Fractal analysis of major currency pairs for December 28

Dear colleagues.

For the Euro / Dollar currency pair, the price forms the potential for the upward movement from December 26 in the correction of the downward structure on December 20 and the level of 1.1460 is the key support. For the currency pair Pound / Dollar, the continuation of the movement to the top, we expect after the breakdown of 1.2680 and at the current moment, the price is in the correction. For the currency pair Dollar / Franc, the price forms the potential for the downward movement of December 26 and the development of which is expected after the breakdown of 0.9845. For the currency pair Dollar / Yen, we follow the formation of the ascending structure of December 26 and the development of which is expected after the breakdown of 111.48. For the Euro / Yen currency pair, the price is in correction from the downward structure and forms the potential for the top from December 26th. For the currency pair Pound / Yen, we expect the continuation of the movement to the bottom after the breakdown of 139.86, and at the current moment, mainly, we expect movement in the correction.

Forecast for December 28:

Analytical review of H1-scale currency pairs:For the Euro / Dollar currency pair, the key levels on the H1 scale are 1.1538, 1.1496, 1.1481, 1.1460. 1.1420, 1.1399, 1.1367 and 1.1341. Here, the price has formed a rather pronounced potential for the upward movement of December 26. The development of which is expected after the breakdown of 1.1460. In this case, the target is 1.1481. The potential value for the top, while we consider the level of 1.1538, the movement to which, we expect after the price passes the range of 1.1481 - 1.1496.

The short-term downward movement, possibly in the range of 1.1420 - 1.1399 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 1.1367 and this level is a key resistance to the downward structure of December 20. Its breakdown will lead to the development of this structure. Here, the first goal is 1.1341.

The main trend is the downward structure of December 20, the formation of potential for the top of December 26 in correction.

Trading recommendations:

Buy 1.1460 Take profit: 1.1480

Buy 1.1496 Take profit: 1.1535

Sell: 1.1420 Take profit: 1.1400

Sell: 1.1496 Take profit: 1.1370For 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, we continue to monitor the ascending structure of December 11. The continuation of the movement to the top, we expect after the breakdown of 1.2679. In this case, the goal is 1.2741 and near this level is the price consolidation. 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, we consider the level of 1.2865, after reaching which, we expect consolidation, as well as a rollback to the bottom.

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 target 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 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 0.9919, 0.9895, 0.9879, 0.9847, 0.9826, 0.9813 and 0.9771. Here, the price forms the potential for the downward movement of December 26. The ascending structure of December 21 is no longer relevant for setting goals. The continuation of the movement to the bottom, we expect after the breakdown 0.9847. In this case, the goal is 0.9826 and near this level is the price consolidation. The price pass of the range of 0.9826 - 0.9813 should be accompanied by a pronounced downward movement. Here, the goal is 0.9771, from this level, we expect a rollback to the top.

The short-term upward movement, possibly in the range of 0.9879 - 0.9895. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 0.9919 and this level is the key support for the downward structure.

The main trend is the formation of potential for the bottom of December 26.

Trading recommendations:

Buy: 0.9880 Take profit: 0.9893

Buy: 0.9897 Take profit: 0.9916

Sell: 0.9845 Take profit: 0.9826

Sell: 0.9811 Take profit: 0.9775For the Dollar / Yen currency pair, the key levels on the scale are 112.61, 112.29, 111.70, 111.48, 110.99, 110.73, 110.54 and 110.26. Here, we are following the formation of the ascending structure from December 26th. The short-term upward movement, we expect in the range of 111.48 - 111.70. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the goal is 112.29. The potential value for the top, we consider the level of 112.61, after reaching which, we expect a consolidated movement, as well as a rollback to the bottom.

The short-term downward movement, perhaps in the range of 110.99 - 110.73. The range of 110.73 - 110.54 is the key support for the top. Its price passage will have to form a downward movement. Here, the goal is 110.26.

The main trend is the formation of the ascending structure of December 26.

Trading recommendations:

Buy: 111.48 Take profit: 111.70

Buy: 111.73 Take profit: 112.26

Sell: 110.73 Take profit: 110.55

Sell: 110.52 Take profit: 110.28

For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are 1.3741, 1.3667, 1.3621, 1.3557, 1.3516 and 1.3463. Here, we are following the development of the ascending structure of December 7. The short-term upward movement, we expect in the range of 1.3621 - 1.3667. The breakdown of the last value will allow expecting a movement towards a potential target of 1.3741, upon reaching this level, we expect a rollback to the bottom.

The short-term downward movement, possibly in the range of 1.3557 - 1.3516. The breakdown of the latter value will lead to an in-depth correction. Here, the goal is 1.3453 and this level is the key support for the top.

The main trend is the local structure for the top of December 7th.

Trading recommendations:

Buy: 1.3621 Take profit: 1.3665

Buy: 1.3670 Take profit: 1.3740

Sell: 1.3555 Take profit: 1.3518

Sell: 1.3514 Take profit: 1.3465

For the Australian dollar / dollar currency pair, the key levels on the H1 scale are 0.7148, 0.7115, 0.7075, 0.7049, 0.7015, 0.6997, 0.6954 and 0.6919. Here, we are following the development of the downward structure of December 13. The continuation of the movement to the bottom, we expect after the price passes the range of 0.7015 - 0.6997. In this case, the target is 0.6954. A potential value for the bottom, we consider the level of 0.6919, after reaching which, we expect a rollback to the top.

The short-term uptrend, possibly in the range of 0.7049 - 0.7075. The breakdown of the last value will lead to a prolonged correction. Here, the target is 0.7115 and this level is the key support for the downward structure. Its breakdown will have to form an upward structure. Here, the potential target is 0.7148.

The main trend is the downward structure of December 4.

Trading recommendations:

Buy: 0.7050 Take profit: 0.7073

Buy: 0.7077 Take profit: 0.7115

Sell: 0.6995 Take profit: 0.6958

Sell: 0.6952 Take profit: 0.6921

For the Euro / Yen currency pair, the key levels on the H1 scale are 127.48, 127.00, 126.68, 126.14, 125.89 and 125.30. Here, we are following the development of the downward structure of December 13. At the moment, the price is in the correction. The short-term downward movement, we expect in the range of 126.14 - 125.89. The breakdown of the last value will lead to a movement to a potential target. In this case, the target is 125.30 and we expect a rollback to the top from this level.

The short-term upward movement, possibly in the range of 126.68 - 127.00. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 127.48 and this level is the key support for the downward structure.

The main trend is the downward structure of December 13, the stage of correction.

Trading recommendations:

Buy: Take profit:

Buy: 127.03 Take profit: 127.40

Sell: 126.14 Take profit: 125.92

Sell: 125.87 Take profit: 125.35

For the Pound / Yen currency pair, the key levels on the H1 scale are 142.09, 141.30, 140.92, 140.22, 139.86 and 139.15. Here, we are following the development of the downward structure of December 13. The short-term downward movement, we expect in the range of 140.22 - 139.86. The breakdown of the latter value will lead to a movement to the potential target of 139.15. From the level of 139.15, we expect a rollback to the top.

The short-term uptrend, possibly in the range of 140.92 - 141.30. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 142.09 and this level is the key support for the bottom. Its price passage will have to form the initial conditions for the upward cycle. In this case, the goal is 142.73.

The main trend is the downward structure of December 13.

Trading recommendations:

Buy: 140.92 Take profit: 141.25

Buy: 141.35 Take profit: 142.05

Sell: 140.20 Take profit: 139.90

Sell: 139.83 Take profit: 139.20

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