Fractal analysis of major currency pairs for November 28

Dear colleagues.

For the Euro / Dollar currency pair, we expect a further downward movement after the breakdown of 1.1271 and the level of 1.1334 is the key support. For the currency pair Pound / Dollar, the price canceled the development of the upward potential, and at the moment, we are following the local downward structure of November 22. For the currency pair Dollar / Franc, we consider the ascending structure from November 20 as the main one. For the currency pair Dollar / Yen, the expanded potential for the upward cycle from November 20 to the level of 114.91. For the currency pair Euro / Yen, the price is near the key support for the rising structure of November 23 (128.14). 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 28:

Analytical review of H1-scale currency pairs:For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1366, 1.1334, 1.1315, 1.1271, 1.1244, 1.1201 and 1.1177. Here, we continue to follow the downward structure of November 20. A downward movement is expected after the breakdown of 1.1270. In this case, the goal is 1.1244 and consolidation is near this level. Its breakdown will lead to a pronounced movement to the level of 1.1201. The potential value for the bottom is considered the level of 1.1177, from which we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.1315 - 1.1334 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.1366 and this level is the key support for the downward structure.

The main trend is the downward cycle of November 20.

Trading recommendations:

Buy 1.1315 Take profit: 1.1332

Buy 1.1336 Take profit: 1.1362

Sell: 1.1270 Take profit: 1.1245

Sell: 1.1240 Take profit: 1.1201For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.2831, 1.2795, 1.2764, 1.2691, 1.2658, 1.2613 and 1.2583. Here, after the cancellation of the upward potential of November 21, we are following the development of the local downward structure on November 22. The short-term downward movement is expected 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 1.2764 - 1.2795 and the breakdown of the latter value will lead to a deep correction. Here, the target is 1.2831 and this level is the key support for the downward structure of November 22.

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

Trading recommendations:

Buy: 1.2765 Take profit: 1.2795

Buy: 1.2797 Take profit: 1.2830

Sell: 1.2690 Take profit: 1.2658

Sell: 1.2656 Take profit: 1.2614For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0103, 1.0087, 1.0060, 1.0039, 1.0013, 0.9984, 0.9965 and 0.9945. Here, we are following the development of the ascending structure from November 20. The upward movement is expected after the breakdown of 1.0013. In this case, the target is 1.0039 and in the range of 1.0039 - 1.0060 is the short-term upward movement, as well as consolidation. The potential value for the top is 1.0103, after reaching which we expect a consolidated movement in the range of 1.0087 - 1.0103, as well as a rollback to the top.

The short-term downward movement is possible in the range of 0.9984 - 0.9965 and the breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.9945 and this level is the key support for the top.

The main trend is the ascending structure of November 20.

Trading recommendations:

Buy: 1.0015 Take profit: 1.0039

Buy: 1.0041 Take profit: 1.0060

Sell: 0.9984 Take profit: 0.9966

Sell: 0.9964 Take profit: 0.9945For 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 of November 20. 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 is possible in the range of 113.67 - 113.45 and the breakdown of the last value will lead to a prolonged correction. Here, the goal 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: 1.3411, 1.3392, 1.3361, 1.3337, 1.3325, 1.3293, 1.3272 and 1.3240. Here, the subsequent goals for the top, we determined from the local structure on November 26th. The upward movement is expected after the price passes the range of 1.3325 - 1.3337. In this case, the target is 1.3361 and consolidation is near this level. The breakdown of 1.3361 should be accompanied by a pronounced upward movement. Here, the target is 1.3392 and the potential value for the top is considered the level of 1.3411, upon reaching which we expect a rollback downwards

The short-term downward movement is possible in the range of 1.3293 - 1.3272 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3240 and this level is the key support for the top.

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

Trading recommendations:

Buy: 1.3337 Take profit: 1.3360

Buy: 1.3363 Take profit: 1.3392

Sell: 1.3293 Take profit: 1.3273

Sell: 1.3270 Take profit: 1.3240

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, 128.45, 128.14 and 127.76. Here, we are watching the formation of the potential for the top of November 23. At the moment, the price is in the correction zone. 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, as well as consolidation, is possible in the range of 128.45 - 128.14. The breakdown of the latter value will have to form the downward structure of 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

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

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