FX.co ★ Fractal analysis of the main currency pairs on September 15

Dear colleagues.

For the EUR / USD pair, the continuation of the movement downwards is possible after the breakdown of 1.1864. At the moment, the price is in correction. For the GBP / USD pair, the movement towards the M30 scale to increase the dimension of the upward structure from September 14 is possible. For the USD / CHF pair, the continuation of the movement upward is expected after the breakdown of 0.9687. For the USD / JPY pair, the price is still in the correction area. On the whole, we expect the move towards 111.27. For the EUR / JPY pair, the continuation of the upward movement is possible after the breakdown of 132.08. For the GBP / JPY pair, the price is near the limit values with the subsequent goals for the top are not yet considered.

Forecast for September 15:

Analytical review of currency pairs in the scale of H1:

For the EUR / USD pair, the key levels on the scale of H1 are: 1.1990, 1.1942, 1.1918, 1.1864, 1.1801, 1.1757 and 1.1697. Here, we continue to follow the development of the downward structure from September 8. The continuation of the downward movement is expected after the breakdown of 1.1864. In this case, the target is 1.1801. In the 1.1801-1.1757 range, we expect a short-term downward movement. Hence, the probability of leaving the correction zone is high. The potential value for the bottom is the level of 1.1697, upon reaching which we expect a rollback upward.

Short-term upward movement is expected in the range of 1.1918 - 1.1942. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1990.

The main trend is the downward structure of September 8.

Trading recommendations:

Buy: 1.1919 Take profit: 1.1940

Buy: 1.1944 Take profit: 1.1990

Sell: 1.1862 Take profit: 1.1805

Sell: 1.1800 Take profit: 1.1760

For the GBP / USD pair, the key levels on the scale of H1 are: 1.3576, 1.3522, 1.3448, 1.3420. 1.3359, 1.3319, 1.3273 and 1.3173. Here, to increase the dimension of the local upward structure from September 14, we moved to the scale of the M30. The continuation of the upward movement is expected after passing the price of the noise range of 1.3420 - 1.3448. In this case, the target is 1.3522. The potential value for the top is the level of 1.3576, from which we expect a rollback to the correction.

Short-term downward movement is possible in the area of 1.3359 - 1.3319. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3273. This level is the key support for the upward structure.

The main trend is the local structure of September 14.

Trading recommendations:

Buy: 1.3450 Take profit: 1.3520

Buy: 1.3526 Take profit: 1.3575

Sell: 1.3357 Take profit: 1.3320

Sell: 1.3317 Take profit: 1.3275

For the USD / CHF pair, the key levels on the scale of H1 are: 0.9810, 0.9779, 0.9725, 0.9687, 0.9625, 0.9599, 0.9564, 0.9539 and 0.9501. Here, we continue to follow the upward structure of September 8. At the moment, we expect the move to the level of 0.9687. In the area of 0.9687 - 0.9725 we expect short-term upward movement. The breakdown at the level of 0.9725 should be accompanied by a pronounced upward movement to the level of 0.9779. The potential value for the top is the level of 0.9810, from which we expect a pullback downwards.

Short-term downward movement is expected in the range of 0.9625 - 0.9599. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9564. The range of 0.5964 - 0.9539 is the key support for the top.

The main trend is the upward structure of September 8.

Trading recommendations:

Buy: 0.9688 Take profit: 0.9725

Buy: 0.9728 Take profit: 0.9776

Sell: 0.9625 Take profit: 0.9600

Sell: 0.9596 Take profit: 0.9566

For the USD / JPY pair, the key levels on a scale are: 112.79, 111.92, 111.27, 110.26, 109.92, 109.41, 109.01 and 108.42. Here, we follow the upward structure of September 8. At the moment, we expect the movement towards the level of 111.27. In the area of 111.27 - 111.92 we expect a short-term move upward. The breakdown of the level of 111.92 will allow us to count on a movement toward a potential target of 112.79. From this level, we expect a pullback downwards.

Consolidated movement is possible in the range of 110.26 - 109.92. The breakdown of the last value will lead to in-depth correction. Here, the target is 109.41. The range of 109.41 - 109.01 is the key support for the upward structure of September 8.

The main trend is the upward structure of September 8.

Trading recommendations:

Buy: 111.28 Take profit: 111.90

Buy: 111.94 Take profit: 112.75

Sell: 109.90 Take profit: 109.43

Sell: 109.00 Take profit: 108.45

For the CAD / USD pair, the key levels on the H1 scale are: 1.2224, 1.2159, 1.2074, 1.2021, 1.1906 and 1.1842. Here, we continue to follow the development of the downward structure from August 31. At the moment, the price is in correction. Short-term downward movement is possible in the area of 1.2074 - 1.2021. Continued development of the downward cycle is expected after the breakdown of 1.2020. In this case, the target is 1.1906. The potential value for the top is the level of 1.1842, from which we expect the correction to go. In general, we most likely expect a pullback from the level of 1.2021, with the subsequent formation of initial conditions for the upward cycle.

Consolidated traffic is possible in the area of 1.2159 - 1.2224. The breakdown of the last value will lead to form the initial conditions for the upward cycle. Here, the potential target is 1.2354.

The main trend is the downward cycle from August 31, the correction stage.

Trading recommendations:

Buy: 1.2160 Take profit: 1.2222

Buy: 1.2228 Take profit: 1.2350

Sell: 1.2074 Take profit: 1.2024

Sell: 1.2020 Take profit: 1.1910

For the AUD / USD pair, the key levels on the scale of H1 are: 0.8092, 0.8045, 0.8019, 0.7950, 0.7899 and 0.7871. Here, we follow the downward structure of September 8. Continued downward movement is expected after the breakdown of 0.7950. In this case, the target is 0.7899. The potential value for the bottom is the level of 0.7871, from which we expect a rollback to the top.

Short-term upward movement is possible in the area of 0.8019 - 0.8045. The breakdown of the last value will lead to the formation of an upward structure. Here, the potential target is 0.8092.

The main trend is the downward structure of September 8.

Trading recommendations:

Buy: 0.8020 Take profit: 0.8044

Buy: 0.8047 Take profit: 0.8090

Sell: 0.7950 Take profit: 0.7900

Sell: 0.7896 Take profit: 0.7874

For the EUR / JPY pair, the key levels on the scale of H1 are: 132.93, 132.53, 132.08, 131.43, 131.16, 130.78 and 130.14. Here, we continue to follow the initial structure for the top of September 6. Continued upward movement is expected after the breakdown of 132.08. In this case, the target is 132.53. Potential value for the upward structure is the level of 132.93, upon reaching which we expect a rollback to correction.

Short-term downward movement is possible in the area of 131.16 - 130.78. The breakdown of the last value will lead to form a downward structure. Here, the target is 130.14.

The main trend is the upward structure of September 6, the correction stage.

Trading recommendations:

Buy: 132.10 Take profit: 132.50

Buy: 132.55 Take profit: 132.90

Sell: 131.14 Take profit: 130.80

Sell: 130.72 Take profit: 130.16

For the GBP / JPY pair, the key levels on the scale of H1 are: 147.85, 146.80, 146.25, 145.46, 145.05 and 144.30. Here, we do not yet consider the subsequent goals for the upward movement. Breaking the level of 147.85 may be accompanied by an unstable upward movement. In this case, the goals are not defined.

Short-term downward movement is possible in the area of 146.80 - 146.25. The breakdown of the last value will initiate the development of the corrective movement. Here, the target is 145.46. In the area of 145.46 - 145.05 is the consolidation of the price. The potential value for the bottom is the level of 144.30.

The main trend is the upward cycle from September 5, we expect a correction.

Trading recommendations:

Buy: Take profit:

Buy: Take profit:

Sell: 146.80 Take profit: 146.27

Sell: 146.20 Take profit: 145.50