Fractal analysis of major currency pairs for November 23

Dear colleagues.

For the currency pair Euro / Dollar, we expect the movement to the level of 1.1315. For the currency pair Pound / Dollar, the price has issued a local structure for the top of November 21. For the Dollar / Franc currency pair, the expressed initial conditions for the top, we expect to the level of 1.0013. For the currency pair Dollar / Yen price, the forms the potential for the top of November 20. For the currency pair Euro / Yen, the situation is in equilibrium and the resolution of which is expected after the breakdown of 127.95. For the currency pair Pound / Yen, the price is in the correction zone from the downward structure and forms the potential for the top of November 20.

Forecast for November 23:

Analytical review of H1-scale currency pairs:

For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1430, 1.1403, 1.1372, 1.1352, 1.1315, 1.1289, 1.1271 and 1.1244. Here, we expect a move to the level of 1.1315. The breakdown of which, in turn, will lead to the movement to the level of 1.1289 and in the range of 1.1289 - 1.1271 is the price consolidation. The potential value for the bottom is considered the level of 1.1244, from which we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.1352 - 1.1372 and the breakdown of the last value will lead to a prolonged correction. Here, the target is 1.1403 and this level is the key support for the downward structure. Its breakdown will have to form the initial conditions for the upward cycle. Here, the potential target is 1.1430.

The main trend is the downward cycle of November 20.

Trading recommendations:

Buy 1.1352 Take profit: 1.1370

Buy 1.1374 Take profit: 1.1401

Sell: 1.1312 Take profit: 1.1290

Sell: 1.1270 Take profit: 1.1245

For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.2989, 1.2936, 1.2886, 1.2827, 1.2792, 1.2792, 1.2729, 1.2691 and 1.2603. Here, the price forms a local structure for the top of November 21. The continuation of the movement upward, we expect after the breakdown of 1.2886. In this case, the goal is 1.2936. The potential value for the uptrend, for now, is considered the level of 1.2989, before which we expect pronounced initial conditions.

The range of 1.2827 - 1.2792 is the key support for the top. Its price passage will have to develop a downward trend. Here, the first goal is 1.2729 and in the range of 1.2729 - 1.2691 is the price consolidation. The potential value for the bottom is considered the level of 1.2603.

The main trend is the local rising structure of November 21.

Trading recommendations:

Buy: 1.2888 Take profit: 1.2934

Buy: 1.2937 Take profit: 1.2986

Sell: 1.2825 Take profit: 1.2793

Sell: 1.2790 Take profit: 1.2730

For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0013, 0.9985, 0.9959, 0.9943, 0.9923, 0.9909 and 0.9885. Here, the price is in the correction of the downward structure of November 13. The short-term downward movement is possible in the range of 0.9923 - 0.9909. The breakdown of the latter value will lead to a movement to the potential target of 0.9885, upon reaching this level, we expect a rollback to the top.

The level of 0.9985 is the key support for the downward structure. Its breakdown will lead to a short-term uptrend. Here, the goal is 1.0013, up to this level, we expect registration of the expressed initial conditions for the upward cycle.

The main trend is the downward cycle of November 13, the stage of prolonged correction.

Trading recommendations:

Buy: 0.9985 Take profit: 1.0010

Buy: Take profit:

Sell: 0.9923 Take profit: 0.9910

Sell: 0.9907 Take profit: 0.9887

For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 114.02, 113.82, 113.48, 113.19, 112.82, 112.61, 112.37, 112.10, 111.91 and 111.50. Here, we continue to monitor the formation of potential for the top of November 20. The short-term upward movement is expected in the range of 113.19 - 113.48 and the breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 113.82. The potential value for the top is considered the level of 114.02, after reaching which we expect consolidation in the range of 113.82 - 114.02.

The downward movement is expected after the breakdown of 112.35. In this case, the goal is 112.10 and in the range of 112.10 - 111.91 is the short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 111.50, after reaching which we expect a rollback to the top.

The main trend: the formation of potential for the top of November 20.

Trading recommendations:

Buy: 113.20 Take profit: 113.45

Buy: 113.52 Take profit: 113.80

Sell: 112.80 Take profit: 112.64

Sell: 112.58 Take profit: 112.40

For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3389, 1.3361, 1.3317, 1.3268, 1.3243, 1.3181, 1.3142 and 1.3116. Here, the price is in deep correction from the local ascending structure on November 16 and has issued a pronounced potential for the downward movement of November 20. The development of the downward structure is expected after the breakdown of 1.3181. Here, the first target is 1.3142. For now, the potential value for the bottom is considered the level of 1.3116, after reaching which we expect consolidation.

The short-term upward movement is possible in the range of 1.3243 - 1.3268 and the breakdown of the latter value will have to develop an upward trend. In this case, the first target is 1.3317 and this level is the key resistance for the subsequent development of the ascending structure on the H1 scale.

The main trend is the local cycle of November 16, the formation of the potential for the downward movement of November 20.

Trading recommendations:

Buy: 1.3243 Take profit: 1.3265

Buy: 1.3272 Take profit: 1.3312

Sell: 1.3180 Take profit: 1.3145

Sell: 1.3138 Take profit: 1.3118

For the Australian dollar / dollar currency pair, the key levels on the H1 scale are: 0.7287, 0.7254, 0.7194, 0.7169, 0.7148 and 0.7095. Here, we are following the formation of the potential for the downward cycle of November 16. At the moment, the price is close to the key support of 0.7287. A downward movement is expected after the breakdown of 0.7194. In this case, the target is 0.7169 and in the range of 0.7169 - 0.7148 is the price consolidation. The breakdown of the level of 0.7148 should be accompanied by a pronounced downward movement. Here, the potential target is 0.7095, upon reaching which we expect a rollback to the top.

The breakdown of the level of 0.7290 will lead to the formation of an ascending structure. In this case, the first potential target is 0.7337.

The main trend is the formation of the downward potential of November 16.

Trading recommendations:

Buy: 0.7295 Take profit: 0.7330

Buy: 0.7256 Take profit: 0.7285

Sell: 0.7192 Take profit: 0.7170

Sell: 0.7144 Take profit: 0.7100

For the Euro / Yen currency pair, the key levels on the H1 scale are: 129.63, 129.17, 129.00, 128.23, 127.98, 127.22, 126.95 and 126.41. Here, the price canceled the development of the ascending structure of November 20 and we expect to move downwards with the subsequent formation of the initial conditions for the downward cycle. The passage of the range of 129.00 - 129.17 will lead to the cancellation of the downward structure. In this case, the potential target is 129.63.

The short-term downward movement is possible in the range of 128.23 - 127.98. The breakdown of the latter value should be accompanied by a pronounced movement to the level of 127.22 and in the range of 127.22 - 126.95 is the short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 126.41.

The main trend is the equilibrium situation.

Trading recommendations:

Buy: 129.20 Take profit: 129.60

Buy: Take profit:

Sell: 127.93 Take profit: 127.30

Sell: 122.20 Take profit: 126.95

For the Pound / Yen currency pair, the key levels on the H1 scale are: 146.65, 145.71, 145.00, 143.41, 142.51 and 141.28. Here, we are following the downward cycle from November 8. At the moment, the price is in the correction zone and in the range of 143.41 - 142.51, we expect a short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 141.28, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 145.00 - 145.71 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 146.65 and this level is the key support for the downward movement.

The main trend is the downward structure of November 8, the stage of correction.

Trading recommendations:

Buy: 145.00 Take profit: 145.66

Buy: 145.74 Take profit: 145.65

Sell: 143.40 Take profit: 142.60

Sell: 142.45 Take profit: 141.35