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Fractal analysis for major currency pairs on January 6



DATE OF PUBLICATION: 2021-01-06 12: 50: 08Hello, dear colleagues. For the EUR / USD pair, the subsequent targets for the top are determined from the local ascending structure on December 31, level 1.2252 is the key support. The Pound / Dollar pair is expected to move to the level of 1.2731, the level of 1.3471 is the key support. For the dollar / franc pair, we expect the downward movement to continue after the price passes the noise range 0.8747 – 0.8732. As for the USD / Yen pair, we expect the downward movement to continue after the price passes the noise range 102.76 – 102.62, the level 103.45 is the key support. As for the Euro / Yen pair, we expect the cancellation of the descending structure from December 29 after the breakdown of 126.99. For the Pound / Yen pair, the level of 141.41 is the key resistance, the level of 138.88 is the key support. Forecast for January 6: Analytical review of currency pairs on the H1 scale: For the Euro / Dollar pair, the key levels on the H1 scale are: 1.2445, 1.2409, 1.2384, 1.2347, 1.2310, 1.2286 and 1.2252. Here, we have determined the subsequent targets from the local upward structure on December 31st. Continuation of the upward movement is expected after the breakdown of 1.2347, in this case the target is 1.2384, in the corridor 1.2384 – 1.2409 there is a short-term upward movement, as well as consolidation. We consider the level of 1.2445 as a potential value for the top, upon reaching which we expect consolidation, as well as a rollback downward. A short-term downward movement is possible in the corridor 1.2310 – 1.2286, a breakdown of the last value will lead to a deep correction, here the target is 1.2252, this level is the key support for the top. The main trend is a local upward structure from December 31. Trading recommendations: Buy: 1.2348 Take profit: 1.2384Buy: 1.2385 Take profit: 1.2407 Sell: 1.2310 Take profit: 1.2287 Sell: 1.2284 Take profit: 1.2253 For the Pound / Dollar pair by key levels in the scale H1 are: 1.3921, 1.3809, 1.3731, 1.3612, 1.3561 and 1.3471. Here we are following the upward structure from December 21st. At the moment, we expect movement to the level of 1.3731, in the corridor 1.3731 – 1.3809 short-term upward movement, as well as consolidation. A potential value for the top is the level of 1.3921, upon reaching which we expect a pullback downward. A short-term downward movement is expected in the range 1.3612 – 1.3561, a breakdown of the last value will lead to a deep correction, here the potential target is 1.3471. The main trend is an upward structure from December 21 Trading recommendations: Buy : 1.3733 Take profit: 1.3807Buy: 1.3811 Take profit: 1.3920 Sell: 1.3611 Take profit: 1.3562 Sell: 1.3560 Take profit: 1.3471 For the dollar / Franc pair, the key levels on the H1 scale are: 0.8815, 0.8790, 0.8774, 0.8747, 0.8732, 0.8707 and 0.8669. Here we are following the descending structure from December 28th. Continuation of the downward movement is expected after the price passes the noise range 0.8747 – 0.8732, in this case the target is 0.8707, near this level there is consolidation. We consider 0.8669 as a potential value for the bottom, upon reaching which we expect a rollback upward. A short-term upward movement is possible in the 0.8774 – 0.8790 corridor, a breakdown of the last value will lead to a deep correction, here the potential target is 0.8815, this level is the key support for the downward structure. The main trend is descending structure from December 28 Trade recommendations: Buy: 0.8775 Take profit: 0.8789 Buy: 0.8791 Take profit: 0.8815 Sell: 0.8732 Take profit: 0.8708 Sell: 0.8705 Take profit: 0.8672 For the USD / Yen pair, the key levels in the scale are: 103.45, 103.22, 103.05, 102.76, 102.62, 102.24, 102.00 and 101.66. Here, the continuation of the development of the downward structure from December 28 is expected after the price passes the noise range 102.76 – 102.62, in this case the target is 102.24, in the corridor 102.24 – 102.00 there is a short-term downward movement, as well as consolidation. We consider the level 101.66 as a potential value for the bottom, upon reaching which we expect consolidation, as well as a rollback upward. A short-term upward movement is expected in the corridor 103.05 – 103.22, a breakdown of the last value will lead to a deep correction, here the target is 103.45, this level is the key support for the downward structure from December 28. Main tendency: descending structure from December 28 Trade recommendations: Buy: 103.05 Take profit: 103.21 Buy: 103.23 Take profit: 103.44 Sell: 102.61 Take profit: 102.25 Sell: 102.22 Take profit: 102.02 For the pair Canadian dollar / dollar by key levels on the H1 scale are: 1.2800, 1.2725, 1.2692, 1.2644, 1.2600, 1.2548, 1.2508 and 1.2458. Here we are following the formation of the January 4th downtrend structure. The downward movement is expected to continue after the breakdown of 1.2644, in this case the target is 1.2600, near this level there is consolidation. A breakdown of the level of 1.2600 will lead to a pronounced downward movement, here the target is 1.2548, in the corridor 1.2548 – 1.2508 there is a short-term downward movement, as well as consolidation. The potential value for the bottom is the level of 1.2458, upon reaching which we expect a rollback upward. A short-term upward movement is expected in the corridor 1.2692 – 1.2725, a breakdown of the last value will favor the development of an upward structure, in this case the potential target is 1.2800. The main trend is the formation of a downward structure from January 4 Trade recommendations: Buy: 1.2692 Take profit: 1.2725 Buy: 1.2728 Take profit: 1.2800 Sell: 1.2644 Take profit: 1.2602 Sell: 1.2598 Take profit: 1.2548 For the Australian dollar / Dollar pair, the key levels on the H1 scale are: 0.7696, 0.7921, 0.7884 , 0.7832, 0.7770, 0.7736, 0.7697 and 0.7642. Here, the subsequent targets for the top are determined from the local structure on January 4th. The continuation of the upward movement is expected after the breakdown of 0.7832, in this case the target is 0.7884, in the 0.7884 – 0.7921 corridor there is a short-term upward movement, as well as consolidation. We consider the level of 0.7969 as a potential value for the top, upon reaching which we expect a rollback downward. A short-term downward movement is expected in the corridor 0.7770 – 0.7736, a breakdown of the last value will lead to a deep correction, here the target is 0.7697, this level is the key support for the upward structure from January 4. The main trend is a local ascending structure from January 4 Trading recommendations: Buy: 0.7832 Take profit: 0.7884 Buy: 0.7886 Take profit: 0.7920 Sell: 0.7770 Take profit: 0.7737 Sell: 0.7734 Take profit: 0.7698 For the EUR / Yen pair, the key levels on the H1 scale are : 127.20, 126.99, 126.69, 126.11, 125.83, 125.62, 125.34 and 125.15. Here we are following the development of the descending structure from December 29. Continuation of the downward movement is expected after the breakdown of 126.11, in this case the target is 125.83, in the corridor 125.83 – 125.62 there is a short-term downward movement, as well as consolidation. Breakdown of the level of 125.62 will lead to a pronounced downward movement, here the target is 125.34. We consider the level 125.15 as a potential value for the bottom, upon reaching which we expect consolidation, as well as a rollback upward. A short-term upward movement, as well as consolidation, is expected in the range 126.69 – 126.99, a breakdown of the last value will lead to the formation of initial conditions for an upward cycle, here the first target is 127.20 .The main trend is a downward structure from December 29, the stage of correction. Trade recommendations: Buy: 126.71 Take profit: 126.98Buy: 127.00 Take profit: 127.20Sell: 126.10 Take profit: 125.84Sell: 125.61 Take profit: 125.35By pound / yen pair by key levels in scale H1 are: 143.04, 142.10, 141.41, 140.69, 139.63 and 138.88. Here we are following the development of the upward cycle of December 21. Continuation of the upward movement is expected after the breakdown of 140.69, in this case the first target is 141.41, in the corridor 141.41 – 142.10 there is a short-term upward movement, as well as consolidation. We consider the level 143.04 as a potential value for the top, upon reaching which we expect consolidation, as well as a rollback downward. A short-term downward movement is expected in the corridor 139.63 – 138.88, hence we expect a key upward reversal. The breakdown of the level 138.88 will be conducive to the development of a downward trend, in this case, the targets will be determined from the initial conditions on December 24.The main trend is the upward structure of December 21, the correction stage Trade recommendations: Buy: 140.70 Take profit: 141.40Buy: 141.43 Take profit: 142.10Sell : 139.61 Take profit: 138.90 Sell: Take profit: If you have any questions about this analytics, you can ask them on the Forexdengi.com forum in the analytics section of Alexey Almazov. Material provided by InstaForex – www.instaforex.com Source – InstaForex

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