Fractal analysis of major currency pairs on March 11

Dear colleagues.

For the currency pair Euro / Dollar, the price is in the correction and we expect clearance of a pronounced structure to the level of 1.1270. For the currency pair Pound / Dollar, a pronounced downward movement is expected after the breakdown of 1.2935 and we consider the upward movement as a correction. For the currency pair Dollar / Franc, the price is in the correction and we expect further upward movement after the breakdown of 1.0106. For the currency pair Dollar / Yen, the price forms the expressed initial conditions for the downward cycle of March 5. For the currency pair Euro / Yen, we mainly expect the development of the correction movement and the main development of the trend is expected after the breakdown of 124.25. For the currency pair Pound / Yen, we expect the downward movement after the breakdown of 144.00 and the potential is at the level of 142.94.

Forecast for March 11:

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 1.1270, 1.1227, 1.1192, 1.1159, 1.1136, 1.1088 and 1.1043. We continue to monitor the downward structure of February 28. At the moment, the price is in the correction. The downward movement is possible after the breakdown of 1.1192. The first target is 1.1159. The short-term downward movement is expected in the area of 1.1159 - 1.1136. The breakdown of the latter value will allow expecting a movement towards a potential goal of 1.1088, upon reaching this level, we expect consolidation. The potential value for the bottom is considered the level of 1.1043, after reaching which we expect a rollback to the top.

The short-term upward movement is possible in the area of 1.1227 - 1.1270, and we expect to see potential initial conditions for the top to the level of 1.1270

The main trend is the downward cycle of February 28, the stage of correction.

Trading recommendations:

Buy 1.1230 Take profit: 1.1270

Buy Take profit:

Sell: 1.1192 Take profit: 1.1160

Sell: 1.1134 Take profit: 1.1090

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For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3109, 1.3068, 1.3029, 1.2967, 1.2935 and 1.2866. We continue to monitor the downward structure of February 27. The short-term downward movement is expected in the range of 1.2967 - 1.2935 and the breakdown of the latter value should be accompanied by a pronounced downward movement. The potential target is 1.2866, from this level, we expect a rollback to the top.

The short-term upward movement is expected in the area of 1.3029 - 1.3068 and the breakdown of the last value will lead to a deep correction. The goal is 1.3109 and this level is the key support for the downward structure of February 27.

The main trend is the downward structure of February 27.

Trading recommendations:

Buy: 1.3030 Take profit: 1.3066

Buy: 1.3069 Take profit: 1.3109

Sell: 1.2967 Take profit: 1.2935

Sell: 1.2933 Take profit: 1.2868

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For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0180, 1.0141, 1.0124, 1.0106, 1.0084, 1.0058 and 1.0027. We continue to follow the upward cycle from February 28. At the moment, the price is in the correction. The movement upwards is expected after the breakdown of 1.0106. In this case, the target is 1.0124. The short-term upward movement is expected in the area of 1.0124 - 1.0141. The breakdown of the last value will allow expecting a movement towards a potential target of 1.0180, upon reaching this level, we expect a rollback downwards.

The short-term downward movement is possible in the area of 1.0084 - 1.0058 and the breakdown of the last value will have the formation of the initial conditions for the downward cycle. In this case, the goal is 1.0027.

The main trend is the upward cycle of February 28, the stage of correction.

Trading recommendations:

Buy: 1.0106 Take profit: 1.0124

Buy: 1.0141 Take profit: 1.0180

Sell: 1.0056 Take profit: 1.0030

Sell: Take profit:

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For the currency pair Dollar / Yen, the key levels on the scale of H1 are 111.65, 111.37, 111.22, 110.90, 110.69, 110.53, 110.26 and 110.10. We follow the downward structure of March 5 and consider it as initial conditions. The downward movement is expected after the breakdown of 110.90. In this case, the target is 110.69 and in the area of 110.69 - 110.53 is the short-term downward movement, as well as consolidation. The breakdown of the level of 110.53 should be accompanied by a pronounced downward movement. The goal is 110.26. The potential value for the bottom is considered the level of 110.10, after reaching which we expect a departure to the correction.

The short-term upward movement is possible in the area of 111.22 - 111.37 and the breakdown of the latter value will lead to a prolonged correction. The goal is 111.65 and this level is the key support for the downward structure.

The main trend is the downward structure of March 5.

Trading recommendations:

Buy: 111.22 Take profit: 111.35

Buy: 111.40 Take profit: 111.65

Sell: 110.90 Take profit: 110.69

Sell: 110.53 Take profit: 110.26

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For the currency pair Canadian Dollar / Dollar, the key levels on the H1 scale are 1.3595, 1.3555, 1.3485, 1.3458, 1.3414, 1.3386 and 1.3347. We continue to monitor the ascending structure of March 1. The movement upwards is expected after the price passes the range of 1.3458 - 1.3485. In this case, the target is 1.3555. The potential value for the top is considered the level of 1.3595, after reaching which we expect a departure to a correction.

The short-term downward movement is possible in the area of 1.3414 - 1.3386 and the breakdown of the latter value will lead to an in-depth correction. The target is 1.3347.

The main trend is the ascending cycle of March 1.

Trading recommendations:

Buy: 1.3485 Take profit: 1.3555

Buy: 1.3557 Take profit: 1.3595

Sell: 1.3414 Take profit: 1.3386

Sell: 1.3384 Take profit: 1.3347

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For the currency pair, Australian Dollar / Dollar the key levels on the H1 scale are 0.7088, 0.7072, 0.7051, 0.7026, 0.7010, 0.6978 and 0.6951. We continue to follow the development of the downward cycle of February 27. The short-term downward movement is expected in the area of 0.7026 - 0.7010 and the breakdown of the latter value will lead to the movement to the level of 0.6978, near which we expect consolidation. The potential value for a descending structure is considered the level of 0.6951, upon reaching this level, we expect a rollback to the top.

The exit from correction is expected after the breakdown of 0.7051. The goal is 0.7072 and the range of 0.7072 - 0.7088. We expect the initial conditions for the ascending cycle.

The main trend is the downward cycle of February 27.

Trading recommendations:

Buy: 0.7051 Take profit: 0.7070

Buy: 0.7072 Take profit: 0.7084

Sell: 0.7010 Take profit: 0.7980

Sell: 0.6976 Take profit: 0.6953

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For the currency pair Euro / Yen, the key levels on the H1 scale are 126.03, 125.63, 125.35, 125.11, 124.70, 124.44, 124.25 and 123.87. We are following the downward structure of March 1. At the moment, the price is in the correction. The downward movement is expected after the breakdown of the level of 124.65. In this case, the target is 124.44 and in the area of 124.44 - 124.25 is the price consolidation. The potential value for the bottom is considered the level of 123.87, after reaching which we expect a rollback to the top.

The short-term upward movement is possible in the area of 125.11 - 125.35 and the breakdown of the last value will lead to a prolonged correction. The goal is 125.63 and this level is the key support for the downward structure from March 1. Its breakdown will have to form the initial conditions for the upward cycle. In this case, the target is 126.03.

The main trend is the downward structure of March 1.

Trading recommendations:

Buy: 125.11 Take profit: 125.35

Buy: 125.37 Take profit: 125.60

Sell: 124.65 Take profit: 124.45

Sell: 124.25 Take profit: 123.90

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For the currency pair Pound / Yen, the key levels on the H1 scale are 145.57, 145.03, 144.71, 144.00, 143.48 and 142.94. We continue to follow the development of the downward cycle from March 1. The continuation of the downward movement is expected after the breakdown of 144.00. In this case, the goal is 143.48 and consolidation is near this level. The potential value for the bottom is considered the level of 142.94, after reaching which we expect a rollback to the top.

The short-term uptrend is possible in the area of 144.71 - 145.03 and the breakdown of the latter value will lead to an in-depth correction. The target is 145.57 and this level is the key support for the downward structure.

The main trend is the downward cycle of March 1.

Trading recommendations:

Buy: 144.71 Take profit: 145.03

Buy: 145.10 Take profit: 145.55

Sell: 144.00 Take profit: 143.55

Sell: 143.44 Take profit: 142.95

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