Fractal analysis of the main currency pairs on September 7

Dear colleagues.

For the currency pair Euro / Dollar, we continue to monitor the formation of the potential for the top of September 4 and the upward movement is expected after the breakdown of 1.1675. For the Pound / Dollar currency pair, we follow the formation of the upward structure from September 5 and we continue to wait for the continuation of the upward movement after the breakdown of 1.2983. For the Dollar / Franc currency pair, we follow the local downward cycle from September 4. For the currency pair Dollar / Yen, the subsequent targets were determined from the medium-term downward structure of August 29. For the currency pair Euro / Yen, we follow the development of the downward structure of August 29. For the Pound / Yen currency pair, the downward structure of August 30 is considered as medium-term initial conditions.

Forecast for September 7:

Analytical review of currency pairs in the scale of H1:

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For the EUR / USD currency pair, the key levels on the scale of H1 are: 1.1740, 1.1713, 1.1675, 1.1661, 1.1614, 1.1590, 1.1538, 1.1517 and 1.1485. Here, we continue to monitor the formation of the potential for the top of September 4. The continuation of the development of the upward structure is expected after the passage at the price of the noise range of 1.1661 - 1.1675. In this case, the target is 1.1713. The potential value for the top is the level of 1.1740, after which we expect consolidation, as well as a pullback to the bottom.

The short-term downward movement is possible in the corridor of 1.1614-1.1590 and the breakdown of the last value will have to form a local downward structure. Here, the first target is 1.1538 and in the corridor of 1.1538 - 1.1517 is the consolidation. The potential value for the bottom is the level of 1.1485.

The main trend is the formation of the potential for the top of September 4.

Trading recommendations:

Buy 1.1675 Take profit: 1.1710

Buy 1.1714 Take profit: 1.1740

Sell: 1.1614 Take profit: 1.1592

Sell: 1.1587 Take profit: 1.1540

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For the Pound / Dollar currency pair, the key levels on the H1 scale are 1.3161, 1.3110, 1.3040, 1.3014, 1.2983, 1.2880, 1.2855, 1.2820 and 1.2786. Here, the price forms the potential for the top of September 5. The continued upward movement is expected after the breakdown of 1.2983. In this case, the target is 1.3014 and in the corridor of 1.3014 - 1.3040 is the consolidation. The break of level 1.3040 should be accompanied by a pronounced upward movement. Here, the target is 1.3110. The potential value for the upstream structure is the level of 1.3161.

The short-term downward movement is possible in the corridor of 1.2880 - 1.2855 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2820 and this level is the key support for the top. Its breakdown will have a downward movement. Here, the target is 1.2786.

The main trend is the formation of the potential for the top of September 5.

Trading recommendations:

Buy: 1.2983 Take profit: 1.3014

Buy: 1.3042 Take profit: 1.3110

Sell: 1.2880 Take profit: 1.2857

Sell: 1.2853 Take profit: 1.2820

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For the currency pair Dollar / Franc, the key levels on the scale of H1 are: 0.9718, 0.9688, 0.9667, 0.9639, 0.9622, 0.9596 and 0.9581. Here, we follow the development of the local downward structure of September 4. The short-term downward movement is possible in the corridor of 0.9639 - 0.9622 and the breakdown of the last value will lead to the development of a pronounced movement. Here, the target is 0.9596 and the potential value for the bottom is the level of 0.9581, upon reaching which we expect consolidation in the corridor of 0.9581 - 0.9596, and also a rollback upward.

The short-term upward movement is possible in the corridor of 0.9667 - 0.9688 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9718 and this level is the key support for the downward structure from September 4.

The main trend is the downward structure of September 4.

Trading recommendations:

Buy: 0.9667 Take profit: 0.9686

Buy: 0.9690 Take profit: 0.9717

Sell: 0.9638 Take profit: 0.9624

Sell: 0.9620 Take profit: 0.9596analytics5b91cee645165.png

For the currency pair Dollar / Yen, the key levels on the scale of H1 are: 111.23, 110.98, 110.78, 110.47, 110.28, 109.88, 109.62 and 109.18. Here, we determined the subsequent goals from the medium-term downward structure on August 28. The continued downward movement is expected after the passage at the price of the noise range of 110.47 - 110.28. In this case, the target is 109.88 and in the corridor of 109.88 - 109.62 is the consolidation. The potential value for the bottom is the level of 109.18 and the movement to which we expect after the breakdown of 109.60.

The short-term upward movement is possible in the corridor of 110.78 - 110.98 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 111.23 and this level is the key support for the downward structure.

The main trend is the medium-term downward structure of August 28.

Trading recommendations:

Buy: 110.78 Take profit: 110.96

Buy: 111.00 Take profit: 111.23

Sell: 110.26 Take profit: 109.90

Sell: 109.86 Take profit: 109.64

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For the Canadian Dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3271, 1.3235, 1.3200, 1.3156, 1.3133 and 1.3097. Here, we follow the upward cycle from August 30, currently, the price is in the correction area. The continuation of the main trend is expected after the breakdown of the level of 1.3200. In this case, the target is 1.3235, from this level, the probability of leaving for correction is high. As a potential move for the top, consider the level of 1.3271, upon reaching which we expect a pullback downwards.

The short-term downward movement is possible in the corridor of 1.3156 - 1.3133 and the breakdown of the last value will lead to an in-depth correction. In this case, the target is 1.3097 and this level is the key support for the upward structure.

The main trend is the ascending structure of August 30.

Trading recommendations:

Buy: 1.3200 Take profit: 1.3233

Buy: 1.3237 Take profit: 1.3270

Sell: 1.3155 Take profit: 1.3135

Sell: 1.3130 Take profit: 1.3097

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For the Australian Dollar / Dollar currency pair, the key levels on the scale of H1 are: 0.7273, 0.7241, 0.7216, 0.7152, 0.7131, 0.7094 and 0.7062. Here, we follow the downward structure of August 28. The continued downward movement is expected after the passage at the price of the noise range of 0.7152 - 0.7131. In this case, the target is 0.7094. The potential value for the bottom is the level of 0.7062, after which we expect the consolidated movement in the range 0.7062 - 0.7094.

The short-term upward movement is possible in the corridor of 0.7216 - 0.7241 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 0.7273 and this level is the key support for the bottom.

The main trend is the downward structure of August 28.

Trading recommendations:

Buy: 0.7216 Take profit: 0.7240

Buy: 0.7243 Take profit: 0.7273

Sell: 0.7130 Take profit: 0.7095

Sell: 0.7092 Take profit: 0.7062

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For the Euro / Yen currency pair, the key levels on the scale of H1 are: 130.92, 130.06, 129.55, 128.43, 127.98, 127.47 and 127.18. Here, we follow the development of the downward structure of August 29.

The short-term downward movement is possible in the corridor of 128.43 - 127.98 and the breakdown of the last value will lead to a pronounced movement. Here, the target is 127.47. The range of 127.47 - 127.18, before it we expect the initial conditions for the descending cycle to be formalized.

The short-term upward movement is possible in the range of 129.55 - 130.06 and the breakdown of the last value will lead to the formation of initial conditions for the upward cycle. Here, the target is 130.92.

The main trend is the downward structure of August 29.

Trading recommendations:

Buy: 129.57 Take profit: 130.00

Buy: 130.10 Take profit: 130.90

Sell: 128.40 Take profit: 128.00

Sell: 127.95 Take profit: 127.50

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For the Pound / Yen currency pair, the key levels on the scale of H1 are: 144.46, 143.70, 143.30, 142.39, 141.86, 141.38, 140.66 and 140.23. Here, the descending structure of August 30 is considered as medium-term initial conditions. The continued downward movement is expected after the breakdown at 142.39. In this case, the target is 141.86 and in the corridor of 141.86 - 141.38 is the consolidation. The level breakdown at 141.38 should be accompanied by a pronounced downward movement. Here, the target is 140.66 and the potential value for the bottom is the level of 140.23, after which we expect consolidation, and also a rollback to the top.

The short-term upward movement is possible in the corridor of 143.30 - 143.70 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 144.46 and this level is the key support for the bottom.

The main trend is the medium-term downward structure of August 30.

Trading recommendations:

Buy: 143.70 Take profit: 144.40

Buy: 144.50 Take profit: 145.65

Sell: 142.35 Take profit: 141.86

Sell: 141.80 Take profit: 141.40

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