Fractal analysis of major currency pairs for January 28

Dear colleagues.

For the currency pair Euro / Dollar, the price forms a pronounced ascending structure for the development of the trend of January 24. For the currency pair Pound / Dollar, we are following the rising structure from January 15 and we are expecting the continuation of the upward movement to wait for the passage at the price of the range of 1.3197 - 1.3245. For the currency pair Dollar / Franc, the price is in the correction zone from the rising structure on January 10 and we expect further uptrend after the breakdown of the level of 0.9984. For the currency pair Dollar / Yen, the price is in the correction zone and the level of 108.98 is the key support for the top. For the currency pair Euro / Yen, the price has issued a local structure for the top of January 24. For the currency pair Pound / Yen, the upward movement is expected after the breakdown of 144.90 and the potential value is considered the level of 146.68.

Forecast for January 28:

Analytical review of H1-scale currency pairs:

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For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1548, 1.1514, 1.1464, 1.1424, 1.1386, 1.1366 and 1.1337. Here, the price forms a pronounced potential for the upward movement of January 24. The continuation of the development of the upward movement is expected after the breakdown of 1.1424. In this case, the goal is 1.1464 and consolidation is near this level. The breakdown of the level of 1.1466 should be accompanied by a pronounced upward movement. Here, the goal is 1.1514. The potential value for the top is considered the level of 1.1548, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 1.1386 - 1.1366 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 1.1337 and this level is the key support for the top.

The main trend is the formation of the ascending structure of January 24.

Trading recommendations:

Buy 1.1425 Take profit: 1.1462

Buy 1.1466 Take profit: 1.1512

Sell: 1.1386 Take profit: 1.1366

Sell: 1.1364 Take profit: 1.1340

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For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3431, 1.3350, 1.3245, 1.3197, 1.3118, 1.3058 and 1.2981. Here, we continue to monitor the ascending structure of January 15. An upward movement is expected after the price passes the range of 1.3197 - 1.3245. In this case, the target is 1.3350, and consolidation is near this level. The potential value for the top is considered the level of 1.3431, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 1.3118 - 1.3058 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.2981 and this level is the key support for the upward structure.

The main trend is the local structure for the top of January 15.

Trading recommendations:

Buy: 1.3245 Take profit: 1.3350

Buy: 1.3353 Take profit: 1.3430

Sell: 1.3118 Take profit: 1.3060

Sell: 1.3055 Take profit: 1.2984

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For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0065, 1.0034, 0.9984, 0.9930, 0.9906, 0.9874 and 0.9847. Here, we continue to follow the development of the upward cycle from January 10. At the moment, the price is in correction. An upward movement is expected after the breakdown of 0.9984. In this case, the target is 1.0034. The potential value for the top is considered the level of 1.0065, after reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is possible in the range of 0.9930 - 0.9906 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.9874 and this level is the key support for the ascending structure. Its breakdown will lead to a movement to the level of 0.9847.

The main trend is the ascending structure of January 10, the stage of correction.

Trading recommendations:

Buy: 0.9986 Take profit: 1.0032

Buy: 1.0035 Take profit: 1.0065

Sell: 0.9930 Take profit: 0.9910

Sell: 0.9904 Take profit: 0.9880

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For the currency pair Dollar / Yen, the key levels on the scale of H1 are 110.33, 110.07, 109.81, 109.48, 109.26, 108.98 and 108.60. Here, the price is in the correction zone from the upward structure on January 10. We continue the upward movement after the breakdown of 109.81. In this case, the target is 110.07 and we consider the level of 110.33 as a potential value for the uptrend, upon reaching which we expect consolidation, as well as a downward rollback.

The short-term downward movement, as well as consolidation, are possible in the range of 109.48 - 109.26. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 108.98 and this level is the key support.

The main trend is the rising structure of January 10, the stage of correction.

Trading recommendations:

Buy: 109.81 Take profit: 110.05

Buy: 110.08 Take profit: 110.30

Sell: 109.46 Take profit: 109.26

Sell: 109.24 Take profit: 109.00

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For the currency pair Canadian dollar / Dollar, the key levels on the H1 scale are 1.3264, 1.3242, 1.3227, 1.3197, 1.3185, 1.3163 and 1.3141. Here, we are following the development of the downward cycle of January 24th. We expect the downward movement to continue after the price passes the range of 1.3197 - 1.3185. In this case, the target is 1.3163. The potential value for the downward movement is the level of 1.3141, after reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.3227 - 1.3242 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3264 and this level is the key support for the downward structure.

The main trend is the downward cycle of January 24th.

Trading recommendations:

Buy: 1.3227 Take profit: 1.3240

Buy: 1.3244 Take profit: 1.3260

Sell: 1.3185 Take profit: 1.3165

Sell: 1.3160 Take profit: 1.3141

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For the currency pair Australian dollar / Dollar, the key levels on the H1 scale are 0.7296, 0.7267, 0.7225, 0.7208, 0.7160, 0.7143 and 0.7119. Here, the price forms a pronounced ascending structure of January 25. The short-term upward movement is expected in the range of 0.7208 - 0.7225 and the breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 0.7267. The potential value for the bottom is considered the level of 0.7296, from which we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.7160 - 0.7143 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.7119 and this level is the key support for the upward structure.

The main trend is the formation of initial conditions for the top of January 25.

Trading recommendations:

Buy: 0.7208 Take profit: 0.7225

Buy: 0.7227 Take profit: 0.7265

Sell: 0.7160 Take profit: 0.7145

Sell: 0.7140 Take profit: 0.7122

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For the currency pair Euro / Yen, the key levels on the H1 scale are 127.22, 126.70, 125.79, 125.15, 123.74 and 123.05. Here, the price has issued a local structure to continue upwards movement on January 24. 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 125.80 should 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 123.74 - 123.05 and the breakdown of the latter value will have to form a downward structure. In this case, the potential target is 122.03, up to this level, we expect clearance of the expressed initial conditions for the downward cycle.

The main trend is the local ascending structure of January 24.

Trading recommendations:

Buy: 125.15 Take profit: 125.76

Buy: 125.82 Take profit: 126.70

Sell: 123.70 Take profit: 123.10

Sell: 123.05 Take profit: 122.10

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For the currency pair Pound / Yen, the key levels on the H1 scale are 146.68, 145.74, 144.86, 143.91, 143.36, 142.69 and 141.12. Here, we are following the development of the ascending structure of January 15. The continuation of the upward movement is expected after the breakdown of 144.86. In this case, the target is 145.74. The potential value for the top is considered the level of 146.68, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is possible in the range of 143.91 - 143.36 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 142.69 and the range of 142.69 - 142.12 is the key support for the top, and we expect the initial conditions for the downward cycle.

The main trend is the local ascending structure of January 15.

Trading recommendations:

Buy: 144.90 Take profit: 145.70

Buy: 145.75 Take profit: 146.65

Sell: 143.90 Take profit: 143.40

Sell: 143.30 Take profit: 142.70

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