Fractal analysis of the main currency pairs on October 2

Forecast for October 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: 1.1007, 1.0991, 1.0966, 1.0944, 1.0880, 1.0839, 1.0811 and 1.0761. Here, the price is in correction and forms a small potential for the top of October 1. 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 1.0944 - 1.0966. The breakdown of the latter value will lead to the formation of expressed initial conditions for the subsequent development of the upward cycle. Here, the goal is 1.0991. Noise range - 1.0991 - 1.1007.

The main trend is the descending structure of September 13, the correction stage.

Trading recommendations:

Buy: 1.0945 Take profit: 1.0965

Buy 1.0967 Take profit: 1.0990

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: 1.2422, 1.2395, 1.2352, 1.2318, 1.2258, 1.2228, 1.2203 and 1.2156. Here, the price is in correction from the downward structure and forms a small potential for the top of October 1. Short-term upward movement is expected in the range of 1.2318 - 1.2352. The breakdown of the latter value will lead to the formation of expressed initial conditions for the upward cycle of October 1. Here, the target is 1.2395. Noise range 1.2395 - 1.2422.

Short-term downward movement is expected in the range 1.2258 - 1.2228. The breakdown of the latter value will lead to the subsequent development of a downward trend in the scale of H1. In this case, the first goal is 1.2203. For the potential value for the bottom, we consider the level of 1.2156. Upon reaching this level, we expect a pullback to the top.

The main trend is the descending structure of September 20, the correction stage.

Trading recommendations:

Buy: 1.2318 Take profit: 1.2350

Buy: 1.2353 Take profit: 1.2395

Sell: 1.2258 Take profit: 1.2230

Sell: 1.2226 Take profit: 1.2203

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For the dollar / franc pair, the key levels on the H1 scale are: 1.0016, 0.9980, 0.9957, 0.9942, 0.9908, 0.9884 and 0.9847. Here, the price forms a pronounced potential for the downward movement of October 1. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9908. In this case, the target is 0.9884. Price consolidation is near this level. The breakdown of the level of 0.9884 will lead to a pronounced movement to a potential target - 0.9847. We expect a pullback to the top from this level.

Short-term upward movement is possibly in the range of 0.9942 - 0.9957. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 0.9980. This level is a key support for the downward structure.

The main trend is the formation of potential for the bottom of October 1.

Trading recommendations:

Buy : 0.9942 Take profit: 0.9956

Buy : 0.9960 Take profit: 0.9980

Sell: 0.9908 Take profit: 0.9886

Sell: 0.9882 Take profit: 0.9850

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For the dollar / yen pair, the key levels on the scale are : 108.14, 107.96, 107.83, 107.61, 107.44, 107.32 and 107.01. Here, the price forms a pronounced potential for the downward movement of October 1. The continuation of movement to the bottom is expected after the breakdown of the level of 107.60. Here, the goal is 107.44. Price consolidation is near this level. Passing by the price of the noise range 107.44 - 107.32 will lead to the development of pronounced movement. Here, the potential target is 107.01. We expect a rollback to the top from this level.

Short-term upward movement is expected in the range of 107.83 - 107.96. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 108.14. This level is a key support for the downward structure.

The main trend: the formation of the downward potential of October 1.

Trading recommendations:

Buy: 107.83 Take profit: 107.96

Buy : 107.98 Take profit: 108.14

Sell: 107.60 Take profit: 107.45

Sell: 107.30 Take profit: 107.01

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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 : 0.6755, 0.6730, 0.6716, 0.6673, 0.6651, 0.6637 and 0.6607. Here, the subsequent goals for the downward movement we determine from the local downward cycle on September 24. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.6670. In this case, the target is 0.6651. Price consolidation is in the range of 0.6651 - 0.6637. For the potential value for the bottom, we consider the level of 0.6607. Upon reaching this level, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 0.6716 - 0.6730. The breakdown of the last value will lead to a long correction. Here, the potential target is 0.6755. This level is a key support for the downward structure.

The main trend is the downward cycle of September 13.

Trading recommendations:

Buy: 0.6716 Take profit: 0.6730

Buy: 0.6734 Take profit: 0.6755

Sell : 0.6670 Take profit : 0.6652

Sell: 0.6635 Take profit: 0.6607

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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, we expect the development of the descending 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 : 134.58, 133.36, 132.72, 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 131.45 - 130.78. The breakdown of the latter value will lead to movement to a potential target - 129.88, when this level is reached, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 132.72 - 133.36. The breakdown of the last value will lead to a long correction. Here, the target is 134.58. We also expect the formation of expressed initial conditions for the upward cycle to this level.

The main trend is the descending structure of September 20.

Trading recommendations:

Buy: 132.72 Take profit: 133.30

Buy: 133.40 Take profit: 134.55

Sell: 131.43 Take profit: 130.80

Sell: 130.74 Take profit: 129.90

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