Fractal analysis of major currency pairs for December 17

Dear colleagues.

For the Euro / Dollar currency pair, we have expanded the potential for a downward movement to the level of 1.1200. For the Pound / Dollar currency pair, the price is in the adjustment zone of the initial conditions for the top of December 11. For the Dollar / Franc currency pair, we should continue moving upwards after the breakdown of 0.9995. For the currency pair Dollar / Yen, we expect a further upward trend development from December 10 after the breakdown of 113.72. For the currency pair Euro / Yen, the price is close to the abolition of the rising structure of December 6 and the level of 127.96 is the key support. For the currency pair Pound / Yen, the price is in the correction zone of the initial conditions for the upward cycle of December 11 and the level of 141.91 is the key support.

Forecast for December 17:

Analytical review of H1-scale currency pairs:For the Euro / Dollar currency pair, the key levels on the H1 scale are 1.1357, 1.1330, 1.1314, 1.1279, 1.1253, 1.1220 and 1.1200. Here, we are following the descending structure of December 10th. The continuation of the downward movement is expected after the breakdown of 1.1279. In this case, the target is 1.1253 and consolidation is near this level. The breakdown of the level of 1.1250 should be accompanied by a pronounced downward movement. In this case, the target is 1.1220 and consolidation is in the range of 1.1220 - 1.1200, and also from here, we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.1314 - 1.1330 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.1357 and this level is the key support for the downward structure.

The main trend is the downward structure of December 10.

Trading recommendations:

Buy 1.1314 Take profit: 1.1330

Buy 1.1332 Take profit: 1.1355

Sell: 1.1277 Take profit: 1.1255

Sell: 1.1250 Take profit: 1.1220For the Pound / Dollar currency pair, the key levels on the H1 scale are 1.2865, 1.2813, 1.2741, 1.2679, 1.2592, 1.2552, 1.2517, 1.2475 and 1.2417. Here, the price is in the adjustment zone of the initial conditions for the upward cycle of December 11. An upward movement is expected after the breakdown of 1.2679. In this case, the target is 1.2741 and price consolidation is near this level. The breakdown of the level of 1.2741 should be accompanied by a pronounced upward movement. Here, the target is 1.2813. The potential value for the top is considered the level of 1.2865, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement, as well as consolidation, are possible in the range of 1.2592 - 1.2552. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 1.2517 and this level is the key support for the top. Its price will have the formation of the initial conditions for the upward cycle. In this case, the target is 1.2475.

The main trend is the formation of the ascending structure of December 11, the stage of correction.

Trading recommendations:

Buy: 1.2680 Take profit: 1.2740

Buy: 1.2744 Take profit: 1.2813

Sell: 1.2591 Take profit: 1.2552

Sell: 1.2550 Take profit: 1.2517For the Dollar / Franc currency pair, the key levels on the H1 scale are 1.0093, 1.0058, 1.0042, 1.0014, 0.9995, 0.9954, 0.9940, 0.9920 and 0.9900. Here, we are following the development of the ascending cycle of December 11. The short-term upward movement is possible in the range of 0.9995 - 1.0014 and the breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the goal is 1.0042 and in the range of 1.0042 - 1.0058 is the price consolidation. The potential value for the top is considered the level of 1.0093, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.9954 - 0.9940 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.9920 and this level is the key support for the top. Its breakdown will have to form a downward structure. In this case, the target is 0.9900.

The main trend is the ascending structure of December 11.

Trading recommendations:

Buy: 0.9995 Take profit: 1.0012

Buy: 1.0016 Take profit: 1.0040

Sell: 0.9954 Take profit: 0.9942

Sell: 0.9938 Take profit: 0.9920For the Dollar / Yen currency pair, the key levels on the scale are 114.83, 114.45, 114.13, 113.72, 113.30, 113.07 and 112.76. Here, we are following the development of the bottom-up structure from December 10th. An upward movement is expected after the breakdown of 113.72. Here, the target is 114.13 and in the range of 114.13 - 114.45 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 114.83, after reaching which we expect a consolidated movement, as well as a rollback to the correction.

The short-term downward movement is possible in the range of 113.30 - 113.07 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 112.76 and this level is the key support for the top.

The main trend is the rising structure of December 10.

Trading recommendations:

Buy: 113.72 Take profit: 114.10

Buy: 114.14 Take profit: 114.42

Sell: 113.30 Take profit: 113.10

Sell: 113.04 Take profit: 112.80

For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are 1.3557, 1.3521, 1.3465, 1.3429, 1.3344, 1.3311 and 1.3247. Here, the price forms the local potential for the top of December 7th. The short-term upward movement is possible in the range of 1.3429 - 1.3465 and the breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 1.3521. The potential value for the top is considered the level of 1.3557, upon reaching which we expect consolidation, as well as a rollback to the top.

The range of 1.3344 - 1.3311 is the key support for the upward structure of December 7. Its price passage will have a downward movement development. In this case, the target is 1.3247 and this level is the key resistance for the bottom.

The main trend is the local structure for the top of December 7, the stage of deep correction.

Trading recommendations:

Buy: 1.3430 Take profit: 1.3465

Buy: 1.3467 Take profit: 1.3520

Sell: 1.3343 Take profit: 1.3113

Sell: 1.3308 Take profit: 1.3255

For the Australian dollar / dollar currency pair, the key levels on the H1 scale are 0.7247, 0.7214, 0.7196, 0.7148, 0.7127, 0.7100 and 0.7049. Here, the price has shaped the local potential for the downward movement of December 13. The short-term downward movement is expected in the range of 0.7148 - 0.7127 and the breakdown of the latter value will lead to a movement to the level of 0.7100, near which we expect consolidation. The break of the level of 0.7100 should be accompanied by a pronounced downward movement. Here, the goal is 0.7049, from this value, we expect a rollback to the top.

The short-term upward movement is possible in the range of 0.7196 - 0.7214 and the breakdown of the latter value will have to form an ascending structure. Here, the target is 0.7247.

The main trend is the downward structure of December 4, the local potential for the bottom of December 13.

Trading recommendations:

Buy: 0.7196 Take profit: 0.7212

Buy: 0.7216 Take profit: 0.7245

Sell: 0.7148 Take profit: 0.7128

Sell: 0.7125 Take profit: 0.7100

For the Euro / Yen currency pair, the key levels on the H1 scale are 130.13, 129.82, 129.34, 128.95, 128.36, 128.09, 127.68 and 127.43. Here, we are following the formation of the ascending structure of December 6. At the moment, the price is in a deep correction. The short-term upward movement is expected in the range of 128.95 - 129.34 and the breakdown of the latter value will lead to the development of a pronounced movement. In this case, the goal is 129.82. The potential value for the top is considered the level of 130.13, 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 128.36 - 128.09, hence a high probability of a reversal upwards. The breakdown of the level of 128.09 will have to form a local structure for the downward movement. In this case, the goal is 127.68 and the range of 127.68 - 127.43.

The main trend is the formation of the ascending structure of December 6.

Trading recommendations:

Buy: 128.95 Take profit: 129.30

Buy: 129.37 Take profit: 129.80

Sell: 128.05 Take profit: 127.70

Sell: Take profit:

For the Pound / Yen currency pair, the key levels on the H1 scale are 144.18, 143.91, 143.54, 142.70, 142.42, 141.91 and 141.46. Here, the price has issued a pronounced potential for the top of December 11 and is currently located in the correction zone of this structure. The continuation of the upward trend is expected after the breakdown of 143.54. In this case, the goal is 143.91 and consolidation is near this level. Passing through the range of 143.91 - 144.18 will make it possible to count on the movement towards a potential target of 144.95, from this level, we expect a downward rollback.

The short-term downward movement is possible in the range of 142.70 - 142.42 and the breakdown of the last value to the prolonged correction. Here, the target is 141.91 and this level is the key support for the upward structure.

The main trend is the formation of potential for the top of December 11.

Trading recommendations:

Buy: 143.55 Take profit: 143.90

Buy: 144.20 Take profit: 144.90

Sell: 142.70 Take profit: 142.45

Sell: 142.38 Take profit: 142.00

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