Fractal analysis for major currency pairs on December 13

Forecast for December 13:

Analytical review of currency pairs on the scale of H1:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1261, 1.1239, 1.1198, 1.1155, 1.1134 and 1.1103. Here, we are following the development of the upward cycle of November 29. The continuation of the movement to the top is expected after the breakdown of the level of 1.1198. In this case, the target is 1.1239. Price consolidation is near this level. For the potential value for the top, we consider the level of 1.1261. Upon reaching this value, we expect a rollback to the correction.

Short-term downward movement is expected in the range 1.1155 – 1.1134. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 1.1103. This level is a key support for the upward structure.

The main trend is the upward structure of November 29

Trading recommendations:

Buy: 1.1198 Take profit: 1.1239

Buy: 1.1241 Take profit: 1.1261

Sell: 1.1155 Take profit: 1.1135

Sell: 1.1132 Take profit: 1.1103

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For the pound / dollar pair, the key levels on the H1 scale are: 1.3732, 1.3598, 1.3534, 1.3417, 1.3360 and 1.3268. Here, the subsequent targets for the top were determined from the medium-term ascendant structure on November 27. Short-term movement to the top is expected in the range 1.3534 – 1.3598. Hence, there is a high probability of a reversal in the corrective movement. The breakdown of the level of 1.3600 will lead to a movement to a potential target – 1.3732. We consider the movement to this level as unstable.

Short-term downward movement is possibly in the range of 1.3417 – 1.3360. The breakdown of the last value will lead to a long correction. Here, the target is 1.3268. This level is a key support for the upward trend.

The main trend is the upward cycle of November 27

Trading recommendations:

Buy: 1.3535 Take profit: 1.3596

Buy: 1.3600 Take profit: 1.3680

Sell: 1.3417 Take profit: 1.3360

Sell: 1.3358 Take profit: 1.3280

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For the dollar / franc pair, the key levels on the H1 scale are: 0.9915, 0.9884, 0.9864, 0.9820, 0.9789 and 0.9745. Here, we are following the development of the downward structure of November 29. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9820. In this case, the target is 0.9789. Price consolidation is near this level. The breakdown of the level of 0.9789 should be accompanied by a pronounced downward movement. In this case, the potential target is 0.9745. We expect a rollback to correction from this level.

Short-term upward movement is possibly in the range of 0.9864 – 0.9884. The breakdown of the latter value will lead to in-depth movement. Here, the target is 0.9915. This level is a key support for the downward structure of November 29.

The main trend is the downward structure of November 29

Trading recommendations:

Buy : 0.9864 Take profit: 0.9883

Buy : 0.9885 Take profit: 0.9913

Sell: 0.9820 Take profit: 0.9791

Sell: 0.9787 Take profit: 0.9745

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For the dollar / yen pair, the key levels on the scale are : 110.52, 110.20, 109.96, 109.62, 109.23, 109.08 and 108.85. Here, the price canceled the development of the downtrend and at the moment, has issued the expressed initial conditions for the top of December 12. The continuation of the movement to the top is expected after the breakdown of the level of 109.62. In this case, the target is 109.96. We expect a short-term upward movement, as well as consolidation in the range of 109.96 – 110.20. For potential value for the top, we consider the level of 110.52. Upon reaching which, we expect a rollback to the correction.

Short-term downward movement is expected in the range 109.23 – 109.08. The breakdown of the last value will lead to an in-depth correction. Here, the target is 108.85. This level is the key support for the upward structure from December 12.

Main trend: initial conditions for the top of December 12

Trading recommendations:

Buy: 109.63 Take profit: 109.96

Buy : 109.98 Take profit: 110.20

Sell: 109.23 Take profit: 109.08

Sell: 109.06 Take profit: 108.85

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3256, 1.3217, 1.3196, 1.3146, 1.3118 and 1.3094. Here, we continue to monitor the long-term descending structure of December 3. The continuation of movement to the bottom is expected after the breakdown of the level of 1.3146. Here, the target is 1.3118. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 1.3094. Upon reaching which, we expect a consolidated movement.

Short-term upward movement is possibly in the range of 1.3196 – 1.3217. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3256. We expect the expressed initial conditions to formulate for the upward cycle up to this level.

The main trend is the long-term descending structure of December 3

Trading recommendations:

Buy: 1.3196 Take profit: 1.3215

Buy : 1.3218 Take profit: 1.3252

Sell: 1.3145 Take profit: 1.3119

Sell: 1.3116 Take profit: 1.3095

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For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.7032, 0.7012, 0.6980, 0.6957, 0.6909, 0.6894 and 0.6866. Here, we continue to monitor the development of the ascending structure from December 10. At the moment, we expect movement to the level of 0.6957. Short-term upward movement is possibly in the range 0.6957 – 0.6980. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 0.7012. For the potential value for the top, we consider the level of 0.7032. Upon reaching this value, we expect a pullback to the bottom.

Short-term downward movement is expected in the range of 0.6909 – 0.6894. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.6866. This level is a key support for the upward structure.

The main trend is the local structure for the top of December 10

Trading recommendations:

Buy: 0.6958 Take profit: 0.6980

Buy: 0.6983 Take profit: 0.7012

Sell : 0.6909 Take profit : 0.6895

Sell: 0.6892 Take profit: 0.6870

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For the euro / yen pair, the key levels on the H1 scale are: 123.39, 122.87, 122.59, 122.20, 121.96 and 121.63. Here, we are following the development of the ascending structure of December 9. Short-term upward movement is expected in the range of 122.59 – 122.87. Hence, there is a high probability of going into the corrective movement. The breakdown of the level of 122.87 will allow us to count on movement to the limit value – 123.39. We expect consolidation and a pullback to the bottom near this level.

Short-term downward movement is possibly in the range of 122.20 – 121.96. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 121.63.

The main trend is the upward structure of December 9

Trading recommendations:

Buy: 122.60 Take profit: 122.80

Buy: 122.90 Take profit: 123.20

Sell: 122.20 Take profit: 121.98

Sell: 121.94 Take profit: 121.66

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For the pound / yen pair, the key levels on the H1 scale are : 149.76, 148.43, 147.70, 146.86, 146.13 and 145.21. Here, we are following the ascending structure of December 4. Short-term movement to the top is expected in the range of 147.70 – 148.43. The breakdown of the last value will lead to a pronounced movement. Here, the potential target is 149.76. From this level, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 146.86 – 146.13. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 145.21. This level is a key support for the top.

The main trend is the local ascending structure of December 4

Trading recommendations:

Buy: 147.70 Take profit: 148.30

Buy: 148.50 Take profit: 149.50

Sell: 146.80 Take profit: 146.15

Sell: 146.10 Take profit: 145.35

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

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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