Fractal analysis of major currency pairs on March 5

Dear colleagues.

For the currency pair Euro / Dollar, we are following the downward structure of February 28 and the downward movement is possible after the breakdown of 1.1312. For the currency pair Pound / Dollar, we are following the downward structure of February 27 and the development of which is expected after the passage of the range of 1.3132 - 1.3105. For the currency pair Dollar / Franc, the price forms the initial conditions for the top of February 28 and the development of which is expected after the breakdown of 1.0022. For the currency pair Dollar / Yen, we are following the development of the upward cycle of February 27. For the currency pair Euro / Yen, the price is in deep correction and forms the potential for the bottom of March 1. For the currency pair Pound / Yen, the main development of the upward trend from February 22 is expected after the passage of the range of 147.75 - 148.21 and the level of 146.80 is the key support.

Forecast for March 5:

Analytical review of H1-scale currency pairs:

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For the Euro / Dollar currency pair, the key levels on the H1 scale are 1.1372, 1.1352, 1.1337, 1.1322, 1.1312, 1.1296, 1.1274, 1.1260 and 1.1232. We are following the downward structure of February 28. We expect the downward movement to continue after the price passes the range of 1.1322 - 1.1312. In this case, the target is 1.1296, and consolidation is near this level. The breakdown of the level of 1.1296 should be accompanied by a pronounced upward movement. The goal is 1.1274 and in the range of 1.1274 - 1.1260 is the price consolidation. The potential value for the bottom is considered the level of 1.1232, upon reaching which we expect a rollback to the correction.

The short-term upward movement is possible in the range of 1.1337 - 1.1352 and the breakdown of the latter value will lead to a prolonged correction. The target is 1.1372 and this level is the key support for the downward structure.

The main trend is the downward cycle of February 28.

Trading recommendations:

Buy 1.1337 Take profit: 1.1350

Buy 1.1353 Take profit: 1.1370

Sell: 1.1312 Take profit: 1.1296

Sell: 1.1294 Take profit: 1.1274

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For the currency pair Pound / Dollar, the key levels on the H1 scale are 1.3284, 1.3235, 1.3202, 1.3132, 1.3105, 1.3041 and 1.2999. We are following the downward structure of February 27. A downward movement is expected after the price passes the range of 1.3132 - 1.3105. In this case, the target is 1.3041. The potential value for the bottom is considered the level of 1.2999, after reaching which we expect consolidation, as well as a rollback to the top.

The short-term upward movement is expected in the range of 1.3202 - 1.3235 and the breakdown of the last value will lead to a deep correction. The target is 1.3284 and this level is the key support for the downward structure of February 27.

The main trend is the downward structure of February 27.

Trading recommendations:

Buy: 1.3202 Take profit: 1.3233

Buy: 1.3236 Take profit: 1.3284

Sell: 1.3105 Take profit: 1.3045

Sell: 1.3040 Take profit: 1.3000

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For the currency pair Dollar / Franc, the key levels on the H1 scale are 1.0107, 1.0092, 1.0065, 1.0047, 1.0022, 0.9968, 0.9952 and 0.9924. We follow the formation of the initial conditions for the top of February 28. We expect the continuation of the upward movement after the breakdown of 1.0022. In this case, the target is 1.0047 and in the range of 1.0047 - 1.0065 is the short-term upward movement, as well as consolidation. The breakdown of the level of 1.0065 should be accompanied by a pronounced upward movement. The goal is 1.0092. The potential value for the top is considered the level of 1.0107, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is possible in the range of 0.9968 - 0.9952 and the breakdown of the latter value will lead to a movement to the first potential target of 0.9924.

The main trend is the formation of the ascending structure of February 28.

Trading recommendations:

Buy: 1.0022 Take profit: 1.0047

Buy: 1.0065 Take profit: 1.0090

Sell: 0.9968 Take profit: 0.9953

Sell: 0.9950 Take profit: 0.9925

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For the currency pair Dollar / Yen, the key levels on the scale are 112.81, 112.56, 112.44, 112.23, 112.07, 111.81, 111.61 and 111.33. We continue to monitor the ascending structure of February 27. The short-term upward movement is expected in the range of 112.07 - 112.23 and the breakdown of the last value should be accompanied by a pronounced upward movement. The goal is 112.44 and in the range of 112.44 - 112.56 is the consolidation of the price. The potential value for the top is considered the level of 112.81, after reaching which we expect a departure to a correction.

The short-term downward movement is possible in the range of 111.81 - 111.61 and the breakdown of the latter value will lead to a prolonged correction. The target is 111.33 and this level is the key support for the upward structure of February 27.

The main trend is the ascending cycle of February 27.

Trading recommendations:

Buy: 112.07 Take profit: 112.21

Buy: 112.25 Take profit: 112.44

Sell: 111.80 Take profit: 111.63

Sell: 111.58 Take profit: 111.35

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For the currency pair Canadian Dollar / Dollar, the key levels on the H1 scale are 1.3485, 1.3440, 1.3414, 1.3347, 1.3317, 1.3291, 1.3262 and 1.3237. We are following the formation of the ascending structure from March 1. The short-term upward movement is expected in the range of 1.3347 - 1.3373 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 1.3414 and in the range of 1.3414 - 1.3440 is the price consolidation. The potential value for the top is considered the level of 1.3485, after reaching which we expect a departure to the correction.

The short-term downward movement is possible in the range of 1.3317 - 1.3291 and the breakdown of the latter value will lead to an in-depth correction. The target is 1.3262. We expect the design of the top of the initial conditions for the downward cycle in the range of 1.3262 - 1.3237.

The main trend is the formation of the initial conditions for the ascending cycle of March 1

Trading recommendations:

Buy: 1.3347 Take profit: 1.3372

Buy: 1.3374 Take profit: 1.3314

Sell: 1.3317 Take profit: 1.3292

Sell: 1.3289 Take profit: 1.3262

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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 range 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 range of 0.7109 - 0.7127 and the breakdown of the latter value will lead to an in-depth 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 128.27, 127.85, 127.61, 127.29, 127.04, 126.52, 126.36, 126.04 and 125.63. The price is in a deep correction from the uptrend and forms the potential for the downward movement of March 1. The range of 126.52 - 126.36 is the key support for the ascending structure. Its price passage will make it possible to count on a move to the level of 126.04, near which is consolidation. The potential value for the bottom is considered the level of 125.63, after reaching this level, we expect a rollback to the top.

The short-term upward movement is expected in the range of 127.04 - 127.29, hence the probability of a downward reversal. The breakdown of 127.30 will continue the development of the upward trend on the H1 scale. In this case, the first potential target is 127.61.

The main trend is a deep correction, the formation of potential for the bottom of March 1.

Trading recommendations:

Buy: 127.05 Take profit: 127.27

Buy: 127.31 Take profit: 127.60

Sell: 126.36 Take profit: 126.10

Sell: 126.02 Take profit: 125.65

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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 continue to monitor the ascending structure of February 22. The short-term upward movement is expected in the range 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 range of 149.01 - 149.47 is the short-term upward movements, 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 range 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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