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10.12.2018 08:14 AM
Fractal analysis of major currency pairs for December 10

Dear colleagues.

For the Euro / Dollar currency pair, the subsequent targets for the top were determined from the local upward structure on December 5. For the currency pair Pound / Dollar, the price is in equilibrium, a downward structure from December 4 and the formation of potential for the top of December 5. For the currency pair Dollar / Franc, we are following the formation of the downward structure of December 5 and the development of the impulse is expected after the breakdown of 0.9863. For the currency pair Dollar / Yen, we are following the development of the downward cycle of November 28 and we expect a further downward movement after the breakdown of 112.35. For the currency pair Euro / Yen, the price is in deep correction from the downward structure and the level of 128.70 is the key support. For the Pound / Yen currency pair, the subsequent targets for the downward movement were determined from the local downward structure on December 5.

Forecast for December 10:

Analytical review of H1-scale currency pairs:

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For the Euro / Dollar currency currency pair, the key levels on the H1 scale are: 1.1512, 1.1487, 1.1434, 1.1414, 1.1386, 1.1370 and 1.1348. Here, we determined the subsequent targets for the top from the local ascending structure on December 5th. The short-term upward movement is expected in the range of 1.1414 - 1.1434 and the breakdown of the latter value will lead to the development of a pronounced movement. Here, the target is 1.1487. The potential value for the ascending structure is considered the level of 1.1512, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 1.1386 - 1.1370 and the breakdown of the latter value will lead to a prolonged correction. In this case, the goal is 1.1348 and this level is the key support for the top. Its price will have to move to the first potential target of 1.1310.

The main trend is a local rising structure from December 5th.

Trading recommendations:

Buy 1.1414 Take profit: 1.1432

Buy 1.1436 Take profit: 1.1485

Sell: 1.1386 Take profit: 1.1371

Sell: 1.1368 Take profit: 1.1350

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For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.2947, 1.2903, 1.2873, 1.2827, 1.2792, 1.2758, 1.2699, 1.2664, 1.2623 and 1.2600. Here, the situation is in equilibrium. A local descending structure of December 4, as well as the potential for the top of December 5. The breakdown of the level of 1.2699 will lead to the development of a downward structure. In this case, the first target is 1.2664 and consolidation is near this level. Its breakdown will lead to a pronounced movement to the level of 1.2623. The potential value for the bottom is considered the level of 1.2600, after reaching which we expect consolidation, as well as a rollback to the correction.

An upward movement is expected after the breakdown of 1.2758. Here, the first target is 1.2792 and in the range of 1.2792 - 1.2827 is the short-term upward movement. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.2873 and in the range of 1.2873 - 1.2903 is the consolidation. The potential value for the top is considered the level of 1.2947, from this level, we expect a rollback to the top.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 1.2758 Take profit: 1.2790

Buy: 1.2793 Take profit: 1.2825

Sell: 1.2699 Take profit: 1.2666

Sell: 1.2662 Take profit: 1.2625

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For the Dollar / Franc currency pair, the key levels on the H1 scale are: 0.9979, 0.9954, 0.9941, 0.9897, 0.9878, 0.9863 and 0.9823. Here, we are following the formation of the downward structure of December 5th. The breakdown of the level of 0.9897 will lead to the formation of pronounced initial conditions. In this case, the goal is 0.9878. The price pass of the range of 0.9878 - 0.9863 should be accompanied by a pronounced downward movement. Here, the goal is 0.9823.

The short-term upward movement is possible in the range of 0.9941 - 0.9954 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.9979 and this level is the key support for the downward movement.

The main trend is the formation of a downward structure of December 5.

Trading recommendations:

Buy: 0.9955 Take profit: 0.9975

Buy: 0.9980 Take profit: 1.0005

Sell: 0.9895 Take profit: 0.9878

Sell: 0.9862 Take profit: 0.9825

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For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 113.41, 113.15, 112.95, 112.57, 112.35, 112.04 and 111.87. Here, we are following the development of the downward cycle of November 28. The short-term downward movement is possible in the range of 112.57 - 112.35 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 112.04. The potential value for the bottom is considered the level of 111.87, after reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 112.95 - 113.15 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 113.41.

The main trend is the downward cycle of November 28.

Trading recommendations:

Buy: 112.95 Take profit: 113.15

Buy: 113.17 Take profit: 113.40

Sell: 112.55 Take profit: 113.35

Sell: 112.33 Take profit: 112.05

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For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3506, 1.3478, 1.3429, 1.3393, 1.3357, 1.3285, 1.3247 and 1.3160. Here, the price is in deep correction from the downward structure on December 4th. The range of 1.3285 - 1.3247 is the key support for the top and we expect a short-term downward movement. The breakdown of the level of 1.3245 will lead to the development of a downward trend. In this case, the potential target is the level of 1.3160.

The short-term upward movement is possible in the range of 1.3357 - 1.3393 and the breakdown of the last value will lead to the movement to 1.3429, this level is the key resistance for the subsequent development of the upward cycle from December 4. Its breakdown should be accompanied by a pronounced upward movement to 1.3478 and in the range of 1.3478 - 1.3506 is the consolidation.

The main trend is the ascending cycle of December 4, the stage of deep correction.

Trading recommendations:

Buy: 1.3357 Take profit: 1.3390

Buy: 1.3394 Take profit: 1.3427

Sell: 1.3285 Take profit: 1.3250

Sell: 1.3245 Take profit: 1.3195

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For the Australian dollar / dollar currency pair, the key levels on the H1 scale are: 0.7290, 0.7257, 0.7237, 0.7196, 0.7166, 0.7127 and 0.7100. Here, we are following the development of the downward structure of December 4th. The short-term downward movement is possible in the range of 0.7196 - 0.7166 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 0.7127. The potential value for the bottom is considered to be the level of 0.7100, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term uptrend is possible in the range of 0.7237 - 0.7257 and the breakdown of the latter value will lead to a deep correction. Here, the target is 0.7290 and this level is the key support for the downward structure of December 4.

The main trend is the downward structure of December 4.

Trading recommendations:

Buy: 0.7237 Take profit: 0.7255

Buy: 0.7258 Take profit: 0.7290

Sell: 0.7196 Take profit: 0.7166

Sell: 0.7164 Take profit: 0.7130

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For the Euro / Yen currency pair, the key levels on the H1 scale are: 128.70, 128.36, 127.98, 127.68, 127.43, 127.08 and 126.88. Here, we continue to follow the development of the downward structure of November 29. At the moment, the price is in deep correction from this structure. The continuation of the downward movement is expected after the breakdown of 127.98. Here, the first target is 127.68. The short-term downward movement is possible in the range of 127.68 - 127.43 and the breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the target is 127.08. The potential value for the bottom is considered the level of 126.88, after reaching which we expect consolidation, as well as a rollback to the top.

The short-term upward movement is possible in the range of 128.36 - 128.70 and the breakdown of the last value will lead to the cancellation of the downward structure. In this case, the goal is 129.29.

The main trend is the downward cycle of November 29, the stage of correction.

Trading recommendations:

Buy: 128.38 Take profit: 128.70

Buy: 128.80 Take profit: 129.20

Sell: 127.96 Take profit: 127.74

Sell: 127.66 Take profit: 127.47

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For the Pound / Yen currency pair, key levels on the H1 scale are: 143.88, 143.57, 143.34, 142.74, 142.24 and 141.90. Here, the subsequent targets for the downward movement, we determined from the local structure on December 5th. The continuation of the downward movement is expected after the breakdown of 142.74. Here, the target is 142.24. The potential value for the bottom is considered the level of 141.90, after reaching which, we expect consolidation, as well as a rollback to the top.

The short-term upward movement is possible in the range of 143.34 - 143.57 and the breakdown of the latter value will lead to an in-depth movement. Here, the target is 143.88 and this level is the key support for the downward structure.

The main trend is the local structure for the bottom of December 5th.

Trading recommendations:

Buy: 143.34 Take profit: 143.55

Buy: 143.60 Take profit: 143.86

Sell: 142.72 Take profit: 142.26

Sell: 142.20 Take profit: 141.90

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