Fractal analysis of major currency pairs on March 1

Dear colleagues.

For the currency pair Euro / Dollar, the price entered the equilibrium state. We expect further upward movement after the breakdown of 1.1406 and the level of 1.1360 is the key support. For the currency pair Pound / Dollar, an upward trend development on the H1 scale is possible after a breakdown of 1.3340, and at the current moment, the price is in correction. For the currency pair Dollar / Franc, the price has issued a local structure for the downward trend and the level of 0.9997 is the key support. For the currency pair Dollar / Yen, we expect further upward movement after the breakdown of 111.61. For the currency pair Euro / Yen, the upward trend of February 22 is expected to develop after the breakdown of 127.00. For the currency pair Pound / Yen, the main development of the upward trend from February 22 should occur after the passage of the range of 147.75 - 148.21.

Forecast for March 1:

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. The price entered the equilibrium state. 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 equilibrium state.

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 for the scale H1 are 1.0017, 0.9997, 0.9985, 0.9947, 0.9920, 0.9904, 0.9891 and 0.9858. The price has issued a local downward structure of February 27. The downward movement is expected after the breakdown of 0.9947. The target is 0.9920 and the breakdown of which will allow us to count on the movement towards 0.9904, consolidation is near this level. The potential value for the bottom is considered the level of 0.9858 and the movement to which is expected after the price breaks through the level of 0.9890.

The range of 0.9985 - 0.9997 is the key support for the downward structure of February 27. Its price passage will tend to the formation of an upward trend. In this case, the first potential target is 1.0017.

The main trend is the local downward structure of February 27.

Trading recommendations:

Buy: 0.9998 Take profit: 1.0016

Buy: Take profit:

Sell: 0.9945 Take profit: 0.9920

Sell: 0.9890 Take profit: 0.9858

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For the currency pair Dollar / Yen, the key levels on the scale of H1 are 112.23, 112.07, 111.81, 111.61, 111.33, 111.23 and 111.06. We continue to monitor the ascending structure of February 27. The short-term upward movement is expected in the range of 111.61 - 111.81 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 112.07. The potential value for the top is considered the level of 112.23, after reaching which we expect a departure to the correction.

The short-term downward movement is possible in the area of 111.33 - 111.23 and the breakdown of the latter value will lead to a prolonged correction. The target is 111.06 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: 111.61 Take profit: 111.80

Buy: 111.85 Take profit: 112.07

Sell: 111.23 Take profit: 111.06

Sell: Take profit:

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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

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 0.7153, 0.7127, 0.7109, 0.7071, 0.7052, 0.7026 and 0.7010. We are following the development of the downward cycle of February 27. The short-term downward movement is expected in the area of 0.7071 - 0.7052 and the breakdown of the last value should be accompanied by a pronounced downward movement. The goal is 0.7026. The potential value for the bottom is considered the level of 0.7010, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the area of 0.7109 - 0.7127 and the breakdown of the latter value will lead to a deep correction. The target is 0.7153 and this level is the key support for the downward structure.

The main trend is the downward cycle of February 27.

Trading recommendations:

Buy: 0.7109 Take profit: 0.7125

Buy: 0.7128 Take profit: 0.7152

Sell: 0.7070 Take profit: 0.7054

Sell: 0.7051 Take profit: 0.7026

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For the currency pair Euro / Yen, the key levels on the H1 scale are 127.61, 127.26, 127.00, 126.55, 126.36, 126.10 and 125.85. We continue to monitor the local ascending structure of February 22. The short-term upward movement is expected in the area of 127.00 - 127.26 and the breakdown of the last value will allow you to count on the movement towards a potential target of 127.61, from this level, we expect a departure to a correction.

The short-term downward movement is expected in the area of 126.55 - 126.36 and the breakdown of the latter value will lead to an in-depth movement. The goal is 126.10. We expect registration of the initial conditions for the downward cycle in the range of 126.10 - 125.85 and to the level of 125.85.

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

Trading recommendations:

Buy: 127.00 Take profit: 127.24

Buy: 127.28 Take profit: 127.60

Sell: 126.55 Take profit: 126.36

Sell: 126.33 Take profit: 126.10

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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

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

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