Fractal analysis of major currency pairs for February 27

Dear colleagues.

For the currency pair Euro / Dollar, we should continue moving upwards after the breakdown of 1.1406 and the level of 1.1360 is the key support. For the currency pair Pound / Dollar, there is a high probability of going into correction from the range of 1.3286 - 1.3320. For the currency pair Dollar / Franc, we mainly expect the departure of the correction and the design of the initial conditions for the upward cycle. For the currency pair Dollar / Yen, we are following the development of the downward structure from February 25 and we expect the continuation of the downward movement after the breakdown of 110.38. For the currency pair Euro / Yen, subsequent targets for the top were determined from the local upward structure on February 22. For the currency pair Pound / Yen, there is a high probability of going into correction from the range of 147.08 - 147.70.

Forecast for February 27:

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 range 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 range 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 1.3264, 1.3219, 1.3153, 1.3102, 1.3063, 1.3026 and 1.2965. We continue to follow the main upward trend of February 14. At the moment, the price is near the limit values. The short-term upward movement is expected in the range of 1.3286 - 1.3320, hence the probability of going into a correction is high. The breakdown of the level of 1.3320 will allow us to count on the movement towards the potential target of 1.3419, after reaching which we expect to go into a correction.

The short-term downward movement is expected in the range of 1.3219 - 1.3188 and the breakdown of the last value will lead to a prolonged correction. The target is 1.3140 and the breakdown of which, in turn, will have to form a downward structure. The potential target is 1.3091.

The main trend is the upward cycle of February 14.

Trading recommendations:

Buy: 1.3286 Take profit: 1.3320

Buy: 1.3322 Take profit: 1.3390

Sell: 1.3119 Take profit: 1.3188

Sell: 1.3186 Take profit: 1.3140

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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. The goals are still unchanged, but mainly we expect not the continuation of the main trend, but a rollback to correction and the formation of initial conditions for the top. The short-term downward movement is expected in the range 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 range 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 range 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, we expect to go into a correction.

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 110.92, 110.76, 110.64, 110.38, 110.24, 110.07 and 109.98. We are following the development of the downward structure of February 25. The downward movement is expected to continue after the breakdown of 110.38. The target is 110.24, and near this level, there is price consolidation. The breakdown of the level of 110.24 should be accompanied by a pronounced downward movement. The target is 110.07. The potential value for the bottom is considered the level of 109.98, after reaching which we expect consolidation and rollback to the top.

The short-term upward movement is possible in the range of 110.64 - 110.76, and the breakdown of the latter value will lead to a prolonged correction. The goal is 110.92 and this level is the key support for the downward structure of February 25.

The main trend is the initial conditions for the downward cycle from February 25.

Trading recommendations:

Buy: 110.64 Take profit: 110.74

Buy: 110.78 Take profit: 110.90

Sell: 110.38 Take profit: 110.26

Sell: 110.23 Take profit: 110.07

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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 range 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 0.7280, 0.7262, 0.7231, 0.7209, 0.7167, 0.7152, 0.7130 and 0.7118. We continue to monitor the ascending structure of February 21. An upward movement is expected after the breakdown of 0.7209. In this case, the target is 0.7231 and price consolidation is near this level. The breakdown of the level of 0.7231 should be accompanied by a pronounced upward movement. The target is 0.7262, the potential value for the top is considered to be the level of 0.7280, upon reaching which we expect consolidation, as well as a rollback to the bottom.

The short-term downward movement is possible in the range of 0.7167 - 0.7152 and the breakdown of the latter value will lead to a prolonged correction. The target is 0.7130 and the range of 0.7130 - 0.7118 is the key support for the upward structure.

The main trend is the rising structure of February 21.

Trading recommendations:

Buy: 0.7210 Take profit: 0.7230

Buy: 0.7232 Take profit: 0.7260

Sell: 0.7167 Take profit: 0.7152

Sell: 0.7150 Take profit: 0.7130

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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 determined the subsequent targets for the top from the local ascending structure on February 22. The short-term upward movement is expected in the range 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 range of 127.00 - 127.26 is the short-term upward movement, 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 range 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 148.93, 147.70, 147.08, 146.06, 145.63, 144.96 and 144.13. We continue to follow the upward trend from February 15. The movement upwards is expected after the breakdown of 147.08. The target is 147.70 and from the range of 147.08 - 147.70, there is a high probability of a reversal to the correction zone. The breakdown of the level of 147.80 will allow you to count on the movement to the potential value of 148.93, from which we expect to go down.

The short-term downward movement is possible in the range of 146.06 - 145.63 and the breakdown of the latter value will lead to an in-depth correction. The goal is 144.96 and this level is the key support for the top. Its price passage will have to form a downward structure.

The main trend is the upward cycle of February 15.

Trading recommendations

Buy: 147.10 Take profit: 147.60

Buy: 147.80 Take profit: 148.50

Sell: 146.06 Take profit: 145.65

Sell: 145.58 Take profit: 145.00

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

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