Fractal analysis of the main currency pairs for September 5

Forecast for September 5:

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: 1.1122, 1.1097, 1.1047, 1.1008, 1.0987, 1.0960 and 1.0926. Here, we follow the development of the ascending structure of September 3. The continuation of the movement to the top is expected after the breakdown of the level of 1.1047. In this case, the target is 1.1097. For the potential value for the upward trend, we consider the level of 1.1122. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

We expect consolidated movement in the range of 1.1008 - 1.0987. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.0960. This level is a key support for the upward structure. Its passage at the price will lead to the formation of a local descending structure. In this case, the first target is 1.0926.

The main trend is the formation of the upward potential of September 3.

Trading recommendations:

Buy: 1.1047 Take profit: 1.1095

Buy 1.1098 Take profit: 1.1120

Sell: 1.1008 Take profit: 1.0988

Sell: 1.0985 Take profit: 1.0960

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For the pound / dollar pair, the key levels on the H1 scale are: 1.2408, 1.2344, 1.2310, 1.2259, 1.2218, 1.2190 and 1.2141. Here, we follow the development of the upward cycle of September 3. The continuation of the movement to the top is expected after the breakdown of the level of 1.2259. In this case, the target is 1.2310. Short-term upward movement, as well as consolidation is in the range of 1.2310 - 1.2344. For the potential value for the top, we consider the level of 1.2408. Upon reaching this value, we expect a pullback to the bottom.

Short-term downward movement is expected in the range of 1.2218 - 1.2190. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2141. This level is a key support for the upward cycle.

The main trend is the upward cycle of September 3.

Trading recommendations:

Buy: 1.2260 Take profit: 1.2310

Buy: 1.2312 Take profit: 1.2344

Sell: 1.2218 Take profit: 1.2191

Sell: 1.2188 Take profit: 1.2142

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For the dollar / franc pair, the key levels on the H1 scale are: 0.9866, 0.9838, 0.9822, 0.9793, 0.9770, 0.9754 and 0.9725. Here, we follow the development of the descending structure of September 3. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9793. In this case, the target is 0.9770. Price consolidation is in the range of 0.9770 - 0.9754. For the potential value for the bottom, we consider the level of 0.9725. The movement to which is expected after the breakdown of the level of 0.9754.

Short-term upward movement is possibly in the range of 0.9822 - 0.9838. The breakdown of the latter value will lead to in-depth movement. Here, the target is 0.9866. This level is a key support for the bottom.

The main trend is the descending structure of September 3.

Trading recommendations:

Buy : 0.9822 Take profit: 0.9836

Buy : 0.9839 Take profit: 0.9864

Sell: 0.9793 Take profit: 0.9770

Sell: 0.9754 Take profit: 0.9727

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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, the situation is in equilibrium. 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 equilibrium state.

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: 1.3286, 1.3259, 1.3240, 1.3212, 1.3176 and 1.3155. Here, the price forms a pronounced medium-term downward structure from September 3. The continuation of the movement to the bottom is expected after the price passes the noise range 1.3212 - 1.3198. In this case, the target is 1.3176. For the potential value for the bottom, we consider the level of 1.3155. Before this value, we expect a pronounced structure of the initial conditions.

Short-term upward movement is possibly in the range of 1.3240 - 1.3259. The breakdown of the last value will lead to a long correction. Here, the target is 1.3286. This level is a key support for the upward structure.

The main trend is the formation of a medium-term downward structure from September 3.

Trading recommendations:

Buy: 1.3240 Take profit: 1.3257

Buy : 1.3261 Take profit: 1.3286

Sell: 1.3198 Take profit: 1.3176

Sell: 1.3174 Take profit: 1.3155

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For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6839, 0.6821, 0.6808, 0.6791, 0.6781, 0.6767 and 0.6750. Here, we follow the development of the ascending structure of September 3. Short-term upward movement is expected in the range of 0.6808 - 0.6821. The breakdown of the latter value will allow us to expect movement to a potential target - 0.6839. We expect consolidation, as well as a pullback to the bottom near this level.

Short-term downward movement is possibly in the range of 0.6791 - 0.6781. The breakdown of the last value will lead to a long correction. Here, the potential target is 0.6767. This level is a key support for the top.

The main trend is the upward structure of September 3.

Trading recommendations:

Buy: 0.6808 Take profit: 0.6820

Buy: 0.6823 Take profit: 0.6839

Sell : 0.6790 Take profit : 0.6782

Sell: 0.6779 Take profit: 0.6768

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For the euro / yen pair, the key levels on the H1 scale are: 118.78, 118.34, 118.00, 117.53, 117.05, 116.79 and 116.46. Here, the price forms the expressed initial conditions for the top of September 3. The continuation of the development of the upward cycle is expected after the breakdown of the level of 117.53. In this case, the goal is 118.00. Short-term upward movement, as well as consolidation is in the range of 118.00 - 118.34. For the potential value for the top, we consider the level of 118.78. Upon reaching which, we expect a pullback to the bottom.

Short-term downward movement is expected in the range of 117.05 - 116.79. The breakdown of the latter value will lead to an in-depth correction. Here, the goal is 116.46. This level is a key support for the upward structure.

The main trend is the formation of initial conditions for the top of September 3.

Trading recommendations:

Buy: 117.55 Take profit: 118.00

Buy: 118.02 Take profit: 118.33

Sell: 117.05 Take profit: 116.82

Sell: 116.77 Take profit: 116.48

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For the pound / yen pair, the key levels on the H1 scale are : 134.17, 132.94, 132.18, 130.98, 129.59, 128.99 and 128.20. Here, we are following the formation of the initial conditions for the top of September 3. The continued development of the upward trend is expected after the breakdown of the level of 130.98. In this case, the target is 132.18. Short-term upward movement, as well as consolidation is in the range of 132.18 - 132.94. We consider the level of 134.17 to be a potential value for the top; upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 129.59 - 128.99. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 128.20. This level is a key support for the upward structure.

The main trend is the formation of initial conditions for the top of September 3.

Trading recommendations:

Buy: 131.00 Take profit: 132.10

Buy: 132.20 Take profit: 132.90

Sell: 129.59 Take profit: 129.00

Sell: 128.90 Take profit: 128.20

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