Fractal analysis of major currency pairs for December 5

Dear colleagues.

For the Euro / Dollar currency pair, the upward structure of November 28 is considered as the main one and the level of 1.1297 is the key support for the top. For the Pound / Dollar currency pair, we are following the downward cycle of November 22 and we expect the continuation of the downward movement after the breakdown of 1.2658. For the currency pair Dollar / Franc, the price shaped the local potential for the upward movement and we expect the development of this structure after the breakdown of 0.9998. For the currency pair Dollar / Yen, we are following the development of the downward cycle of November 28. For the currency pair Euro / Yen, we are following the development of the downward cycle of November 29. For the currency pair Pound / Yen, we are following the downward structure of November 28 and the development of which is expected after the breakdown of 143.15.

Forecast for December 5:

Analytical review of H1-scale currency pairs:

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For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1477, 1.1429, 1.1414, 1.1392, 1.1364, 1.1297, 1.1266, 1.1233 and 1.1206. Here, we are following the ascending structure of November 28. An upward movement is expected after the breakdown of 1.1364. Here, the first target is 1.1392 and the breakdown of which will continue the development of the upward structure from November 28. In this case, the target is 1.1414 and consolidation is near this level. The passage of the price range of 1.1414 - 1.1429, will lead to a movement to the potential target of 1.1477, upon reaching which we expect a rollback downwards.

The breakdown of the level of 1.1297 will have to the formation of a downward structure. In this case, the first goal is 1.1266 and the breakdown of which, in turn, must be accompanied by a pronounced move to the level of 1.1233. The potential value for the bottom is considered the level of 1.1206, upon reaching which we expect a rollback to the top.

The main trend is the ascending structure of November 28.

Trading recommendations:

Buy 1.1364 Take profit: 1.1390

Buy 1.1392 Take profit: 1.1414

Sell: 1.1295 Take profit: 1.1268

Sell: 1.1264 Take profit: 1.1235

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For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.2827, 1.2786, 1.2747, 1.2691, 1.2658, 1.2613 and 1.2583. Here, we are following the downward structure of November 22. The short-term downward movement is possible in the range of 1.2691 - 1.2658 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.2613. The potential value for the bottom is considered the level of 1.2583, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term upward movement is possible in the range of 1.2747 - 1.27860 and the breakdown of the latter value will lead to an in-depth movement. Here, the goal is 1.2827 and this level is the key support for the downward structure.

The main trend is the local downward cycle of November 22.

Trading recommendations:

Buy: 1.2747 Take profit: 1.2784

Buy: 1.2788 Take profit: 1.2825

Sell: 1.2690 Take profit: 1.2659

Sell: 1.2655 Take profit: 1.2614

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For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0058, 1.0037, 1.0022, 0.9998, 0.9964, 0.9945 and 0.9915. Here, we are following the formation of the ascending structure from November 29th. An upward movement is expected after the breakdown of 0.9998. In this case, the goal is 1.0022 and in the range of 1.0022 - 1.0037 is the price consolidation. The potential value for the top is considered the level of 1.0058, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.9964 - 0.9945 and the breakdown of the latter value will lead to the cancellation of the ascending structure of November 29. In this case, the first potential target is 0.9915.

The main trend is the formation of the ascending structure of November 29.

Trading recommendations:

Buy: 0.9998 Take profit: 1.0020

Buy: 1.0037 Take profit: 1.0056

Sell: 0.9964 Take profit: 0.9947

Sell: 0.9943 Take profit: 0.9915

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For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 113.41, 113.15, 112.95, 112.57, 112.35, 112.04 and 111.87. Here, we are following the development of the downward cycle of November 28. The short-term downward movement is possible in the range of 112.57 - 112.35 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 112.04. The potential value for the bottom is considered the level of 111.87, after reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 112.95 - 113.15 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 113.41.

The main trend is the downward cycle of November 28.

Trading recommendations:

Buy: 112.95 Take profit: 113.15

Buy: 113.17 Take profit: 113.40

Sell: 112.55 Take profit: 113.35

Sell: 112.33 Take profit: 112.05

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For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3367, 1.3343, 1.3300, 1.3272, 1.3225, 1.3199, 1.3164, 1.3149, 1.3116 and 1.3070. Here, we are following the development of the downward cycle of November 28 and the price also forms the potential for the top of December 4. We expect the downward movement to continue after the price passes the range of 1.3164 - 1.3149. In this case, the target is 1.3116. The potential value for the downward trend is considered the level of 1.3070, after reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.3272 - 1.3300 and the breakdown of the latter value should be accompanied by a pronounced development of the ascending structure. In this case, the target is 1.3343. The potential value for the top is considered the level of 1.3367, upon reaching which we expect consolidation, as well as a rollback to the top.

The main trend is the downward cycle of November 28, the stage of deep correction.

Trading recommendations:

Buy: 1.3272 Take profit: 1.3300

Buy: 1.3303 Take profit: 1.3340

Sell: 1.3225 Take profit: 1.3200

Sell: 1.3197 Take profit: 1.3164

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For the Australian dollar / dollar currency pair, the key levels on the H1 scale are: 0.7506, 0.7457, 0.7425, 0.7383, 0.7337, 0.7314 and 0.7279. Here, we are following the rising structure of November 27. At the moment, the price is in the correction. We continue the upward movement after the breakdown of 0.7383. In this case, the target is 0.7425 and the breakdown of which will allow us to expect a movement to 0.7457, near this level is the price consolidation. The potential value for the top is considered the level of 0.7506, after reaching which we expect a rollback downwards.

The short-term downward movement, as well as consolidation, are possible in the range of 0.7337 - 0.7314. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7279 and this level is the key support for the top.

The main trend is the ascending structure of November 27.

Trading recommendations:

Buy: 0.7385 Take profit: 0.7425

Buy: 0.7427 Take profit: 0.7455

Sell: 0.7335 Take profit: 0.7316

Sell: 0.7311 Take profit: 0.7280

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For the Euro / Yen currency pair, the key levels on the H1 scale are: 128.70, 128.36, 128.15, 127.68, 127.43, 127.08 and 126.88. Here, we are following the development of the downward structure of November 29. The short-term downward movement is expected in the range of 127.68 - 127.43 and the breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the goal is 127.08. The potential value for the bottom is considered the level of 126.88, after reaching which we expect consolidation, as well as a rollback to the top.

The short-term upward movement is possible in the range of 128.15 - 128.36 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 128.70 and this level is the key support for the bottom.

The main trend is the downward cycle of November 29.

Trading recommendations:

Buy: 128.15 Take profit: 128.34

Buy: 128.38 Take profit: 128.70

Sell: 127.66 Take profit: 127.47

Sell: 127.40 Take profit: 127.10

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For the Pound / Yen currency pair, the key levels on the H1 scale are: 144.60, 144.10, 143.82, 143.59, 143.15, 142.80, 142.55 and 141.98. Here, we are following the downward structure of November 28th. The continuation of the downward movement is expected after the breakdown of 143.15. In this case, the target is 142.80 and in the range of 142.80 - 142.55 is the consolidation. The potential value for the bottom is considered the level of 141.98, the movement to which is expected after the breakdown of 142.55.

The short-term upward movement is possible in the range of 143.59 - 143.82 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 144.10 and this level is the key support for the downward structure of November 28. Its price passage will have to form an upward structure of 144.60.

The main trend is the downward cycle of November 28.

Trading recommendations:

Buy: 143.60 Take profit: 143.80

Buy: 143.82 Take profit: 144.10

Sell: 143.15 Take profit: 142.80

Sell: 142.55 Take profit: 142.00

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