25.11.201919:42 Forex Analysis & Reviews: Fractal analysis for major currency pairs on November 25

Hello, dear colleagues.

For the euro/dollar pair, we follow the development of the downward structure from November 21 and the level of 1.1004 is the key resistance. For the pound/dollar pair, the price forms the potential for a downward movement from November 21 and the level of 1.2817 is the key resistance. For the dollar/franc pair, the subsequent development of the upward structure of November 18 is expected after the breakdown of 1.0000. For the dollar/yen pair, we are following the formation of the upward structure of November 21 and the level of 108.91 is the key resistance. For the euro/yen, the price forms the potential for a downward movement of November 21 and the level of 119.60 is the key resistance. For the pound/yen pair, the price is currently in the correction zone from the medium-term downward structure on November 18 and the level of 140.20 is the key support.

Forecast for November 25:

Analytical review of currency pairs on the H1 scale:

For the euro/dollar pair, the key levels on the H1 scale are 1.1053, 1.1034, 1.1023, 1.1004, 1.0986, 1.0977, and 1.0957. We follow the development of the downward structure of November 21. We expect the downward movement to continue after the breakdown of 1.1004. In this case, the target is 1.0986 and in the area of 1.0986 – 1.0977 is the price consolidation. The potential value for the bottom is the level of 1.0957, upon reaching this value, we expect a pullback upwards.

The short-term upward movement is expected in the range of 1.1023 – 1.1034 and the breakdown of the last value will lead to an in-depth correction. The target is 1.1053 and this level is the key support for the downward structure.

The main trend is the downward structure of November 21

Trading recommendations:

Buy: 1.1023 Take profit: 1.1034

Buy: 1.1036 Take profit: 1.1050

Sell: 1.1004 Take profit: 1.0988

Sell: 1.0975 Take profit: 1.0958

For the pound/dollar pair, the key levels on the H1 scale are 1.2969, 1.2932, 1.2899, 1.2817, 1.2765, 1.2710, and 1.2671. We follow the formation of the initial conditions for the downward cycle of November 21. We expect the downward movement to continue after the breakdown of 1.2817. In this case, the target is 1.2765 and near this level is the price consolidation. The breakdown of the level of 1.2765 will lead to a pronounced movement. The target is 1.2710. The potential value for the bottom is the level of 1.2671, after which we expect consolidation, as well as a pullback upwards.

The short-term upward movement is possible in the area of 1.2899-1.2932 and the breakdown of the last value will have to form an upward structure. The potential target is 1.2969.

The main trend is the formation of the downward structure of November 21

Trading recommendations:

Buy: 1.2900 Take profit: 1.2930

Buy: 1.2933 Take profit: 1.2969

Sell: 1.2815 Take profit: 1.2770

Sell: 1.2763 Take profit: 1.2710

For the dollar/franc pair, the key levels on the H1 scale are 1.0039, 1.0023, 1.0000, 0.9988, 0.9956, 0.9938, and 0.9919. We follow the development of the upward structure of November 18. The short-term upward movement is expected in the range of 0.9988-1.0000 and the breakdown of the last value will lead to a pronounced movement. The target is 1.0023. We consider the level 1.0039 as a potential value for the top, after reaching this level, we expect a pullback downwards.

The short-term downward movement is possible in the area of 0.9956-0.9938 and the breakdown of the last value will lead to a deep correction. The target is 0.9919.

The main trend is the upward structure of November 18.

Trading recommendations:

Buy: 0.9988 Take profit: 1.0000

Buy: 1.0003 Take profit: 1.0023

Sell: 0.9956 Take profit: 0.9940

Sell: 0.9937 Take profit: 0.9920

For the dollar/yen pair, the key levels in the scale H1 are 109.53, 109.36, 109.12, 108.91, 108.73, 108.57, and 108.26. We follow the formation of the upward structure of November 21. We expect the upward movement to continue after the breakdown of 108.91. In this case, the target is 109.12 and near this level is the price consolidation. The breakdown of the level of 109.12 should be accompanied by a pronounced upward movement. The target is 109.36. The potential value for the top is the level of 109.53, upon reaching this value, we expect consolidation, as well as a pullback downwards.

The short-term downward movement, as well as consolidation, is expected in the range of 108.73-108.57 and the breakdown of the last value will have to form a downward structure. The potential target is 108.26.

The main trend is the formation of an upward structure from November 21

Trading recommendations:

Buy: 108.93 Take profit: 109.10

Buy: 109.13 Take profit: 109.34

Sell: 108.70 Take profit: 108.60

Sell: 108.54 Take profit: 108.30

For the Canadian dollar/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. We follow the upward structure of November 19. The short-term upward movement is expected in the area of 1.3334-1.3355 and the breakdown of the last value should be accompanied by a pronounced upward movement. The target is 1.3387 and in the area of 1.3387-1.3404 is the price consolidation.

The consolidated movement is possible in the area of 1.3298-1.3278 and the breakdown of the last value will lead to an in-depth correction. The target is 1.3250 and this level is the key support for the upward structure.

The main trend is the upward structure of November 19, the correction stage.

Trading recommendations:

Buy: 1.3335 Take profit: 1.3355

Buy: 1.3357 Take profit: 1.3385

Sell: 1.3276 Take profit: 1.3252

Sell: 1.3248 Take profit: 1.3220

For the Australian dollar/dollar pair, the key levels on the H1 scale are 0.6833, 0.6814, 0.6801, 0.6783, 0.6767, 0.6748, 0.6735, and 0.6717. We follow the development of the downward structure of November 19. We expect the downward movement to continue after the breakdown of 0.6783. In this case, the target is 0.6767 and consolidation is near this level. The breakdown of 0.6765 will lead to the development of a pronounced movement. The target is 0.6748 and in the area of 0.6748-0.6735 is the price consolidation. The potential value for the bottom is 0.6717, after reaching this value, we expect a correction.

The short-term upward movement is expected in the area of 0.6801-0.6814 and the breakdown of the last value will lead to the development of an upward structure. In this case, the first target is 0.6833.

The main trend is the local downward structure from November 19

Trading recommendations:

Buy: 0.6801 Take profit: 0.6812

Buy: 0.6817 Take profit: 0.6833

Sell: 0.6780 Take profit: 0.6768

Sell: 0.6765 Take profit: 0.6750

For the euro/yen pair, the key levels on the H1 scale are 121.12, 120.58, 120.35, 120.11, 119.60, 119.31, 118.96, 118.70, and 118.38. We follow the formation of the downward structure of November 21. The short-term downward movement is expected in the range of 119.60-119.31 and the breakdown of the last value will lead to a pronounced movement. The target is 118.96 and in the area of 118.96-118.70 is the short-term downward movement, as well as consolidation. The potential value for the bottom is the level of 118.38, upon reaching this value, the rollback up.

The short-term upward movement is expected in the area of 120.11-120.35 and the breakdown of the last value will lead to the formation of a local structure for the top. The first target is 120.58.

The main trend is the formation of a downward structure from November 21

Trading recommendations:

Buy: 120.11 Take profit: 120.33

Buy: 120.36 Take profit: 120.58

Sell: 119.60 Take profit: 119.34

Sell: 119.28 Take profit: 118.96

For the pound/yen pair, the key levels on the H1 scale are 140.82, 140.20. 139.88, 139.46, 138.91, and 138.19. The price forms the medium-term initial conditions for the downward movement from November 18. We expect the downward movement to continue after the breakdown of 139.46. In this case, the target is 138.91 and near this level is the consolidation. The potential value for the bottom is the level of 138.19, upon reaching this level, we expect a pullback upwards.

The consolidated movement is possible in the range of 139.88-140.20 and the breakdown of the last value will lead to a deep correction. The target is 140.82 and this level is the key support for the downward structure. Its passage by the price will have to form the initial conditions for the upward trend.

The main trend is the medium-term downward structure of November 18

Trading recommendations:

Buy: 140.25 Take profit: 140.80

Buy: 140.84 Take profit: 141.52

Sell: 139.44 Take profit: 138.95

Sell: 138.86 Take profit: 138.24