Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Fractal analysis of the main currency pairs for September 19

September 19, 2018 Analytics

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Dear colleagues.

For the EUR / USD pair, we continue to monitor the local structure for the top of September 17. For the GBP / USD pair, we expect the movement towards the level of 1.3229. We consider the movement downwards as a correction. For the USD / CHF pair, the expressed initial conditions for the top is expected to reach the level of 0.9701. For the of USD / JPY pair, the continuation of the upward movement is possible after passing the price of the noise range at 112.46 – 112.64. For the EUR / JPY pair, the continuation of the upward movement is expected after the breakdown of 131.86. For the GBP / JPY pair, the subsequent development of the upward movement is expected after the breakdown of 148.43. The level of 146.82 is the key support.

The forecast for September 19:

Analytical review of currency pairs in the scale of H1:

analytics5ba22e8510d46.png

For the EUR / USD pair, the key levels on the scale of H1 are: 1.1783, 1.1761, 1.1728, 1.1704, 1.1657, 1.1640, 1.1613 and 1.1576. Here, we continue to follow the local upward structure of September 17. Short-term upward movement is expected in the area of 1.1704 – 1.1728. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.1761. The potential value for the top is the level of 1.1783. Upon reaching this level, we expect a pullback downwards.

Short-term downward movement is possible in the area of 1.1657 – 1.1640. The breakdown of the last value will lead to the development of a downward movement. Here, the target is 1.1613. As a potential value for the bottom, we are considering the level of 1.1576.

The main trend is a local structure for the top of September 17.

Trading recommendations:

Buy 1.1704 Take profit: 1.1725

Buy 1.1730 Take profit: 1.1760

Sell: 1.1655 Take profit: 1.1642

Sell: 1.1638 Take profit: 1.1615

analytics5ba22e93ba131.png

For the GBP / USD pair, the key levels on the scale of H1 are 1.3346, 1.3263, 1.3229, 1.3167, 1.3111, 1.3078 and 1.3040. Here, we continue to follow the upward cycle of September 5. At the moment, we expect the movement towards the 1.3229 level. In the area of 1.3229 – 1.3263 is the consolidation of the price. The potential value for the top is the level of 1.3346. Upon reaching this level, we expect a pullback downwards.

Short-term downward movement is possible in the area of 1.3111 – 1.3078. The breakdown of the last value will lead to in-depth correction. Here, the potential target is 1.3040.

The main trend is the upward cycle of September 5.

Trading recommendations:

Buy: 1.3167 Take profit: 1.3229

Buy: 1.3264 Take profit: 1.3344

Sell: 1.3111 Take profit: 1.3080

Sell: 1.3076 Take profit: 1.3040

analytics5ba22ea258424.png

For the USD / CHF pair, the key levels on the scale of H1 are: 0.9701, 0.9677, 0.9628, 0.9586, 0.9560 and 0.9543. Here, the price forms the potential for the top of September 18 in correcting a downward trend. A breakdown at the level of 0.9677 will lead to a short-term upward movement. Here, the target is 0.9701. Upon reaching this level, we expect the appearance of pronounced initial conditions for the upward cycle.

The level of 0.9628 is the key support for the top. Passing the price will continue the development of the downward trend. In this case, the target is 0.9586. The potential value for the bottom is the level of 0.9543. After reaching this level, we expect consolidation in the area of 0.9560 – 0.9543.

The main trend is the downward structure from September 11, the correction stage.

Trading recommendations:

Buy: Take profit:

Buy: 0.9678 Take profit: 0.9700

Sell: 0.9626 Take profit: 0.9587

Sell: 0.9584 Take profit: 0.9562

analytics5ba22eb1ef0b3.png

For the USD / JPY pair, the key levels on a scale are: 113.34, 113.01, 112.64, 112.46, 112.16, 111.96 and 111.58. Here, we continue to follow the upward structure of September 7. Short-term upward movement is possible in the area of 112.46 – 112.64. The breakdown of the last value will allow us to expect movement towards the level of 113.01. Near this level is the consolidation of the price. The potential value for the top is the level 113.34. Upon reaching this level, we expect a pullback downwards.

Short-term downward movement is possible in the area of 112.16 – 111.96. The breakdown of the last value will lead to in-depth correction. Here, the target is 111.58. This level is the key support for the top.

The main trend is the upward structure of September 7.

Trading recommendations:

Buy: 112.46 Take profit: 112.62

Buy: 112.66 Take profit: 113.00

Sell: 112.16 Take profit: 111.97

Sell: 111.94 Take profit: 111.60

analytics5ba22ebfe9940.png

For the CAD / USD pair, the key H1 scale levels are: 1.3043, 1.3003, 1.2975, 1.2931, 1.2898, 1.2877 and 1.2837. Here, the price forms a local potential from September 18 to continue the downward movement. The subsequent development of the downward movement is expected after the breakdown of 1.2930. In this case, the target is 1.2898. In the area of 1.2898 – 1.2877 is the consolidation of the price. The potential value for the downward movement is the level of 1.2837. After reaching this level, we expect a pullback upward.

Short-term upward movement is possible in the area of 1.2975 – 1.3003. The breakdown of the latter value will lead to in-depth correction. Here, the target is 1.3043. This level is the key support for the downward structure of September 6.

The main trend is the downward structure of September 6.

Trading recommendations:

Buy: 1.2975 Take profit: 1.3001

Buy: 1.3005 Take profit: 1.3043

Sell: 1.2930 Take profit: 1.2898

Sell: 1.2875 Take profit: 1.2840

analytics5ba22eccf3693.png

For the AUD / USD pair, the key levels on the scale of H1 are: 0.7362, 0.7320, 0.7287, 0.7241, 0.7171, 0.7139 and 0.7081. Here, we follow the initial conditions for the upward cycle of September 11. At the moment, we expect the movement towards the level of 0.7287. In the area of 0.7287-0.7320 is the consolidation of the price. The potential value for the top is the level of 0.7362. Upon reaching this level, we expect a pullback downwards.

Short-term downward movement is expected in the range of 0.7171 – 0.7139. From this area, there is a high probability of a turn up. A breakdown of the level of 0.7139 will lead to the development of a downward movement. Here, the potential target is 0.7081.

The main trend is the initial conditions for the top of September 11.

Trading recommendations:

Buy: 0.7241 Take profit: 0.7285

Buy: 0.7320 Take profit: 0.7360

Sell: 0.7170 Take profit: 0.7140

Sell: 0.7135 Take profit: 0.7090

analytics5ba22eda7aa9d.png

For the of EUR / JPY pair, the key levels on the scale of H1 are: 132.96, 132.52, 131.86, 131.02, 130.70, 130.21 and 129.71. Here, we follow the development of the upward cycle of September 10. The continuation of the upward movement is expected after the breakdown of 131.86. In this case, the target is 132.52. The potential value for the upward trend is the level of 132.96. Upon reaching this level, we expect a pullback downwards.

Short-term downward movement is possible in the area of 131.02 – 130.70. The breakdown of the last value will lead to in-depth correction. Here, the target is 130.21. This level is the key support for the top. Passing by the price will lead to the development of the downward movement. In this case, the target is 129.71.

The main trend is the upward cycle of September 10.

Trading recommendations:

Buy: 131.88 Take profit: 132.50

Buy: 132.55 Take profit: 132.90

Sell: 131.02 Take profit: 130.72

Sell: 130.68 Take profit: 130.25

analytics5ba22ee870903.png

For the GBP / JPY pair, the key levels on the scale of H1 are: 150.53, 149.31, 148.43, 147.40, 146.82 and 145.89. Here, we continue to follow the upward structure of September 7. The continuation of the upward movement is expected after the breakdown of 148.43. In this case, the target is 149.31. The consolidation is near this level and hence, there is a high probability of a pullback downwards. The potential value for the top is 150.53. From this level, we expect a correction.

Short-term downward movement is possible in the range of 147.40 – 146.82. The breakdown of the last value will lead to in-depth correction. Here, the target is 145.89. This level is the key support for the upward structure of September 7.

The main trend is the upward structure of September 7.

Trading recommendations:

Buy: 148.45 Take profit: 149.20

Buy: 149.35 Take profit: 150.50

Sell: 147.40 Take profit: 146.88

Sell: 146.78 Take profit: 146.00

The material has been provided by InstaForex Company – www.instaforex.com

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