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28.10.202009:29 Przeglądy analityczne: Fractal analysis for major currency pairs on October 28

Outlook on October 28:

Analytical overview of major pairs on the H1 TF:

Exchange Rates 28.10.2020 analysis

The key levels for the euro/dollar pair are 1.1929, 1.1894, 1.1837, 1.1810, 1.1794, 1.1770, 1.1751, 1.1715 and 1.1689. The price here is close to canceling the rising structure from October 15. Now, a short-term decline is expected in the range of 1.1770 - 1.1751. If the last value breaks down, it will lead to the development of a downward structure from October 21. In this case, a strong decline to the level of 1.1715 can be expected. On the other hand, we consider the level 1.1689 as a potential value for the bottom. Upon reaching which, an upward pullback can be expected.

In turn, a short-term growth is expected in the range of 1.1794 - 1.1810. In case of breakdown of the last value, it will lead to a deep correction. Here, the potential goal is 1.1837, which is the key support for the downward structure.

The main trend is the upward cycle from October 15, the deep correction stage

Trading recommendations:

Buy: 1.1794 Take profit: 1.1809

Buy: 1.1811 Take profit: 1.1835

Sell: 1.1770 Take profit: 1.1753

Sell: 1.1749 Take profit: 1.1717

Exchange Rates 28.10.2020 analysis

The key levels for the pound/dollar pair are 1.3282, 1.3247, 1.3186, 1.3121, 1.3021, 1.2982 and 1.2915. Here, we are following the development of the upward cycle from October 16. The pair is expected to continue rising after breaking through the level of 1.3121. In this case, the first target is 1.3186. The breakdown of which, in turn, will allow us to rely on a strong growth to the level of 1.3247. In the meantime, we consider the level 1.3282 as a potential value for the growth. We expect consolidation around this level.

A short-term decline is possible in the range of 1.3021 - 1.2982, If the last value breaks down, it will encourage the development of a downward trend. In this case, the potential target is 1.2915.

The main trend is the upward cycle of October 16, deep correction

Trading recommendations:

Buy: 1.3122 Take profit: 1.3184

Buy: 1.3186 Take profit: 1.3245

Sell: 1.3020 Take profit: 1.2984

Sell: 1.2980 Take profit: 1.2925

Exchange Rates 28.10.2020 analysis

The key levels for the dollar/franc pair are 0.9126, 0.9098, 0.9055, 0.9033, 0.9013, 0.8982 and 0.8966. The development of the downward cycle from October 19 is being followed here. At the moment, the price is in a correction and has formed a potential for the top of October 23. On the other hand, we can expect the downward trend to continue after breaking through the level of 0.9055. In this case, the first goal is 0.9033. Meanwhile, there is a short-term decline in the range of 0.9033 - 0.9013. If the last value breaks down, it will lead to a strong decline. Here, the target is 0.8982. For the potential value for the bottom, we consider the level of 0.8966. Upon reaching which, an upward pullback can be expected.

The key support for the downward structure is the level of 0.9098 and its breakdown will be conducive to the development of growth from October 23, as well as the formation of stronger initial conditions for the upward cycle. In this case, the goal is 0.9126.

The main trend is the downward cycle from October 19, the deep correction stage

Trading recommendations:

Buy : Take profit:

Buy : 0.9100 Take profit: 0.9124

Sell: 0.9055 Take profit: 0.9036

Sell: 0.9032 Take profit: 0.9014

Exchange Rates 28.10.2020 analysis

The key levels for the dollar/yen are 105.08, 104.70, 104.49, 104.04, 103.84, 103.30 and 102.94. Here, we are following the development of the downward structure from October 20. The decline is expected to continue after the price passes the noise range 104.04 - 103.84. In this case, the target is 103.30. We consider the level 102.94 as a potential value for the downward trend. Upon reaching which, an upward pullback can be expected.

A short-term growth is possible in the range of 104.49 - 104.70. If the last value breaks down, it will lead to a deep correction. Here, the potential target is 105.08, which is the key support for the downward cycle.

The main trend is the local descending structure from October 20

Trading recommendations:

Buy: 104.50 Take profit: 104.70

Buy : 104.72 Take profit: 105.08

Sell: 103.84 Take profit: 103.33

Sell: 103.29 Take profit: 102.96

Exchange Rates 28.10.2020 analysis

The key levels for the USD/CAD pair are 1.3312, 1.3275, 1.3251, 1.3214, 1.3169, 1.3150 and 1.3126. We are following the development of the upward cycle of October 21. Now, the growth of the pair is expected to continue after breaking through the level of 1.3214. In this case, the target is 1.3251. Meanwhile, there is a short-term rise and consolidation in the range of 1.3251 - 1.3275. For the potential value for the top, we consider the level of 1.3312. Upon reaching which, a downward pullback can be expected.

A short-term decline, in turn, is likely in the range of 1.3169 - 1.3150. In case of breakdown of the last value, it will lead to a deep correction. Here, the target is 1.3126, which is the key support for the top.

The main trend is the upward cycle of October 21

Trading recommendations:

Buy: 1.3215 Take profit: 1.3250

Buy : 1.3252 Take profit: 1.3274

Sell: 1.3169 Take profit: 1.3151

Sell: 1.3149 Take profit: 1.3126

Exchange Rates 28.10.2020 analysis

The key levels for the AUD/USD pair are 0.7302, 0.7259, 0.7228, 0.7183, 0.7163, 0.7112, 0.7093 and 0.7066. Here, the price forms the strong initial conditions for the upward cycle of October 20. Now, the growth of the pair is expected in the range of 0.7163 - 0.7183. In case of breakdown of the last value, it should be accompanied by a strong growth. Here, the target is 0.7228. The breakdown of which, in turn, will lead us to the next goal of 0.7259. Price consolidation is near this level. For the potential value for the top, we consider the level 0.7302. Upon reaching which, we expect consolidation and downward pullback.

Now, a short-term decline is expected in the range of 0.7112 - 0.7093. In case of breaking through the last value, it will lead to a deep correction. Here, the target is 0.7066, which is a key support for the top. The price passing this level will lead to the development of a downward trend. In this case, the first potential target is 0.7022.

The main trend is the formation of initial conditions for the upward cycle of October 20

Trading recommendations:

Buy: 0.7163 Take profit: 0.7181

Buy: 0.7184 Take profit: 0.7228

Sell : 0.7112 Take profit : 0.7093

Sell: 0.7091 Take profit: 0.7066

Exchange Rates 28.10.2020 analysis

The key levels for the euro/yen pair are 123.61, 123.26, 123.01, 122.69, 122.30, 122.06 and 121.57. The development of the downtrend cycle from October 20 is being followed here. In this case, the decline is expected to continue after breaking through the level of 122.69. In this case, the target is 122.30. Meanwhile, there is a short-term decline and consolidation in the range of 122.30 - 122.06. For the potential value for the bottom, we consider the level of 121.57. Moving to this level is expected after the level of 122.06 breaks down.

A short-term growth is possible in the range of 123.02 - 123.26, breaking through the last value will lead to a deep correction. Now, the target is 123.61, which is the key support for the downward cycle.

The main trend is the downward cycle from October 20

Trading recommendations:

Buy: 123.01 Take profit: 123.24

Buy: 123.27 Take profit: 123.60

Sell: 122.65 Take profit: 122.30

Sell: 122.04 Take profit: 121.60

Exchange Rates 28.10.2020 analysis

The key levels for the pound/yen pair are 137.02, 136.58, 135.88, 135.63, 135.27, 135.05 and 134.60. Here, we are following the development of the downward structure from October 21. In this case, a short-term decline is expected in the range of 135.88 - 135.63. If the last value breaks down, it will lead to a strong decline. Here, the target is 135.27. On the other hand, there is a short-term decline as well as consolidation in the range of 135.27 - 135.05. As a potential value for the bottom, we consider the level 134.60. The movement to which is expected after breaking through the level of 35.05.

A short-term growth, in turn, is possible in the range of 136.26 - 136.58. In case that the last value breaks down, it will lead to a deep correction. Here, the potential target is 137.02, which is the key support for the downward trend.

The main trend is the descending structure from October 21

Trading recommendations:

Buy: 136.26 Take profit: 136.55

Buy: 136.60 Take profit: 137.00

Sell: 135.88 Take profit: 135.64

Sell: 135.61 Take profit: 135.28

*Prezentowana analiza rynku ma charakter informacyjny i nie jest przewodnikiem po transakcji.

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