0.6884, 0.6867, 0.6841, 0.6822 and 0.6793. Here, we are following the development of the ascending structure of September 3. Short-term upward movement is expected in the range of 0.6867 - 0.6884. The breakdown of the latter value will lead to a movement to the level of 0.6918. Price consolidation is near this value. For the potential value for the top, we consider the level of 0.6967. Upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 0.6841 - 0.6822. The breakdown of the last value will lead to a long correction. Here, the potential target is 0.6793. This level is a key support for the top.

The main trend is the upward structure of September 3.

Trading recommendations:

Buy: 0.6886 Take profit: 0.6918

Buy: 0.6920 Take profit: 0.6965

Sell : 0.6840 Take profit : 0.6822

Sell: 0.6820 Take profit: 0.6795

For the euro / yen pair, the key levels on the H1 scale are: 121.95, 121.39, 120.36, 119.95, 119.32, 118.99, 118.50 and 117.73. Here, we determined the subsequent goals for the top from the local ascending structure on September 12. Short-term upward movement is expected in the range of 119.95 - 120.36. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 121.39. For the potential value for the top, we consider the level of 121.95. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is expected in the range of 119.32 - 118.99. The breakdown of the latter value will lead to an in-depth correction. Here, the goal is 118.50. This level is a key support for the upward structure.

The main trend is the local structure for the top of September 12.

Trading recommendations:

Buy: 119.95 Take profit: 120.34

Buy: 120.40 Take profit: 121.30

Sell: 119.32 Take profit: 119.00

Sell: 119.95 Take profit: 118.50

For the pound / yen pair, the key levels on the H1 scale are : 136.13, 134.74, 134.10, 131.91, 131.36, 130.57 and 129.70. Here, we continue to monitor the development of the upward cycle of September 3. At the moment, we expect movement to the level of 134.10. Short-term upward movement, as well as consolidation is in the range of 134.10 - 134.74. For the potential value for the top, we consider the level 136.13. Upon reaching which, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 131.91 - 131.36. The breakdown of the last value will lead to an in-depth correction. Here, the target is 130.57. This level is a key support for the upward structure. Its passage in price will lead to the formation of a downward structure. Here, the potential target is 129.70.

The main trend is the upward structure of September 3.

Trading recommendations:

Buy: 132.96 Take profit: 134.10

Buy: 134.10 Take profit: 134.72

Sell: 131.90 Take profit: 131.36

Sell: 131.34 Take profit: 130.58