FX.co ★ Fractal analysis of the main currency pairs for September 13

Forecast for September 13:

Dear colleagues.For the currency pair EUR / USD, we continue the movement upward and we expect after the breakdown of 1.1650. For the Pound / Dollar currency pair, we follow the upward cycle from September 5 and the continuation of the upward movement is expected after the breakdown at 1.3065. For the Dollar / Franc currency pair, the price is in-depth correction and the range of 0.9686 - 0.9667 is the key support. For the currency pair Dollar / Yen, the continuation of the upward movement is possible after the breakdown of 111.55 and the level of 111.06 is the key support. 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.

Analytical review of currency pairs in the scale of H1:

For the EUR / USD currency pair, the key levels on the scale of H1 are: 1.1725, 1.1694, 1.1673, 1.1649, 1.1614, 1.1597 and 1.1575. Here, we follow the development of the ascending structure of September 10. The continued upward movement is expected after the breakdown of 1.1650. In this case, the target is 1.1673 and 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 1.1614-1.1597 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1575 and this level is the key support for the top.

The main trend is the upward structure of September 10.

Trading recommendations:

Buy 1.1650 Take profit: 1.1673

Buy 1.1675 Take profit: 1.1692

Sell: 1.1613 Take profit: 1.1598

Sell: 1.1595 Take profit: 1.1577

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 is 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 and 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 of 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, the price is in deep correction from the ascending structure on September 7. The continued upward movement is possible after the breakdown of 0.9739. In this case, the first target is 0.9764 and the breakdown of which will allow us to count on the move to the level of 0.9786, 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 0.9686 - 0.9667 and this range is the key support for the upward structure. Its passage by the price will have to develop the downward movement. In this case, the potential target is 0.9639.

The main trend is the formation of an upward structure from September 7, the correction stage.

Trading recommendations:

Buy: 0.9740 Take profit: 0.9762

Buy: 0.9765 Take profit: 0.9784

Sell: 0.9684 Take profit: 0.9670

Sell: 0.9664 Take profit: 0.9640

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: 1.3106, 1.3083, 1.3050, 1.3022, 1.2955, 1.2931 and 1.2875. Here, we continue to follow the downward cycle from September 6. At the moment, we expect the move to the level of 1.2955 and in the corridor of 1.2955 - 1.2931 is the consolidation. The potential value for the bottom is the level of 1.2875, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the corridor of 1.3022 - 1.3050 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3083 and the range of 1.3083 - 1.3106 is the key support for the downward structure, before it we expect the initial conditions for the upward cycle to be formalized.

The main trend is the downward structure of September 6.

Trading recommendations:

Buy: 1.3022 Take profit: 1.3048

Buy: 1.3052 Take profit: 1.3080

Sell: 1.2955 Take profit: 1.2933

Sell: 1.2928 Take profit: 1.2880

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 expect the formation of pronounced initial conditions for the upward cycle of September 11. The consolidated traffic is possible in the corridor of 0.7144 - 0.7171 and the breakdown of the last 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 - 0.7241.

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 main trend is the formation of the potential for the top of September 11.

Trading recommendations:

Buy: Take profit:

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, 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