FX.co ★ Fractal analysis of major currency pairs for November 29

Dear colleagues.

For the Euro / Dollar currency pair, the price has moved out of the correction zone from the downward structure and forms a pronounced potential for the top of November 28. For the currency pair Pound / Dollar, the range of 1.2850 - 1.2873 is the key support for the downward structure of November 22. For the currency pair Dollar / Franc, the price forms the potential for a downward movement of November 28. For the currency pair Dollar / Yen, we continue to continue moving upwards after the breakdown of 114.02, and we consider the downward movement as a correction. For the Euro / Yen currency pair, we expect the upward movement to continue after the breakdown of 129.34. For the Pound / Yen currency pair, we are following the formation of the local potential for the upward movement of November 20 and the development of which is expected after the breakdown of 145.86.

Forecast for November 29:

Analytical review of H1-scale currency pairs:For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1477, 1.1429, 1.1414, 1.1392, 1.1357, 1.1338 and 1.1310. Here, the price forms a pronounced potential for the top of November 28. The upward movement is expected after the breakdown of 1.1392. In this case, the target is 1.1414 and consolidation is near this level. Passing the price of the 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 short-term downward movement is possible in the range of 1.1357 - 1.1338 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.1310 and this level is the key support for the upward structure.

The main trend is the formation of the upward potential of November 28.

Trading recommendations:

Buy 1.1392 Take profit: 1.1414

Buy 1.1431 Take profit: 1.1475

Sell: 1.1356 Take profit: 1.1338

Sell: 1.1336 Take profit: 1.1310For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.2925, 1.2873, 1.2850, 1.2741, 1.2691, 1.2658, 1.2613 and 1.2583. Here, the descending structure of November 22 is still relevant for setting goals. Its cancellation is possible after the price passes the range of 1.2850 - 1.2873. In this case, the goal is 1.2925, up to this level, we expect clearance of the expressed initial conditions for the top. The continuation of the downward movement is expected after the breakdown of 1.2741. In this case, the first target is 1.2691. 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 main trend is the local downward cycle of November 22, the stage of correction.

Trading recommendations:

Buy: 1.2873 Take profit: 1.2925

Buy: Take profit:

Sell: 1.2740 Take profit: 1.2693

Sell: 1.2656 Take profit: 1.2614For the Dollar / Franc currency pair, the key levels on the H1 scale are: 0.9986, 0.9961, 0.9945, 0.9919, 0.9894, 0.9862 and 0.9840. Here, the price forms the potential for the downward movement of November 28. The short-term downward movement is expected in the range of 0.9919 - 0.9894 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 0.9862. The potential value for the bottom is considered to be the level of 0.9840, 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 0.9945 - 0.9961 and the breakdown of the last value will lead to a deep correction. Here, the target is 0.9986 and this level is the key support for the downward structure.

The main trend is the formation of the downward potential of November 28.

Trading recommendations:

Buy: 0.9945 Take profit: 0.9960

Buy: 0.9963 Take profit: 0.9984

Sell: 0.9917 Take profit: 0.9896

Sell: 0.9892 Take profit: 0.9864For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 114.91, 114.52, 114.34, 114.02, 113.67, 113.45 and 113.07. Here, we continue to follow the development of the upward cycle from November 20. At the moment, the price is in the correction. The upward movement is expected after the breakdown of 114.02. In this case, the goal is 114.34 and in the range of 114.34 - 114.52 is the price consolidation. The potential value for the top is considered the level of 114.91, upon reaching which we expect a rollback downwards.

The short-term downward movement, as well as consolidation, are possible in the range of 113.67 - 113.45. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 113.07 and this level is the key support for the top.

The main trend is the rising structure of November 20.

Trading recommendations:

Buy: 114.04 Take profit: 114.34

Buy: 114.52 Take profit: 114.90

Sell: 113.66 Take profit: 113.46

Sell: 113.44 Take profit: 113.12

For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are: 1.3434, 1.3411, 1.3361, 1.3337, 1.3301, 1.3240, 1.3219 and 1.3185. Here, the range of 1.3240 - 1.3219 is the key support for faith. Its price passage will have to develop a downward movement. In this case, the first goal is 1.3185. The upward movement is expected after the breakdown of 1.3301. In this case, the target is 1.3337. The price pass of the range of 1.3337 - 1.3361 should be accompanied by a pronounced upward movement to the potential target of 1.3411 and in the range of 1.3411 - 1.3434 is the consolidation

The main trend is the local rising structure of November 26.

Trading recommendations:

Buy: 1.3301 Take profit: 1.3337

Buy: 1.3363 Take profit: 1.3410

Sell: 1.3219 Take profit: 1.3185

Sell: Take profit:

For the currency pair Australian dollar / Dollar, the key levels on the H1 scale are: 0.7425? 0.7375, 0.7337, 0.7294, 0.7274 and 0.7246. Here, the price forms a pronounced potential for the top of November 27. The continuation of the upward trend is expected after the breakdown of 0.7337. In this case, the target is 0.7375 and near this level is the price consolidation. The potential value for the top is considered the level of 0.7425, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.7294 - 0.7274 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7246 and this level is the key support for the top.

The main trend is the formation of upward potential from November 27.

Trading recommendations:

Buy: 0.7337 Take profit: 0.7372

Buy: 0.7377 Take profit: 0.7425

Sell: 0.7294 Take profit: 0.7276

Sell: 0.7272 Take profit: 0.7248

For the Euro / Yen currency pair, the key levels on the H1 scale are: 130.45, 130.05, 129.76, 129.34, 128.89, 128.64 and 128.33. Here, we are following the rising structure of November 23. The continuation of the upward movement we expect after the breakdown of 129.34. In this case, the goal is 129.76 and in the range of 129.76 - 130.05 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 130.45, after reaching which we expect a rollback downwards.

The short-term downward movement, as well as consolidation, are possible in the range of 128.89 - 128.64 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 128.33 and this level is the key support for the top.

The main trend is the upward structure of November 23.

Trading recommendations:

Buy: 129.36 Take profit: 129.74

Buy: 129.78 Take profit: 130.05

Sell: 128.88 Take profit: 128.66

Sell: 128.62 Take profit: 128.33

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 continue to monitor 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, after 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 latter 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