Fractal analysis of the main currency pairs for September 2

Forecast for September 2:

Analytical review of currency pairs on the scale of H1:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1040, 1.1012, 1.0996, 1.0960, 1.0948 and 1.0922. Here, we continue to monitor the descending structure of August 26. The continuation of the movement to the bottom is expected after the price passes the noise range 1.0960 - 1.0948. In this case, the potential target is 1.0922. When this level is reached, we expect a pullback to the top.

Short-term upward movement is expected in the range of 1.0996 - 1.1012. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1040. This level is a key support for the downward structure.

The main trend is the downward cycle of August 26.

Trading recommendations:

Buy 1.0996 Take profit: 1.1010

Buy 1.1014 Take profit: 1.1040

Sell: 1.0948 Take profit: 1.0922

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For the pound / dollar pair, the key levels on the H1 scale are: 1.2252, 1.2200, 1.2177, 1.2113, 1.2063, 1.2028 and 1.1977. Here, we follow the development of the descending structure of August 27. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.2113. In this case, the target is 1.2063. Short-term downward movement, as well as consolidation is in the range of 1.2063 - 1.2028. For the potential value for the bottom, we consider the level of 1.1977. Upon reaching which, we expect a pullback to the top.

Short-term upward movement is expected in the range of 1.2177 - 1.2200. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2252. This level is a key support for the downward structure.

The main trend is the descending structure of August 27.

Trading recommendations:

Buy: 1.2177 Take profit: 1.2200

Buy: 1.2203 Take profit: 1.2252

Sell: 1.2113 Take profit: 1.2065

Sell: 1.2061 Take profit: 1.2030

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For the dollar / franc pair, the key levels on the H1 scale are: 1.0025, 0.9980, 0.9958, 0.9920, 0.9877, 0.9856 and 0.9822. Here, we continue to monitor the ascending structure of August 26. The continuation of the movement to the top is expected after the breakdown of the level of 0.9920. In this case, the target is 0.9958. Price consolidation is in the range of 0.9958 - 0.9980. For the potential value for the top, we consider the level of 1.0025. Upon reaching this value, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 0.9877 - 0.9856. The breakdown of the latter value will lead to in-depth movement. Here, the target is 0.9822. This level is a key support for the top.

The main trend is the ascending structure of August 26.

Trading recommendations:

Buy : 0.9920 Take profit: 0.9958

Buy : 0.9980 Take profit: 1.0025

Sell: 0.9877 Take profit: 0.9857

Sell: 0.9854 Take profit: 0.9822

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For the dollar / yen pair, the key levels on the scale are : 107.88, 107.14, 106.87, 106.52, 105.65, 105.37, 104.92 and 104.44. Here, we are following the development of the ascending structure of August 26. The continuation of the movement to the top is expected after the breakdown of the level of 106.52. In this case, the target is 106.87, where consolidation is near this level. The passage at the price of the noise range 106.87 - 107.14 should be accompanied by a pronounced upward movement. Here, the potential target is 107.88. Consolidation is near this level.

Short-term downward movement is possibly in the range of 105.65 - 105.37. The breakdown of the latter value will lead to the development of a downward structure. In this case, the first goal is 104.92. For the potential value for the bottom, we consider the level of 104.44. Consolidation is near this level.

The main trend: the ascending structure of August 26.

Trading recommendations:

Buy: 106.52 Take profit: 106.85

Buy : 107.15 Take profit: 107.88

Sell: 105.35 Take profit: 104.94

Sell: 104.90 Take profit: 104.46

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3408, 1.3379, 1.3357, 1.3328, 1.3318, 1.3275, 1.3259, 1.3241 and 1.3217. Here, the price forms a pronounced potential for the upward movement of August 27. The continuation of the development of the upward trend is expected after the price passes the noise range 1.3318 - 1.3328. In this case, the target is 1.3357. Short-term downward movement, as well as consolidation is in the range of 1.3357 - 1.3379. For the potential value for the top, we consider the level of 1.3408. Upon reaching this value, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 1.3275 - 1.3259. The breakdown of the last value will lead to a long correction. Here, the target is 1.3241. This level is a key support for the upward structure. Its passage at the price will lead to the development of a downward movement. In this case, the first potential target is 1.3217.

The main trend is the rising structure of August 27.

Trading recommendations:

Buy: 1.3328 Take profit: 1.3357

Buy : 1.3359 Take profit: 1.3377

Sell: 1.3275 Take profit: 1.3262

Sell: 1.3257 Take profit: 1.3241

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For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6755, 0.6742, 0.6714, 0.6704, 0.6689, 0.6681 and 0.6663. Here, we follow the development of the downward cycle of August 26. Short-term downward movement is expected in the range 0.6714 - 0.6704. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 0.6689. Price consolidation is in the range of 0.6689 - 0.6681. For the potential value for the bottom, we consider the level of 0.6663. Upon reaching which, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 0.6742 - 0.6755. The breakdown of the latter value will lead to the development of initial conditions for the top. In this case, the potential target is 0.6786.

The main trend is the descending structure of August 26.

Trading recommendations:

Buy: 0.6742 Take profit: 0.6755

Buy: 0.6757 Take profit: 0.6780

Sell : 0.6704 Take profit : 0.6690

Sell: 0.6680 Take profit: 0.6664

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For the euro / yen pair, the key levels on the H1 scale are: 117.31, 117.00, 116.79, 116.44, 116.19, 115.81 and 115.59. Here, we follow the development of the descending structure of August 26. Short-term downward movement is expected in the range of 116.44 - 116.19. The breakdown of the last value should be accompanied by a pronounced movement to the level of 115.81. For the potential value for the bottom, we consider the level of 115.59. Upon reaching which, we expect consolidation in the range of 115.81 - 115.59, as well as a rollback to the top.

Short-term upward movement is expected in the range of 116.79 - 117.00. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 117.31. This level is a key support for the bottom.

The main trend is the downward cycle of August 26.

Trading recommendations:

Buy: 116.79 Take profit: 117.00

Buy: 117.02 Take profit: 117.31

Sell: 116.44 Take profit: 116.20

Sell: 116.17 Take profit: 115.81

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For the pound / yen pair, the key levels on the H1 scale are : 133.74, 132.73, 132.17, 131.23, 130.57, 129.00 and 128.12. Here, the price has entered an equilibrium state. Short-term upward movement is expected in the range 130.57 - 131.23. The breakdown of the latter value will lead to a pronounced upward movement. Here, the target is 132.17. Short-term upward movement, as well as consolidation is in the range of 132.17 - 132.73. For the potential value for the top, we consider the level of 133.74. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

The range of 129.00 - 128.12 is the key support for the ascending structure of August 12. The breakdown of the level of 128.12 will favor the development of the downward movement. In this case, the first potential target is 126.48.

The main trend is the equilibrium state.

Trading recommendations:

Buy: 130.58 Take profit: 131.23

Buy: 131.26 Take profit: 132.17

Sell: 128.96 Take profit: 128.12

Sell: 128.10 Take profit: 126.55

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