Fractal analysis of major currency pairs on March 26

Forecast for March 26:

Analytical review of H1-scale currency pairs:

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For the Euro / Dollar pair, the key levels on the H1 scale are: 1.1378, 1.1341, 1.1318, 1.1280, 1.1265, 1.1238 and 1.1203. Here, we continue to follow the development of the downward structure of March 20. Continuation of the movement to the bottom is expected after the price passes the noise range of 1.1280 - 1.1265. In this case, the goal is 1.1238. For the potential value for the downward movement, we consider the level of 1.1203, after reaching which, we expect to go into a correction.

Short-term upward movement is possible in the range of 1.1318 - 1.1341. The breakdown of the latter value will lead to in-depth movement. Here, the target is 1.1378, this level is a key support for the upward structure.

The main trend is the formation of the downward structure of March 20.

Trading recommendations:

Buy 1.1318 Take profit: 1.1340

Buy 1.1345 Take profit: 1.1376

Sell: 1.1265 Take profit: 1.1240

Sell: 1.1236 Take profit: 1.1205

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For the Pound / Dollar pair, the key levels on the H1 scale are 1.3253, 1.3206, 1.3161, 1.3043, 1.3018, 1.2976, 1.2914 and 1.2881. Here, the situation is in equilibrium: the downward structure of March 19 and the upward potential of March 21. Continuation of the movement to the bottom is expected after the breakdown of 1.3112. In this case, the first goal is 1.3043. A passage at the price of the noise range 1.3043 - 1.3018 will lead to the development of a downward trend on the scale of H1. Here, the goal is 1.2976, and consolidation is near this level. The breakdown of the level 1.2976 should be accompanied by a pronounced downward movement. In this case, the target is 1.2914. For the potential value for the downward structure, we consider the level of 1.2881, after reaching which, we expect a rollback to the top.

Short-term upward movement, possibly in the corridor 1.3206 - 1.3253, the latter is a key support for the downward structure of March 19, its breakdown will have to develop the upward cycle. Here, the first target is 1.3311.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 1.3208 Take profit: 1.3250

Buy: 1.3255 Take profit: 1.3310

Sell: 1.3112 Take profit: 1.3045

Sell: 1.3016 Take profit: 1.2978

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For the Dollar / Franc pair, the key levels on the H1 scale are: 0.9970, 0.9942, 0.9928, 0.9902, 0.9885, 0.9862 and 0.9845. Here, the price forms a local structure for the downward movement of March 22. Short-term downward movement is possible in the range of 0.9902 - 0.9885. The breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the goal is 0.9862. For the potential value for the bottom, we consider the level of 0.9845, after reaching which, we expect consolidation.

Short-term upward movement is possible in the range of 0.9928 - 0.9942. The breakdown of the latter value will have to form an ascending structure. Here, the first potential target is 0.9970.

The main trend is the formation of a local structure for the bottom of March 22.

Trading recommendations:

Buy: 0.9928 Take profit: 0.9941

Buy : 0.9943 Take profit: 0.9970

Sell: 0.9902 Take profit: 0.9886

Sell: 0.9883 Take profit: 0.9862

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For the Dollar / Yen pair, the key levels on the scale are: 110.39, 110.09, 109.93, 109.60, 109.31 and 109.05. Here, we continue to follow the development of the downward structure of March 15. At the moment, the price is in the correction. Continuation of the movement to the bottom is expected after the breakdown of 109.60. The goal here is 109.31, consolidation is near this level, and hence the probability of going into correction is high. For the potential value for the downward movement, we consider the level of 109.05.

Consolidated movement is possible in the range of 109.93 - 110.09. The breakdown of the latter value will lead to a prolonged correction. ere, the target is 110.39. This level is a key support for the downward structure.

The main trend: the downward structure of March 15, the stage of correction.

Trading recommendations:

Buy: 109.93 Take profit: 110.07

Buy: 110.11 Take profit: 110.36

Sell: 109.60 Take profit: 109.33

Sell: 109.29 Take profit: 109.07

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For the Canadian dollar / Dollar pair, the key levels on the H1 scale are: 1.3539, 1.3500, 1.3481, 1.3447, 1.3405, 1.3383 and 1.3348. Here, we are following the development of the ascending structure of March 20. Continuation of the movement to the top is expected after the breakdown of 1.3447. In this case, the goal is 1.3481, in the range of 1.3481 - 1.3500 consolidation. For the potential value for the top, we consider the level of 1.3539, after reaching which, we expect to go into a correction.

Short-term downward movement is possible in the range of 1.3405 - 1.3383, breaking the last value will lead to in-depth movement. Here, the target is 1.3348, this level is a key support for the top.

The main trend is the ascending structure of March 20.

Trading recommendations:

Buy: 1.3447 Take profit: 1.3480

Buy : 1.3500 Take profit: 1.3539

Sell: 1.3405 Take profit: 1.3384

Sell: 1.3381 Take profit: 1.3350

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For the Australian dollar / Dollar pair, the key levels on the H1 scale are : 0.7168, 0.7137, 0.7119, 0.7083, 0.7059, 0.7031, 0.7011 and 0.6982. Here, we are following the development of the downward structure of March 21. Continuation of the movement to the bottom is expected after the breakdown of 0.7083. In this case, the first goal is 0.7059. The breakdown of which will allow us to expect movement to the level of 0.7031, in the range of 0.7031 - 0.7011 short-term downward movement, as well as consolidation. For a potential value for the bottom, we consider the level of 0.6982, after reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 0.7119 - 0.7137. The breakdown of the latter value will have an uptrend development. Here, the goal is 0.7168. Up to this level, we expect the design of a pronounced structure for the upward cycle.

The main trend is the downward structure of March 21, the stage of correction.

Trading recommendations:

Buy: 0.7120 Take profit: 0.7136

Buy: 0.7138 Take profit: 0.7162

Sell : 0.7083 Take profit : 0.7063

Sell: 0.7057 Take profit: 0.7035

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For the Euro / Yen pair, the key levels on the H1 scale are: 125.56, 125.01, 124.57, 124.28, 123.83, 123.44 and 123.03. Here, we are following the development of the downward structure from March 20. At the moment, the price is in the correction. Continuation of the movement to the bottom is expected after the breakdown of 123.83. Here, the target is 123.44, in the range of 123.83 - 123.44 price consolidation. For the potential value for the downward movement, we consider the level of 123.03, after reaching which, we expect a rollback to the top.

Consolidated movement is possible in the range of 124.28 - 124.57. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 125.01, this level is a key support for the bottom. Its breakdown by price will allow us to count on the movement to the potential target - 125.56.

The main trend is the downward structure of March 20, the stage of correction.

Trading recommendations:

Buy: 124.60 Take profit: 125.00

Buy: 125.05 Take profit: 125.55

Sell: 123.80 Take profit: 123.48

Sell: 123.42 Take profit: 123.06

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For the Pound / Yen pair, key levels on the H1 scale are: 146.56, 145.77, 145.28, 144.25, 143.72, 142.84 and 142.24. ere, we continue to follow the development of the downward cycle of March 14. Short-term downward movement is possible in the range of 144.25 - 143.72. The breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the target is 142.84. For the potential value for the bottom, we consider the level of 142.24, after reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 145.28 - 145.77. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 146.56.

The main trend is the downward structure of March 14.

Trading recommendations:

Buy: 145.28 Take profit: 145.75

Buy: 145.80 Take profit: 146.55

Sell: 144.25 Take profit: 143.72

Sell: 143.70 Take profit: 142.86

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

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