21.11.201903:12 Forex Analysis & Reviews: Fractal analysis of the main currency pairs on November 21

Forecast for November 21:

Analytical review of currency pairs on the scale of H1:

For the euro / dollar pair, the key levels on the H1 scale are: 1.1149, 1.1125, 1.1108, 1.1081, 1.1060, 1.1038, 1.1022 and 1.1004. Here, we are following the development of the ascending structure of November 14. We expect short-term upward movement, as well as consolidation, in the range of 1.1060 - 1.1081. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.1108. Price consolidation is in the range of 1.1108 - 1.1125. For the potential value for the top, we consider the level of 1.1149. Upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is expected in the range of 1.1038 - 1.1022. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.1004. This level is a key support for the upward structure. Its breakdown will allow us to count on movement to the first potential target - 1.0986.

The main trend is the upward structure of November 14.

Trading recommendations:

Buy: 1.1083 Take profit: 1.1106

Buy: 1.1025 Take profit: 1.1146

Sell: 1.1038 Take profit: 1.1022

Sell: 1.1021 Take profit: 1.1005

For the pound / dollar pair, the key levels on the H1 scale are: 1.3113, 1.3079, 1.3032, 1.2966, 1.2927, 1.2899, 1.2860 and 1.2817. Here, we continue to monitor the development of the upward cycle of November 8. The continuation of the movement to the top is expected after the breakdown of the level of 1.2966. In this case, the target is 1.3032. Price consolidation is near this level. The breakdown of the level of 1.3032 should be accompanied by a pronounced upward movement. Here, the target is 1.3079. For the potential value for the top, we consider the level of 1.3113. Upon reaching this value, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement is possibly in the range of 1.2927 - 1.2899. The breakdown of the last value will lead to an in-depth correction. Here, the target is 1.2860. This level is a key support for the upward structure from November 8. Its passage in price will lead to the development of a downward trend. Here, the first goal is 1.2817.

The main trend is the upward cycle of November 8.

Trading recommendations:

Buy: 1.2967 Take profit: 1.3030

Buy: 1.3034 Take profit: 1.3079

Sell: 1.2896 Take profit: 1.2860

Sell: 1.2858 Take profit: 1.2818

For the dollar / franc pair, the key levels on the H1 scale are: 0.9988, 0.9969, 0.9956, 0.9936, 0.9921, 0.9898, 0.9886 and 0.9867. Here, we are following the development of the ascending structure of November 18. Short-term upward movement is expected in the range 0.9921 - 0.9936. The breakdown of the latter value will lead to pronounced movement. Here, the target is 0.9956. Short-term upward movement, as well as consolidation is in the range of 0.9956 - 0.9969. For the potential value for the top, we consider the level of 0.9988. Upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 0.9898 - 0.9886. Hence, there is a high probability of a reversal to the top. The breakdown of the level of 0.9886 will lead to the development of a downward movement. Here, the first goal is 0.9867.

The main trend is the upward structure of November 18.

Trading recommendations:

Buy : 0.9921 Take profit: 0.9934

Buy : 0.9938 Take profit: 0.9955

Sell: 0.9898 Take profit: 0.9887

Sell: 0.9884 Take profit: 0.9868

For the dollar / yen pair, the key levels on the scale are : 109.09, 108.91, 108.73, 108.44, 108.27, 108.06 and 107.92. Here, we are following the development of the local descending structure of November 18. Short-term downward movement is expected in the range of 108.44 - 108.27. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 108.06. We consider the level of 107.92 to be a potential value for the bottom. Upon reaching this value, we expect consolidation, as well as a rollback to correction in the range of 108.06 - 107.92.

Short-term upward movement, as well as consolidation, are expected in the range of 108.73 - 108.91. We consider the level 109.09 to be the potential value for the top. We expect the initial conditions for the ascending cycle to be formed until this level.

The main trend: the downward structure of November 7; the local structure of November 18.

Trading recommendations:

Buy: 108.73 Take profit: 108.90

Buy : 108.94 Take profit: 109.07

Sell: 108.44 Take profit: 108.29

Sell: 108.25 Take profit: 108.06

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3404, 1.3387, 1.3355, 1.3334, 1.3298, 1.3278 and 1.3250. Here, we are following the ascending structure of November 19. Short-term upward movement is expected in the range of 1.3334 - 1.3355. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.3387. Price consolidation is in the range of 1.3387 - 1.3404, and from here, we expect a correction.

Short-term downward movement is possibly in the range of 1.3298 - 1.3278. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3250. This level is a key support for the upward structure.

The main trend is the upward structure of November 19.

Trading recommendations:

Buy: 1.3335 Take profit: 1.3355

Buy : 1.3357 Take profit: 1.3385

Sell: 1.3296 Take profit: 1.3278

Sell: 1.3276 Take profit: 1.3252

For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6892, 0.6872, 0.6859, 0.6839, 0.6821, 0.6801, 0.6783 and 0.6767. Here, we are following the development of the ascending structure of November 14. The continuation of the movement to the top is expected after the breakdown of the level of 0.6821. In this case, the first target is 0.6840, wherein price consolidation is near this level. Its breakdown will allow you to expect pronounced movement. Here, the goal is 0.6859. Short-term upward movement, as well as consolidation is in the range of 0.6859 - 0.6872 For the potential value for the top, we consider the level of 0.6892. Upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement, as well as consolidation, are expected in the range of 0.6801 - 0.6783. The breakdown of the latter value will lead to the development of a downward structure. In this case, the first target is 0.6767.

The main trend is the upward structure of November 14.

Trading recommendations:

Buy: 0.6821 Take profit: 0.6837

Buy: 0.6840 Take profit: 0.6857

Sell : 0.6780 Take profit : 0.6768

Sell: Take profit:

For the euro / yen pair, the key levels on the H1 scale are: 121.40, 121.12, 120.70, 120.35, 120.03, 119.83, 119.51 and 119.25. Here, we are following the ascending structure of November 14. The continuation of the movement to the top is expected after the breakdown of the level of 120.35. Here, the goal is 120.70. Price consolidation is near this level. The breakdown of the level of 120.70 should be accompanied by a pronounced upward movement. Here, the goal is 121.12. For the potential value for the top, we consider the level of 121.40. Upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is expected in the range of 120.03 - 119.83. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 119.51. This level is a key support for the upward structure.

The main trend is the upward structure of November 14.

Trading recommendations:

Buy: 120.35 Take profit: 120.68

Buy: 120.72 Take profit: 121.10

Sell: 120.03 Take profit: 119.83

Sell: 119.80 Take profit: 119.51

For the pound / yen pair, the key levels on the H1 scale are : 142.14, 141.93, 141.57, 141.02, 140.49, 140.18 and 139.79. Here, we are following the development of the ascending structure of November 14. At the moment, the price is in deep correction. The continuation of the movement to the top is expected after the breakdown of the level of 141.02. In this case, the first goal is 141.57. The breakdown of which will allow us to count on movement to the level of 142.14. Upon reaching this value, we expect consolidation in the range of 141.93 - 142.14.

Short-term downward movement is possibly in the range 140.18 - 139.79. The breakdown of the latter value will lead to the cancellation of the ascending structure of November 14. In this case, the first target is 139.36.

The main trend is the rising structure of November 14, the stage of deep correction.

Trading recommendations:

Buy: 141.02 Take profit: 141.55

Buy: 141.58 Take profit: 141.93

Sell: 140.16 Take profit: 139.84

Sell: 139.76 Take profit: 139.38