Fractal analysis of major currency pairs on January 8

Dear colleagues.

For the currency pair Euro / Dollar, we follow the development of the upward cycle of January 2. For the currency pair Pound / Dollar, the continuation of the development of the ascending structure from January 2 and we expect 1.2813 after the breakdown. For the currency pair Dollar / Franc, after the abolition of the ascending structure, we follow the development of the downward cycle of January 2. For the currency pair Dollar / Yen, we expect a movement to the level of 108.95 and we follow the development of the structure on the scale of M30. For the Euro / Yen currency pair, the continuation of the movement to the top is expected after the breakdown of 125.14. For the currency pair Pound / Yen, we also continue to follow the development of the upward structure from January 3 and the level of 139.50 is the key resistance.

Forecast for January 8:

Analytical review of H1-scale currency pairs:For the Euro / Dollar currency pair, the key levels on the H1 scale are 1.1578, 1.1554, 1.1519, 1.1492, 1.1451, 1.1428 and 1.1401. Here, we are following the development of the ascending structure from January 2. The short-term upward movement, possibly in the range of 1.1492 - 1.1519 and the breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the goal is 1.1554. We consider the level of 1.1578 to be a potential value for the top, after reaching which, we expect a consolidated movement, as well as a departure to a correction.

The short-term downward movement, possibly in the range of 1.1451 - 1.1428 and the breakdown of the latter value will lead to a prolonged movement. Here, the target is 1.1401 and this level is the key support for the top.

The main trend is the ascending structure of January 2.

Trading recommendations:

Buy 1.1492 Take profit: 1.1515

Buy 1.1523 Take profit: 1.1554

Sell: 1.1451 Take profit: 1.1430

Sell: 1.1425 Take profit: 1.1404For the Pound / Dollar currency pair, the key levels on the H1 scale are 1.2960, 1.2875, 1.2813, 1.2734, 1.2695 and 1.2645. Here, we are following the ascending structure of January 2. The continuation of the movement to the top, we expect after the breakdown of 1.2813. In this case, the target is 1.2875 and in the range of 1.2813 - 1.2875 is the consolidation of the price. The potential value for the top, we consider the level of 1.2960, after reaching which, we expect a rollback to the bottom.

The short-term downward movement, possibly in the range of 1.2734 - 1.2695 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 1.2645 and this level is the key support for the top.

The main trend is the ascending structure of January 2.

Trading recommendations:

Buy: 1.2815 Take profit: 1.2870

Buy: 1.2877 Take profit: 1.2940

Sell: 1.2734 Take profit: 1.2698

Sell: 1.2690 Take profit: 1.2660For the Dollar / Franc currency pair, the key levels on the H1 scale are 0.9864, 0.9834, 0.9816, 0.9786, 0.9767, 0.9742 and 0.9725. Here, after the abolition of the ascending structure, we are following the development of the downward movement of January 2. The short-term downward movement, possibly in the range of 0.9786 - 0.9767 and the breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the goal is 0.9742. The potential value for the bottom, we consider the level of 0.9725, after reaching which, we expect consolidation, as well as rollback to the top.

The short-term uptrend, possibly in the range of 0.9816 - 0.9834 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 0.9864 and this level is the key support for the downward structure.

The main trend is the downward cycle of January 2.

Trading recommendations:

Buy: 0.9816 Take profit: 0.9832

Buy: 0.9836 Take profit: 0.9860

Sell: 0.9784 Take profit: 0.9769

Sell: 0.9765 Take profit: 0.9746For the Dollar / Yen currency pair, the key levels on the scale of H1 are 110.12, 109.58, 109.21, 108.95, 108.63, 108.19, 107.93 and 107.52. Here, we are following the ascending structure of January 3 on the scale of M30. The continuation of the movement to the top, we expect after the breakdown of 108.63. In this case, the goal is 108.95 and the passage at the price of the range of 108.95 - 109.21 will allow us to expect a movement to the level of 109.58, near which we expect consolidation. The potential value for the top, we consider the level of 110.12, after reaching which, we expect a rollback to the bottom.

The short-term downward movement, possibly in the range of 108.19 - 107.93 and the breakdown of the latter value will lead to an in-depth correction. Here, the goal is 107.52 and this level is the key support for the top.

The main trend is the rising structure of January 3.

Trading recommendations:

Buy: 108.65 Take profit: 108.95

Buy: 109.21 Take profit: 109.58

Sell: 108.19 Take profit: 107.95

Sell: 107.90 Take profit: 107.54For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are 1.3395, 1.3353, 1.3320, 1.3271, 1.3201, 1.3150 and 1.3065. Here, we continue to monitor the downward structure of December 31. The continuation of the movement to the bottom, we expect after the breakdown of 1.3270. In this case, the goal is 1.3201 and in the range of 1.3201 - 1.3150 is the short-term downward movement, as well as consolidation. The potential value for the bottom, we consider the level of 1.3065, after reaching which, we expect a rollback to the correction.

The short-term upward movement, possibly in the range of 1.3320 - 1.3353 and the breakdown of the latter value will lead to a deep correction. Here, the target is 1.3395 and this level is the key support for the downward structure.

The main trend is the downward cycle of December 31.

Trading recommendations:

Buy: 1.3320 Take profit: 1.3350

Buy: 1.3355 Take profit: 1.3395

Sell: 1.3270 Take profit: 1.3205

Sell: 1.3200 Take profit: 1.3153

For the Australian dollar / dollar currency pair, the key levels on the H1 scale are 0.7207, 0.7157, 0.7131, 0.7084, 0.7059 and 0.7019. Here, we are following the ascending structure of January 3. The short-term upward movement, we expect in the range of 0.7131 - 0.7157 and the breakdown of the latter value will lead to a movement to the potential target. Here, the target is 0.7207, from this level, we expect a rollback to the bottom.

The short-term downward movement, perhaps in the range of 0.7084 - 0.7059 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 0.7019 and this level is the key support for the upward structure.

The main trend is the ascending structure of January 3.

Trading recommendations:

Buy: 0.7131 Take profit: 0.7155

Buy: 0.7160 Take profit: 0.7205

Sell: 0.7082 Take profit: 0.7060

Sell: 0.7055 Take profit: 0.7024

For the Euro / Yen currency pair, the key levels on the H1 scale are 127.22, 126.70, 125.79, 125.15, 124.22, 123.74 and 123.05. Here, we are following the ascending structure of January 3. The continuation of the movement to the top, we expect after the breakdown of 125.15. In this case, the goal is 125.79 and near this level is the price consolidation. The breakdown of 125.80 must be accompanied by a pronounced upward movement. Here, the goal is 126.70. The potential value for the top, we consider the level of 127.22, after reaching which, we expect a consolidated movement, as well as a rollback to the bottom.

The short-term downward movement, possibly in the range of 124.22 - 123.74 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 123.05 and this level is the key support for the upward structure.

The main trend is the ascending structure of January 3.

Trading recommendations:

Buy: 125.15 Take profit: 125.76

Buy: 125.82 Take profit: 126.70

Sell: 124.20 Take profit: 123.78

Sell: 123.70 Take profit: 123.10

For the Pound / Yen currency pair, the key levels on the H1 scale are 141.90, 140.50, 139.49, 137.49, 136.81 and 135.70. Here, we are following the development of the ascending structure of January 3. The continuation of the movement to the top, we expect after the breakdown of 139.50. In this case, the first goal is 140.50 and near this level is the consolidation. The potential value for the top, we consider the level of 141.90, after reaching which, we expect a rollback to the bottom.

The short-term downward movement, possibly in the range of 137.49 - 136.81 and the breakdown of the latter value will lead to an in-depth correction. Here, the goal is 135.70 and this level is the key support for the top.

The main trend is the ascending structure of January 3.

Trading recommendations:

Buy: 139.55 Take profit: 140.50

Buy: 140.55 Take profit: 141.60

Sell: 137.45 Take profit: 136.85

Sell: 136.75 Take profit: 136.00

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