Fractal analysis of major currency pairs on October 26

Dear colleagues.

For the Euro / Dollar currency pair, we expect the continuation of the downward movement after the breakdown of 1.1344 and we consider the movement upwards as a correction. For the currency pair Pound / Dollar, we still expect a turn into a correction from the level of 1.2802. For the currency pair Dollar / Franc, the potential target for the top is the level of 1.0038 and the level of 0.9963 is the key support. For the currency pair Dollar / Yen, the descending structure of October 22 is still relevant for setting goals and the level of 112.66 is the key support. For the currency pair Euro / Yen, we expect the movement to the level of 127.40. For the Pound / Yen currency pair, we expect the downward movement after the breakdown of 143.84 and we consider the upward movement as a correction.

Forecast for October 26:

Analytical review of H1-scale currency pairs:

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For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1472, 1.1433, 1.1380, 1.1346, and 1.1299. Here, we continue to follow the development of the downward cycle of October 16. The short-term downward movement, as well as consolidation, we expect in the range of 1.1380 - 1.1346. The potential value for the bottom is considered the level of 1.1299, to which we expect movement after the breakdown of 1.1346.

The short-term upward movement is possible in the range of 1.1410 - 1.1433 and the breakdown of the latter will lead to the development of a protracted correction. Here, the target is 1.1472 and this level is the key support for the bottom.

The main trend is the downward structure of October 16.

Trading recommendations:

Buy 1.1410 Take profit: 1.1430

Buy 1.1435 Take profit: 1.1470

Sell: 1.1379 Take profit: 1.1348

Sell: 1.1344 Take profit: 1.1305

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For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.3044, 1.2979, 1.2909, 1.2866, 1.2802 and 1.2719. Here, we are following the development of the downward structure of October 12. The downward movement is expected after the breakdown of 1.2802. In this case, the potential target is 1.2719, after reaching this level, we expect a departure to the correction.

The short-term uptrend is possible in the range of 1.2866 - 1.2909 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 1.2979 and this level is the key support for the downward structure. Its price passage will have to form the initial conditions for the top. In this case, the potential goal is 1.3044.

The main trend is the downward cycle of October 12.

Trading recommendations:

Buy: 1.2866 Take profit: 1.2906

Buy: 1.2912 Take profit: 1.2970

Sell: Take profit:

Sell: 1.2800 Take profit: 1.2725

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For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0131, 1.0108, 1.0066, 1.0038, 0.9982, 0.9963, 0.9936 and 0.9914. Here, we continue to monitor the ascending structure of October 15. At the moment, we expect the movement to the level of 1.0038 and in the range of 1.0038 - 1.0066 is the short-term upward movement, as well as consolidation. The breakdown of the level of 1.0066 should be accompanied by a pronounced upward movement. Here, the target is 1.0108. The potential value for the top is considered the level of 1.0131, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.9982 - 0.9963 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 0.9936 and the range of 0.9936 -0.9914 is the key support for the upward structure. From the level of 0.9914, we expect the initial conditions for the downward cycle.

The main trend is the upward structure of October 15.

Trading recommendations:

Buy: 1.0040 Take profit: 1.0066

Buy: 1.0070 Take profit: 1.0108

Sell: 0.9980 Take profit: 0.9964

Sell: 0.9960 Take profit: 0.9938

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For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 112.88, 112.66, 112.24, 112.01, 111.71, 111.38, 111.14 and 110.84. Here, we are following the downward structure of October 22. The short-term downward movement is expected in the range of 112.24 - 112.01 and the breakdown of the latter value will lead to movement to the level of 111.71. The breakdown of which should be accompanied by a pronounced downward movement to the level of 111.38 and in the range of 111.38 - 111.14 is the short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 110.84, after reaching which we expect a rollback to the top.

The level of 112.66 is the key support for the downward structure. Its breakdown will lead to its cancellation, and in this case, the first potential target is 112.88.

The main trend is the downward structure of October 22.

Trading recommendations:

Buy: 112.66 Take profit: 112.88

Buy: Take profit:

Sell: 112.24 Take profit: 112.02

Sell: 111.98 Take profit: 111.40

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For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3250, 1.3199, 1.3161, 1.3127, 1.3085, 1.3060, 1.2965 and 1.2913. Here, we continue to monitor the ascending structure of October 16, and the price also forms a local structure for the top of October 24. The movement upwards is expected after the price passes the range of 1.3060 - 1.3085. In this case, the first target is 1.3137 and in the range of 1.3161 - 1.3199 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 1.3250, after reaching which we expect a departure to a correction.

The main trend is the ascending structure of October 16, the local structure of October 24.

Trading recommendations:

Buy: 1.3085 Take profit: 1.3135

Buy: 1.3163 Take profit: 1.3197

Sell: 1.2965 Take profit: 1.2915

Sell: Take profit:

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For the currency pair Australian dollar / Dollar, the key levels on the H1 scale are: 0.7130, 0.7105, 0.7088, 0.7059, 0.7034, 0.7017 and 0.6992. Here, we are following the development of the downward structure of October 17. The continuation of the downward movement is expected after the breakdown of 0.7059. In this case, the goal is 0.7034 and in the range of 0.7034 - 0.7017 is the price consolidation. The potential value for the bottom is considered the level of 0.6992, upon reaching which we expect a rollback to the top.

The short-term uptrend is possible in the range of 0.7088 - 0.7105 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7130 and this level is the key support for the downward structure.

The main trend is the downward structure of October 17.

Trading recommendations:

Buy: 0.7088 Take profit: 0.7105

Buy: 0.7107 Take profit: 0.7130

Sell: 0.7056 Take profit: 0.7034

Sell: 0.7016 Take profit: 0.6992

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For the Euro / Yen currency pair, the key levels on the H1 scale are: 128.74, 128.44, 128.08, 127.84, 127.40, 127.17, 126.82 and 126.43. Here, we continue to monitor the downward structure of October 22. The short-term downward movement is possible in the range of 127.40 - 127.17 and the breakdown of the latter value will lead to the movement to the level of 126.82. From this level, there is a high probability of recoil upwards. The potential value for the bottom is considered the level of 126.43, after reaching which we expect a rollback to the top.

The short-term uptrend is possible in the range of 127.84 - 128.08 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 128.44 and this level is the key support for the downward structure of October 22. Its breakdown will have to form an upward structure. In this case, the goal is 128.74

The main trend is the downward structure of October 22.

Trading recommendations:

Buy: 127.84 Take profit: 128.06

Buy: 128.15 Take profit: 128.44

Sell: 127.40 Take profit: 127.20

Sell: 127.15 Take profit: 126.84

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For the Pound / Yen currency pair, the key levels on the H1 scale are: 146.39, 146.03, 145.28, 144.76, 143.84, 143.19 and 142.24. Here, we are following the downward structure of October 16. The short-term downward movement is possible in the range of 143.84 - 143.19 and the breakdown of the latter value will lead to movement to the potential target of 142.24, upon reaching this level, we expect a rollback to the top.

The short-term uptrend is possible in the range of 144.76 - 145.28 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 146.03 and the range of 146.03 - 146.39 is the key support for the downward structure. We are waiting for the initial conditions for the top to reach it.

The main trend is the downward structure of October 16.

Trading recommendations:

Buy: 144.76 Take profit: 145.26

Buy: 145.32 Take profit: 146.03

Sell: 143.84 Take profit: 143.22

Sell: 143.16 Take profit: 142.30

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