Fractal analysis of the main currency pairs on October 1

Forecast for October 1:

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: 1.0966, 1.0940, 1.0918, 1.0880, 1.0839, 1.0811 and 1.0761. Here, we continue to monitor the development of the descending structure of September 13. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.0880. In this case, the target is 1.0839. Short-term downward movement, as well as consolidation is in the range of 1.0839 - 1.0811. For the potential value for the bottom, we consider the level of 1.0761. Upon reaching this level, we expect a rollback to the top.

Short-term upward movement is possibly in the range of 1.0918 - 1.0940. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.0966. This level is a key support for the bottom.

The main trend is the descending structure of September 13.

Trading recommendations:

Buy: 1.0918 Take profit: 1.0940

Buy 1.0941 Take profit: 1.0965

Sell: 1.0880 Take profit: 1.0840

Sell: 1.0837 Take profit: 1.0813

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For the pound / dollar pair, the key levels on the H1 scale are: 1.2448, 1.2395, 1.2362, 1.2362, 1.2286, 1.2258 and 1.2203. Here, we are following the development of the descending structure of September 20. Short-term downward movement is expected in the range 1.2286 - 1.2258. The breakdown of the last value will lead to movement to a potential target - 1.2203. When this level is reached, we expect a pullback to the top.

Short-term upward movement is expected in the range 1.2362 - 1.2395. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.2448. This level is a key support for the downward structure.

The main trend is the descending structure of September 20.

Trading recommendations:

Buy: 1.2362 Take profit: 1.2395

Buy: 1.2397 Take profit: 1.2446

Sell: 1.2286 Take profit: 1.2260

Sell: 1.2256 Take profit: 1.2204

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For the dollar / franc pair, the key levels on the H1 scale are: 1.0054, 1.0037, 1.0007, 0.9985, 0.9954, 0.9935 and 0.9908. Here, we continue to monitor the development of the ascending structure of September 24. Short-term upward movement is expected in the range of 0.9985 - 1.0007. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.0037. For the potential value for the top, we consider the level of 1.0054. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is possibly in the range of 0.9954 - 0.9935. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 0.9908. This level is a key support for the top.

The main trend is the ascending structure of September 24.

Trading recommendations:

Buy : 0.9985 Take profit: 1.0005

Buy : 1.0009 Take profit: 1.0035

Sell: 0.9954 Take profit: 0.9937

Sell: 0.9933 Take profit: 0.9910

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For the dollar / yen pair, the key levels on the scale are : 108.84, 108.59, 108.24, 108.07, 107.79, 107.65 and 107.41. Here, we are following the development of the ascending structure of September 24. Short-term upward movement is expected in the range 108.07 - 108.24. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 108.59. Price consolidation is near this level. For the potential value for the top, we consider the level of 108.84. Upon reaching this value, we expect a pullback to the bottom.

Short-term downward movement is expected after the breakdown of the last value in the range of 107.79 - 107.65, which will lead to an in-depth correction. Here, the goal is 107.41. This level is the key support for the top.

The main trend: the ascending structure of September 24.

Trading recommendations:

Buy: 108.08 Take profit: 108.24

Buy : 108.26 Take profit: 108.57

Sell: 107.79 Take profit: 107.66

Sell: 107.63 Take profit: 107.44

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3304, 1.3286, 1.3262, 1.3247, 1.3203, 1.3174, 1.3157 and 1.3131. Here, we are following the development of the descending structure of September 23. The continuation of the movement to the bottom is expected after the breakdown of the level of 1.3203. In this case, the target is 1.3174. Price consolidation is in the range of 1.3174 - 1.3157. For the potential value for the bottom, we consider the level of 1.3131. Upon reaching this level, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 1.3247 - 1.3262. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3286. This level is a key support for the top. Its breakdown will lead to the development of an upward structure. In this case, the potential target is 1.3304.

The main trend is the descending structure of September 23.

Trading recommendations:

Buy: 1.3247 Take profit: 1.3260

Buy : 1.3264 Take profit: 1.3286

Sell: 1.3203 Take profit: 1.3175

Sell: 1.3173 Take profit: 1.3158

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For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6822, 0.6797, 0.6782, 0.6745, 0.6732, 0.6705 and 0.6683. Here, we are following the development of the downward cycle of September 13. Short-term downward movement is possibly in the range 0.6745 - 0.6732. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 0.6705. Price consolidation is near this value. For the potential value for the bottom, we consider the level of 0.6683. Upon reaching which, we expect a departure in the correction.

Short-term upward movement is possibly in the rangge of 0.6782 - 0.6797. The breakdown of the last value will lead to a long correction. Here, the potential target is 0.6822. This level is a key support for the downward structure.

The main trend is the downward cycle of September 13.

Trading recommendations:

Buy: 0.6782 Take profit: 0.6795

Buy: 0.6797 Take profit: 0.6820

Sell : 0.6745 Take profit : 0.6734

Sell: 0.6730 Take profit: 0.6707

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For the euro / yen pair, the key levels on the H1 scale are: 119.02, 118.57, 118.28, 117.73, 117.51, 117.10 and 116.73. Here, the price canceled the formation of the potential for the top. As a result, we expect the development of the downward structure of September 18. The continuation of the movement to the bottom is expected after the price passes the noise range 117.73 - 117.51. In this case, the target is 117.10. For the potential value for the bottom, we consider the level of 116.73. Upon reaching this value, we expect a rollback to the top.

Short-term upward movement is possibly in the range 118.28 - 118.57. The breakdown of the latter value will lead to in-depth movement. Here, the goal is 119.02. This level is a key support for the downward structure.

The main trend is the descending structure of September 18.

Trading recommendations:

Buy: 118.28 Take profit: 118.55

Buy: 118.60 Take profit: 119.00

Sell: 117.50 Take profit: 117.10

Sell: 117.08 Take profit: 116.73

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For the pound / yen pair, the key levels on the H1 scale are : 135.81, 134.58, 134.03, 133.06, 132.42, 131.45, 130.78 and 129.88. Here, we are following the development of the descending structure of September 20. Short-term movement to the bottom is expected in the range 133.06 - 132.42. The breakdown of the latter value should be accompanied by a pronounced downward movement. In this case, the target is 131.45. Price consolidation is in the range of 131.45 - 130.78. We consider the level of 129.88 to be a potential value for the downward movement. Upon reaching this level, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 134.03 - 134.58. The breakdown of the latter value will lead to the formation of an upward structure. In this case, the potential target is 135.81.

The main trend is the formation of the downward structure of September 20.

Trading recommendations:

Buy: 134.03 Take profit: 134.55

Buy: 134.60 Take profit: 135.80

Sell: 132.40 Take profit: 131.45

Sell: 131.43 Take profit: 130.80

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