Fractal analysis for major currency pairs on September 16

Outlook on September 16:

Analytical overview of currency pairs on the H1 scale:

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The key levels for the euro/dollar pair on the H1 chart are 1.2085, 1.2043, 1.1980, 1.1918, 1.1855, 1.1828, 1.1789 and 1.1753.We are following the formation of the upward structure from September 9 here. Now, the breakdown of the level 1.1918 should be accompanied by a strong upward movement. The target is 1.1980, and there is consolidation near this level. If the target breaks down, it will lead to a strong upward movement. Here, the target is 1.2043. We consider the level of 1.2085 as a potential value for the top. Upon reaching which, we expect a correction.

A consolidated movement is possible in the range of 1.1855 – 1.1828. If the last value breaks down, it will lead to a deep correction. The target is 1.1789, which is the key support for the top.

The main trend is the formation of an upward structure from September 9

Trading recommendations:

Buy: 1.1919 Take profit: 1.1980

Buy: 1.1982 Take profit: 1.2041

Sell: 1.1826 Take profit: 1.1790

Sell: 1.1787 Take profit: 1.1755

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The key levels for the pound/dollar pair are 1.3034, 1.2955, 1.2903, 1.2758, 1.2676, 1.2571 and 1.2508. Here, the price entered an equilibrium state: the descending structure from September 10 and the formation of potential for the high from 11 September. On the other hand, a short-term downward movement is expected within the levels of 1.2758 – 1.2676. In case of breakdown of the last value, it will lead to a strong movement. Here, the target is 1.2571. For the potential value for the bottom, we consider the level 1.2508. Upon reaching which, we expect consolidation and upward pullback.

A short-term upward movement is expected in the range of 1.2903 – 1.2955. The breakdown of the last value will favor the development of an upward structure. In this case, the potential target is 1.3034.

The main trend is an equilibrium situation

Trading recommendations:

Buy: 1.2903 Take profit: 1.2953

Buy: 1.2957 Take profit: 1.3034

Sell: 1.2758 Take profit: 1.2678

Sell: 1.2674 Take profit: 1.2571

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The key levels for the dollar/franc pair are 0.9156, 0.9129, 0.9108, 0.9072, 0.9038, 0.8992 and 0.8963. Here, we are following the medium-term downward trend from September 8th. The decline is expected to continue after the breakdown of the level of 0.9072. In this case, the target is 0.9038. There is consolidation near this level. The breakdown of the level of 0.9038 will lead to a strong downward movement. The target is 0.8992. For the potential value for the bottom, we consider the level of 0.8963. Upon reaching which, we expect a pullback into the correction.

A short-term upward movement is possible in the range of 0.9108 – 0.9129. If the last value breaks down, a deep correction will emerge. Here, the potential target is 0.9156, which is the key support for the downward structure.

The main trend is the medium-term descending structure of September 8

Trading recommendations:

Buy : 0.9108 Take profit: 0.9127

Buy : 0.9131 Take profit: 0.9155

Sell: 0.9070 Take profit: 0.9040

Sell: 0.9036 Take profit: 0.8992

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The key levels for the dollar yen are 105.88, 105.60, 105.47, 105.26, 105.09 and 104.84. We consider the descending structure of September 4 as the main trend. Meanwhile, a short-term downward movement is expected in the range of 105.26 – 105.09. In case of breakdown of the last value, it will lead to a movement to a potential target of 104.84. Upon reaching this level, we expect an upward pullback.

A short-term upward movement is possible in the range of 105.47 – 105.60 and a breakdown of the last value will lead to a deep correction. The target here is 105.88, which is the key support for the downward structure.

Main trend: descending structure from September 4.

Trading recommendations:

Buy: 105.47 Take profit: 105.60

Buy : 105.62 Take profit: 105.88

Sell: 105.24 Take profit: 105.10

Sell: 105.07 Take profit: 104.85

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The key levels for the USD/CAD pair are 1.3342, 1.3308, 1.3259, 1.3214, 1.3190, 1.3127, 1.3095, 1.3050 and 1.3019. HWe are following the development of the upward cycle from September 1. At the moment, the price is in correction and forms a potential for the low from September 9. Meanwhile, a short-term downward movement is expected in the range of 1.3127 – 1.3095. If the last value breaks down, it will lead to a strong downward movement. Here, the target is 1.3050. We consider the level of 1.3019 as a potential value for the bottom; Upon reaching this level, we expect an upward pullback.

A short-term upward movement is possible in the range of 1.3190 – 1.3214. Now, breaking through the last value will encourage the development of an upward trend. In this case, the first potential target is 1.3259. There is consolidation near this level.

The main trend is the upward cycle from September 1, the correction stage

Trading recommendations:

Buy: 1.3190 Take profit: 1.3214

Buy : 1.3216 Take profit: 1.3259

Sell: 1.3127 Take profit: 1.3097

Sell: 1.3093 Take profit: 1.3050

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The key levels for the AUD/USD pair are 0.7423, 0.7389, 0.7362, 0.7326, 0.7297, 0.7268, 0.7254 and 0.7196. HHere, we are following the upward cycle of September 9th. The growth is expected to continue after the breakdown of the level of 0.7326. In this case, the target is 0.7362. There is a short-term upward movement and consolidation in the range of 0.7362 – 0.7389. On the other hand, we consider the level of 0.7423 as a potential value for the top. Upon reaching which, we expect consolidation and a downward pullback.

Leaving into correction is expected after the breakdown of the level of 0.7297. In this case, the target is 0.7268. The range of 0.7268 – 0.7254 is the key support for the upward structure and the price passing this level will encourage the development of a downward trend. In this case, the potential target is 0.7196.

The main trend is the upward structure from September 9

Trading recommendations:

Buy: 0.7328 Take profit: 0.7360

Buy: 0.7363 Take profit: 0.7387

Sell : 0.7295 Take profit : 0.7268

Sell: 0.7252 Take profit: 0.7200

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The key levels for the euro/yen pair are 125.69, 125.28, 125.01, 124.40, 124.12, 123.70 and 123.44. We are following the downward trend cycle from September 10. Now, a short-term downward movement is expected in the range of 124.40 – 124.12. If the last value breaks down, it will lead to a strong downward movement. Here, the target is 123.70. Meanwhile, there is a short-term downward movement in the range of 123.70 – 123.44, from which we expect an upward pullback.

A short-term upward movement is expected in the range of 125.01 – 125.28. The breakdown of the last value will lead to a deep correction. Here, the target is 125.69, which is a key support for the downward structure.

The main trend is the downward cycle from September 10.

Trading recommendations:

Buy: 125.01 Take profit: 125.26

Buy: 125.30 Take profit: 125.69

Sell: 124.40 Take profit: 124.13

Sell: 124.10 Take profit: 123.70

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The key levels for the pound/yen pair are 138.34, 137.59, 137.11, 136.49, 135.41, 134.59, 133.63 and 132.97. We are following the local descending structure from September 10 here. Now, a short-term downward movement is expected in the range of 135.41 – 134.59. If the last value breaks down, it will lead to a strong movement. Here, the target is 133.63. For the potential value for the bottom, we consider the level of 132.97. Upon reaching which, we expect consolidation and upward pullback.

A short-term upward movement is expected in the range of 136.49 – 137.11. The range of 137.11 – 137.59 is the key support for the downward structure and the price passing this level will encourage the formation of initial conditions for the top. Here, the potential target is 138.34.

The main trend is the local descending structure of September 10

Trading recommendations:

Buy: 136.50 Take profit: 137.10

Buy: 137.60 Take profit: 138.34

Sell: 135.40 Take profit: 134.60

Sell: 134.55 Take profit: 133.65

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