Fractal analysis for major currency pairs as of May 14
May 15, 2018 12:21 am
Dear colleagues.
For the EUR / USD pair, we have expanded the potential for the upward structure from May 9 to the level of 1.2100. For the GBP / USD pair, we expect a correction in the aftermath of the breakdown of 1.3614. For the USD / CHF pair, we follow the formation of the downward structure from May 10. We expect the continuation of the downward movement after the breakdown of the level of 0.9970. For the USD / JPY pair, the continuation of the upward movement is expected after the breakdown of 109.68. At the moment, the price is in deep correction. For the EUR / JPY pair, we follow the formation of the upward structure from May 8. We expect the continuation of the movement after the breakdown of 131.00. For the GBP / JPY pair, the price forms the potential for the top of May 8 in the correction from the downward structure.
The forecast for May 14:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2100, 1.2060, 1.2031, 1.1985, 1.1947, 1.1894, 1.1867 and 1.1822. Here, we follow the upward structure of May 9. Short-term upward movement is expected in the range of 1.1948 – 1.1985. The breakdown of the level of 1.1985 should be accompanied by a pronounced movement towards the level of 1.2031. Upon reaching this level, we expect consolidation in the area of 1.2031 – 1.2060. The potential value for the top is the level of 1.2100. From this level, we expect a rollback to correction.
Short-term downward movement is possible in the area of 1.1894-1.1867. The breakdown of the last value will lead to to the development of the the downward structure. In this case, the target is 1.1822.
The main trend is the formation of the upward potential of May 9.
Trading recommendations:
Buy: 1.1987 Take profit: 1.2030
Buy 1.2033 Take profit: 1.2060
Sell: 1.1892 Take profit: 1.1870
Sell: 1.1864 Take profit: 1.1825
For the GBP / USD pair, the key levels on the scale of H1 are 1.3847, 1.3752, 1.3684, 1.3614, 1.3614 and 1.3482. Here, we expect movement towards correction. The upward movement is expected after the breakdown of 1.3614. In this case, the target is 1.3684. Short-term upward movement is possible in the area of 1.3684 – 1.3752. The breakdown of the last value will lead to movement. Here, the target is 1.3847. Up to this level, the design of potential initial conditions for the top is possible.
For the downward movement, we have not yet determined the subsequent goals.
The main trend is a downward structure from April 17. We expect a correction.
Trading recommendations:
Buy: 1.3616 Take profit: 1.3682
Buy: 1.3684 Take profit: 1.3750
Sell: Take profit:
Sell: Take profit:
For the USD / CHF pair, the key levels on the scale of H1 are: 1.0056, 1.0039, 0.9991, 0.9972, 0.9949 and 0.9933. Here, we follow the formation of a downward structure from May 10. The continuation of the downward movement is expected after the breakdown of 0.9991. In this case, the target is 0.9972. Near this level is the consolidation of the price. The breakdown of the level of 0.9972 should be accompanied by a pronounced movement towards the level of 0.9949. The potential value for the bottom is the level of 0.9933. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.0039 – 1.0056. Further objectives for the top are not yet considered.
The main trend is the formation of a downward structure from May 10.
Trading recommendations:
Buy: 1.0040 Take profit: 1.0053
Buy: Take profit:
Sell: 0.9990 Take profit: 0.9974
Sell: 0.9968 Take profit: 0.9950
For the USD / JPY pair, the key levels on a scale are: 110.82, 110.66, 110.20, 109.96, 109.68, 108.99 and 108.70. Here, we follow the formation of the upward structure of May 4. The continuation of the upward movement is expected after the breakdown of 109.68. In this case, the first target is 109.96. In the area of 109.96 – 110.20 is the consolidation of the price. The breakdown of the level of 110.20 should be accompanied by a pronounced movement towards the level of 110.66. The potential value for the top is the level of 110.82. Upon reaching this level, we expect a pullback downwards.
The level of 108.99 is the key support for the top. Its breakdown will lead to to the formation of the downward structure. In this case, the target is 108.70.
The main trend is the formation of the upward structure of May 4.
Trading recommendations:
Buy: 109.68 Take profit: 109.94
Buy: 109.96 Take profit: 110.20
Sell: Take profit:
Sell: 108.96 Take profit: 108.74
For the CAD / USD pair, the key levels on the H1 scale are: 1.2886, 1.2863, 1.2815, 1.2787, 1.2751, 1.2701, 1.2660 and 1.2603. Here, we follow the development of the downward structure of May 8. The continuation of the movement downwards is expected after the breakdown of 1.2750. In this case, the target is 1.2701. The breakdown of this level will allow us to count on the movement towards the level of 1.2660. Near this level is the consolidation of the price. The potential value for the bottom is the level of 1.2603. From this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.2787 – 1.2815. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2863. The range of 1.2863 – 1.2886 is the key support for the downward structure from May 8.
The main trend is the downward structure of May 8.
Trading recommendations:
Buy: 1.2787 Take profit: 1.2813
Buy: 1.2817 Take profit: 1.2860
Sell: 1.2748 Take profit: 1.2705
Sell: 1.2698 Take profit: 1.2660
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7699, 0.7654, 0.7622, 0.7575, 0.7522, 0.7498 and 0.7456. Here, we follow the formation of the upward structure of May 9. The continuation of the upward movement is expected after the breakdown of 0.7575. In this case, the target is 0.7622. In the area of 0.7622 – 0.7654 is the consolidation of the price. The potential value for the top is the level of 0.7699. The movement towards this level is expected after the breakdown of the level of 0.7655.
Short-term downward movement is possible in the area of 0.7522 – 0.7498. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7456. This level is the key support for the upward structure.
The main trend is the formation of the upward structure of May 9.
Trading recommendations:
Buy: 0.7575 Take profit: 0.7520
Buy: 0.7524 Take profit: 0.7652
Sell: 0.7522 Take profit: 0.7500
Sell: 0.7495 Take profit: 0.7460
For the EUR / JPY pair, the key levels on the scale of H1 are: 132.26, 131.78, 131.40, 130.98, 130.35, 130.02, 129.61 and 129.18. Here, we follow the formation of the upward structure of May 8. The continuation of the upward movement is expected after the breakdown of 130.98. In this case, the target is 131.40. In the area of 131.40 – 131.78 is short-term upward movement and the consolidation of the price. The potential value for the top is the level of 132.26. From this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 130.35 – 130.02. The breakdown of the last value will lead to in-depth correction. Here, the target is 129.61. This level is the key support for the upward structure. Its breakdown will lead to a downward structure. Here, the potential target is 129.18.
The main trend is the formation of the upward structure of May 8.
Trading recommendations:
Buy: 131.00 Take profit: 131.40
Buy: 131.42 Take profit: 131.75
Sell: 130.35 Take profit: 130.07
Sell: 130.00 Take profit: 129.65
For the GBP / JPY pair, the key levels on the scale of H1 are: 149.81, 149.18, 148.67, 147.63, 146.88, 147.75 and 145.12. Here, we follow the local downward structure of April 26. At the moment, the price is in correction and forms the potential for the upward movement of May 8. The continuation of the downward movement is expected after the breakdown of 147.63. In this case, the target is 146.88. Near this level is the consolidation of the price. The breakdown of 146.85 should be accompanied by a pronounced downward movement. Here, the target is 145.75. The potential value for the bottom is the level 145.12. From this level, we expect a rollback to the correction.
Short-term upward movement is possible in the area of 148.67 – 149.18. The breakdown of the last value will lead to in-depth correction. Here, the target is 149.81.
The main trend is a local downward structure from April 26, the correction stage.
Trading recommendations:
Buy: 148.67 Take profit: 149.15
Buy: 149.22 Take profit: 149.75
Sell: 147.60 Take profit: 146.95
Sell: 146.85 Take profit: 145.90
The material has been provided by InstaForex Company – www.instaforex.com
Dear colleagues.
For the EUR / USD pair, we have expanded the potential for the upward structure from May 9 to the level of 1.2100. For the GBP / USD pair, we expect a correction in the aftermath of the breakdown of 1.3614. For the USD / CHF pair, we follow the formation of the downward structure from May 10. We expect the continuation of the downward movement after the breakdown of the level of 0.9970. For the USD / JPY pair, the continuation of the upward movement is expected after the breakdown of 109.68. At the moment, the price is in deep correction. For the EUR / JPY pair, we follow the formation of the upward structure from May 8. We expect the continuation of the movement after the breakdown of 131.00. For the GBP / JPY pair, the price forms the potential for the top of May 8 in the correction from the downward structure.
The forecast for May 14:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.2100, 1.2060, 1.2031, 1.1985, 1.1947, 1.1894, 1.1867 and 1.1822. Here, we follow the upward structure of May 9. Short-term upward movement is expected in the range of 1.1948 – 1.1985. The breakdown of the level of 1.1985 should be accompanied by a pronounced movement towards the level of 1.2031. Upon reaching this level, we expect consolidation in the area of 1.2031 – 1.2060. The potential value for the top is the level of 1.2100. From this level, we expect a rollback to correction.
Short-term downward movement is possible in the area of 1.1894-1.1867. The breakdown of the last value will lead to to the development of the the downward structure. In this case, the target is 1.1822.
The main trend is the formation of the upward potential of May 9.
Trading recommendations:
Buy: 1.1987 Take profit: 1.2030
Buy 1.2033 Take profit: 1.2060
Sell: 1.1892 Take profit: 1.1870
Sell: 1.1864 Take profit: 1.1825
For the GBP / USD pair, the key levels on the scale of H1 are 1.3847, 1.3752, 1.3684, 1.3614, 1.3614 and 1.3482. Here, we expect movement towards correction. The upward movement is expected after the breakdown of 1.3614. In this case, the target is 1.3684. Short-term upward movement is possible in the area of 1.3684 – 1.3752. The breakdown of the last value will lead to movement. Here, the target is 1.3847. Up to this level, the design of potential initial conditions for the top is possible.
For the downward movement, we have not yet determined the subsequent goals.
The main trend is a downward structure from April 17. We expect a correction.
Trading recommendations:
Buy: 1.3616 Take profit: 1.3682
Buy: 1.3684 Take profit: 1.3750
Sell: Take profit:
Sell: Take profit:
For the USD / CHF pair, the key levels on the scale of H1 are: 1.0056, 1.0039, 0.9991, 0.9972, 0.9949 and 0.9933. Here, we follow the formation of a downward structure from May 10. The continuation of the downward movement is expected after the breakdown of 0.9991. In this case, the target is 0.9972. Near this level is the consolidation of the price. The breakdown of the level of 0.9972 should be accompanied by a pronounced movement towards the level of 0.9949. The potential value for the bottom is the level of 0.9933. Upon reaching this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.0039 – 1.0056. Further objectives for the top are not yet considered.
The main trend is the formation of a downward structure from May 10.
Trading recommendations:
Buy: 1.0040 Take profit: 1.0053
Buy: Take profit:
Sell: 0.9990 Take profit: 0.9974
Sell: 0.9968 Take profit: 0.9950
For the USD / JPY pair, the key levels on a scale are: 110.82, 110.66, 110.20, 109.96, 109.68, 108.99 and 108.70. Here, we follow the formation of the upward structure of May 4. The continuation of the upward movement is expected after the breakdown of 109.68. In this case, the first target is 109.96. In the area of 109.96 – 110.20 is the consolidation of the price. The breakdown of the level of 110.20 should be accompanied by a pronounced movement towards the level of 110.66. The potential value for the top is the level of 110.82. Upon reaching this level, we expect a pullback downwards.
The level of 108.99 is the key support for the top. Its breakdown will lead to to the formation of the downward structure. In this case, the target is 108.70.
The main trend is the formation of the upward structure of May 4.
Trading recommendations:
Buy: 109.68 Take profit: 109.94
Buy: 109.96 Take profit: 110.20
Sell: Take profit:
Sell: 108.96 Take profit: 108.74
For the CAD / USD pair, the key levels on the H1 scale are: 1.2886, 1.2863, 1.2815, 1.2787, 1.2751, 1.2701, 1.2660 and 1.2603. Here, we follow the development of the downward structure of May 8. The continuation of the movement downwards is expected after the breakdown of 1.2750. In this case, the target is 1.2701. The breakdown of this level will allow us to count on the movement towards the level of 1.2660. Near this level is the consolidation of the price. The potential value for the bottom is the level of 1.2603. From this level, we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.2787 – 1.2815. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2863. The range of 1.2863 – 1.2886 is the key support for the downward structure from May 8.
The main trend is the downward structure of May 8.
Trading recommendations:
Buy: 1.2787 Take profit: 1.2813
Buy: 1.2817 Take profit: 1.2860
Sell: 1.2748 Take profit: 1.2705
Sell: 1.2698 Take profit: 1.2660
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7699, 0.7654, 0.7622, 0.7575, 0.7522, 0.7498 and 0.7456. Here, we follow the formation of the upward structure of May 9. The continuation of the upward movement is expected after the breakdown of 0.7575. In this case, the target is 0.7622. In the area of 0.7622 – 0.7654 is the consolidation of the price. The potential value for the top is the level of 0.7699. The movement towards this level is expected after the breakdown of the level of 0.7655.
Short-term downward movement is possible in the area of 0.7522 – 0.7498. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7456. This level is the key support for the upward structure.
The main trend is the formation of the upward structure of May 9.
Trading recommendations:
Buy: 0.7575 Take profit: 0.7520
Buy: 0.7524 Take profit: 0.7652
Sell: 0.7522 Take profit: 0.7500
Sell: 0.7495 Take profit: 0.7460
For the EUR / JPY pair, the key levels on the scale of H1 are: 132.26, 131.78, 131.40, 130.98, 130.35, 130.02, 129.61 and 129.18. Here, we follow the formation of the upward structure of May 8. The continuation of the upward movement is expected after the breakdown of 130.98. In this case, the target is 131.40. In the area of 131.40 – 131.78 is short-term upward movement and the consolidation of the price. The potential value for the top is the level of 132.26. From this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 130.35 – 130.02. The breakdown of the last value will lead to in-depth correction. Here, the target is 129.61. This level is the key support for the upward structure. Its breakdown will lead to a downward structure. Here, the potential target is 129.18.
The main trend is the formation of the upward structure of May 8.
Trading recommendations:
Buy: 131.00 Take profit: 131.40
Buy: 131.42 Take profit: 131.75
Sell: 130.35 Take profit: 130.07
Sell: 130.00 Take profit: 129.65
For the GBP / JPY pair, the key levels on the scale of H1 are: 149.81, 149.18, 148.67, 147.63, 146.88, 147.75 and 145.12. Here, we follow the local downward structure of April 26. At the moment, the price is in correction and forms the potential for the upward movement of May 8. The continuation of the downward movement is expected after the breakdown of 147.63. In this case, the target is 146.88. Near this level is the consolidation of the price. The breakdown of 146.85 should be accompanied by a pronounced downward movement. Here, the target is 145.75. The potential value for the bottom is the level 145.12. From this level, we expect a rollback to the correction.
Short-term upward movement is possible in the area of 148.67 – 149.18. The breakdown of the last value will lead to in-depth correction. Here, the target is 149.81.
The main trend is a local downward structure from April 26, the correction stage.
Trading recommendations:
Buy: 148.67 Take profit: 149.15
Buy: 149.22 Take profit: 149.75
Sell: 147.60 Take profit: 146.95
Sell: 146.85 Take profit: 145.90
The material has been provided by InstaForex Company – www.instaforex.com
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