Fractal analysis of major currency pairs on October 30

Dear colleagues.

For the Euro / Dollar currency pair, the price is in a correction from the downward structure on October 16 and we expect further development of the downward trend after the breakdown of 1.1346. For the Pound / Dollar currency pair, the potential value for the bottom is considered the level of 1.2719, from which we expect a rollback to the correction. For the Dollar / Franc currency pair, the upward trend continuation is expected after the breakdown of 1.0038. For the currency pair Dollar / Yen, the price forms the potential for the top of October 26. For the currency pair Euro / Yen, the price is in the correction and forms the potential for the top of October 26. For the Pound / Yen currency pair, we expect to register potential initial conditions for the upward movement in the correction zone.

Forecast for October 30:

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. At the moment, the price is in the correction. The short-term downward movement, as well as consolidation is expected in the range of 1.1380 - 1.1346. The potential value for the bottom is considered the level of 1.1299, the movement to which is expected 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, the stage of correction.

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 rising structure of October 15. At the moment, the price is in correction. The short-term upward movement is expected in the range of 1.0038 - 1.0066, as well as consolidation. The breakdown of the level 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 breaking 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 ascending structure of October 15, the stage of correction.

Trading recommendations:

Buy: 1.0040 Take profit: 1.0066

Buy: 1.0070 Take profit: 1.0108

Sell: 0.9960 Take profit: 0.9938

Sell: 0.9934 Take profit: 0.9916

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For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 113.46, 113.01, 112.64, 112.21, 111.95, 111.63 and 111.35. Here, the price forms the potential starting conditions for the top of October 26. The continuation of the upward movement is expected after the breakdown of 112.64. In this case, the target is 113.01 and the consolidation is near this level. The breakdown of the level of 113.01 will lead to the movement to the potential target of 113.46, from this level we expect a rollback to the correction.

The short-term downward movement is possible in the range of 112.21 - 111.95 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 111.63 and this level is the key support for the upward structure.

The main trend: the formation of potential for the top of October 26.

Trading recommendations:

Buy: 112.66 Take profit: 113.00

Buy: 113.05 Take profit: 113.42

Sell: 112.20 Take profit: 111.97

Sell: 111.92 Take profit: 111.68

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For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3269, 1.3222, 1.3191, 1.3168, 1.3122, 1.3060, 1.3029 and 1.2996. Here, we are following the local structure for the top of October 24th. The upward movement is expected after the breakdown of the level of 1.3122. In this case, the target is 1.3168 and in the range of 1.3168 - 1.3191 is the consolidation. The breakdown of the level of 1.3191 will lead to the movement to the level of 1.3222, near this level is the consolidation. The potential value for the top is considered the level of 1.3269, upon reaching which we expect a rollback to the correction.

The short-term downward movement, possibly in the range of 1.3060 - 1.3029, hence the probability of a reversal upwards. The breakdown of the level 1.3029 will lead to a prolonged correction. Here, the target is 1.2996.

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

Trading recommendations:

Buy: 1.3122 Take profit: 1.3166

Buy: 1.3192 Take profit: 1.3220

Sell: 1.3060 Take profit: 1.3033

Sell: 1.3027 Take profit: 1.2998

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For the Australian dollar / dollar currency pair, the key levels on the H1 scale are: 0.7189, 0.7167, 0.7136, 0.7110, 0.7062, 0.7040 and 0.7017. Here, the price forms the potential for the top of October 26. The short-term upward movement is possible in the range of 0.7110 - 0.7136 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 0.7167. The potential value for the top is considered to be the level of 0.7189, after reaching which we expect consolidation.

The short-term upward movement is possible in the range of 0.7062 - 0.7040 and the breakdown of the latter value will lead to the cancellation of the ascending structure from October 26. In this case, the first target is 0.7017.

The main trend is the formation of potential for the top of October 26.

Trading recommendations:

Buy: 0.7110 Take profit: 0.7134

Buy: 0.7138 Take profit: 0.7165

Sell: 0.7060 Take profit: 0.7040

Sell: 0.7038 Take profit: 0.7017

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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. At the moment, the price is in the correction and forms the potential for the top of October 26. 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, the stage of correction.

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, as well as consolidation 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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