FX.co ★ Fractal analysis of the main currency pairs for September 12

Forecast for September 12:

Analytical review of currency pairs in the scale of H1:

Dear colleagues.

For the currency pair Euro / Dollar, we follow the formation of the upward structure from September 10 and we continue to wait for the continuation of the upward movement after the breakdown of 1.1618. For the Pound / Dollar currency pair, we follow the upward cycle from September 5 and we continue to wait for the continuation of the upward movement after the breakdown at 1.3110. For the currency pair Dollar / Franc, the price forms the potential for the top of September 7 and the level of 0.9764 is the key resistance. For the Dollar / Yen currency pair, we follow the upward structure from September 7 and expect the move to the level of 111.83. For the currency pair Euro / Yen, the price forms the potential for the top of September 10 and the development of which is expected after the breakdown of 129.97. For the Pound / Yen currency pair, we follow the upward structure of September 7 and the level of 145.84 is the key resistance.

For the EUR / USD pair, the key levels on the scale of H1 are: 1.1725, 1.1694, 1.1673, 1.1649, 1.1618, 1.1573, 1.1554 and 1.1525. Here, we follow the formation of the upward structure of September 10. The continued upward movement is expected after the breakdown of 1.1618. In this case, the goal is the first target of 1.1649 and the breakdown of which will allow us to count on the movement to 1.1673. In the corridor of 1.1673 - 1.1694 is the consolidation. The potential value for the top is the level of 1.1725, from which we expect a rollback.

The short-term downward movement is possible in the corridor of 1.1573 - 1.1554. Hence, the probability of a turn up is high and the breakdown at the level of 1.1554 will lead to the formation of a downward structure. In this case, the target is 1.1525.

The main trend is the formation of the ascending structure of September 10.

Trading recommendations:

Buy 1.1618 Take profit: 1.1647

Buy 1.1650 Take profit: 1.1673

Sell: 1.1571 Take profit: 1.1555

Sell: 1.1552 Take profit: 1.1527

For the Pound / Dollar currency pair, the key levels on the scale of H1 are 1.3229, 1.3161, 1.3110, 1.3064, 1.3007, 1.2971 and 1.2901. Here, we continue to follow the upward cycle of September 5. The continued upward movement is expected after the breakdown of 1.3064. In this case, the first target is 1.3110 and the breakdown of which will allow us to count on the movement to the level of 1.3161, near this level is the consolidation. The potential value for the top, consider the level of 1.3229, upon reaching which we expect a pullback downwards.

The short-term downward movement is possible in the corridor of 1.3007 - 1.2971. The breakdown of the last value will have to the development of a downward movement. Here, the target is 1.2901.

The main trend is the upward cycle of September 5.

Trading recommendations:

Buy: 1.3064 Take profit: 1.3110

Buy: 1.3115 Take profit: 1.3160

Sell: 1.3005 Take profit: 1.2973

Sell: 1.2988 Take profit: 1.2910

For the currency pair Dollar / Franc, the key levels in the scale of H1 are: 0.9846, 0.9802, 0.9786, 0.9764, 0.9729, 0.9712 and 0.9686. Here, we monitor the formation of potential initial conditions for the top of September 7. The continuation of traffic to the top is possible after the breakdown of 0.9764. In this case, the target is 0.9786 and near this level is the consolidation. The passage at the price of the noise range of 0.9786 - 0.9802 will allow us to count on the movement to the potential target of 0.9846, near this level is the consolidation and pullback downwards.

The short-term downward movement is possible in the corridor of 0.9729 - 0.9712 and the breakdown of the last value will lead to an in-depth movement. Here, the target is 0.9686 and this level is the key support for the top.

The main trend is the formation of the upward structure of September 7.

Trading recommendations:

Buy: 0.9764 Take profit: 0.9784

Buy: 0.9802 Take profit: 0.9842

Sell: 0.9727 Take profit: 0.9712

Sell: 0.9710 Take profit: 0.9688

For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 112.32, 112.02, 111.83, 111.53, 111.28, 111.06 and 110.47. Here, we continue to follow the upward structure of September 7. The continued upward movement is expected after the breakdown of 111.53. In this case, the target is 111.83 and in the corridor of 111.83 - 112.02 is the consolidation. The potential value for the top is the level of 112.32, upon which we expect consolidation, as well as a pullback downwards.

The short-term downward movement is possible in the corridor of 111.28 - 111.06 and the breakdown of the last value will have a downward structure. In this case, the potential target is 110.47.

The main trend: the upward structure of September 7.

Trading recommendations:

Buy: 111.55 Take profit: 111.80

Buy: 112.04 Take profit: 112.30

Sell: 111.28 Take profit: 111.08

Sell: 111.00 Take profit: 110.70

For the Canadian Dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3183, 1.3140, 1.3106, 1.3083, 1.3025, 1.2996, 1.2955 and 1.2931. Here, we continue to follow the downward cycle from September 6. The short-term downward movement is possible in the corridor of 1.3025 - 1.2996 and the breakdown of the last value should be accompanied by a pronounced downward movement to the level of 1.2955. The potential value for the bottom is the level of 1.2931, upon reaching which, we expect a rollback to the top.

The short-term upward movement is possible in the corridor of 1.3083 - 1.3106 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3140 and this level is the key support for the downward structure. Its breakdown will have to form the initial conditions for the upward trend. In this case, the target is 1.3183 .

The main trend is the downward structure of September 6.

Trading recommendations:

Buy: 1.3083 Take profit: 1.3104

Buy: 1.3108 Take profit: 1.3140

Sell: 1.3025 Take profit: 1.2998

Sell: 1.2993 Take profit: 1.2960

For the Australian Dollar / Dollar currency pair, the key levels in the scale of H1 are: 0.7241, 0.7216, 0.7171, 0.7144, 0.7094 and 0.7062. Here, we follow the downward structure of August 28 and expect a rollback upward. The short-term downward movement is expected in the range of 0.7094 - 0.7062, from this corridor there is a high probability of a turn upwards. We do not set further targets for the downward movement.

The short-term upward movement is possible in the corridor of 0.7144 - 0.7171 and the breakdown of the latter value will lead to the formation of potential initial conditions for the top. In this case, the target is 0.7216 and the range of 0.7216 is 0.7241.

The main trend is the downward structure from August 28, we expect a pullback upward.

Trading recommendations:

Buy: 0.7144 Take profit: 0.7170

Buy: 0.7173 Take profit: 0.7210

Sell: 0.7092 Take profit: 0.7062

Sell: Take profit:

For the currency pair of Euro / Yen, the key levels on the scale of H1 are: 131.29, 130.55, 129.97, 129.35, 128.84 and 127.87. Here, we follow the formation of the potential for the top of September 10. The continuation of the upward movement is expected after the breakdown of 129.97. Here, the target is 130.55 and near this level is the consolidation. The potential value for the ascending structure is still the level of 131.29.

The short-term downward movement is possible in the corridor of 129.35 - 128.84 and the breakdown of the latter value will lead to the development of a downward trend. Here, the potential target is 127.87.

The main trend is the formation of the potential for the top of September 10.

Trading recommendations:

Buy: 129.97 Take profit: 130.50

Buy: 130.58 Take profit: 131.27

Sell: 129.33 Take profit: 128.88

Sell: 128.60 Take profit: 127.90

For the Pound / Yen currency pair, the key levels on the scale of H1 are: 147.38, 146.99, 146.32, 145.84, 145.15, 144.63 and 143.96. Here, the price we follow the upward structure of September 7. The short-term upward movement is expected in the corridor of 145.84 - 146.32 and the breakdown of the last value will lead to the development of a pronounced movement. Here, the target is 146.99 and the potential value for the top is the level of 147.38, upon which we expect consolidation, as well as pullback.

The short-term downward movement is possible in the range of 145.15 - 144.63 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 143.96 and this level is the key support for the upward structure of September 7.

The main trend is the upward structure of September 7.

Trading recommendations:

Buy: 145.85 Take profit: 146.30

Buy: 146.35 Take profit: 146.95

Sell: 145.15 Take profit: 144.65

Sell: 144.60 Take profit: 144.00