Fractal analysis of major currency pairs on October 2

Dear colleagues.

For the currency pair Euro / Dollar, the price is near the limit values for the downward structure of September 24, in connection with which, we expect a rollback up. For the currency pair Pound / Dollar, the development of the main downward trend of September 20 is expected after the breakdown of 1.2955. The currency pair Dollar / Franc is following the development of the ascending cycle of September 21, and we expect further uptrend after the breakdown of 0.9852. For the currency pair Dollar / Yen, the price is still in the correctional area of the upward structure. For the Euro / Yen currency pair, we expect further downward movement after passing by the price of the range of 131.32 - 131.02. The currency pair Pound / Yen is following the downward structure of September 21 as the main one.

Forecast for October 2:

Analytical review of currency pairs in the scale of H1:

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For the Euro / Dollar currency pair, the key levels on the scale of H1 are: 1.1605, 1.1571, 1.1553, 1.1516 and 1.1496. Here, we continue to follow the development of the downward cycle of September 24. At the moment, the price is near the limit values and we expect a reversal upwards. The short-term upward movement is possible in the range of 1.1553 - 1.1571 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.1605 and this level is a key support for the downward structure.

The short-term downward movement is possible in the range of 1.1516 - 1.1496, hence we expect a key upward reversal.

The main trend is the downward cycle from September 24.

Trading recommendations:

Buy 1.1553 Take profit: 1.1570

Buy 1.1573 Take profit: 1.1603

Sell: Take profit:

Sell: Take profit:

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For the Pound / Dollar currency pair, the key levels on the scale of H1 are 1.3149, 1.3114, 1.3059, 1.2995, 1.2957, 1.2867 and 1.2803. Here, we are following the downward structure of September 20th. The short-term downward movement, as well as consolidation, is expected in the range of 1.2995 - 1.2957. The passage at the price of the range of 1.2995 - 1.2957 will lead to the development of a pronounced downward movement. Here, the target is 1.2867. The potential value for the bottom is considered the level of 1.2803, upon reaching which we expect a rollback to the top.

The correction is possible after the breakdown of 1.3059. In this case, the goal is 1.3114. The range of 1.3114 - 1.3149 is a key support for the downward structure, to the level of 1.3149, we expect the clearance of a potential structure for the top.

The main trend is the downward structure of September 20.

Trading recommendations:

Buy: 1.3060 Take profit: 1.3114

Buy: Take profit:

Sell: 1.2955 Take profit: 1.2870

Sell: 1.2864 Take profit: 1.2806

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For the currency pair Dollar / Franc, the key levels on the scale of H1 are: 0.9907, 0.9852, 0.9826, 0.9785, 0.9759, 0.9729 and 0.9705. Here, we continue to follow the development of the ascending cycle of September 21. The short-term upward movement is possible in the range of 0.9826 - 0.9852 and the breakdown of the last value will lead to a pronounced movement. Here, the target is 0.9907, upon reaching which we expect a pullback downwards.

The short-term downward movement is possible in the range of 0.9785 - 0.9759 and the breakdown of the latter value will lead to an in-depth correction. Here, the goal is 0.9729 and the range of 0.9729 - 0.9705 is the key support for the top, before it we expect the initial conditions for the downward cycle.

The main trend is the upward structure of September 21.

Trading recommendations:

Buy: 0.9826 Take profit: 0.9850

Buy: 0.9855 Take profit: 0.9905

Sell: 0.9785 Take profit: 0.9763

Sell: 0.9755 Take profit: 0.9733

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For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 114.32, 114.00, 113.83, 113.60, 113.36 and 113.01. Here, we are following the local ascending structure of September 13. The short-term upward movement is possible in the range of 113.83 - 114.00 and the breakdown of the last value will lead to a movement to the potential target of 114.32, upon reaching this level we expect a pullback downwards.

The short-term downward movement is possible in the range of 113.60 - 113.36 and the breakdown of the last value will lead to a protracted correction. Here, the target is 113.01 and this level is the key support.

The main trend: the local upward structure of September 13.

Trading recommendations:

Buy: Take profit:

Buy: 114.03 Take profit: 114.30

Sell: 113.60 Take profit: 113.38

Sell: 113.34 Take profit: 113.07

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For the Canadian dollar / Dollar currency pair, the key levels on the scale of H1 are: 1.2953, 1.2904, 1.2873, 1.2846, 1.2786, 1.2743, 1.2681 and 1.2645. Here, we are following the downward structure of September 27. The short-term downward movement is possible in the range of 1.2786 - 1.2743 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.2681. The potential value for the bottom is considered the level of 1.2645, upon reaching which we expect consolidation in the range of 1.2645 - 1.2681, as well as a rollback to the top.

The short-term uptrend is possible in the range of 1.2846 - 1.2873 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 1.2904 and this level is a key support for the downward structure of September 27. Its price will have the formation of the initial conditions for the upward cycle case target is 1.2953.

The main trend is the downward structure of September 27.

Trading recommendations:

Buy: 1.2846 Take profit: 1.2871

Buy: 1.2874 Take profit: 1.2902

Sell: 1.2784 Take profit: 1.2746

Sell: 1.2740 Take profit: 1.2684

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For the Australian Dollar / Dollar currency pair, the key levels on the scale of H1 are: 0.7261, 0.7236, 0.7221, 0.7186, 0.7168, 0.7144 and 0.7130. Here, we follow the downward structure of September 21. The short-term downward movement is possible in the range of 0.7186 - 0.7168 and the breakdown of the latter value will lead to the development of a pronounced movement. Here, the target is 0.7144. The potential value for the bottom is considered to be the level of 0.7130, upon reaching which we expect consolidation in the range of 0.7144 - 0.7130, as well as a rollback to the top.

The short-term uptrend is expected in the range of 0.7221 - 0.7236 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.7261 and this level is the key support.

The main trend is the downward structure of September 21.

Trading recommendations:

Buy: 0.7221 Take profit: 0.7234

Buy: 0.7238 Take profit: 0.7260

Sell: 0.7186 Take profit: 0.7170

Sell: 0.7166 Take profit: 0.7146

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For the Euro / Yen currency pair, the key levels on the scale of H1 are: 133.85, 133.16, 132.59, 131.32, 131.02, 130.34 and 129.97. Here, we follow the formation of a downward structure from September 25. The development of this structure is expected after the passage of the price of the range of 131.32 - 131.02. In this case, the goal is 130.34. For the time being, we consider the potential value for the bottom to be the level of 129.97, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 132.59 - 133.16 and the breakdown of the latter value will lead to the development of an upward trend. In this case, the goal is 133.85.

The main trend is the formation of a downward structure of September 25.

Trading recommendations:

Buy: 132.60 Take profit: 133.14

Buy: 133.18 Take profit: 133.80

Sell: 131.00 Take profit: 130.40

Sell: 130.31 Take profit: 130.00

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For the Pound / Yen currency pair, the key levels on the scale of H1 are: 149.69, 149.00, 148.17, 147.59, 146.84, 145.89, 144.86 and 144.11. Here, we are following the downward structure of September 21 as the main structure. The short-term downward movement is possible in the range of 148.17 - 147.59 and the breakdown of the latter value will lead to the development of a downward trend. In this case, the first target is 146.84. Its breakdown in turn will lead to the movement to 145.89, near this level is the consolidation. The breakdown at the level of 145.89 will lead to the development of a pronounced movement. Here, the target is 144.86. The potential value for the bottom is considered the level of 144.11, upon reaching which we expect a rollback to the top.

An upward movement is possible after the breakdown of 149.00. In this case, the goal is 149.69, up to this level we expect the design of the local structure.

The main trend is the downward structure of September 21.

Trading recommendations:

Buy: 149.00 Take profit: 149.65

Buy: Take profit:

Sell: 147.55 Take profit: 146.90

Sell: 146.80 Take profit: 146.00

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