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28.02.2019 08:18 AM
Fractal analysis of major currency pairs for February 28

Dear colleagues.

For the currency pair Euro / Dollar, the price is still in the correction zone and we expect further upward movement after the breakdown of 1.1406. For the Pound / Dollar currency pair, we consider the level of 1.3419 as a potential value for the top. For the currency pair Dollar / Franc, we are following the formation of the ascending structure of February 27. For the currency pair Dollar / Yen, the price forms the potential for the top on February 27 and the development of this structure is expected after the breakdown of 111.33. For the currency pair Euro / Yen, an upward trend development is expected after the breakdown of 126.36 and the level of 125.58 is the key support. For the currency pair Pound / Yen, subsequent targets for the top determined from the local ascending structure on February 22 and the upward trend is expected to develop after the price passes the range of 147.75 - 148.21.

Forecast for February 28:

Analytical review of H1-scale currency pairs:

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For the currency pair Euro / Dollar, the key levels on the H1 scale are 1.1455, 1.1442, 1.1423, 1.1406, 1.1376, 1.1360, 1.1333 and 1.1322. We continue to follow the development of the ascending structure of February 15. The short-term upward movement is expected in the area of 1.1406 - 1.1423 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 1.1442. The potential value for the top is considered the level of 1.1455, upon reaching which we expect consolidation, as well as a rollback to the correction.

The short-term downward movement is possible in the area of 1.1376 - 1.1360 and the breakdown of the latter value will lead to a prolonged correction. The target is 1.1333 and the range of 1.1333 - 1.1322 is the key support for the upward structure.

The main trend is the ascending structure of February 15.

Trading recommendations:

Buy 1.1406 Take profit: 1.1421

Buy 1.1424 Take profit: 1.1441

Sell: 1.1374 Take profit: 1.1361

Sell: 1.1358 Take profit: 1.1335

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For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3419, 1.3340, 1.3270, 1.3230, 1.3171 and 1.3140. We continue to follow the main upward trend of February 14. The continuation of the upward movement is expected after the breakdown of 1.3340. In this case, the potential target is 1.3419, upon reaching this level, we expect a rollback downwards.

The short-term downward movement is expected in the area of 1.3270 - 1.3230 and the breakdown of the last value will lead to a prolonged correction. The target is 1.3171 and the range of 1.3171 - 1.3140 is the key support for the top.

The main trend is the upward cycle of February 14.

Trading recommendations:

Buy: 1.3340 Take profit: 1.3419

Buy: Take profit:

Sell: 1.3270 Take profit: 1.3232

Sell: 1.3228 Take profit: 1.3171

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For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0069, 1.0055, 1.0034, 1.0028, 1.0017, 0.9999, 0.9988, 0.9973 and 0.9956. We follow the formation of the ascending structure of February 27. The continuation of the movement upwards is expected after the breakdown of 1.0017. In this case, the goal is 1.0028, and consolidation is near this level. The price passage of the range of 1.0028 - 1.0034 should be accompanied by a pronounced upward movement. The target is 1.0055. The potential value for the top is considered the level of 1.0069, upon reaching which we expect a rollback downwards.

The short-term downward movement is expected in the area of 0.9999 - 0.9988 and the breakdown of the last value will lead to a prolonged correction. The target is 0.9973 and this level is the key support. Its price passage will have to form a downward structure. In this case, the target is 0.9956.

The main trend is the formation of the ascending structure of February 27.

Trading recommendations:

Buy: 1.0017 Take profit: 1.0028

Buy: 1.0035 Take profit: 1.0055

Sell: 0.9999 Take profit: 0.9989

Sell: 0.9987 Take profit: 0.9975

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For the currency pair Dollar / Yen, the key levels on the scale are 111.81, 111.61, 111.33, 111.23, 111.10, 110.76, 110.64, 110.50 and 110.24. We follow the formation of the ascending structure of February 27. The movement upwards is expected after the breakdown of 111.10. In this case, the target is 111.23, and consolidation is near this level. The price passage of the range of 111.23 - 111.33 must be accompanied by a pronounced upward movement. The target is 111.61. The potential value for the top is considered the level of 111.81, after reaching which we expect a consolidated movement, as well as a rollback to the correction.

The short-term downward movement is possible in the area of 110.76 - 110.64 and the breakdown of the latter value will lead to a prolonged correction. The target is 110.50 and this level is the key support for the upward structure of February 27.

The main trend is the formation of the ascending structure of February 27.

Trading recommendations:

Buy: 111.10 Take profit: 111.23

Buy: 111.35 Take profit: 111.60

Sell: 110.76 Take profit: 110.65

Sell: 110.62 Take profit: 110.50

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For the currency pair Canadian dollar / Dollar, the key levels on the H1 scale are 1.3237, 1.3206, 1.3177, 1.3161, 1.3114, 1.3088, 1.3069 and 1.3024. The price forms a local structure to continue moving downwards. We expect the development of the downward trend after the breakdown of 1.3114. The target is 1.3088 and in the area of 1.3088 - 1.3069 is the consolidation. The potential value for the bottom is considered the level of 1.3024, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the area of 1.3161 - 1.3177 and the breakdown of the latter value will lead to a deep correction. The target is 1.3206 and this level is the key support for the bottom.

The main trend is the formation of a local structure for the bottom of February 26.

Trading recommendations:

Buy: 1.3177 Take profit: 1.3206

Buy: 1.3208 Take profit: 1.3237

Sell: 1.3114 Take profit: 1.3088

Sell: 1.3069 Take profit: 1.3026

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For the currency pair Australian dollar / Dollar, the key levels on the H1 scale are 0.7280, 0.7262, 0.7231, 0.7209, 0.7181, 0.7130, 0.7118, 0.7098 and 0.7071. We continue to monitor the ascending structure of February 21. The resumption of the upward movement is possible after the breakdown of 0.7181. In this case, the firsy goal is 0.7209 and the breakdown of which will allow us to count on the movement towards 0.7231, near this level is the consolidation of the price. The breakdown of the level of 0.7231 should be accompanied by a pronounced upward movement. The target is 0.7262. We consider the level of 0.7280 as a potential value for the top, upon reaching which we expect consolidation, as well as a rollback to the top.

The range of 0.7130 - 0.7118 is the key support for the top. Its price passage will have to develop the downward movement. In this case, the goal is 0.7098. For now, the potential value for the bottom is considered the level of 0.7071, near which we expect consolidation.

The main trend is the upward structure of February 21, the stage of deep correction.

Trading recommendations:

Buy: 0.7181 Take profit: 0.7209

Buy: 0.7210 Take profit: 0.7230

Sell: 0.7118 Take profit: 0.7100

Sell: 0.7096 Take profit: 0.7073

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For the currency pair Euro / Yen, the key levels on the H1 scale are 127.61, 127.26, 127.00, 126.65, 126.36, 126.10, 125.71, 125.58 and 125.33. We continue to monitor the local ascending structure of February 22. The short-term upward movement is expected in the area of 126.10 - 126.36 and the breakdown of the latter value will lead to a pronounced movement. The target is 127.00 and in the area of 127.00 - 127.26 is the short-term upward movements, as well as consolidation. The potential value for the top is considered the level of 127.61, after reaching which we expect a departure to the correction.

The short-term downward movement is expected in the area of 125.71 - 125.58 and this range is the key support for the upward structure of February 22. Its price passage will have to form a downward trend. In this case, the first potential target is 125.33.

The main trend is the local structure for the top of February 22.

Trading recommendations:

Buy: 126.10 Take profit: 126.34

Buy: 126.38 Take profit: 126.65

Sell: 125.58 Take profit: 125.35

Sell: Take profit:

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For the currency pair Pound / Yen, the key levels on the H1 scale are 150.49, 149.47, 149.01, 148.21, 147.75, 147.22, 146.80 and 146.06. We determined the subsequent targets from the local ascending structure on February 22. The short-term upward movement is expected in the area of 147.75 - 148.21 and the breakdown of the latter value should be accompanied by a pronounced upward movement. The target is 149.01 and in the area of 149.01 - 149.47 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 150.49, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the area of 147.22 - 146.80 and the breakdown of the latter value will lead to an in-depth correction. The target is 146.06 and this level is the key support for the top.

The main trend is the local structure for the top of February 22.

Trading recommendations:

Buy: 147.77 Take profit: 148.20

Buy: 148.25 Take profit: 149.00

Sell: 147.22 Take profit: 146.82

Sell: 146.78 Take profit: 146.10

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