Fractal analysis of major currency pairs on February 26

Dear colleagues.

For the currency pair Euro / Dollar, the main uptrend is expected to develop after the breakdown of 1.1380 and the level of 1.1319 is the key support. For the currency pair Pound / Dollar, the price issued a small local structure for the top of February 22. For the currency pair Dollar / Franc, we should continue moving downwards after the breakdown of 0.9987 and the level of 1.0033 is the key support. For the currency pair Dollar / Yen, we are following the formation of the ascending structure of February 25. For the currency pair Euro / Yen, we expect a move to the level of 126.46 and a downward movement is considered as a correction. For the currency pair Pound / Yen, the upward movement is expected after the breakdown of 146.44 and the level of 144.86 is the key support.

Forecast for February 26:

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 1.1423, 1.1406, 1.1379, 1.1360, 1.1333, 1.1319, 1.1298 and 1.1287. We continue to follow the development of the ascending structure of February 15. The short-term upward movement is expected in the area of 1.1360 - 1.1379 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 1.1406. The potential value for the top is considered the level of 1.1423, upon reaching which we expect a rollback to the correction.

The short-term downward movement is possible in the area of 1.1333 - 1.1319 and the breakdown of the latter value will lead to an in-depth correction. The target is 1.1298 and the range of 1.1298 - 1.1287 is the key support for the ascending structure.

The main trend is the ascending structure of February 15.

Trading recommendations:

Buy 1.1360 Take profit: 1.1377

Buy 1.1380 Take profit: 1.1406

Sell: 1.1333 Take profit: 1.1321

Sell: 1.1317 Take profit: 1.1298

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For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3264, 1.3219, 1.3153, 1.3102, 1.3063, 1.3026 and 1.2965. The price has issued a small local structure for the top of February 22. An upward movement is expected after the breakdown of 1.3153. In this case, the goal is 1.3219. The potential value for the top is considered the level of 1.3264, upon reaching which we expect a rollback downwards.

The short-term downward movement is expected in the area of 1.3102 - 1.3063 and the breakdown of the latter value will lead to a prolonged correction. The target is 1.3026 and the breakdown of which, in turn, will have to form a downward structure. The target is 1.2965.

The main trend is the upward cycle of February 14, the local structure of February 22.

Trading recommendations:

Buy: 1.3153 Take profit: 1.3219

Buy: 1.3222 Take profit: 1.3264

Sell: 1.3100 Take profit: 1.3065

Sell: 1.3060 Take profit: 1.3026

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For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0055, 1.0033, 1.0022, 1.0001, 0.9987, 0.9967, 0.9956 and 0.9931. We continue to monitor the downward structure of February 13. The short-term downward movement is expected in the area of 1.0001 - 0.9987. The breakdown of the latter value should be accompanied by a pronounced downward movement to the level of 0.9967 and in the area of 0.9967 - 0.9956 is the consolidation. The potential value for the bottom is considered the level of 0.9931, after reaching which we expect a rollback to the top.

The short-term upward movement is expected in the area of 1.0022 - 1.0033 and the breakdown of the last value will lead to a prolonged correction. The target is 1.0055 and this level is the key support.

The main trend is the downward cycle of February 13.

Trading recommendations:

Buy: 1.0022 Take profit: 1.0033

Buy: 1.0035 Take profit: 1.0050

Sell: 1.0000 Take profit: 0.9989

Sell: 0.9985 Take profit: 0.9969

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For the currency pair Dollar / Yen, the key levels on the scale of H1 are 111.87, 111.69, 111.46, 111.27, 110.92, 110.76 and 110.53. We are following the formation of the ascending structure of February 25. The continuation of the movement upwards is expected after the breakdown of 111.27. In this case, the goal is 111.46 and near this level is the price consolidation. The breakdown of the level of 111.46 should be accompanied by a pronounced upward movement. The goal is 111.69. The potential value for the top is considered the level of 111.87, after reaching which we expect a departure to a correction.

The short-term downward movement is possible in the area of 110.92 - 110.76 and the breakdown of the latter value will have to develop the downward structure. In this case, the first potential target is 110.53.

The main trend is the rising structure of February 25.

Trading recommendations:

Buy: 111.27 Take profit: 111.44

Buy: 111.48 Take profit: 111.69

Sell: 110.90 Take profit: 110.76

Sell: 110.74 Take profit: 110.55

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For the currency pair Canadian dollar / Dollar, the key levels on the H1 scale are 1.3283, 1.3261, 1.3229, 1.3216, 1.3198, 1.3169, 1.3150 and 1.3110. The price has issued a small ascending structure of February 25. An upward movement is expected after the breakdown of 1.3198. In this case, the target is 1.3216 and price consolidation is near this level. The price passage of the range of 1.3216 - 1.3229 should be accompanied by a pronounced upward movement. The target is 1.3261. The potential value for the top is considered the level of 1.3283, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the area of 1.3169 - 1.3150 and the breakdown of the latter value will have to develop the downward movement. The goal is 1.3110.

The main trend is the formation of initial conditions for the top of February 25 in the correction of the downward structure.

Trading recommendations:

Buy: 1.3198 Take profit: 1.3216

Buy: 1.3230 Take profit: 1.3260

Sell: 1.3167 Take profit: 1.3150

Sell: 1.3146 Take profit: 1.3110

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For the currency pair Australian dollar / Dollar, the key levels on the H1 scale are 0.7260, 0.7231, 0.7209, 0.7179, 0.7167, 0.7131, 0.7113, 0.7089 and 0.7068. We continue to monitor the formation of the initial conditions for the upward cycle of February 21. The movement upwards is expected after the price passes the range of 0.7167 - 0.7179. In this case, the target is 0.7209 and in the area of 0.7209 - 0.7231 is the short-term upward movement, as well as consolidation. The potential value for the top is considered to be the level of 0.7260, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the area of 0.7131 - 0.7113 and the breakdown of the last value will lead to a prolonged correction. The goal is 0.7090 and this level is the key support for the upward structure. Its breakdown will have to develop a downward movement. In this case, the first goal is 0.7068.

The main trend is the rising structure of February 21.

Trading recommendations:

Buy: 0.7180 Take profit: 0.7207

Buy: 0.7212 Take profit: 0.7230

Sell: 0.7130 Take profit: 0.711

Sell: 0.7110 Take profit: 0.7092

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For the currency pair Euro / Yen, the key levels on the H1 scale are 127.10, 126.65, 126.46, 126.03, 125.85, 125.51 and 125.37. We are following the development of the ascending cycle of February 15. The short-term upward movement is expected in the area of 126.46 - 126.65 and the breakdown of the last value should be accompanied by a pronounced upward movement. The potential target is 127.10, from this level, we expect a downward rollback.

The short-term downward movement is expected in the area of 126.03 - 125.85 and the breakdown of the latter value will have to form the downward structure. The target is 125.51 and the range of 125.51 - 125.37.

The main trend is the ascending structure of February 15.

Trading recommendations:

Buy: 126.46 Take profit: 126.63

Buy: 126.67 Take profit: 127.10

Sell: 126.02 Take profit: 125.86

Sell: 125.83 Take profit: 125.55

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For the currency pair Pound / Yen, the key levels on the H1 scale are 147.14, 146.44, 146.06, 145.24, 144.86 and 144.13. We are following the development of the ascending cycle of February 15. The short-term upward movement is expected in the area of 146.06 - 146.44 and the breakdown of the latter value will lead to a movement to the potential target of 147.14, from this level, we expect a rollback downwards.

The short-term downward movement is possible in the area of 145.24 - 144.86 and the breakdown of the latter value will lead to an in-depth correction. The target is 144.13 and this level is the key support for the top.

The main trend is the upward cycle of February 15.

Trading recommendations:

Buy: 146.06 Take profit: 146.42

Buy: 146.46 Take profit: 147.12

Sell: 145.24 Take profit: 144.86

Sell: 144.84 Take profit: 144.20

The material has been provided by InstaForex Company - www.instaforex.com

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