Fractal analysis of major currency pairs on March 12

Dear colleagues.

For the currency pair Euro / Dollar, we follow the formation of the initial conditions for the top of March 7 and the development of this structure is expected after the breakdown of 1.1270. For the currency pair Pound / Dollar, we are following the development of the upward structure of March 11 and the level of 1.3089 is the key support. For the currency pair Dollar / Franc, the price is in a correction; we expect further uptrend after the breakdown of 1.0106 and the level of 1.0058 is the key support. For the currency pair Dollar / Yen, we expect to continue moving downwards after the breakdown of 110.90 and the level of 111.65 is the key support. For the currency pair Euro / Yen, the price is in deep correction and the breakdown of 125.63 will lead to the formation of an upward structure. For the currency pair Pound / Yen, the price forms a pronounced ascending structure of March 11 and the level of 145.81 is the key support.

Forecast for March 12:

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 1.1360, 1.1345, 1.1317, 1.1300, 1.1270, 1.1244, 1.1227, 1.1202 and 1.1173. We are following the formation of the ascending structure of March 7. The movement upwards is expected after the breakdown of 1.1270. In this case, the target is 1.1300 and consolidation is near this level. The price passage of the range of 1.1300 - 1.1317 should be accompanied by a pronounced upward movement. The target is 1.1345. For now, the potential value for the top is considered the level of 1.1360, after reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is possible in the area of 1.1244 - 1.1227 and the breakdown of the last value will lead to a prolonged correction. The goal is 1.1202 and this level is the key support for the upward structure. Its price will have the formation of local initial conditions for the continuation of the downward trend - 1.1173.

The main trend is the formation of initial conditions for the top of March 7.

Trading recommendations:

Buy 1.1272 Take profit: 1.1300

Buy 1.1317 Take profit: 1.1344

Sell: 1.1244 Take profit: 1.1228

Sell: 1.1225 Take profit: 1.1204

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For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3462, 1.3387, 1.3330, 1.3552, 1.3180, 1.3149, 1.3089 and 1.3008. We are following the development of the ascending structure of March 11. The continuation of the movement upward is expected after the breakdown of 1.3252. In this case, the target is 1.3330 and the breakdown of which will lead to a short-term movement in the range of 1.3330 - 1.3387. The potential value for the top is considered the level of 1.3462, upon reaching this level, we expect a rollback down.

The short-term downward movement is expected in the area of 1.3180 - 1.3149 and the breakdown of the last value will lead to an in-depth correction. The target is 1.3090 and this level is the key support for the upward structure of March 11.

The main trend is the upward structure of March 11.

Trading recommendations:

Buy: 1.3252 Take profit: 1.3330

Buy: 1.3335 Take profit: 1.3385

Sell: 1.3180 Take profit: 1.3150

Sell: 1.3147 Take profit: 1.3105

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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 of February 28, and so far there are no pronounced initial conditions for the downward movement. The short-term upward movement is expected in the area of 1.0124 - 1.0141 and the breakdown of the last value will allow expecting a movement towards a potential target - 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 latter value will have to form 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: 1.0124 Take profit: 1.0140

Buy: 1.0141 Take profit: 1.0180

Sell: 1.0084 Take profit: 1.0060

Sell: 1.0055 Take profit: 1.0027

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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 continue to monitor the formation of the initial conditions for the downward movement of March 5. At the moment, the price is in the correction zone. A 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 111.37 - 111.65, hence we expect a key reversal downwards. The breakdown of the level of 111.65 will have the formation of the initial conditions for the top. The potential target is 112.07.

The main trend is the formation of the initial conditions for the bottom of March 5.

Trading recommendations:

Buy: 111.40 Take profit: 111.65

Buy: 111.68 Take profit: 112.05

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 consolidated 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 upward cycle of March 1, the stage of correction.

Trading recommendations:

Buy: 1.3485 Take profit: 1.3555

Buy: 1.3557 Take profit: 1.3595

Sell: Take profit:

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. The price is in deep correction from the downward trend, and so far we have not observed pronounced initial conditions for the top. 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.

Before the range of 0.7072 - 0.7088, we expect the initial conditions for the ascending cycle. The breakdown of the level of 0.7090 will allow us to count on the development of a pronounced movement. The potential target is 0.7126.

The main trend is the downward cycle of February 27, the stage of deep correction.

Trading recommendations:

Buy: 0.7072 Take profit: 0.7084

Buy: 0.7090 Take profit: 0.7124

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. The price is in deep correction from the downward structure on March 1. 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 125.35 - 125.63 and the latter 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 goal is 126.03.

The main trend is the downward structure of March 1, the stage of deep correction.

Trading recommendations:

Buy: 125.65 Take profit: 126.00

Buy: Take profit:

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 150.25, 149.26, 148.56, 147.59, 147.01, 146.53, 145.81 and 144.79. We are following the formation of the ascending structure of March 11. An upward movement is expected after the breakdown of 147.59. In this case, the target is 148.56 and the breakdown of which will allow us to count on a short-term upward movement in the range of 148.56 - 149.26. The potential value for the top is considered the level of 150.25, upon reaching this level, we expect a rollback to the top.

The short-term downward movement is possible in the area of 147.01 - 146.53 and the breakdown of the latter value will lead to an in-depth correction. The goal is 145.81 and this level is the key support for the upward structure. Its price will have the formation of initial conditions for the downward movement of 144.79.

The main trend is the formation of the ascending structure of March 11.

Trading recommendations:

Buy: 147.70 Take profit: 148.56

Buy: 148.60 Take profit: 149.25

Sell: 147.00 Take profit: 146.55

Sell: 146.48 Take profit: 145.85

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