Fractal analysis of major currency pairs on October 3

Dear colleagues.

For the currency pair Euro / Dollar, to the level of 1.1605, we expect the registration of the expressed initial conditions for the top. For the Pound / Dollar currency pair, the downward movement is possible after the breakdown of 1.2953 and the level of 1.3055 is the key support. The pair Dollar / Franc currency pair, we follow 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, the continuation of the development of the downward structure of September 25 is expected after the breakdown of 130.94. For the Pound / Yen currency pair, the development of the downward structure of September 21 is expected after the breakdown of 146.84.

Forecast for October 3:

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, the price entered the correction zone and we are waiting for the initial conditions for the upward cycle to be completed. 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 the 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: 1.1516 Take profit:

Sell: Take profit: 1.1496

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For the Pound / Dollar currency pair, the key levels on the scale of H1 are 1.3114, 1.3055, 1.3018, 1.2953, 1.2908, 1.2867 and 1.2803. Here, we are following the downward structure of September 20th. A downward movement is expected after the breakdown of 1.2953. In this case, the target is 1.2908 and in the range of 1.2908 - 1.2867 is the short-term downward movement, as well as the consolidation. The potential value for the bottom is considered the level of 1.2803, the movement to which is expected after the breakdown of 1.2865.

The short-term upward movement is possible in the range of 1.3018 - 1.3055 and the breakdown of the latter value will lead to a prolonged movement. Here, the target is 1.3114. The range of 1.3114 - 1.3149, before it, we expect clearance of the expressed initial conditions for the ascending cycle.

The main trend is the downward structure of September 20.

Trading recommendations:

Buy: 1.3018 Take profit: 1.3053

Buy: 1.3057 Take profit: 1.3114

Sell: 1.2953 Take profit: 1.2909

Sell: 1.2906 Take profit: 1.2868

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For the Dollar / Franc currency pair, the key levels on the scale of H1 are: 0.9907, 0.9852, 0.9812, 0.9785, 0.9759 and 0.9729. Here, we continue to follow the development of the ascending cycle of September 21. The continuation of the upward movement is expected after the breakdown of 0.9852. In this case, the goal is 0.9907, upon reaching this level we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.9812 - 0.9785 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 0.9759 and this level is the key support for the upward structure. Its breakdown will have a downward structure. In this case, the potential target is 0.9729.

The main trend is the upward structure of September 21.

Trading recommendations:

Buy: 0.9855 Take profit: 0.9905

Buy: Take profit:

Sell: 0.9812 Take profit: 0.9785

Sell: 0.9783 Take profit: 0.9760

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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 the key support for the downward structure of September 27. Its price will have the formation of the initial conditions for the upward cycle. In this case, the 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: 132.44, 131.93, 131.56, 130.94, 130.34, 129.97 and 129.43. Here, we are following the downward structure of September 25th. The downward movement is expected after breakdown of 130.94. In this case, the target is 130.34 and in the range of 130.34 - 129.97 is the short-term movement, as well as the consolidation. The potential value for the bottom is considered the level of 129.43, after reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 131.56 - 131.93 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 132.44 and this level is a key support for the downward structure. Its breakdown will have to develop the ascending structure. In this case, the potential target is 133.10.

The main trend is the downward structure of September 25.

Trading recommendations:

Buy: 131.56 Take profit: 131.90

Buy: 131.95 Take profit: 132.40

Sell: 130.90 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: 149.00, 148.50, 148.01, 146.84, 145.89, 144.86 and 144.11. Here, we are following the downward structure of September 21 as the main structure. The continuation of the downward movement is expected after the breakdown of 146.84. Here, the target is 145.89, near this level is the consolidation. The breakdown of 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.

The short-term upward movement is possible in the range of 148.01 - 148.50 and the breakdown of the latter value will lead to a deep correction. Here, the target is 149.00 and this level is the key support for the downward structure.

The main trend is the downward structure of September 21.

Trading recommendations:

Buy: 148.01 Take profit: 148.50

Buy: 148.60 Take profit: 149.00

Sell: 146.80 Take profit: 146.00

Sell: 145.85 Take profit: 145.00

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