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Fractal analysis of major currency pairs for November 15

Dear colleagues.

For the Euro / Dollar currency pair, we continue to monitor the upward structure of November 12 and we expect a further upward movement after the breakdown of 1.1324. For the Pound / Dollar currency pair, the price forms the initial conditions for the top of November 12 and we expect a further uptrend after the breakdown of 1.3061. For the currency pair Dollar / Franc, the price issued potential for a downward movement of November 13. For the currency pair Dollar / Yen, the situation is in equilibrium. For the currency pair of Euro / Yen, the price forms the potential for the top of November 13 and the range of 129.00 - 129.17 is the key resistance for the top. For the Pound / Yen currency pair, we are watching the formation of a potential for the top on November 13 and we expect a further uptrend after the breakdown of 148.74.

Forecast for November 15:

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: 1.1403, 1.1375, 1.1353, 1.1322, 1.1293, 1.1273 and 1.1243. Here, we continue to monitor the ascending structure of November 12. The upward movement is expected after the breakdown of 1.1322. In this case, the target is 1.1353 and in the range of 1.1353 - 1.1375 is the price consolidation. The potential value for the top is considered the level of 1.1403, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 1.1293 - 1.1273 and the breakdown of the last value will lead to an in-depth correction. Here, the goal is 1.1243 and this level is the key support for the upward structure. Its breakdown will have to continue the downward trend. In this case, the first goal is 1.1212.

The main trend is the formation of potential for the top of November 12.

Trading recommendations:

Buy 1.1322 Take profit: 1.1350

Buy 1.1355 Take profit: 1.1375

Sell: 1.1293 Take profit: 1.1275

Sell: 1.1270 Take profit: 1.1248

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For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.3273, 1.3215, 1.3130, 1.3061, 1.2966, 1.2928 and 1.2878. Here, the price forms the potential for the top of November 12. The upward movement is expected after the breakdown of 1.3061. In this case, the target is 1.3130 and price consolidation is near this level. The breakdown of the level of 1.3130 should be accompanied by a pronounced upward movement. Here, the target is 0.3215. The potential value for the top is considered the level of 1.3273, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 1.2966 - 1.2928 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 1.2878 and this level is the key support for the upward structure. The breakdown will have to follow the downward movement. In this case, the first goal is 1.2824.

The main trend is the formation of the initial conditions for the top of November 12.

Trading recommendations:

Buy: 1.3061 Take profit: 1.3126

Buy: 1.3133 Take profit: 1.3215

Sell: 1.2966 Take profit: 1.2930

Sell: 1.2926 Take profit: 1.2880

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For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0186, 1.0150, 1.0134, 1.0111, 1.0088, 1.0043, 1.0031, 1.0003, 0.9985 and 0.9959. Here, the price took the potential for a downward movement of November 13th. We continue the development of the downward structure after the price passes the range of 1.0043 - 1.0031. In this case, the target is 1.0003 and in the range of 1.0003 - 0.9985 is the short-term downward movement, as well as consolidation. The potential value for the bottom is considered the level of 0.9959, after reaching which we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.0088 - 1.0111 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.0134 and in the range of 1.0134 - 1.0150 is the price consolidation. The potential value for the top is considered the level of 1.0186, upon reaching which we expect a rollback downwards.

The main trend is the upward cycle of November 7, the formation of the potential for the bottom of November 13.

Trading recommendations:

Buy: 1.0088 Take profit: 1.0110

Buy: 1.0113 Take profit: 1.0132

Sell: 1.0030 Take profit: 1.0005

Sell: 1.0001 Take profit: 0.9987

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For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 115.01, 114.48, 114.21, 113.77, 113.46 and 112.99. Here, the situation is in an equilibrium state and to continue moving up, it is necessary to create a local structure. The short-term upward movement is expected in the range of 114.21 - 114.48 and the breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the potential target is 115.01, after reaching which we expect a downward rollback.

The short-term downward movement, as well as consolidation, are possible in the range of 113.77 - 113.46 and the breakdown of the last value will lead to a prolonged correction. Here, the goal is 112.99, up to this level, we expect the initial conditions for the downward cycle.

The main trend: the ascending cycle of October 26, the correction zone.

Trading recommendations:

Buy: 114.21 Take profit: 114.46

Buy: 114.50 Take profit: 115.00

Sell: 113.75 Take profit: 113.50

Sell: 113.44 Take profit: 113.15

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For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3363, 1.3314, 1.3279, 1.3215, 1.3190 and 1.3151. At the moment, we expect to move to the level of 1.3279 and the breakdown of which will lead to a short-term uptrend to the level of 1.3314. In this range is the price consolidation. The potential value for the top is considered the level of 1.3363, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 1.3215 - 1.3190, hence a high probability of a reversal upwards. The breakdown of the level of 1.3190 will lead to a prolonged correction. In this case, the target is 1.3151.

The main trend is the local rising structure of November 7.

Trading recommendations:

Buy: 1.3280 Take profit: 1.3312

Buy: 1.3316 Take profit: 1.3360

Sell: 1.3215 Take profit: 1.3194

Sell: 1.3188 Take profit: 1.3155

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For the Australian dollar / dollar currency pair, the key levels on the H1 scale are: 0.7356, 0.7340, 0.7312, 0.7292, 0.7256, 0.7238 and 0.7210. Here, we clarified the objectives for the ascending structure of November 13. The short-term upward movement is possible in the range of 0.7292 - 0.7312 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 0.7340. The potential value for the top is considered to be the level of 0.7356, upon reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is possible in the range of 0.7256 - 0.7238 and breaking the last value will lead to a prolonged correction. Here, the target is 0.7210 and this level is the key support for the top.

The main trend is the ascending structure of November 13.

Trading recommendations:

Buy: 0.7292 Take profit: 0.7310

Buy: 0.7314 Take profit: 0.7340

Sell: 0.7255 Take profit: 0.7240

Sell: 0.7235 Take profit: 0.7230

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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, we are following the downward cycle of November 8. At the moment, the price is in deep correction and forms the potential for the top. 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 downward cycle of November 8, the stage of deep correction.

Trading recommendations:

Buy: 129.20 Take profit: 129.60

Buy: Take profit:

Sell: 128.23 Take profit: 128.00

Sell: 127.93 Take profit: 127.30

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For the Pound / Yen currency pair, the key levels on the H1 scale are: 151.16, 150.50, 149.52, 148.74, 147.55, 146.99, 146.58 and 145.91. Here, the price forms the potential for the top of November 13. The continuation of the movement upward is expected after the breakdown of 148.74. In this case, the goal is 149.52, up to this level, we expect the formation of a pronounced initial structure. The breakdown of the level of 149.52 should be accompanied by a pronounced upward movement. Here, the target is 150.50. The potential value for the top is considered the level of 151.16.

We expect a departure in the correction after the breakdown of 147.55. In this case, the target is 146.99 and the range of 146.99 - 146.58 is the key support for the top. Its price will have to develop a downward structure. In this case, the target is 145.91.

The main trend is the formation of potential for the top of November 13.

Trading recommendations:

Buy: 148.76 Take profit: 149.50

Buy: 149.56 Take profit: 150.50

Sell: 147.55 Take profit: 147.00

Sell: 146.58 Take profit: 145.95

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