Fractal analysis of major currency pairs for January 11

Dear colleagues.

For the currency pair Euro / Dollar, the price is in the correction zone of the rising structure of January 2 and the level of 1.1451 is the key support. For the Pound / Dollar currency pair, we should continue the development of the ascending structure from January 2 after the breakdown of 1.2813. For the currency pair Dollar / Franc, the price forms a pronounced potential for the top of January 10. For the currency pair Dollar / Yen, the price is in the area of the descending structure of January 8 and we expect the continuation of the downward movement after the breakdown of 107.96. For the Euro / Yen currency pair, we expect a continuation of the upward movement after the breakdown of 125.15. For the currency pair Pound / Yen, we also continue to follow the development of the upward structure from January 3 and the level of 139.50 is the key resistance.

Forecast for January 11:

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 1.1660, 1.1625, 1.1578, 1.1554, 1.1516, 1.1492 and 1.1451. Here, the price is in correction from the upward structure on January 2. The short-term upward movement is possible in the range of 1.1554 - 1.1578 and the breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 1.1625. The potential value for the top is considered the level of 1.1660, after reaching which we expect a consolidated movement, as well as a departure to a correction.

The short-term downward movement is possible in the range of 1.1516 - 1.1492 and the breakdown of the latter value will lead to a prolonged movement. Here, the target is 1.1451 and this level is the key support for the top.

The main trend is the ascending structure of January 2.

Trading recommendations:

Buy 1.1578 Take profit: 1.1625

Buy 1.1627 Take profit: 1.1660

Sell: 1.1516 Take profit: 1.1495

Sell: 1.1490 Take profit: 1.1455

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For the Pound / Dollar currency pair, the key levels on the H1 scale are 1.2960, 1.2875, 1.2813, 1.2734, 1.2695 and 1.2645. Here, we are following the ascending structure of January 2. An upward movement is expected after the breakdown of 1.2813. In this case, the target is 1.2875 and in the range of 1.2813 - 1.2875 is the price consolidation. The potential value for the top is considered the level of 1.2960, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 1.2734 - 1.2695 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.2645 and this level is the key support for the top.

The main trend is the ascending structure of January 2.

Trading recommendations:

Buy: 1.2815 Take profit: 1.2870

Buy: 1.2877 Take profit: 1.2940

Sell: 1.2734 Take profit: 1.2698

Sell: 1.2690 Take profit: 1.2660

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For the Dollar / Frank currency pair, the key levels on the H1 scale are 0.9951, 0.9930, 0.9879, 0.9857, 0.9816, 0.9796 and 0.9767. Here, the price forms a pronounced ascending structure from January 10. The short-term upward movement is possible in the range of 0.9857 - 0.9879 and the breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 0.9930. The potential value for the top is considered the level of 0.9951, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.9816 - 0.9796 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.9767 and this level is the key support for the upward structure.

The main trend is the formation of the ascending structure from January 10.

Trading recommendations:

Buy: 0.9857 Take profit: 0.9876

Buy: 0.9882 Take profit: 0.9930

Sell: 0.9816 Take profit: 0.9798

Sell: 0.9794 Take profit: 0.9768

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For the Dollar / Yen currency pair, the key levels on the scale are 108.69, 108.47, 108.29, 107.96, 107.66 and 107.25. Here, we are following the descending structure of January 8. We expect the downward movement to continue after the breakdown of 107.96. In this case, the target is 107.66 and price consolidation is near this level. A potential value for the bottom is considered to be the level of 107.25, a pronounced movement to which is expected after the breakdown of 107.65.

The short-term upward movement is possible in the range of 108.29 - 108.47 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 108.69 and this level is the key support for the downward structure of January 8.

The main trend is the downward structure of January 8, the scale of the M30.

Trading recommendations:

Buy: 108.30 Take profit: 108.45

Buy: 108.49 Take profit: 108.69

Sell: 107.96 Take profit: 107.68

Sell: 107.64 Take profit: 107.27

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For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are 1.33.95, 1.3320., 1.3271, 1.3201, 1.3150 and 1.3065. Here, we continue to monitor the downward structure of December 31 and in the range of 1.3201 - 1.3150, we expect a short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 1.3065, after reaching which we expect a rollback to the correction.

The short-term upward movement is possible in the range of 1.3271 - 1.3320 and the breakdown of the latter value will lead to a deep correction. Here, the target is 1.3395 and this level is the key support for the downward structure.

The main trend is the downward cycle of December 31.

Trading recommendations:

Buy: 1.3271 Take profit: 1.3320

Buy: 1.3330 Take profit: 1.3395

Sell: 1.3201 Take profit: 1.3155

Sell: 1.3145 Take profit: 1.3070

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For the Australian dollar / dollar currency pair, the key levels on the H1 scale are 0.7313, 0.7270, 0.7207, 0.7131, 0.7102 and 0.7059. Here, we are following the ascending structure of January 3. The continuation of the upward movement is expected after the breakdown of 0.7207. In this case, the target is 0.7207. The potential value for the top is considered to be the level of 0.7313, after reaching which we expect a consolidated movement, as well as a departure to a correction.

The short-term downward movement is possible in the range of 0.7131 - 0.7102 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 0.7059 and this level is the key support for the upward structure.

The main trend is the ascending structure of January 3.

Trading recommendations:

Buy: 0.7207 Take profit: 0.7270

Buy: 0.7275 Take profit: 0.7310

Sell: 0.7131 Take profit: 0.7105

Sell: 0.7100 Take profit: 0.7065

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For the Euro / Yen currency pair, the key levels on the H1 scale are 127.22, 126.70, 125.79, 125.15, 124.22, 123.74 and 123.05. Here, we continue to monitor the ascending structure of January 3. An upward movement is expected after the breakdown of 125.15. In this case, the target is 125.79 and price consolidation is near this level. The breakdown of the level of 125.80 must be accompanied by a pronounced upward movement. Here, the goal is 126.70. The potential value for the top is considered the level of 127.22, after reaching which we expect a consolidated movement, as well as a rollback to the top.

The short-term downward movement is possible in the range of 124.22 - 123.74 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 123.05 and this level is the key support for the upward structure.

The main trend is the ascending structure of January 3.

Trading recommendations:

Buy: 125.15 Take profit: 125.76

Buy: 125.82 Take profit: 126.70

Sell: 124.20 Take profit: 123.78

Sell: 123.70 Take profit: 123.10

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For the Pound / Yen currency pair, the key levels on the H1 scale are 141.90, 140.50, 139.49, 137.49, 136.81 and 135.70. Here, we are following the development of the ascending structure of January 3. The continuation of the movement upward is expected after the breakdown of 139.50. In this case, the first target is 140.50 and consolidation is near this level. The potential value for the top is considered the level of 141.90, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 137.49 - 136.81 and the breakdown of the latter value will lead to an in-depth correction. Here, the goal is 135.70 and this level is the key support for the top.

The main trend is the ascending structure of January 3.

Trading recommendations:

Buy: 139.55 Take profit: 140.50

Buy: 140.55 Take profit: 141.60

Sell: 137.45 Take profit: 136.85

Sell: 136.75 Take profit: 136.00

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