Fractal analysis for major currency pairs for October 12

Outlook on October 12:

Analytical overview of major pairs on the H1 TF:

analytics5f841135382e1.jpg

The key levels for the euro/dollar pair on the H1 chart are 1.1939, 1.1904, 1.1878, 1.1835, 1.1797, 1.1774, 1.1748 and 1.1696. The local bullish structure from October 2 is being monitored here. Moreover, the growth of the pair is expected to continue after breaking through the level of 1.1835. In this case, the target is 1.1878. There is a short-term decline and consolidation in the range of 1.1878 - 1.1904. For the potential value for the top, we consider the level 1.1939; upon reaching which, a downward pullback is expected.

A short-term decline is expected in the range of 1.1797 - 1.1774. If the last value breaks down, it will lead to a deep correction. Here, the target is 1.1748, which is the key support for the top.

The main trend is the local structure of October 2

Trading recommendations:

Buy: 1.1835 Take profit: 1.1878

Buy: 1.1879 Take profit: 1.1904

Sell: 1.1797 Take profit: 1.1775

Sell: 1.1773 Take profit: 1.1750

analytics5f8411504417d.jpg

The key levels for the pound/dollar pair are 1.3250, 1.3170, 1.3107, 1.3064, 1.3016, 1.2976 and 1.2908. Here, we are following the development of the upward structure from September 25. Now, a short-term growth is expected in the range of 1.3064 - 1.3107. If the last value breaks down, we can continue to the next level of 1.3170. Price consolidation is near this level. On the other hand, we consider the level of 1.3250 as a potential level for the top. Upon reaching which, we expect a downward pullback.

A short-term decline is expected in the range of 1.3016 - 1.2976. If the last value breaks down, it will lead to a deep correction. Here, the potential target is 1.2908, which is the key support for the top.

The main trend is the upward structure from September 25

Trading recommendations:

Buy: 1.3064 Take profit: 1.3106

Buy: 1.3109 Take profit: 1.3168

Sell: 1.3016 Take profit: 1.2977

Sell: 1.2975 Take profit: 1.2908

analytics5f84117926786.jpg

The key levels for the dollar/franc pair are 0.9211, 0.9174, 0.9145, 0.9103, 0.9075, 0.9033, 0.9009 and 0.8960. The development of the descending structure from September 25 is being followed here. Moreover, a short-term decline and consolidation is expected in the range of 0.9103 - 0.9075. Breaking through the last value will lead to the development of a strong decline. Here, the target is 0.9033 and price consolidation is in the range of 0.9033 - 0.9009. For the potential value for the bottom, we consider the level of 0.8960. The movement to which is expected after breaking through the level of 0.9009.

A short-term growth is possible in the range of 0.9145 - 0.9174. In case of breakdown of the last value, it will lead to a deep correction. The potential target here is 0.9211, which is a key support for the bottom.

The main trend is the descending structure from September 25

Trading recommendations:

Buy : 0.9145 Take profit: 0.9174

Buy : 0.9176 Take profit: 0.9210

Sell: 0.9075 Take profit: 0.9035

Sell: 0.9031 Take profit: 0.9010

analytics5f84118a3ed27.jpg

The key levels for the dollar/yen are 106.91, 106.73, 106.45, 106.26, 105.94, 105.74, 105.41, 105.19 and 105.05. The development of the upward cycle from October 2 is being followed here. At the moment, the price is in correction. Moreover, a short-term growth is expected in the range of 105.74 - 105.94, breaking through the last value will lead to a strong rise. Here, the first target is 106.26. On the other hand, there is a short-term upward movement and consolidation in the range of 106.26 - 106.45. As a potential value for the top, we consider the level 106.91. We can move to this level after breaking through the level of 106.45.

A key support for the upward structure of October 2 is the level of 105.41 and its breakdown will encourage the development of a downward trend. Here, the potential target is 105.19. Meanwhile, there is consolidation in the range of 105.19 - 105.05.

The main trend is the upward structure from October 2, correction stage

Trading recommendations:

Buy: 105.75 Take profit: 105.90

Buy : 105.95 Take profit: 106.25

Sell: 105.40 Take profit: 105.20

Sell: 105.17 Take profit: 105.05

analytics5f84119e0ed93.jpg

The key levels for the USD/CAD pair are 1.3274, 1.3232, 1.3210, 1.3179, 1.3110, 1.3057 and 1.3017. Here, we are following the development of the downtrend cycle from September 29. The decline is expected to continue after breaking through the level of 1.3110. In this case, the next target is 1.3057. For the potential value for the downward trend, we consider the level of 1.3017. Upon reaching which, consolidation and upward pullback is expected.

On the other hand, correction is expected to end after breaking through the level of 1.3180. The next target is 1.3210. On the other hand, the range of 1.3210 - 1.3232 is the key support for the downward structure and the price passing this level will lead to the formation of initial conditions for the upward cycle. In this case, the first target is 1.3274.

The main trend is the descending structure from September 29

Trading recommendations:

Buy: 1.3180 Take profit: 1.3210

Buy : 1.3233 Take profit: 1.3274

Sell: 1.3110 Take profit: 1.3060

Sell: 1.3055 Take profit: 1.3017

analytics5f8411b015409.jpg

The key levels for the AUD/USD pair are 0.7326, 0.7277, 0.7243, 0.7190, 0.7151, 0.7128 and 0.7092. The upward structure from September 25 is being followed here. Now, a short-term growth is expected in the range of 0.7243 - 0.7277. For the potential value for the top, we consider the level of 0.7326. Upon reaching which, we expect a downward pullback.

The level of 0.7190 is the key support for the top and the price passing this level will lead to the development of a deep correction. The next target is 0.7151. The range of 0.7151 - 0.7128 is the main support for the upward trend and the price passing this level will encourage the formation of initial conditions for a downward cycle. Here, the first potential target is 0.7092.

The main trend is the upward structure from September 25

Trading recommendations:

Buy: 0.7245 Take profit: 0.7275

Buy: 0.7278 Take profit: 0.7326

Sell : 0.7190 Take profit : 0.7154

Sell: 0.7126 Take profit: 0.7092

analytics5f8411cb72c91.jpg

The key levels for the euro/yen pair are 126.40, 125.96, 125.28, 124.88, 124.48, 124.22 and 123.80. Here, we are following the development of the rising structure from October 2. A short-term growth, in turn, is expected in the range of 124.88 - 125.28. If the last value breaks down, it will lead to the development of a strong movement. The target here is 125.96. As a potential value for the top, we consider the level of 126.40. Upon reaching which, we expect consolidation and downward pullback.

A short-term decline is possible in the range of 124.48 - 124.22. If the last value breaks down, it will lead to a deep correction. Here, the target is 123.80, which is a key support for the top.

The main trend is the local upward structure of October 2

Trading recommendations:

Buy: 124.88 Take profit: 125.27

Buy: 125.30 Take profit: 125.96

Sell: 124.22 Take profit: 123.80

Sell: 123.75 Take profit: 123.00

analytics5f8411e88ff67.jpg

The key levels for the pound/yen pair are 139.86, 139.26, 138.27, 137.88, 137.23, 136.70 and 135.94. The following targets from the local upward structure on October 2 are determined here. Meanwhile, a short-term upward movement is expected in the range of 137.88 - 138.27. If the last value breaks down, it will lead to a strong growth. Here, the target is 139.26. For the potential value for the top, we consider the level of 139.86. Upon reaching which, we expect consolidation and downward pullback.

A short-term downward movement is expected in the range of 137.23 - 136.70. In case of breakdown of the last value, it will lead to a deep correction. Here, the target is 135.94, which is the key support for the top.

The main trend is the medium-term upward structure from September 23, as well as the local structure for the top from October 2

Trading recommendations:

Buy: 137.88 Take profit: 138.26

Buy: 138.35 Take profit: 139.26

Sell: 137.23 Take profit: 136.72

Sell: 136.65 Take profit: 136.10

The material has been provided by InstaForex Company - www.instaforex.com