Fractal analysis of major currency pairs for November 26

Dear colleagues.

For the Euro / Dollar currency pair, we continue to monitor the downward structure of November 20. At the moment, the price is in the correction. For the Pound / Dollar currency pair, we should continue moving upwards after the breakdown of 1.2886 and the level of 1.2792 is the key support. For the currency pair Dollar / Franc, the price is in a correction from the downward pattern on November 13. For the currency pair Dollar / Yen, we have expanded the potential for the top to the level of 114.34. For the Euro / Yen currency pair, we are waiting for the initial conditions for the upward movement, which should happen after the breakdown of 129.17. For the currency pair Pound / Yen, we are following the formation of the local potential for the upward movement of November 20.

Forecast for November 26:

Analytical review of H1-scale currency pairs:

54qD-kSVQzs0h_LhweC8KD692gZuBDLOIPBPNbdy

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 continue to follow the downward structure of November 20. The continuation of the downward movement is expected after the breakdown of 1.1315. In this case, the goal is 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 consolidated uptrend 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 1.1374 Take profit: 1.1401

Buy 1.1405 Take profit: 1.1430

Sell: 1.1312 Take profit: 1.1290

Sell: 1.1270 Take profit: 1.1245

fED2Yg0EC88GI7AJBi40-AJ8xzLl5oOCWE_Q5PrB

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 upward movement is expected after the breakdown of 1.2886. In this case, the target 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

UmJalFQ41yBWCCkTEQajIECnmr0-ajBeialh9nsg

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 and 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

S1m3dXgairDQ4GjLAZPmtUB3Cx2RDJLxukOVAqii

For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 114.34, 114.02, 113.82, 113.48, 113.19, 112.82, 112.61 and 112.37. 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 latter value should be accompanied by a pronounced upward movement. Here, the target is 113.82 and in the range of 113.82 - 114.02 is the short-term upward movements, as well as consolidation. The potential value for the top is considered the level of 114.34, upon reaching which we expect a rollback downwards.

The range of 112.82 - 112.61 is the key support for the upward structure of November 20. Its price passage will have a downward trend in development. In this case, the goal is 112.37.

The main trend is the rising structure of November 20.

Trading recommendations:

Buy: 113.20 Take profit: 113.45

Buy: 113.52 Take profit: 113.80

Sell: 112.80 Take profit: 112.62

Sell: 112.58 Take profit: 112.40

frGukey-_T925vLdAMkTleI017vlPMpnrqOHMFbE

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. The potential value for the bottom, while we consider the level of 1.3116, after reaching which, we expect consolidation.

The short-term upward movement, possibly in the range of 1.3243 - 1.3268, the breakdown of the latter value will have 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

gJ4Syvk0aOJpVu8mKUwbEAVxadk1P3yMyfrgjG-C

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

bZ6WVDUX-6KiyQBmWopn2-PPuxe_wXI0qEoOx9XE

For the Euro / Yen currency pair, the key levels on the H1 scale are: 129.63, 129.17, 129.00, 128.45, 128.14 and 127.76. Here, we expect clearance of the initial conditions for the top of November 23. The movement upwards is expected after the price passes the range of 129.00 - 129.17. In this case, the first potential target is 129.63.

The short-term downward movement is possible in the range of 128.45 - 128.14 and the breakdown of the latter value will have to form the downward structure from November 23. Here, the goal is 127.76.

The main trend is the formation of potential for the top of November 23.

Trading recommendations:

Buy: 129.20 Take profit: 129.60

Buy: Take profit:

Sell: 128.45 Take profit: 128.18

Sell: 128.10 Take profit: 127.85

Tiu-TIZXWUb3IKRJySjFnBEz6bUFymmja4uHnxxP

For the Pound / Yen currency pair, the key levels on the H1 scale are: 147.81, 147.32, 146.59, 146.32, 145.86, 144.91, 144.43 and 143.99. Here, we are following the formation of the local ascending structure from November 20. The continuation of the upward movement is expected after the breakdown of 145.86. In this case, the target is 146.32 and consolidation is near this level. Passing the price of the range of 146.32 - 146.59 will lead to a pronounced movement. Here, the goal is 147.32. The potential value for the top is considered the level of 147.81, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 144.91 - 144.43 and the breakdown of the last value will lead to the cancellation of the ascending structure of November 20. In this case, the first potential target is 143.99.

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

Trading recommendations:

Buy: 145.88 Take profit: 146.30

Buy: 146.65 Take profit: 147.30

Sell: 144.90 Take profit: 144.55

Sell: 144.40 Take profit: 144.00

The material has been provided by InstaForex Company - www.instaforex.com